Brookfield Infrastructure Corporation Class A Shares (BIPC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.38	-$0.1	-126.3%	—	$940M	—
Q4 25	$2.25	-$0.3	-113.3%	—	$956M	—
Q3 25	-$1.65	$0.1	+106.1%	—	$917M	—
Q2 25	$1.9	-$0.6	-131.6%	—	$866M	—
Q1 25	$1.87	$0.49	-73.8%	—	$929M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$2.01	—	—	$3.7B	—
FY24	—	-$5.11	—	—	$3.7B	—
FY23	—	$0.84	—	—	$2.5B	—
FY22	—	$9.89	—	—	$1.9B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.6B	$1.6B	$1.4B	$1.6B	$1.9B	$2.5B	$3.7B	$3.7B
YoY change	—	+18%	+3.72%	-11.7%	+14.9%	+14.8%	+32.7%	+46.5%	+0.05%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.6B	1.6B	1.4B	1.6B	1.9B	2.5B	3.7B	3.7B
Cost of revenue	195M	236M	552M	527M	526M	542M	778M	1.4B	1.3B
Gross profit	1.1B	1.3B	1.1B	903M	1.1B	1.3B	1.7B	2.3B	2.3B
Gross margin	85.3%	84.9%	65.9%	63.1%	68%	71.3%	68.9%	62.4%	63.6%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	25M	24M	30M	33M	49M	69M	67M	75M	80M
Operating expenses	25M	24M	30M	33M	49M	69M	67M	75M	80M
Operating income	840M	982M	1B	870M	1.1B	1.3B	1.7B	2.2B	2.3B
Operating margin	63.5%	62.9%	64.1%	60.8%	65%	67.6%	66.2%	60.4%	61.5%
Non-operating income, net	-16M	-40M	-39M	-619M	-342M	1.1B	13M	-711M	-14M
Pretax income	753M	815M	842M	37M	432M	1.9B	974M	437M	1.1B
Income tax	176M	234M	272M	269M	405M	262M	368M	365M	385M
Net income	577M	581M	570M	-232M	27M	1.6B	606M	72M	700M
Net margin	43.6%	37.2%	35.2%	-16.2%	1.64%	85.8%	24.2%	1.96%	19.1%
EBITDA	1.1B	1.3B	1.3B	595M	973M	2.6B	2B	2.4B	2.8B
EPS	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01
Diluted EPS	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	551M	917M	902M	908M	912M	944M	929M	866M	917M	956M	884M	940M
Cost of revenue	146M	336M	339M	329M	339M	371M	355M	303M	336M	340M	345M	368M
Gross profit	405M	581M	563M	579M	573M	573M	574M	563M	581M	616M	539M	572M
Gross margin	73.5%	63.4%	62.4%	63.8%	62.8%	60.7%	61.8%	65%	63.4%	64.4%	61%	60.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	16M	18M	18M	17M	21M	19M	19M	20M	20M	21M	21M	22M
Operating expenses	16M	18M	18M	17M	21M	19M	19M	20M	20M	21M	21M	22M
Operating income	389M	563M	545M	562M	552M	554M	555M	543M	561M	595M	518M	550M
Operating margin	70.6%	61.4%	60.4%	61.9%	60.5%	58.7%	59.7%	62.7%	61.2%	62.2%	58.6%	58.5%
Non-operating income, net	877M	-298M	-10M	439M	-1B	-134M	575M	-483M	167M	-273M	-93M	-81M
Pretax income	1.1B	44M	296M	742M	-723M	122M	857M	-207M	416M	19M	120M	147M
Income tax	95M	98M	99M	99M	85M	82M	95M	102M	96M	92M	84M	86M
Net income	1B	-54M	197M	643M	-808M	40M	762M	-309M	320M	-73M	36M	61M
Net margin	183.1%	-5.89%	21.8%	70.8%	-88.6%	4.24%	82%	-35.7%	34.9%	-7.64%	4.07%	6.49%
EBITDA	1.3B	434M	777M	1.2B	-279M	714M	1.3B	142M	926M	453M	584M	668M
EPS	6.93	—	0.21	3.72	-7.4	—	3.27	-4.01	0.69	—	-0.91	-0.67
Diluted EPS	6.93	—	0.21	3.72	-7.4	—	3.27	-4.01	0.69	—	-0.91	-0.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	3.3B	—	4.3B	—	4.8B	5.4B	4.3B
Enterprise value	—	—	—	7.7B	—	8.4B	—	16.3B	18.3B	19.8B
Shares outstanding	69.8M	69.8M	69.8M	67.4M	110.2M	110.6M	131.9M	119M	120M	120M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	2.66	—	66.1	7.78	4.15
P/S	—	—	—	2.27	—	2.28	—	1.3	1.49	1.17
P/B	—	—	—	-5.68	—	-11.9	—	2.14	2.72	2.39
EV/EBITDA	—	—	—	12.9	—	3.25	—	6.81	6.42	6.92
EV/Sales	—	—	—	5.37	—	4.45	—	4.45	4.98	5.36
Earnings yield	—	—	—	—	—	37.6%	—	1.51%	12.9%	24.1%
FCF yield	—	—	—	9.66%	—	8.56%	—	36.6%	29.5%	-12.1%
PEG	—	—	—	—	—	—	—	—	—	-0.05

