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BIPH

Brookfield Infrastructure Corpo

BIPH

Brookfield Infrastructure Corpo • NYSE
$16.83 ▼ -1.46% (-0.25)
Market Cap $6.15 B
52w High $19.30
52w Low $15.40
Dividend Yield 1.25%
P/E 0
Volume 5.01K
Outstanding Shares 365.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $5.429B ▲ $108M ▲ $-6M ▼ -0.111% ▼ $-0.033 ▼ $2.267B ▼
Q1-2025 $5.392B ▼ $97M ▼ $26M ▼ 0.482% ▼ $0.037 ▼ $2.291B ▼
Q4-2024 $5.444B ▲ $103M ▼ $129M ▲ 2.37% ▲ $0.26 ▲ $2.322B ▲
Q3-2024 $5.27B ▲ $113M ▲ $-73M ▼ -1.385% ▼ $-0.18 ▼ $2.114B ▲
Q2-2024 $5.138B $92M $-38M -0.74% $-0.13 $2.053B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.582B ▲ $108.691B ▲ $79.042B ▲ $5.267B ▼
Q1-2025 $1.764B ▼ $103.655B ▼ $73.88B ▼ $5.503B ▼
Q4-2024 $2.071B ▼ $104.59B ▼ $74.737B ▼ $5.622B ▲
Q3-2024 $2.163B ▼ $105.244B ▲ $75.737B ▲ $5.559B ▼
Q2-2024 $2.241B $100.892B $70.783B $5.816B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-6M ▼ $1.189B ▲ $-460M ▼ $105M ▲ $879M ▲ $169M ▲
Q1-2025 $26M ▼ $868M ▼ $-104M ▲ $-1.402B ▼ $-608M ▼ $-2M ▲
Q4-2024 $112M ▲ $1.561B ▲ $-1.246B ▲ $261M ▼ $469M ▲ $-1.531B ▼
Q3-2024 $-73M ▼ $1.194B ▲ $-2.309B ▼ $1.37B ▲ $276M ▲ $36M ▼
Q2-2024 $-38M $1.057B $-1.187B $-76M $-254M $66M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly and steadily over the past five years, and operating performance looks solid, with core profitability improving alongside scale. However, almost all of that operating strength gets eaten up before it reaches the bottom line: net profit remains very small relative to the size of the business and has even trended down recently. That suggests heavy non‑operating costs (interest, depreciation, and one‑off items) and highlights that this is a capital‑intensive model where accounting earnings are thin, even when the underlying assets perform well. The spike in earnings a few years ago looks more like a one‑time event than a new normal.

Balance Sheet

Balance Sheet The balance sheet shows a very large and growing asset base funded mainly with debt rather than equity. Total debt has climbed meaningfully, while shareholders’ equity remains relatively small and has edged down, which means the company is highly leveraged and sensitive to interest rates and refinancing conditions. Cash balances are modest but improving, so liquidity looks manageable, yet the structure clearly leans on borrowed money and ongoing access to capital markets. This is typical for infrastructure, but it does raise risk if funding conditions tighten or if large projects underperform.

Cash Flow

Cash Flow The business generates healthy and growing cash from operations, which is a key strength for an infrastructure owner with long‑term, contracted revenues. At the same time, capital spending has ramped up sharply, especially most recently, as the company invests heavily in new assets and growth initiatives. As a result, free cash flow flipped from generally positive to clearly negative in the latest period, meaning expansion is currently being funded by debt, asset sales, or external capital rather than by surplus internal cash. The long‑term payoff depends on how well these new investments are executed and how quickly they begin to contribute stable cash returns.

Competitive Edge

Competitive Edge Brookfield Infrastructure benefits from a wide moat built on scale, diversification, and long experience operating essential assets. It owns a broad mix of utilities, transport, midstream, and data infrastructure across multiple continents, which spreads risk across regions and industries and ties cash flows to critical services that customers cannot easily do without. The firm’s disciplined approach to selling mature assets and recycling capital into higher‑growth opportunities has been a core differentiator, as has its ability to execute very large, complex deals that many rivals simply cannot pursue. Compared with more specialized peers, Brookfield’s integrated infrastructure platform, access to capital, and operational know‑how together provide a durable competitive edge, though it also means managing a highly complex global portfolio.

Innovation and R&D

Innovation and R&D Innovation for Brookfield Infrastructure is less about lab research and more about deploying new technologies and business models at scale. The company is making an aggressive push into AI‑related infrastructure through a massive global program alongside marquee partners, aiming to build and power data centers and “AI factories” with reliable, often renewable, energy. It is also weaving technology into traditional assets—automating ports, upgrading logistics networks, building AI‑ready data center campuses, and modernizing energy grids with smart and cleaner solutions. This strategy positions the firm at the crossroads of digitalization and decarbonization, but it also adds execution risk: these are large, complex, multi‑year projects where timing, cost control, and securing long‑term customer contracts will be critical.

Summary

Overall, Brookfield Infrastructure shows the classic profile of a large, ambitious infrastructure platform: strong growth in revenue and operating performance, heavy use of debt, and significant reinvestment into new projects. The underlying cash generation from existing assets looks solid, but accounting profits are thin and volatile, reflecting the cost and complexity of funding and maintaining such a large asset base. Strategically, the company appears well‑placed, with a broad global footprint, access to capital, and a clear focus on the big themes of digital infrastructure and decarbonization. The main opportunities lie in successfully scaling AI and data‑related assets and continuing to recycle capital into higher‑return projects, while the main risks center on high leverage, rising investment commitments, and the challenge of executing very large, technical projects over many years.