Saturday 17 October 2026
Export BIP’s income statement to Excel — free account
Brookfield Infrastructure Partners LP
BIP Utilities Utilities Diversified
Brookfield Infrastructure Partners LP’s revenue for fiscal 2025 (year ended December 2025) was $23.1 billion, up 9.80% from fiscal 2024. In the quarter to June 2026, revenue grew 19.4%, EPS fell 133.3%, free cash flow grew 17.5% and total debt rose 18.7%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.
37.45
0.18
+0.48%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
26.65 | 0.00 | 52.25 | 637.26 | 145.26 | 34.95 | 229.11 | 222.21 | 794.75 | 38.60 |
Piotroski F-Score |
6 | 6 | 5 | 6 | 6 | 6 | 6 | 4 | 5 | 6 |
P/S ratio |
3.45 | 2.98 | 1.83 | 1.93 | 1.64 | 1.56 | 0.99 | 0.80 | 0.70 | 0.69 |
P/FCF ratio |
104.35 | 12.96 | 15.63 | 12.76 | 13.19 | 22.84 | 36.14 | 8.15 | 0.00 | 59.64 |
P/Operating CF |
82.07 | 20.72 | 22.70 | 30.87 | 34.91 | 31.94 | 14.55 | 9.59 | 9.40 | 7.82 |
Beneish M-Score |
(1.96) | (1.99) | (2.18) | (2.05) | (2.12) | (2.40) | (2.40) | (1.87) | (2.68) | (2.48) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 12 |
P/B ratio |
0.79 | 0.82 | 0.62 | 0.60 | 0.71 | 0.71 | 0.58 | 0.43 | 0.51 | 0.46 |
Price to Tangible BV |
1.70 | 6.26 | 0.00 | 42.08 | 6.80 | 8.76 | 3.56 | 5.17 | 46.88 | 0.00 |
EV/Sales |
6.90 | 5.70 | 4.87 | 4.93 | 4.07 | 3.91 | 2.90 | 3.20 | 3.00 | 3.32 |
EV/EBITDA |
16.48 | 11.27 | 10.21 | 11.12 | 9.70 | 9.18 | 7.43 | 8.45 | 7.33 | 7.82 |
EV/Operating CF |
19.39 | 13.60 | 16.65 | 15.17 | 14.30 | 16.29 | 13.39 | 14.05 | 13.55 | 12.86 |
EV/FCF |
208.62 | 24.75 | 41.53 | 32.54 | 32.76 | 57.15 | 105.57 | 32.70 | (34.00) | 286.45 |
Quick Ratio |
1.01 | 0.90 | 0.88 | 0.59 | 0.63 | 0.50 | 0.63 | 0.64 | 0.66 | 0.59 |
Current Ratio |
1.08 | 0.97 | 0.94 | 1.07 | 0.67 | 0.57 | 0.80 | 0.68 | 0.88 | 0.78 |
Net Debt/EBITDA |
8.24 | 5.37 | 6.37 | 6.76 | 5.79 | 5.51 | 4.89 | 6.34 | 5.62 | 6.19 |
Debt/Assets |
39.14% | 34.48% | 41.30% | 37.33% | 37.79% | 39.55% | 41.43% | 45.46% | 48.85% | 50.33% |
Debt/Equity |
0.86 | 0.75 | 1.03 | 0.95 | 1.07 | 1.11 | 1.18 | 1.35 | 1.71 | 1.81 |
Asset Turnover |
0.11 | 0.14 | 0.14 | 0.14 | 0.15 | 0.17 | 0.20 | 0.21 | 0.20 | 0.20 |
Operating CF/Net income |
2.64 | 134.64 | 7.09 | 41.21 | 17.94 | 4.99 | 31.00 | 39.98 | 81.63 | 13.30 |
Capex/Depreciation |
(1.53) | (0.99) | (1.02) | (0.94) | (0.84) | (0.97) | (1.27) | (0.85) | (1.20) | (1.42) |
Interest Coverage |
1.12 | 2.61 | 2.56 | 1.89 | 1.72 | 1.96 | 1.88 | 1.62 | 1.46 | 1.50 |
| 3.51% | 0.10% | 1.44% | 0.30% | 0.67% | 2.43% | 0.40% | 0.35% | 0.18% | 1.41% | |
| 1.46% | 0.04% | 0.58% | 0.11% | 0.24% | 0.82% | 0.14% | 0.12% | 0.06% | 0.39% | |
ROIC |
1.62% | 3.02% | 3.08% | 2.55% | 2.92% | 3.37% | 4.10% | 3.28% | 3.96% | 3.76% |
Return on Tangible Assets |
3.25% | 0.11% | 1.52% | 0.22% | 0.47% | 1.59% | 0.28% | 0.23% | 0.12% | 0.71% |
Average Days of Receivables |
86.98 | 86.53 | 91.88 | 108.44 | 79.08 | 69.73 | 66.49 | 95.18 | 77.29 | 84.31 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.85% | 6.76% | 4.79% | 4.23% | 3.51% | 3.52% | 3.00% | 2.30% | 1.92% | 1.84% |
Intangible Assets out of Total Assets |
0.23 | 0.38 | 0.42 | 0.37 | 0.30 | 0.31 | 0.28 | 0.30 | 0.27 | 0.27 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.37) | (1.37) | (2.30) | (2.22) | (2.47) | (2.36) | (2.84) | (4.11) | (4.44) | (5.04) |