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	85.3%	84.9%	65.9%	63.1%	68%	71.3%	68.9%	62.4%	63.6%	60.9%
Operating margin	63.5%	62.9%	64.1%	60.8%	65%	67.6%	66.2%	60.4%	61.5%	58.5%
Net margin	43.6%	37.2%	35.2%	-16.2%	1.64%	85.8%	24.2%	1.96%	19.1%	-9.41%
ROE	—	17.9%	17.4%	40.6%	-1.9%	-448.5%	14.9%	3.24%	34.9%	17.2%
ROA	—	6.29%	5.79%	-2.48%	0.27%	15.9%	2.53%	0.31%	2.91%	5.74%
ROIC	—	10.9%	10.6%	0%	3.72%	29.3%	6.62%	2.65%	9.81%	7.83%
Return on tangible assets	—	-85.9%	88.1%	-9.7%	0.72%	47%	4.64%	0.49%	4.84%	2.35%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.25	1.2	0.21	0.32	0.34	0.44	0.62	0.38	0.53
Quick ratio	—	1.25	1.2	0.21	0.32	0.34	0.44	0.62	0.38	0.53
Debt / equity	—	1	1.08	-8.08	-2.59	-12.8	2.96	5.53	6.62	7.19
Debt / assets	—	0.35	0.36	0.49	0.37	0.45	0.5	0.52	0.55	0.53
Net debt / EBITDA	—	2.49	2.55	7.44	3.31	1.59	5.72	4.82	4.5	4.61
Interest coverage	11.6	7.42	6.4	1.17	2.47	4.46	2.4	1.41	1.94	1.57
Effective tax rate	23.4%	28.7%	32.3%	100%	93.8%	13.9%	37.8%	83.5%	35.5%	51%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19	22.4	23.2	21.2	14.9	17.1	19	30.8	30.6	30.1
EPS (basic)	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01	-2.01
EPS (diluted)	2.97	2.9	2.82	-8.18	-3.34	9.89	0.84	-5.11	-2.01	-2.86
Book value per share	—	46.6	47	-8.48	-12.9	-3.26	30.8	18.7	16.7	-12.5
FCF per share	14.8	8.92	9	4.66	3.83	3.33	3.53	14.6	13.4	8.09
Cash per share	—	1.42	2.92	2.85	4.26	4.54	4.09	6.23	3.7	6.22
Capex per share	—	6.24	6.32	5.92	3.77	4.71	3.94	2.65	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	27.9%	27.2%	27.9%	25.3%	27.6%	20.7%	8.59%	—	—
Capex / operating cash flow	—	40.8%	40.7%	182.2%	105.9%	27.1%	48.5%	33.4%	—	—
Payout ratio	—	116.5%	43.9%	-14.2%	0%	0%	—	—	—	15.8%
Dividend yield	—	—	—	1.02%	—	0%	—	—	—	5.2%

Yield

5.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.455

ex-dividend Aug 31, 2026

Payout ratio

16%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.455
May 29, 2026	$0.455
Feb 27, 2026	$0.455
Nov 28, 2025	$0.43
Aug 29, 2025	$0.43
May 30, 2025	$0.43
Feb 28, 2025	$0.43
Nov 29, 2024	$0.405

