Ftai Infrastructure Inc. (FIP) intrinsic value & 10-year financials

Ftai Infrastructure Inc. (FIP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 48.9% a year to $502.5M, with an average return on invested capital of -8.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.42
Market cap
$278.8M
Revenue (FY2025)
$502.5M
Revenue growth (7-yr CAGR)
48.9%
ROIC (10-yr avg)
-8.5%
Free cash flow (FY2025)
-$398.5M

FIP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $502.5M -$152.1M -$2.26 -$398.5M — -5.4%
FY2024 $331.5M -$266.1M -$2.72 -$94.8M — -14.4%
FY2023 $320.5M -$159.8M -$1.79 -$93.5M — -8.7%
FY2022 $262.0M -$187.5M -$1.73 -$259.8M — -9.4%
FY2021 $120.2M -$106.3M -$0.80 -$202.6M — -4.8%
FY2020 $68.6M -$71.7M -$0.56 -$294.4M — -8.1%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

FTAI Infrastructure Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

FTAI Infrastructure Inc. has historically struggled to out-earn its cost of capital, averaging just -8.5% ROIC.

FTAI Infrastructure Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, FTAI Infrastructure Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-75.07 per share.

FIP stock: frequently asked questions

What is the intrinsic value of Ftai Infrastructure Inc. (FIP) stock?

Graham's formula only works with positive earnings. Ftai Infrastructure Inc. reported diluted EPS of -$2.26 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Ftai Infrastructure Inc. generate free cash flow?

Ftai Infrastructure Inc. generated -$398.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is FIP's return on invested capital?

Average ROIC over the last 7 fiscal years was -8.5%, and average return on equity was -46.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FIP data come from?

From Ftai Infrastructure Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar railroads, line-haul operating stocks