Brookfield Infrast Partners Lp Financials

BIP

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

This page shows Brookfield Infrast Partners Lp (BIP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BIP FY2025 2026-04-22

Brookfield’s infrastructure model is producing more operating cash from a much larger asset base while reinvestment absorbs nearly all of it.

Net income and operating cash flow now move in the same direction, reaching $2.5B and $6.0B respectively. Yet capital spending climbed to $6.0B, leaving free cash flow at just -$53M; that combination says the constraint is reinvestment intensity, not weak underlying cash generation.

Liquidity is managed tightly: the current ratio stayed below 1.0x in every reported year and ended at 0.8x most recently. That does not mean the business lacks cash; it means near-term obligations are structurally larger than near-term assets, so day-to-day funding depends on continuous collections, asset-level cash generation, and regular access to capital rather than on a deliberately oversized cash buffer.

Asset growth has outpaced accounting returns: total assets reached $128.2B while return on assets remained only 2.0%. Goodwill at $19.2B suggests some expansion came through acquisitions, which can enlarge the platform quickly but also makes profit efficiency look modest against the much bigger asset base.

Financial Health Signals

Financial Health Score 52/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Brookfield Infrast Partners Lp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Leverage

Liquidity

Cash Flow

Piotroski F-Score Partial

5/7

Brookfield Infrast Partners Lp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.36x

For every $1 of reported earnings, Brookfield Infrast Partners Lp generates $2.36 in operating cash flow ($6.0B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$23.1B

YoY+9.8%

5Y CAGR+21.1%

10Y CAGR+28.7%

Brookfield Infrast Partners Lp generated $23.1B in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.

EBITDA

N/A

Net Income

$2.5B

YoY+50.4%

5Y CAGR+22.9%

10Y CAGR+20.5%

Brookfield Infrast Partners Lp reported $2.5B in net income in fiscal year 2025. This represents an increase of 50.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$53.0M

YoY+83.5%

Brookfield Infrast Partners Lp generated -$53.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 83.5% from the prior year.

Cash & Debt

$3.2B

YoY+54.6%

5Y CAGR+29.9%

10Y CAGR+32.0%

Brookfield Infrast Partners Lp held $3.2B in cash against $4.0B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

11.0%

YoY+3.0pp

5Y CAGR+0.8pp

10Y CAGR-10.1pp

Brookfield Infrast Partners Lp's net profit margin was 11.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.0 percentage points from the prior year.

Return on Equity

7.1%

YoY+1.5pp

5Y CAGR+2.9pp

10Y CAGR+1.7pp

Brookfield Infrast Partners Lp's ROE was 7.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$6.0B

YoY+21.1%

5Y CAGR+32.6%

10Y CAGR+27.8%

Brookfield Infrast Partners Lp invested $6.0B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.1% from the prior year.

