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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $5.4B, roughly 1.2× Brookfield Infrastructure Partners L.P.). Brookfield Infrastructure Partners L.P. runs the higher net margin — 4.6% vs 1.9%, a 2.8% 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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
BIP vs XYZ — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $6.3B |
| Net Profit | $252.0M | $115.8M |
| Gross Margin | 26.4% | 45.9% |
| Operating Margin | 24.4% | 7.8% |
| Net Margin | 4.6% | 1.9% |
| Revenue YoY | 5.7% | 3.6% |
| Net Profit YoY | 37.0% | -94.1% |
| EPS (diluted) | $-0.03 | $0.19 |
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.
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.0B | ||
| Q2 24 | $5.1B | $6.2B | ||
| Q1 24 | — | $6.0B |
| Q4 25 | — | $115.8M | ||
| Q3 25 | — | $461.5M | ||
| Q2 25 | $252.0M | $538.5M | ||
| Q1 25 | — | $189.9M | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $283.8M | ||
| Q2 24 | $184.0M | $195.3M | ||
| Q1 24 | — | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | 26.4% | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | 24.6% | 36.3% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | 24.4% | 8.0% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | 22.8% | 5.0% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | 4.6% | 8.9% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | 3.6% | 3.2% | ||
| Q1 24 | — | 7.9% |
| Q4 25 | — | $0.19 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | $-0.03 | $0.87 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | — | $3.06 | ||
| Q3 24 | — | $0.45 | ||
| Q2 24 | $-0.10 | $0.31 | ||
| Q1 24 | — | $0.74 |
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 | $6.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $29.6B | $22.2B |
| Total Assets | $108.7B | $39.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.6B | ||
| Q3 25 | — | $8.3B | ||
| Q2 25 | $2.3B | $6.4B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | $1.3B | $7.8B | ||
| Q1 24 | — | $5.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | — | $22.2B | ||
| Q3 25 | — | $22.5B | ||
| Q2 25 | $29.6B | $22.2B | ||
| Q1 25 | — | $21.5B | ||
| Q4 24 | — | $21.3B | ||
| Q3 24 | — | $19.9B | ||
| Q2 24 | $30.1B | $19.3B | ||
| Q1 24 | — | $19.0B |
| Q4 25 | — | $39.5B | ||
| Q3 25 | — | $39.2B | ||
| Q2 25 | $108.7B | $36.9B | ||
| Q1 25 | — | $36.4B | ||
| Q4 24 | — | $36.8B | ||
| Q3 24 | — | $36.4B | ||
| Q2 24 | $100.9B | $37.5B | ||
| Q1 24 | — | $35.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | — | $579.8M |
| FCF MarginFCF / Revenue | — | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 4.72× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $621.0M | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.2B | $374.3M | ||
| Q1 25 | — | $133.3M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $684.8M | ||
| Q2 24 | $1.1B | $519.4M | ||
| Q1 24 | — | $489.4M |
| Q4 25 | — | $579.8M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $343.0M | ||
| Q1 25 | — | $101.5M | ||
| Q4 24 | — | $-13.2M | ||
| Q3 24 | — | $628.2M | ||
| Q2 24 | — | $481.0M | ||
| Q1 24 | — | $457.4M |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | -0.2% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 5.36× | ||
| Q3 25 | — | 3.14× | ||
| Q2 25 | 4.72× | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | 5.74× | 2.66× | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIP
Segment breakdown not available.
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
