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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and BOK FINANCIAL CORP (BOKF). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $589.6M, roughly 1.5× BOK FINANCIAL CORP). BOK FINANCIAL CORP runs the higher net margin — 30.1% vs -35.7%, a 65.8% gap on every dollar of revenue. On growth, BOK FINANCIAL CORP posted the faster year-over-year revenue change (12.7% vs -4.6%).

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.

BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company headquartered in Tulsa, Oklahoma. Offering a full complement of retail and commercial banking products and services across the American Midwest and Southwest, the company is one of the 50 largest financial services firms in the U.S., and the largest in Oklahoma.

BIPC vs BOKF — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.5× larger
BIPC
$866.0M
$589.6M
BOKF
Growing faster (revenue YoY)
BOKF
BOKF
+17.3% gap
BOKF
12.7%
-4.6%
BIPC
Higher net margin
BOKF
BOKF
65.8% more per $
BOKF
30.1%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
BOKF
BOKF
Revenue
$866.0M
$589.6M
Net Profit
$-309.0M
$177.3M
Gross Margin
65.0%
Operating Margin
62.7%
38.8%
Net Margin
-35.7%
30.1%
Revenue YoY
-4.6%
12.7%
Net Profit YoY
-148.1%
30.2%
EPS (diluted)
$2.90

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
BOKF
BOKF
Q4 25
$589.6M
Q3 25
$548.4M
Q2 25
$866.0M
$535.3M
Q1 25
$502.3M
Q4 24
$523.1M
Q3 24
$516.3M
Q2 24
$908.0M
$555.7M
Q1 24
$455.3M
Net Profit
BIPC
BIPC
BOKF
BOKF
Q4 25
$177.3M
Q3 25
$140.9M
Q2 25
$-309.0M
$140.0M
Q1 25
$119.8M
Q4 24
$136.2M
Q3 24
$140.0M
Q2 24
$643.0M
$163.7M
Q1 24
$83.7M
Gross Margin
BIPC
BIPC
BOKF
BOKF
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
BOKF
BOKF
Q4 25
38.8%
Q3 25
32.2%
Q2 25
62.7%
33.8%
Q1 25
30.8%
Q4 24
33.5%
Q3 24
33.6%
Q2 24
61.9%
38.0%
Q1 24
23.5%
Net Margin
BIPC
BIPC
BOKF
BOKF
Q4 25
30.1%
Q3 25
25.7%
Q2 25
-35.7%
26.2%
Q1 25
23.8%
Q4 24
26.0%
Q3 24
27.1%
Q2 24
70.8%
29.5%
Q1 24
18.4%
EPS (diluted)
BIPC
BIPC
BOKF
BOKF
Q4 25
$2.90
Q3 25
$2.22
Q2 25
$2.19
Q1 25
$1.86
Q4 24
$2.13
Q3 24
$2.18
Q2 24
$2.54
Q1 24
$1.29

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
BOKF
BOKF
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$2.2B
$5.9B
Total Assets
$23.9B
$52.2B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
BOKF
BOKF
Q4 25
Q3 25
Q2 25
$1.2B
Q1 25
Q4 24
Q3 24
Q2 24
$466.0M
Q1 24
Total Debt
BIPC
BIPC
BOKF
BOKF
Q4 25
$4.6B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BIPC
BIPC
BOKF
BOKF
Q4 25
$5.9B
Q3 25
$6.0B
Q2 25
$2.2B
$5.9B
Q1 25
$5.8B
Q4 24
$5.5B
Q3 24
$5.6B
Q2 24
$3.5B
$5.2B
Q1 24
$5.1B
Total Assets
BIPC
BIPC
BOKF
BOKF
Q4 25
$52.2B
Q3 25
$50.2B
Q2 25
$23.9B
$51.0B
Q1 25
$50.5B
Q4 24
$49.7B
Q3 24
$50.1B
Q2 24
$23.7B
$50.4B
Q1 24
$50.2B
Debt / Equity
BIPC
BIPC
BOKF
BOKF
Q4 25
0.78×
Q3 25
Q2 25
Q1 25
Q4 24
0.80×
Q3 24
Q2 24
Q1 24

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
BOKF
BOKF
Operating Cash FlowLast quarter
$478.0M
$739.6M
Free Cash FlowOCF − Capex
$575.2M
FCF MarginFCF / Revenue
97.6%
Capex IntensityCapex / Revenue
27.9%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
BOKF
BOKF
Q4 25
$739.6M
Q3 25
$867.8M
Q2 25
$478.0M
$89.4M
Q1 25
$20.3M
Q4 24
$1.4B
Q3 24
$246.7M
Q2 24
$511.0M
$463.5M
Q1 24
$179.2M
Free Cash Flow
BIPC
BIPC
BOKF
BOKF
Q4 25
$575.2M
Q3 25
$838.5M
Q2 25
$60.8M
Q1 25
$-28.0M
Q4 24
$1.3B
Q3 24
$209.5M
Q2 24
$417.2M
Q1 24
$138.3M
FCF Margin
BIPC
BIPC
BOKF
BOKF
Q4 25
97.6%
Q3 25
152.9%
Q2 25
11.4%
Q1 25
-5.6%
Q4 24
240.7%
Q3 24
40.6%
Q2 24
75.1%
Q1 24
30.4%
Capex Intensity
BIPC
BIPC
BOKF
BOKF
Q4 25
27.9%
Q3 25
5.3%
Q2 25
5.3%
Q1 25
9.6%
Q4 24
32.8%
Q3 24
7.2%
Q2 24
8.3%
Q1 24
9.0%
Cash Conversion
BIPC
BIPC
BOKF
BOKF
Q4 25
4.17×
Q3 25
6.16×
Q2 25
0.64×
Q1 25
0.17×
Q4 24
10.51×
Q3 24
1.76×
Q2 24
0.79×
2.83×
Q1 24
2.14×

Financial Flow Comparison

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

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