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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $611.2M, roughly 1.4× TRINITY INDUSTRIES INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs -35.7%, a 67.5% gap on every dollar of revenue. On growth, TRINITY INDUSTRIES INC posted the faster year-over-year revenue change (-2.9% 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.

Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.

BIPC vs TRN — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.4× larger
BIPC
$866.0M
$611.2M
TRN
Growing faster (revenue YoY)
TRN
TRN
+1.7% gap
TRN
-2.9%
-4.6%
BIPC
Higher net margin
TRN
TRN
67.5% more per $
TRN
31.8%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
TRN
TRN
Revenue
$866.0M
$611.2M
Net Profit
$-309.0M
$194.2M
Gross Margin
65.0%
25.5%
Operating Margin
62.7%
54.9%
Net Margin
-35.7%
31.8%
Revenue YoY
-4.6%
-2.9%
Net Profit YoY
-148.1%
413.8%
EPS (diluted)
$2.25

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
TRN
TRN
Q4 25
$611.2M
Q3 25
$454.1M
Q2 25
$866.0M
$506.2M
Q1 25
$585.4M
Q4 24
$629.4M
Q3 24
$798.8M
Q2 24
$908.0M
$841.4M
Q1 24
$809.6M
Net Profit
BIPC
BIPC
TRN
TRN
Q4 25
$194.2M
Q3 25
$30.3M
Q2 25
$-309.0M
$14.1M
Q1 25
$22.1M
Q4 24
$37.8M
Q3 24
$31.4M
Q2 24
$643.0M
$54.4M
Q1 24
$23.7M
Gross Margin
BIPC
BIPC
TRN
TRN
Q4 25
25.5%
Q3 25
31.1%
Q2 25
65.0%
26.4%
Q1 25
24.3%
Q4 24
24.6%
Q3 24
21.2%
Q2 24
63.8%
21.3%
Q1 24
20.3%
Operating Margin
BIPC
BIPC
TRN
TRN
Q4 25
54.9%
Q3 25
26.1%
Q2 25
62.7%
18.8%
Q1 25
17.0%
Q4 24
17.8%
Q3 24
15.3%
Q2 24
61.9%
16.9%
Q1 24
14.2%
Net Margin
BIPC
BIPC
TRN
TRN
Q4 25
31.8%
Q3 25
6.7%
Q2 25
-35.7%
2.8%
Q1 25
3.8%
Q4 24
6.0%
Q3 24
3.9%
Q2 24
70.8%
6.5%
Q1 24
2.9%
EPS (diluted)
BIPC
BIPC
TRN
TRN
Q4 25
$2.25
Q3 25
$0.37
Q2 25
$0.17
Q1 25
$0.26
Q4 24
$0.34
Q3 24
$0.37
Q2 24
$0.65
Q1 24
$0.28

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$1.2B
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$1.1B
Total Assets
$23.9B
$8.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
TRN
TRN
Q4 25
$201.3M
Q3 25
$66.3M
Q2 25
$1.2B
$147.7M
Q1 25
$94.9M
Q4 24
$228.2M
Q3 24
$222.4M
Q2 24
$466.0M
$257.1M
Q1 24
$118.8M
Stockholders' Equity
BIPC
BIPC
TRN
TRN
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$2.2B
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$3.5B
$1.1B
Q1 24
$1.0B
Total Assets
BIPC
BIPC
TRN
TRN
Q4 25
$8.4B
Q3 25
$8.9B
Q2 25
$23.9B
$8.8B
Q1 25
$8.7B
Q4 24
$8.8B
Q3 24
$8.8B
Q2 24
$23.7B
$9.0B
Q1 24
$9.1B

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
TRN
TRN
Operating Cash FlowLast quarter
$478.0M
$177.4M
Free Cash FlowOCF − Capex
$158.6M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
TRN
TRN
Q4 25
$177.4M
Q3 25
$44.2M
Q2 25
$478.0M
$61.6M
Q1 25
$76.5M
Q4 24
$201.6M
Q3 24
$78.5M
Q2 24
$511.0M
$241.5M
Q1 24
$52.2M
Free Cash Flow
BIPC
BIPC
TRN
TRN
Q4 25
$158.6M
Q3 25
$35.3M
Q2 25
$52.9M
Q1 25
$67.3M
Q4 24
$180.1M
Q3 24
$62.1M
Q2 24
$230.2M
Q1 24
$47.6M
FCF Margin
BIPC
BIPC
TRN
TRN
Q4 25
25.9%
Q3 25
7.8%
Q2 25
10.5%
Q1 25
11.5%
Q4 24
28.6%
Q3 24
7.8%
Q2 24
27.4%
Q1 24
5.9%
Capex Intensity
BIPC
BIPC
TRN
TRN
Q4 25
3.1%
Q3 25
2.0%
Q2 25
1.7%
Q1 25
1.6%
Q4 24
3.4%
Q3 24
2.1%
Q2 24
1.3%
Q1 24
0.6%
Cash Conversion
BIPC
BIPC
TRN
TRN
Q4 25
0.91×
Q3 25
1.46×
Q2 25
4.37×
Q1 25
3.46×
Q4 24
5.33×
Q3 24
2.50×
Q2 24
0.79×
4.44×
Q1 24
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

TRN
TRN

Manufacturing$296.5M49%
Leasing And Management$234.8M38%
Maintenance Services Domain$69.8M11%
Digital Logistics Services$11.2M2%

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