Also trades as: BIP-UN.TO (TSX) · $vol 16M · BIP-PB (NYSE) · $vol 0M · BIP-PA (NYSE) · $vol 0M · BIP-PD.TO (TSX) · $vol 0M · BIP-PE.TO (TSX) · $vol 0M

$36.61

-0.14 (-0.38%)

After Hours: $36.89 (+0.28, +0.76%)

Weekly Expected Move ±3.3%

$35 $36 $37 $38 $39

NYSE · Utilities · Diversified Utilities · Tech Score Buy · Power 60 · $16.9B mcap · 454M float · 0.186% daily turnover · Short 29% of daily vol

Credit Risk of going bust: lower than 54% of companies Debt: 79.8% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.01 (down 89%), Brookfield Infrastructure Partners L.P. would be worth roughly what it owes.
Total debt $66.79B against a stock market value of $16.92B.
Distance to default 5.53 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $33.35B (short-term plus half of long-term), stock volatility 22.0%; Altman Z'' -0.12. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$23.1B +9.8% ▲

5Y CAGR: +21.1%

Gross Profit

$6.2B +16.1% ▲

5Y CAGR: +21.6%

Operating Income

$5.8B +16.9% ▲

Net Income

$449M +27.9% ▲

5Y CAGR: +6.7%

EPS (Diluted)

$0.98 +716.7% ▲

5Y CAGR: +33.6%

EBITDA

$11.0B +27.5% ▲

5Y CAGR: +22.8%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$11.5B	$14.4B	$17.9B	$21.0B	$23.1B
YoY Growth	+29.8%	+25.0%	+24.3%	+17.3%	+9.8%
Cost of Revenue	$8.2B	$10.5B	$13.5B	$15.7B	$16.9B
Gross Profit	$3.3B	$3.9B	$4.5B	$5.4B	$6.2B
Gross Margin	28.5%	27.2%	24.9%	25.5%	26.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$406M	$433M	$413M	$405M	$426M
Operating Expenses	$406M	$433M	$413M	$405M	$426M
Operating Income	$2.9B	$3.5B	$4.0B	$5.0B	$5.8B
Operating Margin	25.0%	24.1%	22.6%	23.6%	25.1%
Interest Expense	$1.2B	$1.6B	$2.5B	$3.0B	$3.9B
Income Before Tax	$3.3B	$1.9B	$2.0B	$2.0B	$3.1B
Tax Expense	$614M	$560M	$581M	$270M	$589M
Net Income	$766M	$341M	$367M	$351M	$449M
Net Margin	6.6%	2.4%	2.0%	1.7%	1.9%
EPS (Diluted)	$1.16	$0.14	$0.22	$0.12	$0.98
EBITDA	$6.6B	$5.7B	$7.0B	$8.6B	$11.0B
Shares Outstanding	445M	458M	459M	462M	460M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$5.3B	$5.4B	$5.4B	$5.4B	$6.0B	$6.3B	$6.3B	$6.5B
Cost of Revenue	$3.9B	$4.0B	$4.0B	$4.0B	$4.4B	$4.5B	$4.6B	$4.9B
Gross Profit	$1.4B	$1.5B	$1.4B	$1.4B	$1.6B	$1.8B	$1.7B	$1.6B
Gross Margin	26.1%	26.7%	26.5%	26.4%	26.1%	28.6%	26.9%	24.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$113M	$103M	$97M	$108M	$107M	$114M	$109M	$114M
Operating Expenses	$113M	$103M	$97M	$108M	$107M	$114M	$109M	$114M
Operating Income	$1.3B	$1.4B	$1.3B	$1.3B	$1.5B	$1.7B	$1.6B	$1.5B
Operating Margin	23.9%	24.8%	24.7%	24.4%	24.3%	26.8%	25.2%	22.8%
Interest Expense	$873M	$894M	$899M	$909M	$1.0B	$1.0B	$1.0B	$1.1B
Income Before Tax	$313M	$549M	$678M	$409M	$1.0B	$997M	$255M	$678M
Tax Expense	$79M	$98M	$152M	$157M	$287M	-$7M	$107M	$189M
Net Income	$0	$186M	$106M	$74M	$210M	$219M	-$86M	$62M
Net Margin	0.0%	3.4%	2.0%	1.4%	3.5%	3.5%	-1.4%	1.0%
EPS (Diluted)	$-0.18	$0.31	$0.23	$-0.01	$0.43	$0.53	$-0.19	$-0.05
EBITDA	$2.0B	$2.1B	$2.5B	$2.3B	$3.1B	$3.1B	$2.4B	$2.8B
Shares Outstanding	462M	462M	462M	461M	461M	460M	460M	458M

BIP NYSE