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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Lineage, Inc. (LINE). Click either name above to swap in a different company.

Brookfield Property Partners L.P. is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Lineage, Inc.). Brookfield Property Partners L.P. runs the higher net margin — -2.6% vs -3.9%, a 1.4% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (0.4% vs -25.6%).

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

BPYPP vs LINE — Head-to-Head

Bigger by revenue
BPYPP
BPYPP
1.4× larger
BPYPP
$1.8B
$1.3B
LINE
Growing faster (revenue YoY)
LINE
LINE
+26.0% gap
LINE
0.4%
-25.6%
BPYPP
Higher net margin
BPYPP
BPYPP
1.4% more per $
BPYPP
-2.6%
-3.9%
LINE

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BPYPP
BPYPP
LINE
LINE
Revenue
$1.8B
$1.3B
Net Profit
$-46.0M
$-51.0M
Gross Margin
Operating Margin
2.8%
Net Margin
-2.6%
-3.9%
Revenue YoY
-25.6%
0.4%
Net Profit YoY
94.2%
EPS (diluted)
$-0.18

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
BPYPP
BPYPP
LINE
LINE
Q1 26
$1.3B
Q3 25
$1.4B
Q2 25
$1.8B
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$2.4B
$1.3B
Q1 24
$1.3B
Net Profit
BPYPP
BPYPP
LINE
LINE
Q1 26
$-51.0M
Q3 25
$-100.0M
Q2 25
$-46.0M
$-6.0M
Q1 25
$0
Q4 24
$-71.0M
Q3 24
$-485.0M
Q2 24
$-789.0M
$-68.0M
Q1 24
$-40.0M
Gross Margin
BPYPP
BPYPP
LINE
LINE
Q1 26
Q3 25
32.3%
Q2 25
31.9%
Q1 25
32.2%
Q4 24
32.3%
Q3 24
32.8%
Q2 24
33.4%
Q1 24
33.4%
Operating Margin
BPYPP
BPYPP
LINE
LINE
Q1 26
2.8%
Q3 25
2.5%
Q2 25
1.7%
Q1 25
4.3%
Q4 24
-1.6%
Q3 24
-38.6%
Q2 24
5.5%
Q1 24
7.6%
Net Margin
BPYPP
BPYPP
LINE
LINE
Q1 26
-3.9%
Q3 25
-7.3%
Q2 25
-2.6%
-0.4%
Q1 25
Q4 24
-5.3%
Q3 24
-36.3%
Q2 24
-32.6%
-5.1%
Q1 24
-3.0%
EPS (diluted)
BPYPP
BPYPP
LINE
LINE
Q1 26
$-0.18
Q3 25
$-0.44
Q2 25
$-0.03
Q1 25
$0.01
Q4 24
$-0.52
Q3 24
$-2.44
Q2 24
$-0.46
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
BPYPP
BPYPP
LINE
LINE
Cash + ST InvestmentsLiquidity on hand
$1.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2B
$8.1B
Total Assets
$98.9B
$19.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
LINE
LINE
Q1 26
Q3 25
Q2 25
$1.7B
Q1 25
Q4 24
$173.0M
Q3 24
$409.0M
Q2 24
$2.4B
$73.0M
Q1 24
Stockholders' Equity
BPYPP
BPYPP
LINE
LINE
Q1 26
$8.1B
Q3 25
$8.4B
Q2 25
$40.2B
$8.6B
Q1 25
$8.6B
Q4 24
$8.6B
Q3 24
$9.0B
Q2 24
$48.5B
$4.9B
Q1 24
$5.6B
Total Assets
BPYPP
BPYPP
LINE
LINE
Q1 26
$19.0B
Q3 25
$19.2B
Q2 25
$98.9B
$19.4B
Q1 25
$18.8B
Q4 24
$18.7B
Q3 24
$19.3B
Q2 24
$132.6B
$18.8B
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
BPYPP
BPYPP
LINE
LINE
Operating Cash FlowLast quarter
$130.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BPYPP
BPYPP
LINE
LINE
Q1 26
$130.0M
Q3 25
$230.0M
Q2 25
$258.0M
Q1 25
$139.0M
Q4 24
Q3 24
$186.0M
Q2 24
$155.0M
Q1 24
$105.0M
Free Cash Flow
BPYPP
BPYPP
LINE
LINE
Q1 26
Q3 25
$35.0M
Q2 25
$95.0M
Q1 25
$-12.0M
Q4 24
Q3 24
$33.0M
Q2 24
$-31.0M
Q1 24
$-42.0M
FCF Margin
BPYPP
BPYPP
LINE
LINE
Q1 26
Q3 25
2.5%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
Q3 24
2.5%
Q2 24
-2.3%
Q1 24
-3.2%
Capex Intensity
BPYPP
BPYPP
LINE
LINE
Q1 26
2.4%
Q3 25
14.2%
Q2 25
12.1%
Q1 25
11.7%
Q4 24
Q3 24
11.5%
Q2 24
13.9%
Q1 24
11.1%

Financial Flow Comparison

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

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