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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and FLOWERS FOODS INC (FLO). Click either name above to swap in a different company.

FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $866.0M, roughly 1.4× Brookfield Infrastructure Corp). On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (11.0% 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.

Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."

BIPC vs FLO — Head-to-Head

Bigger by revenue
FLO
FLO
1.4× larger
FLO
$1.2B
$866.0M
BIPC
Growing faster (revenue YoY)
FLO
FLO
+15.6% gap
FLO
11.0%
-4.6%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
FLO
FLO
Revenue
$866.0M
$1.2B
Net Profit
$-309.0M
Gross Margin
65.0%
Operating Margin
62.7%
Net Margin
-35.7%
Revenue YoY
-4.6%
11.0%
Net Profit YoY
-148.1%
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.

Revenue
BIPC
BIPC
FLO
FLO
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$866.0M
$1.6B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$908.0M
$1.6B
Q2 23
$538.0M
Q2 22
$479.0M
Net Profit
BIPC
BIPC
FLO
FLO
Q4 25
$39.5M
Q3 25
$58.4M
Q2 25
$-309.0M
$53.0M
Q4 24
$65.0M
Q3 24
$67.0M
Q2 24
$643.0M
$73.0M
Q2 23
$-154.0M
Q2 22
$842.0M
Gross Margin
BIPC
BIPC
FLO
FLO
Q4 25
Q3 25
Q2 25
65.0%
Q4 24
Q3 24
Q2 24
63.8%
Q2 23
72.3%
Q2 22
72.7%
Operating Margin
BIPC
BIPC
FLO
FLO
Q4 25
5.4%
Q3 25
7.5%
Q2 25
62.7%
5.5%
Q4 24
7.6%
Q3 24
7.8%
Q2 24
61.9%
6.4%
Q2 23
69.1%
Q2 22
69.1%
Net Margin
BIPC
BIPC
FLO
FLO
Q4 25
3.2%
Q3 25
4.7%
Q2 25
-35.7%
3.4%
Q4 24
5.5%
Q3 24
5.5%
Q2 24
70.8%
4.6%
Q2 23
-28.6%
Q2 22
175.8%
EPS (diluted)
BIPC
BIPC
FLO
FLO
Q4 25
$0.19
Q3 25
$0.28
Q2 25
$0.25
Q4 24
$0.31
Q3 24
$0.32
Q2 24
$0.34
Q2 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
FLO
FLO
Cash + ST InvestmentsLiquidity on hand
$1.2B
$12.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$23.9B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
FLO
FLO
Q4 25
$16.7M
Q3 25
$11.0M
Q2 25
$1.2B
$7.3M
Q4 24
$15.0M
Q3 24
$6.9M
Q2 24
$466.0M
$15.8M
Q2 23
$356.0M
Q2 22
$512.0M
Total Debt
BIPC
BIPC
FLO
FLO
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q2 23
Q2 22
Stockholders' Equity
BIPC
BIPC
FLO
FLO
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$2.2B
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$3.5B
$1.4B
Q2 23
$-764.0M
Q2 22
$-1.1B
Total Assets
BIPC
BIPC
FLO
FLO
Q4 25
$4.3B
Q3 25
$4.3B
Q2 25
$23.9B
$4.3B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$23.7B
$3.4B
Q2 23
$11.0B
Q2 22
$10.0B
Debt / Equity
BIPC
BIPC
FLO
FLO
Q4 25
1.25×
Q3 25
1.23×
Q2 25
1.26×
Q4 24
0.75×
Q3 24
0.77×
Q2 24
0.76×
Q2 23
Q2 22

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
FLO
FLO
Operating Cash FlowLast quarter
$478.0M
$125.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
FLO
FLO
Q4 25
$54.4M
Q3 25
$130.8M
Q2 25
$478.0M
$135.6M
Q4 24
$113.9M
Q3 24
$63.3M
Q2 24
$511.0M
$105.1M
Q2 23
$265.0M
Q2 22
$232.0M
Free Cash Flow
BIPC
BIPC
FLO
FLO
Q4 25
$30.4M
Q3 25
$100.0M
Q2 25
$110.1M
Q4 24
$88.6M
Q3 24
$35.4M
Q2 24
$71.8M
Q2 23
Q2 22
FCF Margin
BIPC
BIPC
FLO
FLO
Q4 25
2.5%
Q3 25
8.0%
Q2 25
7.1%
Q4 24
7.4%
Q3 24
2.9%
Q2 24
4.6%
Q2 23
Q2 22
Capex Intensity
BIPC
BIPC
FLO
FLO
Q4 25
2.0%
Q3 25
2.5%
Q2 25
1.6%
Q4 24
2.1%
Q3 24
2.3%
Q2 24
2.1%
Q2 23
Q2 22
Cash Conversion
BIPC
BIPC
FLO
FLO
Q4 25
1.38×
Q3 25
2.24×
Q2 25
2.56×
Q4 24
1.75×
Q3 24
0.94×
Q2 24
0.79×
1.44×
Q2 23
Q2 22
0.28×

Financial Flow Comparison

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

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