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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $622.0M, roughly 1.4× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs -35.7%, a 70.1% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% 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.

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

BIPC vs RPRX — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.4× larger
BIPC
$866.0M
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+9.4% gap
RPRX
4.8%
-4.6%
BIPC
Higher net margin
RPRX
RPRX
70.1% more per $
RPRX
34.4%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
RPRX
RPRX
Revenue
$866.0M
$622.0M
Net Profit
$-309.0M
$214.2M
Gross Margin
65.0%
Operating Margin
62.7%
62.4%
Net Margin
-35.7%
34.4%
Revenue YoY
-4.6%
4.8%
Net Profit YoY
-148.1%
2.9%
EPS (diluted)
$0.49

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
RPRX
RPRX
Q4 25
$622.0M
Q3 25
$609.3M
Q2 25
$866.0M
$578.7M
Q1 25
$568.2M
Q4 24
$593.6M
Q3 24
$564.7M
Q2 24
$908.0M
$537.3M
Q1 24
$568.0M
Net Profit
BIPC
BIPC
RPRX
RPRX
Q4 25
$214.2M
Q3 25
$288.2M
Q2 25
$-309.0M
$30.2M
Q1 25
$238.3M
Q4 24
$208.2M
Q3 24
$544.0M
Q2 24
$643.0M
$102.0M
Q1 24
$4.8M
Gross Margin
BIPC
BIPC
RPRX
RPRX
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
RPRX
RPRX
Q4 25
62.4%
Q3 25
70.1%
Q2 25
62.7%
36.3%
Q1 25
94.0%
Q4 24
60.9%
Q3 24
Q2 24
61.9%
50.2%
Q1 24
-13.0%
Net Margin
BIPC
BIPC
RPRX
RPRX
Q4 25
34.4%
Q3 25
47.3%
Q2 25
-35.7%
5.2%
Q1 25
41.9%
Q4 24
35.1%
Q3 24
96.3%
Q2 24
70.8%
19.0%
Q1 24
0.8%
EPS (diluted)
BIPC
BIPC
RPRX
RPRX
Q4 25
$0.49
Q3 25
$0.67
Q2 25
$0.07
Q1 25
$0.55
Q4 24
$0.46
Q3 24
$1.21
Q2 24
$0.23
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$1.2B
$618.7M
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$2.2B
$9.7B
Total Assets
$23.9B
$19.6B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
RPRX
RPRX
Q4 25
$618.7M
Q3 25
$938.9M
Q2 25
$1.2B
$631.9M
Q1 25
$1.1B
Q4 24
$929.0M
Q3 24
$950.1M
Q2 24
$466.0M
$1.8B
Q1 24
$843.0M
Total Debt
BIPC
BIPC
RPRX
RPRX
Q4 25
$9.0B
Q3 25
$8.9B
Q2 25
$8.0B
Q1 25
$7.6B
Q4 24
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Q1 24
$6.1B
Stockholders' Equity
BIPC
BIPC
RPRX
RPRX
Q4 25
$9.7B
Q3 25
$9.6B
Q2 25
$2.2B
$9.5B
Q1 25
$9.8B
Q4 24
$10.3B
Q3 24
$10.3B
Q2 24
$3.5B
$9.8B
Q1 24
$9.9B
Total Assets
BIPC
BIPC
RPRX
RPRX
Q4 25
$19.6B
Q3 25
$19.3B
Q2 25
$23.9B
$18.3B
Q1 25
$17.6B
Q4 24
$18.2B
Q3 24
$18.0B
Q2 24
$23.7B
$17.7B
Q1 24
$16.1B
Debt / Equity
BIPC
BIPC
RPRX
RPRX
Q4 25
0.92×
Q3 25
0.93×
Q2 25
0.84×
Q1 25
0.78×
Q4 24
0.74×
Q3 24
0.74×
Q2 24
0.78×
Q1 24
0.62×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$478.0M
$827.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
RPRX
RPRX
Q4 25
$827.1M
Q3 25
$702.6M
Q2 25
$478.0M
$364.0M
Q1 25
$596.1M
Q4 24
$742.5M
Q3 24
$703.6M
Q2 24
$511.0M
$658.2M
Q1 24
$664.6M
Cash Conversion
BIPC
BIPC
RPRX
RPRX
Q4 25
3.86×
Q3 25
2.44×
Q2 25
12.06×
Q1 25
2.50×
Q4 24
3.57×
Q3 24
1.29×
Q2 24
0.79×
6.45×
Q1 24
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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