FTAI Infrastructure (FIP)
Market Price (3/30/2026): $4.845 | Market Cap: $563.5 MilSector: Industrials | Industry: Industrial Conglomerates
FTAI Infrastructure (FIP)
Market Price (3/30/2026): $4.845Market Cap: $563.5 MilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% | Weak multi-year price returns2Y Excs Rtn is -40% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 675% |
| Attractive yieldDividend Yield is 2.5% | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -79% |
| Megatrend and thematic driversMegatrends include Future of Freight, Renewable Energy Transition, and US Energy Independence. Themes include Freight Technology, Show more. | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% | |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 17.28 | ||
| Key risksFIP key risks include [1] high leverage and poor financial health, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% |
| Attractive yieldDividend Yield is 2.5% |
| Megatrend and thematic driversMegatrends include Future of Freight, Renewable Energy Transition, and US Energy Independence. Themes include Freight Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -40% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 675% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -79% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -21% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 17.28 |
| Key risksFIP key risks include [1] high leverage and poor financial health, Show more. |
Qualitative Assessment
AI Analysis | Feedback
FTAI Infrastructure (FIP) stock has gained about 15% since 11/30/2025 because of the following key factors:
1. FTAI Infrastructure reported strong adjusted EBITDA growth and a positive outlook for future earnings. The company achieved a record quarterly adjusted EBITDA of $80.2 million in Q4 2025, significantly up from $29.2 million in Q4 2024. Furthermore, management highlighted an adjusted EBITDA exit run-rate of over $320 million annually at year-end, driven by key strategic initiatives.
2. Strategic acquisitions and new contract wins have bolstered revenue and future growth prospects. The successful integration of the Wheeling & Lake Erie acquisition contributed $19.3 million to Q4 2025 adjusted EBITDA, a 34% year-over-year increase. Additionally, the Jefferson terminal experienced a new quarterly revenue record, primarily due to the commencement of a new ammonia export contract in late November 2025.
Show more
1. FTAI Infrastructure reported strong adjusted EBITDA growth and a positive outlook for future earnings. The company achieved a record quarterly adjusted EBITDA of $80.2 million in Q4 2025, significantly up from $29.2 million in Q4 2024. Furthermore, management highlighted an adjusted EBITDA exit run-rate of over $320 million annually at year-end, driven by key strategic initiatives.
2. Strategic acquisitions and new contract wins have bolstered revenue and future growth prospects. The successful integration of the Wheeling & Lake Erie acquisition contributed $19.3 million to Q4 2025 adjusted EBITDA, a 34% year-over-year increase. Additionally, the Jefferson terminal experienced a new quarterly revenue record, primarily due to the commencement of a new ammonia export contract in late November 2025.
Show more
Stock Movement Drivers
Fundamental Drivers
The 13.7% change in FIP stock from 11/30/2025 to 3/29/2026 was primarily driven by a 14.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.26 | 4.84 | 13.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 440 | 503 | 14.3% |
| P/S Multiple | 1.1 | 1.1 | 0.2% |
| Shares Outstanding (Mil) | 116 | 116 | -0.6% |
| Cumulative Contribution | 13.7% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| FIP | 13.7% | |
| Market (SPY) | -5.3% | 45.1% |
| Sector (XLI) | 3.9% | 47.7% |
Fundamental Drivers
The 2.1% change in FIP stock from 8/31/2025 to 3/29/2026 was primarily driven by a 31.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.74 | 4.84 | 2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 383 | 503 | 31.4% |
| P/S Multiple | 1.4 | 1.1 | -21.3% |
| Shares Outstanding (Mil) | 115 | 116 | -1.2% |
| Cumulative Contribution | 2.1% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| FIP | 2.1% | |
