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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Charles River Laboratories (CRL). Click either name above to swap in a different company.

Charles River Laboratories is the larger business by last-quarter revenue ($994.2M vs $866.0M, roughly 1.1× Brookfield Infrastructure Corp). Charles River Laboratories runs the higher net margin — -27.8% vs -35.7%, a 7.9% gap on every dollar of revenue. On growth, Charles River Laboratories posted the faster year-over-year revenue change (-0.8% 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.

Charles River Laboratories International, Inc. is an American pharmaceutical and biotechnology contract research organisation (CRO) headquartered in Wilmington, Massachusetts, United States. Founded in 1947, the company provides preclinical and clinical laboratory services for the development of new drugs, vaccines, and medical devices.

BIPC vs CRL — Head-to-Head

Bigger by revenue
CRL
CRL
1.1× larger
CRL
$994.2M
$866.0M
BIPC
Growing faster (revenue YoY)
CRL
CRL
+3.8% gap
CRL
-0.8%
-4.6%
BIPC
Higher net margin
CRL
CRL
7.9% more per $
CRL
-27.8%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
CRL
CRL
Revenue
$866.0M
$994.2M
Net Profit
$-309.0M
$-276.6M
Gross Margin
65.0%
Operating Margin
62.7%
-28.5%
Net Margin
-35.7%
-27.8%
Revenue YoY
-4.6%
-0.8%
Net Profit YoY
-148.1%
-28.9%
EPS (diluted)
$-5.57

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
CRL
CRL
Q4 25
$994.2M
Q3 25
$1.0B
Q2 25
$866.0M
$1.0B
Q1 25
$984.2M
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$908.0M
$1.0B
Q1 24
$1.0B
Net Profit
BIPC
BIPC
CRL
CRL
Q4 25
$-276.6M
Q3 25
$54.4M
Q2 25
$-309.0M
$52.3M
Q1 25
$25.5M
Q4 24
$-214.5M
Q3 24
$69.7M
Q2 24
$643.0M
$94.1M
Q1 24
$73.0M
Gross Margin
BIPC
BIPC
CRL
CRL
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
34.6%
Q2 24
63.8%
34.5%
Q1 24
34.1%
Operating Margin
BIPC
BIPC
CRL
CRL
Q4 25
-28.5%
Q3 25
13.3%
Q2 25
62.7%
9.7%
Q1 25
7.6%
Q4 24
-16.7%
Q3 24
11.6%
Q2 24
61.9%
14.8%
Q1 24
12.5%
Net Margin
BIPC
BIPC
CRL
CRL
Q4 25
-27.8%
Q3 25
5.4%
Q2 25
-35.7%
5.1%
Q1 25
2.6%
Q4 24
-21.4%
Q3 24
6.9%
Q2 24
70.8%
9.2%
Q1 24
7.2%
EPS (diluted)
BIPC
BIPC
CRL
CRL
Q4 25
$-5.57
Q3 25
$1.10
Q2 25
$1.06
Q1 25
$0.50
Q4 24
$-4.17
Q3 24
$1.33
Q2 24
$1.74
Q1 24
$1.30

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
CRL
CRL
Cash + ST InvestmentsLiquidity on hand
$1.2B
$213.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$2.2B
$3.2B
Total Assets
$23.9B
$7.1B
Debt / EquityLower = less leverage
0.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
CRL
CRL
Q4 25
$213.8M
Q3 25
$207.1M
Q2 25
$1.2B
$182.8M
Q1 25
$229.4M
Q4 24
$194.6M
Q3 24
$210.2M
Q2 24
$466.0M
$179.2M
Q1 24
$327.0M
Total Debt
BIPC
BIPC
CRL
CRL
Q4 25
$2.1B
Q3 25
$2.2B
Q2 25
$2.3B
Q1 25
$2.5B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.7B
Stockholders' Equity
BIPC
BIPC
CRL
CRL
Q4 25
$3.2B
Q3 25
$3.4B
Q2 25
$2.2B
$3.4B
Q1 25
$3.2B
Q4 24
$3.5B
Q3 24
$3.8B
Q2 24
$3.5B
$3.7B
Q1 24
$3.6B
Total Assets
BIPC
BIPC
CRL
CRL
Q4 25
$7.1B
Q3 25
$7.5B
Q2 25
$23.9B
$7.6B
Q1 25
$7.6B
Q4 24
$7.5B
Q3 24
$8.0B
Q2 24
$23.7B
$7.9B
Q1 24
$8.2B
Debt / Equity
BIPC
BIPC
CRL
CRL
Q4 25
0.68×
Q3 25
0.64×
Q2 25
0.70×
Q1 25
0.79×
Q4 24
0.65×
Q3 24
0.62×
Q2 24
0.65×
Q1 24
0.73×

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
CRL
CRL
Operating Cash FlowLast quarter
$478.0M
$147.5M
Free Cash FlowOCF − Capex
$58.6M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$518.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
CRL
CRL
Q4 25
$147.5M
Q3 25
$213.8M
Q2 25
$478.0M
$204.6M
Q1 25
$171.7M
Q4 24
$159.4M
Q3 24
$251.8M
Q2 24
$511.0M
$193.5M
Q1 24
$129.9M
Free Cash Flow
BIPC
BIPC
CRL
CRL
Q4 25
$58.6M
Q3 25
$178.2M
Q2 25
$169.3M
Q1 25
$112.4M
Q4 24
$83.7M
Q3 24
$213.1M
Q2 24
$154.0M
Q1 24
$50.7M
FCF Margin
BIPC
BIPC
CRL
CRL
Q4 25
5.9%
Q3 25
17.7%
Q2 25
16.4%
Q1 25
11.4%
Q4 24
8.4%
Q3 24
21.1%
Q2 24
15.0%
Q1 24
5.0%
Capex Intensity
BIPC
BIPC
CRL
CRL
Q4 25
8.9%
Q3 25
3.5%
Q2 25
3.4%
Q1 25
6.0%
Q4 24
7.5%
Q3 24
3.8%
Q2 24
3.8%
Q1 24
7.8%
Cash Conversion
BIPC
BIPC
CRL
CRL
Q4 25
Q3 25
3.93×
Q2 25
3.91×
Q1 25
6.74×
Q4 24
Q3 24
3.61×
Q2 24
0.79×
2.06×
Q1 24
1.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

CRL
CRL

Discovery And Safety Assessment Segment$591.6M60%
Manufacturing Support Segment$196.4M20%
Transferred At Point In Time$108.0M11%
Transferred Over Time$98.3M10%

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