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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $830.7M, roughly 1.0× FTAI Aviation Ltd.). FTAI Aviation Ltd. runs the higher net margin — 16.2% vs -35.7%, a 51.8% gap on every dollar of revenue. On growth, FTAI Aviation Ltd. posted the faster year-over-year revenue change (65.5% 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.

FTAI Aviation Ltd. is a global aerospace infrastructure and aviation solutions provider focused on owning, leasing, and maintaining commercial aircraft, aircraft engines, and related aviation assets. It serves commercial airlines, cargo operators, and MRO service providers worldwide, offering tailored asset management and aftermarket support solutions to optimize operational efficiency for clients across the global aviation ecosystem.

BIPC vs FTAI — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.0× larger
BIPC
$866.0M
$830.7M
FTAI
Growing faster (revenue YoY)
FTAI
FTAI
+70.1% gap
FTAI
65.5%
-4.6%
BIPC
Higher net margin
FTAI
FTAI
51.8% more per $
FTAI
16.2%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIPC
BIPC
FTAI
FTAI
Revenue
$866.0M
$830.7M
Net Profit
$-309.0M
$134.2M
Gross Margin
65.0%
36.9%
Operating Margin
62.7%
Net Margin
-35.7%
16.2%
Revenue YoY
-4.6%
65.5%
Net Profit YoY
-148.1%
34.7%
EPS (diluted)
$1.29

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
FTAI
FTAI
Q1 26
$830.7M
Q4 25
$662.0M
Q3 25
$667.1M
Q2 25
$866.0M
$676.2M
Q1 25
$502.1M
Q4 24
$498.8M
Q3 24
$465.8M
Q2 24
$908.0M
$443.6M
Net Profit
BIPC
BIPC
FTAI
FTAI
Q1 26
$134.2M
Q4 25
$115.6M
Q3 25
$117.7M
Q2 25
$-309.0M
$165.4M
Q1 25
$102.4M
Q4 24
$102.4M
Q3 24
$86.5M
Q2 24
$643.0M
$-219.9M
Gross Margin
BIPC
BIPC
FTAI
FTAI
Q1 26
36.9%
Q4 25
44.3%
Q3 25
45.6%
Q2 25
65.0%
45.4%
Q1 25
50.5%
Q4 24
48.3%
Q3 24
52.9%
Q2 24
63.8%
53.6%
Operating Margin
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
20.3%
Q3 25
21.6%
Q2 25
62.7%
30.1%
Q1 25
24.9%
Q4 24
21.7%
Q3 24
20.1%
Q2 24
61.9%
-52.5%
Net Margin
BIPC
BIPC
FTAI
FTAI
Q1 26
16.2%
Q4 25
17.5%
Q3 25
17.6%
Q2 25
-35.7%
24.5%
Q1 25
20.4%
Q4 24
20.5%
Q3 24
18.6%
Q2 24
70.8%
-49.6%
EPS (diluted)
BIPC
BIPC
FTAI
FTAI
Q1 26
$1.29
Q4 25
$1.06
Q3 25
$1.10
Q2 25
$1.57
Q1 25
$0.87
Q4 24
$0.87
Q3 24
$0.76
Q2 24
$-2.26

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
FTAI
FTAI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$412.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$431.7M
Total Assets
$23.9B
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
FTAI
FTAI
Q1 26
$412.2M
Q4 25
$300.5M
Q3 25
$509.9M
Q2 25
$1.2B
$301.9M
Q1 25
$112.1M
Q4 24
$115.1M
Q3 24
$111.9M
Q2 24
$466.0M
$169.5M
Total Debt
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
$3.4B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.6B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$3.1B
Stockholders' Equity
BIPC
BIPC
FTAI
FTAI
Q1 26
$431.7M
Q4 25
$334.2M
Q3 25
$252.5M
Q2 25
$2.2B
$164.9M
Q1 25
$28.3M
Q4 24
$81.4M
Q3 24
$118.5M
Q2 24
$3.5B
$69.6M
Total Assets
BIPC
BIPC
FTAI
FTAI
Q1 26
$4.5B
Q4 25
$4.4B
Q3 25
$4.2B
Q2 25
$23.9B
$4.1B
Q1 25
$4.3B
Q4 24
$4.0B
Q3 24
$3.7B
Q2 24
$23.7B
$3.4B
Debt / Equity
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
10.32×
Q3 25
13.65×
Q2 25
20.88×
Q1 25
128.56×
Q4 24
42.28×
Q3 24
27.15×
Q2 24
44.24×

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
FTAI
FTAI
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
FTAI
FTAI
Q1 26
Q4 25
$-179.1M
Q3 25
$4.6M
Q2 25
$478.0M
$-110.3M
Q1 25
$-26.0M
Q4 24
$-41.8M
Q3 24
$41.5M
Q2 24
$511.0M
$-187.3M
Free Cash Flow
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
$-189.3M
Q3 25
$-1.8M
Q2 25
$-117.2M
Q1 25
$-30.1M
Q4 24
$-48.1M
Q3 24
$41.0M
Q2 24
$-188.4M
FCF Margin
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
-28.6%
Q3 25
-0.3%
Q2 25
-17.3%
Q1 25
-6.0%
Q4 24
-9.6%
Q3 24
8.8%
Q2 24
-42.5%
Capex Intensity
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
1.5%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
1.3%
Q3 24
0.1%
Q2 24
0.3%
Cash Conversion
BIPC
BIPC
FTAI
FTAI
Q1 26
Q4 25
-1.55×
Q3 25
0.04×
Q2 25
-0.67×
Q1 25
-0.25×
Q4 24
-0.41×
Q3 24
0.48×
Q2 24
0.79×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

FTAI
FTAI

Aerospace products revenue$522.6M63%
MRE Contract revenue$221.2M27%
Lease income$39.9M5%
Maintenance revenue$30.6M4%
Asset sales revenue$10.2M1%
Other revenue (1)$6.2M1%

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