| Market (SPY) | 0.6% | 41.0% |
| Sector (XLI) | 5.5% | 47.5% |
Fundamental Drivers
The -14.6% change in FIP stock from 2/28/2025 to 3/29/2026 was primarily driven by a -40.1% change in the company's P/S Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.67 | 4.84 | -14.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 332 | 503 | 51.3% |
| P/S Multiple | 1.9 | 1.1 | -40.1% |
| Shares Outstanding (Mil) | 110 | 116 | -5.7% |
| Cumulative Contribution | -14.6% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| FIP | -14.6% | |
| Market (SPY) | 9.8% | 43.6% |
| Sector (XLI) | 18.4% | 47.1% |
Fundamental Drivers
The 68.0% change in FIP stock from 2/28/2023 to 3/29/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.88 | 4.84 | 68.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 503 | 0.0% |
| P/S Multiple | � | 1.1 | 0.0% |
| Shares Outstanding (Mil) | 99 | 116 | -14.7% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| FIP | 68.0% | |
| Market (SPY) | 69.4% | 41.0% |
| Sector (XLI) | 65.1% | 45.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FIP Return | - | 12% | 37% | 89% | -35% | 13% | 113% |
| Peers Return | 28% | 1% | 10% | 24% | 13% | 12% | 122% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| FIP Win Rate | - | 80% | 50% | 67% | 42% | 33% | |
| Peers Win Rate | 58% | 48% | 50% | 58% | 60% | 73% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| FIP Max Drawdown | - | -17% | -19% | -10% | -55% | 0% | |
| Peers Max Drawdown | -3% | -17% | -13% | -7% | -9% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KMI, WMB, UNP, CSX, NSC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | FIP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -35.6% | -25.4% |
| % Gain to Breakeven | 55.3% | 34.1% |
| Time to Breakeven | 102 days | 464 days |
Compare to KMI, WMB, UNP, CSX, NSC
In The Past
FTAI Infrastructure's stock fell -35.6% during the 2022 Inflation Shock from a high on 1/20/2023. A -35.6% loss requires a 55.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About FTAI Infrastructure (FIP)
N/A
AI Analysis | Feedback
```html1. Kinder Morgan for ports, rail, and energy terminals.
2. Prologis for critical transportation infrastructure.
```AI Analysis | Feedback
- Railroad Operations: Owns and operates short-line railroads across the United States, providing rail transportation and related services.
- Ports & Terminals: Operates a portfolio of ports and intermodal terminals, facilitating freight movement and industrial development.
- Energy Infrastructure: Manages natural gas processing facilities, primarily focused on midstream energy services.
AI Analysis | Feedback
Major Customers of FTAI Infrastructure (FIP)
FTAI Infrastructure Inc. (FIP) operates a portfolio of infrastructure assets across various segments, including Ports & Terminals, Rail, and Broadband. As such, the company primarily serves other businesses rather than individual consumers.
While FTAI Infrastructure does not publicly disclose the names of its individual major customers (as no single customer typically accounts for a material percentage of its total revenue, according to its SEC filings), its customer base primarily consists of companies within the following categories, utilizing its diverse infrastructure assets:
- Freight Railroads and Logistics Providers: These companies utilize FIP's rail lines and port facilities for the transportation, storage, and transfer of goods. This category includes Class I railroads, regional and shortline railroads, and various shipping and logistics companies that rely on intermodal and bulk handling capabilities.
- Industrial, Manufacturing, and Energy Companies: Businesses across a range of heavy industries, manufacturing, agriculture, and energy sectors that leverage FIP's infrastructure. They use port facilities for importing and exporting raw materials and finished goods, and industrial sites for their operational needs.
- Telecommunications Carriers and Internet Service Providers (ISPs): These entities are the primary customers for FIP's broadband segment. They lease fiber optic infrastructure from FIP to deliver internet, data, and communication services to their own end-users and enterprise clients. This category also includes wireless communication providers.