Graham Number |
20.60 | 0.00 | 17.10 | 7.22 | 15.40 | 38.48 | 12.86 | 15.06 | 7.51 | 39.14 |
Earnings Yield |
3.75% | (0.10%) | 1.91% | 0.16% | 0.69% | 2.86% | 0.44% | 0.45% | 0.13% | 2.59% |
Free Cash Flow Yield |
0.96% | 7.72% | 6.40% | 7.84% | 7.58% | 4.38% | 2.77% | 12.27% | (12.63%) | 1.68% |
Revenue per Share |
5.76 | 8.91 | 11.20 | 15.40 | 20.10 | 25.92 | 31.49 | 39.03 | 45.58 | 50.21 |
Operating CF per Share |
2.05 | 3.73 | 3.28 | 5.00 | 5.72 | 6.23 | 6.83 | 8.88 | 10.08 | 12.98 |
Capex per Share |
(1.86) | (1.68) | (1.96) | (2.67) | (3.23) | (4.45) | (5.97) | (5.06) | (9.46) | (12.40) |
Free Cash Flow per Share |
0.19 | 2.05 | 1.31 | 2.33 | 2.50 | 1.77 | 0.87 | 3.82 | 0.62 | 0.58 |
Cash per Share |
2.80 | 1.43 | 2.32 | 2.94 | 3.54 | 4.82 | 5.83 | 6.08 | 5.94 | 8.07 |
Shareholders Equity per Share |
26.27 | 33.95 | 35.31 | 51.77 | 49.03 | 59.29 | 55.78 | 74.04 | 64.67 | 77.24 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
26.27 | 33.95 | 35.31 | 51.77 | 49.03 | 59.29 | 55.78 | 74.04 | 64.67 | 77.24 |
Free Cash Flow |
70.00 | 814.00 | 546.00 | 999.00 | 1,104.00 | 790.00 | 397.00 | 1,753.00 | 287.00 | 268.00 |
Working Capital |
117.00 | (52.00) | (141.00) | 402.00 | (1,813.00) | (3,765.00) | (1,691.00) | (3,726.00) | (1,296.00) | (3,282.00) |
Capital Expenditures |
(683.00) | (667.00) | (816.00) | (1,144.00) | (1,426.00) | (1,982.00) | (2,734.00) | (2,325.00) | (4,366.00) | (5,703.00) |
Net Current Asset Value |
(9,999.00) | (14,491.00) | (19,636.00) | (28,290.00) | (35,947.00) | (42,674.00) | (40,729.00) | (58,789.00) | (65,130.00) | (80,632.00) |
EV/EBIT |
33.26 | 18.05 | 15.97 | 19.02 | 17.86 | 15.66 | 12.03 | 14.16 | 12.71 | 13.24 |
Capex to Sales |
0.32 | 0.19 | 0.18 | 0.17 | 0.16 | 0.17 | 0.19 | 0.13 | 0.21 | 0.25 |
Price to Operating Income |
16.64 | 9.45 | 6.01 | 7.46 | 7.19 | 6.26 | 4.12 | 3.53 | 2.96 | 2.76 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.06 |
Cash ROIC |
0.37% | 3.36% | 1.78% | 2.25% | 2.38% | 1.37% | 0.68% | 2.12% | 0.34% | 0.26% |
Accounts Receivable Turnover |
5.12 | 5.27 | 4.63 | 4.21 | 4.57 | 5.59 | 5.97 | 4.91 | 4.61 | 4.72 |
Accounts Payable Turnover |
1.79 | 1.92 | 2.03 | 1.83 | 2.30 | 2.26 | 2.47 | 2.73 | 2.81 | 2.67 |
Inventory Turnover |
18.65 | 14.44 | 17.73 | 17.73 | 28.29 | 26.56 | 22.58 | 25.83 | 32.46 | 32.55 |
Average Days of Payables |
244.48 | 208.99 | 216.22 | 259.10 | 182.67 | 177.88 | 155.52 | 146.38 | 134.07 | 149.08 |
Days of Inventory on Hand |
34.68 | 26.12 | 23.31 | 26.02 | 12.32 | 17.70 | 18.44 | 13.87 | 10.57 | 12.61 |
Average Receivables |
413.00 | 671.00 | 1,004.50 | 1,565.50 | 1,942.50 | 2,064.50 | 2,416.00 | 3,652.00 | 4,565.50 | 4,895.50 |
Average Payables |
593.00 | 788.00 | 1,086.00 | 1,859.00 | 2,843.50 | 3,648.00 | 4,248.50 | 4,940.00 | 5,580.00 | 6,325.50 |
Average Inventory |
57.00 | 104.50 | 124.50 | 191.50 | 231.50 | 310.50 | 465.50 | 521.50 | 483.00 | 518.50 |
Average Assets |
19,505.00 | 25,376.00 | 33,028.50 | 46,444.00 | 58,819.50 | 67,646.00 | 73,465.00 | 86,876.50 | 102,687.00 | 116,370.00 |
Average Common Equity |
8,128.00 | 11,074.00 | 13,305.50 | 17,487.00 | 20,892.50 | 22,898.00 | 24,944.50 | 28,867.00 | 31,016.50 | 31,873.00 |
Columns are period end dates