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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and FEDERATED HERMES, INC. (FHI). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $482.8M, roughly 1.8× FEDERATED HERMES, INC.). FEDERATED HERMES, INC. runs the higher net margin — 22.2% vs -35.7%, a 57.9% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (13.7% 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.
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
BIPC vs FHI — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $482.8M |
| Net Profit | $-309.0M | $107.0M |
| Gross Margin | 65.0% | — |
| Operating Margin | 62.7% | 28.1% |
| Net Margin | -35.7% | 22.2% |
| Revenue YoY | -4.6% | 13.7% |
| Net Profit YoY | -148.1% | 26.4% |
| EPS (diluted) | — | $1.38 |
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 | — | $482.8M | ||
| Q3 25 | — | $469.4M | ||
| Q2 25 | $866.0M | $424.8M | ||
| Q1 25 | — | $423.5M | ||
| Q4 24 | — | $424.7M | ||
| Q3 24 | — | $408.5M | ||
| Q2 24 | $908.0M | $402.6M | ||
| Q1 24 | — | $396.4M |
| Q4 25 | — | $107.0M | ||
| Q3 25 | — | $104.1M | ||
| Q2 25 | $-309.0M | $91.0M | ||
| Q1 25 | — | $101.1M | ||
| Q4 24 | — | $84.7M | ||
| Q3 24 | — | $87.5M | ||
| Q2 24 | $643.0M | $21.0M | ||
| Q1 24 | — | $75.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 63.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 28.1% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | 62.7% | 27.6% | ||
| Q1 25 | — | 31.1% | ||
| Q4 24 | — | 26.0% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | 61.9% | 10.1% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | -35.7% | 21.4% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | 70.8% | 5.2% | ||
| Q1 24 | — | 18.9% |
| Q4 25 | — | $1.38 | ||
| Q3 25 | — | $1.34 | ||
| Q2 25 | — | $1.16 | ||
| Q1 25 | — | $1.25 | ||
| Q4 24 | — | $1.08 | ||
| Q3 24 | — | $1.06 | ||
| Q2 24 | — | $0.20 | ||
| Q1 24 | — | $0.89 |
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 | $582.5M |
| Total DebtLower is stronger | — | $348.4M |
| Stockholders' EquityBook value | $2.2B | $1.2B |
| Total Assets | $23.9B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $582.5M | ||
| Q3 25 | — | $506.3M | ||
| Q2 25 | $1.2B | $371.0M | ||
| Q1 25 | — | $387.6M | ||
| Q4 24 | — | $504.4M | ||
| Q3 24 | — | $375.0M | ||
| Q2 24 | $466.0M | $307.4M | ||
| Q1 24 | — | $359.8M |
| Q4 25 | — | $348.4M | ||
| Q3 25 | — | $348.3M | ||
| Q2 25 | — | $348.2M | ||
| Q1 25 | — | $348.2M | ||
| Q4 24 | — | $348.1M | ||
| Q3 24 | — | $348.0M | ||
| Q2 24 | — | $348.0M | ||
| Q1 24 | — | $347.9M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $3.5B | $1.0B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $23.9B | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $23.7B | $1.9B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.30× |
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 | $297.3M |
| Free Cash FlowOCF − Capex | — | $294.6M |
| FCF MarginFCF / Revenue | — | 61.0% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | $427.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $297.3M | ||
| Q3 25 | — | $103.1M | ||
| Q2 25 | $478.0M | $18.8M | ||
| Q1 25 | — | $14.3M | ||
| Q4 24 | — | $346.6M | ||
| Q3 24 | — | $117.1M | ||
| Q2 24 | $511.0M | $88.7M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | $294.6M | ||
| Q3 25 | — | $101.6M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $342.5M | ||
| Q3 24 | — | $114.1M | ||
| Q2 24 | — | $82.7M | ||
| Q1 24 | — | $13.5M |
| Q4 25 | — | 61.0% | ||
| Q3 25 | — | 21.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 80.7% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 4.09× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | 0.79× | 4.22× | ||
| Q1 24 | — | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