AI Analysis | Feedback
nullAI Analysis | Feedback
Kenneth J. Nicholson Chief Executive Officer and President
Mr. Nicholson has served as Chief Executive Officer and President of FTAI Infrastructure since the company's spin-off in August 2022. He joined Fortress in May 2006 and is currently a Managing Director at the firm. With over 30 years of experience, Mr. Nicholson has concentrated on companies and investments within the transportation, infrastructure, and energy sectors. He previously served on the board of directors for FTAI Aviation Ltd. (Nasdaq: FTAI) from May 2016 to May 2024. Prior to his tenure at Fortress, Mr. Nicholson worked in investment banking at UBS Investment Bank and Donaldson, Lufkin & Jenrette, where he was a member of the transportation industry group. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, where Mr. Nicholson is a Managing Director, indicating a pattern of managing companies connected to a global investment firm with a private equity group. He holds a B.S. in Economics from the Wharton School at the University of Pennsylvania.Buck Fletcher Chief Financial Officer and Chief Accounting Officer
Mr. Fletcher was appointed Chief Financial Officer and Chief Accounting Officer of FTAI Infrastructure effective March 24, 2025. He also serves as a Managing Director at Fortress, focusing on investments in the transportation, infrastructure, and energy industries. Before joining Fortress in February 2025, Mr. Fletcher held various leadership roles at Onyx Renewable Partners, including Co-Chief Executive Officer, Chief Financial Officer, and SVP of Strategy. His prior experience also includes working at The Blackstone Group, Portfolio Advisors, and Bank of America Merrill Lynch. His roles at Fortress and The Blackstone Group suggest a pattern of managing companies backed by private equity firms. He earned a B.A. in History from Washington & Lee University and an M.B.A. from Duke University's Fuqua School of Business.Alan Andreini Head of Investor Relations
Mr. Andreini is responsible for investor relations for both FTAI Infrastructure (FIP) and FTAI Aviation (FTAI). With over 30 years in the corporate finance industry, he has a track record of leading and building public and private companies to achieve significant returns for investors and stakeholders. Mr. Andreini's background includes deal structuring, investment management (encompassing hedge funds and private equity), trading, and expertise in B2B and B2C e-commerce for both established and emerging companies. He is currently a Managing Director at Fortress Investment Group. Mr. Andreini holds a B.A. in Political Science and Government from Princeton University and a J.D. from Rutgers Law School.Joseph P. Adams, Jr. Chairman of the Board of Directors
Mr. Adams serves as the Chairman of the Board of Directors for FTAI Infrastructure. He has also been the Chief Executive Officer and a board member of FTAI Aviation Ltd. (Nasdaq: FTAI) since May 2015, becoming Chairman of the FTAI Board in May 2016. Mr. Adams is a member of the Management Committee of Fortress and a Managing Director within the Private Equity Group at Fortress. His past board directorships include Seacastle, Inc., SeaCube Container Leasing Ltd., Aircastle Limited, and RailAmerica Inc.Kevin Krieger Secretary
Mr. Krieger holds the position of Secretary for FTAI Infrastructure.AI Analysis | Feedback
Key Risks to FTAI Infrastructure (FIP)
FTAI Infrastructure (FIP) faces several significant risks, primarily stemming from its financial structure and operational performance. The most prominent risks include high financial leverage, inconsistent profitability, and substantial refinancing and execution challenges.
The most significant risk to FTAI Infrastructure is its **high financial leverage and associated liquidity concerns**. The company is described as heavily indebted, with a high debt-to-equity ratio and weak interest coverage. This substantial debt load raises concerns about the company's financial stability and its ability to meet debt obligations, potentially leading to a liquidity crisis.
Secondly, FTAI Infrastructure is exposed to **inconsistent profitability and operational challenges**. The company has a history of widening losses, negative operating and net margins, and has not been consistently profitable, with expectations of continued unprofitability for at least the next three years. These financial issues, coupled with an inconsistent revenue growth, pose significant risks to the company's long-term stability and the sustainability of its growth objectives.
Lastly, the company faces considerable **refinancing and execution risks**. With significant debt maturities through 2026 and a complex capital structure, FTAI Infrastructure is susceptible to refinancing difficulties, especially in an uncertain economic and capital markets environment. Additionally, there are concerns regarding the successful integration of recent acquisitions and the realization of targeted synergies, which are critical for future earnings growth and financial performance. The company's management has also reportedly failed to achieve growth objectives in the past.
AI Analysis | Feedback
nullAI Analysis | Feedback
For FTAI Infrastructure (FIP), the addressable markets for their main products and services are substantial and span across several key infrastructure sectors, primarily in North America and globally. FTAI Infrastructure invests in and operates assets across four strategic business units: Railroad, Ports and Terminals, Power and Gas, and Sustainability and Energy Transition.
