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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and STAR GROUP, L.P. (SGU). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $539.3M, roughly 1.6× STAR GROUP, L.P.). STAR GROUP, L.P. runs the higher net margin — 6.6% vs -35.7%, a 42.3% gap on every dollar of revenue. On growth, STAR GROUP, L.P. posted the faster year-over-year revenue change (10.5% 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.

Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is a global private equity firm that invests in corporate equity, real estate, credit, and other financial assets. The founder of Lone Star established its first fund in 1995 and Lone Star has to date organized 25 private equity funds with total capital commitments since inception of over $95 billion. Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, fo...

BIPC vs SGU — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.6× larger
BIPC
$866.0M
$539.3M
SGU
Growing faster (revenue YoY)
SGU
SGU
+15.1% gap
SGU
10.5%
-4.6%
BIPC
Higher net margin
SGU
SGU
42.3% more per $
SGU
6.6%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIPC
BIPC
SGU
SGU
Revenue
$866.0M
$539.3M
Net Profit
$-309.0M
$35.8M
Gross Margin
65.0%
Operating Margin
62.7%
10.1%
Net Margin
-35.7%
6.6%
Revenue YoY
-4.6%
10.5%
Net Profit YoY
-148.1%
8.8%
EPS (diluted)

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
SGU
SGU
Q4 25
$539.3M
Q2 25
$866.0M
Q2 24
$908.0M
Q2 23
$538.0M
Q2 22
$479.0M
Net Profit
BIPC
BIPC
SGU
SGU
Q4 25
$35.8M
Q2 25
$-309.0M
Q2 24
$643.0M
Q2 23
$-154.0M
Q2 22
$842.0M
Gross Margin
BIPC
BIPC
SGU
SGU
Q4 25
Q2 25
65.0%
Q2 24
63.8%
Q2 23
72.3%
Q2 22
72.7%
Operating Margin
BIPC
BIPC
SGU
SGU
Q4 25
10.1%
Q2 25
62.7%
Q2 24
61.9%
Q2 23
69.1%
Q2 22
69.1%
Net Margin
BIPC
BIPC
SGU
SGU
Q4 25
6.6%
Q2 25
-35.7%
Q2 24
70.8%
Q2 23
-28.6%
Q2 22
175.8%

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
SGU
SGU
Cash + ST InvestmentsLiquidity on hand
$1.2B
$19.9M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$2.2B
Total Assets
$23.9B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
SGU
SGU
Q4 25
$19.9M
Q2 25
$1.2B
Q2 24
$466.0M
Q2 23
$356.0M
Q2 22
$512.0M
Total Debt
BIPC
BIPC
SGU
SGU
Q4 25
$254.8M
Q2 25
Q2 24
Q2 23
Q2 22
Stockholders' Equity
BIPC
BIPC
SGU
SGU
Q4 25
Q2 25
$2.2B
Q2 24
$3.5B
Q2 23
$-764.0M
Q2 22
$-1.1B
Total Assets
BIPC
BIPC
SGU
SGU
Q4 25
$1.1B
Q2 25
$23.9B
Q2 24
$23.7B
Q2 23
$11.0B
Q2 22
$10.0B

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
SGU
SGU
Operating Cash FlowLast quarter
$478.0M
$-55.2M
Free Cash FlowOCF − Capex
$-59.7M
FCF MarginFCF / Revenue
-11.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
-1.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
SGU
SGU
Q4 25
$-55.2M
Q2 25
$478.0M
Q2 24
$511.0M
Q2 23
$265.0M
Q2 22
$232.0M
Free Cash Flow
BIPC
BIPC
SGU
SGU
Q4 25
$-59.7M
Q2 25
Q2 24
Q2 23
Q2 22
FCF Margin
BIPC
BIPC
SGU
SGU
Q4 25
-11.1%
Q2 25
Q2 24
Q2 23
Q2 22
Capex Intensity
BIPC
BIPC
SGU
SGU
Q4 25
0.8%
Q2 25
Q2 24
Q2 23
Q2 22
Cash Conversion
BIPC
BIPC
SGU
SGU
Q4 25
-1.54×
Q2 25
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
BIPC

Segment breakdown not available.

SGU
SGU

Home Heating Oil And Propane$372.6M69%
Motor Fuel And Other Petroleum Products$75.4M14%
Equipment Installations$39.6M7%
Equipment Maintenance Service Contracts$30.3M6%
Billable Call Services$21.4M4%

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