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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and BioNTech SE (BNTX). Click either name above to swap in a different company.

BioNTech SE is the larger business by last-quarter revenue ($1.5B vs $866.0M, roughly 1.8× Brookfield Infrastructure Corp). BioNTech SE runs the higher net margin — -1.9% vs -35.7%, a 33.8% gap on every dollar of revenue.

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.

BioNTech SE is a German multinational biotechnology company headquartered in Mainz that develops immunotherapies and vaccines, particularly for cancer and infectious diseases.

BIPC vs BNTX — Head-to-Head

Bigger by revenue
BNTX
BNTX
1.8× larger
BNTX
$1.5B
$866.0M
BIPC
Higher net margin
BNTX
BNTX
33.8% more per $
BNTX
-1.9%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BIPC
BIPC
BNTX
BNTX
Revenue
$866.0M
$1.5B
Net Profit
$-309.0M
$-28.7M
Gross Margin
65.0%
Operating Margin
62.7%
-3.1%
Net Margin
-35.7%
-1.9%
Revenue YoY
-4.6%
Net Profit YoY
-148.1%
EPS (diluted)

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
BIPC
BIPC
BNTX
BNTX
Q3 25
$1.5B
Q2 25
$866.0M
$260.8M
Q3 24
$1.2B
Q2 24
$908.0M
Q2 23
$538.0M
Q2 22
$479.0M
Net Profit
BIPC
BIPC
BNTX
BNTX
Q3 25
$-28.7M
Q2 25
$-309.0M
$-386.6M
Q3 24
$198.1M
Q2 24
$643.0M
Q2 23
$-154.0M
Q2 22
$842.0M
Gross Margin
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
65.0%
Q3 24
Q2 24
63.8%
Q2 23
72.3%
Q2 22
72.7%
Operating Margin
BIPC
BIPC
BNTX
BNTX
Q3 25
-3.1%
Q2 25
62.7%
-192.1%
Q3 24
0.8%
Q2 24
61.9%
Q2 23
69.1%
Q2 22
69.1%
Net Margin
BIPC
BIPC
BNTX
BNTX
Q3 25
-1.9%
Q2 25
-35.7%
-148.2%
Q3 24
15.9%
Q2 24
70.8%
Q2 23
-28.6%
Q2 22
175.8%

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
BNTX
BNTX
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$23.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
$1.2B
Q3 24
Q2 24
$466.0M
Q2 23
$356.0M
Q2 22
$512.0M
Stockholders' Equity
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
$2.2B
Q3 24
Q2 24
$3.5B
Q2 23
$-764.0M
Q2 22
$-1.1B
Total Assets
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
$23.9B
Q3 24
Q2 24
$23.7B
Q2 23
$11.0B
Q2 22
$10.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BIPC
BIPC
BNTX
BNTX
Operating Cash FlowLast quarter
$478.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
$478.0M
Q3 24
Q2 24
$511.0M
Q2 23
$265.0M
Q2 22
$232.0M
Cash Conversion
BIPC
BIPC
BNTX
BNTX
Q3 25
Q2 25
Q3 24
Q2 24
0.79×
Q2 23
Q2 22
0.28×

Financial Flow Comparison

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

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