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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($885.8M vs $866.0M, roughly 1.0× Brookfield Infrastructure Corp). BWX Technologies, Inc. runs the higher net margin — 10.5% vs -35.7%, a 46.2% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (18.7% 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.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
BIPC vs BWXT — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $885.8M |
| Net Profit | $-309.0M | $93.0M |
| Gross Margin | 65.0% | — |
| Operating Margin | 62.7% | 10.4% |
| Net Margin | -35.7% | 10.5% |
| Revenue YoY | -4.6% | 18.7% |
| Net Profit YoY | -148.1% | 30.9% |
| EPS (diluted) | — | $1.02 |
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 | — | $885.8M | ||
| Q3 25 | — | $866.3M | ||
| Q2 25 | $866.0M | $764.0M | ||
| Q1 25 | — | $682.3M | ||
| Q4 24 | — | $746.3M | ||
| Q3 24 | — | $672.0M | ||
| Q2 24 | $908.0M | $681.5M | ||
| Q1 24 | — | $604.0M |
| Q4 25 | — | $93.0M | ||
| Q3 25 | — | $82.1M | ||
| Q2 25 | $-309.0M | $78.4M | ||
| Q1 25 | — | $75.5M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | — | $69.5M | ||
| Q2 24 | $643.0M | $73.0M | ||
| Q1 24 | — | $68.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | 65.0% | 25.1% | ||
| Q1 25 | — | 24.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.4% | ||
| Q2 24 | 63.8% | 24.7% | ||
| Q1 24 | — | 24.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | 62.7% | 13.4% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | 61.9% | 14.5% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | -35.7% | 10.3% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | 70.8% | 10.7% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | — | $1.02 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.85 | ||
| Q1 25 | — | $0.82 | ||
| Q4 24 | — | $0.77 | ||
| Q3 24 | — | $0.76 | ||
| Q2 24 | — | $0.79 | ||
| Q1 24 | — | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $499.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $1.2B |
| Total Assets | $23.9B | $4.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $499.8M | ||
| Q3 25 | — | $79.6M | ||
| Q2 25 | $1.2B | $37.0M | ||
| Q1 25 | — | $55.4M | ||
| Q4 24 | — | $74.1M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | $466.0M | $48.3M | ||
| Q1 24 | — | $45.9M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $3.5B | $998.5M | ||
| Q1 24 | — | $946.2M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | $23.9B | $3.7B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | $23.7B | $2.8B | ||
| Q1 24 | — | $2.8B |
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 | $478.0M | $127.0M |
| Free Cash FlowOCF − Capex | — | $56.8M |
| FCF MarginFCF / Revenue | — | 6.4% |
| Capex IntensityCapex / Revenue | — | 7.9% |
| Cash ConversionOCF / Net Profit | — | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | $295.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $127.0M | ||
| Q3 25 | — | $143.2M | ||
| Q2 25 | $478.0M | $159.0M | ||
| Q1 25 | — | $50.6M | ||
| Q4 24 | — | $276.9M | ||
| Q3 24 | — | $32.6M | ||
| Q2 24 | $511.0M | $65.9M | ||
| Q1 24 | — | $33.0M |
| Q4 25 | — | $56.8M | ||
| Q3 25 | — | $94.9M | ||
| Q2 25 | — | $126.3M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $224.4M | ||
| Q3 24 | — | $-7.7M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.0% |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | 3.90× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | 0.79× | 0.90× | ||
| Q1 24 | — | 0.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
