Brookfield Infrastructure Partners L.P. (BIP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Brookfield Infrastructure Partners L.P. (BIP) stock price & volume — 10-year historical chart
Brookfield Infrastructure Partners L.P. (BIP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Brookfield Infrastructure Partners L.P. (BIP) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.20vs $0.28-171.8% | $6.3Bvs $2.1B+195.2% |
| Q2 2026 | Mar 17, 2026 | $0.48 | $6.3B |
| Q1 2026 | Jan 29, 2026 | $0.45vs $0.87-48.3% | $6.3Bvs $2.1B+199.3% |
| Q4 2025 | Nov 7, 2025 | $0.44vs $0.26+66.9% | $6.0Bvs $2.0B+201.9% |
Brookfield Infrastructure Partners L.P. (BIP) competitors in Multi-sector infrastructure owners — business model, growth, and fundamentals comparison
Brookfield Infrastructure Partners L.P. (BIP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Brookfield Infrastructure Partners L.P. (BIP) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 3.54B | 4.65B | 6.6B | 8.88B | 11.54B | 14.43B | 17.93B | 21.04B | 23.1B | 24.01B |
Revenue Growth % | 67.14% | 31.6% | 41.81% | 34.68% | 29.85% | 25.05% | 24.29% | 17.33% | 9.8% | 13.02% |
Cost of Revenue | 1.51B | 2.21B | 4.61B | 6.55B | 8.25B | 10.51B | 13.47B | 15.68B | 16.88B | 17.52B |
Gross Profit | 2.03B▲ 0% | 2.44B▲ 20.6% | 1.99B▼ 18.7% | 2.34B▲ 17.6% | 3.29B▲ 40.8% | 3.92B▲ 19.1% | 4.46B▲ 13.9% | 5.36B▲ 20.2% | 6.22B▲ 16.1% | 6.49B▲ 0% |
Gross Margin % | 57.31% | 52.54% | 30.13% | 26.3% | 28.52% | 27.15% | 24.88% | 25.49% | 26.94% | 27.04% |
Gross Profit Growth % | 92.59% | 20.63% | -18.66% | 17.56% | 40.78% | 19.06% | 13.89% | 20.22% | 16.05% | - |
Operating Expenses | 910M | 1.02B | 279M | 2.34B | 406M | 433M | 413M | 405M | 426M | 438M |
Other Operating Expenses | - | - | - | - | - | - | - | - | - | - |
EBITDA | 1.25B | 2.22B | 2.92B | 3.94B | 4.92B | 5.64B | 6.79B | 8.6B | 9.82B | 10.19B |
EBITDA Margin % | 35.22% | 47.74% | 44.31% | 44.33% | 42.65% | 39.11% | 37.85% | 40.89% | 42.52% | 42.45% |
EBITDA Growth % | 40.52% | 78.39% | 31.61% | 34.76% | 24.9% | 14.67% | 20.29% | 26.74% | 14.18% | 16.09% |
Depreciation & Amortization | 671M | 801M | 1.21B | 1.71B | 2.04B | 2.16B | 2.74B | 3.64B | 4.02B | 4.14B |
D&A / Revenue % | 18.98% | 17.22% | 18.4% | 19.19% | 17.65% | 14.96% | 15.28% | 17.32% | 17.42% | 17.24% |
Operating Income (EBIT) | 574M▲ 0% | 1.42B▲ 147.4% | 1.71B▲ 20.4% | 0▼ 100.0% | 2.88B▲ 0% | 3.48B▲ 20.8% | 4.05B▲ 16.2% | 4.96B▲ 22.5% | 5.8B▲ 16.9% | 6.05B▲ 0% |
Operating Margin % | 16.24% | 30.52% | 25.91% | 0% | 25% | 24.15% | 22.58% | 23.57% | 25.1% | 25.22% |
Operating Income Growth % | 30.75% | 147.39% | 20.35% | -100% | - | 20.8% | 16.19% | 22.48% | 16.94% | - |
Interest Expense | 428M | 555M | 904M | 1.18B | 1.24B | 1.6B | 2.5B | 3.04B | 3.87B | 4M |
Interest Coverage | 2.61x | 3.09x | 1.93x | 1.89x | 3.69x | 2.21x | 1.71x | 1.64x | 1.81x | - |
Interest / Revenue % | 12.11% | 11.93% | 13.7% | 13.27% | 10.72% | 11.08% | 13.95% | 14.44% | 16.74% | 0.02% |
Non-Operating Income | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -4M |
Pretax Income | 747M▲ 0% | 1.17B▲ 56.6% | 928M▼ 20.7% | 1.2B▲ 28.8% | 3.33B▲ 178.9% | 1.94B▼ 41.9% | 2.03B▲ 4.9% | 1.95B▼ 3.7% | 3.12B▲ 59.8% | 2.7B▲ 0% |
Pretax Margin % | 21.13% | 25.15% | 14.07% | 13.45% | 28.89% | 13.41% | 11.32% | 9.28% | 13.51% | 11.24% |
Income Tax | 173M | 364M | 278M | 291M | 614M | 560M | 581M | 270M | 589M | 544M |
Effective Tax Rate % | 23.16% | 31.11% | 29.96% | 24.35% | 18.42% | 28.94% | 28.63% | 13.82% | 18.87% | 20.16% |
Net Income | 124M▲ 0% | 192M▲ 54.8% | 211M▲ 9.9% | 324M▲ 53.6% | 766M▲ 136.4% | 341M▼ 55.5% | 367M▲ 7.6% | 351M▼ 4.4% | 449M▲ 27.9% | 417M▲ 0% |
Net Margin % | 3.51% | 4.13% | 3.2% | 3.65% | 6.64% | 2.36% | 2.05% | 1.67% | 1.94% | 1.74% |
Net Income Growth % | -66.4% | 54.84% | 9.9% | 53.55% | 136.42% | -55.48% | 7.62% | -4.36% | 27.92% | 139.66% |
EPS (Diluted) | -0.03▲ 0% | 0.39▲ 1560.7% | 0.05▼ 88.0% | 0.23▲ 392.5% | 1.10▲ 378.3% | 0.08▼ 93.1% | 0.22▲ 188.0% | 0.12▼ 45.5% | 0.98▲ 716.7% | 0.91▲ 0% |
EPS Growth % | -103.56% | 1560.67% | -88.03% | 392.51% | 378.26% | -93.05% | 187.96% | -45.45% | 716.67% | 1522.93% |
EPS (Basic) | -0.03 | 0.39 | 0.05 | 0.23 | 1.10 | 0.08 | 0.22 | 0.12 | 0.98 | - |
Diluted Shares Outstanding | 396.9M | 415.35M | 428.4M | 442.05M | 445.05M | 458.1M | 459.4M | 461.6M | 460.1M | 459.8M |
Brookfield Infrastructure Partners L.P. (BIP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 29.48B | 36.58B | 56.31B | 61.33B | 73.96B | 72.97B | 100.78B | 104.59B | 128.15B | 124.51B |
Asset Growth % | 38.55% | 24.1% | 53.93% | 8.92% | 20.59% | -1.34% | 38.12% | 3.78% | 22.53% | 68.48% |
PP&E (Net) | 9.94B | 12.81B | 23.01B | 31.58B | 38.66B | 37.29B | 48.55B | 50.85B | 69.57B | 69.34B |
PP&E / Total Assets % | 33.71% | 35.03% | 40.87% | 51.5% | 52.26% | 51.11% | 48.17% | 48.62% | 54.29% | 55.69% |
Total Current Assets | 1.51B | 2.28B | 5.84B | 3.71B | 4.9B | 6.69B | 7.98B | 9.61B | 3.2B | 2.46B |
Cash & Equivalents | 341M | 444M | 699M | 742M | 1.25B | 1.14B | 1.64B | 1.98B | 3.2B | 2.46B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
Inventory | 108M | 141M | 242M | 221M | 400M | 531M | 512M | 454M | 0 | 0 |
Other Current Assets | 43M | 219M | 2.71B | 193M | 439M | 1.55B | 1.29B | 2.85B | 0 | 0 |
Long-Term Investments | 5.62B | 4.7B | 5.07B | 5.63B | 4.97B | 5.8B | 5.81B | 6.06B | 6.55B | 24.62B |
Goodwill | 1.3B | 3.86B | 6.55B | 6.63B | 8.98B | 8.79B | 14.49B | 14.1B | 0 | 34.67B |