BIP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$23.1B+9.8%	$21.0B+17.3%	$17.9B+24.3%	$14.4B+25.0%	$11.5B+29.8%	$8.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$589.0M+118.1%	$270.0M-53.5%	$581.0M+3.8%	$560.0M-8.8%	$614.0M+111.0%	$291.0M
Net Income	$2.5B+50.4%	$1.7B+16.2%	$1.4B+5.3%	$1.4B-49.4%	$2.7B+200.8%	$904.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$5.4B	N/A	$5.1B	N/A	$4.3B	N/A	$3.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	$252.0M	N/A	$184.0M	N/A	$773.0M	N/A	$425.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BIP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$128.2B+22.5%	$104.6B+3.8%	$100.8B+38.1%	$73.0B-1.3%	$74.0B+20.6%	$61.3B
Current Assets	$12.0B+24.7%	$9.6B+20.4%	$8.0B+19.3%	$6.7B+36.6%	$4.9B+31.9%	$3.7B
Cash & Equivalents	$3.2B+54.6%	$2.1B+11.5%	$1.9B+45.2%	$1.3B-9.0%	$1.4B+62.2%	$867.0M
Inventory	$583.0M+28.4%	$454.0M-11.3%	$512.0M-3.6%	$531.0M+32.8%	$400.0M+81.0%	$221.0M
Accounts Receivable	$5.3B+19.8%	$4.5B-4.7%	$4.7B+77.9%	$2.6B+19.2%	$2.2B+14.5%	$1.9B
Goodwill	$19.2B+36.2%	$14.1B-2.7%	$14.5B+64.8%	$8.8B-2.1%	$9.0B+35.3%	$6.6B
Total Liabilities	$92.6B+23.9%	$74.7B+11.9%	$66.8B+40.8%	$47.4B-0.3%	$47.6B+20.0%	$39.7B
Current Liabilities	$15.3B+40.0%	$10.9B-6.9%	$11.7B+39.7%	$8.4B-3.3%	$8.7B+56.8%	$5.5B
Long-Term Debt	$4.0B-11.9%	$4.5B+41.0%	$3.2B+5.3%	$3.0B-11.3%	$3.4B-4.8%	$3.6B
Total Equity	$35.5B+19.1%	$29.9B-12.2%	$34.0B+33.1%	$25.6B-3.2%	$26.4B+21.8%	$21.7B
Retained Earnings	-$6.1B-7.4%	-$5.7B-28.4%	-$4.4B-29.1%	-$3.4B-35.8%	-$2.5B+8.4%	-$2.8B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$128.2B+17.9%	$108.7B+3.9%	$104.6B+3.7%	$100.9B+0.1%	$100.8B+23.4%	$81.7B+11.9%	$73.0B-1.3%	$73.9B
Current Assets	$12.0B-1.5%	$12.2B+26.6%	$9.6B+28.9%	$7.5B-6.6%	$8.0B+26.7%	$6.3B-5.8%	$6.7B+14.8%	$5.8B
Cash & Equivalents	$3.2B+36.7%	$2.3B+13.1%	$2.1B+56.2%	$1.3B-28.6%	$1.9B+34.6%	$1.4B+7.9%	$1.3B-1.7%	$1.3B
Inventory	$583.0M+24.0%	$470.0M+3.5%	$454.0M-4.8%	$477.0M-6.8%	$512.0M+7.8%	$475.0M-10.5%	$531.0M+15.9%	$458.0M
Accounts Receivable	$5.3B+8.6%	$4.9B+10.3%	$4.5B-0.3%	$4.5B-4.5%	$4.7B+34.4%	$3.5B+32.3%	$2.6B+13.4%	$2.3B
Goodwill	$19.2B+32.1%	$14.5B+3.1%	$14.1B0.0%	$14.1B-2.6%	$14.5B+16.9%	$12.4B+41.0%	$8.8B-1.8%	$9.0B
Total Liabilities	$92.6B+17.2%	$79.0B+5.8%	$74.7B+5.6%	$70.8B+6.0%	$66.8B+25.9%	$53.0B+11.9%	$47.4B-0.9%	$47.9B
Current Liabilities	$15.3B+10.8%	$13.8B+26.3%	$10.9B+18.4%	$9.2B-21.3%	$11.7B+20.4%	$9.7B+16.1%	$8.4B-5.8%	$8.9B
Long-Term Debt	$4.0B-10.8%	$4.5B-1.2%	$4.5B+14.4%	$3.9B+23.3%	$3.2B+4.6%	$3.1B+0.6%	$3.0B-6.3%	$3.2B
Total Equity	$35.5B+19.9%	$29.6B-0.7%	$29.9B-0.9%	$30.1B-11.5%	$34.0B+18.8%	$28.6B+12.0%	$25.6B-1.9%	$26.0B
Retained Earnings	-$6.1B+3.0%	-$6.3B-10.8%	-$5.7B-12.1%	-$5.1B-14.6%	-$4.4B-18.0%	-$3.7B-9.5%	-$3.4B-19.4%	-$2.9B

