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

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $866.0M, roughly 1.6× Brookfield Infrastructure Corp). PACS Group, Inc. runs the higher net margin — 4.4% vs -35.7%, a 40.1% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% 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.

BIPC vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.6× larger
PACS
$1.4B
$866.0M
BIPC
Growing faster (revenue YoY)
PACS
PACS
+23.0% gap
PACS
18.4%
-4.6%
BIPC
Higher net margin
PACS
PACS
40.1% more per $
PACS
4.4%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
PACS
PACS
Revenue
$866.0M
$1.4B
Net Profit
$-309.0M
$59.7M
Gross Margin
65.0%
Operating Margin
62.7%
7.0%
Net Margin
-35.7%
4.4%
Revenue YoY
-4.6%
18.4%
Net Profit YoY
-148.1%
3022.5%
EPS (diluted)
$0.42

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
PACS
PACS
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$866.0M
$1.3B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$908.0M
$981.4M
Q1 24
$934.3M
Net Profit
BIPC
BIPC
PACS
PACS
Q4 25
$59.7M
Q3 25
$52.4M
Q2 25
$-309.0M
$51.0M
Q1 25
$28.5M
Q4 24
$1.9M
Q3 24
$15.6M
Q2 24
$643.0M
$-10.9M
Q1 24
$49.1M
Gross Margin
BIPC
BIPC
PACS
PACS
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
63.8%
22.3%
Q1 24
21.2%
Operating Margin
BIPC
BIPC
PACS
PACS
Q4 25
7.0%
Q3 25
6.4%
Q2 25
62.7%
6.2%
Q1 25
3.8%
Q4 24
1.7%
Q3 24
2.2%
Q2 24
61.9%
0.1%
Q1 24
8.6%
Net Margin
BIPC
BIPC
PACS
PACS
Q4 25
4.4%
Q3 25
3.9%
Q2 25
-35.7%
3.9%
Q1 25
2.2%
Q4 24
0.2%
Q3 24
1.5%
Q2 24
70.8%
-1.1%
Q1 24
5.3%
EPS (diluted)
BIPC
BIPC
PACS
PACS
Q4 25
$0.42
Q3 25
$0.32
Q2 25
$0.31
Q1 25
$0.17
Q4 24
$-0.03
Q3 24
$0.10
Q2 24
$-0.07
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$197.0M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$2.2B
$946.8M
Total Assets
$23.9B
$5.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
PACS
PACS
Q4 25
$197.0M
Q3 25
$355.7M
Q2 25
$1.2B
$294.2M
Q1 25
$287.5M
Q4 24
$157.7M
Q3 24
$49.5M
Q2 24
$466.0M
$73.4M
Q1 24
$81.2M
Total Debt
BIPC
BIPC
PACS
PACS
Q4 25
$353.2M
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BIPC
BIPC
PACS
PACS
Q4 25
$946.8M
Q3 25
$871.3M
Q2 25
$2.2B
$806.8M
Q1 25
$750.2M
Q4 24
$709.6M
Q3 24
$660.0M
Q2 24
$3.5B
$572.1M
Q1 24
$128.0M
Total Assets
BIPC
BIPC
PACS
PACS
Q4 25
$5.6B
Q3 25
$5.6B
Q2 25
$23.9B
$5.5B
Q1 25
$5.5B
Q4 24
$5.2B
Q3 24
$4.5B
Q2 24
$23.7B
$3.9B
Q1 24
$3.9B
Debt / Equity
BIPC
BIPC
PACS
PACS
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
PACS
PACS
Operating Cash FlowLast quarter
$478.0M
$-3.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
PACS
PACS
Q4 25
$-3.4M
Q3 25
$204.8M
Q2 25
$478.0M
$52.6M
Q1 25
$150.2M
Q4 24
$64.6M
Q3 24
$209.2M
Q2 24
$511.0M
$34.8M
Q1 24
$58.8M
Cash Conversion
BIPC
BIPC
PACS
PACS
Q4 25
-0.06×
Q3 25
3.91×
Q2 25
1.03×
Q1 25
5.28×
Q4 24
33.78×
Q3 24
13.39×
Q2 24
0.79×
Q1 24
1.20×

Financial Flow Comparison

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

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