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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $555.0M, roughly 1.6× ENVIRI Corp). ENVIRI Corp runs the higher net margin — -15.2% vs -35.7%, a 20.5% gap on every dollar of revenue. On growth, ENVIRI Corp posted the faster year-over-year revenue change (-0.8% 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.

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

BIPC vs NVRI — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.6× larger
BIPC
$866.0M
$555.0M
NVRI
Growing faster (revenue YoY)
NVRI
NVRI
+3.9% gap
NVRI
-0.8%
-4.6%
BIPC
Higher net margin
NVRI
NVRI
20.5% more per $
NVRI
-15.2%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
NVRI
NVRI
Revenue
$866.0M
$555.0M
Net Profit
$-309.0M
$-84.3M
Gross Margin
65.0%
Operating Margin
62.7%
-6.4%
Net Margin
-35.7%
-15.2%
Revenue YoY
-4.6%
-0.8%
Net Profit YoY
-148.1%
0.7%
EPS (diluted)
$-1.04

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
NVRI
NVRI
Q4 25
$555.0M
Q3 25
$574.8M
Q2 25
$866.0M
$562.3M
Q1 25
$548.3M
Q4 24
$559.2M
Q3 24
$573.6M
Q2 24
$908.0M
$610.0M
Q1 24
$600.3M
Net Profit
BIPC
BIPC
NVRI
NVRI
Q4 25
$-84.3M
Q3 25
$-22.3M
Q2 25
$-309.0M
$-47.6M
Q1 25
$-13.4M
Q4 24
$-84.9M
Q3 24
$-13.2M
Q2 24
$643.0M
$-13.6M
Q1 24
$-18.0M
Gross Margin
BIPC
BIPC
NVRI
NVRI
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
NVRI
NVRI
Q4 25
-6.4%
Q3 25
2.9%
Q2 25
62.7%
-1.3%
Q1 25
5.6%
Q4 24
-11.4%
Q3 24
6.5%
Q2 24
61.9%
5.1%
Q1 24
4.3%
Net Margin
BIPC
BIPC
NVRI
NVRI
Q4 25
-15.2%
Q3 25
-3.9%
Q2 25
-35.7%
-8.5%
Q1 25
-2.4%
Q4 24
-15.2%
Q3 24
-2.3%
Q2 24
70.8%
-2.2%
Q1 24
-3.0%
EPS (diluted)
BIPC
BIPC
NVRI
NVRI
Q4 25
$-1.04
Q3 25
$-0.28
Q2 25
$-0.59
Q1 25
$-0.17
Q4 24
$-1.07
Q3 24
$-0.16
Q2 24
$-0.17
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$2.2B
$255.1M
Total Assets
$23.9B
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
NVRI
NVRI
Q4 25
$103.7M
Q3 25
$115.4M
Q2 25
$1.2B
$97.8M
Q1 25
$102.5M
Q4 24
$88.4M
Q3 24
$110.2M
Q2 24
$466.0M
$104.0M
Q1 24
$103.9M
Total Debt
BIPC
BIPC
NVRI
NVRI
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BIPC
BIPC
NVRI
NVRI
Q4 25
$255.1M
Q3 25
$361.1M
Q2 25
$2.2B
$376.3M
Q1 25
$409.0M
Q4 24
$391.5M
Q3 24
$484.0M
Q2 24
$3.5B
$485.7M
Q1 24
$500.9M
Total Assets
BIPC
BIPC
NVRI
NVRI
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$23.9B
$2.8B
Q1 25
$2.7B
Q4 24
$2.6B
Q3 24
$2.8B
Q2 24
$23.7B
$2.8B
Q1 24
$2.8B
Debt / Equity
BIPC
BIPC
NVRI
NVRI
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24
Q1 24

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
NVRI
NVRI
Operating Cash FlowLast quarter
$478.0M
$38.4M
Free Cash FlowOCF − Capex
$-10.5M
FCF MarginFCF / Revenue
-1.9%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
NVRI
NVRI
Q4 25
$38.4M
Q3 25
$34.4M
Q2 25
$478.0M
$22.0M
Q1 25
$6.6M
Q4 24
$36.3M
Q3 24
$1.4M
Q2 24
$511.0M
$39.0M
Q1 24
$1.3M
Free Cash Flow
BIPC
BIPC
NVRI
NVRI
Q4 25
$-10.5M
Q3 25
$2.7M
Q2 25
$-17.1M
Q1 25
$-15.0M
Q4 24
$1.8M
Q3 24
$-40.2M
Q2 24
$5.4M
Q1 24
$-25.5M
FCF Margin
BIPC
BIPC
NVRI
NVRI
Q4 25
-1.9%
Q3 25
0.5%
Q2 25
-3.0%
Q1 25
-2.7%
Q4 24
0.3%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.3%
Capex Intensity
BIPC
BIPC
NVRI
NVRI
Q4 25
8.8%
Q3 25
5.5%
Q2 25
6.9%
Q1 25
3.9%
Q4 24
6.2%
Q3 24
7.2%
Q2 24
5.5%
Q1 24
4.5%
Cash Conversion
BIPC
BIPC
NVRI
NVRI
Q4 25
Q3 25
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.

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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