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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Incyte (INCY). Click either name above to swap in a different company.
Incyte is the larger business by last-quarter revenue ($1.3B vs $866.0M, roughly 1.5× Brookfield Infrastructure Corp). Incyte runs the higher net margin — 23.8% vs -35.7%, a 59.5% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% 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.
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
BIPC vs INCY — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $1.3B |
| Net Profit | $-309.0M | $303.3M |
| Gross Margin | 65.0% | — |
| Operating Margin | 62.7% | 23.7% |
| Net Margin | -35.7% | 23.8% |
| Revenue YoY | -4.6% | 20.9% |
| Net Profit YoY | -148.1% | 91.7% |
| EPS (diluted) | — | $1.47 |
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 | — | $1.3B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $866.0M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $908.0M | $1.0B |
| Q1 26 | — | $303.3M | ||
| Q4 25 | — | $299.3M | ||
| Q3 25 | — | $424.2M | ||
| Q2 25 | $-309.0M | $405.0M | ||
| Q1 25 | — | $158.2M | ||
| Q4 24 | — | $201.2M | ||
| Q3 24 | — | $106.5M | ||
| Q2 24 | $643.0M | $-444.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 92.0% | ||
| Q3 25 | — | 92.8% | ||
| Q2 25 | 65.0% | 93.5% | ||
| Q1 25 | — | 93.0% | ||
| Q4 24 | — | 92.5% | ||
| Q3 24 | — | 92.4% | ||
| Q2 24 | 63.8% | 92.7% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | — | 22.3% | ||
| Q3 25 | — | 32.5% | ||
| Q2 25 | 62.7% | 43.6% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 12.8% | ||
| Q2 24 | 61.9% | -45.8% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 31.1% | ||
| Q2 25 | -35.7% | 33.3% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 9.4% | ||
| Q2 24 | 70.8% | -42.6% |
| Q1 26 | — | $1.47 | ||
| Q4 25 | — | $1.46 | ||
| Q3 25 | — | $2.11 | ||
| Q2 25 | — | $2.04 | ||
| Q1 25 | — | $0.80 | ||
| Q4 24 | — | $0.90 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | — | $-2.04 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $5.6B |
| Total Assets | $23.9B | $7.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $466.0M | $987.3M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | $3.5B | $3.0B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | $23.9B | $5.8B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | $23.7B | $4.7B |
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 | — | $543.3M | ||
| Q3 25 | — | $559.4M | ||
| Q2 25 | $478.0M | $44.7M | ||
| Q1 25 | — | $266.1M | ||
| Q4 24 | — | $381.2M | ||
| Q3 24 | — | $310.9M | ||
| Q2 24 | $511.0M | $-575.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | 0.79× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
