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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $529.1M, roughly 1.6× Ralliant Corp). Ralliant Corp runs the higher net margin — 7.5% vs -35.7%, a 43.2% gap on every dollar of revenue. On growth, Ralliant Corp posted the faster year-over-year revenue change (-0.5% 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 RAL — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $529.1M |
| Net Profit | $-309.0M | $39.9M |
| Gross Margin | 65.0% | 50.8% |
| Operating Margin | 62.7% | 9.8% |
| Net Margin | -35.7% | 7.5% |
| Revenue YoY | -4.6% | -0.5% |
| Net Profit YoY | -148.1% | -56.1% |
| EPS (diluted) | — | $0.35 |
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.
| Q3 25 | — | $529.1M | ||
| Q2 25 | $866.0M | $503.3M | ||
| Q3 24 | — | $531.7M | ||
| Q2 24 | $908.0M | $533.7M | ||
| Q2 23 | $538.0M | — | ||
| Q2 22 | $479.0M | — |
| Q3 25 | — | $39.9M | ||
| Q2 25 | $-309.0M | $47.6M | ||
| Q3 24 | — | $90.9M | ||
| Q2 24 | $643.0M | $64.8M | ||
| Q2 23 | $-154.0M | — | ||
| Q2 22 | $842.0M | — |
| Q3 25 | — | 50.8% | ||
| Q2 25 | 65.0% | 49.3% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | 63.8% | 51.5% | ||
| Q2 23 | 72.3% | — | ||
| Q2 22 | 72.7% | — |
| Q3 25 | — | 9.8% | ||
| Q2 25 | 62.7% | 11.7% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | 61.9% | 19.7% | ||
| Q2 23 | 69.1% | — | ||
| Q2 22 | 69.1% | — |
| Q3 25 | — | 7.5% | ||
| Q2 25 | -35.7% | 9.5% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | 70.8% | 12.1% | ||
| Q2 23 | -28.6% | — | ||
| Q2 22 | 175.8% | — |
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.42 | ||
| Q3 24 | — | $0.81 | ||
| Q2 24 | — | $0.57 | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $264.2M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $2.2B | $3.0B |
| Total Assets | $23.9B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $264.2M | ||
| Q2 25 | $1.2B | $198.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | $466.0M | — | ||
| Q2 23 | $356.0M | — | ||
| Q2 22 | $512.0M | — |
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | $3.0B | ||
| Q2 25 | $2.2B | $3.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | $3.5B | $4.0B | ||
| Q2 23 | $-764.0M | — | ||
| Q2 22 | $-1.1B | — |
| Q3 25 | — | $5.3B | ||
| Q2 25 | $23.9B | $5.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $23.7B | — | ||
| Q2 23 | $11.0B | — | ||
| Q2 22 | $10.0B | — |
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $138.6M |
| Free Cash FlowOCF − Capex | — | $126.6M |
| FCF MarginFCF / Revenue | — | 23.9% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $138.6M | ||
| Q2 25 | $478.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $511.0M | — | ||
| Q2 23 | $265.0M | — | ||
| Q2 22 | $232.0M | — |
| Q3 25 | — | $126.6M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q3 25 | — | 3.47× | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
