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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and JANUS HENDERSON GROUP PLC (JHG). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $866.0M, roughly 1.3× Brookfield Infrastructure Corp). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs -35.7%, a 71.0% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% 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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
BIPC vs JHG — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $1.1B |
| Net Profit | $-309.0M | $403.2M |
| Gross Margin | 65.0% | — |
| Operating Margin | 62.7% | 42.7% |
| Net Margin | -35.7% | 35.3% |
| Revenue YoY | -4.6% | 61.3% |
| Net Profit YoY | -148.1% | 231.0% |
| EPS (diluted) | — | $2.59 |
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 | — | $1.1B | ||
| Q3 25 | — | $700.4M | ||
| Q2 25 | $866.0M | $633.2M | ||
| Q1 25 | — | $621.4M | ||
| Q4 24 | — | $708.3M | ||
| Q3 24 | — | $624.8M | ||
| Q2 24 | $908.0M | $588.4M | ||
| Q1 24 | — | $551.7M |
| Q4 25 | — | $403.2M | ||
| Q3 25 | — | $142.1M | ||
| Q2 25 | $-309.0M | $149.9M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $121.8M | ||
| Q3 24 | — | $27.3M | ||
| Q2 24 | $643.0M | $129.7M | ||
| Q1 24 | — | $130.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 65.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 63.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 42.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | 62.7% | 25.9% | ||
| Q1 25 | — | 24.7% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 26.4% | ||
| Q2 24 | 61.9% | 27.9% | ||
| Q1 24 | — | 21.6% |
| Q4 25 | — | 35.3% | ||
| Q3 25 | — | 20.3% | ||
| Q2 25 | -35.7% | 23.7% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | 70.8% | 22.0% | ||
| Q1 24 | — | 23.6% |
| Q4 25 | — | $2.59 | ||
| Q3 25 | — | $0.92 | ||
| Q2 25 | — | $0.95 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $0.77 | ||
| Q3 24 | — | $0.17 | ||
| Q2 24 | — | $0.81 | ||
| Q1 24 | — | $0.81 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $5.1B |
| Total Assets | $23.9B | $8.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $466.0M | $1.3B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $3.5B | $4.5B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | — | $8.3B | ||
| Q3 25 | — | $7.6B | ||
| Q2 25 | $23.9B | $7.5B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | $23.7B | $6.4B | ||
| Q1 24 | — | $6.3B |
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 | $322.7M |
| Free Cash FlowOCF − Capex | — | $320.4M |
| FCF MarginFCF / Revenue | — | 28.0% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $322.7M | ||
| Q3 25 | — | $258.8M | ||
| Q2 25 | $478.0M | $135.2M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $228.5M | ||
| Q2 24 | $511.0M | $223.8M | ||
| Q1 24 | — | $-5.0M |
| Q4 25 | — | $320.4M | ||
| Q3 25 | — | $256.4M | ||
| Q2 25 | — | $133.2M | ||
| Q1 25 | — | $900.0K | ||
| Q4 24 | — | $243.5M | ||
| Q3 24 | — | $225.9M | ||
| Q2 24 | — | $221.9M | ||
| Q1 24 | — | $-6.8M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 34.4% | ||
| Q3 24 | — | 36.2% | ||
| Q2 24 | — | 37.7% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | — | 8.37× | ||
| Q2 24 | 0.79× | 1.73× | ||
| Q1 24 | — | -0.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
