FTAI Infrastructure Inc. (FIP) Key Metrics
FIP valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $286.0M
- Enterprise value
- $4.38B
- P/E (TTM)
- —
- Forward P/E
- 83.3
- PEG ratio
- —
- Price / sales
- 0.4 10-yr median 1.2
- Price / book
- 28.4 10-yr median 0.5
- EV / EBITDA
- 57.9
- Dividend yield
- 4.96% $0.12 a year
- Beta
- 1.93
FIP key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFIP valuation Price multiples at each fiscal year-end price.
FIP returns How much profit the business earns on the capital it uses.
FIP per-share figures Results divided by the shares outstanding at year-end.
FIP financial health Debt, liquidity and how easily interest is covered.
FIP efficiency & capital use Working capital cycle and where the cash goes.
FIP valuation history
FIP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FIP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FIP cash returned to shareholders
FIP price vs earnings per share
FIP key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $531.1M | $785.7M | $400.5M | $293.4M | — | — | — |
| Enterprise value | $4.13B | $2.41B | $1.78B | $1.56B | — | — | — |
| Price / sales | 1.1 | 2.4 | 1.2 | 1.1 | — | — | — |
| Price / book | 0.5 | 1.3 | 0.5 | 0.4 | — | — | — |
| Price / operating cash flow | — | — | 72.6 | — | — | — | — |
| EV / sales | 8.2 | 7.3 | 5.6 | 5.9 | — | — | — |
| EV / EBITDA | 17.0 | — | 76.4 | — | — | — | — |
| Earnings yield | −20.2% | −28.5% | −30.3% | −52.4% | — | — | — |
| Free cash flow yield | −75.2% | −12.5% | −23.8% | −88.6% | — | — | — |
| Dividend yield | 2.6% | 3.5% | 3.5% | 1.7% | — | — | — |
| Shareholder yield (dividends + buybacks) | 86.8% | 3.5% | 3.5% | 1.7% | — | — | — |
| Share price at fiscal year-end | $4.61 | $7.26 | $3.89 | $2.95 | — | — | — |
| Per share | |||||||
| Revenue per share | $4.36 | $3.06 | $3.11 | $2.63 | $1.21 | $0.69 | $2.31 |
| Earnings per share | −$0.93 | −$2.07 | −$1.18 | −$1.54 | −$0.81 | −$0.56 | $0.06 |
| Operating cash flow per share | −$1.02 | −$0.14 | $0.05 | −$0.43 | −$0.62 | −$0.47 | −$0.53 |
| Free cash flow per share | −$3.47 | −$0.91 | −$0.92 | −$2.61 | −$2.04 | −$2.97 | −$3.79 |
| Cash per share | $2.83 | $0.26 | $0.29 | $0.37 | $0.50 | $0.16 | $0.07 |
| Book value per share | $9.65 | $5.40 | $7.86 | $8.21 | $14.74 | $9.81 | $7.35 |
| Tangible book value per share | $6.10 | $2.42 | $4.68 | $4.99 | $11.47 | $8.44 | $5.95 |
| Dividends per share | $0.12 | $0.26 | $0.14 | $0.05 | $0.05 | $0.05 | $0.05 |
| Capex per share | $2.44 | $0.77 | $0.98 | $2.18 | $1.42 | $2.50 | $3.26 |
| Debt per share | $34.07 | $15.30 | $13.70 | $13.08 | $7.95 | $3.42 | $2.96 |
| Shares outstanding | 115.2M | 108.2M | 103.0M | 99.4M | 99.2M | 99.2M | 99.2M |
| Change in shares outstanding | +6.5% | +5.1% | +3.5% | +0.3% | 0.0% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −12.6% | −32.1% | −14.9% | −13.5% | −6.6% | −6.5% | 0.9% |
| Return on invested capital (ROIC) | 0.9% | −0.8% | −1.5% | −1.5% | −2.6% | −3.7% | −4.4% |
| Return on assets (ROA) | −2.6% | −9.4% | −5.0% | −6.2% | −4.2% | −4.3% | 0.6% |
| Return on tangible assets | −2.0% | −10.9% | −5.9% | −7.1% | −3.8% | −4.4% | 0.6% |
| Free cash flow margin | −79.5% | −29.6% | −29.7% | −99.2% | −168.5% | −429.4% | −163.7% |
| Income quality (OCF / net income) | — | — | — | — | — | — | −8.19 |
| Financial health | |||||||
| Total debt | $3.93B | $1.66B | $1.41B | $1.30B | $789.0M | $339.4M | $293.3M |
| Cash & short-term investments | $325.9M | $27.8M | $29.4M | $36.5M | $49.9M | $15.7M | $6.5M |
| Net debt | $3.60B | $1.63B | $1.38B | $1.26B | $739.2M | $323.7M | $286.8M |
| Debt / equity | 3.53 | 2.84 | 1.74 | 1.59 | 0.54 | 0.35 | 0.40 |
| Debt / assets | 0.68 | 0.70 | 0.59 | 0.52 | 0.32 | 0.24 | 0.25 |
| Net debt / EBITDA | 14.81 | — | 59.24 | — | — | — | 5.28 |
| Current ratio | 0.25 | 0.88 | 1.23 | 1.74 | 3.19 | 1.03 | 0.18 |
| Quick ratio | 0.25 | 0.88 | 1.23 | 1.03 | 1.24 | 1.02 | 0.16 |
| Interest coverage | 0.1 | -0.2 | -0.4 | -0.8 | -3.5 | -5.0 | -4.9 |
| Working capital | −$1.47B | −$30.9M | $34.9M | $118.2M | $283.5M | $2.2M | −$184.8M |
| Invested capital | $4.71B | $2.21B | $2.19B | $2.08B | $2.20B | $1.30B | $1.02B |
