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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Brookfield Infrastructure Corp (BIPC). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $789.6M, roughly 1.1× Atour Lifestyle Holdings Ltd). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -35.7%, a 53.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs -4.6%).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

ATAT vs BIPC — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.1× larger
BIPC
$866.0M
$789.6M
ATAT
Growing faster (revenue YoY)
ATAT
ATAT
+257.2% gap
ATAT
252.5%
-4.6%
BIPC
Higher net margin
ATAT
ATAT
53.3% more per $
ATAT
17.6%
-35.7%
BIPC

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ATAT
ATAT
BIPC
BIPC
Revenue
$789.6M
$866.0M
Net Profit
$139.1M
$-309.0M
Gross Margin
65.0%
Operating Margin
22.5%
62.7%
Net Margin
17.6%
-35.7%
Revenue YoY
252.5%
-4.6%
Net Profit YoY
322.2%
-148.1%
EPS (diluted)
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATAT
ATAT
BIPC
BIPC
Q3 25
$789.6M
Q2 25
$866.0M
Q3 24
$224.0M
Q2 24
$908.0M
Q1 24
$203.4M
Q2 23
$538.0M
Q1 23
$106.8M
Q2 22
$479.0M
Net Profit
ATAT
ATAT
BIPC
BIPC
Q3 25
$139.1M
Q2 25
$-309.0M
Q3 24
$33.0M
Q2 24
$643.0M
Q1 24
$35.6M
Q2 23
$-154.0M
Q1 23
$2.5M
Q2 22
$842.0M
Gross Margin
ATAT
ATAT
BIPC
BIPC
Q3 25
Q2 25
65.0%
Q3 24
Q2 24
63.8%
Q1 24
Q2 23
72.3%
Q1 23
Q2 22
72.7%
Operating Margin
ATAT
ATAT
BIPC
BIPC
Q3 25
22.5%
Q2 25
62.7%
Q3 24
14.7%
Q2 24
61.9%
Q1 24
22.1%
Q2 23
69.1%
Q1 23
8.0%
Q2 22
69.1%
Net Margin
ATAT
ATAT
BIPC
BIPC
Q3 25
17.6%
Q2 25
-35.7%
Q3 24
14.7%
Q2 24
70.8%
Q1 24
17.5%
Q2 23
-28.6%
Q1 23
2.3%
Q2 22
175.8%
EPS (diluted)
ATAT
ATAT
BIPC
BIPC
Q3 25
$0.33
Q2 25
Q3 24
$0.08
Q2 24
Q1 24
$0.09
Q2 23
Q1 23
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATAT
ATAT
BIPC
BIPC
Cash + ST InvestmentsLiquidity on hand
$669.2M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
$2.2B
Total Assets
$1.1B
$23.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
BIPC
BIPC
Q3 25
$669.2M
Q2 25
$1.2B
Q3 24
$506.0M
Q2 24
$466.0M
Q1 24
$520.7M
Q2 23
$356.0M
Q1 23
$272.5M
Q2 22
$512.0M
Total Debt
ATAT
ATAT
BIPC
BIPC
Q3 25
Q2 25
Q3 24
Q2 24
Q1 24
$277.0K
Q2 23
Q1 23
Q2 22
Stockholders' Equity
ATAT
ATAT
BIPC
BIPC
Q3 25
$405.0M
Q2 25
$2.2B
Q3 24
$291.3M
Q2 24
$3.5B
Q1 24
$323.5M
Q2 23
$-764.0M
Q1 23
$185.5M
Q2 22
$-1.1B
Total Assets
ATAT
ATAT
BIPC
BIPC
Q3 25
$1.1B
Q2 25
$23.9B
Q3 24
$927.8M
Q2 24
$23.7B
Q1 24
$936.3M
Q2 23
$11.0B
Q1 23
Q2 22
$10.0B
Debt / Equity
ATAT
ATAT
BIPC
BIPC
Q3 25
Q2 25
Q3 24
Q2 24
Q1 24
0.00×
Q2 23
Q1 23
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATAT
ATAT
BIPC
BIPC
Operating Cash FlowLast quarter
$216.6M
$478.0M
Free Cash FlowOCF − Capex
$210.7M
FCF MarginFCF / Revenue
26.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.56×
TTM Free Cash FlowTrailing 4 quarters
$359.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
BIPC
BIPC
Q3 25
$216.6M
Q2 25
$478.0M
Q3 24
$84.8M
Q2 24
$511.0M
Q1 24
$19.8M
Q2 23
$265.0M
Q1 23
$49.9M
Q2 22
$232.0M
Free Cash Flow
ATAT
ATAT
BIPC
BIPC
Q3 25
$210.7M
Q2 25
Q3 24
$83.3M
Q2 24
Q1 24
$18.1M
Q2 23
Q1 23
$47.5M
Q2 22
FCF Margin
ATAT
ATAT
BIPC
BIPC
Q3 25
26.7%
Q2 25
Q3 24
37.2%
Q2 24
Q1 24
8.9%
Q2 23
Q1 23
44.5%
Q2 22
Capex Intensity
ATAT
ATAT
BIPC
BIPC
Q3 25
0.8%
Q2 25
Q3 24
0.7%
Q2 24
Q1 24
0.9%
Q2 23
Q1 23
2.3%
Q2 22
Cash Conversion
ATAT
ATAT
BIPC
BIPC
Q3 25
1.56×
Q2 25
Q3 24
2.57×
Q2 24
0.79×
Q1 24
0.56×
Q2 23
Q1 23
20.23×
Q2 22
0.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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