FTAI Infrastructure Incorporation (FIP) AI Stock Analysis

• Market Cap: $682.65M
• Dividend Yield: 1.9%
• Average Volume (3M): 1.87M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: 32.39%
• EPS Growth: -19.35%
• Country: US
• Employees: 670
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -1.38
• Shares Outstanding: 116,294,464
• 10 Day Avg. Volume: 1,506,186
• 30 Day Avg. Volume: 1,872,350
• PEG Ratio: -0.07
• Price to Book (P/B): 1.35
• Price to Sales (P/S): 2.37
• P/FCF Ratio: -8.01
• Enterprise Value/Market Cap: 6.43
• Enterprise Value/Revenue: 9.98
• Enterprise Value/Gross Profit: 36.75
• Enterprise Value/Ebitda: 40.34
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: $6.50 ▲(20.37% Upside)

The score is held back most by weak profitability, high leverage, and declining free cash flow despite solid revenue growth. Offsetting this, the latest earnings call emphasized significant EBITDA run-rate expansion and strategic initiatives, while technicals show an uptrend but with overbought readings that add near-term risk.

Positive Factors

Revenue Growth

Sustained mid-teens TTM revenue growth reflects expanding utilization of infrastructure assets and successful integration of new operations. Durable top-line expansion supports scale economics and long-term cash generation potential if margins and cash conversion are improved.

Segment EBITDA Run-rate Targets

Ambitious run-rate targets signal structurally higher recurring EBITDA potential from diversified segments (rail, gas, power). If achieved, these scalable earnings bases can materially improve coverage for debt, support reinvestment, and underpin predictable cash flows over multiple years.

Strategic Asset Wins and Permits

Acquisition momentum plus regulatory permit for Repauno Phase 3 represent structural capacity and capability expansion. These durable asset additions enhance market position, create incremental fee and usage-based revenue long term, and provide avenues for future EBITDA growth.

Negative Factors

Weak Profitability

Deeply negative margins indicate the company struggles to convert revenue into sustainable profits, suggesting structural cost or business-model inefficiencies. Persistent losses hinder retained earnings accumulation and reduce resilience to downturns absent sustained margin recovery.

High Leverage

A very high leverage profile materially increases refinancing, interest-rate and covenant risks. With sizable debt outstanding, the firm’s strategic flexibility and ability to fund capex or withstand revenue shocks are constrained until meaningful deleveraging or refinancing on favorable terms occurs.

Declining Free Cash Flow

Sharp decline in free cash flow reduces internal funding for maintenance, growth projects, and debt reduction. Structural cash-generation weakness raises reliance on external financing or asset sales, increasing execution risk for long-term growth and balance-sheet repair initiatives.

FTAI Infrastructure Incorporation Business Overview & Revenue Model

Company Description

FTAI Infrastructure Inc. focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries. It operates a multi-modal crude oil and refined products terminal, and other related assets. The company also has a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; and a 1,660-acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities, including a power plant under construction. In addition, it operates five freight railroads and one switching facility. FTAI Infrastructure Inc. was incorporated in 2021 and is based in New York, New York. FTAI Infrastructure Inc. (NasdaqGS : FIP) operates independently of Fortress Transportation and Infrastructure Investors LLC as of August 1, 2022.

How the Company Makes Money

FTAI Infrastructure Incorporation generates revenue primarily through long-term contracts for infrastructure projects, asset management fees, and performance-based incentives. The company partners with government entities and private sector organizations to undertake large-scale projects, allowing it to secure steady income streams. Additionally, FIP benefits from investment returns on its equity stakes in various infrastructure assets, which contribute significantly to its earnings. The combination of these revenue streams, along with strategic alliances and joint ventures, bolsters the company's financial performance.

FTAI Infrastructure Incorporation Financial Statement Overview

Summary

Revenue growth is strong (+14.97% TTM), but profitability is weak (net margin -45.68%, EBITDA margin -21.04%) and leverage is high (debt-to-equity 3.06). Cash flow is also pressured (free cash flow growth -47.46% TTM), keeping the financial profile below average despite some positives.