Intangible Assets | 9.89B | 11.63B | 14.39B | 11.77B | 14.21B | 11.82B | 15.85B | 14.52B | 34.98B | 0 |
Other Assets | 1.14B | 1.22B | 1.33B | 1.88B | 2.08B | 2.47B | 8.01B | 9.34B | 13.86B | 11.67B |
Total Liabilities | 16B | 21.91B | 34.13B | 39.66B | 47.57B | 47.41B | 66.77B | 74.74B | 92.61B | 90.28B |
Total Debt | 10.16B | 15.11B | 22.92B | 27.2B | 33.12B | 33.83B | 49.57B | 56.35B | 64.5B | 64.49B |
Net Debt | 9.82B | 14.66B | 22.22B | 26.46B | 31.87B | 32.69B | 47.93B | 54.37B | 61.3B | 62.03B |
Long-Term Debt | 9.7B | 14.12B | 19.74B | 21.71B | 26.15B | 27.23B | 39.89B | 47.44B | 64.5B | 64.49B |
Short-Term Borrowings | 463M | 985M | 1.38B | 1.69B | 3.13B | 3.18B | 6.05B | 3.8B | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 1.8B | 3.8B | 3.84B | 3.42B | 3.63B | 5.12B | 0 | 4.45B |
Total Current Liabilities | 1.31B | 2.42B | 5.44B | 5.52B | 8.66B | 8.38B | 11.71B | 10.9B | 1.29B | 0 |
Accounts Payable | 864M | 463M | 973M | 1.46B | 1.88B | 1.87B | 2.25B | 2.15B | 0 | 0 |
Accrued Expenses | 400M | 585M | 653M | 751M | 1.1B | 1.4B | 1.73B | 1.81B | 0 | 0 |
Deferred Revenue | 159M | 154M | 307M | 256M | 338M | 460M | 490M | 581M | 0 | 0 |
Other Current Liabilities | -322M | 230M | 1.93B | 1.17B | 1.79B | 1.09B | 752M | 1.95B | 1.29B | 0 |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 17.26B |
Other Liabilities | 1.59B | 1.63B | 2.48B | 3.75B | 2.96B | 2.54B | 3.61B | 3.79B | 26.82B | -64.49B |
Total Equity | 13.47B▲ 0% | 14.67B▲ 8.9% | 22.18B▲ 51.2% | 21.67B▼ 2.3% | 26.39B▲ 21.8% | 25.55B▼ 3.2% | 34.02B▲ 33.1% | 29.85B▼ 12.2% | 35.52B▲ 19.0% | 34.23B▲ 0% |
Equity Growth % | 39.71% | 8.86% | 51.19% | -2.27% | 21.77% | -3.17% | 33.11% | -12.24% | 18.97% | 49.23% |
Shareholders Equity | 5.56B | 5.45B | 5.98B | 5.36B | 6.84B | 6.29B | 6.24B | 5.62B | 5.62B | 5.34B |
Minority Interest | 7.91B | 9.22B | 16.19B | 16.31B | 19.55B | 19.26B | 27.78B | 24.23B | 29.9B | 28.89B |
Common Stock | 4.91B | 4.91B | 5.5B | 5.53B | 6.07B | 6.09B | 6.2B | 6.21B | 4.89B | 4.62B |
Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | -953M | -856M | -1.43B | -2.29B | -2.13B | -2.66B | -3.25B | -3.98B | 0 | 0 |
Accumulated OCI | 1.01B | 458M | 983M | 992M | 1.75B | 1.94B | 2.37B | 2.48B | 0 | 0 |
Return on Assets (ROA) | 0.49% | 0.58% | 0.45% | 0.55% | 1.13% | 0.46% | 0.42% | 0.34% | 0.39% | 0.34% |
Return on Equity (ROE) | 1.07% | 1.36% | 1.15% | 1.48% | 3.19% | 1.31% | 1.23% | 1.1% | 1.37% | 1.25% |
Debt / Equity | 0.75x | 1.03x | 1.03x | 1.25x | 1.25x | 1.32x | 1.46x | 1.89x | 1.82x | 1.88x |
Debt / Assets | 34.48% | 41.3% | 40.71% | 44.35% | 44.78% | 46.36% | 49.19% | 53.88% | 50.33% | 51.8% |
Net Debt / EBITDA | 7.89x | 6.60x | 7.60x | 6.72x | 6.48x | 5.79x | 7.06x | 6.32x | 6.24x | 6.09x |
