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Side-by-side financial comparison of Brookfield Infrastructure Corp (BIPC) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.

ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $866.0M, roughly 1.0× Brookfield Infrastructure Corp). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -35.7%, a 65.2% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% 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.

Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.

BIPC vs ZION — Head-to-Head

Bigger by revenue
ZION
ZION
1.0× larger
ZION
$891.0M
$866.0M
BIPC
Growing faster (revenue YoY)
ZION
ZION
+13.3% gap
ZION
8.7%
-4.6%
BIPC
Higher net margin
ZION
ZION
65.2% more per $
ZION
29.5%
-35.7%
BIPC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BIPC
BIPC
ZION
ZION
Revenue
$866.0M
$891.0M
Net Profit
$-309.0M
$263.0M
Gross Margin
65.0%
Operating Margin
62.7%
Net Margin
-35.7%
29.5%
Revenue YoY
-4.6%
8.7%
Net Profit YoY
-148.1%
21.8%
EPS (diluted)
$1.77

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
ZION
ZION
Q4 25
$891.0M
Q3 25
$861.0M
Q2 25
$866.0M
$838.0M
Q1 25
$795.0M
Q4 24
$820.0M
Q3 24
$792.0M
Q2 24
$908.0M
$777.0M
Q1 24
$742.0M
Net Profit
BIPC
BIPC
ZION
ZION
Q4 25
$263.0M
Q3 25
$222.0M
Q2 25
$-309.0M
$244.0M
Q1 25
$170.0M
Q4 24
$216.0M
Q3 24
$214.0M
Q2 24
$643.0M
$201.0M
Q1 24
$153.0M
Gross Margin
BIPC
BIPC
ZION
ZION
Q4 25
Q3 25
Q2 25
65.0%
Q1 25
Q4 24
Q3 24
Q2 24
63.8%
Q1 24
Operating Margin
BIPC
BIPC
ZION
ZION
Q4 25
Q3 25
Q2 25
62.7%
Q1 25
Q4 24
Q3 24
Q2 24
61.9%
Q1 24
Net Margin
BIPC
BIPC
ZION
ZION
Q4 25
29.5%
Q3 25
25.8%
Q2 25
-35.7%
29.1%
Q1 25
21.4%
Q4 24
26.3%
Q3 24
27.0%
Q2 24
70.8%
25.9%
Q1 24
20.6%
EPS (diluted)
BIPC
BIPC
ZION
ZION
Q4 25
$1.77
Q3 25
$1.48
Q2 25
$1.63
Q1 25
$1.13
Q4 24
$1.34
Q3 24
$1.37
Q2 24
$1.28
Q1 24
$0.96

Balance Sheet & Financial Strength

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

Metric
BIPC
BIPC
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$2.2B
$7.2B
Total Assets
$23.9B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIPC
BIPC
ZION
ZION
Q4 25
Q3 25
Q2 25
$1.2B
Q1 25
Q4 24
Q3 24
Q2 24
$466.0M
Q1 24
Total Debt
BIPC
BIPC
ZION
ZION
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$970.0M
Q1 25
$964.0M
Q4 24
$950.0M
Q3 24
$548.0M
Q2 24
$546.0M
Q1 24
$544.0M
Stockholders' Equity
BIPC
BIPC
ZION
ZION
Q4 25
$7.2B
Q3 25
$6.9B
Q2 25
$2.2B
$6.6B
Q1 25
$6.3B
Q4 24
$6.1B
Q3 24
$6.4B
Q2 24
$3.5B
$6.0B
Q1 24
$5.8B
Total Assets
BIPC
BIPC
ZION
ZION
Q4 25
$89.0B
Q3 25
$88.5B
Q2 25
$23.9B
$88.9B
Q1 25
$88.0B
Q4 24
$88.8B
Q3 24
$87.0B
Q2 24
$23.7B
$87.6B
Q1 24
$87.1B
Debt / Equity
BIPC
BIPC
ZION
ZION
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.09×
Q2 24
0.09×
Q1 24
0.09×

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
ZION
ZION
Operating Cash FlowLast quarter
$478.0M
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIPC
BIPC
ZION
ZION
Q4 25
$1.1B
Q3 25
$438.0M
Q2 25
$478.0M
$-62.0M
Q1 25
$179.0M
Q4 24
$1.1B
Q3 24
$119.0M
Q2 24
$511.0M
$251.0M
Q1 24
$261.0M
Free Cash Flow
BIPC
BIPC
ZION
ZION
Q4 25
$952.0M
Q3 25
$413.0M
Q2 25
$-93.0M
Q1 25
$152.0M
Q4 24
$1.1B
Q3 24
$97.0M
Q2 24
$234.0M
Q1 24
$231.0M
FCF Margin
BIPC
BIPC
ZION
ZION
Q4 25
106.8%
Q3 25
48.0%
Q2 25
-11.1%
Q1 25
19.1%
Q4 24
128.2%
Q3 24
12.2%
Q2 24
30.1%
Q1 24
31.1%
Capex Intensity
BIPC
BIPC
ZION
ZION
Q4 25
13.6%
Q3 25
2.9%
Q2 25
3.7%
Q1 25
3.4%
Q4 24
11.8%
Q3 24
2.8%
Q2 24
2.2%
Q1 24
4.0%
Cash Conversion
BIPC
BIPC
ZION
ZION
Q4 25
4.08×
Q3 25
1.97×
Q2 25
-0.25×
Q1 25
1.05×
Q4 24
5.31×
Q3 24
0.56×
Q2 24
0.79×
1.25×
Q1 24
1.71×

Financial Flow Comparison

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

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