FTAI Infrastructure Inc. (FIP)

FTAI Infrastructure Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	382.52	331.5	320.47	261.97	120.22	68.56
Revenue Growth (YoY)	16.07%	3.44%	22.33%	117.91%	75.34%	-70.12%
Cost of Revenue	263.35	247.67	253.67	208.16	98.54	69.39
Gross Profit	119.17	83.82	66.8	53.81	21.68	-0.83
Selling, General & Admin	3.77	2.06	31.04	23.86	24.38	21.6
Operating Expenses	101.51	81.47	112.03	94.6	78.39	52.71
Operating Income	17.66	2.36	-45.23	-40.8	-56.71	-53.54
Interest Expense	-167.14	-122.11	-99.6	-53.24	-16.02	-10.76
Earnings From Equity Investments	-27.49	-55.5	-24.71	-67.4	-13.5	-3.11
Other Non Operating Income (Expenses)	-5.74	-3.16	12.33	-3.17	-8.93	0.09
EBT Excluding Unusual Items	-182.71	-178.4	-157.22	-164.6	-95.16	-67.32
Merger & Restructuring Charges	-15.83	-5.46	-4.14	-16.84	-14.83	-1.66
Gain (Loss) on Sale of Assets	122.36	2.37	6.86	-1.6	0.02	-0.01
Asset Writedown	-76.74	-72.34	-0.74	-	-	-
Other Unusual Items	-82.86	-79.74	-64.44	-23.66	-	-4.72
Pretax Income	-235.77	-333.57	-219.68	-206.71	-109.97	-73.71
Income Tax Expense	-39.32	3.31	2.47	4.47	-3.63	-1.98
Earnings From Continuing Operations	-196.45	-336.88	-222.15	-211.17	-106.34	-71.72
Minority Interest in Earnings	42.83	42.42	38.41	33.93	26.47	16.52
Net Income	-153.62	-294.46	-183.74	-177.24	-79.87	-55.2
Net Income to Common	-159.17	-294.46	-183.74	-177.24	-79.87	-55.2
Shares Outstanding (Basic)	113	108	103	103	99	99
Shares Outstanding (Diluted)	113	108	103	103	99	99
Shares Change (YoY)	8.94%	5.11%	0.21%	3.38%	-	-
EPS (Basic)	-1.41	-2.72	-1.78	-1.73	-0.80	-0.56
EPS (Diluted)	-1.41	-2.72	-1.79	-1.73	-0.80	-0.56
Free Cash Flow	-287.76	-98.1	-95.23	-259.83	-202.61	-294.38
Free Cash Flow Per Share	-2.54	-0.91	-0.93	-2.53	-2.04	-2.96
Dividend Per Share	0.120	0.120	0.120	0.060	-	-
Dividend Growth	-	-	100.00%	-	-	-
Gross Margin	31.15%	25.29%	20.84%	20.54%	18.03%	-1.21%
Operating Margin	4.62%	0.71%	-14.12%	-15.57%	-47.17%	-78.09%
Profit Margin	-41.61%	-88.83%	-57.33%	-67.66%	-66.44%	-80.51%
Free Cash Flow Margin	-75.23%	-29.59%	-29.72%	-99.19%	-168.54%	-429.37%
EBITDA	115.39	81.77	35.76	29.95	-2.7	-22.42
EBITDA Margin	30.17%	24.67%	11.16%	11.43%	-2.24%	-32.71%
D&A For EBITDA	97.74	79.41	80.99	70.75	54.02	31.11
EBIT	17.66	2.36	-45.23	-40.8	-56.71	-53.54
EBIT Margin	4.62%	0.71%	-14.12%	-15.57%	-47.17%	-78.09%

Updated May 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q