Ftai Infrastructure Inc. (FIP)
Nasdaq · Railroads, Line-Haul Operating · Transportation, communications and utilities · CIK 1899883 · fiscal year ends in Dec
Closing price $2.86 on 30 Oct 2026; 52-week range $2.30 to $6.44.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $659.2M
- Revenue growth
- 72.3%
- Net income, last twelve months
- -$553.9M
- Earnings per share
- -$5.19
- Operating margin
- -3.1%
- Net margin
- -84.0%
- Free cash flow
- -$318.7M
- Market value
- $338.0M
- Dividend yield
- 4.2%
- Cash
- $32.6M
- Debt
- $2.8B
- Shares outstanding
- 118.2M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $502.5M | $8.0M | -$207.4M | -$2.26 | -$398.5M | 10-K filed 16 Mar 2026 |
| FY2024 | 31 Dec 2024 | $331.5M | -$99.5M | -$294.5M | -$2.72 | -$94.8M | 10-K filed 13 Mar 2025 |
| FY2023 | 31 Dec 2023 | $320.5M | -$44.4M | -$183.7M | -$1.79 | -$93.5M | 10-K filed 27 Mar 2024 |
| FY2022 | 31 Dec 2022 | $262.0M | -$57.6M | -$177.2M | -$1.73 | -$259.8M | 10-K filed 9 Mar 2023 |
| FY2021 | 31 Dec 2021 | $120.2M | -$71.5M | -$79.9M | -$0.80 | -$202.6M | 8-K filed 21 Nov 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $186.8M | -$166.5M | -$1.41 |
| Q1 FY2026 | 31 Mar 2026 | $188.4M | -$150.2M | -$1.32 |
| Q4 FY2025 | 31 Dec 2025 | $143.5M | -$119.0M | -$1.08 |
| Q3 FY2025 | 30 Sep 2025 | $140.6M | -$118.4M | -$1.38 |
| Q2 FY2025 | 30 Jun 2025 | $122.3M | -$83.9M | -$0.73 |
| Q1 FY2025 | 31 Mar 2025 | $96.2M | $109.7M | $0.89 |
| Q4 FY2024 | 31 Dec 2024 | $80.8M | -$133.6M | -$1.24 |
| Q3 FY2024 | 30 Sep 2024 | $83.3M | -$50.0M | -$0.45 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By product, FY2024
| Segment | Revenue | Share |
|---|---|---|
| Rail revenues | $178.2M | 53.8% |
| Terminal services revenues | $93.3M | 28.1% |
| Roadside services revenues | $55.0M | 16.6% |
| Lease income | $5.0M | 1.5% |
| Other revenue | $32.0K | 0.0% |
Company events
The newest 8-K filings of 55 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 23 Oct 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 28 Sep 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 5 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 2 Jul 2026 | 8-K | Material agreement, New debt | 1.01, 2.03, 9.01 |
| 29 May 2026 | 8-K | Shareholder vote | 5.07 |
| 7 May 2026 | 8-K | Results | 2.02, 9.01 |
| 30 Apr 2026 | 8-K | Material agreement, Investor update | 1.01, 7.01, 9.01 |
| 17 Apr 2026 | 8-K | Auditor change | 4.01, 9.01 |
| 26 Feb 2026 | 8-K | Results, Material agreement, Agreement ended | 1.01, 1.02, 2.02, 9.01 |
| 26 Jan 2026 | 8-K | Investor update, Other events | 7.01, 8.01, 9.01 |
| 30 Oct 2025 | 8-K | Results | 2.02, 9.01 |
| 24 Oct 2025 | 8-K/A | Investor update | 7.01, 9.01 |
Every filing
The newest filings with the SEC of 122 held.
