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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and IQVIA (IQV). 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 $4.4B, roughly 1.2× IQVIA). IQVIA runs the higher net margin — 11.8% vs 4.6%, a 7.1% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% 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.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
BIP vs IQV — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $4.4B |
| Net Profit | $252.0M | $514.0M |
| Gross Margin | 26.4% | — |
| Operating Margin | 24.4% | 14.4% |
| Net Margin | 4.6% | 11.8% |
| Revenue YoY | 5.7% | 10.3% |
| Net Profit YoY | 37.0% | 17.6% |
| EPS (diluted) | $-0.03 | $2.97 |
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 | — | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | $5.4B | $4.0B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | $5.1B | $3.8B | ||
| Q1 24 | — | $3.7B |
| Q4 25 | — | $514.0M | ||
| Q3 25 | — | $331.0M | ||
| Q2 25 | $252.0M | $266.0M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $437.0M | ||
| Q3 24 | — | $285.0M | ||
| Q2 24 | $184.0M | $363.0M | ||
| Q1 24 | — | $288.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | 24.6% | 22.6% | ||
| Q1 24 | — | 22.1% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | 24.4% | 12.6% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | 22.8% | 13.6% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | 4.6% | 6.6% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | 3.6% | 9.5% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | $2.97 | ||
| Q3 25 | — | $1.93 | ||
| Q2 25 | $-0.03 | $1.54 | ||
| Q1 25 | — | $1.40 | ||
| Q4 24 | — | $2.41 | ||
| Q3 24 | — | $1.55 | ||
| Q2 24 | $-0.10 | $1.97 | ||
| Q1 24 | — | $1.56 |
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 | — | — |
| Stockholders' EquityBook value | $29.6B | $6.5B |
| Total Assets | $108.7B | $29.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $2.3B | $2.2B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | — | $6.5B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $29.6B | $5.8B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | $30.1B | $6.7B | ||
| Q1 24 | — | $6.3B |
| Q4 25 | — | $29.9B | ||
| Q3 25 | — | $28.7B | ||
| Q2 25 | $108.7B | $28.6B | ||
| Q1 25 | — | $27.3B | ||
| Q4 24 | — | $26.9B | ||
| Q3 24 | — | $27.2B | ||
| Q2 24 | $100.9B | $26.4B | ||
| Q1 24 | — | $26.6B |
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 | $735.0M |
| Free Cash FlowOCF − Capex | — | $561.0M |
| FCF MarginFCF / Revenue | — | 12.9% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | 4.72× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $735.0M | ||
| Q3 25 | — | $908.0M | ||
| Q2 25 | $1.2B | $443.0M | ||
| Q1 25 | — | $568.0M | ||
| Q4 24 | — | $885.0M | ||
| Q3 24 | — | $721.0M | ||
| Q2 24 | $1.1B | $588.0M | ||
| Q1 24 | — | $522.0M |
| Q4 25 | — | $561.0M | ||
| Q3 25 | — | $772.0M | ||
| Q2 25 | — | $292.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | — | $721.0M | ||
| Q3 24 | — | $571.0M | ||
| Q2 24 | — | $445.0M | ||
| Q1 24 | — | $377.0M |
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 10.1% |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | 1.43× | ||
| Q3 25 | — | 2.74× | ||
| Q2 25 | 4.72× | 1.67× | ||
| Q1 25 | — | 2.28× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 5.74× | 1.62× | ||
| Q1 24 | — | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
