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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Monolithic Power Systems (MPWR). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $751.2M, roughly 1.2× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 22.9% vs -35.7%, a 58.5% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% 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.

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

BIPC vs MPWR — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.2× larger
BIPC
$866.0M
$751.2M
MPWR
Growing faster (revenue YoY)
MPWR
MPWR
+25.5% gap
MPWR
20.8%
-4.6%
BIPC
Higher net margin
MPWR
MPWR
58.5% more per $
MPWR
22.9%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
MPWR
MPWR
Revenue
$866.0M
$751.2M
Net Profit
$-309.0M
$171.7M
Gross Margin
65.0%
55.2%
Operating Margin
62.7%
26.6%
Net Margin
-35.7%
22.9%
Revenue YoY
-4.6%
20.8%
Net Profit YoY
-148.1%
-86.3%
EPS (diluted)
$3.50

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
MPWR
MPWR
Q4 25
$751.2M
Q3 25
$737.2M
Q2 25
$866.0M
$664.6M
Q1 25
$637.6M
Q4 24
$621.7M
Q3 24
$620.1M
Q2 24
$908.0M
$507.4M
Q1 24
$457.9M
Net Profit
BIPC
BIPC
MPWR
MPWR
Q4 25
$171.7M
Q3 25
$179.8M
Q2 25
$-309.0M
$135.0M
Q1 25
$135.1M
Q4 24
$1.3B
Q3 24
$144.4M
Q2 24
$643.0M
$100.4M
Q1 24
$92.5M
Gross Margin
BIPC
BIPC
MPWR
MPWR
Q4 25
55.2%
Q3 25
55.1%
Q2 25
65.0%
55.1%
Q1 25
55.4%
Q4 24
55.4%
Q3 24
55.4%
Q2 24
63.8%
55.3%
Q1 24
55.1%
Operating Margin
BIPC
BIPC
MPWR
MPWR
Q4 25
26.6%
Q3 25
26.5%
Q2 25
62.7%
24.8%
Q1 25
26.5%
Q4 24
26.3%
Q3 24
26.5%
Q2 24
61.9%
23.0%
Q1 24
20.9%
Net Margin
BIPC
BIPC
MPWR
MPWR
Q4 25
22.9%
Q3 25
24.4%
Q2 25
-35.7%
20.3%
Q1 25
21.2%
Q4 24
201.8%
Q3 24
23.3%
Q2 24
70.8%
19.8%
Q1 24
20.2%
EPS (diluted)
BIPC
BIPC
MPWR
MPWR
Q4 25
$3.50
Q3 25
$3.74
Q2 25
$2.81
Q1 25
$2.81
Q4 24
$25.71
Q3 24
$2.95
Q2 24
$2.05
Q1 24
$1.89

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$1.2B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$3.5B
Total Assets
$23.9B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
MPWR
MPWR
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
$1.1B
Q1 25
$1.0B
Q4 24
$862.9M
Q3 24
$1.5B
Q2 24
$466.0M
$1.3B
Q1 24
$1.3B
Stockholders' Equity
BIPC
BIPC
MPWR
MPWR
Q4 25
$3.5B
Q3 25
$3.4B
Q2 25
$2.2B
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$2.4B
Q2 24
$3.5B
$2.2B
Q1 24
$2.1B
Total Assets
BIPC
BIPC
MPWR
MPWR
Q4 25
$4.2B
Q3 25
$4.1B
Q2 25
$23.9B
$3.9B
Q1 25
$3.7B
Q4 24
$3.5B
Q3 24
$2.9B
Q2 24
$23.7B
$2.6B
Q1 24
$2.6B

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
MPWR
MPWR
Operating Cash FlowLast quarter
$478.0M
$104.9M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.61×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
MPWR
MPWR
Q4 25
$104.9M
Q3 25
$239.3M
Q2 25
$478.0M
$237.6M
Q1 25
$256.4M
Q4 24
$167.7M
Q3 24
$231.7M
Q2 24
$511.0M
$141.0M
Q1 24
$248.1M
Free Cash Flow
BIPC
BIPC
MPWR
MPWR
Q4 25
$63.9M
Q3 25
$196.8M
Q2 25
$189.5M
Q1 25
$216.0M
Q4 24
$102.9M
Q3 24
$197.9M
Q2 24
$109.5M
Q1 24
$232.1M
FCF Margin
BIPC
BIPC
MPWR
MPWR
Q4 25
8.5%
Q3 25
26.7%
Q2 25
28.5%
Q1 25
33.9%
Q4 24
16.5%
Q3 24
31.9%
Q2 24
21.6%
Q1 24
50.7%
Capex Intensity
BIPC
BIPC
MPWR
MPWR
Q4 25
5.5%
Q3 25
5.8%
Q2 25
7.2%
Q1 25
6.3%
Q4 24
10.4%
Q3 24
5.5%
Q2 24
6.2%
Q1 24
3.5%
Cash Conversion
BIPC
BIPC
MPWR
MPWR
Q4 25
0.61×
Q3 25
1.33×
Q2 25
1.76×
Q1 25
1.90×
Q4 24
0.13×
Q3 24
1.60×
Q2 24
0.79×
1.40×
Q1 24
2.68×

Financial Flow Comparison

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

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