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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $458.6M, roughly 1.9× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -35.7%, a 51.5% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% 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.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
BIPC vs HCC — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $458.6M |
| Net Profit | $-309.0M | $72.3M |
| Gross Margin | 65.0% | 36.7% |
| Operating Margin | 62.7% | 17.3% |
| Net Margin | -35.7% | 15.8% |
| Revenue YoY | -4.6% | 52.1% |
| Net Profit YoY | -148.1% | — |
| EPS (diluted) | — | $1.37 |
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.
| Q1 26 | — | $458.6M | ||
| Q4 25 | — | $384.0M | ||
| Q3 25 | — | $328.6M | ||
| Q2 25 | $866.0M | $297.5M | ||
| Q1 25 | — | $299.9M | ||
| Q4 24 | — | $297.5M | ||
| Q3 24 | — | $327.7M | ||
| Q2 24 | $908.0M | $396.5M |
| Q1 26 | — | $72.3M | ||
| Q4 25 | — | $23.0M | ||
| Q3 25 | — | $36.6M | ||
| Q2 25 | $-309.0M | $5.6M | ||
| Q1 25 | — | $-8.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $41.8M | ||
| Q2 24 | $643.0M | $70.7M |
| Q1 26 | — | 36.7% | ||
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | 65.0% | 23.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | 63.8% | 34.1% |
| Q1 26 | — | 17.3% | ||
| Q4 25 | — | 9.0% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | 62.7% | 2.6% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | 61.9% | 17.9% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | -35.7% | 1.9% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | 70.8% | 17.8% |
| Q1 26 | — | $1.37 | ||
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.02 | ||
| Q3 24 | — | $0.80 | ||
| Q2 24 | — | $1.35 |
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 | $233.2M |
| Total DebtLower is stronger | — | $154.4M |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $23.9B | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $233.2M | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | — | $336.3M | ||
| Q2 25 | $1.2B | $383.3M | ||
| Q1 25 | — | $454.9M | ||
| Q4 24 | — | $491.5M | ||
| Q3 24 | — | $583.2M | ||
| Q2 24 | $466.0M | $709.0M |
| Q1 26 | — | $154.4M | ||
| Q4 25 | — | $154.3M | ||
| Q3 25 | — | $154.1M | ||
| Q2 25 | — | $153.9M | ||
| Q1 25 | — | $153.8M | ||
| Q4 24 | — | $153.6M | ||
| Q3 24 | — | $153.5M | ||
| Q2 24 | — | $153.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | $3.5B | $2.0B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | $23.9B | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | $23.7B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $76.1M | ||
| Q3 25 | — | $104.7M | ||
| Q2 25 | $478.0M | $37.5M | ||
| Q1 25 | — | $10.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $62.2M | ||
| Q2 24 | $511.0M | $147.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.31× | ||
| Q3 25 | — | 2.86× | ||
| Q2 25 | — | 6.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.68× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | 0.79× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
