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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and W. R. Berkley Corporation (WRB). 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× W. R. Berkley Corporation). W. R. Berkley Corporation runs the higher net margin — 14.0% vs 4.6%, a 9.3% gap on every dollar of revenue. On growth, Brookfield Infrastructure Partners L.P. posted the faster year-over-year revenue change (5.7% vs 4.0%).
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.
William Robert Berkley is the founder and current chairman of W. R. Berkley Corporation and the chairman of the New York University Board of Trustees.
BIP vs WRB — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $3.7B |
| Net Profit | $252.0M | $515.2M |
| Gross Margin | 26.4% | — |
| Operating Margin | 24.4% | — |
| Net Margin | 4.6% | 14.0% |
| Revenue YoY | 5.7% | 4.0% |
| Net Profit YoY | 37.0% | — |
| EPS (diluted) | $-0.03 | $1.31 |
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.
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $5.4B | $3.7B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $5.1B | $3.3B |
| Q1 26 | — | $515.2M | ||
| Q4 25 | — | $449.5M | ||
| Q3 25 | — | $511.0M | ||
| Q2 25 | $252.0M | $401.3M | ||
| Q1 25 | — | $417.6M | ||
| Q4 24 | — | $576.1M | ||
| Q3 24 | — | $365.6M | ||
| Q2 24 | $184.0M | $371.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 26.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 24.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | 24.4% | 14.2% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | 22.8% | 14.7% |
| Q1 26 | — | 14.0% | ||
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 4.6% | 10.9% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | 3.6% | 11.2% |
| Q1 26 | — | $1.31 | ||
| Q4 25 | — | $1.13 | ||
| Q3 25 | — | $1.28 | ||
| Q2 25 | $-0.03 | $1.00 | ||
| Q1 25 | — | $1.04 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.91 | ||
| Q2 24 | $-0.10 | $0.92 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $2.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $29.6B | — |
| Total Assets | $108.7B | $44.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | $2.3B | $2.0B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.7B | ||
| Q3 25 | — | $9.8B | ||
| Q2 25 | $29.6B | $9.3B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | $30.1B | $7.8B |
| Q1 26 | — | $44.3B | ||
| Q4 25 | — | $44.1B | ||
| Q3 25 | — | $43.7B | ||
| Q2 25 | $108.7B | $42.7B | ||
| Q1 25 | — | $41.3B | ||
| Q4 24 | — | $40.6B | ||
| Q3 24 | — | $40.4B | ||
| Q2 24 | $100.9B | $38.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.2B | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $995.1M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $1.2B | $703.8M | ||
| Q1 25 | — | $743.8M | ||
| Q4 24 | — | $810.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $1.1B | $881.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 2.23× | ||
| Q2 25 | 4.72× | 1.75× | ||
| Q1 25 | — | 1.78× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | 3.39× | ||
| Q2 24 | 5.74× | 2.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
