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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Viatris (VTRS). 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× Viatris). On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 5.0%).

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.

Viatris Inc. is an American global pharmaceutical and healthcare corporation headquartered in Canonsburg, Pennsylvania. The corporation was formed through the merger of Mylan and Upjohn, a legacy division of Pfizer, on November 16, 2020.

BIP vs VTRS — Head-to-Head

Bigger by revenue
BIP
BIP
1.5× larger
BIP
$5.4B
$3.7B
VTRS
Growing faster (revenue YoY)
BIP
BIP
+0.7% gap
BIP
5.7%
5.0%
VTRS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIP
BIP
VTRS
VTRS
Revenue
$5.4B
$3.7B
Net Profit
$252.0M
Gross Margin
26.4%
31.1%
Operating Margin
24.4%
-5.2%
Net Margin
4.6%
Revenue YoY
5.7%
5.0%
Net Profit YoY
37.0%
EPS (diluted)
$-0.03
$-0.34

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
VTRS
VTRS
Q4 25
$3.7B
Q3 25
$3.7B
Q2 25
$5.4B
$3.6B
Q1 25
$3.2B
Q4 24
$3.5B
Q3 24
$3.7B
Q2 24
$5.1B
$3.8B
Q1 24
$3.7B
Net Profit
BIP
BIP
VTRS
VTRS
Q4 25
Q3 25
Q2 25
$252.0M
Q1 25
Q4 24
Q3 24
Q2 24
$184.0M
Q1 24
Gross Margin
BIP
BIP
VTRS
VTRS
Q4 25
31.1%
Q3 25
36.6%
Q2 25
26.4%
37.3%
Q1 25
35.8%
Q4 24
34.6%
Q3 24
39.0%
Q2 24
24.6%
38.2%
Q1 24
41.2%
Operating Margin
BIP
BIP
VTRS
VTRS
Q4 25
-5.2%
Q3 25
4.8%
Q2 25
24.4%
6.5%
Q1 25
-88.9%
Q4 24
-5.1%
Q3 24
6.0%
Q2 24
22.8%
-6.3%
Q1 24
5.6%
Net Margin
BIP
BIP
VTRS
VTRS
Q4 25
Q3 25
Q2 25
4.6%
Q1 25
Q4 24
Q3 24
Q2 24
3.6%
Q1 24
EPS (diluted)
BIP
BIP
VTRS
VTRS
Q4 25
$-0.34
Q3 25
$-0.11
Q2 25
$-0.03
$0.00
Q1 25
$-2.55
Q4 24
$-0.43
Q3 24
$0.08
Q2 24
$-0.10
$-0.27
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
BIP
BIP
VTRS
VTRS
Cash + ST InvestmentsLiquidity on hand
$2.3B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$14.7B
Total Assets
$108.7B
$37.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIP
BIP
VTRS
VTRS
Q4 25
$1.3B
Q3 25
$975.3M
Q2 25
$2.3B
$566.4M
Q1 25
$755.0M
Q4 24
$734.8M
Q3 24
$1.9B
Q2 24
$1.3B
$917.2M
Q1 24
$1.0B
Stockholders' Equity
BIP
BIP
VTRS
VTRS
Q4 25
$14.7B
Q3 25
$15.2B
Q2 25
$29.6B
$15.6B
Q1 25
$15.7B
Q4 24
$18.6B
Q3 24
$19.8B
Q2 24
$30.1B
$19.5B
Q1 24
$20.0B
Total Assets
BIP
BIP
VTRS
VTRS
Q4 25
$37.2B
Q3 25
$37.9B
Q2 25
$108.7B
$38.4B
Q1 25
$38.5B
Q4 24
$41.5B
Q3 24
$44.8B
Q2 24
$100.9B
$45.3B
Q1 24
$47.3B

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
VTRS
VTRS
Operating Cash FlowLast quarter
$1.2B
$815.8M
Free Cash FlowOCF − Capex
$619.3M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
4.72×
TTM Free Cash FlowTrailing 4 quarters
$1.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIP
BIP
VTRS
VTRS
Q4 25
$815.8M
Q3 25
$744.9M
Q2 25
$1.2B
$219.7M
Q1 25
$535.5M
Q4 24
$482.7M
Q3 24
$826.5M
Q2 24
$1.1B
$379.1M
Q1 24
$614.6M
Free Cash Flow
BIP
BIP
VTRS
VTRS
Q4 25
$619.3M
Q3 25
$658.1M
Q2 25
$166.8M
Q1 25
$492.9M
Q4 24
$342.3M
Q3 24
$749.5M
Q2 24
$320.3M
Q1 24
$564.8M
FCF Margin
BIP
BIP
VTRS
VTRS
Q4 25
16.8%
Q3 25
17.6%
Q2 25
4.7%
Q1 25
15.2%
Q4 24
9.7%
Q3 24
20.1%
Q2 24
8.5%
Q1 24
15.5%
Capex Intensity
BIP
BIP
VTRS
VTRS
Q4 25
5.3%
Q3 25
2.3%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
4.0%
Q3 24
2.1%
Q2 24
1.6%
Q1 24
1.4%
Cash Conversion
BIP
BIP
VTRS
VTRS
Q4 25
Q3 25
Q2 25
4.72×
Q1 25
Q4 24
Q3 24
Q2 24
5.74×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIP
BIP

Segment breakdown not available.

VTRS
VTRS

Brands$1.2B32%
Generics$1.1B29%
Lipitor$377.3M10%
Norvasc$175.2M5%
Other$136.6M4%
Lyrica$119.8M3%
Viagra$104.2M3%
Creon$98.9M3%
Epi Pen Auto Injectors$79.0M2%
Yupelri$70.6M2%
Effexor$68.1M2%
Zoloft$66.8M2%
Celebrex$66.2M2%
Xalabrands$42.0M1%
Dymista$38.6M1%

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