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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Cheniere Energy, Inc. (LNG). 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 $5.4B, roughly 1.0× Cheniere Energy, Inc.). Cheniere Energy, Inc. runs the higher net margin — 42.8% vs 4.6%, a 38.2% gap on every dollar of revenue. On growth, Cheniere Energy, Inc. posted the faster year-over-year revenue change (20.3% 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.
Cheniere Energy, Inc. is an American liquefied natural gas (LNG) company headquartered in Houston, Texas.
BIP vs LNG — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $5.4B |
| Net Profit | $252.0M | $2.3B |
| Gross Margin | 26.4% | — |
| Operating Margin | 24.4% | 70.8% |
| Net Margin | 4.6% | 42.8% |
| Revenue YoY | 5.7% | 20.3% |
| Net Profit YoY | 37.0% | 135.6% |
| EPS (diluted) | $-0.03 | $10.51 |
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.
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | $5.4B | $4.5B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $5.1B | $3.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $252.0M | $1.6B | ||
| Q1 25 | — | $353.0M | ||
| Q4 24 | — | $977.0M | ||
| Q3 24 | — | $893.0M | ||
| Q2 24 | $184.0M | $880.0M | ||
| Q1 24 | — | $502.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 70.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | 24.4% | 56.1% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 38.9% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | 22.8% | 50.5% | ||
| Q1 24 | — | 28.0% |
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | 4.6% | 36.1% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 24.2% | ||
| Q2 24 | 3.6% | 28.0% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | — | $10.51 | ||
| Q3 25 | — | $4.75 | ||
| Q2 25 | $-0.03 | $7.30 | ||
| Q1 25 | — | $1.57 | ||
| Q4 24 | — | $4.30 | ||
| Q3 24 | — | $3.93 | ||
| Q2 24 | $-0.10 | $3.84 | ||
| Q1 24 | — | $2.13 |
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 | $1.1B |
| Total DebtLower is stronger | — | $22.5B |
| Stockholders' EquityBook value | $29.6B | $7.9B |
| Total Assets | $108.7B | $47.9B |
| Debt / EquityLower = less leverage | — | 2.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | — | $22.5B | ||
| Q3 25 | — | $22.0B | ||
| Q2 25 | — | $22.0B | ||
| Q1 25 | — | $22.5B | ||
| Q4 24 | — | $22.6B | ||
| Q3 24 | — | $22.5B | ||
| Q2 24 | — | $22.6B | ||
| Q1 24 | — | $21.4B |
| Q4 25 | — | $7.9B | ||
| Q3 25 | — | $6.7B | ||
| Q2 25 | $29.6B | $6.7B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | $30.1B | $4.5B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | — | $47.9B | ||
| Q3 25 | — | $45.1B | ||
| Q2 25 | $108.7B | $44.6B | ||
| Q1 25 | — | $43.5B | ||
| Q4 24 | — | $43.9B | ||
| Q3 24 | — | $43.1B | ||
| Q2 24 | $100.9B | $42.3B | ||
| Q1 24 | — | $42.9B |
| Q4 25 | — | 2.84× | ||
| Q3 25 | — | 3.25× | ||
| Q2 25 | — | 3.28× | ||
| Q1 25 | — | 4.03× | ||
| Q4 24 | — | 3.96× | ||
| Q3 24 | — | 4.42× | ||
| Q2 24 | — | 5.06× | ||
| Q1 24 | — | 5.04× |
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 | $2.1B |
| Free Cash FlowOCF − Capex | — | $1.3B |
| FCF MarginFCF / Revenue | — | 24.4% |
| Capex IntensityCapex / Revenue | — | 13.8% |
| Cash ConversionOCF / Net Profit | 4.72× | 0.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.2B | $831.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $738.0M | ||
| Q2 25 | — | $-193.0M | ||
| Q1 25 | — | $605.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $875.0M | ||
| Q2 24 | — | $613.0M | ||
| Q1 24 | — | $596.0M |
| Q4 25 | — | 24.4% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | -4.3% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 24.0% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 19.5% | ||
| Q1 24 | — | 14.5% |
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 15.8% |
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 4.72× | 0.51× | ||
| Q1 25 | — | 3.48× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | 5.74× | 1.27× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIP
Segment breakdown not available.
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
