Brookfield Infrastructure (BIPC) financial statements
Brookfield Infrastructure reported revenue of $3.7B in fiscal 2025, up 13.0% a year over 7 years.
Net income was -$241M and the operating margin 61.5%, against 62.9% in 2018.
Free cash flow was $2M, and the company returned $228M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brookfield Infrastructure's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.4B | $1.6B | $1.9B | $2.5B | $3.7B | $3.7B |
| Cost of revenue | $236M | $552M | $527M | $526M | $542M | $778M | $1.4B | $1.3B |
| Gross profit | $1.3B | $1.1B | $903M | $1.1B | $1.3B | $1.7B | $2.3B | $2.3B |
| Selling, general and admin | $24M | $30M | $33M | $49M | $69M | $67M | $75M | $80M |
| Operating income | $982M | $1.0B | $870M | $1.1B | $1.3B | $1.7B | $2.2B | $2.3B |
| Interest expense | $127M | $156M | $214M | $294M | $544M | $697M | $1.1B | $1.2B |
| Pre-tax income | $815M | $842M | $37M | $432M | $1.9B | $974M | $437M | $1.1B |
| Income tax | $234M | $272M | $269M | $405M | $262M | $368M | $365M | $385M |
| Net income | $202M | $197M | -$552M | -$368M | $1.1B | $111M | -$608M | -$241M |
| Gross margin | 84.9% | 65.9% | 63.1% | 68.0% | 71.3% | 68.9% | 62.4% | 63.6% |
| Operating margin | 62.9% | 64.1% | 60.8% | 65.0% | 67.6% | 66.2% | 60.4% | 61.5% |
| Net margin | 12.9% | 12.2% | -38.6% | -22.4% | 58.0% | 4.4% | -16.6% | -6.6% |
Balance sheet
Fiscal years, from Brookfield Infrastructure's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $99M | $204M | $192M | $469M | $445M | $539M | $674M | $431M |
| Receivables | — | $390M | $394M | $448M | $499M | $939M | $786M | $928M |
| Total current assets | — | $594M | $586M | $2.0B | $1.6B | $2.8B | $4.8B | $2.9B |
| Property, plant and equipment | $3.7B | $4.5B | $5.1B | $4.8B | $4.7B | $14.2B | $12.6B | $14.2B |
| Goodwill | — | $667M | $528M | $489M | $518M | $1.7B | $1.6B | $1.7B |
| Total assets | — | $9.9B | $9.3B | $10.1B | $10.2B | $23.9B | $23.6B | $24.0B |
| Total current liabilities | — | $493M | $2.8B | $6.2B | $4.6B | $6.4B | $7.6B | $7.7B |
| Total liabilities | — | $6.6B | $9.9B | $11.5B | $10.5B | $19.8B | $21.4B | $22.0B |
| Shareholders' equity | $3.2B | $1.7B | -$1.7B | -$2.1B | -$1.1B | -$399M | -$1.3B | -$1.3B |
| Net debt | -$99M | -$204M | -$192M | -$469M | -$445M | -$539M | -$674M | -$431M |
Cash flow
Fiscal years, from Brookfield Infrastructure's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.1B | $1.1B | $730M | $839M | $893M | $1.1B | $1.7B | $1.6B |
| Capital spending | — | — | — | — | — | $594M | $1.4B | $1.6B |
| Free cash flow | — | — | — | — | — | $465M | $340M | $2M |
| Dividends paid | — | $0 | $66M | $115M | $158M | $178M | $213M | $228M |
| Net borrowing | — | — | — | -$887M | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | 18.6% | 9.3% | 0.1% |
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Open BIPC in InvestinglyQuestions
What was Brookfield Infrastructure's revenue in 2025?
$3.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does Brookfield Infrastructure generate?
$2M in fiscal 2025 (operating cash flow minus capital spending).
From Brookfield Infrastructure's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.