- Railroad and Ports & Terminals: These segments fall under the broader transportation infrastructure market. The North America Transportation Infrastructure Market was valued at approximately US$ 211.8 billion in 2023 and is projected to reach US$ 288.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.5%. More specifically, the North America Transportation Infrastructure Construction Market is estimated at USD 300.37 billion in 2026, with projections to reach USD 375.44 billion by 2031, at a 4.56% CAGR. Globally, the transportation infrastructure segment accounted for 37.1% of revenue in the infrastructure construction market in 2025 and is expected to grow at a 6.92% CAGR through 2031.
- Power and Gas & Sustainability and Energy Transition: These segments align with the global sustainable infrastructure market and the broader utilities infrastructure market. The global sustainable infrastructure market was valued at USD 58.55 billion in 2024 and is projected to reach USD 405.08 billion by 2034, demonstrating a significant CAGR of 21.34% from 2025 to 2034. Within this, renewable infrastructure held the largest market share in 2024 at 35%. The global infrastructure sector market, which includes utilities infrastructure, was approximately USD 2.56 trillion in 2023 and is predicted to grow to about USD 4.69 trillion by 2033, with a CAGR of 6.24% between 2023 and 2033.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for FTAI Infrastructure (FIP) over the next 2-3 years:- Rail Segment Expansion and Synergy Realization: FTAI Infrastructure anticipates significant revenue growth from its rail segment, particularly through the continued integration and realization of synergies from the acquired Wheeling & Lake Erie Railway Company (W&LE). The company expects over $50 million of incremental EBITDA potential from combined-rail system revenue initiatives, including increased volumes and new propane carloads. Furthermore, FTAI Infrastructure is actively pursuing four additional rail mergers and acquisitions (M&A) opportunities that are good fits for its existing rail business.
- Jefferson Terminal Contract Wins and Volume Growth: The Jefferson Terminal is poised for revenue growth driven by new and expanded contracts. Recent record revenues were fueled by the start-up of a new ammonia export contract, and the company is in advanced negotiations for three additional contracts with existing customers to handle conventional crude, refined products, and renewable fuels. These opportunities are expected to increase product flow through the terminal as customers invest in increasing production and market reach at their nearby facilities.
- Long Ridge Power and Gas Optimization and Upgrades: The Long Ridge Power and Gas segment is expected to contribute to revenue growth through continued sales of excess gas production. Additionally, a 20-megawatt upgrade in power generation is advancing, projected to add $5 million to $10 million of annual EBITDA. The company also notes momentum from opportunities such as potential datacenter developments at Long Ridge.
- Repauno Terminal Development and Contract Utilization: Revenue growth is expected from the Repauno terminal as it advances with development permits in hand for Phase 3. The multi-year contract for transloading natural gas liquids is now generating positive EBITDA, indicating ongoing revenue contributions from this asset.
AI Analysis | Feedback
Share Issuance
- FTAI Infrastructure's shares outstanding generally increased from 0.099 billion in Q3 2021 to 0.116 billion in Q3 2025.
- In Q3 2025, the company reported 116 million shares outstanding, which was an increase of 1.0% from the preceding quarter.
Outbound Investments
- In February 2025, FTAI Infrastructure Inc. acquired the remaining 49.9% equity interest in Long Ridge Energy & Power LLC.
- FTAI Infrastructure made a $1 billion acquisition of The Wheeling Corporation, an investment anticipated to contribute $200 million in EBITDA by 2026.
Capital Expenditures
- In Q3 2025, FTAI Infrastructure invested $66.3 million in capital expenditures, focusing on long-term assets and infrastructure.
- Capital expenditures for a recent period amounted to $79.5 million.
