NYSE : BIPC
Brookfield Infrastructure Corporation — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 37.49 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.61B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Brookfield Infrastructure Corporation (BIPC) reported revenue of 3.70B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.70B | 3.67B | 3.67B | 2.50B | 1.89B | 1.64B |
| Selling, General & Admin | 84.00M | 80.00M | 75.00M | 67.00M | 69.00M | 49.00M |
| Other Operating Expenses | 1.39B | 1.33B | 1.38B | 778.00M | 542.00M | 526.00M |
| Total Operating Expenses | 1.47B | 1.41B | 1.45B | 845.00M | 611.00M | 575.00M |
| Operating Income | 2.22B | 2.25B | 2.21B | 1.66B | 1.27B | 1.07B |
| Interest Expense | -1.24B | -1.16B | -1.06B | -697.00M | -544.00M | -294.00M |
| Net Interest Expense | -1.24B | -1.16B | -1.06B | -697.00M | -544.00M | -294.00M |
| Income (Loss) on Equity Investments | 24.00M | 25.00M | -20.00M | 4.00M | ||
| Currency Exchange Gain (Loss) | -49.00M | -21.00M | ||||
| Other Non-Operating Income (Expenses) | -254.00M | -39.00M | -711.00M | 131.00M | 1.15B | -321.00M |
| EBT Excluding Unusual Items | 752.00M | 1.08B | 437.00M | 1.02B | 1.88B | 432.00M |
| Total Merger & Restructuring Charges | -49.00M | |||||
| Pretax Income | 702.00M | 1.08B | 437.00M | 974.00M | 1.88B | 432.00M |
| Income Tax Expense | 358.00M | 385.00M | 365.00M | 368.00M | 262.00M | 405.00M |
| Earnings From Continuing Ops. | 344.00M | 700.00M | 72.00M | 606.00M | 1.62B | 27.00M |
| Minority Interest in Earnings | -692.00M | -941.00M | -680.00M | -495.00M | -525.00M | -395.00M |
| Net Income | -348.00M | -241.00M | -608.00M | 111.00M | 1.09B | -368.00M |
| Net Income to Common | -348.00M | -241.00M | -608.00M | 111.00M | 1.09B | -368.00M |
| Shares Outstanding (Basic) | 123.01M | 119.98M | 119.04M | 142.99M | 112.67M | 111.56M |
| Shares Outstanding (Diluted) | 123.01M | 119.98M | 119.04M | 142.99M | 112.67M | 111.56M |
| EPS (Basic) | -2.83 | -2.01 | -5.11 | 0.78 | 9.71 | -3.30 |
| EPS (Diluted) | -2.83 | -2.01 | -5.11 | 0.78 | 9.71 | -3.30 |
| Free Cash Flow | -267.00M | 2.00M | 340.00M | 465.00M | 368.00M | 422.00M |
| Free Cash Flow Per Share | -2.17 | 0.02 | 2.86 | 3.25 | 3.27 | 3.78 |
| Dividend Per Share | 1.77 | 1.72 | 1.62 | 1.53 | 1.44 | 1.38 |
| Profit Margin | -9.41% | -6.57% | -16.59% | 4.44% | 58.01% | -22.40% |
| Free Cash Flow Margin | -7.22% | 0.06% | 9.27% | 18.58% | 19.51% | 25.69% |
| EBITDA | 2.86B | 2.92B | 2.99B | 2.02B | 1.49B | 1.30B |
| EBITDA Margin | 77.47% | 79.66% | 81.51% | 80.82% | 78.79% | 79.37% |
| D&A For EBITDA | 640.00M | 668.00M | 775.00M | 365.00M | 211.00M | 236.00M |
