FIP Stock Analysis: FTAI Infrastructure | NASDAQ

Railroads, Terminals, Power Generation, Renewable Fuels

Total Rating 6

Safety 21

Buy Signal -1.38

Conglomerates
Industry Rotation: -10.7

Market Cap: 303M
Avg Turnover: 3.49M

Risk 3d forecast

Volatility66.3%

VaR 5^th Pctl11.0%

VaR vs Median1.13%

Reward TTM

Sharpe Ratio-0.54

Rel. Str. IBD2.3

Rel. Str. Peer Group2.3 pctl

Character TTM

Beta1.848

Beta Downside2.995

Hurst Exponent0.503

Choppyness44.2%

Drawdowns 3y

Max DD76.41%

CAGR/Max DD-0.01

CAGR/Mean DD-0.03

EPS (Earnings per Share)

Last SUE: -1.27
Qual. Beats: -1

Revenue

Rev. CAGR: 30.03%
Rev. Trend: 90.7%

Last SUE: -0.57
Qual. Beats: 0

Warnings

High Debt/EBITDA With Thin Interest Coverage

High Debt While Negative Cash Flow

Interest Coverage Ratio Critical

Altman Z'' In Financial Distress Zone

Below Avwap Earnings

Below Sma 200d

Tailwinds

No distinct edge detected

Seasonality 4.2 years of data

Jan +8.4% 13

Feb -0.6% 11

Mar -14.7% 18

Apr +8.1% 14

May +9.2% 12

Jun +3.3% 13

Jul -0.8% 0

Aug -7.7% 46

Sep -9.4% 50

Oct -6.0% 12

Nov +0.0% 11

Dec +4.0% 13

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: FIP FTAI Infrastructure

FTAI Infrastructure Inc. (FIP) acquires, develops, and operates infrastructure assets serving the transportation, energy, and industrial products sectors across North America. The company reports through four business segments: Railroad, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition. Headquartered in New York and incorporated in 2021, FIP is a small-cap industrials company that began trading on the Nasdaq in August 2022.

FIPs port and terminal operations are a core part of its business, centered on the Jefferson Terminal and Repauno complex. This includes a 1,630-acre deep-water port on the Delaware River with underground storage caverns, a multipurpose dock, and rail-to-ship transloading capabilities, as well as a 1,660-acre multi-modal port on the Ohio River with rail and dock access and adjacent industrial development land, including a power plant. These facilities support third-party storage and handling of crude oil, refined products, and clean fuels.

In the rail segment, the company owns and operates eight freight railroads and one switching company, providing rail service to manufacturing and production facilities. FIPs rail operations generate revenue by providing essential freight transportation services to industrial customers, a model common among short-line and switching railroads that focus on niche industrial corridors.

Through its Sustainability and Energy Transition segment, FIP pursues growth initiatives in waste-plastic-to-renewable-fuel conversion, hydrogen-fueled power generation, and carbon capture. These activities position the company within the broader energy transition sector, where infrastructure operators are increasingly developing low-carbon fuel and emissions-reduction projects to complement traditional fossil fuel logistics businesses.

Headlines to Watch Out For

Jefferson Terminal throughput drives Ports and Terminals revenue growth
Power and Gas margins expand on contracted capacity
Dividend coverage pressured by Sustainability segment capex needs

Piotroski VR-10 (Strict) 2.0

Net Income: -420.9m TTM > 0 and > 6% of Revenue
FCF/TA: -0.06 > 0.02 and ΔFCF/TA 0.98 > 1.0
NWC/Revenue: -146.6% < 20% (prev 46.08%; Δ -192.7% < -1%)
CFO/TA -0.01 > 3% & CFO -57.5m > Net Income -420.9m
Net Debt (2.80b) to EBITDA (73.2m): 38.22 < 3
Current Ratio: 0.28 > 1.5 & < 3
Outstanding Shares: last quarter (118.2m) vs 12m ago 2.86% < -2%
Gross Margin: 27.52% > 18% (prev 2.53%; Δ 24.99% > 0.5%)
Asset Turnover: 12.98% > 50% (prev 8.68%; Δ 4.30% > 0%)
Interest Coverage Ratio: -0.26 > 6 (EBIT TTM -90.4m / Interest Expense TTM 351.6m)

Altman Z'' -1.48

A: -0.17 (Total Current Assets 367.8m - Total Current Liabilities 1.33b) / Total Assets 5.75b
B: -0.13 (Retained Earnings -754.0m / Total Assets 5.75b)
C: -0.02 (EBIT TTM -90.4m / Avg Total Assets 5.08b)
D: 0.16 (Book Value of Equity 826.1m / Total Liabilities 5.11b)
Altman-Z'' = -1.48 = CCC

Beneish M -2.48

DSRI: 0.74 (Receivables 89.8m/70.9m, Revenue 659.2m/382.5m)
GMI: 0.09 (GM 2.53% / 27.52%)
AQI: 2.82 (AQ_t 0.36 / AQ_t-1 0.13)
SGI: 1.72 (Revenue 659.2m / 382.5m)
TATA: -0.06 (NI -420.9m - CFO -57.5m) / TA 5.75b)
Beneish M = -2.48 (Cap -4..+1) = BBB

What is the price of FIP shares?

