Loading…
Class A shares of Brookfield Infrastructure, which owns and operates global utilities, transport, midstream and data infrastructure assets.
Class A shares of Brookfield Infrastructure, which owns and operates global utilities, transport, midstream and data infrastructure assets.
These shares are economically equivalent to units of Brookfield Infrastructure Partners and exchangeable into them, paying the same distribution; the corporate form exists so investors who avoid partnership tax forms can hold the same business. The assets earn regulated tariffs and long-term contract fees, many linked to inflation. Brookfield manages the group for a fee.
In one line: A diversified global infrastructure owner-operator.
Moat: narrow (regulatory licence, installed base, scale). Diversified portfolio of regulated/contracted infrastructure assets provides stable, monopoly-like cash flows across sectors.
Headquarters: Toronto, Canada · Founded: 2020
Size Brookfield Infrastructure (BIPC.TO) is a Canada Utilities company (Gas Distributors) with a market value of $4.91B, the 121st largest of 420 Canada companies the cockpit tracks. Shares closed at C$55.89 on 6 Nov 2026.
Performance Over six months the shares gained 4.7%, against -2.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 5.7% over the last twelve months (peer median +0.6%); the operating margin is 60.2% (peer median 18.3%).
Valuation It trades at 22.0× forward earnings against a peer median of 16.2× (most expensive of 21).
Capital Return on invested capital runs 5.0 points above its cost of capital (6.1% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$5.25B | C$5.04B | C$5.28B | C$3.32B | C$2.56B |
| Revenue growth | — | -5% | +59% | +30% | — |
| Gross profit | C$3.28B | C$3.21B | C$3.29B | C$2.29B | C$1.82B |
| EBITDA | C$4.07B | C$4.01B | C$4.30B | C$2.68B | C$2.01B |
| Net income | -C$494M | -C$331M | -C$875M | C$147M | C$1.48B |
| Free cash flow | -C$390M | C$2.75M | C$489M | C$616M | C$499M |
| Capital expenditure | C$2.58B | C$2.21B | C$2.02B | C$787M | C$712M |
| Total debt | C$18.3B | C$18.2B | C$17.7B | C$16.0B | C$6.24B |
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 BIPC.TO | $4.91B | +5% | +6% | 60% | 22.0× | 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 |
| NextEra Energy NEE | $182B | -6% | +13% | 30% | 21.0× | 18.8% |
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 | BIPC.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.2% | +3.0% | 10th highest of 21 |
| 6-month return | +4.7% | -2.5% | 6th highest of 21 |
| Distance from 52-week high | -20.2% | -14.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +5.7% | +0.6% | 7th highest of 21 |
| Operating margin | 60.2% | 18.3% | highest of 21 |
| Forward P/E | 22.0× | 16.2× | most expensive of 21 |
| ROIC minus cost of capital | +5.0 pp | -1.1 pp | 3rd highest of 21 |
| EV / EBITDA | 7.1× | 10.7× | 5th cheapest of 18 |
| Net debt / EBITDA | 4.2× | 4.4× | 9th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Brookfield Infrastructure BIPC.TO | Canada | $4.91B | +5% | +6% | 60% | 22.0× | n/a | n/a |
| Beijing Enterprises 0392.HK | Hong Kong | $4.93B | -3% | +5% | 4% | 6.3× | 7.7% | +6.7% |
| China Resources Gas 1193.HK | Hong Kong | $4.77B | -13% | +1% | 6% | 10.7× | 1.8% | +11.8% |
| ONE Gas OGS | United States | $5.09B | -5% | -2% | 21% | 16.6× | n/a | n/a |
| Enagas ENG.MC | Spain | $5.22B | +7% | -2% | 21% | 19.4× | 15.0% | -2.2% |
| Spire SR | United States | $5.25B | +4% | +4% | 20% | 17.9× | n/a | n/a |
| New Jersey Resources NJR | United States | $5.51B | -2% | +7% | 24% | 16.6× | n/a | n/a |
| Excelerate Energy EE | United States | $4.17B | +9% | +49% | 22% | 18.6× | 18.1% | +23.3% |
| MDU Resources MDU | United States | $3.92B | -17% | -30% | 17% | 18.9× | n/a | n/a |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS TGS | United States | $3.80B | -27% | +11% | 44% | 8.2× | -14.6% | +11.8% |
| Black Hills BKH | United States | $6.47B | +13% | +3% | 24% | 18.2× | n/a | n/a |
| Southwest Gas SWX | United States | $6.62B | +2% | -57% | 29% | 18.9× | n/a | n/a |
| China Gas 0384.HK | Hong Kong | $3.52B | -31% | -7% | 8% | 9.9× | 3.8% | +1.0% |
| Enn Energy 2688.HK | Hong Kong | $7.02B | -17% | +6% | 7% | 7.6× | -3.4% | +8.6% |
| China Suntien Green Energy 600956.SS | China | $3.40B | -18% | -12% | 13% | 15.9× | n/a | n/a |
| Chesapeake Utilities CPK | United States | $3.38B | +11% | +15% | 27% | 20.4× | n/a | n/a |
| DCC Energy DCC.L | United Kingdom | $7.41B | +13% | -14% | 3% | 12.7× | 7.1% | +2.9% |
| KunLun Energy 0135.HK | Hong Kong | $8.35B | +1% | +6% | 5% | 9.5× | -13.0% | +11.4% |
| TOHO GAS 9533.T | Japan | $2.83B | +3% | -2% | 1% | 21.3× | 24.6% | +8.4% |
| Shenzhen Gas 601139.SS | China | $2.79B | -7% | -1% | 7% | 10.7× | -9.2% | +14.7% |
| Centrica CNA.L | United Kingdom | $9.23B | -25% | 0% | 23% | 13.1× | n/a | n/a |