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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and CDW Corporation (CDW). Click either name above to swap in a different company.
CDW Corporation is the larger business by last-quarter revenue ($5.5B vs $5.4B, roughly 1.0× Brookfield Infrastructure Partners L.P.). On growth, CDW Corporation posted the faster year-over-year revenue change (6.3% 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.
CDW Corporation is an American multi-brand provider of information technology services, serving business, government, education, and healthcare sectors across the United States, the United Kingdom, and Canada. Headquartered in Vernon Hills, Illinois, CDW is a Fortune 500 and generated $21 billion in annual net sales in 2023.
BIP vs CDW — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $5.5B |
| Net Profit | $252.0M | — |
| Gross Margin | 26.4% | 22.8% |
| Operating Margin | 24.4% | 7.8% |
| Net Margin | 4.6% | — |
| Revenue YoY | 5.7% | 6.3% |
| Net Profit YoY | 37.0% | — |
| EPS (diluted) | $-0.03 | $2.13 |
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 | — | $5.5B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $5.4B | $6.0B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | — | $5.5B | ||
| Q2 24 | $5.1B | $5.4B | ||
| Q1 24 | — | $4.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | $291.0M | ||
| Q2 25 | $252.0M | $271.2M | ||
| Q1 25 | — | $224.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $316.4M | ||
| Q2 24 | $184.0M | $281.1M | ||
| Q1 24 | — | $216.1M |
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | 26.4% | 20.8% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | 24.6% | 21.8% | ||
| Q1 24 | — | 21.8% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | 24.4% | 7.0% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | 22.8% | 8.0% | ||
| Q1 24 | — | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | 4.6% | 4.5% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | 3.6% | 5.2% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | — | $2.13 | ||
| Q3 25 | — | $2.21 | ||
| Q2 25 | $-0.03 | $2.05 | ||
| Q1 25 | — | $1.69 | ||
| Q4 24 | — | $1.97 | ||
| Q3 24 | — | $2.34 | ||
| Q2 24 | $-0.10 | $2.07 | ||
| Q1 24 | — | $1.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $618.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $29.6B | $2.6B |
| Total Assets | $108.7B | $16.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $618.7M | ||
| Q3 25 | — | $452.9M | ||
| Q2 25 | $2.3B | $481.0M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | — | $717.7M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.3B | $665.3M | ||
| Q1 24 | — | $803.8M |
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $29.6B | $2.5B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $30.1B | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | $16.0B | ||
| Q3 25 | — | $15.2B | ||
| Q2 25 | $108.7B | $15.3B | ||
| Q1 25 | — | $15.0B | ||
| Q4 24 | — | $14.7B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | $100.9B | $13.6B | ||
| Q1 24 | — | $13.2B |
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 | $433.8M |
| Free Cash FlowOCF − Capex | — | $395.9M |
| FCF MarginFCF / Revenue | — | 7.2% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 4.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $433.8M | ||
| Q3 25 | — | $328.3M | ||
| Q2 25 | $1.2B | $155.9M | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $345.3M | ||
| Q3 24 | — | $342.1M | ||
| Q2 24 | $1.1B | $149.9M | ||
| Q1 24 | — | $440.0M |
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $298.5M | ||
| Q2 25 | — | $133.4M | ||
| Q1 25 | — | $260.3M | ||
| Q4 24 | — | $316.7M | ||
| Q3 24 | — | $308.5M | ||
| Q2 24 | — | $119.0M | ||
| Q1 24 | — | $410.5M |
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 8.4% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 4.72× | 0.57× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.08× | ||
| Q2 24 | 5.74× | 0.53× | ||
| Q1 24 | — | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
