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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Cushman & Wakefield Ltd. (CWK). 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 $2.9B, roughly 1.9× Cushman & Wakefield Ltd.). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs -0.8%, a 5.4% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% 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.

Cushman & Wakefield Inc. is an American global commercial real estate and property management services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.

BIP vs CWK — Head-to-Head

Bigger by revenue
BIP
BIP
1.9× larger
BIP
$5.4B
$2.9B
CWK
Growing faster (revenue YoY)
CWK
CWK
+5.1% gap
CWK
10.8%
5.7%
BIP
Higher net margin
BIP
BIP
5.4% more per $
BIP
4.6%
-0.8%
CWK

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
CWK
CWK
Revenue
$5.4B
$2.9B
Net Profit
$252.0M
$-22.4M
Gross Margin
26.4%
Operating Margin
24.4%
6.1%
Net Margin
4.6%
-0.8%
Revenue YoY
5.7%
10.8%
Net Profit YoY
37.0%
-119.8%
EPS (diluted)
$-0.03
$-0.10

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
CWK
CWK
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$5.4B
$2.5B
Q1 25
$2.3B
Q4 24
$2.6B
Q3 24
$2.3B
Q2 24
$5.1B
$2.3B
Q1 24
$2.2B
Net Profit
BIP
BIP
CWK
CWK
Q4 25
$-22.4M
Q3 25
$51.4M
Q2 25
$252.0M
$57.3M
Q1 25
$1.9M
Q4 24
$112.9M
Q3 24
$33.7M
Q2 24
$184.0M
$13.5M
Q1 24
$-28.8M
Gross Margin
BIP
BIP
CWK
CWK
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Q1 24
Operating Margin
BIP
BIP
CWK
CWK
Q4 25
6.1%
Q3 25
4.1%
Q2 25
24.4%
4.9%
Q1 25
2.0%
Q4 24
6.6%
Q3 24
3.2%
Q2 24
22.8%
3.1%
Q1 24
0.9%
Net Margin
BIP
BIP
CWK
CWK
Q4 25
-0.8%
Q3 25
2.0%
Q2 25
4.6%
2.3%
Q1 25
0.1%
Q4 24
4.3%
Q3 24
1.4%
Q2 24
3.6%
0.6%
Q1 24
-1.3%
EPS (diluted)
BIP
BIP
CWK
CWK
Q4 25
$-0.10
Q3 25
$0.22
Q2 25
$-0.03
$0.25
Q1 25
$0.01
Q4 24
$0.49
Q3 24
$0.14
Q2 24
$-0.10
$0.06
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
CWK
CWK
Cash + ST InvestmentsLiquidity on hand
$2.3B
$784.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$29.6B
$2.0B
Total Assets
$108.7B
$7.7B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
CWK
CWK
Q4 25
$784.2M
Q3 25
$634.4M
Q2 25
$2.3B
$618.2M
Q1 25
$623.2M
Q4 24
$793.3M
Q3 24
$775.4M
Q2 24
$1.3B
$567.3M
Q1 24
$553.5M
Total Debt
BIP
BIP
CWK
CWK
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.2B
Stockholders' Equity
BIP
BIP
CWK
CWK
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$29.6B
$1.9B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$30.1B
$1.6B
Q1 24
$1.6B
Total Assets
BIP
BIP
CWK
CWK
Q4 25
$7.7B
Q3 25
$7.7B
Q2 25
$108.7B
$7.6B
Q1 25
$7.4B
Q4 24
$7.5B
Q3 24
$7.5B
Q2 24
$100.9B
$7.3B
Q1 24
$7.5B
Debt / Equity
BIP
BIP
CWK
CWK
Q4 25
1.40×
Q3 25
1.45×
Q2 25
1.57×
Q1 25
1.70×
Q4 24
1.73×
Q3 24
1.81×
Q2 24
1.91×
Q1 24
1.96×

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
CWK
CWK
Operating Cash FlowLast quarter
$1.2B
$257.3M
Free Cash FlowOCF − Capex
$234.3M
FCF MarginFCF / Revenue
8.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
4.72×
TTM Free Cash FlowTrailing 4 quarters
$293.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
CWK
CWK
Q4 25
$257.3M
Q3 25
$235.5M
Q2 25
$1.2B
$9.6M
Q1 25
$-162.0M
Q4 24
$115.2M
Q3 24
$196.1M
Q2 24
$1.1B
$21.8M
Q1 24
$-125.1M
Free Cash Flow
BIP
BIP
CWK
CWK
Q4 25
$234.3M
Q3 25
$225.0M
Q2 25
$300.0K
Q1 25
$-166.6M
Q4 24
$105.9M
Q3 24
$186.7M
Q2 24
$10.0M
Q1 24
$-135.6M
FCF Margin
BIP
BIP
CWK
CWK
Q4 25
8.0%
Q3 25
8.6%
Q2 25
0.0%
Q1 25
-7.3%
Q4 24
4.0%
Q3 24
8.0%
Q2 24
0.4%
Q1 24
-6.2%
Capex Intensity
BIP
BIP
CWK
CWK
Q4 25
0.8%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.2%
Q4 24
0.4%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.5%
Cash Conversion
BIP
BIP
CWK
CWK
Q4 25
Q3 25
4.58×
Q2 25
4.72×
0.17×
Q1 25
-85.26×
Q4 24
1.02×
Q3 24
5.82×
Q2 24
5.74×
1.61×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

CWK
CWK

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$1.8B61%
Other$1.1B39%

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