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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Corning Inc. (GLW). 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 $4.1B, roughly 1.3× Corning Inc.). Corning Inc. runs the higher net margin — 9.3% vs 4.6%, a 4.7% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 0.0%).

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.

Corning Incorporated is an American multinational technology company specializing in glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. Founded in 1851, the company was called Corning Glass Works for most of its history. Corning was known during the 20th century for its consumer product lines, such as including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bake...

BIP vs GLW — Head-to-Head

Bigger by revenue
BIP
BIP
1.3× larger
BIP
$5.4B
$4.1B
GLW
Growing faster (revenue YoY)
BIP
BIP
+5.7% gap
BIP
5.7%
0.0%
GLW
Higher net margin
GLW
GLW
4.7% more per $
GLW
9.3%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIP
BIP
GLW
GLW
Revenue
$5.4B
$4.1B
Net Profit
$252.0M
$387.0M
Gross Margin
26.4%
36.9%
Operating Margin
24.4%
15.4%
Net Margin
4.6%
9.3%
Revenue YoY
5.7%
0.0%
Net Profit YoY
37.0%
-60.0%
EPS (diluted)
$-0.03
$0.43

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
GLW
GLW
Q1 26
$4.1B
Q4 25
$4.2B
Q3 25
$4.1B
Q2 25
$5.4B
$3.9B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.4B
Q2 24
$5.1B
$3.3B
Net Profit
BIP
BIP
GLW
GLW
Q1 26
$387.0M
Q4 25
$540.0M
Q3 25
$430.0M
Q2 25
$252.0M
$469.0M
Q1 25
$157.0M
Q4 24
$310.0M
Q3 24
$-117.0M
Q2 24
$184.0M
$104.0M
Gross Margin
BIP
BIP
GLW
GLW
Q1 26
36.9%
Q4 25
35.5%
Q3 25
37.1%
Q2 25
26.4%
36.0%
Q1 25
35.2%
Q4 24
34.2%
Q3 24
33.5%
Q2 24
24.6%
29.2%
Operating Margin
BIP
BIP
GLW
GLW
Q1 26
15.4%
Q4 25
15.9%
Q3 25
14.4%
Q2 25
24.4%
14.8%
Q1 25
12.9%
Q4 24
11.2%
Q3 24
8.9%
Q2 24
22.8%
5.7%
Net Margin
BIP
BIP
GLW
GLW
Q1 26
9.3%
Q4 25
12.8%
Q3 25
10.5%
Q2 25
4.6%
12.1%
Q1 25
4.5%
Q4 24
8.9%
Q3 24
-3.5%
Q2 24
3.6%
3.2%
EPS (diluted)
BIP
BIP
GLW
GLW
Q1 26
$0.43
Q4 25
$0.61
Q3 25
$0.50
Q2 25
$-0.03
$0.54
Q1 25
$0.18
Q4 24
$0.36
Q3 24
$-0.14
Q2 24
$-0.10
$0.12

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
GLW
GLW
Cash + ST InvestmentsLiquidity on hand
$2.3B
$1.8M
Total DebtLower is stronger
$7.7M
Stockholders' EquityBook value
$29.6B
$12.3M
Total Assets
$108.7B
$31.3M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
GLW
GLW
Q1 26
$1.8M
Q4 25
$1.5B
Q3 25
Q2 25
$2.3B
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
$1.3B
Total Debt
BIP
BIP
GLW
GLW
Q1 26
$7.7M
Q4 25
$7.6B
Q3 25
$7.4B
Q2 25
$6.7B
Q1 25
$7.0B
Q4 24
$6.9B
Q3 24
$7.1B
Q2 24
$6.9B
Stockholders' Equity
BIP
BIP
GLW
GLW
Q1 26
$12.3M
Q4 25
$11.8B
Q3 25
$11.5B
Q2 25
$29.6B
$11.1B
Q1 25
$10.7B
Q4 24
$10.7B
Q3 24
$11.1B
Q2 24
$30.1B
$10.6B
Total Assets
BIP
BIP
GLW
GLW
Q1 26
$31.3M
Q4 25
$31.0B
Q3 25
$29.9B
Q2 25
$108.7B
$28.7B
Q1 25
$27.4B
Q4 24
$27.7B
Q3 24
$28.3B
Q2 24
$100.9B
$27.2B
Debt / Equity
BIP
BIP
GLW
GLW
Q1 26
0.62×
Q4 25
0.65×
Q3 25
0.64×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.64×
Q3 24
0.64×
Q2 24
0.65×

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
GLW
GLW
Operating Cash FlowLast quarter
$1.2B
$362.0M
Free Cash FlowOCF − Capex
$188.0M
FCF MarginFCF / Revenue
4.5%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
4.72×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$1.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
GLW
GLW
Q1 26
$362.0M
Q4 25
$1.1B
Q3 25
$784.0M
Q2 25
$1.2B
$708.0M
Q1 25
$151.0M
Q4 24
$623.0M
Q3 24
$699.0M
Q2 24
$1.1B
$521.0M
Free Cash Flow
BIP
BIP
GLW
GLW
Q1 26
$188.0M
Q4 25
$620.0M
Q3 25
$450.0M
Q2 25
$400.0M
Q1 25
$-57.0M
Q4 24
$369.0M
Q3 24
$482.0M
Q2 24
$279.0M
FCF Margin
BIP
BIP
GLW
GLW
Q1 26
4.5%
Q4 25
14.7%
Q3 25
11.0%
Q2 25
10.4%
Q1 25
-1.7%
Q4 24
10.5%
Q3 24
14.2%
Q2 24
8.6%
Capex Intensity
BIP
BIP
GLW
GLW
Q1 26
8.0%
Q4 25
10.2%
Q3 25
8.1%
Q2 25
8.0%
Q1 25
6.0%
Q4 24
7.3%
Q3 24
6.4%
Q2 24
7.4%
Cash Conversion
BIP
BIP
GLW
GLW
Q1 26
0.94×
Q4 25
1.95×
Q3 25
1.82×
Q2 25
4.72×
1.51×
Q1 25
0.96×
Q4 24
2.01×
Q3 24
Q2 24
5.74×
5.01×

Financial Flow Comparison

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

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