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

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $866.0M, roughly 1.3× Brookfield Infrastructure Corp). Fabrinet runs the higher net margin — 9.9% vs -35.7%, a 45.6% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% 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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

BIPC vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.3× larger
FN
$1.1B
$866.0M
BIPC
Growing faster (revenue YoY)
FN
FN
+40.5% gap
FN
35.9%
-4.6%
BIPC
Higher net margin
FN
FN
45.6% more per $
FN
9.9%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BIPC
BIPC
FN
FN
Revenue
$866.0M
$1.1B
Net Profit
$-309.0M
$112.6M
Gross Margin
65.0%
12.2%
Operating Margin
62.7%
10.1%
Net Margin
-35.7%
9.9%
Revenue YoY
-4.6%
35.9%
Net Profit YoY
-148.1%
30.0%
EPS (diluted)
$3.11

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
FN
FN
Q4 25
$1.1B
Q3 25
$978.1M
Q2 25
$866.0M
$909.7M
Q1 25
$871.8M
Q4 24
$833.6M
Q3 24
$804.2M
Q2 24
$908.0M
$753.3M
Q1 24
$731.5M
Net Profit
BIPC
BIPC
FN
FN
Q4 25
$112.6M
Q3 25
$95.9M
Q2 25
$-309.0M
$87.2M
Q1 25
$81.3M
Q4 24
$86.6M
Q3 24
$77.4M
Q2 24
$643.0M
$81.1M
Q1 24
$80.9M
Gross Margin
BIPC
BIPC
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
65.0%
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
63.8%
12.3%
Q1 24
12.4%
Operating Margin
BIPC
BIPC
FN
FN
Q4 25
10.1%
Q3 25
9.6%
Q2 25
62.7%
9.8%
Q1 25
9.0%
Q4 24
9.5%
Q3 24
9.6%
Q2 24
61.9%
9.7%
Q1 24
9.7%
Net Margin
BIPC
BIPC
FN
FN
Q4 25
9.9%
Q3 25
9.8%
Q2 25
-35.7%
9.6%
Q1 25
9.3%
Q4 24
10.4%
Q3 24
9.6%
Q2 24
70.8%
10.8%
Q1 24
11.1%
EPS (diluted)
BIPC
BIPC
FN
FN
Q4 25
$3.11
Q3 25
$2.66
Q2 25
$2.41
Q1 25
$2.25
Q4 24
$2.38
Q3 24
$2.13
Q2 24
$2.22
Q1 24
$2.21

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
FN
FN
Cash + ST InvestmentsLiquidity on hand
$1.2B
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$2.2B
Total Assets
$23.9B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
FN
FN
Q4 25
$960.8M
Q3 25
$968.8M
Q2 25
$1.2B
$934.2M
Q1 25
$950.7M
Q4 24
$934.6M
Q3 24
$908.9M
Q2 24
$466.0M
$858.6M
Q1 24
$794.0M
Stockholders' Equity
BIPC
BIPC
FN
FN
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$2.2B
$2.0B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$3.5B
$1.7B
Q1 24
$1.7B
Total Assets
BIPC
BIPC
FN
FN
Q4 25
$3.3B
Q3 25
$3.0B
Q2 25
$23.9B
$2.8B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$23.7B
$2.3B
Q1 24
$2.2B

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
FN
FN
Operating Cash FlowLast quarter
$478.0M
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
FN
FN
Q4 25
$46.3M
Q3 25
$102.6M
Q2 25
$478.0M
$55.1M
Q1 25
$74.2M
Q4 24
$115.9M
Q3 24
$83.2M
Q2 24
$511.0M
$83.1M
Q1 24
$100.9M
Free Cash Flow
BIPC
BIPC
FN
FN
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
Q1 24
$87.3M
FCF Margin
BIPC
BIPC
FN
FN
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Q1 24
11.9%
Capex Intensity
BIPC
BIPC
FN
FN
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Q1 24
1.9%
Cash Conversion
BIPC
BIPC
FN
FN
Q4 25
0.41×
Q3 25
1.07×
Q2 25
0.63×
Q1 25
0.91×
Q4 24
1.34×
Q3 24
1.07×
Q2 24
0.79×
1.02×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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