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$551M	$917M	$902M	$908M	$912M	$944M	$929M	$866M	$917M	$956M	$884M	$940M
YoY change	+21.4%	+86.4%	+81.5%	+68.8%	+65.5%	+2.94%	+2.99%	-4.63%	+0.55%	+1.27%	-4.84%	+8.55%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	99M	204M	192M	469M	502M	539M	742M	444M
Receivables	328M	356M	345M	402M	441M	797M	648M	757M
Inventory	—	—	—	—	—	—	—	—
Total current assets	441M	594M	586M	2B	1.6B	2.8B	4.8B	2.9B
Property, plant & equipment	3.7B	4.5B	5.1B	4.8B	4.7B	14.2B	12.6B	14.2B
Goodwill & intangibles	9.9B	9.2B	7B	6.4B	6.7B	10.8B	9B	9.6B
Total assets	9.2B	9.9B	9.3B	10.1B	10.2B	23.9B	23.6B	24B
Accounts payable	67M	90M	84M	39M	44M	85M	67M	102M
Short-term debt	—	—	11M	131M	354M	1B	769M	1.3B
Total current liabilities	354M	493M	2.8B	6.2B	4.6B	6.4B	7.6B	7.7B
Long-term debt	3.2B	3.5B	4.6B	3.6B	4.2B	11B	11.5B	12B
Total liabilities	6B	6.6B	9.9B	11.5B	10.5B	19.8B	21.4B	22B
Shareholders' equity	3.2B	3.3B	-572M	-1.4B	-361M	4.1B	2.2B	2B
Total debt	3.2B	3.5B	4.6B	3.7B	4.6B	12.1B	12.3B	13.3B
Net debt	3.1B	3.3B	4.4B	3.2B	4.2B	11.5B	11.6B	12.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	340M	539M	355M	509M	278M	742M	274M	1.3B	438M	444M	609M	765M
Receivables	1.3B	797M	—	872M	856M	648M	850M	875M	1.1B	757M	863M	854M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	2.9B	2.8B	2.2B	3.1B	2.9B	4.8B	2.9B	3.6B	3B	2.9B	3.2B	4.3B
Property, plant & equipment	13.8B	14.2B	—	14B	14.6B	12.6B	12.7B	13.2B	14B	14.2B	14.1B	13.5B
Goodwill & intangibles	10.8B	10.8B	10.6B	9.8B	10B	9B	9.4B	9.6B	9.8B	9.6B	9.8B	9.9B
Total assets	23.6B	23.9B	23.9B	23.7B	24.1B	23.6B	22.6B	23.9B	24B	24B	24.2B	24.5B
Accounts payable	1.3B	85M	888M	965M	1.2B	67M	956M	1.2B	1.1B	102M	1.1B	1.2B
Short-term debt	1.3B	1B	26M	567M	900M	769M	604M	1.2B	1.2B	1.3B	1.4B	758M
Total current liabilities	6.6B	6.4B	5B	5.2B	6.7B	7.6B	5.9B	7.3B	7.2B	7.7B	7.8B	8.2B
Long-term debt	10.7B	11B	13.5B	12.6B	12.5B	11.5B	11.6B	12B	12.3B	12B	12.1B	12.1B
Total liabilities	19.6B	19.8B	21B	20.1B	21.7B	21.4B	19.7B	21.7B	21.8B	22B	22.3B	22.7B
Shareholders' equity	4B	4.1B	2.9B	3.5B	2.5B	2.2B	2.8B	2.2B	2.2B	2B	1.9B	1.8B
Total debt	12B	12.1B	13.5B	13.2B	13.4B	12.3B	12.2B	13.3B	13.5B	13.3B	13.4B	12.9B
Net debt	11.8B	11.5B	13.2B	12.7B	13.2B	11.6B	11.9B	12B	13.1B	12.8B	12.9B	12.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	577M	581M	570M	-232M	27M	1.6B	606M	72M	700M
Depreciation & amortization	263M	319M	308M	283M	236M	211M	365M	775M	668M
Stock-based compensation	—	—	—	—	—	—	—	—	—
Change in working capital	68M	15M	73M	-44M	35M	173M	6M	87M	155M
Operating cash flow	1B	1.1B	1.1B	219M	392M	1.9B	1.1B	943M	1.6B
Capital expenditure	—	-435M	-441M	-399M	-415M	-521M	-519M	315M	—
Investing cash flow	-4.5B	-870M	-882M	-399M	326M	-1B	-3.2B	-1.1B	-825M
Dividends paid	—	-677M	-250M	-33M	0	0	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—
Financing cash flow	3.6B	-568M	-514M	-317M	-1.3B	-142M	1.8B	-428M	-1.3B
Net change in cash	71M	-373M	-313M	-497M	-619M	733M	-336M	-595M	-508M
Free cash flow	1B	622M	628M	314M	422M	368M	465M	1.7B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1B	-54M	197M	643M	-808M	40M	762M	-309M	320M	-73M	36M	61M
Depreciation & amortization	59M	194M	195M	191M	194M	195M	195M	153M	167M	153M	159M	161M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-20M	142M	—	136M	56M	15M	-126M	134M	—	—	-162M	157M
Operating cash flow	1.1B	335M	37M	975M	-539M	251M	661M	478M	389M	498M	183M	483M
Capital expenditure	-122M	-138M	-97M	-304M	-354M	1.1B	-74M	—	—	—	—	—
Investing cash flow	-2.9B	-138M	-66M	-248M	-335M	-461M	-32M	363M	-918M	-5M	-1B	-33M
Dividends paid	—	—	-411M	—	—	—	-437M	—	-435M	—	-461M	—
Share repurchases	—	—	—	—	—	—	—	—	0	—	—	—
Financing cash flow	2.5B	-216M	1.3B	-161M	-351M	428M	-1.2B	257M	-787M	-574M	-375M	-42M
Net change in cash	694M	-19M	1.3B	566M	-1.2B	218M	-571M	1.1B	-1.3B	-81M	-1.2B	408M
Free cash flow	72M	397M	181M	108M	39M	1.5B	108M	269M	389M	498M	-18M	126M

Brookfield Infrastructure Corporation Class A Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement