FIP - FTAI Infrastructure Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$11.67
DETAILS
HIGH:
$13.00
LOW:
$10.00
MEDIAN:
$12.00
CONSENSUS:
$11.67
UPSIDE:
158.76%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 502.5 | 331.5 | 320.5 | 262.0 | 120.2 | 68.6 | 229.5 |
| Cost of Revenue | 446.8 | 0 | 347.1 | 291.9 | 0 | 113.6 | 310.6 |
| Gross Profit | 55.7 | 331.5 | (26.7) | (29.9) | 120.2 | (45.0) | (81.1) |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 16.2 | 14.8 | 12.8 | 23.9 | 8.7 | 8.5 | 7.5 |
| Other Expenses | 0 | 338.4 | 0 | (13.0) | 168.2 | 0 | 0 |
| Operating Expenses | 16.2 | 353.2 | 12.8 | 10.9 | 176.9 | 8.5 | 7.5 |
| Operating Income | |||||||
| Operating Income | 39.5 | (21.7) | (39.5) | (40.8) | (56.7) | (53.5) | (88.6) |
| Interest Expense | 265.9 | 122.1 | 99.6 | 53.2 | 16.0 | 10.8 | 17.9 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 243.0 | (61.2) | 23.3 | (59.1) | (39.9) | (31.8) | 54.3 |
| EBIT | 110.5 | (140.6) | (57.7) | (129.8) | (94.0) | (62.9) | 21.2 |
| Income Before Tax | (155.4) | (262.8) | (157.3) | (183.0) | (110.0) | (73.7) | 3.2 |
| Income Tax Expense | (3.3) | 3.3 | 2.5 | 4.5 | (3.6) | (2.0) | 14.4 |
| Net Income | (107.2) | (223.6) | (121.3) | (153.6) | (79.9) | (55.2) | 6.4 |
| Per Share Data | |||||||
| EPS (Basic) | -2.26 | -2.72 | -1.78 | -1.73 | -0.81 | -0.56 | -0.11 |
| EPS (Diluted) | -2.26 | -2.72 | -1.78 | -1.73 | -0.81 | -0.56 | -0.11 |
| Shares Outstanding | 115.2 | 108.2 | 103.0 | 99.4 | 99.2 | 99.2 | 99.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 325.9 | 27.8 | 29.4 | 36.5 | 49.9 | 15.7 | 6.5 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 95.4 | 53.4 | 56.0 | 60.8 | 50.3 | 5.0 | 14.9 |
| Inventory | 0 | 0.3 | 0.3 | 113.2 | 252.0 | 0.1 | 5.6 |
| Other Current Assets | 62.7 | 128.6 | 99.8 | 67.4 | 43.4 | 59.6 | 14.0 |
| Total Current Assets | 484.0 | 219.9 | 185.5 | 277.8 | 413.0 | 84.5 | 41.0 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 4,715.3 | 1,758.9 | 1,736.2 | 1,779.7 | 1,625.2 | 1,037.9 | 800.7 |
| Goodwill | 365.7 | 275.4 | 275.4 | 260.3 | 257.1 | 122.7 | 122.6 |
| Intangible Assets | 43.2 | 46.2 | 52.6 | 60.2 | 67.7 | 13.0 | 16.6 |
| Long-Term Investments | 22.2 | 12.5 | 72.7 | 73.6 | 54.4 | 123.8 | 155.9 |
| Other Non-Current Assets | 118.3 | 61.6 | 57.3 | 26.8 | 24.9 | 17.0 | 17.5 |
| Total Non-Current Assets | 5,264.6 | 2,154.5 | 2,194.1 | 2,200.6 | 2,029.3 | 1,314.5 | 1,113.3 |
| Total Assets | 5,748.7 | 2,374.4 | 2,379.6 | 2,478.4 | 2,442.3 | 1,399.0 | 1,154.3 |
| Current Liabilities | |||||||
| Account Payables | 280.7 | 176.4 | 130.8 | 136.0 | 115.6 | 52.3 | 76.1 |
| Short-Term Debt | 1,620.1 | 48.6 | 0 | 0 | 2.9 | 25 | 146.0 |
| Deferred Revenue | 0 | 8.3 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 54.7 | (0.7) | 12.6 | 16.5 | 8.0 | 4.2 | 3.8 |
| Total Current Liabilities | 1,955.6 | 250.8 | 150.6 | 159.6 | 129.5 | 82.4 | 225.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 2,234.2 | 1,539.2 | 1,340.9 | 1,230.2 | 718.6 | 253.5 | 147.3 |
| Deferred Tax Liabilities | 300.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 243.7 | 67.1 | 87.5 | 236.1 | 64.7 | 7.8 | 15.2 |
| Total Non-Current Liabilities | 2,849.1 | 1,667.2 | 1,490.9 | 1,529.4 | 850.8 | 321.3 | 162.5 |
| Total Liabilities | 4,804.7 | 1,918.0 | 1,641.5 | 1,689.0 | 980.3 | 403.6 | 388.3 |
| Stockholders' Equity | |||||||
| Common Stock | 1.2 | 1.1 | 1.0 | 1.0 | 1,617.6 | 999.3 | 729.1 |
| Retained Earnings | (513.0) | (405.8) | (182.2) | (60.8) | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | (90.6) | (157.1) | (178.5) | (300.1) | (155.5) | (26.2) | 0.4 |
| Total Stockholders' Equity | 1,111.5 | 583.9 | 809.5 | 816.2 | 1,462.1 | 973.1 | 729.4 |
| Total Liabilities & Equity | 5,748.7 | 2,374.4 | 2,379.6 | 2,478.4 | 2,442.3 | 1,399.0 | 1,154.3 |
| Debt Metrics | |||||||
| Total Debt | 3,925.3 | 1,655.9 | 1,410.6 | 1,300.3 | 789.0 | 339.4 | 293.3 |
| Net Debt | 3,599.3 | 1,628.1 | 1,381.2 | 1,263.9 | 739.2 | 323.7 | 286.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (260.4) | (266.1) | (159.8) | (187.5) | (106.3) | (71.7) | (11.1) |
| Depreciation & Amortization | 132.5 | 79.4 | 81.0 | 70.7 | 54.0 | 31.1 | 33.1 |
| Stock-Based Compensation | 11.1 | 8.6 | 9.2 | 4.1 | 4.0 | 2.3 | 1.5 |
| Change in Working Capital | (41.9) | 14.1 | 37.7 | (8.8) | (23.5) | (15.9) | 17.1 |
| Other Non-Cash Items | 46.5 | 146.7 | 35.4 | 74.7 | 13.9 | 9.6 | (107.3) |
| Operating Cash Flow | (118.0) | (15.3) | 5.5 | (42.7) | (61.7) | (46.9) | (52.7) |
| Investing Activities | |||||||
| Capital Expenditure | (281.2) | (82.8) | (100.7) | (217.1) | (140.9) | (247.5) | (323.0) |
| Acquisitions | (856.6) | 4.7 | (11.5) | (9.8) | (682.3) | 0 | 62.9 |
| Purchases of Investments | (18.5) | (8.8) | (7.1) | (47.5) | (10) | (4.7) | 0 |
| Sales/Maturities of Investments | 11.0 | 0 | 0 | 0 | 10 | 0 | 0 |
| Other Investing Activities | 2.8 | (114.0) | (27.8) | 7.1 | (5.5) | 0 | 1.6 |
| Investing Cash Flow | (1,142.7) | (118.1) | (147.1) | (267.3) | (828.7) | (252.2) | (258.6) |
| Financing Activities | |||||||
| Net Debt Issuance | 951.7 | 250.8 | 106.2 | 519.0 | 451.1 | 24.0 | 197.0 |
| Stock Repurchased | (447.1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (13.8) | (27.8) | (14.1) | (4.9) | 0 | 0 | 0 |
| Other Financing Activities | (32.9) | (29.8) | (12.6) | (647.4) | (12.4) | (11.8) | 96.7 |
| Financing Cash Flow | 1,439.3 | 193.2 | 79.4 | 157.7 | 1,136.9 | 337.6 | 293.6 |
| Cash Position | |||||||
| Net Change in Cash | 178.7 | 59.8 | (62.2) | (152.2) | 246.4 | 38.6 | (17.6) |
| Cash at Beginning | 147.3 | 87.5 | 149.6 | 301.9 | 55.4 | 16.9 | 34.5 |
| Cash at End | 325.9 | 147.3 | 87.5 | 149.6 | 301.9 | 55.4 | 16.9 |
| Free Cash Flow | (399.3) | (98.1) | (95.2) | (259.8) | (202.6) | (294.4) | (375.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 502.5 | 331.5 | 320.5 | 262.0 | 120.2 | 68.6 | 229.5 |
| Gross Profit | 55.7 | 331.5 | (26.7) | (29.9) | 120.2 | (45.0) | (81.1) |
| Operating Income | 39.5 | (21.7) | (39.5) | (40.8) | (56.7) | (53.5) | (88.6) |
| Net Income | (107.2) | (223.6) | (121.3) | (153.6) | (79.9) | (55.2) | 6.4 |
| EPS (Diluted) | -2.26 | -2.72 | -1.78 | -1.73 | -0.81 | -0.56 | -0.11 |
| Balance Sheet | |||||||
| Cash & Equivalents | 325.9 | 27.8 | 29.4 | 36.5 | 49.9 | 15.7 | 6.5 |
| Total Assets | 5,748.7 | 2,374.4 | 2,379.6 | 2,478.4 | 2,442.3 | 1,399.0 | 1,154.3 |
| Total Debt | 3,925.3 | 1,655.9 | 1,410.6 | 1,300.3 | 789.0 | 339.4 | 293.3 |
| Stockholders' Equity | 1,111.5 | 583.9 | 809.5 | 816.2 | 1,462.1 | 973.1 | 729.4 |
| Cash Flow | |||||||
| Operating Cash Flow | (118.0) | (15.3) | 5.5 | (42.7) | (61.7) | (46.9) | (52.7) |
| Capital Expenditure | (281.2) | (82.8) | (100.7) | (217.1) | (140.9) | (247.5) | (323.0) |
| Free Cash Flow | (399.3) | (98.1) | (95.2) | (259.8) | (202.6) | (294.4) | (375.7) |