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

Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $663.4M, roughly 1.3× Vestis Corp). Vestis Corp runs the higher net margin — -1.0% vs -35.7%, a 34.7% gap on every dollar of revenue. On growth, Vestis Corp posted the faster year-over-year revenue change (-3.0% 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.

Vestis Corp is a leading provider of workplace uniforms, safety apparel, and facility service solutions. It primarily operates across North America, serving clients in healthcare, manufacturing, retail, hospitality, and public service sectors, offering customized uniform rental, cleaning, and maintenance programs tailored to varied business operational requirements.

BIPC vs VSTS — Head-to-Head

Bigger by revenue
BIPC
BIPC
1.3× larger
BIPC
$866.0M
$663.4M
VSTS
Growing faster (revenue YoY)
VSTS
VSTS
+1.6% gap
VSTS
-3.0%
-4.6%
BIPC
Higher net margin
VSTS
VSTS
34.7% more per $
VSTS
-1.0%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BIPC
BIPC
VSTS
VSTS
Revenue
$866.0M
$663.4M
Net Profit
$-309.0M
$-6.4M
Gross Margin
65.0%
Operating Margin
62.7%
2.5%
Net Margin
-35.7%
-1.0%
Revenue YoY
-4.6%
-3.0%
Net Profit YoY
-148.1%
-868.1%
EPS (diluted)
$-0.05

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
VSTS
VSTS
Q1 26
$663.4M
Q4 25
$712.0M
Q2 25
$866.0M
$673.8M
Q1 25
$665.2M
Q4 24
$683.8M
Q3 24
$684.3M
Q2 24
$908.0M
$698.2M
Q1 24
$705.4M
Net Profit
BIPC
BIPC
VSTS
VSTS
Q1 26
$-6.4M
Q4 25
$-12.5M
Q2 25
$-309.0M
$-676.0K
Q1 25
$-27.8M
Q4 24
$832.0K
Q3 24
$-2.3M
Q2 24
$643.0M
$5.0M
Q1 24
$6.0M
Gross Margin
BIPC
BIPC
VSTS
VSTS
Q1 26
Q4 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
VSTS
VSTS
Q1 26
2.5%
Q4 25
2.5%
Q2 25
62.7%
3.7%
Q1 25
-1.3%
Q4 24
4.4%
Q3 24
4.4%
Q2 24
61.9%
5.4%
Q1 24
6.1%
Net Margin
BIPC
BIPC
VSTS
VSTS
Q1 26
-1.0%
Q4 25
-1.8%
Q2 25
-35.7%
-0.1%
Q1 25
-4.2%
Q4 24
0.1%
Q3 24
-0.3%
Q2 24
70.8%
0.7%
Q1 24
0.8%
EPS (diluted)
BIPC
BIPC
VSTS
VSTS
Q1 26
$-0.05
Q4 25
$-0.10
Q2 25
$-0.01
Q1 25
$-0.21
Q4 24
$0.01
Q3 24
$-0.02
Q2 24
$0.04
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
VSTS
VSTS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$41.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$864.4M
Total Assets
$23.9B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
VSTS
VSTS
Q1 26
$41.5M
Q4 25
$29.7M
Q2 25
$1.2B
$23.7M
Q1 25
$28.8M
Q4 24
$18.6M
Q3 24
$31.0M
Q2 24
$466.0M
$29.1M
Q1 24
$30.7M
Total Debt
BIPC
BIPC
VSTS
VSTS
Q1 26
Q4 25
$1.2B
Q2 25
Q1 25
Q4 24
Q3 24
$1.2B
Q2 24
Q1 24
Stockholders' Equity
BIPC
BIPC
VSTS
VSTS
Q1 26
$864.4M
Q4 25
$865.6M
Q2 25
$2.2B
$882.2M
Q1 25
$876.3M
Q4 24
$899.6M
Q3 24
$903.1M
Q2 24
$3.5B
$901.2M
Q1 24
$900.7M
Total Assets
BIPC
BIPC
VSTS
VSTS
Q1 26
$2.9B
Q4 25
$2.9B
Q2 25
$23.9B
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$23.7B
$3.1B
Q1 24
$3.1B
Debt / Equity
BIPC
BIPC
VSTS
VSTS
Q1 26
Q4 25
1.35×
Q2 25
Q1 25
Q4 24
Q3 24
1.29×
Q2 24
Q1 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
VSTS
VSTS
Operating Cash FlowLast quarter
$478.0M
$37.7M
Free Cash FlowOCF − Capex
$28.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
VSTS
VSTS
Q1 26
$37.7M
Q4 25
$30.9M
Q2 25
$478.0M
$22.9M
Q1 25
$6.7M
Q4 24
$3.8M
Q3 24
$295.6M
Q2 24
$511.0M
$48.7M
Q1 24
$76.0M
Free Cash Flow
BIPC
BIPC
VSTS
VSTS
Q1 26
$28.3M
Q4 25
$15.6M
Q2 25
$8.0M
Q1 25
$-6.9M
Q4 24
$-11.0M
Q3 24
$267.5M
Q2 24
$27.7M
Q1 24
$63.2M
FCF Margin
BIPC
BIPC
VSTS
VSTS
Q1 26
4.3%
Q4 25
2.2%
Q2 25
1.2%
Q1 25
-1.0%
Q4 24
-1.6%
Q3 24
39.1%
Q2 24
4.0%
Q1 24
9.0%
Capex Intensity
BIPC
BIPC
VSTS
VSTS
Q1 26
1.4%
Q4 25
2.2%
Q2 25
2.2%
Q1 25
2.0%
Q4 24
2.2%
Q3 24
4.1%
Q2 24
3.0%
Q1 24
1.8%
Cash Conversion
BIPC
BIPC
VSTS
VSTS
Q1 26
Q4 25
Q2 25
Q1 25
Q4 24
4.54×
Q3 24
Q2 24
0.79×
9.66×
Q1 24
12.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIPC
BIPC

Segment breakdown not available.

VSTS
VSTS

Workplace Supplies$375.2M57%
Uniforms$227.7M34%
Other$60.5M9%

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