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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and TE Connectivity (TEL). 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 $4.7B, roughly 1.2× TE Connectivity). TE Connectivity runs the higher net margin — 16.1% vs 4.6%, a 11.4% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% 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.

TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.

BIP vs TEL — Head-to-Head

Bigger by revenue
BIP
BIP
1.2× larger
BIP
$5.4B
$4.7B
TEL
Growing faster (revenue YoY)
TEL
TEL
+16.1% gap
TEL
21.7%
5.7%
BIP
Higher net margin
TEL
TEL
11.4% more per $
TEL
16.1%
4.6%
BIP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIP
BIP
TEL
TEL
Revenue
$5.4B
$4.7B
Net Profit
$252.0M
$750.0M
Gross Margin
26.4%
37.2%
Operating Margin
24.4%
20.6%
Net Margin
4.6%
16.1%
Revenue YoY
5.7%
21.7%
Net Profit YoY
37.0%
42.0%
EPS (diluted)
$-0.03
$2.53

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
TEL
TEL
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$5.4B
$4.5B
Q1 25
$4.1B
Q4 24
$3.8B
Q3 24
$4.1B
Q2 24
$5.1B
$4.0B
Q1 24
$4.0B
Net Profit
BIP
BIP
TEL
TEL
Q4 25
$750.0M
Q3 25
$663.0M
Q2 25
$252.0M
$638.0M
Q1 25
$13.0M
Q4 24
$528.0M
Q3 24
$276.0M
Q2 24
$184.0M
$573.0M
Q1 24
$541.0M
Gross Margin
BIP
BIP
TEL
TEL
Q4 25
37.2%
Q3 25
35.0%
Q2 25
26.4%
35.3%
Q1 25
35.2%
Q4 24
35.5%
Q3 24
34.0%
Q2 24
24.6%
34.8%
Q1 24
34.4%
Operating Margin
BIP
BIP
TEL
TEL
Q4 25
20.6%
Q3 25
19.3%
Q2 25
24.4%
18.9%
Q1 25
18.1%
Q4 24
18.0%
Q3 24
16.0%
Q2 24
22.8%
19.0%
Q1 24
17.4%
Net Margin
BIP
BIP
TEL
TEL
Q4 25
16.1%
Q3 25
14.0%
Q2 25
4.6%
14.1%
Q1 25
0.3%
Q4 24
13.8%
Q3 24
6.8%
Q2 24
3.6%
14.4%
Q1 24
13.6%
EPS (diluted)
BIP
BIP
TEL
TEL
Q4 25
$2.53
Q3 25
$2.23
Q2 25
$-0.03
$2.14
Q1 25
$0.04
Q4 24
$1.75
Q3 24
$0.96
Q2 24
$-0.10
$1.86
Q1 24
$1.75

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
TEL
TEL
Cash + ST InvestmentsLiquidity on hand
$2.3B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$13.0B
Total Assets
$108.7B
$25.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
TEL
TEL
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$2.3B
$672.0M
Q1 25
$2.6B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
$1.5B
Q1 24
$1.2B
Stockholders' Equity
BIP
BIP
TEL
TEL
Q4 25
$13.0B
Q3 25
$12.6B
Q2 25
$29.6B
$12.4B
Q1 25
$12.1B
Q4 24
$12.4B
Q3 24
$12.4B
Q2 24
$30.1B
$12.6B
Q1 24
$12.4B
Total Assets
BIP
BIP
TEL
TEL
Q4 25
$25.6B
Q3 25
$25.1B
Q2 25
$108.7B
$24.9B
Q1 25
$23.7B
Q4 24
$22.4B
Q3 24
$22.9B
Q2 24
$100.9B
$22.9B
Q1 24
$22.8B

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
TEL
TEL
Operating Cash FlowLast quarter
$1.2B
$865.0M
Free Cash FlowOCF − Capex
$607.0M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
4.72×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$3.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
TEL
TEL
Q4 25
$865.0M
Q3 25
$1.4B
Q2 25
$1.2B
$1.2B
Q1 25
$653.0M
Q4 24
$878.0M
Q3 24
$1.0B
Q2 24
$1.1B
$1.0B
Q1 24
$710.0M
Free Cash Flow
BIP
BIP
TEL
TEL
Q4 25
$607.0M
Q3 25
$1.1B
Q2 25
$957.0M
Q1 25
$423.0M
Q4 24
$673.0M
Q3 24
$829.0M
Q2 24
$857.0M
Q1 24
$543.0M
FCF Margin
BIP
BIP
TEL
TEL
Q4 25
13.0%
Q3 25
24.2%
Q2 25
21.1%
Q1 25
10.2%
Q4 24
17.5%
Q3 24
20.4%
Q2 24
21.5%
Q1 24
13.7%
Capex Intensity
BIP
BIP
TEL
TEL
Q4 25
5.5%
Q3 25
5.7%
Q2 25
5.1%
Q1 25
5.6%
Q4 24
5.3%
Q3 24
5.2%
Q2 24
3.7%
Q1 24
4.2%
Cash Conversion
BIP
BIP
TEL
TEL
Q4 25
1.15×
Q3 25
2.14×
Q2 25
4.72×
1.86×
Q1 25
50.23×
Q4 24
1.66×
Q3 24
3.78×
Q2 24
5.74×
1.76×
Q1 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

TEL
TEL

Automotive Industry End Market$1.9B40%
Digital Data Networks$707.0M15%
Automation And Connected Living Industry End Market$549.0M12%
Energy Industry End Market$406.0M9%
Aerospace Defense And Marine Industry End Market$381.0M8%
Commercial Transportation Industry End Market$370.0M8%
Sensors Industry End Market$212.0M5%
Medical Industry End Market$159.0M3%

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