BIP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$6.0B+28.3%	$4.7B+14.1%	$4.1B+30.2%	$3.1B+13.0%	$2.8B+9.6%	$2.5B
Capital Expenditures	$6.0B+21.1%	$5.0B+100.0%	$2.5B-10.4%	$2.8B+34.3%	$2.1B+40.4%	$1.5B
Free Cash Flow	-$53.0M+83.5%	-$322.0M-120.2%	$1.6B+346.9%	$356.0M-49.5%	$705.0M-33.4%	$1.1B
Investing Cash Flow	-$12.7B-83.5%	-$6.9B+46.9%	-$13.0B-286.0%	-$3.4B-186.9%	-$1.2B+74.5%	-$4.6B
Financing Cash Flow	$7.8B+199.3%	$2.6B-72.3%	$9.4B+16719.6%	$56.0M+105.6%	-$995.0M-146.8%	$2.1B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$1.2B	N/A	$1.1B	N/A	$970.0M	N/A	$734.0M
Capital Expenditures	N/A	$1.0B	N/A	$991.0M	N/A	$572.0M	N/A	$735.0M
Free Cash Flow	N/A	$169.0M	N/A	$66.0M	N/A	$398.0M	N/A	-$1.0M
Investing Cash Flow	N/A	-$460.0M	N/A	-$1.2B	N/A	$760.0M	N/A	-$584.0M
Financing Cash Flow	N/A	$105.0M	N/A	-$76.0M	N/A	-$1.9B	N/A	-$690.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BIP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.0%+3.0pp	8.0%-0.1pp	8.1%-1.4pp	9.5%-14.0pp	23.6%+13.4pp	10.2%
Return on Equity	7.1%+1.5pp	5.6%+1.4pp	4.3%-1.1pp	5.4%-4.9pp	10.3%+6.1pp	4.2%
Return on Assets	2.0%+0.4pp	1.6%+0.2pp	1.4%-0.4pp	1.9%-1.8pp	3.7%+2.2pp	1.5%
Current Ratio	0.78-0.1	0.88+0.2	0.68-0.1	0.80+0.2	0.57-0.1	0.67
Debt-to-Equity	0.11-0.0	0.15+0.1	0.09-0.0	0.12-0.0	0.13-0.0	0.17
FCF Margin	-0.2%+1.3pp	-1.5%-10.4pp	8.9%+6.4pp	2.5%-3.6pp	6.1%-5.8pp	11.9%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	4.6%	N/A	3.6%	N/A	18.2%	N/A	11.6%
Return on Equity	N/A	0.9%	N/A	0.6%	N/A	2.7%	N/A	1.6%
Return on Assets	N/A	0.2%	N/A	0.2%	N/A	0.9%	N/A	0.6%
Current Ratio	0.78-0.1	0.880.0	0.88+0.1	0.81+0.1	0.68+0.0	0.65-0.2	0.80+0.1	0.65
Debt-to-Equity	0.11-0.0	0.150.0	0.15+0.0	0.13+0.0	0.09-0.0	0.11-0.0	0.120.0	0.12
FCF Margin	N/A	3.1%	N/A	1.3%	N/A	9.3%	N/A	-0.0%

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Brookfield Infrast Partners Lp's annual revenue?

Brookfield Infrast Partners Lp (BIP) reported $23.1B in total revenue for fiscal year 2025. This represents a 9.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Infrast Partners Lp's revenue growing?

Brookfield Infrast Partners Lp (BIP) revenue grew by 9.8% year-over-year, from $21.0B to $23.1B in fiscal year 2025.

Is Brookfield Infrast Partners Lp profitable?

Yes, Brookfield Infrast Partners Lp (BIP) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 11.0%.

How much debt does Brookfield Infrast Partners Lp have?

As of fiscal year 2025, Brookfield Infrast Partners Lp (BIP) had $3.2B in cash and equivalents against $4.0B in long-term debt.

What is Brookfield Infrast Partners Lp's net profit margin?

Brookfield Infrast Partners Lp (BIP) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Infrast Partners Lp's return on equity (ROE)?

Brookfield Infrast Partners Lp (BIP) has a return on equity of 7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Infrast Partners Lp's free cash flow?

Brookfield Infrast Partners Lp (BIP) generated -$53.0M in free cash flow during fiscal year 2025. This represents a 83.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brookfield Infrast Partners Lp's operating cash flow?

Brookfield Infrast Partners Lp (BIP) generated $6.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Infrast Partners Lp's total assets?

Brookfield Infrast Partners Lp (BIP) had $128.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Infrast Partners Lp's capital expenditures?

Brookfield Infrast Partners Lp (BIP) invested $6.0B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Brookfield Infrast Partners Lp's current ratio?

Brookfield Infrast Partners Lp (BIP) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Brookfield Infrast Partners Lp's debt-to-equity ratio?

Brookfield Infrast Partners Lp (BIP) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Infrast Partners Lp's return on assets (ROA)?

Brookfield Infrast Partners Lp (BIP) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Infrast Partners Lp's Piotroski F-Score?

Brookfield Infrast Partners Lp (BIP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Infrast Partners Lp's earnings high quality?

Brookfield Infrast Partners Lp (BIP) has an earnings quality ratio of 2.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Brookfield Infrast Partners Lp?

Brookfield Infrast Partners Lp (BIP) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.