FTAI Infrastructure Incorporation (FIP) AI Stock Analysis

• Market Cap: $538.61M
• Dividend Yield: 1.92%
• Average Volume (3M): 2.67M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: 16.07%
• EPS Growth: 30.39%
• Country: US
• Employees: 670
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): -0.73
• Shares Outstanding: 115,087,814
• 10 Day Avg. Volume: 2,203,807
• 30 Day Avg. Volume: 2,667,991
• 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: 7.08
• Enterprise Value/Revenue: 9.97
• Enterprise Value/Gross Profit: 41.34
• Enterprise Value/Ebitda: 35.26
• 1Y Price Target: $10.50
• Price Target Upside: 148.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 48 Neutral
• Price Target: $5.50 ▲(30.02% Upside)

FTAI Infrastructure's overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and poor cash flow management. While the earnings call provided a positive outlook with strategic acquisitions and refinancing, the technical and valuation metrics remain concerning.

Positive Factors

Strategic Acquisition

The acquisition of Wheeling & Lake Erie Railway enhances FTAI's freight rail segment, potentially boosting annual EBITDA by $200 million by 2026, strengthening its market position in the railway sector.

EBITDA Growth

The significant increase in EBITDA reflects improved operational efficiency and profitability, indicating a strong potential for sustained financial performance.

Refinancing Strategy

Refinancing initiatives are expected to enhance free cash flow by reducing annual cash fixed charges, providing financial flexibility for future growth and stability.

Negative Factors

High Leverage

High leverage poses financial risk, potentially limiting the company's ability to invest in growth opportunities and increasing vulnerability to economic downturns.

Weak Cash Flow Management

Negative cash flows indicate challenges in covering operational expenses and funding growth, which could strain financial resources and impact long-term sustainability.

Profitability Challenges

Ongoing profitability issues suggest difficulties in cost management and achieving sustainable margins, potentially affecting long-term financial health and investor confidence.

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 Inc. generates revenue through a diversified portfolio of infrastructure assets. The company's primary revenue streams include leasing and operating income from its transportation and energy assets, which might include airports, railways, and energy facilities. Additionally, FIP may engage in strategic partnerships and joint ventures to enhance asset performance and increase profitability. The company focuses on optimizing asset efficiency and capitalizing on market opportunities to ensure sustainable income growth.

FTAI Infrastructure Incorporation Financial Statement Overview

Summary

FTAI Infrastructure faces significant financial challenges. Despite revenue growth, the company struggles with profitability and high leverage. The balance sheet shows high debt levels, and cash flow management is weak, with negative operating and free cash flows.

Income Statement

FTAI Infrastructure Incorporation's income statement shows a mixed performance. The company has experienced revenue growth, with a 10.84% increase in the TTM period. However, profitability remains a significant concern, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is relatively low at 24.11%, indicating challenges in managing cost of goods sold. Overall, while revenue is growing, the company struggles with profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 3.40, indicating significant leverage and potential financial risk. The return on equity is negative, reflecting ongoing losses and inefficient use of equity. The equity ratio stands at 21.00%, suggesting a moderate reliance on equity financing. Overall, the balance sheet highlights financial instability and high leverage, which could pose risks if not managed carefully.

Cash Flow

Cash flow analysis shows a concerning trend with negative operating and free cash flows. The free cash flow growth rate is positive at 27.34%, but the overall cash flow situation remains weak. The operating cash flow to net income ratio is negative, indicating cash flow challenges relative to earnings. The free cash flow to net income ratio is high, suggesting that despite losses, the company is generating some cash flow relative to net income. Overall, cash flow management is a critical area for improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	382.52M	331.50M	320.47M	261.97M	120.22M	68.56M
Gross Profit	92.21M	331.50M	-26.66M	-29.90M	-47.98M	-45.02M
EBITDA	108.13M	-61.23M	23.32M	-59.06M	-39.94M	-31.83M
Net Income	-74.59M	-223.65M	-121.34M	-153.58M	-79.87M	-55.20M
Balance Sheet
Total Assets	4.41B	2.37B	2.38B	2.48B	2.44B	1.40B
Cash, Cash Equivalents and Short-Term Investments	448.26M	27.79M	29.37M	36.49M	49.87M	15.71M
Total Debt	3.15B	1.66B	1.41B	1.30B	789.03M	339.38M
Total Liabilities	3.63B	1.92B	1.64B	1.69B	980.25M	403.61M
Stockholders Equity	925.76M	583.87M	809.52M	816.21M	1.46B	973.05M
Cash Flow
Free Cash Flow	-309.31M	-98.10M	-95.23M	-259.83M	-202.61M	-294.38M
Operating Cash Flow	-84.68M	-15.28M	5.51M	-42.69M	-61.72M	-46.86M
Investing Cash Flow	12.87M	-118.14M	-147.12M	-267.27M	-828.72M	-252.22M
Financing Cash Flow	333.60M	193.23M	79.45M	157.74M	1.14B	337.63M

FTAI Infrastructure Incorporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIP, the sentiment is Negative. The current price of 4.23 is below the 20-day moving average (MA) of 4.49, below the 50-day MA of 5.22, and below the 200-day MA of 5.68, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 42.09 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FIP.

FTAI Infrastructure Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CODI	60 Neutral	522.14M	-4.83	0.99%	14.84%	6.77%	9.95%
TUSK	54 Neutral	118.56M	-1.31	-11.91%	―	-19.00%	48.70%
MATW	53 Neutral	760.23M	-11.39	-12.68%	4.16%	-11.13%	-351.71%
NNBR	53 Neutral	111.16M	-1.93	-23.65%	―	-9.86%	1.22%
FIP	48 Neutral	$538.61M	―	-9.32%	1.92%	16.07%	30.39%
TRC	47 Neutral	430.57M	-815.31	-0.11%	―	14.79%	-141.14%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

FTAI Infrastructure Incorporation Corporate Events

FTAI Infrastructure Completes Acquisition of Wheeling Corporation

On August 25, 2025, FTAI Infrastructure Inc.’s subsidiary, FIP RR Holdings LLC, completed the acquisition of The Wheeling Corporation from WLE Management Partners, L.P. for approximately $1.05 billion. This acquisition, facilitated by a $1.25 billion secured bridge loan, involves a voting trust agreement pending regulatory approval and includes the issuance of Series A Preferred Units and Warrants to finance the deal. The transaction aims to strengthen FTAI’s position in the railway sector, with significant financial arrangements and strategic moves designed to optimize its asset management and operational capabilities.

FTAI Infrastructure Announces Acquisition of Wheeling Corporation

On August 6, 2025, FTAI Infrastructure Inc. announced its agreement to acquire The Wheeling Corporation, which owns the Wheeling & Lake Erie Railway Company, for $1.05 billion. This acquisition is expected to enhance FTAI’s freight rail platform by combining Wheeling with its existing Transtar operations, potentially driving substantial growth in revenue and EBITDA. The transaction is subject to customary closing conditions and regulatory approvals, with the expectation to close in the third quarter of 2025.