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Side-by-side financial comparison of Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Partners L.P. (BIPI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Brookfield Infrastructure Partners L.P. is the larger business by last-quarter revenue ($5.4B vs $5.4B, roughly 1.0× Brookfield Infrastructure Partners L.P.).

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.

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.

Income Statement — Q2 2025 vs Q2 2025

Metric
BIP
BIP
BIPI
BIPI
Revenue
$5.4B
$5.4B
Net Profit
$252.0M
$252.0M
Gross Margin
26.4%
26.4%
Operating Margin
24.4%
24.4%
Net Margin
4.6%
4.6%
Revenue YoY
5.7%
5.7%
Net Profit YoY
37.0%
37.0%
EPS (diluted)
$-0.03
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
BIP
BIP
BIPI
BIPI
Q2 25
$5.4B
$5.4B
Q2 24
$5.1B
$5.1B
Q2 23
$4.3B
$4.3B
Q2 22
$3.7B
$3.7B
Net Profit
BIP
BIP
BIPI
BIPI
Q2 25
$252.0M
$252.0M
Q2 24
$184.0M
$184.0M
Q2 23
$773.0M
$773.0M
Q2 22
$425.0M
$425.0M
Gross Margin
BIP
BIP
BIPI
BIPI
Q2 25
26.4%
26.4%
Q2 24
24.6%
24.6%
Q2 23
22.9%
22.9%
Q2 22
26.3%
26.3%
Operating Margin
BIP
BIP
BIPI
BIPI
Q2 25
24.4%
24.4%
Q2 24
22.8%
22.8%
Q2 23
20.4%
20.4%
Q2 22
23.4%
23.4%
Net Margin
BIP
BIP
BIPI
BIPI
Q2 25
4.6%
4.6%
Q2 24
3.6%
3.6%
Q2 23
18.2%
18.2%
Q2 22
11.5%
11.5%
EPS (diluted)
BIP
BIP
BIPI
BIPI
Q2 25
$-0.03
$-0.03
Q2 24
$-0.10
$-0.10
Q2 23
$0.38
$0.38
Q2 22
$0.13
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
BIP
BIP
BIPI
BIPI
Cash + ST InvestmentsLiquidity on hand
$2.3B
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$29.6B
$29.6B
Total Assets
$108.7B
$108.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
BIP
BIP
BIPI
BIPI
Q2 25
$2.3B
$2.3B
Q2 24
$1.3B
$1.3B
Q2 23
$1.4B
$1.4B
Q2 22
$1.3B
$1.3B
Stockholders' Equity
BIP
BIP
BIPI
BIPI
Q2 25
$29.6B
$29.6B
Q2 24
$30.1B
$30.1B
Q2 23
$28.6B
$28.6B
Q2 22
$26.0B
$26.0B
Total Assets
BIP
BIP
BIPI
BIPI
Q2 25
$108.7B
$108.7B
Q2 24
$100.9B
$100.9B
Q2 23
$81.7B
$81.7B
Q2 22
$73.9B
$73.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
BIP
BIP
BIPI
BIPI
Operating Cash FlowLast quarter
$1.2B
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue; lower = less reinvestment burden
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
4.72×
4.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
BIP
BIP
BIPI
BIPI
Q2 25
$1.2B
$1.2B
Q2 24
$1.1B
$1.1B
Q2 23
$970.0M
$970.0M
Q2 22
$734.0M
$734.0M
Cash Conversion
BIP
BIP
BIPI
BIPI
Q2 25
4.72×
4.72×
Q2 24
5.74×
5.74×
Q2 23
1.25×
1.25×
Q2 22
1.73×
1.73×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

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