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FTAI Infrastructure vs Union Pacific: revenue, profit, margins and growth compared

FTAI Infrastructure brought in $502.5M of revenue in fiscal 2025, Union Pacific $24.5B in fiscal 2025. Revenue changed by +51.6% at FTAI Infrastructure and +1.1% at Union Pacific on the year before, so FTAI Infrastructure grew faster. FTAI Infrastructure kept -41.3% of its revenue as net profit, Union Pacific 29.1%. Free cash flow was -$398.5M at FTAI Infrastructure and $5.5B at Union Pacific.

Side by side, latest fiscal year

FIPUNP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$502.5M$24.5B
Revenue growth+51.6%+1.1%
Net income-$207.4M$7.1B
Net margin-41.3%29.1%
Free cash flow-$398.5M$5.5B
Free cash flow margin-79.3%22.4%
Earnings per share (diluted)-$2.26$11.98
Cash$57.4M$1.3B
Debt$3.8B$31.8B
Price to earningsn/a22.9
Market value$369.3M$162.7B
Dividend yieldn/a1.99%
Rank by revenue in sector#321 of 451 · Industrials#28 of 451 · Industrials

Over the years

Revenue
FIP FY2020: $68.6MFIP FY2022: $120.2MFIP FY2022: $262MFIP FY2023: $320.5MFIP FY2024: $331.5MFIP FY2025: $502.5MUNP FY2018: $22.8BUNP FY2019: $21.7BUNP FY2020: $19.5BUNP FY2021: $21.8BUNP FY2022: $24.9BUNP FY2023: $24.1BUNP FY2024: $24.3BUNP FY2025: $24.5BFY18FY19FY20FY21FY22FY23FY24FY25
FIP $502.5MUNP $24.5B
Net income
FIP FY2020: -$55.2MFIP FY2022: -$79.9MFIP FY2022: -$177.2MFIP FY2023: -$183.7MFIP FY2024: -$294.5MFIP FY2025: -$207.4MUNP FY2018: $6BUNP FY2019: $5.9BUNP FY2020: $5.3BUNP FY2021: $6.5BUNP FY2022: $7BUNP FY2023: $6.4BUNP FY2024: $6.7BUNP FY2025: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25
FIP -$207.4MUNP $7.1B
Net margin
FIP FY2020: -80.5%FIP FY2022: -66.4%FIP FY2022: -67.7%FIP FY2023: -57.3%FIP FY2024: -88.8%FIP FY2025: -41.3%UNP FY2018: 26.1%UNP FY2019: 27.3%UNP FY2020: 27.4%UNP FY2021: 29.9%UNP FY2022: 28.1%UNP FY2023: 26.4%UNP FY2024: 27.8%UNP FY2025: 29.1%FY18FY19FY20FY21FY22FY23FY24FY25
FIP -41.3%UNP 29.1%
Revenue growth
FIP FY2022: +75.3%FIP FY2022: +117.9%FIP FY2023: +22.3%FIP FY2024: +3.4%FIP FY2025: +51.6%UNP FY2019: -4.9%UNP FY2020: -10.0%UNP FY2021: +11.6%UNP FY2022: +14.1%UNP FY2023: -3.0%UNP FY2024: +0.5%UNP FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
FIP +51.6%UNP +1.1%
Free cash flow
FIP FY2020: -$294.4MFIP FY2022: -$202.6MFIP FY2022: -$259.8MFIP FY2023: -$93.5MFIP FY2024: -$94.8MFIP FY2025: -$398.5MUNP FY2018: $5.2BUNP FY2019: $5.2BUNP FY2020: $5.6BUNP FY2021: $6.1BUNP FY2022: $5.7BUNP FY2023: $4.8BUNP FY2024: $5.9BUNP FY2025: $5.5BFY18FY19FY20FY21FY22FY23FY24FY25
FIP -$398.5MUNP $5.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about FTAI Infrastructure and Union Pacific

Which is bigger by revenue, FTAI Infrastructure or Union Pacific?

Union Pacific is bigger by revenue: $24.5B in fiscal 2025, against $502.5M for FTAI Infrastructure in fiscal 2025.

Which keeps more of its revenue as profit, FTAI Infrastructure or Union Pacific?

FTAI Infrastructure had a net margin of -41.3% in fiscal 2025; Union Pacific had 29.1% in fiscal 2025.

Which grew revenue faster, FTAI Infrastructure or Union Pacific?

In their latest fiscal years revenue changed by +51.6% at FTAI Infrastructure and +1.1% at Union Pacific.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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