Diversified Utilities
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BIP vs BIPC
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Gas
BIP vs BIPC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Diversified Utilities | Regulated Gas |
| Market Cap | $17.15B | $4.74B |
| Revenue (TTM) | $24.01B | $3.63B |
| Net Income (TTM) | $417M | $-753M |
| Gross Margin | 27.0% | 63.5% |
| Operating Margin | 25.2% | 61.2% |
| Forward P/E | 31.1x | — |
| Total Debt | $64.50B | $13.27B |
| Cash & Equiv. | $3.20B | $430M |
BIP vs BIPC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Brookfield Infrastr… (BIP) | 100 | 137.0 | +37.0% |
| Brookfield Infrastr… (BIPC) | 100 | 136.6 | +36.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BIP vs BIPC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
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 BIPC's 124.1%
BIPC is the clearest fit if your priority is defensive.
- Beta 0.62, current ratio 0.26x
- Beta 0.62 vs BIP's 0.63
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 9.8% revenue growth vs BIPC's 6.9% | |
| Quality / Margins | 1.7% margin vs BIPC's -20.7% | |
| Stability / Safety | Beta 0.62 vs BIP's 0.63 | |
| Dividends | 10.2% yield; 15-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +24.8% vs BIPC's +8.5% | |
| Efficiency (ROA) | 0.3% ROA vs BIPC's -3.1%, ROIC 4.8% vs 12.0% |
BIP vs BIPC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BIP vs BIPC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BIPC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BIP is the larger business by revenue, generating $24.0B annually — 6.6x BIPC's $3.6B. BIP is the more profitable business, keeping 1.7% of every revenue dollar as net income compared to BIPC's -20.7%. On growth, BIP holds the edge at +16.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $24.0B | $3.6B |
| EBITDAEarnings before interest/tax | $10.2B | $2.9B |
| Net IncomeAfter-tax profit | $417M | -$753M |
| Free Cash FlowCash after capex | -$13.7B | -$556M |
| Gross MarginGross profit ÷ Revenue | +27.0% | +63.5% |
| Operating MarginEBIT ÷ Revenue | +25.2% | +61.2% |
| Net MarginNet income ÷ Revenue | +1.7% | -20.7% |
| FCF MarginFCF ÷ Revenue | -57.2% | -15.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +16.9% | -5.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -6.2% | -125.4% |
Valuation Metrics
Evenly matched — BIP and BIPC each lead in 2 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, BIPC's 5.9x EV/EBITDA is more attractive than BIP's 8.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $17.2B | $4.7B |
| Enterprise ValueMkt cap + debt − cash | $78.5B | $17.6B |
| Trailing P/EPrice ÷ TTM EPS | 37.89x | -19.18x |
| Forward P/EPrice ÷ next-FY EPS est. | 31.07x | — |
| PEG RatioP/E ÷ EPS growth rate | 1.13x | — |
| EV / EBITDAEnterprise value multiple | 7.99x | 5.91x |
| Price / SalesMarket cap ÷ Revenue | 0.74x | 1.27x |
| Price / BookPrice ÷ Book value/share | 0.48x | 2.35x |
| Price / FCFMarket cap ÷ FCF | — | 21.67x |
Profitability & Efficiency
BIPC leads this category, winning 5 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 $-36 for BIPC. BIP carries lower financial leverage with a 1.82x debt-to-equity ratio, signaling a more conservative balance sheet compared to BIPC's 6.63x. On the Piotroski fundamental quality scale (0–9), BIP scores 8/9 vs BIPC's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.2% | -36.2% |
| ROA (TTM)Return on assets | +0.3% | -3.1% |
| ROICReturn on invested capital | +4.8% | +12.0% |
| ROCEReturn on capital employed | +5.3% | +14.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 1.82x | 6.63x |
| Net DebtTotal debt minus cash | $61.3B | $12.8B |
| Cash & Equiv.Liquid assets | $3.2B | $430M |
| Total DebtShort + long-term debt | $64.5B | $13.3B |
| Interest CoverageEBIT ÷ Interest expense | 1.81x | 1.92x |
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 $9,784 for BIPC. Over the past 12 months, BIP leads with a +24.8% total return vs BIPC's +8.5%. The 3-year compound annual growth rate (CAGR) favors BIP at 5.8% vs BIPC's 0.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +9.6% | -11.7% |
| 1-Year ReturnPast 12 months | +24.8% | +8.5% |
| 3-Year ReturnCumulative with dividends | +18.3% | +1.1% |
| 5-Year ReturnCumulative with dividends | +27.2% | -2.2% |
| 10-Year ReturnCumulative with dividends | +192.8% | +124.1% |
| CAGR (3Y)Annualised 3-year return | +5.8% | +0.4% |
Risk & Volatility
Evenly matched — BIP and BIPC each lead in 1 of 2 comparable metrics.
