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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $494.5M, roughly 1.8× VALHI INC). VALHI INC runs the higher net margin — -10.8% vs -35.7%, a 24.9% gap on every dollar of revenue. On growth, VALHI INC posted the faster year-over-year revenue change (2.8% 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.

Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. As of 2014 it was a Fortune 1000 company.

BIPC vs VHI — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.8× larger
BIPC
$866.0M
$494.5M
VHI
Growing faster (revenue YoY)
VHI
VHI
+7.5% gap
VHI
2.8%
-4.6%
BIPC
Higher net margin
VHI
VHI
24.9% more per $
VHI
-10.8%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
VHI
VHI
Revenue
$866.0M
$494.5M
Net Profit
$-309.0M
$-53.2M
Gross Margin
65.0%
6.9%
Operating Margin
62.7%
-6.2%
Net Margin
-35.7%
-10.8%
Revenue YoY
-4.6%
2.8%
Net Profit YoY
-148.1%
-333.3%
EPS (diluted)
$-1.86

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
VHI
VHI
Q4 25
$494.5M
Q3 25
$503.5M
Q2 25
$866.0M
$540.4M
Q1 25
$538.6M
Q4 24
$480.9M
Q3 24
$533.6M
Q2 24
$908.0M
$559.7M
Q1 24
$530.6M
Net Profit
BIPC
BIPC
VHI
VHI
Q4 25
$-53.2M
Q3 25
$-22.2M
Q2 25
$-309.0M
$900.0K
Q1 25
$16.9M
Q4 24
$22.8M
Q3 24
$57.5M
Q2 24
$643.0M
$19.9M
Q1 24
$7.8M
Gross Margin
BIPC
BIPC
VHI
VHI
Q4 25
6.9%
Q3 25
12.0%
Q2 25
65.0%
14.5%
Q1 25
22.7%
Q4 24
20.9%
Q3 24
21.8%
Q2 24
63.8%
21.7%
Q1 24
16.3%
Operating Margin
BIPC
BIPC
VHI
VHI
Q4 25
-6.2%
Q3 25
1.7%
Q2 25
62.7%
6.6%
Q1 25
9.3%
Q4 24
11.8%
Q3 24
12.7%
Q2 24
61.9%
9.8%
Q1 24
5.9%
Net Margin
BIPC
BIPC
VHI
VHI
Q4 25
-10.8%
Q3 25
-4.4%
Q2 25
-35.7%
0.2%
Q1 25
3.1%
Q4 24
4.7%
Q3 24
10.8%
Q2 24
70.8%
3.6%
Q1 24
1.5%
EPS (diluted)
BIPC
BIPC
VHI
VHI
Q4 25
$-1.86
Q3 25
$-0.78
Q2 25
$0.03
Q1 25
$0.59
Q4 24
$0.81
Q3 24
$2.01
Q2 24
$0.70
Q1 24
$0.27

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
VHI
VHI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$216.9M
Total DebtLower is stronger
$590.9M
Stockholders' EquityBook value
$2.2B
$1.0B
Total Assets
$23.9B
$2.6B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
VHI
VHI
Q4 25
$216.9M
Q3 25
$186.6M
Q2 25
$1.2B
$190.9M
Q1 25
$196.4M
Q4 24
$350.2M
Q3 24
$316.7M
Q2 24
$466.0M
$386.9M
Q1 24
$372.7M
Total Debt
BIPC
BIPC
VHI
VHI
Q4 25
$590.9M
Q3 25
$661.5M
Q2 25
$544.8M
Q1 25
$525.9M
Q4 24
$484.4M
Q3 24
$526.6M
Q2 24
$497.4M
Q1 24
$511.2M
Stockholders' Equity
BIPC
BIPC
VHI
VHI
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$2.2B
$1.1B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$3.5B
$962.6M
Q1 24
$928.2M
Total Assets
BIPC
BIPC
VHI
VHI
Q4 25
$2.6B
Q3 25
$2.7B
Q2 25
$23.9B
$2.8B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$23.7B
$2.5B
Q1 24
$2.6B
Debt / Equity
BIPC
BIPC
VHI
VHI
Q4 25
0.58×
Q3 25
0.63×
Q2 25
0.51×
Q1 25
0.49×
Q4 24
0.47×
Q3 24
0.52×
Q2 24
0.52×
Q1 24
0.55×

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
VHI
VHI
Operating Cash FlowLast quarter
$478.0M
$100.6M
Free Cash FlowOCF − Capex
$89.8M
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-82.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
VHI
VHI
Q4 25
$100.6M
Q3 25
$-1.9M
Q2 25
$478.0M
$21.7M
Q1 25
$-155.9M
Q4 24
$45.8M
Q3 24
$13.5M
Q2 24
$511.0M
$33.5M
Q1 24
$-48.8M
Free Cash Flow
BIPC
BIPC
VHI
VHI
Q4 25
$89.8M
Q3 25
$-12.3M
Q2 25
$9.1M
Q1 25
$-168.7M
Q4 24
$33.3M
Q3 24
$3.9M
Q2 24
$29.7M
Q1 24
$-53.8M
FCF Margin
BIPC
BIPC
VHI
VHI
Q4 25
18.2%
Q3 25
-2.4%
Q2 25
1.7%
Q1 25
-31.3%
Q4 24
6.9%
Q3 24
0.7%
Q2 24
5.3%
Q1 24
-10.1%
Capex Intensity
BIPC
BIPC
VHI
VHI
Q4 25
2.2%
Q3 25
2.1%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
2.6%
Q3 24
1.8%
Q2 24
0.7%
Q1 24
0.9%
Cash Conversion
BIPC
BIPC
VHI
VHI
Q4 25
Q3 25
Q2 25
24.11×
Q1 25
-9.22×
Q4 24
2.01×
Q3 24
0.23×
Q2 24
0.79×
1.68×
Q1 24
-6.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

VHI
VHI

Chemicals$418.3M85%
Real Estate Management And Development$38.5M8%
Security Products$29.5M6%
Marine Components$8.2M2%

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