FTAI Infrastructure Inc. (FIP) Stock

FTAI Infrastructure Inc. (FIP) is a Industrials stock trading at $3.75 (as of 2026-08-24), with a market capitalization of $443.11M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

FTAI Infrastructure Inc. acquires, develops, and operates infrastructure-related assets and businesses serving customers in transportation and energy. Its operations include crude oil and refined products terminal and deep-water and multi-modal port assets with rail, dock, and related transloading and storage capabilities, as well as freight railroads and a switching facility.

Understand FTAI Infrastructure Inc.: how it makes money

FTAI Infrastructure Inc. acquires, develops, and operates transportation and energy infrastructure assets such as crude oil and refined products terminals, rail-to-ship transloading systems, and large multi-modal ports, and it makes money by operating and earning revenue from those logistics and terminal operations for customers.

Profit drivers are the operating performance of a small set of core transportation and terminal assets, with results tracked through segment-level revenue and Adjusted Earnings Before Interest Taxes Depreciation and Amortization for Four Core Segments.

Revenue by segment (latest quarter)
Rail	$0.1B
Transtar	$0.0B
Wheeling	$0.0B
Jefferson	$0.0B

Business quality (Solid): The business is asset-based (ports, terminals, and rail systems), but the latest reported operating margin is deeply negative (operating_margin_pct -65.7), so investors will likely focus on whether key asset utilization and throughput metrics translate into improving core earnings.

Bull case

Multi-modal logistics footprint: The company operates transportation infrastructure across multiple modes, including a multi-modal crude oil and refined products terminal and rail-to-ship transloading, which can support revenue generation across different customer routing needs.
Operational throughput and utilization can be tracked: The company provides operating metrics such as Jefferson Terminal Average Throughput Barrels per Day and Longridge Power Plant Capacity Factor, giving investors measurable signals tied to how effectively assets are being used.

Bear case

Weak operating profitability in the latest period: The latest reported operating_margin_pct is -65.7, indicating costs and other items are not being covered by operating performance in that period.
Revenue exposure to asset-specific volumes and leasing: Operating metrics include contracted and minimum volumes (for Rapano phases) and items like Jefferson Storage Tanks Off-Lease, which can create downside if volumes or leased capacity decline.

Valuation — source: SEC EDGAR (first-party)
Price	$3.75
Market Cap	$443.11M
Price / Sales	0.81
FCF Yield	-188.8%
DCF Value (model)	$2.11
DCF Upside vs Price	-43.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$502.52M
Net Margin	-30.3%
Revenue Growth (YoY)	51.6%
EPS Growth (YoY)	-17.6%
FCF Growth (YoY)	320.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	-0.07 (distress)

Valuation vs Sector & Industry
Sector P/E (Industrials)	26.0
Industry P/E (Transportation)	17.0

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	WELLINGTON MANAGEMENT GROUP LLP ($60.42M)
Institutional Holders Tracked	10
Congressional Trades (recent)	2

Company
Sector	Industrials
Industry	Transportation
CEO	Kenneth J. Nicholson
Employees	670
Country	US
IPO Date	2022-07-20

Related Companies (Transportation; 8 comparable transport companies)

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.