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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Darden Restaurants (DRI). 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 $3.1B, roughly 1.8× Darden Restaurants). Darden Restaurants runs the higher net margin — 7.6% vs 4.6%, a 3.0% gap on every dollar of revenue. On growth, Darden Restaurants posted the faster year-over-year revenue change (7.3% 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.

Darden Restaurants, Inc. is an American multi-brand restaurant operator headquartered in Orlando, Florida. Darden has more than 1,800 restaurant locations and more than 175,000 employees, making it the world's largest full-service restaurant company. The company began as an extension of Red Lobster, founded by William Darden and initially backed by General Mills. Red Lobster was later sold in July 2014.

BIP vs DRI — Head-to-Head

Bigger by revenue
BIP
BIP
1.8× larger
BIP
$5.4B
$3.1B
DRI
Growing faster (revenue YoY)
DRI
DRI
+1.7% gap
DRI
7.3%
5.7%
BIP
Higher net margin
DRI
DRI
3.0% more per $
DRI
7.6%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BIP
BIP
DRI
DRI
Revenue
$5.4B
$3.1B
Net Profit
$252.0M
$237.2M
Gross Margin
26.4%
18.7%
Operating Margin
24.4%
10.3%
Net Margin
4.6%
7.6%
Revenue YoY
5.7%
7.3%
Net Profit YoY
37.0%
10.3%
EPS (diluted)
$-0.03
$2.03

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.

Revenue
BIP
BIP
DRI
DRI
Q4 25
$3.1B
Q3 25
$3.0B
Q2 25
$5.4B
$3.3B
Q1 25
$3.2B
Q4 24
$2.9B
Q3 24
$2.8B
Q2 24
$5.1B
$3.0B
Q1 24
$3.0B
Net Profit
BIP
BIP
DRI
DRI
Q4 25
$237.2M
Q3 25
$257.8M
Q2 25
$252.0M
$303.9M
Q1 25
$323.4M
Q4 24
$215.1M
Q3 24
$207.2M
Q2 24
$184.0M
$308.1M
Q1 24
$312.9M
Gross Margin
BIP
BIP
DRI
DRI
Q4 25
18.7%
Q3 25
18.9%
Q2 25
26.4%
22.1%
Q1 25
21.1%
Q4 24
19.5%
Q3 24
18.8%
Q2 24
24.6%
20.9%
Q1 24
20.6%
Operating Margin
BIP
BIP
DRI
DRI
Q4 25
10.3%
Q3 25
11.1%
Q2 25
24.4%
11.7%
Q1 25
13.2%
Q4 24
10.1%
Q3 24
9.8%
Q2 24
22.8%
13.4%
Q1 24
13.0%
Net Margin
BIP
BIP
DRI
DRI
Q4 25
7.6%
Q3 25
8.5%
Q2 25
4.6%
9.3%
Q1 25
10.2%
Q4 24
7.4%
Q3 24
7.5%
Q2 24
3.6%
10.4%
Q1 24
10.5%
EPS (diluted)
BIP
BIP
DRI
DRI
Q4 25
$2.03
Q3 25
$2.19
Q2 25
$-0.03
$2.56
Q1 25
$2.74
Q4 24
$1.82
Q3 24
$1.74
Q2 24
$-0.10
$2.56
Q1 24
$2.60

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
DRI
DRI
Cash + ST InvestmentsLiquidity on hand
$2.3B
$224.1M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$29.6B
$2.1B
Total Assets
$108.7B
$12.9B
Debt / EquityLower = less leverage
1.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
DRI
DRI
Q4 25
$224.1M
Q3 25
$211.0M
Q2 25
$2.3B
$240.0M
Q1 25
$224.2M
Q4 24
$217.3M
Q3 24
$192.5M
Q2 24
$1.3B
$194.8M
Q1 24
$243.9M
Total Debt
BIP
BIP
DRI
DRI
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
BIP
BIP
DRI
DRI
Q4 25
$2.1B
Q3 25
$2.2B
Q2 25
$29.6B
$2.3B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$30.1B
$2.2B
Q1 24
$2.2B
Total Assets
BIP
BIP
DRI
DRI
Q4 25
$12.9B
Q3 25
$12.8B
Q2 25
$108.7B
$12.6B
Q1 25
$12.6B
Q4 24
$12.5B
Q3 24
$11.4B
Q2 24
$100.9B
$11.3B
Q1 24
$11.4B
Debt / Equity
BIP
BIP
DRI
DRI
Q4 25
1.03×
Q3 25
0.96×
Q2 25
0.92×
Q1 25
0.96×
Q4 24
1.02×
Q3 24
0.65×
Q2 24
0.61×
Q1 24
0.63×

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
DRI
DRI
Operating Cash FlowLast quarter
$1.2B
$320.7M
Free Cash FlowOCF − Capex
$119.8M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
4.72×
1.35×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
DRI
DRI
Q4 25
$320.7M
Q3 25
$342.5M
Q2 25
$1.2B
$457.0M
Q1 25
$588.2M
Q4 24
$388.6M
Q3 24
$273.2M
Q2 24
$1.1B
$426.0M
Q1 24
$585.8M
Free Cash Flow
BIP
BIP
DRI
DRI
Q4 25
$119.8M
Q3 25
$168.4M
Q2 25
$285.0M
Q1 25
$430.1M
Q4 24
$219.3M
Q3 24
$128.0M
Q2 24
$285.6M
Q1 24
$437.4M
FCF Margin
BIP
BIP
DRI
DRI
Q4 25
3.9%
Q3 25
5.5%
Q2 25
8.7%
Q1 25
13.6%
Q4 24
7.6%
Q3 24
4.6%
Q2 24
9.7%
Q1 24
14.7%
Capex Intensity
BIP
BIP
DRI
DRI
Q4 25
6.5%
Q3 25
5.7%
Q2 25
5.3%
Q1 25
5.0%
Q4 24
5.9%
Q3 24
5.3%
Q2 24
4.7%
Q1 24
5.0%
Cash Conversion
BIP
BIP
DRI
DRI
Q4 25
1.35×
Q3 25
1.33×
Q2 25
4.72×
1.50×
Q1 25
1.82×
Q4 24
1.81×
Q3 24
1.32×
Q2 24
5.74×
1.38×
Q1 24
1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

DRI
DRI

Olive Garden Segment$1.4B44%
Long Horn Steakhouse Segment$775.9M25%
Other$647.3M21%
Fine Dining Segment$316.2M10%

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