vs
Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and CONDUENT Inc (CNDT). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $770.0M, roughly 1.1× CONDUENT Inc). CONDUENT Inc runs the higher net margin — -4.3% vs -35.7%, a 31.4% gap on every dollar of revenue. On growth, CONDUENT Inc posted the faster year-over-year revenue change (-3.8% 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.
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
BIPC vs CNDT — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $770.0M |
| Net Profit | $-309.0M | $-33.0M |
| Gross Margin | 65.0% | 19.0% |
| Operating Margin | 62.7% | -3.6% |
| Net Margin | -35.7% | -4.3% |
| Revenue YoY | -4.6% | -3.8% |
| Net Profit YoY | -148.1% | -175.0% |
| EPS (diluted) | — | $-0.25 |
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 | — | $770.0M | ||
| Q3 25 | — | $767.0M | ||
| Q2 25 | $866.0M | $754.0M | ||
| Q1 25 | — | $751.0M | ||
| Q4 24 | — | $800.0M | ||
| Q3 24 | — | $807.0M | ||
| Q2 24 | $908.0M | $828.0M | ||
| Q1 24 | — | $921.0M |
| Q4 25 | — | $-33.0M | ||
| Q3 25 | — | $-46.0M | ||
| Q2 25 | $-309.0M | $-40.0M | ||
| Q1 25 | — | $-51.0M | ||
| Q4 24 | — | $-12.0M | ||
| Q3 24 | — | $123.0M | ||
| Q2 24 | $643.0M | $216.0M | ||
| Q1 24 | — | $99.0M |
| Q4 25 | — | 19.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | 65.0% | 18.2% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 18.7% | ||
| Q2 24 | 63.8% | 18.2% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | — | -3.6% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | 62.7% | -5.0% | ||
| Q1 25 | — | -7.5% | ||
| Q4 24 | — | -10.3% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | 61.9% | 36.2% | ||
| Q1 24 | — | 13.8% |
| Q4 25 | — | -4.3% | ||
| Q3 25 | — | -6.0% | ||
| Q2 25 | -35.7% | -5.3% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | 70.8% | 26.1% | ||
| Q1 24 | — | 10.7% |
| Q4 25 | — | $-0.25 | ||
| Q3 25 | — | $-0.30 | ||
| Q2 25 | — | $-0.26 | ||
| Q1 25 | — | $-0.33 | ||
| Q4 24 | — | $-0.02 | ||
| Q3 24 | — | $0.72 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | — | $0.46 |
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 | $233.0M |
| Total DebtLower is stronger | — | $665.0M |
| Stockholders' EquityBook value | $2.2B | $685.0M |
| Total Assets | $23.9B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $233.0M | ||
| Q3 25 | — | $248.0M | ||
| Q2 25 | $1.2B | $275.0M | ||
| Q1 25 | — | $277.0M | ||
| Q4 24 | — | $366.0M | ||
| Q3 24 | — | $393.0M | ||
| Q2 24 | $466.0M | $300.0M | ||
| Q1 24 | — | $415.0M |
| Q4 25 | — | $665.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $615.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $685.0M | ||
| Q3 25 | — | $717.0M | ||
| Q2 25 | $2.2B | $777.0M | ||
| Q1 25 | — | $800.0M | ||
| Q4 24 | — | $839.0M | ||
| Q3 24 | — | $877.0M | ||
| Q2 24 | $3.5B | $751.0M | ||
| Q1 24 | — | $701.0M |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $23.9B | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $23.7B | $2.8B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.73× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $478.0M | $39.0M |
| Free Cash FlowOCF − Capex | — | $24.0M |
| FCF MarginFCF / Revenue | — | 3.1% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-132.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.0M | ||
| Q3 25 | — | $-39.0M | ||
| Q2 25 | $478.0M | $-15.0M | ||
| Q1 25 | — | $-58.0M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | — | $-13.0M | ||
| Q2 24 | $511.0M | $-41.0M | ||
| Q1 24 | — | $-37.0M |
| Q4 25 | — | $24.0M | ||
| Q3 25 | — | $-54.0M | ||
| Q2 25 | — | $-30.0M | ||
| Q1 25 | — | $-72.0M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $-21.0M | ||
| Q2 24 | — | $-59.0M | ||
| Q1 24 | — | $-50.0M |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | -2.6% | ||
| Q2 24 | — | -7.1% | ||
| Q1 24 | — | -5.4% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.11× | ||
| Q2 24 | 0.79× | -0.19× | ||
| Q1 24 | — | -0.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