| EBIT | 2.22B | 2.25B | 2.21B | 1.66B | 1.27B | 1.07B |
| EBIT Margin | 60.16% | 61.45% | 60.37% | 66.24% | 67.60% | 65.00% |
| Effective Tax Rate | 51.00% | 35.48% | 83.52% | 37.78% | 13.93% | 93.75% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 690.00M | 431.00M | 674.00M | 539.00M | 445.00M | 469.00M |
| Trading Asset Securities | 75.00M | 13.00M | 68.00M | 38.00M | 57.00M | |
| Accounts Receivable | 854.00M | 883.00M | 756.00M | 888.00M | 441.00M | 402.00M |
| Other Receivables | 1.66B | 1.57B | 1.28B | 1.29B | 566.00M | 1.09B |
| Prepaid Expenses | 45.00M | 30.00M | 51.00M | 58.00M | 46.00M | |
| Other Current Assets | 1.06B | 1.96B | ||||
| Total Current Assets | 4.34B | 2.95B | 4.76B | 2.80B | 1.57B | 2.01B |
| Property, Plant & Equipment | 13.52B | 14.20B | 12.57B | 14.15B | 4.72B | 4.80B |
| Goodwill | 1.71B | 1.68B | 1.61B | 1.73B | 518.00M | 489.00M |
| Other Intangible Assets | 3.24B | 3.10B | 2.89B | 3.70B | 2.85B | 2.69B |
| Long-Term Investments | 314.00M | 372.00M | 164.00M | 65.00M | 468.00M | 30.00M |
| Long-Term Deferred Tax Assets | 37.00M | 39.00M | 37.00M | 40.00M | 43.00M | 52.00M |
| Long-Term Accounts Receivable | 1.41B | 1.31B | 1.24B | |||
| Other Long-Term Assets | 1.39B | 275.00M | 234.00M | 185.00M | 17.00M | 15.00M |
| Total Assets | 24.54B | 24.02B | 23.59B | 23.91B | 10.18B | 10.09B |
| Accounts Payable | 1.17B | 102.00M | 67.00M | 85.00M | 44.00M | 39.00M |
| Accrued Expenses | 828.00M | 653.00M | 759.00M | 562.00M | 413.00M | |
| Current Portion of Long-Term Debt | 787.00M | 1.33B | 801.00M | 1.11B | 426.00M | 131.00M |
| Current Unearned Revenue | 278.00M | 274.00M | 255.00M | 175.00M | 153.00M | |
| Other Current Liabilities | 6.20B | 5.13B | 5.85B | 4.15B | 3.43B | 5.46B |
| Total Current Liabilities | 8.15B | 7.67B | 7.65B | 6.36B | 4.63B | 6.20B |
| Long-Term Debt | 12.16B | 11.96B | 11.51B | 11.02B | 4.25B | 3.56B |
| Long-Term Unearned Revenue | 117.00M | 165.00M | 264.00M | 77.00M | 89.00M | |
| Long-Term Deferred Tax Liabilities | 2.26B | 2.22B | 1.99B | 2.13B | 1.54B | 1.64B |
| Other Long-Term Liabilities | 177.00M | 57.00M | 55.00M | 61.00M | 42.00M | 30.00M |
| Total Liabilities | 22.74B | 22.02B | 21.36B | 19.84B | 10.54B | 11.51B |
| Common Stock | 1.00M | 1.00M | 1.00M | 392.00M | 53.00M | 53.00M |
| Retained Earnings | 73.00M | 268.00M | 509.00M | 1.11B | 901.00M | -193.00M |
| Comprehensive Income & Other | -1.61B | -1.57B | -1.76B | -1.91B | -2.07B | -1.99B |
| Total Common Equity | -1.54B | -1.30B | -1.25B | -399.00M | -1.12B | -2.13B |
