Brookfield Infrastructure Corporation(BIPC)Earnings, Financials & Key Ratios

BIPC•NYSE•Utilities

$39.51

$4.74B mkt cap·Price updated May 6, 2026

SectorUtilities IndustryGas Utilities Sub-IndustryRegulated Gas and Electric Utilities

AboutBrookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia. It operates approximately 2,000 kilometers of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; 3.9 million gas and electricity connections; and 61,000 kilometers of operational electricity transmission and distribution lines in Australia. The company was incorporated in 2019 and is headquartered in New York, New York. Brookfield Infrastructure Corporation is a subsidiary of Brookfield Infrastructure Partners L.P.Show more

Revenue$3.73B+6.9%
EBITDA$2.97B+4.5%
Net Income-$245M+57.6%
Free Cash Flow$219M-66.6%
EBITDA Margin79.66%-2.3%
Net Margin-6.57%+60.4%
ROE-11.61%+36.9%
Interest Coverage1.92+42.8%
Debt/Equity6.63+20.0%
Net Debt/EBITDA4.32+5.8%
CapEx / Revenue37.98%+21.8%
CapEx Coverage1.15-27.9%

Technical→

BIPC Key Insights

Brookfield Infrastructure Corporation (BIPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y profit CAGR of 15.9%

✗Weaknesses

✗High debt to equity ratio of 6.6x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BIPC Price & Volume

Brookfield Infrastructure Corporation (BIPC) stock price & volume — 10-year historical chart

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BIPC Growth Metrics

Brookfield Infrastructure Corporation (BIPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years19.91%

3 Years27.25%

TTM-1.11%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-198.88%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-342.45%

Return on Capital

10 Years14.28%

5 Years17.26%

3 Years13.73%

Last Year14.22%

BIPC Recent Earnings

Brookfield Infrastructure Corporation (BIPC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 2/12 qtrs (29%)●Beat Revenue 1/12 qtrs (50%)

Q2 2026Latest

Apr 29, 2026

EPS

$0.83

Est $2.70

-130.7%

Revenue

$872M

Est $931M

-6.3%

Q2 2026

Mar 17, 2026

EPS

$2.00

Revenue

$971M

Q1 2026

Jan 29, 2026

EPS

$2.00

Est $2.25

-188.9%

Revenue

$971M

Est $962M

+0.9%

Q4 2025

Nov 4, 2025

EPS

$0.68

Est $1.68

+140.5%

Revenue

$907M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 29, 2026	$0.83vs $2.70-130.7%	$872Mvs $931M-6.3%
Q2 2026	Mar 17, 2026	$2.00	$971M
Q1 2026	Jan 29, 2026	$2.00vs $2.25-188.9%	$971Mvs $962M+0.9%
Q4 2025	Nov 4, 2025	$0.68vs $1.68+140.5%	$907M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
BIPBrookfield Infrastructure Partners L.P.Direct Competitor	17.15B	37.13	37.89	9.8%	1.74%	1.25%	1.82
AQNAlgonquin Power & Utilities Corp.Direct Competitor	4.86B	6.33	-3.50	-3.51%	-1.11%	-0.49%	1.08
AWKAmerican Water Works Company, Inc.Direct Competitor	24.54B	125.68	22.05	9.74%	21.17%	10.14%	1.47
NEENextEra Energy, Inc.Product Competitor	198.92B	95.39	28.99	11%	29.3%	12.66%	1.44
DDominion Energy, Inc.Product Competitor	54.18B	61.64	17.87	14.16%	13.48%	7.08%	1.46
ETEnergy Transfer LPProduct Competitor	68.36B	19.87	14.72	-0.05%	5.93%	10.38%	1.45
KMIKinder Morgan, Inc.Product Competitor	70.26B	31.58	23.05	12.45%	18.92%	10.27%	1.00
WMBThe Williams Companies, Inc.Product Competitor	90.21B	73.76	34.47	13.78%	23.82%	18.98%	1.96

Compare BIPC vs Peers

Brookfield Infrastructure Corporation (BIPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BIP

Most directly comparable listed peer for BIPC.

Scale Benchmark

vs GS

Larger-name benchmark to compare BIPC against a more recognizable public peer.