Book Value per Share | 33.95 | 35.31 | 51.77 | 49.03 | 59.3 | 55.78 | 74.04 | 64.67 | 77.19 | 74.45 |
Brookfield Infrastructure Partners L.P. (BIP) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.48B | 1.36B | 2.14B | 2.53B | 2.77B | 3.13B | 4.08B | 4.65B | 5.97B | 6B |
Operating CF Growth % | 96.68% | -8.04% | 57.34% | 18.06% | 9.57% | 12.95% | 30.25% | 14.1% | 28.33% | 102.93% |
Operating CF / Revenue % | 41.9% | 29.28% | 32.48% | 28.47% | 24.03% | 21.7% | 22.74% | 22.12% | 25.85% | 24.97% |
Net Income | 574M | 806M | 650M | 904M | 2.72B | 1.38B | 1.45B | 1.68B | 449M | 417M |
Depreciation & Amortization | 671M | 801M | 1.21B | 1.71B | 2.04B | 2.16B | 2.74B | 3.64B | 4.02B | 4.14B |
Deferred Taxes | 67M | 46M | 28M | 54M | 240M | 86M | 5M | -324M | -156M | -169M |
Other Non-Cash Items | 38M | -167M | 183M | 87M | -1.7B | 416M | 524M | -124M | 2.06B | 1.62B |
Working Capital Changes | 131M | -124M | 68M | -220M | -524M | -904M | -638M | -226M | -408M | -473M |
Capital Expenditures | -5.72B | -5.56B | -11.37B | -4.61B | -2.07B | -2.77B | -12.99B | -4.97B | -12.66B | -19.72B |
CapEx / Revenue % | 161.84% | 119.6% | 172.38% | 51.87% | 17.92% | 19.23% | 72.44% | 23.65% | 54.81% | 82.14% |
CapEx / D&A | 8.53x | 6.95x | 9.37x | 2.70x | 1.02x | 1.29x | 4.74x | 1.37x | 3.15x | 4.76x |
CapEx Coverage (OCF/CapEx) | 0.26x | 0.24x | 0.19x | 0.55x | 1.34x | 1.13x | 0.31x | 0.94x | 0.47x | 0.30x |
Cash from Investing | -5.72B | -5.56B | -11.37B | -4.61B | -1.17B | -3.37B | -12.99B | -6.9B | -12.66B | -18.93B |
Acquisitions | -4.84B | -4.6B | -10.4B | -3.03B | 773M | -870M | -10.14B | -2.8B | 0 | -7.48B |
Purchase of Investments | -469M | -255M | -176M | -1.17B | -1.32B | -659M | -524M | -677M | 0 | -269M |
Sale of Investments | 258M | 104M | 351M | 1.02B | 1.36B | 898M | 715M | 1.06B | 534M | -1.12B |
Other Investing | 47M | 23M | 38M | 46M | 85M | 41M | -558M | 483M | -7.49B | -3.19B |
Cash from Financing | 3.81B | 4.42B | 9.54B | 2.13B | -995M | 56M | 9.42B | 2.61B | 7.82B | 13.96B |
Dividends Paid | -794M | -919M | -1.03B | -1.13B | -1.26B | -1.42B | -1.52B | -1.64B | -1.74B | -2.01B |
Dividend Payout Ratio % | 640.32% | 478.65% | 486.73% | 350% | 164.1% | 415.84% | 413.08% | 468.38% | 388.2% | - |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
Stock Issued | 1.21B | 325M | 853M | 204M | 1.07B | 13M | 0 | 11M | 0 | 6M |
Share Repurchases | 0 | 0 | 0 | 0 | -12M | -243M | -13M | 0 | -190M | -190M |
Other Financing | 1.8B | 716M | 5.85B | 1.55B | -2.08B | -1.68B | 5.58B | -3.91B | 1.56B | 15.65B |
Net Change in Cash | -412M▲ 0% | 166M▲ 140.3% | 287M▲ 72.9% | 40M▼ 86.1% | 539M▲ 1247.5% | -127M▼ 123.6% | 578M▲ 555.1% | 214M▼ 63.0% | 1.13B▲ 428.0% | 995M▲ 0% |
