vs
Brookfield Infrastructure Corp（BIPC）与DNOW Inc.（DNOW）财务数据对比。点击上方公司名可切换其他公司
DNOW Inc.的季度营收约是Brookfield Infrastructure Corp的1.1倍（$959.0M vs $866.0M），DNOW Inc.净利率更高（-16.8% vs -35.7%，领先18.9%），DNOW Inc.同比增速更快（68.0% vs -4.6%）
布鲁克菲尔德基础设施合伙公司是一家公开上市的有限合伙企业，总部位于加拿大多伦多，核心业务为在全球范围内开展基础设施资产的收购、运营与管理，在全球基础设施投资领域拥有深厚的行业积累与较强的市场影响力。
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
BIPC vs DNOW — 直观对比
营收规模更大
DNOW
是对方的1.1倍
$866.0M
营收增速更快
DNOW
高出72.6%
-4.6%
净利率更高
DNOW
高出18.9%
-35.7%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.0M | $959.0M |
| 净利润 | $-309.0M | $-161.0M |
| 毛利率 | 65.0% | 5.2% |
| 营业利润率 | 62.7% | -19.6% |
| 净利率 | -35.7% | -16.8% |
| 营收同比 | -4.6% | 68.0% |
| 净利润同比 | -148.1% | -905.0% |
| 每股收益（稀释后） | — | $-1.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BIPCDNOW
| Q4 25 | — | $959.0M | ||
| Q3 25 | — | $634.0M | ||
| Q2 25 | $866.0M | $628.0M | ||
| Q1 25 | — | $599.0M | ||
| Q4 24 | — | $571.0M | ||
| Q3 24 | — | $606.0M | ||
| Q2 24 | $908.0M | $633.0M | ||
| Q1 24 | — | $563.0M |
净利润BIPCDNOW
| Q4 25 | — | $-161.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | $-309.0M | $25.0M | ||
| Q1 25 | — | $22.0M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $13.0M | ||
| Q2 24 | $643.0M | $24.0M | ||
| Q1 24 | — | $21.0M |
毛利率BIPCDNOW
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | 65.0% | 22.9% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | 63.8% | 21.8% | ||
| Q1 24 | — | 22.9% |
营业利润率BIPCDNOW
| Q4 25 | — | -19.6% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | 62.7% | 5.1% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | 61.9% | 5.2% | ||
| Q1 24 | — | 5.0% |
净利率BIPCDNOW
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | -35.7% | 4.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | 70.8% | 3.8% | ||
| Q1 24 | — | 3.7% |
每股收益（稀释后）BIPCDNOW
| Q4 25 | — | $-1.42 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.23 | ||
| Q1 25 | — | $0.20 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | — | $0.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.2B | $164.0M |
| 总债务越低越好 | — | $411.0M |
| 股东权益账面价值 | $2.2B | $2.2B |
| 总资产 | $23.9B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资BIPCDNOW
| Q4 25 | — | $164.0M | ||
| Q3 25 | — | $266.0M | ||
| Q2 25 | $1.2B | $232.0M | ||
| Q1 25 | — | $219.0M | ||
| Q4 24 | — | $256.0M | ||
| Q3 24 | — | $261.0M | ||
| Q2 24 | $466.0M | $197.0M | ||
| Q1 24 | — | $188.0M |
总债务BIPCDNOW
| Q4 25 | — | $411.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BIPCDNOW
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $3.5B | $1.1B | ||
| Q1 24 | — | $1.1B |
总资产BIPCDNOW
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $23.9B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $23.7B | $1.6B | ||
| Q1 24 | — | $1.6B |
负债/权益比BIPCDNOW
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $478.0M | $83.0M |
| 自由现金流经营现金流 - 资本支出 | — | $76.0M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $134.0M |
8季度趋势，按日历期对齐
经营现金流BIPCDNOW
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $43.0M | ||
| Q2 25 | $478.0M | $45.0M | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | $122.0M | ||
| Q3 24 | — | $74.0M | ||
| Q2 24 | $511.0M | $21.0M | ||
| Q1 24 | — | $81.0M |
自由现金流BIPCDNOW
| Q4 25 | — | $76.0M | ||
| Q3 25 | — | $39.0M | ||
| Q2 25 | — | $41.0M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | — | $119.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | — | $80.0M |
自由现金流率BIPCDNOW
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | -3.7% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 14.2% |
资本支出强度BIPCDNOW
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
现金转化率BIPCDNOW
| Q4 25 | — | — | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | 1.80× | ||
| Q1 25 | — | -0.73× | ||
| Q4 24 | — | 6.10× | ||
| Q3 24 | — | 5.69× | ||
| Q2 24 | 0.79× | 0.88× | ||
| Q1 24 | — | 3.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BIPC
暂无分部数据
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
