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

FLOWSERVE CORP is the larger business by last-quarter revenue ($1.1B vs $866.0M, roughly 1.2× Brookfield Infrastructure Corp). FLOWSERVE CORP runs the higher net margin — 7.6% vs -35.7%, a 43.3% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -6.7%).

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.

The Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Headquartered in Irving, Texas, which is in the Dallas–Fort Worth Metroplex, Flowserve employs close to 16,000 employees in more than 50 countries. Flowserve sells products and offers aftermarket services to engineering and c...

BIPC vs FLS — Head-to-Head

Bigger by revenue
FLS
FLS
1.2× larger
FLS
$1.1B
$866.0M
BIPC
Growing faster (revenue YoY)
BIPC
BIPC
+2.0% gap
BIPC
-4.6%
-6.7%
FLS
Higher net margin
FLS
FLS
43.3% more per $
FLS
7.6%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIPC
BIPC
FLS
FLS
Revenue
$866.0M
$1.1B
Net Profit
$-309.0M
$81.7M
Gross Margin
65.0%
35.6%
Operating Margin
62.7%
11.2%
Net Margin
-35.7%
7.6%
Revenue YoY
-4.6%
-6.7%
Net Profit YoY
-148.1%
10.5%
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
FLS
FLS
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$866.0M
$1.2B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$908.0M
$1.2B
Net Profit
BIPC
BIPC
FLS
FLS
Q1 26
$81.7M
Q4 25
$-29.0M
Q3 25
$219.6M
Q2 25
$-309.0M
$81.8M
Q1 25
$73.9M
Q4 24
$77.5M
Q3 24
$58.4M
Q2 24
$643.0M
$72.6M
Gross Margin
BIPC
BIPC
FLS
FLS
Q1 26
35.6%
Q4 25
34.8%
Q3 25
32.4%
Q2 25
65.0%
34.2%
Q1 25
32.3%
Q4 24
31.5%
Q3 24
31.5%
Q2 24
63.8%
31.6%
Operating Margin
BIPC
BIPC
FLS
FLS
Q1 26
11.2%
Q4 25
3.5%
Q3 25
6.7%
Q2 25
62.7%
12.3%
Q1 25
11.5%
Q4 24
10.6%
Q3 24
9.1%
Q2 24
61.9%
10.5%
Net Margin
BIPC
BIPC
FLS
FLS
Q1 26
7.6%
Q4 25
-2.4%
Q3 25
18.7%
Q2 25
-35.7%
6.9%
Q1 25
6.5%
Q4 24
6.6%
Q3 24
5.2%
Q2 24
70.8%
6.3%
EPS (diluted)
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
$-0.21
Q3 25
$1.67
Q2 25
$0.62
Q1 25
$0.56
Q4 24
$0.59
Q3 24
$0.44
Q2 24
$0.55

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
FLS
FLS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$792.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$2.3B
Total Assets
$23.9B
$5.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
FLS
FLS
Q1 26
$792.4M
Q4 25
$760.2M
Q3 25
Q2 25
$1.2B
Q1 25
Q4 24
$675.4M
Q3 24
Q2 24
$466.0M
Total Debt
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
BIPC
BIPC
FLS
FLS
Q1 26
$2.3B
Q4 25
$2.2B
Q3 25
$2.3B
Q2 25
$2.2B
$2.2B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$3.5B
$2.0B
Total Assets
BIPC
BIPC
FLS
FLS
Q1 26
$5.7B
Q4 25
$5.7B
Q3 25
$5.8B
Q2 25
$23.9B
$5.7B
Q1 25
$5.5B
Q4 24
$5.5B
Q3 24
$5.3B
Q2 24
$23.7B
$5.2B
Debt / Equity
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
0.72×
Q3 25
Q2 25
Q1 25
Q4 24
0.75×
Q3 24
Q2 24

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
FLS
FLS
Operating Cash FlowLast quarter
$478.0M
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
FLS
FLS
Q1 26
Q4 25
$-174.0K
Q3 25
$401.8M
Q2 25
$478.0M
$154.1M
Q1 25
$-49.9M
Q4 24
$197.3M
Q3 24
$178.5M
Q2 24
$511.0M
$-12.8M
Free Cash Flow
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
$-25.6M
Q3 25
$384.7M
Q2 25
$137.5M
Q1 25
$-61.7M
Q4 24
$168.5M
Q3 24
$154.6M
Q2 24
$-27.5M
FCF Margin
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
-2.1%
Q3 25
32.8%
Q2 25
11.6%
Q1 25
-5.4%
Q4 24
14.3%
Q3 24
13.6%
Q2 24
-2.4%
Capex Intensity
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
1.4%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
2.1%
Q2 24
1.3%
Cash Conversion
BIPC
BIPC
FLS
FLS
Q1 26
Q4 25
Q3 25
1.83×
Q2 25
1.89×
Q1 25
-0.68×
Q4 24
2.55×
Q3 24
3.06×
Q2 24
0.79×
-0.18×

Financial Flow Comparison

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

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