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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Elanco Animal Health Inc (ELAN). Click either name above to swap in a different company.

Elanco Animal Health Inc is the larger business by last-quarter revenue ($1.1B vs $866.0M, roughly 1.3× Brookfield Infrastructure Corp). Elanco Animal Health Inc runs the higher net margin — -24.1% vs -35.7%, a 11.6% gap on every dollar of revenue. On growth, Elanco Animal Health Inc posted the faster year-over-year revenue change (12.2% 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.

Elanco Animal Health Incorporated is an American pharmaceutical company which produces medicines and vaccinations for pets and livestock. Until 2019, the company was a subsidiary of Eli Lilly and Company, before being divested. It is the third-largest animal health company in the world.

BIPC vs ELAN — Head-to-Head

Bigger by revenue
ELAN
ELAN
1.3× larger
ELAN
$1.1B
$866.0M
BIPC
Growing faster (revenue YoY)
ELAN
ELAN
+16.8% gap
ELAN
12.2%
-4.6%
BIPC
Higher net margin
ELAN
ELAN
11.6% more per $
ELAN
-24.1%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
ELAN
ELAN
Revenue
$866.0M
$1.1B
Net Profit
$-309.0M
$-276.0M
Gross Margin
65.0%
51.5%
Operating Margin
62.7%
-22.6%
Net Margin
-35.7%
-24.1%
Revenue YoY
-4.6%
12.2%
Net Profit YoY
-148.1%
-3350.0%
EPS (diluted)
$-0.55

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
ELAN
ELAN
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$866.0M
$1.2B
Q1 25
$1.2B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$908.0M
$1.2B
Q1 24
$1.2B
Net Profit
BIPC
BIPC
ELAN
ELAN
Q4 25
$-276.0M
Q3 25
$-34.0M
Q2 25
$-309.0M
$11.0M
Q1 25
$67.0M
Q4 24
$-8.0M
Q3 24
$364.0M
Q2 24
$643.0M
$-50.0M
Q1 24
$32.0M
Gross Margin
BIPC
BIPC
ELAN
ELAN
Q4 25
51.5%
Q3 25
53.4%
Q2 25
65.0%
57.5%
Q1 25
57.3%
Q4 24
50.9%
Q3 24
52.2%
Q2 24
63.8%
58.2%
Q1 24
57.3%
Operating Margin
BIPC
BIPC
ELAN
ELAN
Q4 25
-22.6%
Q3 25
-4.4%
Q2 25
62.7%
2.0%
Q1 25
5.0%
Q4 24
-5.0%
Q3 24
54.3%
Q2 24
61.9%
-2.7%
Q1 24
1.0%
Net Margin
BIPC
BIPC
ELAN
ELAN
Q4 25
-24.1%
Q3 25
-3.0%
Q2 25
-35.7%
0.9%
Q1 25
5.6%
Q4 24
-0.8%
Q3 24
35.3%
Q2 24
70.8%
-4.2%
Q1 24
2.7%
EPS (diluted)
BIPC
BIPC
ELAN
ELAN
Q4 25
$-0.55
Q3 25
$-0.07
Q2 25
$0.02
Q1 25
$0.13
Q4 24
$-0.01
Q3 24
$0.73
Q2 24
$-0.10
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
ELAN
ELAN
Cash + ST InvestmentsLiquidity on hand
$1.2B
$545.0M
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$2.2B
$6.5B
Total Assets
$23.9B
$13.4B
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
ELAN
ELAN
Q4 25
$545.0M
Q3 25
$505.0M
Q2 25
$1.2B
$539.0M
Q1 25
$487.0M
Q4 24
$468.0M
Q3 24
$490.0M
Q2 24
$466.0M
$416.0M
Q1 24
$345.0M
Total Debt
BIPC
BIPC
ELAN
ELAN
Q4 25
$3.9B
Q3 25
$4.0B
Q2 25
$4.1B
Q1 25
$4.4B
Q4 24
$4.3B
Q3 24
$4.4B
Q2 24
$5.7B
Q1 24
$5.8B
Stockholders' Equity
BIPC
BIPC
ELAN
ELAN
Q4 25
$6.5B
Q3 25
$6.7B
Q2 25
$2.2B
$6.8B
Q1 25
$6.4B
Q4 24
$6.1B
Q3 24
$6.5B
Q2 24
$3.5B
$5.9B
Q1 24
$6.1B
Total Assets
BIPC
BIPC
ELAN
ELAN
Q4 25
$13.4B
Q3 25
$13.6B
Q2 25
$23.9B
$13.7B
Q1 25
$12.9B
Q4 24
$12.6B
Q3 24
$13.3B
Q2 24
$23.7B
$13.8B
Q1 24
$14.0B
Debt / Equity
BIPC
BIPC
ELAN
ELAN
Q4 25
0.60×
Q3 25
0.59×
Q2 25
0.61×
Q1 25
0.69×
Q4 24
0.70×
Q3 24
0.67×
Q2 24
0.96×
Q1 24
0.95×

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
ELAN
ELAN
Operating Cash FlowLast quarter
$478.0M
$108.0M
Free Cash FlowOCF − Capex
$46.0M
FCF MarginFCF / Revenue
4.0%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$284.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
ELAN
ELAN
Q4 25
$108.0M
Q3 25
$219.0M
Q2 25
$478.0M
$237.0M
Q1 25
$-4.0M
Q4 24
$177.0M
Q3 24
$162.0M
Q2 24
$511.0M
$200.0M
Q1 24
$2.0M
Free Cash Flow
BIPC
BIPC
ELAN
ELAN
Q4 25
$46.0M
Q3 25
$127.0M
Q2 25
$180.0M
Q1 25
$-69.0M
Q4 24
$130.0M
Q3 24
$120.0M
Q2 24
$166.0M
Q1 24
$-22.0M
FCF Margin
BIPC
BIPC
ELAN
ELAN
Q4 25
4.0%
Q3 25
11.2%
Q2 25
14.5%
Q1 25
-5.8%
Q4 24
12.7%
Q3 24
11.7%
Q2 24
14.0%
Q1 24
-1.8%
Capex Intensity
BIPC
BIPC
ELAN
ELAN
Q4 25
5.4%
Q3 25
8.1%
Q2 25
4.6%
Q1 25
5.4%
Q4 24
4.6%
Q3 24
4.1%
Q2 24
2.9%
Q1 24
2.0%
Cash Conversion
BIPC
BIPC
ELAN
ELAN
Q4 25
Q3 25
Q2 25
21.55×
Q1 25
-0.06×
Q4 24
Q3 24
0.45×
Q2 24
0.79×
Q1 24
0.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

ELAN
ELAN

Pet Health$489.0M43%
Cattle$296.0M26%
Poultry$237.0M21%
Swine$107.0M9%
Contract Manufacturing$15.0M1%

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