BIP
Brookfield Infrastructure Partners L.P.
Diversified Utilities
Market Cap$17.15B
5Y Perf.+37.0%
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Stock Comparison
BIP vs AQN
Revenue, margins, valuation, and 5-year total return — side by side.
AQN
Algonquin Power & Utilities Corp.
Renewable Utilities
Market Cap$4.86B
5Y Perf.-54.8%
BIP vs AQN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BIP | AQN |
|---|---|---|
| Industry | Diversified Utilities | Renewable Utilities |
| Market Cap | $17.15B | $4.86B |
| Revenue (TTM) | $24.01B | $2.39B |
| Net Income (TTM) | $417M | $-27M |
| Gross Margin | 27.0% | 65.0% |
| Operating Margin | 25.2% | 20.9% |
| Forward P/E | 31.1x | 17.5x |
| Total Debt | $64.50B | $6.70B |
| Cash & Equiv. | $3.20B | $35M |
BIP vs AQN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BIP
AQN
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brookfield Infrastr… (BIP) | 100 | 137.0 | +37.0% |
| Algonquin Power & U… (AQN) | 100 | 45.2 | -54.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BIP vs AQN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: BIP leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Algonquin Power & Utilities Corp. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
BIP
Brookfield Infrastructure Partners L.P.
The Income Pick
BIP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.63, yield 10.2%
- Rev growth 9.8%, EPS growth 7.2%, 3Y rev CAGR 17.0%
- 192.8% 10Y total return vs AQN's 31.8%
Best for: income & stability and growth exposure
AQN
Algonquin Power & Utilities Corp.
The Defensive Pick
AQN is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.35, current ratio 0.76x
- Lower P/E (17.5x vs 31.1x)
- Beta 0.35 vs BIP's 0.63, lower leverage
Best for: sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BIP | 9.8% revenue growth vs AQN's -3.5% |
| Value | AQN | Lower P/E (17.5x vs 31.1x) |
| Quality / Margins | BIP | 1.7% margin vs AQN's -1.1% |
| Stability / Safety | AQN | Beta 0.35 vs BIP's 0.63, lower leverage |
| Dividends | BIP | 10.2% yield, 15-year raise streak, vs AQN's 5.9% |
| Momentum (1Y) | BIP | +24.8% vs AQN's +20.0% |
| Efficiency (ROA) | BIP | 0.3% ROA vs AQN's -0.2%, ROIC 4.8% vs 2.5% |
BIP vs AQN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2022
BIP vs AQN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLBIPLAGGINGAQN
AQNAlgonquin Power & Uti…
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BIPBrookfield Infrastruc…
4leads
6 Total Categories
CATEGORYLEADERvs AQNMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
BIP3/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
BIP6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
BIP6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
BIP2/2
Income & Cash Flow (Last 12 Months)
Evenly matched — BIP and AQN each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BIP is the larger business by revenue, generating $24.0B annually — 10.1x AQN's $2.4B. Profitability is closely matched — net margins range from 1.7% (BIP) to -1.1% (AQN). On growth, BIP holds the edge at +16.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| RevenueTrailing 12 months | $24.0B | $2.4B |
| EBITDAEarnings before interest/tax | $10.2B | $815M |
| Net IncomeAfter-tax profit | $417M | -$27M |
| Free Cash FlowCash after capex | -$13.7B | $2.6B |
| Gross MarginGross profit ÷ Revenue | +27.0% | +65.0% |
| Operating MarginEBIT ÷ Revenue | +25.2% | +20.9% |
| Net MarginNet income ÷ Revenue | +1.7% | -1.1% |
| FCF MarginFCF ÷ Revenue | -57.2% | +109.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.9% | +1.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -6.2% | +102.7% |
Evenly matched — BIP and AQN each lead in 3 of 6 comparable metrics.
Valuation Metrics
BIP leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, BIP's 8.0x EV/EBITDA is more attractive than AQN's 12.5x.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| Market CapShares × price | $17.2B | $4.9B |
| Enterprise ValueMkt cap + debt − cash | $78.5B | $11.5B |
| Trailing P/EPrice ÷ TTM EPS | 37.89x | -3.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 31.07x | 17.53x |
| PEG RatioP/E ÷ EPS growth rate | 1.13x | — |
| EV / EBITDAEnterprise value multiple | 7.99x | 12.49x |
| Price / SalesMarket cap ÷ Revenue | 0.74x | 2.10x |
| Price / BookPrice ÷ Book value/share | 0.48x | 0.75x |
| Price / FCFMarket cap ÷ FCF | — | — |
BIP leads this category, winning 3 of 5 comparable metrics.
