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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $442.2M, roughly 2.0× Remitly Global, Inc.). Remitly Global, Inc. runs the higher net margin — 9.3% vs -35.7%, a 45.0% gap on every dollar of revenue. On growth, Remitly Global, Inc. posted the faster year-over-year revenue change (25.7% 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.

Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.

BIPC vs RELY — Head-to-Head

Bigger by revenue
BIPC
BIPC
2.0× larger
BIPC
$866.0M
$442.2M
RELY
Growing faster (revenue YoY)
RELY
RELY
+30.3% gap
RELY
25.7%
-4.6%
BIPC
Higher net margin
RELY
RELY
45.0% more per $
RELY
9.3%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
RELY
RELY
Revenue
$866.0M
$442.2M
Net Profit
$-309.0M
$41.2M
Gross Margin
65.0%
Operating Margin
62.7%
8.8%
Net Margin
-35.7%
9.3%
Revenue YoY
-4.6%
25.7%
Net Profit YoY
-148.1%
820.1%
EPS (diluted)
$0.19

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
RELY
RELY
Q4 25
$442.2M
Q3 25
$419.5M
Q2 25
$866.0M
$411.9M
Q1 25
$361.6M
Q4 24
$351.9M
Q3 24
$336.5M
Q2 24
$908.0M
$306.4M
Q1 24
$269.1M
Net Profit
BIPC
BIPC
RELY
RELY
Q4 25
$41.2M
Q3 25
$8.8M
Q2 25
$-309.0M
$6.5M
Q1 25
$11.4M
Q4 24
$-5.7M
Q3 24
$1.9M
Q2 24
$643.0M
$-12.1M
Q1 24
$-21.1M
Gross Margin
BIPC
BIPC
RELY
RELY
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
RELY
RELY
Q4 25
8.8%
Q3 25
2.8%
Q2 25
62.7%
3.6%
Q1 25
3.4%
Q4 24
-1.1%
Q3 24
0.1%
Q2 24
61.9%
-5.1%
Q1 24
-7.4%
Net Margin
BIPC
BIPC
RELY
RELY
Q4 25
9.3%
Q3 25
2.1%
Q2 25
-35.7%
1.6%
Q1 25
3.1%
Q4 24
-1.6%
Q3 24
0.6%
Q2 24
70.8%
-3.9%
Q1 24
-7.8%
EPS (diluted)
BIPC
BIPC
RELY
RELY
Q4 25
$0.19
Q3 25
$0.04
Q2 25
$0.03
Q1 25
$0.05
Q4 24
$-0.03
Q3 24
$0.01
Q2 24
$-0.06
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
RELY
RELY
Cash + ST InvestmentsLiquidity on hand
$1.2B
$542.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$868.8M
Total Assets
$23.9B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
RELY
RELY
Q4 25
$542.4M
Q3 25
$476.9M
Q2 25
$1.2B
$515.9M
Q1 25
$493.9M
Q4 24
$368.1M
Q3 24
$324.4M
Q2 24
$466.0M
$185.2M
Q1 24
$286.0M
Stockholders' Equity
BIPC
BIPC
RELY
RELY
Q4 25
$868.8M
Q3 25
$797.2M
Q2 25
$2.2B
$764.9M
Q1 25
$723.5M
Q4 24
$665.5M
Q3 24
$630.8M
Q2 24
$3.5B
$578.9M
Q1 24
$549.4M
Total Assets
BIPC
BIPC
RELY
RELY
Q4 25
$1.5B
Q3 25
$1.2B
Q2 25
$23.9B
$1.2B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$970.4M
Q2 24
$23.7B
$950.2M
Q1 24
$1.1B

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
RELY
RELY
Operating Cash FlowLast quarter
$478.0M
$149.6M
Free Cash FlowOCF − Capex
$143.3M
FCF MarginFCF / Revenue
32.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.63×
TTM Free Cash FlowTrailing 4 quarters
$288.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
RELY
RELY
Q4 25
$149.6M
Q3 25
$1.4M
Q2 25
$478.0M
$41.2M
Q1 25
$132.9M
Q4 24
$-27.3M
Q3 24
$146.8M
Q2 24
$511.0M
$48.9M
Q1 24
$-56.8M
Free Cash Flow
BIPC
BIPC
RELY
RELY
Q4 25
$143.3M
Q3 25
$-2.1M
Q2 25
$28.6M
Q1 25
$118.9M
Q4 24
$-30.1M
Q3 24
$145.6M
Q2 24
$47.8M
Q1 24
$-57.8M
FCF Margin
BIPC
BIPC
RELY
RELY
Q4 25
32.4%
Q3 25
-0.5%
Q2 25
6.9%
Q1 25
32.9%
Q4 24
-8.5%
Q3 24
43.3%
Q2 24
15.6%
Q1 24
-21.5%
Capex Intensity
BIPC
BIPC
RELY
RELY
Q4 25
1.4%
Q3 25
0.8%
Q2 25
3.1%
Q1 25
3.9%
Q4 24
0.8%
Q3 24
0.3%
Q2 24
0.4%
Q1 24
0.4%
Cash Conversion
BIPC
BIPC
RELY
RELY
Q4 25
3.63×
Q3 25
0.16×
Q2 25
6.30×
Q1 25
11.71×
Q4 24
Q3 24
76.56×
Q2 24
0.79×
Q1 24

Financial Flow Comparison

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

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