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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and FirstEnergy (FE). 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 $3.8B, roughly 1.4× FirstEnergy). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs -1.3%, a 5.9% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% 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.
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
BIP vs FE — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $3.8B |
| Net Profit | $252.0M | $-49.0M |
| Gross Margin | 26.4% | — |
| Operating Margin | 24.4% | -0.6% |
| Net Margin | 4.6% | -1.3% |
| Revenue YoY | 5.7% | 19.6% |
| Net Profit YoY | 37.0% | -118.8% |
| EPS (diluted) | $-0.03 | $-0.08 |
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.
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | $5.4B | $3.4B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $5.1B | $3.3B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | — | $-49.0M | ||
| Q3 25 | — | $441.0M | ||
| Q2 25 | $252.0M | $268.0M | ||
| Q1 25 | — | $360.0M | ||
| Q4 24 | — | $261.0M | ||
| Q3 24 | — | $419.0M | ||
| Q2 24 | $184.0M | $45.0M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | 24.4% | 19.1% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | 22.8% | 12.9% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | — | -1.3% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | 3.6% | 1.4% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $0.76 | ||
| Q2 25 | $-0.03 | $0.46 | ||
| Q1 25 | — | $0.62 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $0.73 | ||
| Q2 24 | $-0.10 | $0.08 | ||
| Q1 24 | — | $0.44 |
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 | $57.0M |
| Total DebtLower is stronger | — | $25.5B |
| Stockholders' EquityBook value | $29.6B | $12.5B |
| Total Assets | $108.7B | $55.9B |
| Debt / EquityLower = less leverage | — | 2.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $2.3B | $569.0M | ||
| Q1 25 | — | $132.0M | ||
| Q4 24 | — | $111.0M | ||
| Q3 24 | — | $439.0M | ||
| Q2 24 | $1.3B | $60.0M | ||
| Q1 24 | — | $888.0M |
| Q4 25 | — | $25.5B | ||
| Q3 25 | — | $25.5B | ||
| Q2 25 | — | $23.7B | ||
| Q1 25 | — | $21.2B | ||
| Q4 24 | — | $22.5B | ||
| Q3 24 | — | $21.6B | ||
| Q2 24 | — | $20.8B | ||
| Q1 24 | — | $21.7B |
| Q4 25 | — | $12.5B | ||
| Q3 25 | — | $12.8B | ||
| Q2 25 | $29.6B | $12.9B | ||
| Q1 25 | — | $12.6B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $12.4B | ||
| Q2 24 | $30.1B | $12.5B | ||
| Q1 24 | — | $12.4B |
| Q4 25 | — | $55.9B | ||
| Q3 25 | — | $55.9B | ||
| Q2 25 | $108.7B | $54.2B | ||
| Q1 25 | — | $52.8B | ||
| Q4 24 | — | $52.0B | ||
| Q3 24 | — | $50.8B | ||
| Q2 24 | $100.9B | $51.0B | ||
| Q1 24 | — | $51.3B |
| Q4 25 | — | 2.04× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.67× | ||
| Q1 24 | — | 1.75× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $-30.0M |
| FCF MarginFCF / Revenue | — | -0.8% |
| Capex IntensityCapex / Revenue | — | 30.7% |
| Cash ConversionOCF / Net Profit | 4.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $845.0M | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | — | $637.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $775.0M | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | — | $-40.0M |
| Q4 25 | — | $-30.0M | ||
| Q3 25 | — | $-471.0M | ||
| Q2 25 | — | $-136.0M | ||
| Q1 25 | — | $-368.0M | ||
| Q4 24 | — | $-250.0M | ||
| Q3 24 | — | $-229.0M | ||
| Q2 24 | — | $170.0M | ||
| Q1 24 | — | $-830.0M |
| Q4 25 | — | -0.8% | ||
| Q3 25 | — | -11.4% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | -7.9% | ||
| Q3 24 | — | -6.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -25.3% |
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 36.0% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 28.7% | ||
| Q1 24 | — | 24.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.92× | ||
| Q2 25 | 4.72× | 4.04× | ||
| Q1 25 | — | 1.77× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | 5.74× | 24.71× | ||
| Q1 24 | — | -0.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIP
Segment breakdown not available.
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
