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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Keysight Technologies (KEYS). Click either name above to swap in a different company.
Keysight Technologies is the larger business by last-quarter revenue ($1.4B vs $866.0M, roughly 1.6× Brookfield Infrastructure Corp). Keysight Technologies runs the higher net margin — 16.4% vs -35.7%, a 52.1% gap on every dollar of revenue. On growth, Keysight Technologies posted the faster year-over-year revenue change (10.3% 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.
Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.
BIPC vs KEYS — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $1.4B |
| Net Profit | $-309.0M | $233.0M |
| Gross Margin | 65.0% | 61.2% |
| Operating Margin | 62.7% | 15.3% |
| Net Margin | -35.7% | 16.4% |
| Revenue YoY | -4.6% | 10.3% |
| Net Profit YoY | -148.1% | 419.2% |
| EPS (diluted) | — | $1.35 |
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 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $866.0M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $908.0M | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $233.0M | ||
| Q3 25 | — | $191.0M | ||
| Q2 25 | $-309.0M | $257.0M | ||
| Q1 25 | — | $169.0M | ||
| Q4 24 | — | $-73.0M | ||
| Q3 24 | — | $389.0M | ||
| Q2 24 | $643.0M | $126.0M | ||
| Q1 24 | — | $172.0M |
| Q4 25 | — | 61.2% | ||
| Q3 25 | — | 61.7% | ||
| Q2 25 | 65.0% | 62.3% | ||
| Q1 25 | — | 63.2% | ||
| Q4 24 | — | 62.3% | ||
| Q3 24 | — | 62.0% | ||
| Q2 24 | 63.8% | 62.7% | ||
| Q1 24 | — | 64.6% |
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | 62.7% | 15.8% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | 61.9% | 14.6% | ||
| Q1 24 | — | 17.6% |
| Q4 25 | — | 16.4% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | -35.7% | 19.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | -5.7% | ||
| Q3 24 | — | 32.0% | ||
| Q2 24 | 70.8% | 10.4% | ||
| Q1 24 | — | 13.7% |
| Q4 25 | — | $1.35 | ||
| Q3 25 | — | $1.10 | ||
| Q2 25 | — | $1.49 | ||
| Q1 25 | — | $0.97 | ||
| Q4 24 | — | $-0.41 | ||
| Q3 24 | — | $2.22 | ||
| Q2 24 | — | $0.72 | ||
| Q1 24 | — | $0.98 |
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 | $1.9B |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | $2.2B | $5.9B |
| Total Assets | $23.9B | $11.3B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $466.0M | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $2.2B | $5.5B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | $3.5B | $4.9B | ||
| Q1 24 | — | $4.8B |
| Q4 25 | — | $11.3B | ||
| Q3 25 | — | $10.7B | ||
| Q2 25 | $23.9B | $10.5B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.3B | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | $23.7B | $9.0B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.38× |
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 | $225.0M |
| Free Cash FlowOCF − Capex | — | $187.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | — | 0.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $225.0M | ||
| Q3 25 | — | $322.0M | ||
| Q2 25 | $478.0M | $484.0M | ||
| Q1 25 | — | $378.0M | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $255.0M | ||
| Q2 24 | $511.0M | $110.0M | ||
| Q1 24 | — | $328.0M |
| Q4 25 | — | $187.0M | ||
| Q3 25 | — | $291.0M | ||
| Q2 25 | — | $457.0M | ||
| Q1 25 | — | $346.0M | ||
| Q4 24 | — | $321.0M | ||
| Q3 24 | — | $222.0M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $281.0M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 22.3% |
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 2.24× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | 0.79× | 0.87× | ||
| Q1 24 | — | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
