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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and TELUS CORP (TU). 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 $3.7B, roughly 1.5× TELUS CORP). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs -4.8%, a 9.5% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 2.2%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

BIP vs TU — Head-to-Head

Bigger by revenue
BIP
BIP
1.5× larger
BIP
$5.4B
$3.7B
TU
Growing faster (revenue YoY)
BIP
BIP
+3.5% gap
BIP
5.7%
2.2%
TU
Higher net margin
BIP
BIP
9.5% more per $
BIP
4.6%
-4.8%
TU

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
BIP
BIP
TU
TU
Revenue
$5.4B
$3.7B
Net Profit
$252.0M
$-178.8M
Gross Margin
26.4%
90.2%
Operating Margin
24.4%
3.4%
Net Margin
4.6%
-4.8%
Revenue YoY
5.7%
2.2%
Net Profit YoY
37.0%
-210.9%
EPS (diluted)
$-0.03

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
TU
TU
Q2 25
$5.4B
$3.7B
Q2 24
$5.1B
$3.6B
Q2 23
$4.3B
Q2 22
$3.7B
Net Profit
BIP
BIP
TU
TU
Q2 25
$252.0M
$-178.8M
Q2 24
$184.0M
$161.3M
Q2 23
$773.0M
Q2 22
$425.0M
Gross Margin
BIP
BIP
TU
TU
Q2 25
26.4%
90.2%
Q2 24
24.6%
87.9%
Q2 23
22.9%
Q2 22
26.3%
Operating Margin
BIP
BIP
TU
TU
Q2 25
24.4%
3.4%
Q2 24
22.8%
13.7%
Q2 23
20.4%
Q2 22
23.4%
Net Margin
BIP
BIP
TU
TU
Q2 25
4.6%
-4.8%
Q2 24
3.6%
4.4%
Q2 23
18.2%
Q2 22
11.5%
EPS (diluted)
BIP
BIP
TU
TU
Q2 25
$-0.03
Q2 24
$-0.10
Q2 23
$0.38
Q2 22
$0.13

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
TU
TU
Cash + ST InvestmentsLiquidity on hand
$2.3B
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$11.8B
Total Assets
$108.7B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
TU
TU
Q2 25
$2.3B
$2.7B
Q2 24
$1.3B
$676.7M
Q2 23
$1.4B
Q2 22
$1.3B
Stockholders' Equity
BIP
BIP
TU
TU
Q2 25
$29.6B
$11.8B
Q2 24
$30.1B
$12.4B
Q2 23
$28.6B
Q2 22
$26.0B
Total Assets
BIP
BIP
TU
TU
Q2 25
$108.7B
$44.3B
Q2 24
$100.9B
$41.8B
Q2 23
$81.7B
Q2 22
$73.9B

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
TU
TU
Operating Cash FlowLast quarter
$1.2B
$851.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
TU
TU
Q2 25
$1.2B
$851.2M
Q2 24
$1.1B
$1.0B
Q2 23
$970.0M
Q2 22
$734.0M
Cash Conversion
BIP
BIP
TU
TU
Q2 25
4.72×
Q2 24
5.74×
6.28×
Q2 23
1.25×
Q2 22
1.73×

Financial Flow Comparison

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

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