BIPCNYSENatural Gas Transmisison & DistributionFiscal year ends December 31
Brookfield Infrastructure Corp
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 17, 2026
$37.31−0.43 (-1.14%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
63.6%+0.5 pts over 5 years
Operating margin
61.5%+0.6 pts over 5 years
Net margin
-6.6%+32.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.1% | +24.8% | +20.7% | – | |
| Gross profit | +2.0% | +20.2% | +20.9% | – | |
| Operating income | +1.9% | +20.9% | +21.0% | – | |
| Free cash flow | -99.4% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 1623.5% | 18.9% | |
| Return on assets | – | -5.8% | -1.0% | |
| Current ratio | – | 0.21 | 0.38 | |
| Interest coverage | – | 4.1× | 2.0× | |
| Capex to revenue | – | – | 43.8% |
Cash use needs five years of cash flow figures
Brookfield Infrastructure does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.6%
×Asset turnover0.15×
×Equity multiplier-18.66×
=Return on equity, FY202518.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.6% | 0.15× | -18.66× | 18.9% |
| FY2024 | -16.6% | 0.15× | -28.75× | 73.6% |
| FY2023 | 4.4% | 0.15× | -22.46× | -14.6% |
| FY2022 | 58.0% | 0.19× | -6.24× | -67.4% |
| FY2021 | -22.4% | 0.17× | -5.05× | 19.1% |
| FY2020 | -38.6% | 0.15× | -282.31× | 1623.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$241.00M
- Cash generatingOperating cash flow above zero$1.61B
- Return on assets improvedROA up on the prior year-2.5% → -1.0%
- Earnings backed by cashOperating cash flow above net income$1.61B vs -$241.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.62 → 0.38
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year62.41% → 63.63%
- More efficientAsset turnover rose0.15 → 0.16