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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Molson Coors Beverage Company (TAP). 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 $3.1B, roughly 1.7× Molson Coors Beverage Company). Molson Coors Beverage Company runs the higher net margin — 7.6% vs 4.6%, a 3.0% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs -3.6%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

BIP vs TAP — Head-to-Head

Bigger by revenue
BIP
BIP
1.7× larger
BIP
$5.4B
$3.1B
TAP
Growing faster (revenue YoY)
BIP
BIP
+9.3% gap
BIP
5.7%
-3.6%
TAP
Higher net margin
TAP
TAP
3.0% more per $
TAP
7.6%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
TAP
TAP
Revenue
$5.4B
$3.1B
Net Profit
$252.0M
$238.3M
Gross Margin
26.4%
31.0%
Operating Margin
24.4%
10.4%
Net Margin
4.6%
7.6%
Revenue YoY
5.7%
-3.6%
Net Profit YoY
37.0%
-17.2%
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
TAP
TAP
Q4 25
$3.1B
Q3 25
$3.5B
Q2 25
$5.4B
$3.7B
Q1 25
$2.7B
Q4 24
$3.2B
Q3 24
$3.6B
Q2 24
$5.1B
$3.8B
Q1 24
$3.0B
Net Profit
BIP
BIP
TAP
TAP
Q4 25
$238.3M
Q3 25
$-2.9B
Q2 25
$252.0M
$428.7M
Q1 25
$121.0M
Q4 24
$287.8M
Q3 24
$199.8M
Q2 24
$184.0M
$427.0M
Q1 24
$207.8M
Gross Margin
BIP
BIP
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
26.4%
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
24.6%
34.6%
Q1 24
31.6%
Operating Margin
BIP
BIP
TAP
TAP
Q4 25
10.4%
Q3 25
-98.5%
Q2 25
24.4%
15.6%
Q1 25
6.9%
Q4 24
12.0%
Q3 24
12.5%
Q2 24
22.8%
15.6%
Q1 24
10.3%
Net Margin
BIP
BIP
TAP
TAP
Q4 25
7.6%
Q3 25
-84.0%
Q2 25
4.6%
11.5%
Q1 25
4.5%
Q4 24
8.9%
Q3 24
5.5%
Q2 24
3.6%
11.1%
Q1 24
6.8%
EPS (diluted)
BIP
BIP
TAP
TAP
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$-0.03
$2.13
Q1 25
$0.59
Q4 24
$1.39
Q3 24
$0.96
Q2 24
$-0.10
$2.03
Q1 24
$0.97

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$2.3B
$896.5M
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$29.6B
$10.2B
Total Assets
$108.7B
$22.7B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
TAP
TAP
Q4 25
$896.5M
Q3 25
$950.2M
Q2 25
$2.3B
$613.8M
Q1 25
$412.7M
Q4 24
$969.3M
Q3 24
$1.0B
Q2 24
$1.3B
$1.6B
Q1 24
$458.4M
Total Debt
BIP
BIP
TAP
TAP
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Q1 24
$6.2B
Stockholders' Equity
BIP
BIP
TAP
TAP
Q4 25
$10.2B
Q3 25
$10.3B
Q2 25
$29.6B
$13.4B
Q1 25
$13.1B
Q4 24
$13.1B
Q3 24
$13.3B
Q2 24
$30.1B
$13.2B
Q1 24
$13.1B
Total Assets
BIP
BIP
TAP
TAP
Q4 25
$22.7B
Q3 25
$22.9B
Q2 25
$108.7B
$26.8B
Q1 25
$25.9B
Q4 24
$26.1B
Q3 24
$26.6B
Q2 24
$100.9B
$27.4B
Q1 24
$26.1B
Debt / Equity
BIP
BIP
TAP
TAP
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×
Q1 24
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$1.2B
$540.7M
Free Cash FlowOCF − Capex
$357.8M
FCF MarginFCF / Revenue
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
4.72×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
TAP
TAP
Q4 25
$540.7M
Q3 25
$616.1M
Q2 25
$1.2B
$718.3M
Q1 25
$-90.7M
Q4 24
$494.5M
Q3 24
$521.2M
Q2 24
$1.1B
$869.2M
Q1 24
$25.4M
Free Cash Flow
BIP
BIP
TAP
TAP
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
Q1 24
$-189.3M
FCF Margin
BIP
BIP
TAP
TAP
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Q1 24
-6.2%
Capex Intensity
BIP
BIP
TAP
TAP
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Q1 24
7.0%
Cash Conversion
BIP
BIP
TAP
TAP
Q4 25
2.27×
Q3 25
Q2 25
4.72×
1.68×
Q1 25
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
5.74×
2.04×
Q1 24
0.12×

Financial Flow Comparison

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

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