| Minority Interest | 3.34B | 3.30B | 3.48B | 4.47B | 758.00M | 703.00M |
| Shareholders' Equity | 1.80B | 2.00B | 2.22B | 4.07B | -361.00M | -1.42B |
| Total Liabilities & Equity | 24.54B | 24.02B | 23.59B | 23.91B | 10.18B | 10.09B |
| Total Debt | 12.94B | 13.29B | 12.31B | 12.13B | 4.67B | 3.69B |
| Net Cash (Debt) | -12.18B | -12.85B | -11.57B | -11.55B | -4.17B | -3.22B |
| Net Cash Per Share | -99.00 | -107.08 | -97.20 | -80.79 | -37.04 | -28.85 |
| Filing Date Shares Outstanding | 123.01M | 122.41M | 119.02M | 142.99M | 112.67M | 111.56M |
| Total Common Shares Outstanding | 123.01M | 119.98M | 119.04M | 142.99M | 112.67M | 111.56M |
| Working Capital | -3.81B | -4.72B | -2.88B | -3.56B | -3.07B | -4.19B |
| Book Value Per Share | -12.52 | -10.83 | -10.53 | -2.79 | -9.93 | -19.07 |
| Tangible Book Value | -6.49B | -6.08B | -5.75B | -5.82B | -4.48B | -5.30B |
| Tangible Book Value Per Share | -52.73 | -50.68 | -48.34 | -40.73 | -39.80 | -47.54 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -348.00M | -241.00M | -608.00M | 111.00M | 1.09B | -368.00M |
| Depreciation & Amortization | 640.00M | 668.00M | 775.00M | 365.00M | 211.00M | 236.00M |
| Loss (Gain) on Equity Investments | 26.00M | -4.00M | 23.00M | 29.00M | ||
| Change in Accounts Receivable | 17.00M | -91.00M | 140.00M | -85.00M | -61.00M | -91.00M |
| Change in Accounts Payable | 125.00M | 246.00M | -53.00M | 91.00M | 234.00M | 126.00M |
| Other Operating Activities | 1.09B | 1.03B | 1.49B | 554.00M | -614.00M | 936.00M |
| Operating Cash Flow | 1.55B | 1.61B | 1.74B | 1.06B | 893.00M | 839.00M |
| Capital Expenditures | -1.82B | -1.61B | -1.40B | -594.00M | -525.00M | -417.00M |
| Sale of Property, Plant & Equipment | 234.00M | 213.00M | 315.00M | 75.00M | 4.00M | 2.00M |
| Cash Acquisitions | -98.00M | -98.00M | -3.09B | |||
| Divestitures | 431.00M | 817.00M | ||||
| Investment in Securities | 415.00M | 428.00M | 431.00M | -526.00M | ||
| Other Investing Activities | 26.00M | 20.00M | -22.00M | -76.00M | ||
| Investing Cash Flow | -1.24B | -612.00M | -1.11B | -3.17B | -1.05B | 326.00M |
| Long-Term Debt Issued | 3.15B | 7.88B | 2.37B | 2.75B | 392.00M | |
| Long-Term Debt Repaid | -3.37B | -6.41B | -2.61B | -1.20B | -680.00M | |
| Net Debt Issued (Repaid) | -190.00M | -213.00M | 1.47B | -238.00M | 1.55B | -288.00M |
| Issuance of Common Stock | 177.00M | 38.00M | 1.00M | 128.00M | ||
| Other Financing Activities | -834.00M | -1.12B | -1.90B | 2.42B | -1.55B | -708.00M |
| Financing Cash Flow | -847.00M | -1.29B | -428.00M | 2.18B | -4.00M | -868.00M |
| Foreign Exchange Rate Adjustments | 10.00M | 52.00M | -70.00M | 26.00M | 134.00M | -20.00M |
