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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Jefferies Financial Group Inc. (JEF). Click either name above to swap in a different company.
Jefferies Financial Group Inc. is the larger business by last-quarter revenue ($1.7B vs $866.0M, roughly 1.9× Brookfield Infrastructure Corp). Jefferies Financial Group Inc. runs the higher net margin — 12.6% vs -35.7%, a 48.3% gap on every dollar of revenue.
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.
Jefferies Financial Group Inc. is an American financial services company based in New York City. It is listed on the New York Stock Exchange and is a part of the Fortune 1000.
BIPC vs JEF — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $1.7B |
| Net Profit | $-309.0M | $211.3M |
| Gross Margin | 65.0% | 95.7% |
| Operating Margin | 62.7% | 15.2% |
| Net Margin | -35.7% | 12.6% |
| Revenue YoY | -4.6% | — |
| Net Profit YoY | -148.1% | — |
| EPS (diluted) | — | $0.85 |
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.
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $866.0M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $908.0M | $1.0B | ||
| Q1 24 | — | $971.2M | ||
| Q2 23 | $538.0M | — |
| Q4 25 | — | $211.3M | ||
| Q3 25 | — | $242.5M | ||
| Q2 25 | $-309.0M | $91.4M | ||
| Q1 25 | — | $136.8M | ||
| Q3 24 | — | $181.0M | ||
| Q2 24 | $643.0M | $154.7M | ||
| Q1 24 | — | $156.4M | ||
| Q2 23 | $-154.0M | — |
| Q4 25 | — | 95.7% | ||
| Q3 25 | — | 97.7% | ||
| Q2 25 | 65.0% | 96.5% | ||
| Q1 25 | — | 96.4% | ||
| Q3 24 | — | 96.9% | ||
| Q2 24 | 63.8% | 96.4% | ||
| Q1 24 | — | 96.4% | ||
| Q2 23 | 72.3% | — |
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | 62.7% | 11.0% | ||
| Q1 25 | — | 13.2% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | 61.9% | 22.0% | ||
| Q1 24 | — | 22.7% | ||
| Q2 23 | 69.1% | — |
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | -35.7% | 7.4% | ||
| Q1 25 | — | 12.0% | ||
| Q3 24 | — | 14.8% | ||
| Q2 24 | 70.8% | 14.9% | ||
| Q1 24 | — | 16.1% | ||
| Q2 23 | -28.6% | — |
| Q4 25 | — | $0.85 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | — | $0.40 | ||
| Q1 25 | — | $0.57 | ||
| Q3 24 | — | $0.75 | ||
| Q2 24 | — | $0.64 | ||
| Q1 24 | — | $0.66 | ||
| Q2 23 | — | — |
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 | $14.0B |
| Total DebtLower is stronger | — | $15.9B |
| Stockholders' EquityBook value | $2.2B | $10.6B |
| Total Assets | $23.9B | $76.0B |
| Debt / EquityLower = less leverage | — | 1.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.0B | ||
| Q3 25 | — | $11.5B | ||
| Q2 25 | $1.2B | $11.3B | ||
| Q1 25 | — | $11.2B | ||
| Q3 24 | — | $10.6B | ||
| Q2 24 | $466.0M | $10.8B | ||
| Q1 24 | — | $7.6B | ||
| Q2 23 | $356.0M | — |
| Q4 25 | — | $15.9B | ||
| Q3 25 | — | $16.0B | ||
| Q2 25 | — | $15.4B | ||
| Q1 25 | — | $14.8B | ||
| Q3 24 | — | $12.9B | ||
| Q2 24 | — | $12.7B | ||
| Q1 24 | — | $9.9B | ||
| Q2 23 | — | — |
| Q4 25 | — | $10.6B | ||
| Q3 25 | — | $10.4B | ||
| Q2 25 | $2.2B | $10.3B | ||
| Q1 25 | — | $10.2B | ||
| Q3 24 | — | $10.0B | ||
| Q2 24 | $3.5B | $9.9B | ||
| Q1 24 | — | $9.8B | ||
| Q2 23 | $-764.0M | — |
| Q4 25 | — | $76.0B | ||
| Q3 25 | — | $69.3B | ||
| Q2 25 | $23.9B | $67.3B | ||
| Q1 25 | — | $70.2B | ||
| Q3 24 | — | $63.3B | ||
| Q2 24 | $23.7B | $63.0B | ||
| Q1 24 | — | $60.9B | ||
| Q2 23 | $11.0B | — |
| Q4 25 | — | 1.50× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 1.49× | ||
| Q1 25 | — | 1.45× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.01× | ||
| Q2 23 | — | — |
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 | $2.0B |
| Free Cash FlowOCF − Capex | — | $1.9B |
| FCF MarginFCF / Revenue | — | 114.2% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 9.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.7B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $184.2M | ||
| Q2 25 | $478.0M | $-978.3M | ||
| Q1 25 | — | $-2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | $511.0M | — | ||
| Q1 24 | — | $-1.3B | ||
| Q2 23 | $265.0M | — |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $126.0M | ||
| Q2 25 | — | $-1.0B | ||
| Q1 25 | — | $-2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-1.4B | ||
| Q2 23 | — | — |
| Q4 25 | — | 114.2% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | -83.3% | ||
| Q1 25 | — | -237.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -139.4% | ||
| Q2 23 | — | — |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 4.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 9.9% | ||
| Q2 23 | — | — |
| Q4 25 | — | 9.30× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | -10.70× | ||
| Q1 25 | — | -19.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | — | -8.04× | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
JEF
| Investment Banking Underwriting | $555.6M | 33% |
| Principal Transactions Revenue | $378.3M | 23% |
| Commissions And Other Fees | $356.0M | 21% |
| Other | $177.8M | 11% |
| Internet Connection And Boadband Revenue | $57.0M | 3% |
| Other Sources Of Revenue Miscellaneous | $53.3M | 3% |
| Real Estate | $50.7M | 3% |
| Strategic Affiliates Revenue | $13.8M | 1% |
| Asset Management1 | $12.1M | 1% |
| Fixed Income Services | $1.6M | 0% |
