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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Charles Schwab Corporation (SCHW). Click either name above to swap in a different company.

Charles Schwab Corporation is the larger business by last-quarter revenue ($6.3B vs $5.4B, roughly 1.2× Brookfield Infrastructure Partners L.P.). Charles Schwab Corporation runs the higher net margin — 38.8% vs 4.6%, a 34.2% gap on every dollar of revenue. On growth, Charles Schwab Corporation posted the faster year-over-year revenue change (18.9% 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.

Charles Schwab Corporation is a leading U.S. financial services firm offering brokerage, wealth management, banking, retirement planning, and investment advisory services. It serves individual investors, independent advisors and corporate clients across North America, focusing on low-cost accessible financial products and digital tools.

BIP vs SCHW — Head-to-Head

Bigger by revenue
SCHW
SCHW
1.2× larger
SCHW
$6.3B
$5.4B
BIP
Growing faster (revenue YoY)
SCHW
SCHW
+13.2% gap
SCHW
18.9%
5.7%
BIP
Higher net margin
SCHW
SCHW
34.2% more per $
SCHW
38.8%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
SCHW
SCHW
Revenue
$5.4B
$6.3B
Net Profit
$252.0M
$2.5B
Gross Margin
26.4%
Operating Margin
24.4%
50.2%
Net Margin
4.6%
38.8%
Revenue YoY
5.7%
18.9%
Net Profit YoY
37.0%
33.6%
EPS (diluted)
$-0.03
$1.32

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
SCHW
SCHW
Q4 25
$6.3B
Q3 25
$6.1B
Q2 25
$5.4B
$5.9B
Q1 25
$5.6B
Q4 24
$5.3B
Q3 24
$4.8B
Q2 24
$5.1B
$4.7B
Q1 24
$4.7B
Net Profit
BIP
BIP
SCHW
SCHW
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$252.0M
$2.1B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.4B
Q2 24
$184.0M
$1.3B
Q1 24
$1.4B
Gross Margin
BIP
BIP
SCHW
SCHW
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Q1 24
Operating Margin
BIP
BIP
SCHW
SCHW
Q4 25
50.2%
Q3 25
49.2%
Q2 25
24.4%
47.9%
Q1 25
43.8%
Q4 24
43.3%
Q3 24
38.0%
Q2 24
22.8%
37.2%
Q1 24
37.9%
Net Margin
BIP
BIP
SCHW
SCHW
Q4 25
38.8%
Q3 25
38.4%
Q2 25
4.6%
36.3%
Q1 25
34.1%
Q4 24
34.5%
Q3 24
29.0%
Q2 24
3.6%
28.4%
Q1 24
28.7%
EPS (diluted)
BIP
BIP
SCHW
SCHW
Q4 25
$1.32
Q3 25
$1.26
Q2 25
$-0.03
$1.08
Q1 25
$0.99
Q4 24
$0.94
Q3 24
$0.71
Q2 24
$-0.10
$0.66
Q1 24
$0.68

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
SCHW
SCHW
Cash + ST InvestmentsLiquidity on hand
$2.3B
$46.0B
Total DebtLower is stronger
$22.2B
Stockholders' EquityBook value
$29.6B
$49.4B
Total Assets
$108.7B
$491.0B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
SCHW
SCHW
Q4 25
$46.0B
Q3 25
$30.6B
Q2 25
$2.3B
$32.2B
Q1 25
$35.0B
Q4 24
$42.1B
Q3 24
$34.9B
Q2 24
$1.3B
$25.4B
Q1 24
$31.8B
Total Debt
BIP
BIP
SCHW
SCHW
Q4 25
$22.2B
Q3 25
$20.2B
Q2 25
$20.2B
Q1 25
$21.5B
Q4 24
$22.4B
Q3 24
$22.4B
Q2 24
$22.4B
Q1 24
$22.9B
Stockholders' Equity
BIP
BIP
SCHW
SCHW
Q4 25
$49.4B
Q3 25
$49.4B
Q2 25
$29.6B
$49.5B
Q1 25
$49.5B
Q4 24
$48.4B
Q3 24
$47.2B
Q2 24
$30.1B
$44.0B
Q1 24
$42.4B
Total Assets
BIP
BIP
SCHW
SCHW
Q4 25
$491.0B
Q3 25
$465.3B
Q2 25
$108.7B
$458.9B
Q1 25
$462.9B
Q4 24
$479.8B
Q3 24
$466.1B
Q2 24
$100.9B
$449.7B
Q1 24
$468.8B
Debt / Equity
BIP
BIP
SCHW
SCHW
Q4 25
0.45×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.46×
Q3 24
0.48×
Q2 24
0.51×
Q1 24
0.54×

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
SCHW
SCHW
Operating Cash FlowLast quarter
$1.2B
$-763.0M
Free Cash FlowOCF − Capex
$-921.0M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
4.72×
-0.31×
TTM Free Cash FlowTrailing 4 quarters
$8.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
SCHW
SCHW
Q4 25
$-763.0M
Q3 25
$538.0M
Q2 25
$1.2B
$3.2B
Q1 25
$6.4B
Q4 24
$-10.8B
Q3 24
$19.1B
Q2 24
$1.1B
$-4.3B
Q1 24
$-1.3B
Free Cash Flow
BIP
BIP
SCHW
SCHW
Q4 25
$-921.0M
Q3 25
$393.0M
Q2 25
$3.0B
Q1 25
$6.2B
Q4 24
$-11.1B
Q3 24
$19.0B
Q2 24
$-4.3B
Q1 24
$-1.5B
FCF Margin
BIP
BIP
SCHW
SCHW
Q4 25
-14.5%
Q3 25
6.4%
Q2 25
52.1%
Q1 25
111.5%
Q4 24
-207.9%
Q3 24
391.4%
Q2 24
-92.6%
Q1 24
-31.6%
Capex Intensity
BIP
BIP
SCHW
SCHW
Q4 25
2.5%
Q3 25
2.4%
Q2 25
2.2%
Q1 25
2.1%
Q4 24
4.8%
Q3 24
2.6%
Q2 24
1.9%
Q1 24
3.1%
Cash Conversion
BIP
BIP
SCHW
SCHW
Q4 25
-0.31×
Q3 25
0.23×
Q2 25
4.72×
1.49×
Q1 25
3.33×
Q4 24
-5.88×
Q3 24
13.56×
Q2 24
5.74×
-3.19×
Q1 24
-0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

SCHW
SCHW

Investor Services$5.0B79%
Order Flow Revenue$531.0M8%
Commissions$482.0M8%
Other$127.0M2%
Financial Service Other$100.0M2%
Principal Transactions$53.0M1%

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