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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $836.0M, roughly 1.0× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 13.0% vs -35.7%, a 48.7% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -16.7%).

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.

Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...

BIPC vs SBGI — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.0× larger
BIPC
$866.0M
$836.0M
SBGI
Growing faster (revenue YoY)
BIPC
BIPC
+12.1% gap
BIPC
-4.6%
-16.7%
SBGI
Higher net margin
SBGI
SBGI
48.7% more per $
SBGI
13.0%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
SBGI
SBGI
Revenue
$866.0M
$836.0M
Net Profit
$-309.0M
$109.0M
Gross Margin
65.0%
Operating Margin
62.7%
9.6%
Net Margin
-35.7%
13.0%
Revenue YoY
-4.6%
-16.7%
Net Profit YoY
-148.1%
-38.1%
EPS (diluted)
$1.62

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
SBGI
SBGI
Q4 25
$836.0M
Q3 25
$773.0M
Q2 25
$866.0M
$784.0M
Q1 25
$776.0M
Q4 24
$1.0B
Q3 24
$917.0M
Q2 24
$908.0M
$829.0M
Q1 24
$798.0M
Net Profit
BIPC
BIPC
SBGI
SBGI
Q4 25
$109.0M
Q3 25
$-1.0M
Q2 25
$-309.0M
$-64.0M
Q1 25
$-156.0M
Q4 24
$176.0M
Q3 24
$94.0M
Q2 24
$643.0M
$17.0M
Q1 24
$23.0M
Gross Margin
BIPC
BIPC
SBGI
SBGI
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
SBGI
SBGI
Q4 25
9.6%
Q3 25
7.5%
Q2 25
62.7%
2.7%
Q1 25
1.8%
Q4 24
26.5%
Q3 24
19.5%
Q2 24
61.9%
7.7%
Q1 24
5.3%
Net Margin
BIPC
BIPC
SBGI
SBGI
Q4 25
13.0%
Q3 25
-0.1%
Q2 25
-35.7%
-8.2%
Q1 25
-20.1%
Q4 24
17.5%
Q3 24
10.3%
Q2 24
70.8%
2.1%
Q1 24
2.9%
EPS (diluted)
BIPC
BIPC
SBGI
SBGI
Q4 25
$1.62
Q3 25
$-0.02
Q2 25
$-0.91
Q1 25
$-2.30
Q4 24
$2.64
Q3 24
$1.43
Q2 24
$0.27
Q1 24
$0.35

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
SBGI
SBGI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$866.0M
Total DebtLower is stronger
$4.4B
Stockholders' EquityBook value
$2.2B
$443.0M
Total Assets
$23.9B
$5.9B
Debt / EquityLower = less leverage
9.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
SBGI
SBGI
Q4 25
$866.0M
Q3 25
$526.0M
Q2 25
$1.2B
$616.0M
Q1 25
$631.0M
Q4 24
$697.0M
Q3 24
$536.0M
Q2 24
$466.0M
$378.0M
Q1 24
$655.0M
Total Debt
BIPC
BIPC
SBGI
SBGI
Q4 25
$4.4B
Q3 25
$4.1B
Q2 25
$4.1B
Q1 25
$4.2B
Q4 24
$4.1B
Q3 24
$4.1B
Q2 24
$4.1B
Q1 24
$4.1B
Stockholders' Equity
BIPC
BIPC
SBGI
SBGI
Q4 25
$443.0M
Q3 25
$347.0M
Q2 25
$2.2B
$361.0M
Q1 25
$436.0M
Q4 24
$583.0M
Q3 24
$415.0M
Q2 24
$3.5B
$340.0M
Q1 24
$333.0M
Total Assets
BIPC
BIPC
SBGI
SBGI
Q4 25
$5.9B
Q3 25
$5.6B
Q2 25
$23.9B
$5.7B
Q1 25
$5.8B
Q4 24
$5.9B
Q3 24
$5.8B
Q2 24
$23.7B
$5.7B
Q1 24
$6.0B
Debt / Equity
BIPC
BIPC
SBGI
SBGI
Q4 25
9.84×
Q3 25
11.75×
Q2 25
11.30×
Q1 25
9.56×
Q4 24
7.02×
Q3 24
9.86×
Q2 24
12.08×
Q1 24
12.35×

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
SBGI
SBGI
Operating Cash FlowLast quarter
$478.0M
$98.0M
Free Cash FlowOCF − Capex
$79.0M
FCF MarginFCF / Revenue
9.4%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
0.90×
TTM Free Cash FlowTrailing 4 quarters
$115.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
SBGI
SBGI
Q4 25
$98.0M
Q3 25
$-36.0M
Q2 25
$478.0M
$122.0M
Q1 25
$5.0M
Q4 24
$198.0M
Q3 24
$210.0M
Q2 24
$511.0M
$-306.0M
Q1 24
$-4.0M
Free Cash Flow
BIPC
BIPC
SBGI
SBGI
Q4 25
$79.0M
Q3 25
$-58.0M
Q2 25
$105.0M
Q1 25
$-11.0M
Q4 24
$175.0M
Q3 24
$193.0M
Q2 24
$-329.0M
Q1 24
$-25.0M
FCF Margin
BIPC
BIPC
SBGI
SBGI
Q4 25
9.4%
Q3 25
-7.5%
Q2 25
13.4%
Q1 25
-1.4%
Q4 24
17.4%
Q3 24
21.0%
Q2 24
-39.7%
Q1 24
-3.1%
Capex Intensity
BIPC
BIPC
SBGI
SBGI
Q4 25
2.3%
Q3 25
2.8%
Q2 25
2.2%
Q1 25
2.1%
Q4 24
2.3%
Q3 24
1.9%
Q2 24
2.8%
Q1 24
2.6%
Cash Conversion
BIPC
BIPC
SBGI
SBGI
Q4 25
0.90×
Q3 25
Q2 25
Q1 25
Q4 24
1.13×
Q3 24
2.23×
Q2 24
0.79×
-18.00×
Q1 24
-0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

SBGI
SBGI

Distribution Revenue$384.0M46%
Core Advertising Revenue$312.0M37%
Tennis Segment$62.0M7%
Other$40.0M5%
Other Media Non Media Revenuesand Intercompany Revenues$24.0M3%
Political Advertising Revenue$14.0M2%

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