How many subsidiaries does FTAI Infrastructure Inc. file with the SEC?

108, listed in its most recent exhibit 21. They are incorporated across 10 jurisdictions, led by Ohio, Delaware, Alabama. 4 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is FTAI Infrastructure Inc. financially healthy?

FTAI Infrastructure Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of FTAI Infrastructure Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are WELLINGTON MANAGEMENT GROUP LLP (adding), BlackRock, Inc. (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

FTAI Infrastructure Inc. (FIP)

Nasdaq · Common Stock · Railroads, Line-Haul Operating

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

108 entities across 10 jurisdictions, 4 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Which other public companies file entities in the same places:

Delaware91 Ohio3 New Jersey3 Bermuda3 Alabama2 Texas2 Michigan1 Cayman Islands1 Canada1 England and Wales1

Subsidiaries of FTAI Infrastructure Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Akron Barbeton Cluster Railway Corporation	Ohio
ARM Investment LLC	Delaware
Birmingham Southern Railroad Company LLC	Alabama
CFC Investment LLC	Delaware
CL Lender LLC	Delaware
Clean Planet Energy USA LLC	Delaware
Clean Planet Energy AL LLC	Delaware
Clean Planet Energy SC LLC	Delaware
CPE Investor LLC	Delaware
CPE Repauno LLC	Delaware
Delaware River Partners Holdco LLC

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

FAILReturn on assets positiveROA -2.6%
FAILOperating cash flow positiveOCF -118M
PASSReturn on assets improving-11.2% → -2.6%
PASSCash flow exceeds earningsOCF -118M vs NI -152M
PASSLong-term debt ratio falling64.8% → 64.5% of assets
PASSCurrent ratio improving0.88 → 1.18
FAILNo share dilution108M → 115M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.14× → 0.09×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$68.6M	−$71.7M	−$294.4M	—	99,387,467
FY2021	$120.2M	−$106.3M	−$202.6M	—	99,387,467
FY2022	$262.0M	−$187.5M	−$259.8M	—	102,747,121
FY2023	$320.5M	−$159.8M	−$93.5M	—	102,960,812
FY2024	$331.5M	−$266.1M	−$94.8M	—	108,217,871

Ownership flow

11 institutions tracked — 9 added, 2 reduced.

Institutional holders of FTAI Infrastructure Inc. and their share-count change
Manager	Kind	Shares	Change	Value
WELLINGTON MANAGEMENT GROUP LLP	Active fund	13,490,351	+1,259,468	$62.6M
BlackRock, Inc.	Index	8,950,618	+708,946	$41.5M
CITADEL ADVISORS LLC	Hedge fund	1,044,971	+422,754	$4.8M
STATE STREET CORP	Index	3,001,777	+307,478	$13.9M

Identity

CIK: 0001899883
LEI: 5299002QA19Z1684IX11
FIGI: BBG0174VKJ51
SIC: 4011 · Railroads, Line-Haul Operating
Incorporated: DE
Headquarters: NEW YORK, NY

Ownership

Institutional: 89.9%
Institutions: 238
Insiders: 8.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other railroads, line-haul operating companies

FTAI Infrastructure Inc. files under SIC 4011 — all 3 railroads, line-haul operating companies compared on assets and F-score.

CANADIAN PACIFIC KANSAS CITY LTD/CNCP NORFOLK SOUTHERN CORPNSC

Questions about FTAI Infrastructure Inc.

How many subsidiaries does FTAI Infrastructure Inc. file with the SEC?: 108, listed in its most recent exhibit 21. They are incorporated across 10 jurisdictions, led by Ohio, Delaware, Alabama. 4 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is FTAI Infrastructure Inc. financially healthy?: FTAI Infrastructure Inc. scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of FTAI Infrastructure Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are WELLINGTON MANAGEMENT GROUP LLP (adding), BlackRock, Inc. (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.