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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Duke Energy (DUK). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.9B vs $5.4B, roughly 1.5× Brookfield Infrastructure Partners L.P.). Duke Energy runs the higher net margin — 20.0% vs 4.6%, a 15.4% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (491.0% 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.
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
BIP vs DUK — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $7.9B |
| Net Profit | $252.0M | $1.6B |
| Gross Margin | 26.4% | — |
| Operating Margin | 24.4% | 34.6% |
| Net Margin | 4.6% | 20.0% |
| Revenue YoY | 5.7% | 491.0% |
| Net Profit YoY | 37.0% | 603.6% |
| 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.
| Q1 26 | — | $7.9B | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | $5.4B | $7.4B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $8.1B | ||
| Q2 24 | $5.1B | $7.2B |
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $252.0M | $984.0M | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $184.0M | $900.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 24.6% | — |
| Q1 26 | — | 34.6% | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | 24.4% | 24.8% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | 26.4% | ||
| Q2 24 | 22.8% | 23.9% |
| Q1 26 | — | 20.0% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | 4.6% | 13.3% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | 3.6% | 12.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $1.81 | ||
| Q2 25 | $-0.03 | $1.25 | ||
| Q1 25 | — | $1.76 | ||
| Q4 24 | — | $1.54 | ||
| Q3 24 | — | $1.60 | ||
| Q2 24 | $-0.10 | $1.13 |
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 | $2.1B |
| Total DebtLower is stronger | — | $54.1B |
| Stockholders' EquityBook value | $29.6B | $56.5B |
| Total Assets | $108.7B | $198.0B |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $245.0M | ||
| Q3 25 | — | $688.0M | ||
| Q2 25 | $2.3B | $344.0M | ||
| Q1 25 | — | $475.0M | ||
| Q4 24 | — | $314.0M | ||
| Q3 24 | — | $376.0M | ||
| Q2 24 | $1.3B | $390.0M |
| Q1 26 | — | $54.1B | ||
| Q4 25 | — | $80.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $76.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $56.5B | ||
| Q4 25 | — | $51.8B | ||
| Q3 25 | — | $51.5B | ||
| Q2 25 | $29.6B | $50.9B | ||
| Q1 25 | — | $50.7B | ||
| Q4 24 | — | $50.1B | ||
| Q3 24 | — | $49.1B | ||
| Q2 24 | $30.1B | $49.7B |
| Q1 26 | — | $198.0B | ||
| Q4 25 | — | $195.7B | ||
| Q3 25 | — | $192.3B | ||
| Q2 25 | $108.7B | $189.7B | ||
| Q1 25 | — | $187.5B | ||
| Q4 24 | — | $186.3B | ||
| Q3 24 | — | $183.6B | ||
| Q2 24 | $100.9B | $181.6B |
| Q1 26 | — | 0.96× | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-65.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.72× | -0.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-65.0M | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $1.2B | $2.9B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | $1.1B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $-485.0M | ||
| Q3 25 | — | $179.0M | ||
| Q2 25 | — | $-417.0M | ||
| Q1 25 | — | $-971.0M | ||
| Q4 24 | — | $288.0M | ||
| Q3 24 | — | $537.0M | ||
| Q2 24 | — | $-43.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | -0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 44.5% | ||
| Q1 25 | — | 38.3% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 36.8% | ||
| Q2 24 | — | 41.9% |
| Q1 26 | — | -0.04× | ||
| Q4 25 | — | 3.09× | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | 4.72× | 2.91× | ||
| Q1 25 | — | 1.58× | ||
| Q4 24 | — | 2.80× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | 5.74× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIP
Segment breakdown not available.
DUK
| Regulated electric | $7.8B | 99% |
| Nonregulated electric and other | $61.0M | 1% |