Exchange Rate Effect | 14M | -50M | -26M | -7M | -65M | 51M | 71M | -150M | 2M | -29M |
Cash at Beginning | 786M | 374M | 540M | 827M | 867M | 1.41B | 1.28B | 1.86B | 2.07B | 3.2B |
Cash at End | 374M | 540M | 827M | 867M | 1.41B | 1.28B | 1.86B | 2.07B | 3.2B | 2.46B |
Free Cash Flow | -4.24B▲ 0% | -4.2B▲ 0.9% | -9.23B▼ 119.6% | -2.08B▲ 77.5% | 705M▲ 133.9% | 356M▼ 49.5% | -8.91B▼ 2603.4% | -322M▲ 96.4% | -6.69B▼ 1977.6% | -13.73B▲ 0% |
FCF Growth % | -1290.16% | 0.9% | -119.63% | 77.47% | 133.91% | -49.5% | -2603.37% | 96.39% | -1977.64% | -1742.42% |
FCF Margin % | -119.94% | -90.33% | -139.9% | -23.4% | 6.11% | 2.47% | -49.7% | -1.53% | -28.96% | -57.17% |
FCF / Net Income % | -3419.35% | -2188.54% | -4373.93% | -641.67% | 92.04% | 104.4% | -2428.34% | -91.74% | -1489.98% | -3291.61% |
Brookfield Infrastructure Partners L.P. (BIP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 1.07% | 1.36% | 1.15% | 1.48% | 3.19% | 1.31% | 1.23% | 1.1% | 1.37% | 1.25% |
EBITDA Margin | 35.22% | 47.74% | 44.31% | 44.33% | 42.65% | 39.11% | 37.85% | 40.89% | 42.52% | 42.45% |
Net Debt / EBITDA | 7.89x | 6.60x | 7.60x | 6.72x | 6.48x | 5.79x | 7.06x | 6.32x | 6.24x | 6.09x |
Interest Coverage | 2.61x | 3.09x | 1.93x | 1.89x | 3.69x | 2.21x | 1.71x | 1.64x | 1.81x | - |
CapEx / Revenue | 161.84% | 119.6% | 172.38% | 51.87% | 17.92% | 19.23% | 72.44% | 23.65% | 54.81% | 82.14% |
Dividend Payout Ratio | 640.32% | 478.65% | 486.73% | 350% | 164.1% | 415.84% | 413.08% | 468.38% | 388.2% | 482.01% |
Debt / Equity | 0.75x | 1.03x | 1.03x | 1.25x | 1.25x | 1.32x | 1.46x | 1.89x | 1.82x | 1.88x |
EPS Growth | -103.56% | 1560.67% | -88.03% | 392.51% | 378.26% | -93.05% | 187.96% | -45.45% | 716.67% | 1522.93% |
Brookfield Infrastructure Partners L.P. (BIP) stock FAQ — growth, dividends, profitability & financials explained
Brookfield Infrastructure Partners L.P. (BIP) reported $24.01B in revenue for fiscal year 2025.
Brookfield Infrastructure Partners L.P. (BIP) grew revenue by 9.8% over the past year. This is steady growth.
Yes, Brookfield Infrastructure Partners L.P. (BIP) is profitable, generating $417.0M in net income for fiscal year 2025 (1.9% net margin).
Yes, Brookfield Infrastructure Partners L.P. (BIP) pays a dividend with a yield of 10.08%. This makes it attractive for income-focused investors.
Brookfield Infrastructure Partners L.P. (BIP) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.
Brookfield Infrastructure Partners L.P. (BIP) had negative free cash flow of $13.73B in fiscal year 2025, likely due to heavy capital investments.
Brookfield Infrastructure Partners L.P. (BIP) has a dividend payout ratio of 388%. The high payout ratio may limit dividend growth.