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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and CASEYS GENERAL STORES INC (CASY). 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 $4.5B, roughly 1.2× CASEYS GENERAL STORES INC). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs 4.6%, a 0.1% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 5.7%).

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.

Casey's Retail Company is a chain of convenience stores in the Midwestern and Southern United States. The company is headquartered in Ankeny, Iowa, a suburb of Des Moines. As of October 1, 2023, Casey's had 2,500 stores in 16 states. Following 7-Eleven's purchase of Speedway, Casey's is the third-largest convenience store chain in the United States and the largest that is wholly American-owned. It is one of two Iowa-based Fortune 500 companies. Casey's is famous for their pizza, including a b...

BIP vs CASY — Head-to-Head

Bigger by revenue
BIP
BIP
1.2× larger
BIP
$5.4B
$4.5B
CASY
Growing faster (revenue YoY)
CASY
CASY
+8.5% gap
CASY
14.2%
5.7%
BIP
Higher net margin
BIP
BIP
0.1% more per $
BIP
4.6%
4.6%
CASY

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BIP
BIP
CASY
CASY
Revenue
$5.4B
$4.5B
Net Profit
$252.0M
$206.3M
Gross Margin
26.4%
Operating Margin
24.4%
6.1%
Net Margin
4.6%
4.6%
Revenue YoY
5.7%
14.2%
Net Profit YoY
37.0%
14.0%
EPS (diluted)
$-0.03
$5.53

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
BIP
BIP
CASY
CASY
Q4 25
$4.5B
Q3 25
$4.6B
Q2 25
$5.4B
$4.0B
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$4.1B
Q2 24
$5.1B
$3.6B
Q1 24
$3.3B
Net Profit
BIP
BIP
CASY
CASY
Q4 25
$206.3M
Q3 25
$215.4M
Q2 25
$252.0M
$98.3M
Q1 25
$87.1M
Q4 24
$180.9M
Q3 24
$180.2M
Q2 24
$184.0M
$87.0M
Q1 24
$86.9M
Gross Margin
BIP
BIP
CASY
CASY
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Q1 24
Operating Margin
BIP
BIP
CASY
CASY
Q4 25
6.1%
Q3 25
6.1%
Q2 25
24.4%
Q1 25
2.8%
Q4 24
6.1%
Q3 24
5.8%
Q2 24
22.8%
Q1 24
3.4%
Net Margin
BIP
BIP
CASY
CASY
Q4 25
4.6%
Q3 25
4.7%
Q2 25
4.6%
2.5%
Q1 25
2.2%
Q4 24
4.6%
Q3 24
4.4%
Q2 24
3.6%
2.4%
Q1 24
2.6%
EPS (diluted)
BIP
BIP
CASY
CASY
Q4 25
$5.53
Q3 25
$5.77
Q2 25
$-0.03
$2.63
Q1 25
$2.33
Q4 24
$4.85
Q3 24
$4.83
Q2 24
$-0.10
$2.34
Q1 24
$2.33

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
CASY
CASY
Cash + ST InvestmentsLiquidity on hand
$2.3B
$492.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$3.8B
Total Assets
$108.7B
$8.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
CASY
CASY
Q4 25
$492.0M
Q3 25
$458.1M
Q2 25
$2.3B
$326.7M
Q1 25
$394.8M
Q4 24
$351.7M
Q3 24
$305.0M
Q2 24
$1.3B
$206.5M
Q1 24
$177.9M
Total Debt
BIP
BIP
CASY
CASY
Q4 25
Q3 25
Q2 25
$2.4B
Q1 25
Q4 24
Q3 24
Q2 24
$1.6B
Q1 24
Stockholders' Equity
BIP
BIP
CASY
CASY
Q4 25
$3.8B
Q3 25
$3.6B
Q2 25
$29.6B
$3.5B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$30.1B
$3.0B
Q1 24
$2.9B
Total Assets
BIP
BIP
CASY
CASY
Q4 25
$8.6B
Q3 25
$8.4B
Q2 25
$108.7B
$8.2B
Q1 25
$8.2B
Q4 24
$7.7B
Q3 24
$6.5B
Q2 24
$100.9B
$6.3B
Q1 24
$6.2B
Debt / Equity
BIP
BIP
CASY
CASY
Q4 25
Q3 25
Q2 25
0.69×
Q1 25
Q4 24
Q3 24
Q2 24
0.52×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BIP
BIP
CASY
CASY
Operating Cash FlowLast quarter
$1.2B
$347.1M
Free Cash FlowOCF − Capex
$176.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
4.72×
1.68×
TTM Free Cash FlowTrailing 4 quarters
$682.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
CASY
CASY
Q4 25
$347.1M
Q3 25
$372.4M
Q2 25
$1.2B
$333.9M
Q1 25
$204.9M
Q4 24
$270.7M
Q3 24
$281.4M
Q2 24
$1.1B
$288.4M
Q1 24
$122.8M
Free Cash Flow
BIP
BIP
CASY
CASY
Q4 25
$176.0M
Q3 25
$262.4M
Q2 25
$153.1M
Q1 25
$90.7M
Q4 24
$160.0M
Q3 24
$180.8M
Q2 24
$92.1M
Q1 24
$-27.0M
FCF Margin
BIP
BIP
CASY
CASY
Q4 25
3.9%
Q3 25
5.7%
Q2 25
3.8%
Q1 25
2.3%
Q4 24
4.1%
Q3 24
4.4%
Q2 24
2.6%
Q1 24
-0.8%
Capex Intensity
BIP
BIP
CASY
CASY
Q4 25
3.8%
Q3 25
2.4%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
2.8%
Q3 24
2.5%
Q2 24
5.5%
Q1 24
4.5%
Cash Conversion
BIP
BIP
CASY
CASY
Q4 25
1.68×
Q3 25
1.73×
Q2 25
4.72×
3.40×
Q1 25
2.35×
Q4 24
1.50×
Q3 24
1.56×
Q2 24
5.74×
3.31×
Q1 24
1.41×

Financial Flow Comparison

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

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