| Tangible asset value | $535.1M | $134.8M | $410.1M | $468.9M | $1.14B | $859.6M | $626.7M |
| Net current asset value | −$4.32B | −$1.70B | −$1.46B | −$1.41B | −$567.3M | −$319.1M | −$347.3M |
| Graham number | — | — | — | — | — | — | $3.28 |
| Graham net-net per share | −$38.25 | −$17.10 | −$15.25 | −$15.59 | −$7.73 | −$3.87 | −$3.71 |
| Capital allocation | |||||||
| Dividends paid | $13.8M | $27.8M | $14.1M | $4.9M | $4.9M | $4.9M | $4.9M |
| Share buybacks (net) | $447.1M | $0 | $0 | $0 | — | — | — |
| Dividend payout ratio | — | — | — | — | — | — | 76.5% |
| Capex / revenue | 56.0% | 25.0% | 31.4% | 82.9% | 117.2% | 361.0% | 140.8% |
| Capex / operating cash flow | — | — | 1,827.4% | — | — | — | — |
| Capex / depreciation | 2.12 | 1.04 | 1.24 | 3.07 | 2.61 | 7.96 | 9.75 |
| Stock-based compensation / revenue | 2.2% | 2.6% | 2.9% | 1.6% | 3.4% | 3.4% | 0.7% |
| SG&A / revenue | 3.2% | 4.5% | 4.0% | 9.1% | 7.3% | 12.4% | 10.5% |
| Efficiency | |||||||
| Days sales outstanding | 54.0 | 60.2 | 66.5 | 77.4 | 83.9 | 53.0 | 23.8 |
| Days of inventory on hand | 0.6 | 0.5 | 59.6 | 228.3 | 273.5 | 9.2 | 6.6 |
| Days payables outstanding | 186.7 | 226.4 | 138.2 | 154.9 | 182.2 | 206.3 | 89.4 |
| Cash conversion cycle (days) | -132.1 | -165.7 | -12.1 | 150.8 | 175.2 | -144.1 | -59.1 |
| Receivables turnover | 6.76 | 6.06 | 5.49 | 4.72 | 4.35 | 6.89 | 15.35 |
| Payables turnover | 1.95 | 1.61 | 2.64 | 2.36 | 2.00 | 1.77 | 4.08 |
| Inventory turnover | 565.56 | 810.72 | 6.12 | 1.60 | 1.33 | 39.85 | 55.46 |
| Asset turnover | 0.12 | 0.14 | 0.13 | 0.11 | 0.06 | 0.05 | 0.20 |
| Average receivables | $74.4M | $54.7M | $58.4M | $55.6M | $27.6M | $10.0M | $14.9M |
| Average payables | $228.6M | $153.6M | $131.5M | $123.9M | $84.0M | $64.2M | $76.1M |
| Average inventory | $790,000 | $305,500 | $56.7M | $182.6M | $126.0M | $2.9M | $5.6M |
| Intangibles / total assets | 7.1% | 13.5% | 13.8% | 12.9% | 13.3% | 9.7% | 12.1% |
Computed from FIP's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FIP valuation and financial ratios
FTAI Infrastructure earned a return on equity of −12.6% and a return on invested capital of 0.9% in fiscal 2025. It ended the year with $3.9 billion of debt and $325.9 million in cash and short-term investments, net debt of $3.6 billion. It returned $461.0 million to shareholders: $13.8 million in dividends and $447.1 million in share buybacks. The share count rose 16.2% from 99.2M to 115.2M over 6 years.
See the FIP income statement, the FIP chart for price history, or the FIP stock overview for the latest quote and news.
FIP key metrics FAQ
What is FTAI Infrastructure's EV/EBITDA?
FTAI Infrastructure's enterprise value was 17.0 times EBITDA at the end of fiscal 2025 (enterprise value $4.1 billion, EBITDA $243.0 million); the current EV/EBITDA is 57.9.
What is FTAI Infrastructure's return on equity?
FTAI Infrastructure's return on equity (ROE) was −12.6% in fiscal 2025: net income of -$107.2 million on average shareholders' equity of $847.7 million.
What is FTAI Infrastructure's ROIC?
FTAI Infrastructure's return on invested capital was 0.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does FTAI Infrastructure have?
FTAI Infrastructure had total debt of $3.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 3.53 and $3.6 billion of net debt (14.81 times EBITDA).
What is FTAI Infrastructure's dividend yield?
FTAI Infrastructure's forward dividend yield is 4.96%. FTAI Infrastructure paid $13.8 million in dividends in fiscal 2025 ($0.12 per share), a payout ratio of —.
Does FTAI Infrastructure buy back its shares?
Yes. FTAI Infrastructure spent $447.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +6.5% over the year, to 115.2M..
What is FTAI Infrastructure's free cash flow yield?
FTAI Infrastructure generated -$399.3 million of free cash flow in fiscal 2025, a free cash flow yield of −75.2% on its market value at year-end ($531.1 million).
What is FTAI Infrastructure's current ratio?
FTAI Infrastructure's current ratio was 0.25 at the end of fiscal 2025: current assets were 0.25 times current liabilities.