Brookfield Infrastructure Corp financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Brookfield Infrastructure Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,561	1,619	1,430	1,643	1,886	2,503	3,666	3,668
Cost of revenue	236	552	527	526	542	778	1,378	1,334
Gross profit	1,325	1,067	903	1,117	1,344	1,725	2,288	2,334
Selling, general and administrative	24	30	33	49	69	67	75	80
Operating income	982	1,037	870	1,068	1,275	1,658	2,213	2,254
Pre-tax income	815	842	37	432	1,881	974	437	1,085
Income tax	234	272	269	405	262	368	365	385
Net income to minority interests	379	373	320	395	525	495	680	941
Net income	202	197	-552	-368	1,094	111	-608	-241
EBITDA	1,301	1,345	1,153	1,304	1,486	2,023	2,988	2,922

Balance sheet

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	99	204	192	469	445	539	674	431
Receivables		390	394	448	499	939	786	928
Total current assets		594	586	2,010	1,567	2,804	4,764	2,946
Property, plant and equipment	3,677	4,497	5,111	4,803	4,718	14,151	12,572	14,198
Goodwill		667	528	489	518	1,726	1,609	1,680
Intangible assets		3,936	2,948	2,687	2,847	3,699	2,892	3,102
Total assets		9,853	9,344	10,086	10,178	23,909	23,587	24,025
Accounts payable		487	505	605	781	1,099	994	1,208
Total current liabilities		493	2,760	6,197	4,633	6,359	7,648	7,668
Total liabilities		6,576	9,916	11,510	10,539	19,841	21,365	22,020
Shareholders' equity		1,654	-1,722	-2,127	-1,119	-399	-1,253	-1,299
Minority interests		1,623	1,150	703	758	4,467	3,475	3,304
Total equity	3,249	3,277	-572	-1,424	-361	4,068	2,222	2,005
Total liabilities and equity		9,853	9,344	10,086	10,178	23,909	23,587	24,025

Cash flow statement

	FY2018	FY2020	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	581	570	-232	27	1,619	606	72	700
Depreciation and amortization	319	308	283	236	211	365	775	668
Cash from operations	1,065	1,083	730	839	893	1,059	1,743	1,608
Capital expenditures						-594	-1,403	-1,606
Cash from investing	-435	-441	-399	326	-1,047	-3,174	-1,110	-612
Debt repaid				-887
Stock issued					0	0	1	0
Dividends paid		0	-66	-115	-158	-178	-213	-228
Cash from financing	-568	-514	-317	-868	-4	2,183	-428	-1,291
Exchange rate effect	-41	-23	-26	-20	134	26	-70	52
Free cash flow						465	340	2
Interest paid	136	161	222	261	554	678	954	1,055

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $34.96 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	63.6%	Gross profit / revenue.
Operating margin	61.5%	Operating income / revenue.
EBITDA margin	79.7%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	29.6%	Pre-tax income / revenue.
Net margin	-6.6%	Net income / revenue.
FCF margin	0.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	43.8%	Cash from operations / revenue.
Effective tax rate	35.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	-1.0%	Net income / average total assets.
SG&A / revenue	2.2%	Selling, general and administrative expense / revenue.
Capex / revenue	43.8%	Capital expenditures / revenue.
D&A / revenue	18.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	0.1%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	24.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	20.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	2.0%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	20.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	20.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	1.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	20.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	21.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-2.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	25.3%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	20.4%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-7.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	21.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	17.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-99.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	1.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	33.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	20.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.38x	Current assets / current liabilities.
Quick ratio	0.18x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.06x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	91.7%	Total liabilities / total assets.
Working capital	-$4.72B	Current assets - current liabilities.
Goodwill and intangibles / assets	19.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$6.08B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.15x	Revenue / average total assets.
Fixed asset turnover	0.27x	Revenue / average property, plant and equipment.
Receivables turnover	4.28x	Revenue / average receivables.
Days sales outstanding	85 days	365 x average receivables / revenue.
Days payables	301 days	365 x average accounts payable / cost of revenue.
Capex / operating cash flow	99.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Dividends / FCF	11,400.0%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.30B	Share price x shares outstanding.
Enterprise value	$3.87B	Market cap + total debt - cash - short-term investments.
P/S	1.17x	Market cap / revenue.
P/FCF	2,150x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	2.67x	Market cap / cash from operations, when positive.
EV/Sales	1.05x	Enterprise value / revenue.
EV/EBIT	1.72x	Enterprise value / operating income, when both are positive.
EV/EBITDA	1.32x	Enterprise value / EBITDA, when both are positive.
EV/FCF	1,935x	Enterprise value / free cash flow, when both are positive.
FCF yield	0.0%	Free cash flow / market cap.
Earnings yield	-5.6%	Net income / market cap (the inverse of P/E).
Dividend yield	5.3%	Dividends paid over the period / market cap.
Shareholder yield	5.3%	(Dividends paid + share buybacks) / market cap.

What was Brookfield Infrastructure Corp's revenue in fiscal 2025?

Brookfield Infrastructure Corp reported revenue of $3.67B for fiscal 2025, 0.1% higher than the year before.

Was Brookfield Infrastructure Corp profitable in fiscal 2025?

No. It reported a net loss of $241.0M.

How much free cash flow did Brookfield Infrastructure Corp generate in fiscal 2025?

Cash from operations of $1.61B minus capital expenditures of $1.61B left free cash flow of $2.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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