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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Brookfield Infrastructure Partners L.P. (BIP). Click either name above to swap in a different company.
Brookfield Infrastructure Partners L.P. is the larger business by last-quarter revenue ($5.4B vs $3.2B, roughly 1.7× KE Holdings Inc.). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs 3.2%, a 1.4% gap on every dollar of revenue.
KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.
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.
BEKE vs BIP — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $5.4B |
| Net Profit | $104.9M | $252.0M |
| Gross Margin | 21.4% | 26.4% |
| Operating Margin | 2.6% | 24.4% |
| Net Margin | 3.2% | 4.6% |
| Revenue YoY | — | 5.7% |
| Net Profit YoY | — | 37.0% |
| EPS (diluted) | — | $-0.03 |
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.
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | $3.2B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.2B | $5.1B | ||
| Q1 24 | $2.3B | — | ||
| Q3 23 | $2.4B | — |
| Q4 25 | $104.9M | — | ||
| Q3 25 | $182.4M | — | ||
| Q2 25 | — | $252.0M | ||
| Q1 25 | $117.9M | — | ||
| Q3 24 | $166.5M | — | ||
| Q2 24 | $261.5M | $184.0M | ||
| Q1 24 | $59.8M | — | ||
| Q3 23 | $160.4M | — |
| Q4 25 | 21.4% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | 20.7% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 27.9% | 24.6% | ||
| Q1 24 | 25.2% | — | ||
| Q3 23 | 27.4% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | 2.5% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 8.6% | 22.8% | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | 5.1% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 3.7% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 8.1% | 3.6% | ||
| Q1 24 | 2.6% | — | ||
| Q3 23 | 6.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $2.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $29.6B |
| Total Assets | $16.8B | $108.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | $1.8B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $2.5B | — | ||
| Q3 23 | $2.2B | — |
| Q4 25 | — | — | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | — | $29.6B | ||
| Q1 25 | $9.5B | — | ||
| Q3 24 | $10.1B | — | ||
| Q2 24 | $9.7B | $30.1B | ||
| Q1 24 | $9.6B | — | ||
| Q3 23 | $9.9B | — |
| Q4 25 | $16.8B | — | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | — | $108.7B | ||
| Q1 25 | $18.0B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $16.9B | $100.9B | ||
| Q1 24 | $16.5B | — | ||
| Q3 23 | $16.2B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 4.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $-546.4M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | — | ||
| Q3 23 | $268.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.72× | ||
| Q1 25 | -4.64× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | 5.74× | ||
| Q1 24 | — | — | ||
| Q3 23 | 1.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
BIP
Segment breakdown not available.