Risk & Volatility
BIPC is the less volatile stock with a 0.62 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 BIPC's 76.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 0.62x |
| 52-Week HighHighest price in past year | $40.32 | $51.72 |
| 52-Week LowLowest price in past year | $29.63 | $34.18 |
| % of 52W HighCurrent price vs 52-week peak | +92.1% | +76.4% |
| RSI (14)Momentum oscillator 0–100 | 50.6 | 39.7 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 1.1M |
Analyst Outlook
BIP leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BIP as "Buy" and BIPC as "Buy". Consensus price targets imply 44.3% upside for BIPC (target: $57) vs 24.4% for BIP (target: $46). BIP is the only dividend payer here at 10.20% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $46.20 | $57.00 |
| # AnalystsCovering analysts | 16 | 2 |
| Dividend YieldAnnual dividend ÷ price | +10.2% | — |
| Dividend StreakConsecutive years of raises | 15 | 0 |
| Dividend / ShareAnnual DPS | $3.79 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | 0.0% |
BIPC leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BIP leads in 2 (Total Returns, Analyst Outlook). 2 tied.
BIP vs BIPC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BIP or BIPC 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 6. 9% for Brookfield Infrastructure Corporation (BIPC). 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 is the better long-term investment — BIP or BIPC?
Over the past 5 years, Brookfield Infrastructure Partners L.
P. (BIP) delivered a total return of +27. 2%, compared to -2. 2% for Brookfield Infrastructure Corporation (BIPC). Over 10 years, the gap is even starker: BIP returned +192. 8% versus BIPC's +124. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BIP or BIPC?
By beta (market sensitivity over 5 years), Brookfield Infrastructure Corporation (BIPC) is the lower-risk stock at 0.
62β versus Brookfield Infrastructure Partners L. P. 's 0. 63β — meaning BIP is approximately 1% more volatile than BIPC relative to the S&P 500. On balance sheet safety, Brookfield Infrastructure Partners L. P. (BIP) carries a lower debt/equity ratio of 182% versus 7% for Brookfield Infrastructure Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — BIP or BIPC?
By revenue growth (latest reported year), Brookfield Infrastructure Partners L.
P. (BIP) is pulling ahead at 9. 8% versus 6. 9% for Brookfield Infrastructure Corporation (BIPC). On earnings-per-share growth, the picture is similar: Brookfield Infrastructure Partners L. P. grew EPS 716. 7% year-over-year, compared to 59. 7% for Brookfield Infrastructure Corporation. Over a 3-year CAGR, BIPC leads at 27. 3% 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.
05Which has better profit margins — BIP or BIPC?
Brookfield Infrastructure Partners L.
P. (BIP) is the more profitable company, earning 1. 9% net margin versus -6. 6% for Brookfield Infrastructure Corporation — meaning it keeps 1. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BIPC leads at 61. 5% versus 25. 1% for BIP. At the gross margin level — before operating expenses — BIPC leads at 63. 6%, 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.
06Is BIP or BIPC more undervalued right now?
Analyst consensus price targets imply the most upside for BIPC: 44.
3% to $57. 00.
07Which pays a better dividend — BIP or BIPC?
In this comparison, BIP (10.
2% yield) pays a dividend. BIPC does not pay a meaningful dividend and should not be held primarily for income.
08Is BIP or BIPC better for a retirement portfolio?
For long-horizon retirement investors, Brookfield Infrastructure Partners L.
P. (BIP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), 10. 2% yield, +192. 8% 10Y return). Both have compounded well over 10 years (BIP: +192. 8%, BIPC: +124. 1%), 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.
09What are the main differences between BIP and BIPC?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BIP is a mid-cap income-oriented stock; BIPC is a small-cap quality compounder stock. BIP pays a dividend while BIPC does not, making them suitable for different income and tax situations. 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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