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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and Under Armour, Inc. (UAA). Click either name above to swap in a different company.
Under Armour, Inc. is the larger business by last-quarter revenue ($1.3B vs $866.0M, roughly 1.5× Brookfield Infrastructure Corp). Under Armour, Inc. runs the higher net margin — -32.4% vs -35.7%, a 3.2% gap on every dollar of revenue. On growth, Brookfield Infrastructure Corp posted the faster year-over-year revenue change (-4.6% vs -5.2%).
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.
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.
BIPC vs UAA — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $866.0M | $1.3B |
| Net Profit | $-309.0M | $-430.8M |
| Gross Margin | 65.0% | 44.4% |
| Operating Margin | 62.7% | -11.3% |
| Net Margin | -35.7% | -32.4% |
| Revenue YoY | -4.6% | -5.2% |
| Net Profit YoY | -148.1% | -35013.0% |
| EPS (diluted) | — | $-1.01 |
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.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $866.0M | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $908.0M | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | $-430.8M | ||
| Q3 25 | — | $-18.8M | ||
| Q2 25 | $-309.0M | $-2.6M | ||
| Q1 25 | — | $-67.5M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $170.4M | ||
| Q2 24 | $643.0M | $-305.4M | ||
| Q1 24 | — | $6.6M |
| Q4 25 | — | 44.4% | ||
| Q3 25 | — | 47.3% | ||
| Q2 25 | 65.0% | 48.2% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | — | 47.5% | ||
| Q3 24 | — | 49.8% | ||
| Q2 24 | 63.8% | 47.5% | ||
| Q1 24 | — | 45.0% |
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 62.7% | 0.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | 61.9% | -25.3% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | — | -32.4% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | -35.7% | -0.2% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | 70.8% | -25.8% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | $-1.01 | ||
| Q3 25 | — | $-0.04 | ||
| Q2 25 | — | $-0.01 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.00 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $-0.70 | ||
| Q1 24 | — | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $464.6M |
| Total DebtLower is stronger | — | $989.7M |
| Stockholders' EquityBook value | $2.2B | $1.4B |
| Total Assets | $23.9B | $4.6B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $464.6M | ||
| Q3 25 | — | $396.0M | ||
| Q2 25 | $1.2B | $911.0M | ||
| Q1 25 | — | $501.4M | ||
| Q4 24 | — | $726.9M | ||
| Q3 24 | — | $530.7M | ||
| Q2 24 | $466.0M | $884.6M | ||
| Q1 24 | — | $858.7M |
| Q4 25 | — | $989.7M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $989.2M | ||
| Q1 25 | — | $595.1M | ||
| Q4 24 | — | $595.2M | ||
| Q3 24 | — | $594.6M | ||
| Q2 24 | — | $595.4M | ||
| Q1 24 | — | $675.8M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $3.5B | $1.8B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | $23.9B | $4.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | $23.7B | $4.9B | ||
| Q1 24 | — | $4.8B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 0.31× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $478.0M | $278.1M |
| Free Cash FlowOCF − Capex | — | $261.9M |
| FCF MarginFCF / Revenue | — | 19.7% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $278.1M | ||
| Q3 25 | — | $-69.8M | ||
| Q2 25 | $478.0M | $48.9M | ||
| Q1 25 | — | $-202.2M | ||
| Q4 24 | — | $311.3M | ||
| Q3 24 | — | $-321.4M | ||
| Q2 24 | $511.0M | $153.0M | ||
| Q1 24 | — | $-122.9M |
| Q4 25 | — | $261.9M | ||
| Q3 25 | — | $-90.3M | ||
| Q2 25 | — | $13.5M | ||
| Q1 25 | — | $-231.0M | ||
| Q4 24 | — | $262.9M | ||
| Q3 24 | — | $-367.2M | ||
| Q2 24 | — | $107.3M | ||
| Q1 24 | — | $-156.7M |
| Q4 25 | — | 19.7% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -19.6% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | -26.2% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | -11.8% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 252.26× | ||
| Q3 24 | — | -1.89× | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | — | -18.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BIPC
Segment breakdown not available.
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 2% |