Income Statement

FTAI Infrastructure Incorporation has shown a significant revenue growth rate of 14.97% in the TTM, indicating a positive trajectory. However, the company struggles with profitability, as evidenced by a negative net profit margin of -45.68% and a negative EBITDA margin of -21.04%. The gross profit margin is positive at 2.60%, but overall, the company faces challenges in converting revenue into profit.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 3.06, indicating significant leverage, which could pose financial risks. The return on equity is negative at -22.36%, reflecting poor profitability relative to shareholder equity. However, the equity ratio is 22.73%, suggesting a reasonable proportion of equity financing relative to total assets.

Cash Flow

The cash flow statement highlights a concerning decline in free cash flow growth of -47.46% in the TTM. The operating cash flow to net income ratio is negative, indicating operational challenges. However, the free cash flow to net income ratio is positive at 1.23, suggesting some ability to generate cash relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	439.77M	331.50M	320.47M	261.97M	120.22M	68.56M
Gross Profit	119.47M	331.50M	-26.66M	-29.90M	120.22M	-45.02M
EBITDA	108.84M	-61.23M	23.32M	-59.06M	-39.94M	-31.83M
Net Income	-134.64M	-223.65M	-121.34M	-153.58M	-79.87M	-55.20M
Balance Sheet
Total Assets	5.45B	2.37B	2.38B	2.48B	2.44B	1.40B
Cash, Cash Equivalents and Short-Term Investments	34.72M	27.79M	29.37M	36.49M	49.87M	15.71M
Total Debt	3.80B	1.66B	1.41B	1.30B	789.03M	339.38M
Total Liabilities	5.28B	1.92B	1.64B	1.69B	980.25M	403.61M
Stockholders Equity	333.70M	583.87M	809.52M	816.21M	1.46B	973.05M
Cash Flow
Free Cash Flow	-151.19M	-98.10M	-95.23M	-259.83M	-202.61M	-294.38M
Operating Cash Flow	-123.31M	-15.28M	5.51M	-42.69M	-61.72M	-46.86M
Investing Cash Flow	-1.13B	-118.14M	-147.12M	-267.27M	-828.72M	-252.22M
Financing Cash Flow	1.46B	193.23M	79.45M	157.74M	1.14B	337.63M

FTAI Infrastructure Incorporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIP, the sentiment is Neutral. The current price of 5.4 is below the 20-day moving average (MA) of 5.71, above the 50-day MA of 5.13, and above the 200-day MA of 5.25, indicating a neutral trend. The MACD of 0.20 indicates Positive momentum. The RSI at 46.28 is Neutral, neither overbought nor oversold. The STOCH value of 25.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIP.

FTAI Infrastructure Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FIP	56 Neutral	$682.65M	-2.23	-13.99%	1.90%	32.39%	-19.35%
TUSK	55 Neutral	$117.11M	-1.41	-24.62%	―	-21.67%	60.44%
TRC	53 Neutral	$440.25M	148.42	0.63%	―	15.71%	―
MATW	52 Neutral	$819.24M	37.69	4.73%	3.87%	-16.60%	58.86%
NNBR	52 Neutral	$80.31M	-1.25	-24.06%	―	-9.85%	-11.65%
CODI	45 Neutral	$492.80M	-1.14	-41.05%	20.53%	-15.85%	-59.42%

FTAI Infrastructure Incorporation Corporate Events

FTAI Infrastructure announces Jefferson private notes offering

On January 26, 2026, Jefferson announced plans to launch a private offering of up to $255 million in notes, with the final size subject to market conditions, to refinance existing 2024B taxable facility revenue bonds from the Port of Beaumont, cover accrued interest and fees, fund debt service reserves and interest accounts, and provide additional working capital. The contemplated financing, which may or may not be completed, is intended to strengthen Jefferson’s capital structure and support continued utilization and growth of its terminal and storage operations within FIP’s infrastructure platform, though the company highlights significant market, operational and regulatory risks that could affect the ultimate terms, timing and benefits of the transaction for creditors and other stakeholders.

The most recent analyst rating on (FIP) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on FTAI Infrastructure Incorporation stock, see the FIP Stock Forecast page.