- The primary focus of capital expenditures supports its diverse infrastructure segments, including railroads, the Jefferson Terminal, the Repauno port, power and gas assets, and sustainability and energy transition projects.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| FTAI Infrastructure Earnings Notes | 12/16/2025 | |
| Is FTAI Infrastructure Stock Built to Withstand More Downside? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to FIP.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 56.62 |
| Mkt Cap | 74.7 |
| Rev LTM | 13,136 |
| Op Inc LTM | 4,660 |
| FCF LTM | 1,934 |
| FCF 3Y Avg | 2,375 |
| CFO LTM | 5,256 |
| CFO 3Y Avg | 5,364 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.6% |
| Rev Chg 3Y Avg | -1.0% |
| Rev Chg Q | 6.2% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 35.2% |
| Op Mgn 3Y Avg | 35.9% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 35.4% |
| CFO/Rev 3Y Avg | 36.3% |
| FCF/Rev LTM | 14.6% |
| FCF/Rev 3Y Avg | 18.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 74.7 |
| P/S | 5.2 |
| P/EBIT | 15.1 |
| P/E | 23.4 |
| P/CFO | 14.9 |
| Total Yield | 5.3% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.5% |
| 3M Rtn | 5.6% |
| 6M Rtn | 14.3% |
| 12M Rtn | 25.2% |
| 3Y Rtn | 63.5% |
| 1M Excs Rtn | -0.4% |
| 3M Excs Rtn | 13.1% |
| 6M Excs Rtn | 20.4% |
| 12M Excs Rtn | 12.1% |
| 3Y Excs Rtn | 20.0% |
Price Behavior
Price Behavior
| Market Price | $4.84 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 08/02/2022 | |
| Distance from 52W High | -31.3% | |
| 50 Days | 200 Days | |
| DMA Price | $5.70 | $5.32 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -15.1% | -9.1% |
| 3M | 1YR | |
| Volatility | 71.5% | 74.6% |
| Downside Capture | 1.69 | 1.43 |
| Upside Capture | 390.87 | 174.71 |
| Correlation (SPY) | 51.9% | 44.7% |
FIP Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.02 | 2.88 | 2.65 | 2.26 | 1.64 | 1.57 |
| Up Beta | 5.70 | 4.68 | 4.63 | 2.71 | 1.77 | 1.52 |
| Down Beta | 3.24 | 2.70 | 2.20 | 2.20 | 1.51 | 1.71 |
| Up Capture | 428% | 391% | 393% | 289% | 190% | 376% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 23 | 34 | 62 | 116 | 361 |
| Down Capture | 330% | 142% | 130% | 178% | 134% | 109% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 10 | 17 | 25 | 59 | 130 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIP | |
|---|---|---|---|---|
| FIP | 0.6% | 74.4% | 0.32 | - |
| Sector ETF (XLI) | 20.5% | 19.2% | 0.84 | 48.2% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 44.7% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 10.1% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 24.6% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 39.8% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 33.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIP | |
|---|---|---|---|---|
| FIP | 14.8% | 59.2% | 0.55 | - |
| Sector ETF (XLI) | 12.3% | 17.2% | 0.56 | 43.8% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 39.5% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 7.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 19.4% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 33.2% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FIP | |
|---|---|---|---|---|
| FIP | 7.2% | 59.2% | 0.55 | - |
| Sector ETF (XLI) | 13.0% | 19.8% | 0.58 | 43.8% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 39.5% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 7.7% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 19.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 33.2% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/30/2025 | 4.5% | 0.8% | -12.9% |
| 8/7/2025 | -20.2% | -24.2% | -34.9% |
| 2/28/2025 | -8.6% | -13.5% | -21.9% |
| 10/30/2024 | -5.5% | 5.9% | 1.6% |
| 8/2/2024 | -2.0% | -9.9% | -0.6% |
| 2/29/2024 | 10.0% | 13.3% | 40.6% |
| 10/26/2023 | -2.5% | 0.3% | 16.6% |
| 7/25/2023 | -0.3% | 1.2% | 0.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 3 | 6 | 6 |
| # Negative | 8 | 5 | 5 |
| Median Positive | 7.5% | 3.5% | 17.3% |
| Median Negative | -3.5% | -9.9% | -12.9% |
| Max Positive | 10.0% | 13.3% | 40.6% |
| Max Negative | -20.2% | -24.2% | -34.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/16/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/25/2022 | 10-Q |
| 03/31/2022 | 07/12/2022 | 10-12B/A |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Fletcher, Carl Russell Iv | CFO and CAO | Direct | Buy | 8212025 | 4.48 | 10,000 | 44,800 | 134,400 | Form |
| 2 | Fletcher, Carl Russell Iv | Chief Financial Officer | Direct | Buy | 5232025 | 5.33 | 20,000 | 106,600 | 106,600 | Form |
| 3 | Nicholson, Kenneth J | CEO and President | Direct | Buy | 5222025 | 5.22 | 500,000 | 2,610,000 | 5,682,398 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.