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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Entergy (ETR). 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 $3.0B, roughly 1.8× Entergy). Entergy runs the higher net margin — 8.1% vs 4.6%, a 3.5% gap on every dollar of revenue. On growth, Entergy posted the faster year-over-year revenue change (7.9% 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.

Entergy Corporation is an American energy company engaged in electric power production and retail distribution operations in the Deep South of the United States. Entergy is headquartered in New Orleans, Louisiana, and generates and distributes electric power to three million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has approximately 24,000 megawatts of electric generating capacity, annual revenues of $11 billion and employs more than 12,000 people.

BIP vs ETR — Head-to-Head

Bigger by revenue
BIP
BIP
1.8× larger
BIP
$5.4B
$3.0B
ETR
Growing faster (revenue YoY)
ETR
ETR
+2.2% gap
ETR
7.9%
5.7%
BIP
Higher net margin
ETR
ETR
3.5% more per $
ETR
8.1%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
ETR
ETR
Revenue
$5.4B
$3.0B
Net Profit
$252.0M
$240.5M
Gross Margin
26.4%
Operating Margin
24.4%
18.4%
Net Margin
4.6%
8.1%
Revenue YoY
5.7%
7.9%
Net Profit YoY
37.0%
-16.2%
EPS (diluted)
$-0.03
$0.51

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
ETR
ETR
Q4 25
$3.0B
Q3 25
$3.8B
Q2 25
$5.4B
$3.3B
Q1 25
$2.8B
Q4 24
$2.7B
Q3 24
$3.4B
Q2 24
$5.1B
$3.0B
Q1 24
$2.8B
Net Profit
BIP
BIP
ETR
ETR
Q4 25
$240.5M
Q3 25
$698.4M
Q2 25
$252.0M
$472.0M
Q1 25
$362.4M
Q4 24
$287.2M
Q3 24
$645.8M
Q2 24
$184.0M
$51.7M
Q1 24
$76.5M
Gross Margin
BIP
BIP
ETR
ETR
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Q1 24
Operating Margin
BIP
BIP
ETR
ETR
Q4 25
18.4%
Q3 25
29.4%
Q2 25
24.4%
25.2%
Q1 25
24.6%
Q4 24
24.4%
Q3 24
33.2%
Q2 24
22.8%
20.9%
Q1 24
8.5%
Net Margin
BIP
BIP
ETR
ETR
Q4 25
8.1%
Q3 25
18.3%
Q2 25
4.6%
14.2%
Q1 25
12.7%
Q4 24
10.5%
Q3 24
19.1%
Q2 24
3.6%
1.8%
Q1 24
2.7%
EPS (diluted)
BIP
BIP
ETR
ETR
Q4 25
$0.51
Q3 25
$1.53
Q2 25
$-0.03
$1.05
Q1 25
$0.82
Q4 24
$0.66
Q3 24
$1.50
Q2 24
$-0.10
$0.11
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
ETR
ETR
Cash + ST InvestmentsLiquidity on hand
$2.3B
$1.9B
Total DebtLower is stronger
$30.3B
Stockholders' EquityBook value
$29.6B
$16.9B
Total Assets
$108.7B
$71.9B
Debt / EquityLower = less leverage
1.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
ETR
ETR
Q4 25
$1.9B
Q3 25
$1.5B
Q2 25
$2.3B
$1.2B
Q1 25
$1.5B
Q4 24
$859.7M
Q3 24
$1.4B
Q2 24
$1.3B
$1.4B
Q1 24
$1.3B
Total Debt
BIP
BIP
ETR
ETR
Q4 25
$30.3B
Q3 25
$29.0B
Q2 25
$29.9B
Q1 25
$29.6B
Q4 24
$28.0B
Q3 24
$27.9B
Q2 24
$27.8B
Q1 24
$26.5B
Stockholders' Equity
BIP
BIP
ETR
ETR
Q4 25
$16.9B
Q3 25
$16.7B
Q2 25
$29.6B
$16.2B
Q1 25
$15.2B
Q4 24
$15.1B
Q3 24
$15.0B
Q2 24
$30.1B
$14.6B
Q1 24
$14.5B
Total Assets
BIP
BIP
ETR
ETR
Q4 25
$71.9B
Q3 25
$69.8B
Q2 25
$108.7B
$68.4B
Q1 25
$66.6B
Q4 24
$64.8B
Q3 24
$64.5B
Q2 24
$100.9B
$62.8B
Q1 24
$61.6B
Debt / Equity
BIP
BIP
ETR
ETR
Q4 25
1.79×
Q3 25
1.74×
Q2 25
1.85×
Q1 25
1.95×
Q4 24
1.86×
Q3 24
1.85×
Q2 24
1.91×
Q1 24
1.83×

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
ETR
ETR
Operating Cash FlowLast quarter
$1.2B
$1.2B
Free Cash FlowOCF − Capex
$-909.7M
FCF MarginFCF / Revenue
-30.7%
Capex IntensityCapex / Revenue
71.9%
Cash ConversionOCF / Net Profit
4.72×
5.06×
TTM Free Cash FlowTrailing 4 quarters
$-2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
ETR
ETR
Q4 25
$1.2B
Q3 25
$2.1B
Q2 25
$1.2B
$1.3B
Q1 25
$536.2M
Q4 24
$1.4B
Q3 24
$1.6B
Q2 24
$1.1B
$1.0B
Q1 24
$521.1M
Free Cash Flow
BIP
BIP
ETR
ETR
Q4 25
$-909.7M
Q3 25
$246.0M
Q2 25
$-746.6M
Q1 25
$-1.1B
Q4 24
$-193.8M
Q3 24
$421.8M
Q2 24
$-137.8M
Q1 24
$-440.1M
FCF Margin
BIP
BIP
ETR
ETR
Q4 25
-30.7%
Q3 25
6.5%
Q2 25
-22.4%
Q1 25
-39.5%
Q4 24
-7.1%
Q3 24
12.4%
Q2 24
-4.7%
Q1 24
-15.7%
Capex Intensity
BIP
BIP
ETR
ETR
Q4 25
71.9%
Q3 25
49.5%
Q2 25
60.3%
Q1 25
58.3%
Q4 24
57.4%
Q3 24
33.7%
Q2 24
39.4%
Q1 24
34.4%
Cash Conversion
BIP
BIP
ETR
ETR
Q4 25
5.06×
Q3 25
3.06×
Q2 25
4.72×
2.67×
Q1 25
1.48×
Q4 24
4.80×
Q3 24
2.42×
Q2 24
5.74×
19.82×
Q1 24
6.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

ETR
ETR

Electricity Us Regulated$2.9B100%
Other$13.7M0%

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