As of October 30, 2026, the stock is trading at USD 2.87 with a total of 1,497,908 shares traded. Over the past week, the price has changed by +13.89%, over one month by +1.77%, over three months by -23.47% and over the past year by -44.05%.

Current recommended Stop Loss: 2.60 (which is 9.4% or 1.5 ATR below the current price).

Is FIP a buy, sell or hold?

FTAI Infrastructure has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy FIP.

StrongBuy: 3
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the FIP price?

Analysts Target Price	9.4	228.9%

FTAI Infrastructure (FIP) - Fundamental Data Overview as of 28 October 2026

Market Cap USD = 303.1m (303.1m USD * 1.0 USD.USD)
P/E Forward = 83.3333
P/S = 0.4599
P/B = 28.4271
Revenue TTM = 659.2m USD
EBIT TTM = -90.4m USD
EBITDA TTM = 73.2m USD
Long Term Debt = 2.29b USD (from longTermDebt, last quarter)
Short Term Debt = 487.8m USD (from shortTermDebt, last quarter)
Debt = 2.97b USD (from shortLongTermDebtTotal, last quarter) + Leases 102.5m
Net Debt = 2.80b USD (calculated: Debt 2.97b - CCE 172.6m)
Enterprise Value = 3.10b USD (303.1m + Debt 2.97b - CCE 172.6m)
Interest Coverage Ratio = -0.26 (Ebit TTM -90.4m / Interest Expense TTM 351.6m)
EV/FCF = -9.72x (Enterprise Value 3.10b / FCF TTM -318.9m)
FCF Yield = -10.29% (FCF TTM -318.9m / Enterprise Value 3.10b)
FCF Margin = -48.37% (FCF TTM -318.9m / Revenue TTM 659.2m)
Net Margin = -63.85% (Net Income TTM -420.9m / Revenue TTM 659.2m)
Gross Margin = 27.52% ((Revenue TTM 659.2m - Cost of Revenue TTM 477.8m) / Revenue TTM)
Gross Margin QoQ = 37.18% (prev 36.08%)
Tobins Q-Ratio = 0.54 (Enterprise Value 3.10b / Total Assets 5.75b)
Interest Expense / Debt = 11.84% (Interest Expense 351.6m / Debt 2.97b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -71.4m (EBIT -90.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.28 (Total Current Assets 367.8m / Total Current Liabilities 1.33b)
Debt / Equity = 3.59 (Debt 2.97b / totalStockholderEquity, last quarter 826.1m)
Debt / EBITDA = 38.22 (Net Debt 2.80b / EBITDA 73.2m)
Debt / FCF = -8.77 (negative FCF - burning cash) (Net Debt 2.80b / FCF TTM -318.9m)
Total Stockholder Equity = 817.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -8.29% (Net Income -420.9m / Total Assets 5.75b)
RoE = -51.47% (Net Income TTM -420.9m / Total Stockholder Equity 817.7m)
RoCE = -2.91% (EBIT -90.4m / Capital Employed (Equity 817.7m + L.T.Debt 2.29b))
RoIC = -1.47% (negative operating profit) (NOPAT -71.4m / Invested Capital 4.87b)
WACC = 9.59% (E(303.1m)/V(3.27b) * Re(11.84%) + D(2.97b)/V(3.27b) * Rd(11.84%) * (1-Tc(0.21)))
Discount Rate = 11.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 76.97 | Cagr: 5.75%
[DCF] Fair Price = unknown (Cash Flow -318.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.27 | # QB: -1
Revenue Correlation: 90.66 | Revenue CAGR: 30.03% | SUE: -0.57 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.55 | Chg30d=-30.95% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=-3.83 | Chg30d=-4.93% | Revisions=-40% | GrowthEPS=-71.1% | GrowthRev=+45.3%
EPS next Year (2027-12-31): EPS=-1.26 | Chg30d=+0.40% | Revisions=-25% | GrowthEPS=+67.1% | GrowthRev=+21.9%
[Analyst] Revisions Ratio: -57% (up=0, down=4)