Peer Set

Compare Top 5

vs BIP, AQN, AWK, NEE

BIPC Income Statement

Brookfield Infrastructure Corporation (BIPC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Revenue	1.37B	1.48B	1.66B	1.51B	1.63B	1.81B	2.55B	3.49B	3.73B	3.63B
Revenue Growth %	-	8.09%	11.83%	-9.12%	8.17%	11.22%	40.72%	36.92%	6.94%	-1.11%
Cost of Revenue	474.47M	526.7M	564.83M	554.84M	521.37M	520.52M	792.27M	1.31B	1.36B	1.33B
Gross Profit	896.11M▲ 0%	954.7M▲ 6.5%	1.09B▲ 14.4%	950.7M▼ 12.9%	1.11B▲ 16.5%	1.29B▲ 16.6%	1.76B▲ 36.1%	2.18B▲ 24.0%	2.37B▲ 9.0%	2.3B▲ 0%
Gross Margin %	65.38%	64.45%	65.9%	63.15%	67.99%	71.26%	68.92%	62.41%	63.63%	63.47%
Gross Profit Growth %	-	6.54%	14.36%	-12.92%	16.46%	16.58%	36.09%	24%	9.03%	-
Operating Expenses	25.9M	22.78M	30.7M	34.74M	48.57M	66.27M	68.23M	71.4M	81.4M	82.15M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA	1.14B	1.23B	1.38B	1.21B	1.29B	1.43B	2.06B	2.84B	2.97B	2.85B
EBITDA Margin %	83.37%	83.34%	83.08%	80.63%	79.37%	78.79%	80.82%	81.51%	79.66%	78.65%
EBITDA Growth %	-	8.05%	11.47%	-11.8%	6.48%	10.41%	44.35%	38.08%	4.52%	-4.21%
Depreciation & Amortization	272.46M	302.73M	315.16M	297.95M	233.92M	202.64M	371.69M	737.79M	679.69M	632.89M
D&A / Revenue %	19.88%	20.44%	19.02%	19.79%	14.36%	11.19%	14.58%	21.14%	18.21%	17.44%
Operating Income (EBIT)	870.21M▲ 0%	931.92M▲ 7.1%	1.06B▲ 13.9%	915.96M▼ 13.7%	1.06B▲ 15.6%	1.22B▲ 15.7%	1.69B▲ 37.9%	2.11B▲ 24.8%	2.29B▲ 8.9%	2.22B▲ 0%
Operating Margin %	63.49%	62.91%	64.05%	60.84%	65%	67.6%	66.24%	60.37%	61.45%	61.21%
Operating Income Growth %	-	7.09%	13.86%	-13.68%	15.57%	15.67%	37.89%	24.78%	8.86%	-
Interest Expense	71M	127M	156M	214M	294M	544M	697M	1.06B	1.18B	4M
Interest Coverage	12.02x	7.04x	6.55x	1.23x	2.45x	4.27x	2.47x	1.34x	1.92x	-
Interest / Revenue %	5.18%	8.57%	9.42%	14.21%	18.05%	30.03%	27.35%	30.52%	31.49%	0.11%
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-4M
Pretax Income	780.08M▲ 0%	773.44M▼ 0.9%	861.58M▲ 11.4%	38.95M▼ 95.5%	428.2M▲ 999.2%	1.81B▲ 321.9%	991.86M▼ 45.1%	416.02M▼ 58.1%	1.1B▲ 165.4%	338.42M▲ 0%
Pretax Margin %	56.92%	52.21%	52.01%	2.59%	26.29%	99.73%	38.91%	11.92%	29.58%	9.32%
Income Tax	182.33M	222.07M	278.32M	283.21M	401.44M	251.62M	374.75M	347.48M	391.74M	374.92M
Effective Tax Rate %	23.37%	28.71%	32.3%	727.03%	93.75%	13.93%	37.78%	83.52%	35.48%	110.78%
Net Income	214.44M▲ 0%	191.7M▼ 10.6%	201.58M▲ 5.2%	-581.16M▼ 388.3%	-364.76M▲ 37.2%	1.05B▲ 388.0%	113.04M▼ 89.2%	-578.81M▼ 612.1%	-245.22M▲ 57.6%	-753.14M▲ 0%
Net Margin %	15.65%	12.94%	12.17%	-38.6%	-22.4%	58.01%	4.43%	-16.58%	-6.57%	-20.75%
Net Income Growth %	-	-10.61%	5.15%	-388.3%	37.24%	388.04%	-89.24%	-612.06%	57.63%	-198.88%
EPS (Diluted)	2.97▲ 0%	2.90▼ 2.4%	11.87▲ 309.3%	-5.00▼ 142.1%	-3.31▲ 33.8%	14.37▲ 534.1%	0.78▼ 94.6%	-5.11▼ 755.1%	-2.06▲ 59.7%	-5.66▲ 0%
EPS Growth %	-	-2.36%	309.31%	-142.12%	33.8%	534.14%	-94.57%	-755.13%	59.69%	-342.45%
EPS (Basic)	2.97	2.90	8.20	-3.44	-3.31	14.37	0.84	-5.11	-2.06	-
Diluted Shares Outstanding	69.75M	69.75M	69.52M	67.46M	110.25M	112.67M	142.99M	119.04M	119.07M	133.03M

