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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Liberty Latin America Ltd. (LILA). Click either name above to swap in a different company.

Liberty Latin America Ltd. is the larger business by last-quarter revenue ($1.2B vs $866.0M, roughly 1.3× Brookfield Infrastructure Corp). Liberty Latin America Ltd. runs the higher net margin — -4.7% vs -35.7%, a 31.0% gap on every dollar of revenue. On growth, Liberty Latin America Ltd. posted the faster year-over-year revenue change (1.7% 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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

BIPC vs LILA — Head-to-Head

Bigger by revenue
LILA
LILA
1.3× larger
LILA
$1.2B
$866.0M
BIPC
Growing faster (revenue YoY)
LILA
LILA
+6.3% gap
LILA
1.7%
-4.6%
BIPC
Higher net margin
LILA
LILA
31.0% more per $
LILA
-4.7%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
LILA
LILA
Revenue
$866.0M
$1.2B
Net Profit
$-309.0M
$-54.8M
Gross Margin
65.0%
77.3%
Operating Margin
62.7%
10.8%
Net Margin
-35.7%
-4.7%
Revenue YoY
-4.6%
1.7%
Net Profit YoY
-148.1%
74.0%
EPS (diluted)
$-0.27

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.

Revenue
BIPC
BIPC
LILA
LILA
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$866.0M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$908.0M
$1.1B
Q1 24
$1.1B
Net Profit
BIPC
BIPC
LILA
LILA
Q4 25
$-54.8M
Q3 25
$3.3M
Q2 25
$-309.0M
$-423.3M
Q1 25
$-136.4M
Q4 24
$-210.4M
Q3 24
$-435.8M
Q2 24
$643.0M
$-42.7M
Q1 24
$-500.0K
Gross Margin
BIPC
BIPC
LILA
LILA
Q4 25
77.3%
Q3 25
77.7%
Q2 25
65.0%
78.6%
Q1 25
78.5%
Q4 24
76.1%
Q3 24
78.7%
Q2 24
63.8%
78.1%
Q1 24
78.2%
Operating Margin
BIPC
BIPC
LILA
LILA
Q4 25
10.8%
Q3 25
16.9%
Q2 25
62.7%
-30.6%
Q1 25
11.8%
Q4 24
8.7%
Q3 24
-34.9%
Q2 24
61.9%
9.9%
Q1 24
8.4%
Net Margin
BIPC
BIPC
LILA
LILA
Q4 25
-4.7%
Q3 25
0.3%
Q2 25
-35.7%
-39.0%
Q1 25
-12.6%
Q4 24
-18.5%
Q3 24
-40.0%
Q2 24
70.8%
-3.8%
Q1 24
-0.0%
EPS (diluted)
BIPC
BIPC
LILA
LILA
Q4 25
$-0.27
Q3 25
$0.02
Q2 25
$-2.12
Q1 25
$-0.69
Q4 24
$-1.03
Q3 24
$-2.22
Q2 24
$-0.22
Q1 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BIPC
BIPC
LILA
LILA
Cash + ST InvestmentsLiquidity on hand
$1.2B
$783.9M
Total DebtLower is stronger
$7.9B
Stockholders' EquityBook value
$2.2B
$555.6M
Total Assets
$23.9B
$12.2B
Debt / EquityLower = less leverage
14.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
LILA
LILA
Q4 25
$783.9M
Q3 25
$596.7M
Q2 25
$1.2B
$514.4M
Q1 25
$575.5M
Q4 24
$654.3M
Q3 24
$588.6M
Q2 24
$466.0M
$598.6M
Q1 24
$668.5M
Total Debt
BIPC
BIPC
LILA
LILA
Q4 25
$7.9B
Q3 25
$7.8B
Q2 25
$7.6B
Q1 25
$7.6B
Q4 24
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Q1 24
$7.6B
Stockholders' Equity
BIPC
BIPC
LILA
LILA
Q4 25
$555.6M
Q3 25
$628.9M
Q2 25
$2.2B
$608.4M
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$3.5B
$1.7B
Q1 24
$1.7B
Total Assets
BIPC
BIPC
LILA
LILA
Q4 25
$12.2B
Q3 25
$12.0B
Q2 25
$23.9B
$12.0B
Q1 25
$12.6B
Q4 24
$12.8B
Q3 24
$12.7B
Q2 24
$23.7B
$13.2B
Q1 24
$13.3B
Debt / Equity
BIPC
BIPC
LILA
LILA
Q4 25
14.17×
Q3 25
12.45×
Q2 25
12.50×
Q1 25
7.47×
Q4 24
6.99×
Q3 24
6.20×
Q2 24
4.59×
Q1 24
4.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BIPC
BIPC
LILA
LILA
Operating Cash FlowLast quarter
$478.0M
$461.9M
Free Cash FlowOCF − Capex
$320.1M
FCF MarginFCF / Revenue
27.6%
Capex IntensityCapex / Revenue
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$305.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
LILA
LILA
Q4 25
$461.9M
Q3 25
$178.2M
Q2 25
$478.0M
$141.2M
Q1 25
$24.6M
Q4 24
$398.6M
Q3 24
$177.5M
Q2 24
$511.0M
$156.9M
Q1 24
$23.3M
Free Cash Flow
BIPC
BIPC
LILA
LILA
Q4 25
$320.1M
Q3 25
$56.0M
Q2 25
$1.9M
Q1 25
$-72.1M
Q4 24
$234.9M
Q3 24
$51.0M
Q2 24
$16.4M
Q1 24
$-86.4M
FCF Margin
BIPC
BIPC
LILA
LILA
Q4 25
27.6%
Q3 25
5.0%
Q2 25
0.2%
Q1 25
-6.7%
Q4 24
20.6%
Q3 24
4.7%
Q2 24
1.5%
Q1 24
-7.9%
Capex Intensity
BIPC
BIPC
LILA
LILA
Q4 25
12.2%
Q3 25
11.0%
Q2 25
12.8%
Q1 25
8.9%
Q4 24
14.4%
Q3 24
11.6%
Q2 24
12.6%
Q1 24
10.0%
Cash Conversion
BIPC
BIPC
LILA
LILA
Q4 25
Q3 25
54.00×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.79×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

LILA
LILA

Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico$301.3M26%
Cable Wireless Communications Limited CW Panama$230.1M20%
Costa Rica Segment$168.2M15%
Liberty Networks$129.3M11%
Cable Subscription$112.4M10%
Mobile Subscription$95.9M8%
Mobile Handset And Other Devices$73.0M6%
Liberty Networks Other$25.0M2%
Mobile Non Subscription$21.6M2%
B2B Mobile Handsetand Other Devices$7.0M1%
Cable Non Subscription$4.3M0%

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