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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $866.0M, roughly 1.0× Brookfield Infrastructure Corp). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% 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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
BIPC vs PHIN — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $889.0M |
| Net Profit | $-309.0M | — |
| Gross Margin | 65.0% | 21.7% |
| Operating Margin | 62.7% | 7.8% |
| Net Margin | -35.7% | — |
| Revenue YoY | -4.6% | 6.7% |
| Net Profit YoY | -148.1% | — |
| EPS (diluted) | — | $1.14 |
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.
| Q4 25 | — | $889.0M | ||
| Q3 25 | — | $908.0M | ||
| Q2 25 | $866.0M | $890.0M | ||
| Q1 25 | — | $796.0M | ||
| Q4 24 | — | $833.0M | ||
| Q3 24 | — | $839.0M | ||
| Q2 24 | $908.0M | $868.0M | ||
| Q1 24 | — | $863.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | $-309.0M | $46.0M | ||
| Q1 25 | — | $26.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | $643.0M | $14.0M | ||
| Q1 24 | — | $29.0M |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 22.0% | ||
| Q2 25 | 65.0% | 22.1% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | 63.8% | 21.7% | ||
| Q1 24 | — | 22.2% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | 62.7% | 10.0% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | 61.9% | 8.2% | ||
| Q1 24 | — | 8.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | -35.7% | 5.2% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | 70.8% | 1.6% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | $1.14 | ||
| Q3 25 | — | $0.33 | ||
| Q2 25 | — | $1.14 | ||
| Q1 25 | — | $0.63 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.31 | ||
| Q1 24 | — | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $2.2B | $1.6B |
| Total Assets | $23.9B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $359.0M | ||
| Q3 25 | — | $349.0M | ||
| Q2 25 | $1.2B | $347.0M | ||
| Q1 25 | — | $373.0M | ||
| Q4 24 | — | $484.0M | ||
| Q3 24 | — | $477.0M | ||
| Q2 24 | $466.0M | $339.0M | ||
| Q1 24 | — | $325.0M |
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | — | $706.0M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $3.5B | $1.7B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $23.9B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | $23.7B | $3.9B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $478.0M | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $96.0M | ||
| Q3 25 | — | $119.0M | ||
| Q2 25 | $478.0M | $57.0M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $95.0M | ||
| Q2 24 | $511.0M | $109.0M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $93.0M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $92.0M | ||
| Q1 24 | — | $-12.0M |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | -1.4% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 5.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | 0.79× | 7.79× | ||
| Q1 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
