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

EXACT SCIENCES CORP is the larger business by last-quarter revenue ($878.4M vs $866.0M, roughly 1.0× Brookfield Infrastructure Corp). EXACT SCIENCES CORP runs the higher net margin — -9.8% vs -35.7%, a 25.9% gap on every dollar of revenue. On growth, EXACT SCIENCES CORP posted the faster year-over-year revenue change (23.1% 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.

Exact Sciences Corporation is an American molecular diagnostics company based in Madison, Wisconsin, specializing in the detection of early-stage cancers. The company provides products for the detection and prevention of colorectal cancer, including Cologuard, the first stool DNA test for colorectal cancer, along with additional screening and precision oncological tests for other types of cancer.

BIPC vs EXAS — Head-to-Head

Bigger by revenue
EXAS
EXAS
1.0× larger
EXAS
$878.4M
$866.0M
BIPC
Growing faster (revenue YoY)
EXAS
EXAS
+27.7% gap
EXAS
23.1%
-4.6%
BIPC
Higher net margin
EXAS
EXAS
25.9% more per $
EXAS
-9.8%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
EXAS
EXAS
Revenue
$866.0M
$878.4M
Net Profit
$-309.0M
$-86.0M
Gross Margin
65.0%
70.1%
Operating Margin
62.7%
-9.4%
Net Margin
-35.7%
-9.8%
Revenue YoY
-4.6%
23.1%
Net Profit YoY
-148.1%
90.1%
EPS (diluted)
$-0.45

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
EXAS
EXAS
Q4 25
$878.4M
Q3 25
$850.7M
Q2 25
$866.0M
$811.1M
Q1 25
$706.8M
Q4 24
$713.4M
Q3 24
$708.7M
Q2 24
$908.0M
$699.3M
Q1 24
$637.5M
Net Profit
BIPC
BIPC
EXAS
EXAS
Q4 25
$-86.0M
Q3 25
$-19.6M
Q2 25
$-309.0M
$-1.2M
Q1 25
$-101.2M
Q4 24
$-864.6M
Q3 24
$-38.2M
Q2 24
$643.0M
$-15.8M
Q1 24
$-110.2M
Gross Margin
BIPC
BIPC
EXAS
EXAS
Q4 25
70.1%
Q3 25
68.6%
Q2 25
65.0%
69.3%
Q1 25
70.8%
Q4 24
69.0%
Q3 24
69.4%
Q2 24
63.8%
69.8%
Q1 24
70.0%
Operating Margin
BIPC
BIPC
EXAS
EXAS
Q4 25
-9.4%
Q3 25
-3.0%
Q2 25
62.7%
-0.3%
Q1 25
-13.6%
Q4 24
-122.8%
Q3 24
-5.6%
Q2 24
61.9%
-3.8%
Q1 24
-16.7%
Net Margin
BIPC
BIPC
EXAS
EXAS
Q4 25
-9.8%
Q3 25
-2.3%
Q2 25
-35.7%
-0.1%
Q1 25
-14.3%
Q4 24
-121.2%
Q3 24
-5.4%
Q2 24
70.8%
-2.3%
Q1 24
-17.3%
EPS (diluted)
BIPC
BIPC
EXAS
EXAS
Q4 25
$-0.45
Q3 25
$-0.10
Q2 25
$-0.01
Q1 25
$-0.54
Q4 24
$-4.69
Q3 24
$-0.21
Q2 24
$-0.09
Q1 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
EXAS
EXAS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$964.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$2.4B
Total Assets
$23.9B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
EXAS
EXAS
Q4 25
$964.7M
Q3 25
$1.0B
Q2 25
$1.2B
$858.4M
Q1 25
$786.2M
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$466.0M
$946.8M
Q1 24
$652.1M
Stockholders' Equity
BIPC
BIPC
EXAS
EXAS
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$2.2B
$2.5B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$3.2B
Q2 24
$3.5B
$3.2B
Q1 24
$3.1B
Total Assets
BIPC
BIPC
EXAS
EXAS
Q4 25
$5.9B
Q3 25
$5.9B
Q2 25
$23.9B
$5.8B
Q1 25
$5.7B
Q4 24
$5.9B
Q3 24
$6.7B
Q2 24
$23.7B
$6.7B
Q1 24
$6.4B

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
EXAS
EXAS
Operating Cash FlowLast quarter
$478.0M
$151.7M
Free Cash FlowOCF − Capex
$120.4M
FCF MarginFCF / Revenue
13.7%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$356.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
EXAS
EXAS
Q4 25
$151.7M
Q3 25
$219.9M
Q2 25
$478.0M
$89.0M
Q1 25
$30.8M
Q4 24
$47.1M
Q3 24
$138.7M
Q2 24
$511.0M
$107.1M
Q1 24
$-82.3M
Free Cash Flow
BIPC
BIPC
EXAS
EXAS
Q4 25
$120.4M
Q3 25
$190.0M
Q2 25
$46.7M
Q1 25
$-365.0K
Q4 24
$10.7M
Q3 24
$112.6M
Q2 24
$71.2M
Q1 24
$-120.0M
FCF Margin
BIPC
BIPC
EXAS
EXAS
Q4 25
13.7%
Q3 25
22.3%
Q2 25
5.8%
Q1 25
-0.1%
Q4 24
1.5%
Q3 24
15.9%
Q2 24
10.2%
Q1 24
-18.8%
Capex Intensity
BIPC
BIPC
EXAS
EXAS
Q4 25
3.6%
Q3 25
3.5%
Q2 25
5.2%
Q1 25
4.4%
Q4 24
5.1%
Q3 24
3.7%
Q2 24
5.1%
Q1 24
5.9%
Cash Conversion
BIPC
BIPC
EXAS
EXAS
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
BIPC

Segment breakdown not available.

EXAS
EXAS

Screening$695.1M79%
Precision Oncology$183.2M21%

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