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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $468.6M, roughly 1.8× Compass Diversified Holdings). Compass Diversified Holdings runs the higher net margin — -16.8% vs -35.7%, a 18.9% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -5.1%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
BIPC vs CODI — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $468.6M |
| Net Profit | $-309.0M | $-78.8M |
| Gross Margin | 65.0% | 43.1% |
| Operating Margin | 62.7% | 9.8% |
| Net Margin | -35.7% | -16.8% |
| Revenue YoY | -4.6% | -5.1% |
| Net Profit YoY | -148.1% | -14.4% |
| EPS (diluted) | — | $-0.91 |
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 | — | $468.6M | ||
| Q3 25 | — | $472.6M | ||
| Q2 25 | $866.0M | $478.7M | ||
| Q1 25 | — | $453.8M | ||
| Q4 24 | — | $493.9M | ||
| Q3 24 | — | $456.6M | ||
| Q2 24 | $908.0M | $426.7M | ||
| Q1 24 | — | $410.8M |
| Q4 25 | — | $-78.8M | ||
| Q3 25 | — | $-74.0M | ||
| Q2 25 | $-309.0M | $-51.2M | ||
| Q1 25 | — | $-30.0M | ||
| Q4 24 | — | $-68.9M | ||
| Q3 24 | — | $-36.0M | ||
| Q2 24 | $643.0M | $-73.1M | ||
| Q1 24 | — | $-56.2M |
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.0% | ||
| Q2 25 | 65.0% | 43.6% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | 63.8% | 44.1% | ||
| Q1 24 | — | 42.6% |
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | 62.7% | -5.7% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | 61.9% | 1.8% | ||
| Q1 24 | — | -2.9% |
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | -15.7% | ||
| Q2 25 | -35.7% | -10.7% | ||
| Q1 25 | — | -6.6% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | — | -7.9% | ||
| Q2 24 | 70.8% | -17.1% | ||
| Q1 24 | — | -13.7% |
| Q4 25 | — | $-0.91 | ||
| Q3 25 | — | $-1.21 | ||
| Q2 25 | — | $-0.88 | ||
| Q1 25 | — | $-0.59 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | — | $-0.62 | ||
| Q2 24 | — | $-1.12 | ||
| Q1 24 | — | $-1.52 |
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 | $68.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.2B | $442.0M |
| Total Assets | $23.9B | $3.0B |
| Debt / EquityLower = less leverage | — | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $68.0M | ||
| Q3 25 | — | $61.1M | ||
| Q2 25 | $1.2B | $73.8M | ||
| Q1 25 | — | $146.2M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $64.9M | ||
| Q2 24 | $466.0M | $61.5M | ||
| Q1 24 | — | $59.5M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $442.0M | ||
| Q3 25 | — | $519.2M | ||
| Q2 25 | $2.2B | $601.9M | ||
| Q1 25 | — | $680.7M | ||
| Q4 24 | — | $678.6M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | $3.5B | $711.3M | ||
| Q1 24 | — | $799.7M |
| Q4 25 | — | $3.0B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $23.9B | $3.3B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | $23.7B | $3.2B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× | ||
| Q1 24 | — | 2.15× |
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 | $47.0M |
| Free Cash FlowOCF − Capex | — | $36.9M |
| FCF MarginFCF / Revenue | — | 7.9% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $47.0M | ||
| Q3 25 | — | $10.7M | ||
| Q2 25 | $478.0M | $-35.2M | ||
| Q1 25 | — | $-29.3M | ||
| Q4 24 | — | $-16.1M | ||
| Q3 24 | — | $-48.4M | ||
| Q2 24 | $511.0M | $-61.3M | ||
| Q1 24 | — | $-25.4M |
| Q4 25 | — | $36.9M | ||
| Q3 25 | — | $481.0K | ||
| Q2 25 | — | $-46.0M | ||
| Q1 25 | — | $-42.4M | ||
| Q4 24 | — | $-39.0M | ||
| Q3 24 | — | $-63.5M | ||
| Q2 24 | — | $-72.2M | ||
| Q1 24 | — | $-33.1M |
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | — | -9.4% | ||
| Q4 24 | — | -7.9% | ||
| Q3 24 | — | -13.9% | ||
| Q2 24 | — | -16.9% | ||
| Q1 24 | — | -8.1% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
