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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and GAP INC (GAP). 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 $3.9B, roughly 1.4× GAP INC). GAP INC runs the higher net margin — 6.0% vs 4.6%, a 1.3% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 3.0%).

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.

The Gap, Inc., commonly known as Gap Inc., is an American multinational clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: the namesake Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is one of the largest apparel retailers in the United States, and is third in total international locations, behind Inditex Group and H&M. As of early 2023, Gap emplo...

BIP vs GAP — Head-to-Head

Bigger by revenue
BIP
BIP
1.4× larger
BIP
$5.4B
$3.9B
GAP
Growing faster (revenue YoY)
BIP
BIP
+2.7% gap
BIP
5.7%
3.0%
GAP
Higher net margin
GAP
GAP
1.3% more per $
GAP
6.0%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q3 FY2026

Metric
BIP
BIP
GAP
GAP
Revenue
$5.4B
$3.9B
Net Profit
$252.0M
$236.0M
Gross Margin
26.4%
42.4%
Operating Margin
24.4%
8.5%
Net Margin
4.6%
6.0%
Revenue YoY
5.7%
3.0%
Net Profit YoY
37.0%
-13.9%
EPS (diluted)
$-0.03
$0.62

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
GAP
GAP
Q4 25
$3.9B
Q3 25
$3.7B
Q2 25
$5.4B
$3.5B
Q1 25
$4.1B
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$5.1B
$3.4B
Q1 24
$4.3B
Net Profit
BIP
BIP
GAP
GAP
Q4 25
$236.0M
Q3 25
$216.0M
Q2 25
$252.0M
$193.0M
Q1 25
$206.0M
Q4 24
$274.0M
Q3 24
$206.0M
Q2 24
$184.0M
$158.0M
Q1 24
$185.0M
Gross Margin
BIP
BIP
GAP
GAP
Q4 25
42.4%
Q3 25
41.2%
Q2 25
26.4%
41.8%
Q1 25
38.9%
Q4 24
42.7%
Q3 24
42.6%
Q2 24
24.6%
41.2%
Q1 24
38.9%
Operating Margin
BIP
BIP
GAP
GAP
Q4 25
8.5%
Q3 25
7.8%
Q2 25
24.4%
7.5%
Q1 25
6.2%
Q4 24
9.3%
Q3 24
7.9%
Q2 24
22.8%
6.1%
Q1 24
5.0%
Net Margin
BIP
BIP
GAP
GAP
Q4 25
6.0%
Q3 25
5.8%
Q2 25
4.6%
5.6%
Q1 25
5.0%
Q4 24
7.2%
Q3 24
5.5%
Q2 24
3.6%
4.7%
Q1 24
4.3%
EPS (diluted)
BIP
BIP
GAP
GAP
Q4 25
$0.62
Q3 25
$0.57
Q2 25
$-0.03
$0.51
Q1 25
$0.53
Q4 24
$0.72
Q3 24
$0.54
Q2 24
$-0.10
$0.41
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
GAP
GAP
Cash + ST InvestmentsLiquidity on hand
$2.3B
$2.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$3.6B
Total Assets
$108.7B
$12.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
GAP
GAP
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.3B
$2.2B
Q1 25
$2.6B
Q4 24
$2.2B
Q3 24
$2.1B
Q2 24
$1.3B
$1.7B
Q1 24
$1.9B
Stockholders' Equity
BIP
BIP
GAP
GAP
Q4 25
$3.6B
Q3 25
$3.4B
Q2 25
$29.6B
$3.3B
Q1 25
$3.3B
Q4 24
$3.1B
Q3 24
$2.9B
Q2 24
$30.1B
$2.7B
Q1 24
$2.6B
Total Assets
BIP
BIP
GAP
GAP
Q4 25
$12.4B
Q3 25
$12.1B
Q2 25
$108.7B
$11.6B
Q1 25
$11.9B
Q4 24
$11.9B
Q3 24
$11.5B
Q2 24
$100.9B
$10.9B
Q1 24
$11.0B

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
GAP
GAP
Operating Cash FlowLast quarter
$1.2B
$299.0M
Free Cash FlowOCF − Capex
$153.0M
FCF MarginFCF / Revenue
3.9%
Capex IntensityCapex / Revenue
3.7%
Cash ConversionOCF / Net Profit
4.72×
1.27×
TTM Free Cash FlowTrailing 4 quarters
$779.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
GAP
GAP
Q4 25
$299.0M
Q3 25
$448.0M
Q2 25
$1.2B
$-140.0M
Q1 25
$616.0M
Q4 24
$291.0M
Q3 24
$549.0M
Q2 24
$1.1B
$30.0M
Q1 24
$700.0M
Free Cash Flow
BIP
BIP
GAP
GAP
Q4 25
$153.0M
Q3 25
$350.0M
Q2 25
$-223.0M
Q1 25
$499.0M
Q4 24
$143.0M
Q3 24
$460.0M
Q2 24
$-63.0M
Q1 24
$568.0M
FCF Margin
BIP
BIP
GAP
GAP
Q4 25
3.9%
Q3 25
9.4%
Q2 25
-6.4%
Q1 25
12.0%
Q4 24
3.7%
Q3 24
12.4%
Q2 24
-1.9%
Q1 24
13.2%
Capex Intensity
BIP
BIP
GAP
GAP
Q4 25
3.7%
Q3 25
2.6%
Q2 25
2.4%
Q1 25
2.8%
Q4 24
3.9%
Q3 24
2.4%
Q2 24
2.7%
Q1 24
3.1%
Cash Conversion
BIP
BIP
GAP
GAP
Q4 25
1.27×
Q3 25
2.07×
Q2 25
4.72×
-0.73×
Q1 25
2.99×
Q4 24
1.06×
Q3 24
2.67×
Q2 24
5.74×
0.19×
Q1 24
3.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

GAP
GAP

Other$2.2B55%
Online Sales$1.6B40%
CA$191.0M5%
Other Regions$13.0M0%

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