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FTAI Infrastructure Inc. FIP Railroad — Concentration risk

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Other financials

Income statement

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Revenue$186.8M+52.7%
Net income-$139.4M-99.3%
EPS (diluted)-$1.41-93.2%

Balance sheet

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Cash & equivalents$32.6M-3.0%
Total debt$2.9B-9.0%
Total equity-$329.8M-188%
Total assets$5.7B+30.4%

Cash flow

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Operating cash flow-$69.4M+19.0%
CapEx$82.6M+0.9%
Free cash flow-$43.5M+50.0%

Valuation

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Market cap$508.1M-9.2%
Enterprise value$3.34B-9.1%
P/S0.8×-0.7×

Profitability

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Net margin-71.1%-295pp
FCF margin-48.3%-12.6pp

Returns & leverage

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Return on equity-135.8%+413pp
Debt / equity180.7×+173×
Current ratio0.3×-1.2×

Where this comes from

Reported directly by FTAI Infrastructure Inc. in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The source filing: FTAI Infrastructure Inc.’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001899883-26-000036

Concentration of Credit Risk—We are subject to concentrations of credit risk with respect to amounts due from customers. We attempt to limit our credit risk by performing ongoing credit evaluations. We earned approximately 23% of total revenues for both the three and six months ended June 30, 2026 from one customer in the Railroad segment. Additionally, we earned approximately 8% of total revenues for both the three and six months ended June 30, 2026 from one customer in the Jefferson Terminal segment. We earned approximately 32% and 36%, respectively, of total revenues for the three and six months ended June 30, 2025 from one customer in the Railroad segment. We earned approximately 11% of total revenues for both the three and six months ended June 30, 2025 from one customer in the Jefferson Terminal segment.

Item 1. Unaudited Consolidated Financial Statements of FTAI Infrastructure Inc.:

FAQ

What is FTAI Infrastructure Inc.'s railroad — concentration risk?
FTAI Infrastructure Inc. (FIP) reported railroad — concentration risk of 23% in Q2 2026.
How has FTAI Infrastructure Inc.'s railroad — concentration risk changed year-over-year?
FTAI Infrastructure Inc.'s railroad — concentration risk decreased by 28.1% year-over-year, from 32% to 23%.
What does railroad — concentration risk mean?
Measures the dependency of the railroad segment on a limited number of customers or specific geographic routes. High concentration indicates potential vulnerability to the loss of key contracts or localized economic downturns.

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