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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and ENERGIZER HOLDINGS, INC. (ENR). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $778.9M, roughly 1.1× ENERGIZER HOLDINGS, INC.). ENERGIZER HOLDINGS, INC. runs the higher net margin — -0.4% vs -35.7%, a 35.2% gap on every dollar of revenue. On growth, ENERGIZER HOLDINGS, INC. posted the faster year-over-year revenue change (6.5% 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.
Energizer Holdings, Inc. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in Clayton, Missouri. It produces batteries under the Energizer, Ray-O-Vac, Varta, and Eveready brand names and formerly owned several personal care businesses until it separated that side of the business into a new company called Edgewell Personal Care in 2015.
BIPC vs ENR — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $778.9M |
| Net Profit | $-309.0M | $-3.4M |
| Gross Margin | 65.0% | 32.9% |
| Operating Margin | 62.7% | -0.6% |
| Net Margin | -35.7% | -0.4% |
| Revenue YoY | -4.6% | 6.5% |
| Net Profit YoY | -148.1% | -115.2% |
| EPS (diluted) | — | — |
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 | — | $778.9M | ||
| Q3 25 | — | $832.8M | ||
| Q2 25 | $866.0M | $725.3M | ||
| Q1 25 | — | $662.9M | ||
| Q4 24 | — | $731.7M | ||
| Q3 24 | — | $805.7M | ||
| Q2 24 | $908.0M | $701.4M | ||
| Q1 24 | — | $663.3M |
| Q4 25 | — | $-3.4M | ||
| Q3 25 | — | $34.9M | ||
| Q2 25 | $-309.0M | $153.5M | ||
| Q1 25 | — | $28.3M | ||
| Q4 24 | — | $22.3M | ||
| Q3 24 | — | $47.6M | ||
| Q2 24 | $643.0M | $-43.8M | ||
| Q1 24 | — | $32.4M |
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | 65.0% | 55.1% | ||
| Q1 25 | — | 39.1% | ||
| Q4 24 | — | 36.8% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | 63.8% | 39.5% | ||
| Q1 24 | — | 38.2% |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | 62.7% | 22.6% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | 61.9% | -8.2% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | -35.7% | 21.2% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | 70.8% | -6.2% | ||
| Q1 24 | — | 4.9% |
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 | $214.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $141.3M |
| Total Assets | $23.9B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $214.8M | ||
| Q3 25 | — | $236.2M | ||
| Q2 25 | $1.2B | $171.1M | ||
| Q1 25 | — | $139.3M | ||
| Q4 24 | — | $195.9M | ||
| Q3 24 | — | $216.9M | ||
| Q2 24 | $466.0M | $146.7M | ||
| Q1 24 | — | $158.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | — | $141.3M | ||
| Q3 25 | — | $169.9M | ||
| Q2 25 | $2.2B | $183.2M | ||
| Q1 25 | — | $133.9M | ||
| Q4 24 | — | $140.6M | ||
| Q3 24 | — | $135.8M | ||
| Q2 24 | $3.5B | $123.4M | ||
| Q1 24 | — | $191.3M |
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $23.9B | $4.5B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | $23.7B | $4.2B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 20.28× | ||
| Q2 25 | — | 17.57× | ||
| Q1 25 | — | 23.56× | ||
| Q4 24 | — | 22.17× | ||
| Q3 24 | — | 23.51× | ||
| Q2 24 | — | 26.04× | ||
| Q1 24 | — | 16.86× |
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 | $149.5M |
| Free Cash FlowOCF − Capex | — | $124.2M |
| FCF MarginFCF / Revenue | — | 15.9% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $145.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $149.5M | ||
| Q3 25 | — | $61.5M | ||
| Q2 25 | $478.0M | $21.4M | ||
| Q1 25 | — | $-12.8M | ||
| Q4 24 | — | $77.0M | ||
| Q3 24 | — | $168.9M | ||
| Q2 24 | $511.0M | $45.8M | ||
| Q1 24 | — | $36.8M |
| Q4 25 | — | $124.2M | ||
| Q3 25 | — | $46.7M | ||
| Q2 25 | — | $7.9M | ||
| Q1 25 | — | $-33.8M | ||
| Q4 24 | — | $42.4M | ||
| Q3 24 | — | $141.5M | ||
| Q2 24 | — | $27.3M | ||
| Q1 24 | — | $10.3M |
| Q4 25 | — | 15.9% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | -5.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.76× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | -0.45× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | — | 3.55× | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | — | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
ENR
| Alkaline Batteries | $666.5M | 86% |
| Auto Care | $93.7M | 12% |
| Lights | $18.7M | 2% |