Profitability & Efficiency
BIP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
BIP delivers a 1.2% return on equity — every $100 of shareholder capital generates $1 in annual profit, vs $-0 for AQN. AQN carries lower financial leverage with a 1.08x debt-to-equity ratio, signaling a more conservative balance sheet compared to BIP's 1.82x. On the Piotroski fundamental quality scale (0–9), BIP scores 8/9 vs AQN's 6/9, reflecting strong financial health.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| ROE (TTM)Return on equity | +1.2% | -0.5% |
| ROA (TTM)Return on assets | +0.3% | -0.2% |
| ROICReturn on invested capital | +4.8% | +2.5% |
| ROCEReturn on capital employed | +5.3% | +2.8% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 1.82x | 1.08x |
| Net DebtTotal debt minus cash | $61.3B | $6.7B |
| Cash & Equiv.Liquid assets | $3.2B | $35M |
| Total DebtShort + long-term debt | $64.5B | $6.7B |
| Interest CoverageEBIT ÷ Interest expense | 1.81x | 1.29x |
BIP leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
BIP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BIP five years ago would be worth $12,716 today (with dividends reinvested), compared to $5,649 for AQN. Over the past 12 months, BIP leads with a +24.8% total return vs AQN's +20.0%. The 3-year compound annual growth rate (CAGR) favors BIP at 5.8% vs AQN's -5.8% — a key indicator of consistent wealth creation.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| YTD ReturnYear-to-date | +9.6% | +4.5% |
| 1-Year ReturnPast 12 months | +24.8% | +20.0% |
| 3-Year ReturnCumulative with dividends | +18.3% | -16.3% |
| 5-Year ReturnCumulative with dividends | +27.2% | -43.5% |
| 10-Year ReturnCumulative with dividends | +192.8% | +31.8% |
| CAGR (3Y)Annualised 3-year return | +5.8% | -5.8% |
BIP leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — BIP and AQN each lead in 1 of 2 comparable metrics.
Risk & Volatility
AQN is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than BIP's 0.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BIP currently trades 92.1% from its 52-week high vs AQN's 89.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 0.35x |
| 52-Week HighHighest price in past year | $40.32 | $7.11 |
| 52-Week LowLowest price in past year | $29.63 | $5.32 |
| % of 52W HighCurrent price vs 52-week peak | +92.1% | +89.0% |
| RSI (14)Momentum oscillator 0–100 | 50.6 | 51.7 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 4.1M |
Evenly matched — BIP and AQN each lead in 1 of 2 comparable metrics.
Analyst Outlook
BIP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates BIP as "Buy" and AQN as "Hold". Consensus price targets imply 24.4% upside for BIP (target: $46) vs 7.3% for AQN (target: $7). For income investors, BIP offers the higher dividend yield at 10.20% vs AQN's 5.86%.
| Metric | BIPBrookfield Infras… | AQNAlgonquin Power &… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $46.20 | $6.79 |
| # AnalystsCovering analysts | 16 | 13 |
| Dividend YieldAnnual dividend ÷ price | +10.2% | +5.9% |
| Dividend StreakConsecutive years of raises | 15 | 0 |
| Dividend / ShareAnnual DPS | $3.79 | $0.37 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | 0.0% |
BIP leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
BIP leads in 4 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 2 categories are tied.
Best OverallBrookfield Infrastructure P… (BIP)Leads 4 of 6 categories
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BIP vs AQN: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BIP or AQN a better buy right now?
For growth investors, Brookfield Infrastructure Partners L.
P. (BIP) is the stronger pick with 9. 8% revenue growth year-over-year, versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). Brookfield Infrastructure Partners L. P. (BIP) offers the better valuation at 37. 9x trailing P/E (31. 1x forward), making it the more compelling value choice. Analysts rate Brookfield Infrastructure Partners L. P. (BIP) a "Buy" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BIP or AQN?
On forward P/E, Algonquin Power & Utilities Corp.
is actually cheaper at 17. 5x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BIP or AQN?
Over the past 5 years, Brookfield Infrastructure Partners L.
P. (BIP) delivered a total return of +27. 2%, compared to -43. 5% for Algonquin Power & Utilities Corp. (AQN). Over 10 years, the gap is even starker: BIP returned +192. 8% versus AQN's +31. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BIP or AQN?
By beta (market sensitivity over 5 years), Algonquin Power & Utilities Corp.
(AQN) is the lower-risk stock at 0. 35β versus Brookfield Infrastructure Partners L. P. 's 0. 63β — meaning BIP is approximately 79% more volatile than AQN relative to the S&P 500. On balance sheet safety, Algonquin Power & Utilities Corp. (AQN) carries a lower debt/equity ratio of 108% versus 182% for Brookfield Infrastructure Partners L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — BIP or AQN?
By revenue growth (latest reported year), Brookfield Infrastructure Partners L.
P. (BIP) is pulling ahead at 9. 8% versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). On earnings-per-share growth, the picture is similar: Brookfield Infrastructure Partners L. P. grew EPS 716. 7% year-over-year, compared to -61. 3% for Algonquin Power & Utilities Corp.. Over a 3-year CAGR, BIP leads at 17. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BIP or AQN?
Brookfield Infrastructure Partners L.
P. (BIP) is the more profitable company, earning 1. 9% net margin versus -59. 5% for Algonquin Power & Utilities Corp. — meaning it keeps 1. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BIP leads at 25. 1% versus 19. 2% for AQN. At the gross margin level — before operating expenses — AQN leads at 74. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BIP or AQN more undervalued right now?
On forward earnings alone, Algonquin Power & Utilities Corp.
(AQN) trades at 17. 5x forward P/E versus 31. 1x for Brookfield Infrastructure Partners L. P. — 13. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BIP: 24. 4% to $46. 20.
08Which pays a better dividend — BIP or AQN?
All stocks in this comparison pay dividends.
Brookfield Infrastructure Partners L. P. (BIP) offers the highest yield at 10. 2%, versus 5. 9% for Algonquin Power & Utilities Corp. (AQN).
09Is BIP or AQN better for a retirement portfolio?
For long-horizon retirement investors, Algonquin Power & Utilities Corp.
(AQN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 35), 5. 9% yield). Both have compounded well over 10 years (AQN: +31. 8%, BIP: +192. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BIP and AQN?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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