| Filed | Form | Period |
|---|---|---|
| 23 Oct 2026 | 8-K | 23 Oct 2026 |
| 28 Sep 2026 | 8-K | 27 Sep 2026 |
| 10 Aug 2026 | 10-Q | 30 Jun 2026 |
| 5 Aug 2026 | 8-K | 5 Aug 2026 |
| 2 Jul 2026 | 8-K | 1 Jul 2026 |
| 29 May 2026 | 8-K | 29 May 2026 |
| 8 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
| 30 Apr 2026 | 8-K | 29 Apr 2026 |
| 20 Apr 2026 | ARS | 31 Dec 2025 |
| 20 Apr 2026 | DEF 14A | 29 May 2026 |
| 17 Apr 2026 | 8-K | 15 Apr 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 28 May 2026 | Fletcher Carl Russell Iv, CFO and CAO | Purchase | 10,000 | $4.58 | $45.8K | 40,000 | 28 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Aug 2026 | Wellington Management Group LLP | 13G amended | 11.42% | 13.5M |
| 2 Jul 2026 | LIF AIV 1, L.P. | 13D amended | 15.84% | 22.2M |
| 18 May 2026 | AllianceBernstein L.P. | 13G amended | 4.4% | 5.2M |
| 26 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 17 Feb 2026 | FRONTIER CAPITAL MANAGEMENT CO.,LLC | 13G | 5.65% | 6.6M |
| 17 Feb 2026 | AllianceBernstein L.P. | 13G | 5.4% | 6.3M |
| 12 Feb 2026 | Steven D. Lebowitz | 13G | 5.75% | 6.7M |
| 5 Feb 2026 | Wellington Management Group LLP | 13G amended | 10.14% | 11.8M |
| 5 Feb 2026 | Wellington Management Group LLP | 13G amended | 9.9% | 11.5M |
| 14 Nov 2025 | Hood River Capital Management LLC | 13G amended | 0% | 0 |
Trades by members of the House
From each member's periodic transaction report.
| Traded | Member | Type | Amount | Disclosed |
|---|---|---|---|---|
| 5 May 2026 | Brian Babin (TX36) | Sale | $1,001 - $15,000 | 18 May 2026 |
| 2 Aug 2022 | Brian Babin (TX36) | Purchase | $1,001 - $15,000 | 9 Jun 2023 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 19.3M | +3.72% | 13.02 |
| 30 Sep 2026 | 18.6M | -3.51% | 13.81 |
| 15 Sep 2026 | 19.3M | +0.09% | 14.44 |
| 31 Aug 2026 | 19.3M | +0.43% | 20.23 |
| 14 Aug 2026 | 19.2M | +2.58% | 8.72 |
| 31 Jul 2026 | 18.7M | +1.51% | 18.44 |
| 15 Jul 2026 | 18.4M | +0.98% | 24.37 |
| 30 Jun 2026 | 18.2M | +0.2% | 15.73 |
Funds that hold it
From each fund's latest Form 13F.
206 funds held it at 30 Jun 2026: 82 added and 49 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Wellington Management Group LLP | 13,490,351 | $62.6M | +1,259,468 |
| Washington State Investment Board | 11,785,779 | $54.7M | 0 |
| BlackRock, Inc. | 8,950,618 | $41.5M | +708,946 |
| Frontier Capital Management Co. LLC | 8,257,704 | $38.3M | +702,012 |
| First Eagle Investment Management, LLC | 5,495,124 | $25.5M | – |
| Caspian Capital LP | 5,211,307 | $24.2M | 0 |
| Vanguard Capital Management LLC | 4,847,955 | $22.5M | +162,654 |
| AllianceBernstein L.P. | 4,253,292 | $21.0M | -944,709 |
| Long Focus Capital Management, LLC | 3,517,209 | $16.3M | -556,096 |
| Royce & Associates LP | 3,307,338 | $15.3M | +410,160 |
Peers
Companies in the same industry.
- Union Pacific Corp. (UNP): revenue $26.4B, market value $180.6B
- CSX Corp. (CSX): revenue $14.9B, market value $95.8B
- Canadian Pacific Kansas City Ltd. (CP): revenue $16.0B, market value $78.0B
- Norfolk Southern Corp. (NSC): revenue $13.0B, market value $76.9B