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Brookfield Infrastructure Partners vs Tidewater: revenue, profit, margins and growth compared

Brookfield Infrastructure Partners brought in $23.1B of revenue in fiscal 2025, Tidewater $1.4B in fiscal 2025. Revenue changed by +9.8% at Brookfield Infrastructure Partners and +0.5% at Tidewater on the year before, so Brookfield Infrastructure Partners grew faster. Brookfield Infrastructure Partners kept 11.0% of its revenue as net profit, Tidewater 24.7%. Free cash flow was -$53M at Brookfield Infrastructure Partners and $353.3M at Tidewater.

Side by side, latest fiscal year

BIPTDW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$23.1B$1.4B
Revenue growth+9.8%+0.5%
Net income$2.5B$334.7M
Net margin11.0%24.7%
Free cash flow-$53M$353.3M
Free cash flow margin-0.2%26.1%
Earnings per share (diluted)$0.90$6.64
Cash$3.2B$578.8M
Debtn/a$670.1M
Price to earningsn/a12.5
Market value$15.9B$4.1B
Dividend yieldn/an/a
Rank by revenue in sector#53 of 1065 · Consumer discretionary#435 of 1065 · Consumer discretionary

Over the years

Revenue
BIP FY2018: $4.7BBIP FY2019: $6.6BBIP FY2020: $8.9BBIP FY2021: $11.5BBIP FY2022: $14.4BBIP FY2023: $17.9BBIP FY2024: $21BBIP FY2025: $23.1BTDW FY2018: $406.5MTDW FY2019: $486.5MTDW FY2020: $397MTDW FY2021: $371MTDW FY2022: $647.7MTDW FY2023: $1BTDW FY2024: $1.3BTDW FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
BIP $23.1BTDW $1.4B
Net income
BIP FY2018: $806MBIP FY2019: $650MBIP FY2020: $904MBIP FY2021: $2.7BBIP FY2022: $1.4BBIP FY2023: $1.4BBIP FY2024: $1.7BBIP FY2025: $2.5BTDW FY2018: -$171.5MTDW FY2019: -$141.7MTDW FY2020: -$196.2MTDW FY2021: -$129MTDW FY2022: -$21.7MTDW FY2023: $97.2MTDW FY2024: $180.7MTDW FY2025: $334.7MFY18FY19FY20FY21FY22FY23FY24FY25
BIP $2.5BTDW $334.7M
Net margin
BIP FY2018: 17.3%BIP FY2019: 9.9%BIP FY2020: 10.2%BIP FY2021: 23.6%BIP FY2022: 9.5%BIP FY2023: 8.1%BIP FY2024: 8.0%BIP FY2025: 11.0%TDW FY2018: -42.2%TDW FY2019: -29.1%TDW FY2020: -49.4%TDW FY2021: -34.8%TDW FY2022: -3.4%TDW FY2023: 9.6%TDW FY2024: 13.4%TDW FY2025: 24.7%FY18FY19FY20FY21FY22FY23FY24FY25
BIP 11.0%TDW 24.7%
Revenue growth
BIP FY2019: +41.8%BIP FY2020: +34.7%BIP FY2021: +29.8%BIP FY2022: +25.0%BIP FY2023: +24.3%BIP FY2024: +17.3%BIP FY2025: +9.8%TDW FY2019: +19.7%TDW FY2020: -18.4%TDW FY2021: -6.5%TDW FY2022: +74.6%TDW FY2023: +55.9%TDW FY2024: +33.3%TDW FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25
BIP +9.8%TDW +0.5%
Free cash flow
BIP FY2018: $523MBIP FY2019: $961MBIP FY2020: $1.1BBIP FY2021: $705MBIP FY2022: $356MBIP FY2023: $1.6BBIP FY2024: -$322MBIP FY2025: -$53MTDW FY2018: -$17.5MTDW FY2019: -$49.4MTDW FY2020: -$10.9MTDW FY2021: $6.1MTDW FY2022: $23.6MTDW FY2023: $72.6MTDW FY2024: $254.9MTDW FY2025: $353.3MFY18FY19FY20FY21FY22FY23FY24FY25
BIP -$53MTDW $353.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Brookfield Infrastructure Partners and Tidewater

Which is bigger by revenue, Brookfield Infrastructure Partners or Tidewater?

Brookfield Infrastructure Partners is bigger by revenue: $23.1B in fiscal 2025, against $1.4B for Tidewater in fiscal 2025.

Which keeps more of its revenue as profit, Brookfield Infrastructure Partners or Tidewater?

Brookfield Infrastructure Partners had a net margin of 11.0% in fiscal 2025; Tidewater had 24.7% in fiscal 2025.

Which grew revenue faster, Brookfield Infrastructure Partners or Tidewater?

In their latest fiscal years revenue changed by +9.8% at Brookfield Infrastructure Partners and +0.5% at Tidewater.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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