BIPC Balance Sheet

Brookfield Infrastructure Corporation (BIPC) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Assets	9.97B	9.24B	9.85B	9.34B	10.09B	10.18B	23.91B	23.59B	23.98B	24.21B
Asset Growth %	-	-7.31%	6.63%	-5.17%	7.94%	0.91%	134.91%	-1.35%	1.67%	9.45%
PP&E (Net)	3.39B	3.68B	4.5B	5.11B	4.8B	4.72B	14.15B	12.57B	14.17B	14.11B
PP&E / Total Assets %	33.97%	39.79%	45.64%	54.7%	47.62%	46.35%	59.19%	53.3%	59.1%	58.27%
Total Current Assets	429M	441M	594M	586M	2.01B	1.01B	2.8B	4.76B	2B	2.28B
Cash & Equivalents	78M	99M	204M	192M	469M	445M	539M	674M	430.22M	589M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	0	0	0	0	0	-57M	0	0	0	0
Other Current Assets	0	0	0	0	0	57M	0	1.96B	-944.65M	0
Long-Term Investments	13M	34M	29M	27M	30M	428M	65M	164M	372M	1.71B
Goodwill	805M	691M	667M	528M	489M	518M	1.73B	1.61B	1.68B	1.7B
Intangible Assets	5.2B	4.27B	3.94B	2.95B	2.69B	2.85B	3.7B	2.89B	3.1B	3.22B
Other Assets	135M	86M	89M	101M	15M	613M	1.42B	1.55B	-77.54M	0
Total Liabilities	4.63B	5.99B	6.58B	9.92B	11.51B	10.54B	19.84B	21.36B	21.98B	22.3B
Total Debt	1.77B	3.25B	3.53B	4.62B	3.69B	4.6B	12.05B	12.28B	13.27B	13.44B
Net Debt	1.69B	3.15B	3.32B	4.43B	3.22B	4.16B	11.52B	11.61B	12.84B	12.85B
Long-Term Debt	1.77B	3.25B	3.53B	4.61B	3.56B	0	11.01B	11.5B	11.93B	0
Short-Term Borrowings	0	0	0	11M	131M	426M	1.05B	769M	1.31B	13.44B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	354M	354M	493M	2.76B	6.2B	4.23B	6.36B	7.65B	7.67B	14.5B
Accounts Payable	61M	67M	90M	84M	39M	44M	85M	67M	1.21B	1.06B
Accrued Expenses	140M	164M	256M	265M	413M	562M	759M	0	0	0
Deferred Revenue	0	118M	141M	156M	153M	175M	255M	273.84M	116.79M	0
Other Current Liabilities	153M	5M	6M	2.24B	5.46B	3.6B	4.21B	6.54B	5.15B	0
Deferred Taxes	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	8.95B
Other Liabilities	2.51B	1.01B	1.03B	1.03B	30M	4.37B	76M	56M	62.89M	5.39B
Total Equity	5.34B▲ 0%	3.25B▼ 39.1%	3.28B▲ 0.9%	-572M▼ 117.5%	-1.42B▼ 149.0%	-361M▲ 74.6%	4.07B▲ 1226.9%	2.22B▼ 45.4%	2B▼ 9.9%	1.91B▲ 0%
Equity Growth %	-	-39.15%	0.86%	-117.45%	-148.95%	74.65%	1226.87%	-45.38%	-9.93%	-90.69%
Shareholders Equity	2.04B	1.46B	1.65B	-1.72B	-2.13B	-1.12B	-399M	-1.25B	-1.3B	-1.46B
Minority Interest	3.3B	1.79B	1.62B	1.15B	703M	758M	4.47B	3.48B	3.3B	3.37B
Common Stock	1.36B	681M	431M	0	0	52.98M	392M	1M	998.18K	0
Additional Paid-in Capital	0	0	959M	0	0	0	0	0	1.28B	0
Retained Earnings	186M	388M	585M	0	0	900.59M	1.11B	509M	267.51M	0
Accumulated OCI	497M	-437M	-321M	0	0	-2.07B	473M	581M	-2.84B	0
Return on Assets (ROA)	2.15%	2%	2.11%	-6.05%	-3.75%	10.37%	0.66%	-2.44%	-1.03%	-3.13%
Return on Equity (ROE)	4.02%	4.46%	6.18%	-42.97%	-	-	6.1%	-18.4%	-11.61%	-36.21%
Debt / Equity	0.33x	1.00x	1.08x	-	-	-	2.96x	5.53x	6.63x	6.63x
Debt / Assets	17.73%	35.13%	35.79%	49.44%	36.56%	45.23%	50.42%	52.06%	55.33%	55.52%
Net Debt / EBITDA	1.48x	2.55x	2.41x	3.65x	2.49x	2.91x	5.59x	4.08x	4.32x	4.32x
Book Value per Share	76.54	46.58	47.13	-8.48	-12.92	-3.2	28.45	18.67	16.81	14.36

