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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $849.0M, roughly 1.0× CABOT CORP). CABOT CORP runs the higher net margin — 8.6% vs -35.7%, a 44.3% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -11.1%).

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.

Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities, and 28 sales offices.

BIPC vs CBT — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.0× larger
BIPC
$866.0M
$849.0M
CBT
Growing faster (revenue YoY)
BIPC
BIPC
+6.5% gap
BIPC
-4.6%
-11.1%
CBT
Higher net margin
CBT
CBT
44.3% more per $
CBT
8.6%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIPC
BIPC
CBT
CBT
Revenue
$866.0M
$849.0M
Net Profit
$-309.0M
$73.0M
Gross Margin
65.0%
24.9%
Operating Margin
62.7%
15.2%
Net Margin
-35.7%
8.6%
Revenue YoY
-4.6%
-11.1%
Net Profit YoY
-148.1%
-21.5%
EPS (diluted)
$1.37

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
CBT
CBT
Q4 25
$849.0M
Q3 25
$899.0M
Q2 25
$866.0M
$923.0M
Q1 25
$936.0M
Q4 24
$955.0M
Q3 24
$1.0B
Q2 24
$908.0M
$1.0B
Q1 24
$1.0B
Net Profit
BIPC
BIPC
CBT
CBT
Q4 25
$73.0M
Q3 25
$43.0M
Q2 25
$-309.0M
$101.0M
Q1 25
$94.0M
Q4 24
$93.0M
Q3 24
$137.0M
Q2 24
$643.0M
$109.0M
Q1 24
$84.0M
Gross Margin
BIPC
BIPC
CBT
CBT
Q4 25
24.9%
Q3 25
24.5%
Q2 25
65.0%
26.4%
Q1 25
25.7%
Q4 24
24.6%
Q3 24
24.0%
Q2 24
63.8%
25.2%
Q1 24
24.1%
Operating Margin
BIPC
BIPC
CBT
CBT
Q4 25
15.2%
Q3 25
15.2%
Q2 25
62.7%
18.1%
Q1 25
17.3%
Q4 24
16.2%
Q3 24
15.0%
Q2 24
61.9%
16.9%
Q1 24
15.3%
Net Margin
BIPC
BIPC
CBT
CBT
Q4 25
8.6%
Q3 25
4.8%
Q2 25
-35.7%
10.9%
Q1 25
10.0%
Q4 24
9.7%
Q3 24
13.7%
Q2 24
70.8%
10.7%
Q1 24
8.2%
EPS (diluted)
BIPC
BIPC
CBT
CBT
Q4 25
$1.37
Q3 25
$0.80
Q2 25
$1.86
Q1 25
$1.69
Q4 24
$1.67
Q3 24
$2.41
Q2 24
$1.94
Q1 24
$1.49

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
CBT
CBT
Cash + ST InvestmentsLiquidity on hand
$1.2B
$230.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$1.6B
Total Assets
$23.9B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
CBT
CBT
Q4 25
$230.0M
Q3 25
$258.0M
Q2 25
$1.2B
$239.0M
Q1 25
$213.0M
Q4 24
$183.0M
Q3 24
$223.0M
Q2 24
$466.0M
$197.0M
Q1 24
$206.0M
Total Debt
BIPC
BIPC
CBT
CBT
Q4 25
Q3 25
$1.1B
Q2 25
Q1 25
Q4 24
Q3 24
$1.1B
Q2 24
Q1 24
Stockholders' Equity
BIPC
BIPC
CBT
CBT
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$2.2B
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$3.5B
$1.3B
Q1 24
$1.4B
Total Assets
BIPC
BIPC
CBT
CBT
Q4 25
$3.8B
Q3 25
$3.8B
Q2 25
$23.9B
$3.8B
Q1 25
$3.8B
Q4 24
$3.6B
Q3 24
$3.7B
Q2 24
$23.7B
$3.6B
Q1 24
$3.6B
Debt / Equity
BIPC
BIPC
CBT
CBT
Q4 25
Q3 25
0.70×
Q2 25
Q1 25
Q4 24
Q3 24
0.75×
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
CBT
CBT
Operating Cash FlowLast quarter
$478.0M
$126.0M
Free Cash FlowOCF − Capex
$57.0M
FCF MarginFCF / Revenue
6.7%
Capex IntensityCapex / Revenue
8.1%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters
$401.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
CBT
CBT
Q4 25
$126.0M
Q3 25
$219.0M
Q2 25
$478.0M
$249.0M
Q1 25
$73.0M
Q4 24
$124.0M
Q3 24
$204.0M
Q2 24
$511.0M
$207.0M
Q1 24
$176.0M
Free Cash Flow
BIPC
BIPC
CBT
CBT
Q4 25
$57.0M
Q3 25
$155.0M
Q2 25
$188.0M
Q1 25
$1.0M
Q4 24
$47.0M
Q3 24
$112.0M
Q2 24
$155.0M
Q1 24
$133.0M
FCF Margin
BIPC
BIPC
CBT
CBT
Q4 25
6.7%
Q3 25
17.2%
Q2 25
20.4%
Q1 25
0.1%
Q4 24
4.9%
Q3 24
11.2%
Q2 24
15.3%
Q1 24
13.1%
Capex Intensity
BIPC
BIPC
CBT
CBT
Q4 25
8.1%
Q3 25
7.1%
Q2 25
6.6%
Q1 25
7.7%
Q4 24
8.1%
Q3 24
9.2%
Q2 24
5.1%
Q1 24
4.2%
Cash Conversion
BIPC
BIPC
CBT
CBT
Q4 25
1.73×
Q3 25
5.09×
Q2 25
2.47×
Q1 25
0.78×
Q4 24
1.33×
Q3 24
1.49×
Q2 24
0.79×
1.90×
Q1 24
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

CBT
CBT

Reinforcement Materials$520.0M61%
Performance Chemicals$300.0M35%
Shipping And Handling$25.0M3%
Other Products And Services$4.0M0%

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