FTAI Infrastructure Inc.
FTAI Infrastructure Inc.’s revenue for fiscal 2025 (year ended December 2025) was $502.5 million, up 51.6% from fiscal 2024. In the quarter to June 2026, revenue grew 52.7%, EPS fell 93.2%, free cash flow grew 49.3% and total debt fell 10.4%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
Follow FIP
FTAI Infrastructure Inc. (FIP) Piotroski F-score
FTAI Infrastructure Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2024.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 1.00 |
| FY2024 | 2 | (1.00) |
| FY2023 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (6.41%) | (12.39%) | Fail | 0 |
| Positive operating cash flow | (118.01m) | (15.28m) | Fail | 0 |
| Rising return on assets | (6.41%) | (12.39%) | Pass | 1 |
| Cash flow above net income | 142.40m | 279.18m | Pass | 1 |
| Falling long-term leverage | 0.91 | 0.65 | Fail | 0 |
| Rising current ratio | 1.18 | 0.88 | Pass | 1 |
| No new shares issued | 115,215,000 | 108,218,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.12 | 0.14 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| RCMT RCM Technologies, Inc. compare | 8 |
| TRC Tejon Ranch Co compare | 6 |
| MATW Matthews International Corporation compare | 5 |
| TUSK Mammoth Energy Services, Inc. compare | 5 |
| BOC Boston Omaha Corporation compare | 5 |
| MAMK MaxsMaking Inc. compare | 4 |
| FIP FTAI Infrastructure Inc. | 3 |
| NNBR NN, Inc. compare | 2 |
| TMS Live Oak Acquisition Corp. V compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover