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

NICE Ltd. is the larger business by last-quarter revenue ($1.3B vs $866.0M, roughly 1.5× Brookfield Infrastructure Corp). NICE Ltd. runs the higher net margin — 16.8% vs -35.7%, a 52.5% gap on every dollar of revenue.

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.

NiCE is an American technology company specializing in customer relations management software, artificial intelligence, and digital and workforce engagement management.

BIPC vs NICE — Head-to-Head

Bigger by revenue
NICE
NICE
1.5× larger
NICE
$1.3B
$866.0M
BIPC
Higher net margin
NICE
NICE
52.5% more per $
NICE
16.8%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
BIPC
BIPC
NICE
NICE
Revenue
$866.0M
$1.3B
Net Profit
$-309.0M
$222.2M
Gross Margin
65.0%
66.2%
Operating Margin
62.7%
18.9%
Net Margin
-35.7%
16.8%
Revenue YoY
-4.6%
Net Profit YoY
-148.1%
EPS (diluted)

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
NICE
NICE
Q2 25
$866.0M
$1.3B
Q2 24
$908.0M
$1.2B
Q2 23
$538.0M
Q2 22
$479.0M
Net Profit
BIPC
BIPC
NICE
NICE
Q2 25
$-309.0M
$222.2M
Q2 24
$643.0M
$164.3M
Q2 23
$-154.0M
Q2 22
$842.0M
Gross Margin
BIPC
BIPC
NICE
NICE
Q2 25
65.0%
66.2%
Q2 24
63.8%
67.4%
Q2 23
72.3%
Q2 22
72.7%
Operating Margin
BIPC
BIPC
NICE
NICE
Q2 25
62.7%
18.9%
Q2 24
61.9%
17.3%
Q2 23
69.1%
Q2 22
69.1%
Net Margin
BIPC
BIPC
NICE
NICE
Q2 25
-35.7%
16.8%
Q2 24
70.8%
14.2%
Q2 23
-28.6%
Q2 22
175.8%

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
NICE
NICE
Cash + ST InvestmentsLiquidity on hand
$1.2B
$481.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$3.6B
Total Assets
$23.9B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
NICE
NICE
Q2 25
$1.2B
$481.7M
Q2 24
$466.0M
$511.8M
Q2 23
$356.0M
Q2 22
$512.0M
Stockholders' Equity
BIPC
BIPC
NICE
NICE
Q2 25
$2.2B
$3.6B
Q2 24
$3.5B
$3.4B
Q2 23
$-764.0M
Q2 22
$-1.1B
Total Assets
BIPC
BIPC
NICE
NICE
Q2 25
$23.9B
$5.3B
Q2 24
$23.7B
$5.1B
Q2 23
$11.0B
Q2 22
$10.0B

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
NICE
NICE
Operating Cash FlowLast quarter
$478.0M
$424.2M
Free Cash FlowOCF − Capex
$407.2M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.91×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
NICE
NICE
Q2 25
$478.0M
$424.2M
Q2 24
$511.0M
$260.3M
Q2 23
$265.0M
Q2 22
$232.0M
Free Cash Flow
BIPC
BIPC
NICE
NICE
Q2 25
$407.2M
Q2 24
$242.7M
Q2 23
Q2 22
FCF Margin
BIPC
BIPC
NICE
NICE
Q2 25
30.8%
Q2 24
21.1%
Q2 23
Q2 22
Capex Intensity
BIPC
BIPC
NICE
NICE
Q2 25
1.3%
Q2 24
1.5%
Q2 23
Q2 22
Cash Conversion
BIPC
BIPC
NICE
NICE
Q2 25
1.91×
Q2 24
0.79×
1.58×
Q2 23
Q2 22
0.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

NICE
NICE

Cloud$950.1M72%
Services$296.5M22%
Product$77.1M6%

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