| Net Cash Flow | -527.00M | -243.00M | 135.00M | 94.00M | -24.00M | 277.00M |
| Free Cash Flow | -267.00M | 2.00M | 340.00M | 465.00M | 368.00M | 422.00M |
| Free Cash Flow Margin | -7.22% | 0.06% | 9.27% | 18.58% | 19.51% | 25.69% |
| Free Cash Flow Per Share | -2.17 | 0.02 | 2.86 | 3.25 | 3.27 | 3.78 |
| Levered Free Cash Flow | -521.25M | 758.88M | -110.50M | 254.62M | -1.24B | 2.47B |
| Unlevered Free Cash Flow | 255.00M | 1.48B | 555.12M | 690.25M | -900.12M | 2.66B |
| Cash Interest Paid | 1.13B | 1.05B | 954.00M | 678.00M | 554.00M | 261.00M |
| Cash Income Tax Paid | 380.00M | 356.00M | 417.00M | 318.00M | 292.00M | 165.00M |
| Change in Working Capital | 142.00M | 155.00M | 87.00M | 6.00M | 173.00M | 35.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.61B | 5.41B | 4.76B | 5.04B | 4.38B | 5.07B |
| Enterprise Value | 16.79B | 21.89B | 21.20B | 21.12B | 8.97B | 9.24B |
| PE Ratio | 45.44 | 4.00 | ||||
| PS Ratio | 1.25 | 1.47 | 1.30 | 2.02 | 2.32 | 3.08 |
| PB Ratio | 2.56 | 2.70 | 2.14 | 1.24 | -12.14 | -3.56 |
| P/FCF Ratio | 2,702.89 | 14.01 | 10.85 | 11.91 | 12.01 | |
| P/OCF Ratio | 2.97 | 3.36 | 2.73 | 4.76 | 4.91 | 6.04 |
| EV/Sales Ratio | 4.54 | 5.97 | 5.78 | 8.44 | 4.76 | 5.62 |
| EV/EBITDA Ratio | 5.86 | 7.49 | 7.09 | 10.44 | 6.04 | 7.09 |
| EV/EBIT Ratio | 7.55 | 9.71 | 9.58 | 12.74 | 7.04 | 8.65 |
| EV/FCF Ratio | 10,945.39 | 62.35 | 45.42 | 24.38 | 21.90 | |
| Debt / Equity Ratio | 7.20 | 6.63 | 5.54 | 2.98 | -12.95 | -2.59 |
| Debt / EBITDA Ratio | 4.52 | 4.55 | 4.12 | 6.00 | 3.15 | 2.83 |
| Debt / FCF Ratio | 6,646.00 | 36.22 | 26.08 | 12.70 | 8.74 | |
| Net Debt / Equity Ratio | 6.77 | 6.41 | 5.21 | 2.84 | -11.56 | -2.26 |
| Net Debt / EBITDA Ratio | 4.25 | 4.40 | 3.87 | 5.71 | 2.81 | 2.47 |
| Net Debt / FCF Ratio | -45.61 | 6,424.00 | 34.03 | 24.84 | 11.34 | 7.63 |
| Quick Ratio | 0.40 | 0.38 | 0.36 | 0.43 | 0.33 | 0.32 |
| Current Ratio | 0.53 | 0.38 | 0.62 | 0.44 | 0.34 | 0.32 |
| Asset Turnover | 0.15 | 0.15 | 0.15 | 0.15 | 0.19 | 0.17 |
| Return on Equity (ROE) | 17.16% | 33.12% | 2.29% | 32.70% | ||
| Return on Assets (ROA) | 5.74% | 5.92% | 5.82% | 6.08% | 7.87% | 6.87% |
| Return on Capital Employed (ROCE) | 13.60% | 13.80% | 13.90% | 9.40% | 23.00% | 27.50% |
| Earnings Yield | -7.55% | -4.46% | -12.77% | 2.20% | 24.97% | -7.26% |
| FCF Yield | -5.79% | 0.04% | 7.14% | 9.22% | 8.40% | 8.33% |
| Dividend Yield | 4.86% | 3.82% | 4.05% | 4.34% | 3.70% | 3.04% |
| Buyback Yield / Dilution | -3.32% | -0.79% | 16.75% | -26.91% | -1.00% | -62.05% |
| Total Shareholder Return | 1.53% | 3.03% | 20.80% | -22.57% | 2.71% | -59.01% |