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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Canadian Solar Inc. (CSIQ). 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× Canadian Solar Inc.). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs 1.3%, a 3.4% gap on every dollar of revenue.
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.
Canadian Solar Inc. is a global renewable energy company. Headquartered in Kitchener, Ontario, the company manufactures solar PV modules, provides battery energy storage solutions and develops utility-scale solar power and battery energy storage projects.
BIP vs CSIQ — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $4.5B |
| Net Profit | $252.0M | $57.6M |
| Gross Margin | 26.4% | 17.5% |
| Operating Margin | 24.4% | 2.2% |
| Net Margin | 4.6% | 1.3% |
| 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.
| Q3 25 | — | $4.5B | ||
| Q2 25 | $5.4B | $3.0B | ||
| Q1 25 | — | $1.3B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | $5.1B | $4.1B | ||
| Q2 23 | $4.3B | — | ||
| Q1 23 | — | $1.3B | ||
| Q2 22 | $3.7B | — |
| Q3 25 | — | $57.6M | ||
| Q2 25 | $252.0M | $63.6M | ||
| Q1 25 | — | $36.2M | ||
| Q3 24 | — | $366.8M | ||
| Q2 24 | $184.0M | $304.4M | ||
| Q2 23 | $773.0M | — | ||
| Q1 23 | — | $8.9M | ||
| Q2 22 | $425.0M | — |
| Q3 25 | — | 17.5% | ||
| Q2 25 | 26.4% | 18.0% | ||
| Q1 25 | — | 19.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | 24.6% | 18.7% | ||
| Q2 23 | 22.9% | — | ||
| Q1 23 | — | 14.5% | ||
| Q2 22 | 26.3% | — |
| Q3 25 | — | 2.2% | ||
| Q2 25 | 24.4% | 3.3% | ||
| Q1 25 | — | 3.7% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 22.8% | 9.1% | ||
| Q2 23 | 20.4% | — | ||
| Q1 23 | — | 1.2% | ||
| Q2 22 | 23.4% | — |
| Q3 25 | — | 1.3% | ||
| Q2 25 | 4.6% | 2.1% | ||
| Q1 25 | — | 2.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | 3.6% | 7.5% | ||
| Q2 23 | 18.2% | — | ||
| Q1 23 | — | 0.7% | ||
| Q2 22 | 11.5% | — |
| Q3 25 | — | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.10 | — | ||
| Q2 23 | $0.38 | — | ||
| Q1 23 | — | — | ||
| Q2 22 | $0.13 | — |
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 | $1.7B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $29.6B | $3.9B |
| Total Assets | $108.7B | $13.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $1.7B | ||
| Q2 25 | $2.3B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q2 23 | $1.4B | — | ||
| Q1 23 | — | $981.4M | ||
| Q2 22 | $1.3B | — |
| Q3 25 | — | $3.9B | ||
| Q2 25 | $29.6B | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $30.1B | $3.7B | ||
| Q2 23 | $28.6B | — | ||
| Q1 23 | — | $2.3B | ||
| Q2 22 | $26.0B | — |
| Q3 25 | — | $13.5B | ||
| Q2 25 | $108.7B | $13.5B | ||
| Q1 25 | — | $13.5B | ||
| Q3 24 | — | $11.9B | ||
| Q2 24 | $100.9B | $11.9B | ||
| Q2 23 | $81.7B | — | ||
| Q1 23 | — | $9.0B | ||
| Q2 22 | $73.9B | — |
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 | $-187.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.72× | -3.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-187.7M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.1B | — | ||
| Q2 23 | $970.0M | — | ||
| Q1 23 | — | — | ||
| Q2 22 | $734.0M | — |
| Q3 25 | — | -3.26× | ||
| Q2 25 | 4.72× | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.74× | — | ||
| Q2 23 | 1.25× | — | ||
| Q1 23 | — | — | ||
| Q2 22 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
