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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Quanex Building Products CORP (NX). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $495.3M, roughly 1.7× Quanex Building Products CORP). Brookfield Infrastructure Corp runs the higher net margin — -35.7% vs -55.7%, a 20.0% gap on every dollar of revenue. On growth, Quanex Building Products CORP posted the faster year-over-year revenue change (76.7% 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.

Quanex Building Products Corporation is a leading manufacturer of engineered building components and materials. Its core offerings include insulating glass spacers, window and door systems, and cabinet furniture components, serving residential and commercial construction markets across North America and Europe, with a focus on energy-efficient, sustainable building solutions.

BIPC vs NX — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.7× larger
BIPC
$866.0M
$495.3M
NX
Growing faster (revenue YoY)
NX
NX
+81.3% gap
NX
76.7%
-4.6%
BIPC
Higher net margin
BIPC
BIPC
20.0% more per $
BIPC
-35.7%
-55.7%
NX

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BIPC
BIPC
NX
NX
Revenue
$866.0M
$495.3M
Net Profit
$-309.0M
$-276.0M
Gross Margin
65.0%
27.9%
Operating Margin
62.7%
-54.7%
Net Margin
-35.7%
-55.7%
Revenue YoY
-4.6%
76.7%
Net Profit YoY
-148.1%
-1188.8%
EPS (diluted)
$-6.04

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
NX
NX
Q3 25
$495.3M
Q2 25
$866.0M
$452.5M
Q1 25
$400.0M
Q4 24
$492.2M
Q3 24
$280.3M
Q2 24
$908.0M
$266.2M
Q1 24
$239.2M
Q4 23
$295.5M
Net Profit
BIPC
BIPC
NX
NX
Q3 25
$-276.0M
Q2 25
$-309.0M
$20.5M
Q1 25
$-14.9M
Q4 24
$-13.9M
Q3 24
$25.4M
Q2 24
$643.0M
$15.4M
Q1 24
$6.2M
Q4 23
$27.4M
Gross Margin
BIPC
BIPC
NX
NX
Q3 25
27.9%
Q2 25
65.0%
29.0%
Q1 25
23.1%
Q4 24
Q3 24
25.3%
Q2 24
63.8%
24.9%
Q1 24
21.5%
Q4 23
Operating Margin
BIPC
BIPC
NX
NX
Q3 25
-54.7%
Q2 25
62.7%
9.0%
Q1 25
-1.7%
Q4 24
0.6%
Q3 24
8.4%
Q2 24
61.9%
7.8%
Q1 24
3.3%
Q4 23
13.4%
Net Margin
BIPC
BIPC
NX
NX
Q3 25
-55.7%
Q2 25
-35.7%
4.5%
Q1 25
-3.7%
Q4 24
-2.8%
Q3 24
9.0%
Q2 24
70.8%
5.8%
Q1 24
2.6%
Q4 23
9.3%
EPS (diluted)
BIPC
BIPC
NX
NX
Q3 25
$-6.04
Q2 25
$0.44
Q1 25
$-0.32
Q4 24
$-0.52
Q3 24
$0.77
Q2 24
$0.46
Q1 24
$0.19
Q4 23
$0.83

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
NX
NX
Cash + ST InvestmentsLiquidity on hand
$1.2B
$66.3M
Total DebtLower is stronger
$695.6M
Stockholders' EquityBook value
$2.2B
$717.4M
Total Assets
$23.9B
$2.0B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
NX
NX
Q3 25
$66.3M
Q2 25
$1.2B
$62.6M
Q1 25
$50.0M
Q4 24
$97.7M
Q3 24
$94.0M
Q2 24
$466.0M
$56.1M
Q1 24
$44.4M
Q4 23
$58.5M
Total Debt
BIPC
BIPC
NX
NX
Q3 25
$695.6M
Q2 25
$746.4M
Q1 25
$725.2M
Q4 24
$737.2M
Q3 24
$51.4M
Q2 24
$51.5M
Q1 24
$61.6M
Q4 23
$66.4M
Stockholders' Equity
BIPC
BIPC
NX
NX
Q3 25
$717.4M
Q2 25
$2.2B
$1.0B
Q1 25
$972.1M
Q4 24
$1.0B
Q3 24
$594.1M
Q2 24
$3.5B
$566.1M
Q1 24
$555.0M
Q4 23
$545.6M
Total Assets
BIPC
BIPC
NX
NX
Q3 25
$2.0B
Q2 25
$23.9B
$2.3B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$872.5M
Q2 24
$23.7B
$837.2M
Q1 24
$813.4M
Q4 23
$831.1M
Debt / Equity
BIPC
BIPC
NX
NX
Q3 25
0.97×
Q2 25
0.75×
Q1 25
0.75×
Q4 24
0.73×
Q3 24
0.09×
Q2 24
0.09×
Q1 24
0.11×
Q4 23
0.12×

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
NX
NX
Operating Cash FlowLast quarter
$478.0M
$60.7M
Free Cash FlowOCF − Capex
$46.2M
FCF MarginFCF / Revenue
9.3%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
NX
NX
Q3 25
$60.7M
Q2 25
$478.0M
$28.5M
Q1 25
$-12.5M
Q4 24
$5.5M
Q3 24
$46.4M
Q2 24
$511.0M
$33.1M
Q1 24
$3.9M
Q4 23
$44.5M
Free Cash Flow
BIPC
BIPC
NX
NX
Q3 25
$46.2M
Q2 25
$13.6M
Q1 25
$-24.1M
Q4 24
$-8.2M
Q3 24
$40.1M
Q2 24
$25.5M
Q1 24
$-5.7M
Q4 23
$29.6M
FCF Margin
BIPC
BIPC
NX
NX
Q3 25
9.3%
Q2 25
3.0%
Q1 25
-6.0%
Q4 24
-1.7%
Q3 24
14.3%
Q2 24
9.6%
Q1 24
-2.4%
Q4 23
10.0%
Capex Intensity
BIPC
BIPC
NX
NX
Q3 25
2.9%
Q2 25
3.3%
Q1 25
2.9%
Q4 24
2.8%
Q3 24
2.2%
Q2 24
2.9%
Q1 24
4.0%
Q4 23
5.1%
Cash Conversion
BIPC
BIPC
NX
NX
Q3 25
Q2 25
1.39×
Q1 25
Q4 24
Q3 24
1.83×
Q2 24
0.79×
2.15×
Q1 24
0.62×
Q4 23
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

NX
NX

Window And Door Hardware$150.3M30%
Screens$76.8M16%
Window Profiles$68.2M14%
Spacers$54.7M11%
Wood Solutions$53.4M11%
Seals And Gaskets$29.9M6%
Access Solutions$27.4M6%
Mixing Solution$21.5M4%
Solar$5.3M1%
Product Type Other$3.3M1%

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