BIPC Cash Flow Statement

Brookfield Infrastructure Corporation (BIPC) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	1.03B	1.06B	1.08B	730M	839M	893M	1.06B	1.74B	1.64B	1.64B
Operating CF Growth %	-	3.3%	1.69%	-32.59%	14.93%	6.44%	18.59%	64.59%	-6.13%	-44.76%
Operating CF / Revenue %	75.22%	71.89%	65.37%	48.49%	51.52%	49.3%	41.55%	49.94%	43.84%	45.07%
Net Income	577M	581M	570M	-232M	27M	1.62B	606M	-608M	-245.22M	-753.14M
Depreciation & Amortization	263M	319M	308M	283M	236M	211M	365M	775M	679.69M	632.15M
Deferred Taxes	101M	100M	97M	102M	171M	-79M	20.37M	9M	6.11M	41M
Other Non-Cash Items	392M	429M	35M	621M	370M	-1.03B	61.52M	1.48B	1.04B	1.1B
Working Capital Changes	68M	15M	73M	-44M	35M	173M	6.11M	87M	157.71M	122.98M
Capital Expenditures	-4.51B	-443M	-465.58M	-399M	-415M	-1.05B	-3.17B	-1.09B	-1.42B	-2.11B
CapEx / Revenue %	329.28%	29.9%	28.1%	26.5%	25.48%	57.8%	124.52%	31.17%	37.98%	56.83%
CapEx / D&A	17.16x	1.39x	1.51x	1.41x	1.76x	4.96x	8.70x	1.40x	2.09x	3.26x
CapEx Coverage (OCF/CapEx)	0.23x	2.40x	2.33x	1.83x	2.02x	0.85x	0.33x	1.60x	1.15x	0.79x
Cash from Investing	-4.51B	-435M	-441M	-399M	326M	-1.05B	-3.17B	-1.11B	-1.73B	-1.57B
Acquisitions	-4.15B	-824.68M	14.33M	17.9M	817M	-455M	-3.09B	0	-767.2M	-681.05M
Purchase of Investments	0	0	0	0	-76M	-71M	-57M	0	0	-35M
Sale of Investments	0	0	0	0	75.33M	68.19M	53M	0	433.46M	-245.96K
Other Investing	-367M	8M	10.25M	-17.9M	-75.33M	-68.19M	510M	-22M	22.39M	491.33M
Cash from Financing	3.55B	-568M	-514M	-317M	-868M	-4M	2.18B	-428M	-207.57M	301.06M
Dividends Paid	0	-677M	-255.81M	-493.78M	0	0	0	0	0	-435M
Dividend Payout Ratio %	-	353.16%	126.9%	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	0
Stock Issued	0	0	0	0	128M	0	0	1M	0	140.07M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	3.2B	-1.44B	-525M	5.78M	-708M	-911.56M	2.42B	-1.9B	9.16M	-2B
Net Change in Cash	68M▲ 0%	21M▼ 69.1%	105M▲ 400.0%	-12M▼ 111.4%	277M▲ 2408.3%	-24M▼ 108.7%	94M▲ 491.7%	135M▲ 43.6%	-243.38M▼ 280.3%	317.31M▲ 0%
Exchange Rate Effect	-3M	-41M	-23M	-26M	-20M	134M	26M	-70M	56.78M	30.94M
Cash at Beginning	10M	78M	99M	204M	192M	469M	445M	539M	673.6M	430.22M
Cash at End	78M	99M	204M	192M	469M	445M	539M	674M	430.22M	590.94M
Free Cash Flow	-3.48B▲ 0%	622M▲ 117.9%	617.42M▼ 0.7%	331M▼ 46.4%	424M▲ 28.1%	-154M▼ 136.3%	-2.12B▼ 1273.4%	655M▲ 131.0%	218.76M▼ 66.6%	-555.81M▲ 0%
FCF Growth %	-	117.86%	-0.74%	-46.39%	28.1%	-136.32%	-1273.38%	130.97%	-66.6%	-153.24%
FCF Margin %	-254.05%	41.99%	37.27%	21.99%	26.04%	-8.5%	-82.98%	18.77%	5.86%	-15.31%
FCF / Net Income %	-1623.73%	324.47%	306.29%	-56.96%	-116.24%	-14.66%	-1871.09%	-113.16%	-89.21%	73.8%

