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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $535.2M, roughly 1.6× DELUXE CORP). DELUXE CORP runs the higher net margin — 2.2% vs -35.7%, a 37.9% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% 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.

Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...

BIPC vs DLX — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.6× larger
BIPC
$866.0M
$535.2M
DLX
Growing faster (revenue YoY)
DLX
DLX
+7.4% gap
DLX
2.8%
-4.6%
BIPC
Higher net margin
DLX
DLX
37.9% more per $
DLX
2.2%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
DLX
DLX
Revenue
$866.0M
$535.2M
Net Profit
$-309.0M
$12.0M
Gross Margin
65.0%
52.2%
Operating Margin
62.7%
8.9%
Net Margin
-35.7%
2.2%
Revenue YoY
-4.6%
2.8%
Net Profit YoY
-148.1%
-5.0%
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.

Revenue
BIPC
BIPC
DLX
DLX
Q4 25
$535.2M
Q3 25
$540.2M
Q2 25
$866.0M
$521.3M
Q1 25
$536.5M
Q4 24
$520.6M
Q3 24
$528.4M
Q2 24
$908.0M
$537.8M
Q1 24
$535.0M
Net Profit
BIPC
BIPC
DLX
DLX
Q4 25
$12.0M
Q3 25
$33.7M
Q2 25
$-309.0M
$22.4M
Q1 25
$14.0M
Q4 24
$12.6M
Q3 24
$8.9M
Q2 24
$643.0M
$20.5M
Q1 24
$10.8M
Gross Margin
BIPC
BIPC
DLX
DLX
Q4 25
52.2%
Q3 25
53.9%
Q2 25
65.0%
53.6%
Q1 25
52.4%
Q4 24
52.3%
Q3 24
53.3%
Q2 24
63.8%
53.7%
Q1 24
53.0%
Operating Margin
BIPC
BIPC
DLX
DLX
Q4 25
8.9%
Q3 25
14.0%
Q2 25
62.7%
11.7%
Q1 25
9.0%
Q4 24
9.0%
Q3 24
7.9%
Q2 24
61.9%
11.0%
Q1 24
8.3%
Net Margin
BIPC
BIPC
DLX
DLX
Q4 25
2.2%
Q3 25
6.2%
Q2 25
-35.7%
4.3%
Q1 25
2.6%
Q4 24
2.4%
Q3 24
1.7%
Q2 24
70.8%
3.8%
Q1 24
2.0%
EPS (diluted)
BIPC
BIPC
DLX
DLX
Q4 25
$0.25
Q3 25
$0.74
Q2 25
$0.50
Q1 25
$0.31
Q4 24
$0.28
Q3 24
$0.20
Q2 24
$0.46
Q1 24
$0.24

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
DLX
DLX
Cash + ST InvestmentsLiquidity on hand
$1.2B
$36.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$680.7M
Total Assets
$23.9B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
DLX
DLX
Q4 25
$36.9M
Q3 25
$25.8M
Q2 25
$1.2B
$26.0M
Q1 25
$30.3M
Q4 24
$34.4M
Q3 24
$41.3M
Q2 24
$466.0M
$23.1M
Q1 24
$23.5M
Stockholders' Equity
BIPC
BIPC
DLX
DLX
Q4 25
$680.7M
Q3 25
$664.1M
Q2 25
$2.2B
$638.7M
Q1 25
$622.5M
Q4 24
$620.9M
Q3 24
$612.7M
Q2 24
$3.5B
$620.5M
Q1 24
$608.4M
Total Assets
BIPC
BIPC
DLX
DLX
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$23.9B
$2.5B
Q1 25
$2.6B
Q4 24
$2.8B
Q3 24
$2.6B
Q2 24
$23.7B
$2.7B
Q1 24
$2.7B

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
DLX
DLX
Operating Cash FlowLast quarter
$478.0M
$102.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
8.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
DLX
DLX
Q4 25
$102.1M
Q3 25
$67.1M
Q2 25
$478.0M
$51.1M
Q1 25
$50.3M
Q4 24
$60.2M
Q3 24
$67.9M
Q2 24
$511.0M
$39.6M
Q1 24
$26.6M
Free Cash Flow
BIPC
BIPC
DLX
DLX
Q4 25
Q3 25
Q2 25
$27.8M
Q1 25
$24.3M
Q4 24
Q3 24
$46.7M
Q2 24
$11.4M
Q1 24
$6.1M
FCF Margin
BIPC
BIPC
DLX
DLX
Q4 25
Q3 25
Q2 25
5.3%
Q1 25
4.5%
Q4 24
Q3 24
8.8%
Q2 24
2.1%
Q1 24
1.1%
Capex Intensity
BIPC
BIPC
DLX
DLX
Q4 25
Q3 25
Q2 25
4.5%
Q1 25
4.8%
Q4 24
Q3 24
4.0%
Q2 24
5.2%
Q1 24
3.8%
Cash Conversion
BIPC
BIPC
DLX
DLX
Q4 25
8.53×
Q3 25
1.99×
Q2 25
2.28×
Q1 25
3.59×
Q4 24
4.77×
Q3 24
7.60×
Q2 24
0.79×
1.94×
Q1 24
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

DLX
DLX

Services$247.9M46%
B2B Payments$76.3M14%
Datadrivenmarketingsolutions$68.5M13%
Promotional Solutions Revenue$60.9M11%
Treasurymanagementsolutions$59.8M11%
Other$17.3M3%
Other Web Based Solutions$4.6M1%

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