FIP (FTAI Infrastructure) Operating Income: $52.7 Mil (TTM As of Mar. 2026)


FIP FTAI Infrastructure Inc FIP
64 GF Score
Price $4.95
GF Value $8.51
Valuation Significantly Undervalued
! 5 Warning Signs
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What is FTAI Infrastructure Operating Income?

FTAI Infrastructure FIP +0.71% 64 Operating Income is $52.7 Mil as of Mar. 2026. GuruFocus rates FIP with a GF Score™ of 64/100 and a GF Value™ of $8.51 (Significantly Undervalued). The stock has 5 warning signs investors should review.

FTAI Infrastructure's Operating Income for the three months ended in Mar. 2026 was $9.6 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $52.7 Mil.

Warning Sign:

FTAI Infrastructure Inc had lost money in 67% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. FTAI Infrastructure's Operating Income for the three months ended in Mar. 2026 was $9.6 Mil. FTAI Infrastructure's Revenue for the three months ended in Mar. 2026 was $188.4 Mil. Therefore, FTAI Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 was 5.11%.

FTAI Infrastructure's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FTAI Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 was 0.71%. FTAI Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -3.44%.


FTAI Infrastructure  (NAS:FIP) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

FTAI Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=38.532 * ( 1 - 0% )/( (5410.603 + 5400.807)/ 2 )
=38.532/5405.705
=0.71 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5748.661 - 280.707 - ( 57.351 - max(0, 409.997 - 484.011+57.351))
=5410.603

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5688.532 - 251.87 - ( 37.86 - max(0, 361.722 - 397.577+37.86))
=5400.807

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

FTAI Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-164.804/( ( (4751.834 + max(67.017, 0)) + (4761.915 + max(-1.5849999999999, 0)) )/ 2 )
=-164.804/( ( 4818.851 + 4761.915 )/ 2 )
=-164.804/4790.383
=-3.44 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(95.388 + 1.269 + 305.811) - (280.707 + 0 + 54.744)
=67.017

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.368 + 0.958 + 225.288) - (251.87 + 0 + 73.329)
=-1.5849999999999

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

FTAI Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=9.633/188.364
=5.11 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


FTAI Infrastructure Operating Income Related Terms


FTAI Infrastructure Operating Income Historical Data

* Premium members only.

The historical data trend for FTAI Infrastructure's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTAI Infrastructure Operating Income Chart

FTAI Infrastructure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -56.71 -40.80 -39.49 -21.70 39.51

FTAI Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.55 6.31 23.77 12.97 9.63
FIP
64GF Score
FTAI Infrastructure Inc FIP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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FTAI Infrastructure Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $52.7 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $52.7 Mil mean?
FTAI Infrastructure (FIP) has a Operating Income of $52.7 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on FTAI Infrastructure and its competitors.
Is FTAI Infrastructure's Operating Income too high?
FTAI Infrastructure's current Operating Income is $52.7 Mil. Overall, FTAI Infrastructure has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTAI Infrastructure's Operating Income compare to TRC and FBYD?
FTAI Infrastructure's Operating Income of $52.7 Mil can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Conglomerates company?
A good Operating Income depends on the Conglomerates industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on FTAI Infrastructure and its competitors. FTAI Infrastructure's current Operating Income is $52.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTAI Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, FTAI Infrastructure (FIP) is currently considered Significantly Undervalued. The stock's GF Value™ is $8.51, compared to a current price of $4.95 — trading 41.8% below its estimated fair value. The current Operating Income is $52.7 Mil. FTAI Infrastructure's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For FTAI Infrastructure (FIP), the current Operating Income is $52.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FTAI Infrastructure (FIP) Overvalued in 2026?

Based on GuruFocus' analysis, FTAI Infrastructure stock appears to be undervalued. The current stock price of $4.95 is trading 41.8% below its estimated GF Value™ of $8.51. GuruFocus considers FTAI Infrastructure to be Significantly Undervalued.

Key valuation signals for FIP:

  • Operating Income: $52.7 Mil
  • GF Value™: $8.51 vs. price of $4.95 (41.8% below fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the FIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FTAI Infrastructure Business Description

Address 1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
FTAI Infrastructure Inc is engaged in five segments; Railroad segment, which includes eight freight railroads and one switching company that provide rail service to certain manufacturing and production facilities; the Jefferson Terminal segment, which consists of a multi-modal crude oil and refined products terminal and other related assets; The Repauno segment, which consists of a deep-water port located along the Delaware River with an underground storage cavern, a multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities; Power and Gas segment, which comprised Long Ridge, a multi-modal terminal located along the Ohio River; and Sustainability and Energy Transition segment, which comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.
64GF Score

Get the complete analysis for FIP

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.95
Price
$8.51
GF Value