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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Legence Corp. (LGN). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $708.0M, roughly 1.2× Legence Corp.). Legence Corp. runs the higher net margin — -0.1% vs -35.7%, a 35.6% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% 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.
Legence Corp is a leading sustainable building and decarbonization solution provider. It delivers energy efficiency optimization, building automation design, renewable energy integration, and low-carbon retrofit services for commercial, industrial, and institutional clients, with core operations across North America to help customers cut costs and reduce carbon footprints.
BIPC vs LGN — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $708.0M |
| Net Profit | $-309.0M | $-576.0K |
| Gross Margin | 65.0% | 20.9% |
| Operating Margin | 62.7% | 5.3% |
| Net Margin | -35.7% | -0.1% |
| Revenue YoY | -4.6% | 26.2% |
| Net Profit YoY | -148.1% | 46.8% |
| EPS (diluted) | — | $-0.02 |
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.
| Q3 25 | — | $708.0M | ||
| Q2 25 | $866.0M | — | ||
| Q3 24 | — | $560.8M | ||
| Q2 24 | $908.0M | — | ||
| Q2 23 | $538.0M | — | ||
| Q2 22 | $479.0M | — |
| Q3 25 | — | $-576.0K | ||
| Q2 25 | $-309.0M | — | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | $643.0M | — | ||
| Q2 23 | $-154.0M | — | ||
| Q2 22 | $842.0M | — |
| Q3 25 | — | 20.9% | ||
| Q2 25 | 65.0% | — | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | 63.8% | — | ||
| Q2 23 | 72.3% | — | ||
| Q2 22 | 72.7% | — |
| Q3 25 | — | 5.3% | ||
| Q2 25 | 62.7% | — | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | 61.9% | — | ||
| Q2 23 | 69.1% | — | ||
| Q2 22 | 69.1% | — |
| Q3 25 | — | -0.1% | ||
| Q2 25 | -35.7% | — | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | 70.8% | — | ||
| Q2 23 | -28.6% | — | ||
| Q2 22 | 175.8% | — |
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $176.0M |
| Total DebtLower is stronger | — | $812.6M |
| Stockholders' EquityBook value | $2.2B | $387.9M |
| Total Assets | $23.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 2.10× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $176.0M | ||
| Q2 25 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $466.0M | — | ||
| Q2 23 | $356.0M | — | ||
| Q2 22 | $512.0M | — |
| Q3 25 | — | $812.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | $387.9M | ||
| Q2 25 | $2.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $3.5B | — | ||
| Q2 23 | $-764.0M | — | ||
| Q2 22 | $-1.1B | — |
| Q3 25 | — | $2.6B | ||
| Q2 25 | $23.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $23.7B | — | ||
| Q2 23 | $11.0B | — | ||
| Q2 22 | $10.0B | — |
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $162.1M |
| Free Cash FlowOCF − Capex | — | $137.4M |
| FCF MarginFCF / Revenue | — | 19.4% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $162.1M | ||
| Q2 25 | $478.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $511.0M | — | ||
| Q2 23 | $265.0M | — | ||
| Q2 22 | $232.0M | — |
| Q3 25 | — | $137.4M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
LGN
| Installation And Fabrication | $408.7M | 58% |
| Engineering And Design | $110.9M | 16% |
| Program And Project Management | $101.2M | 14% |
| Maintenance And Service | $87.1M | 12% |
