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Owns and operates global infrastructure assets—utilities, transport, midstream energy and data infrastructure—managed by Brookfield.
Owns and operates global infrastructure assets—utilities, transport, midstream energy and data infrastructure—managed by Brookfield.
Buys infrastructure assets, usually alongside Brookfield's institutional investors, then sells mature ones to fund new purchases, so distributions come partly from asset recycling. Brookfield Asset Management runs it for a fee based on its value and also receives a share of cash distributions above set levels. Most assets earn regulated or contracted income.
Moat: narrow (scale, regulatory licence, installed base). Regulated or contracted infrastructure assets with high replacement cost and long-term contracts.
Headquarters: Hamilton, Bermuda · Founded: 2008
Size Brookfield Infrastructure Partners L.P (BIP) is a United States Utilities company (Alternative Power Generation) with a market value of $25.6B, the 418th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.45 on 6 Nov 2026.
Performance Over six months the shares gained 7.3%, against -16.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 10 in its peer set.
Growth Revenue grew 16.4% over the last twelve months (peer median +20.3%); the operating margin is 24.8% (peer median 27.0%).
Valuation It trades at 71.0× forward earnings against a peer median of 33.4× (2nd most expensive of 9).
Capital Return on invested capital runs 1.8 points below its cost of capital (6.7% WACC).
Short interest Short interest is 0.7% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $25.1B | $23.1B | $21.0B | $17.9B | $14.4B |
| Revenue growth | — | +10% | +17% | +24% | — |
| Gross profit | $6.65B | $6.22B | $5.36B | $4.46B | $3.92B |
| EBITDA | $10.5B | $9.82B | $8.60B | $6.79B | $5.64B |
| Net income | $319M | $449M | $57.0M | $102M | $101M |
| Free cash flow | -$1.24B | -$53.0M | -$322M | $1.59B | $356M |
| Capital expenditure | $7.54B | $6.02B | $4.97B | $2.49B | $2.77B |
| Total debt | $66.8B | $69.1B | $56.2B | $49.5B | $33.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Brookfield Infrastructure Partners L.P BIP | $25.6B | +7% | +16% | 25% | 71.0× | n/a |
| Brookfield Renewable BEPC | $4.79B | -13% | +6% | 19% | 249.6× | n/a |
| American Tower AMT | $87.6B | +8% | +5% | 44% | 27.8× | n/a |
| Ferrovial FER.MC | $42.3B | -10% | +5% | 10% | 55.5× | 21.9% |
| Vinci DG.PA | $69.8B | -12% | +4% | 12% | 12.2× | -1.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BIP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.9% | +1.8% | 3rd highest of 10 |
| 6-month return | +7.3% | -16.4% | highest of 10 |
| Distance from 52-week high | -10.4% | -26.8% | highest of 10 |
| Revenue growth (TTM) | +16.4% | +20.3% | 5th lowest of 10 |
| Operating margin | 24.8% | 27.0% | 5th lowest of 10 |
| Forward P/E | 71.0× | 33.4× | 2nd most expensive of 9 |
| ROIC minus cost of capital | -1.8 pp | -3.2 pp | 4th highest of 10 |
| EV / EBITDA | 11.2× | 22.4× | cheapest of 7 |
| Net debt / EBITDA | 6.1× | 8.3× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Brookfield Infrastructure Partners L.P BIP | United States | $25.6B | +7% | +16% | 25% | 71.0× | n/a | n/a |
| Adani Green Energy ADANIGREEN.NS | India | $24.7B | +4% | +21% | 61% | 87.9× | n/a | n/a |
| Huadian New Energy 600930.SS | China | $24.5B | -35% | +32% | 27% | 27.1× | n/a | n/a |
| Talen Energy TLN | United States | $14.7B | -12% | +20% | 20% | 13.0× | 21.1% | -10.0% |
| China Three Gorges Renewables (Group) 600905.SS | China | $14.7B | -16% | -8% | 17% | 39.8× | n/a | n/a |
| China Longyuan Power 0916.HK | Hong Kong | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% | +0.2% |
| Enlight Renewable Energy ENLT | United States | $9.57B | -25% | +29% | 51% | n/a | n/a | n/a |
| Corporacion Acciona Energias Renovables ANE.MC | Spain | $8.06B | -7% | -14% | 18% | 21.1× | n/a | n/a |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |