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

TFI International Inc. is the larger business by last-quarter revenue ($921.9M vs $866.0M, roughly 1.1× Brookfield Infrastructure Corp).

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.

TFI International Inc. is a Canadian transport and logistics company based in Saint-Laurent, Quebec, a borough of Montreal. It operates primarily in Canada, the United States, and Mexico through 4 business segments: less than truckload (LTL), package and courier, logistics, and truckload. It has Canada's largest LTL business, largest trucking fleet, and in 2021 was ranked 6th in terms of revenue among both LTL and truckload North American carriers. Its trucking fleet consists of over 14,000 c...

BIPC vs TFII — Head-to-Head

Bigger by revenue
TFII
TFII
1.1× larger
TFII
$921.9M
$866.0M
BIPC

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BIPC
BIPC
TFII
TFII
Revenue
$866.0M
$921.9M
Net Profit
$-309.0M
Gross Margin
65.0%
Operating Margin
62.7%
8.4%
Net Margin
-35.7%
Revenue YoY
-4.6%
Net Profit YoY
-148.1%
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
TFII
TFII
Q3 25
$921.9M
Q2 25
$866.0M
$2.0B
Q1 25
$2.0B
Q3 24
$1.0B
Q2 24
$908.0M
$2.3B
Q1 24
$1.9B
Q2 23
$538.0M
Q2 22
$479.0M
Net Profit
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
$-309.0M
$98.2M
Q1 25
$56.0M
Q3 24
Q2 24
$643.0M
$117.8M
Q1 24
$92.8M
Q2 23
$-154.0M
Q2 22
$842.0M
Gross Margin
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
65.0%
Q1 25
Q3 24
Q2 24
63.8%
Q1 24
Q2 23
72.3%
Q2 22
72.7%
Operating Margin
BIPC
BIPC
TFII
TFII
Q3 25
8.4%
Q2 25
62.7%
8.4%
Q1 25
5.8%
Q3 24
9.5%
Q2 24
61.9%
9.2%
Q1 24
8.1%
Q2 23
69.1%
Q2 22
69.1%
Net Margin
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
-35.7%
4.8%
Q1 25
2.9%
Q3 24
Q2 24
70.8%
5.2%
Q1 24
5.0%
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
TFII
TFII
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$23.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
$1.2B
Q1 25
Q3 24
Q2 24
$466.0M
Q1 24
Q2 23
$356.0M
Q2 22
$512.0M
Stockholders' Equity
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
$2.2B
Q1 25
Q3 24
Q2 24
$3.5B
Q1 24
Q2 23
$-764.0M
Q2 22
$-1.1B
Total Assets
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
$23.9B
Q1 25
Q3 24
Q2 24
$23.7B
Q1 24
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
TFII
TFII
Operating Cash FlowLast quarter
$478.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
$478.0M
Q1 25
Q3 24
Q2 24
$511.0M
Q1 24
Q2 23
$265.0M
Q2 22
$232.0M
Cash Conversion
BIPC
BIPC
TFII
TFII
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
0.79×
Q1 24
Q2 23
Q2 22
0.28×

Financial Flow Comparison

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

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