Saturday 17 October 2026 Export BIP’s income statement to Excel — free account

Brookfield Infrastructure Partners LP

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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Market cap: $24.3B
P/E: 60.4×
Fwd P/E: 33.4×
Dividend yield: 4.79%
F-score: 6/9
Altman Z: n/a
Beneish M: −2.48
Dividend safety: 12/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 24,250.00

Revenue 25,062.00

Net Income 2,391.00

Free Cash Flow (901.00)

Net Debt 58,953.00

Current Ratio 0.89

Debt/Equity 1.92

P/E ratio 60.40

Fwd P/E 33.40

P/S ratio 0.51

P/B ratio 0.40

Past 5Y EPS Growth 31.00%

This Y EPS Growth (36.90%)

Next Y EPS Growth 88.15%

Next Y revenue growth (27.44%)

Next 5Y EPS Growth (5.94%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 45.35%

10-year low 10-year high

P/S against its own 10 years 3.83%

10-year low 10-year high

P/B against its own 10 years 7.00%

10-year low 10-year high

EV/Sales against its own 10 years 3.83%

10-year low 10-year high

Dividends

Payout Ratio 2.90

Annual Dividend Rate 1.80

Annual Dividend Yield 4.79%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.37	0.46 0.46 0.46
2025	1.34	0.43 0.43 0.43 0.43
2024	1.62	0.41 0.41 0.41 0.41
2023	1.53	0.38 0.38 0.38 0.38
2022	1.44	0.36 0.36 0.36 0.36
2021	1.87	0.34 0.34 0.51 0.34 0.34
2020	1.29	0.32 0.32 0.32 0.32
2019	1.70	0.30 0.30 0.30 0.30 0.50
2018	1.12	0.28 0.28 0.28 0.28
2017	1.47	0.26 0.26 0.44 0.26 0.26
2016	1.26	0.34 0.34 0.35 0.23

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,791	2,740	3,713	3,512
Receivables	4,676	4,455	5,336	5,528
Inventory	512	454	583	558
Other	—	1,958	2,346	1,336
	7,979	9,607	11,978	10,934

	2023	2024	2025	Q'26
Payables	5,402	5,758	6,893	6,745
ST’ Debt	5,959	3,688	6,748	4,241
Other	344	1,457	1,619	1,319
	11,705	10,903	15,260	12,305

Compound Annual Growth %

	10y	5y	3y
Sales	28.68%	21.06%	16.99%
Cash Flow	25.18%	18.74%	24.01%
Earnings	10.46%	26.07%	64.43%
Book Value	17.35%	10.40%	11.62%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,301	6,482	—	—	—
’25	5,392	5,429	5,975	6,304	23,100
’24	5,187	5,138	5,270	5,444	21,039
’23	4,218	4,256	4,487	4,970	17,931
’22	3,411	3,681	3,627	3,708	14,427
’21	2,683	2,663	2,939	3,252	11,537
’20	2,196	1,946	2,209	2,534	8,885

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	893	1,493	—	—	—
’25	868	1,189	1,870	2,044	5,971
’24	841	1,057	1,194	1,561	4,653
’23	517	970	1,100	1,491	4,078
’22	735	734	676	986	3,131
’21	726	564	917	565	2,772
’20	722	615	776	417	2,530

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,139)	269	—	—	—
’25	70	229	(174)	143	268
’24	(1,300)	(1,288)	329	405	287
’23	(4,671)	5,162	484	778	1,753
’22	103	53	(398)	639	397
’21	309	2,701	(1,691)	(529)	790
’20	1,068	349	(2,957)	2,644	1,104

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.20)	(0.07)	—	—	—
’25	0.04	(0.03)	0.44	0.45	0.90
’24	0.10	(0.10)	(0.18)	0.22	0.04
’23	(0.07)	0.38	0.03	(0.20)	0.14
’22	(0.01)	0.13	0.05	(0.03)	0.14
’21	0.18	0.41	0.48	0.09	1.16
’20	0.09	(0.14)	(0.08)	0.39	0.23

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.10	19.76	19.20	20.27	15.34	32.17	30.03	21.03	24.84	25.72	Analyst estimates 2026–2028 Powerpack
	High	20.85	27.90	26.72	31.45	35.15	41.13	46.01	37.32	36.50	36.58
People
People	Employees	—	—	—	—	41,000	44,000	52,000	52,000	61,000	64,000
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.22	0.26	0.28	0.34	0.34	0.36
Income, $m
Income, $m	Revenue	2,115	3,535	4,652	6,597	8,885	11,537	14,427	17,931	21,039	23,100
	Gross margin, %	49.74	57.31	52.54	48.54	26.30	28.52	27.15	24.88	25.49	26.94
	EBT	543	747	1,170	928	1,195	3,333	1,935	2,029	1,953	3,121
	EBT margin, %	25.67	21.13	25.15	14.07	13.45	28.89	13.41	11.32	9.28	13.51
	Net income	528	574	806	650	904	2,719	1,375	1,448	1,683	2,532
	Depreciation	447	671	801	1,214	1,705	2,036	2,158	2,739	3,644	4,024
Per share, $
Per share, $	Revenue	5.76	8.91	11.20	15.40	20.10	25.92	31.49	39.03	45.58	50.21
	Earnings	0.75	(0.03)	0.39	0.05	0.23	1.16	0.14	0.14	0.04	0.90
	Cash flow	2.05	3.73	3.28	5.00	5.72	6.23	6.83	8.88	10.08	12.98
	Capex	(1.86)	(1.68)	(1.96)	(2.67)	(3.23)	(4.45)	(5.97)	(5.06)	(9.46)	(12.40)
	Free cash flow	0.19	2.05	1.31	2.33	2.50	1.77	0.87	3.82	0.62	0.58
	Book value	26.27	33.95	35.31	51.77	49.03	59.29	55.78	74.04	64.67	77.24
	Shares, m	367	397	415	428	442	445	458	459	462	460
Valuation, ×
Valuation, ×	P/E	26.65	0.00	52.25	637.26	145.26	34.95	229.11	222.21	794.75	38.60
	P/S	3.45	2.98	1.83	1.93	1.64	1.56	0.99	0.80	0.70	0.69
	P/B	0.79	0.82	0.62	0.60	0.71	0.71	0.58	0.43	0.51	0.46
	EV/Sales	6.90	5.70	4.87	4.93	4.07	3.91	2.90	3.20	3.00	3.32
	EV/FCF	208.62	24.75	41.53	32.54	32.76	57.15	105.57	32.70	(34.00)	286.45
Cash, $m
Cash, $m	Operating cash flow	753	1,481	1,362	2,143	2,530	2,772	3,131	4,078	4,653	5,971
	Capex	(683)	(667)	(816)	(1,144)	(1,426)	(1,982)	(2,734)	(2,325)	(4,366)	(5,703)
	Free cash flow	70	814	546	999	1,104	790	397	1,753	287	268
Balance, $m
Balance, $m	Working capital	117	(52)	(141)	402	(1,813)	(3,765)	(1,691)	(3,726)	(1,296)	(3,282)
	Total debt	8,326	10,164	15,106	21,019	23,178	29,253	30,233	45,815	51,094	64,498
	Net debt	7,299	9,598	14,142	19,760	21,613	27,107	27,562	43,024	48,354	60,785
	Shareholders’ equity	9,644	13,474	14,668	22,177	21,673	26,391	25,554	34,016	29,853	35,540
Returns, %
Returns, %	ROA	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
	ROE	3.51	0.10	1.44	0.30	0.67	2.43	0.40	0.35	0.18	1.41

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SRE Sempra	$53.6B	24.0×	17.8×	−0.10% (below 0%: shrinking)	+71.83% (above 0%: growing)	+39.61% (above 0%: growing)	96.40%	27.76%	Compare
BIP Brookfield Infrastructure Partners LP	$24.3B	60.4×	33.4×	+19.40% (above 0%: growing)	n/m	+17.47% (above 0%: growing)	24.53%	22.77%
AES The AES Corporation	$10.7B	5.7×	7.3×	+19.86% (above 0%: growing)	n/m	−67.70% (below 0%: shrinking)	20.22%	13.12%	Compare
ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR	$10.2B	20.0×	—	—	+100.00% (above 0%: growing)	—	—	—	Compare
AVA Avista Corporation	$3.0B	13.2×	16.3×	+0.49% (above 0%: growing)	+152.94% (above 0%: growing)	+47.57% (above 0%: growing)	100.00%	13.08%	Compare
UTL Unitil Corporation	$972.6M	17.1×	15.7×	+14.04% (above 0%: growing)	+4.00% (above 0%: growing)	+505.00% (above 0%: growing)	61.71%	13.16%	Compare
Median of peers	$10.2B	17.1×	16.0×	+7.26%	+85.92%	+43.59%	79.06%	13.14%

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