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

TETRA TECH INC is the larger business by last-quarter revenue ($1.2B vs $866.0M, roughly 1.4× Brookfield Infrastructure Corp). TETRA TECH INC runs the higher net margin — 7.7% vs -35.7%, a 43.4% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -7.7%).

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.

Tetra Tech, Inc. is an American consulting and engineering services firm based in Pasadena, California. The company provides consulting, engineering, program management, and construction management services in the areas of water, environment, infrastructure, resource management, energy, and international development.

BIPC vs TTEK — Head-to-Head

Bigger by revenue
TTEK
TTEK
1.4× larger
TTEK
$1.2B
$866.0M
BIPC
Growing faster (revenue YoY)
BIPC
BIPC
+3.1% gap
BIPC
-4.6%
-7.7%
TTEK
Higher net margin
TTEK
TTEK
43.4% more per $
TTEK
7.7%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BIPC
BIPC
TTEK
TTEK
Revenue
$866.0M
$1.2B
Net Profit
$-309.0M
$93.8M
Gross Margin
65.0%
17.5%
Operating Margin
62.7%
10.8%
Net Margin
-35.7%
7.7%
Revenue YoY
-4.6%
-7.7%
Net Profit YoY
-148.1%
-52.9%
EPS (diluted)
$0.36

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
TTEK
TTEK
Q2 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.3B
Q2 25
$866.0M
$1.4B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$908.0M
Net Profit
BIPC
BIPC
TTEK
TTEK
Q2 26
$93.8M
Q4 25
$105.2M
Q3 25
$127.9M
Q2 25
$-309.0M
$113.8M
Q1 25
$5.4M
Q4 24
$778.0K
Q3 24
$96.2M
Q2 24
$643.0M
Gross Margin
BIPC
BIPC
TTEK
TTEK
Q2 26
17.5%
Q4 25
18.2%
Q3 25
20.6%
Q2 25
65.0%
18.4%
Q1 25
16.2%
Q4 24
15.6%
Q3 24
17.8%
Q2 24
63.8%
Operating Margin
BIPC
BIPC
TTEK
TTEK
Q2 26
10.8%
Q4 25
11.6%
Q3 25
13.6%
Q2 25
62.7%
12.0%
Q1 25
3.0%
Q4 24
1.6%
Q3 24
10.4%
Q2 24
61.9%
Net Margin
BIPC
BIPC
TTEK
TTEK
Q2 26
7.7%
Q4 25
8.7%
Q3 25
9.6%
Q2 25
-35.7%
8.3%
Q1 25
0.4%
Q4 24
0.1%
Q3 24
7.0%
Q2 24
70.8%
EPS (diluted)
BIPC
BIPC
TTEK
TTEK
Q2 26
$0.36
Q4 25
$0.40
Q3 25
$0.48
Q2 25
$0.43
Q1 25
$0.02
Q4 24
$0.00
Q3 24
$-3.18
Q2 24

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
TTEK
TTEK
Cash + ST InvestmentsLiquidity on hand
$1.2B
$223.6M
Total DebtLower is stronger
$880.2M
Stockholders' EquityBook value
$2.2B
$1.9B
Total Assets
$23.9B
$4.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
TTEK
TTEK
Q2 26
$223.6M
Q4 25
$269.4M
Q3 25
$167.5M
Q2 25
$1.2B
$242.8M
Q1 25
$179.4M
Q4 24
$248.1M
Q3 24
$232.7M
Q2 24
$466.0M
Total Debt
BIPC
BIPC
TTEK
TTEK
Q2 26
$880.2M
Q4 25
$837.1M
Q3 25
$766.4M
Q2 25
Q1 25
$1.0B
Q4 24
$888.5M
Q3 24
$812.6M
Q2 24
Stockholders' Equity
BIPC
BIPC
TTEK
TTEK
Q2 26
$1.9B
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$2.2B
$1.7B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$3.5B
Total Assets
BIPC
BIPC
TTEK
TTEK
Q2 26
$4.4B
Q4 25
$4.3B
Q3 25
$4.3B
Q2 25
$23.9B
$4.4B
Q1 25
$4.2B
Q4 24
$4.2B
Q3 24
$4.2B
Q2 24
$23.7B
Debt / Equity
BIPC
BIPC
TTEK
TTEK
Q2 26
0.47×
Q4 25
0.45×
Q3 25
0.43×
Q2 25
Q1 25
0.64×
Q4 24
0.53×
Q3 24
0.44×
Q2 24

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
TTEK
TTEK
Operating Cash FlowLast quarter
$478.0M
$237.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
TTEK
TTEK
Q2 26
$237.6M
Q4 25
$72.3M
Q3 25
$100.8M
Q2 25
$478.0M
$349.6M
Q1 25
$-5.8M
Q4 24
$13.1M
Q3 24
$105.6M
Q2 24
$511.0M
Free Cash Flow
BIPC
BIPC
TTEK
TTEK
Q2 26
Q4 25
$68.1M
Q3 25
$95.6M
Q2 25
$345.6M
Q1 25
$-11.8M
Q4 24
$9.6M
Q3 24
$98.8M
Q2 24
FCF Margin
BIPC
BIPC
TTEK
TTEK
Q2 26
Q4 25
5.6%
Q3 25
7.2%
Q2 25
25.2%
Q1 25
-0.9%
Q4 24
0.7%
Q3 24
7.2%
Q2 24
Capex Intensity
BIPC
BIPC
TTEK
TTEK
Q2 26
Q4 25
0.3%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.4%
Q4 24
0.2%
Q3 24
0.5%
Q2 24
Cash Conversion
BIPC
BIPC
TTEK
TTEK
Q2 26
2.53×
Q4 25
0.69×
Q3 25
0.79×
Q2 25
3.07×
Q1 25
-1.08×
Q4 24
16.79×
Q3 24
1.10×
Q2 24
0.79×

Financial Flow Comparison

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

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