BIPC Key Ratios

Brookfield Infrastructure Corporation (BIPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	4.46%	6.18%	-42.97%	-	-	6.1%	-18.4%	-11.61%	-36.21%
EBITDA Margin	83.34%	83.08%	80.63%	79.37%	78.79%	80.82%	81.51%	79.66%	78.65%
Net Debt / EBITDA	2.55x	2.41x	3.65x	2.49x	2.91x	5.59x	4.08x	4.32x	4.32x
Interest Coverage	7.04x	6.55x	1.23x	2.45x	4.27x	2.47x	1.34x	1.92x	-
CapEx / Revenue	29.9%	28.1%	26.5%	25.48%	57.8%	124.52%	31.17%	37.98%	56.83%
Dividend Payout Ratio	353.16%	126.9%	-	-	-	-	-	-	-57.76%
Debt / Equity	1.00x	1.08x	-	-	-	2.96x	5.53x	6.63x	6.63x
EPS Growth	-2.36%	309.31%	-142.12%	33.8%	534.14%	-94.57%	-755.13%	59.69%	-342.45%

BIPC Frequently Asked Questions

Brookfield Infrastructure Corporation (BIPC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Brookfield Infrastructure Corporation (BIPC) reported $3.63B in revenue for fiscal year 2025. This represents a 165% increase from $1.37B in 2017.

Brookfield Infrastructure Corporation (BIPC) grew revenue by 6.9% over the past year. This is steady growth.

Brookfield Infrastructure Corporation (BIPC) reported a net loss of $753.1M for fiscal year 2025.

Dividend & Returns

Brookfield Infrastructure Corporation (BIPC) has a return on equity (ROE) of -11.6%. Negative ROE indicates the company is unprofitable.

Brookfield Infrastructure Corporation (BIPC) had negative free cash flow of $555.8M in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics

Brookfield Infrastructure Corporation (BIPC) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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Brookfield Infrastructure Corporation (BIPC) financial analysis — history, returns, DCA and operating performance tools

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Brookfield Infrastructure Corporation(BIPC)Earnings, Financials & Key Ratios

BIPC Key Insights

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BIPC Price & Volume

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BIPC Income Statement

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Dividend History

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