BIP vs CCL
Brookfield Infrastructure Partners L.p. and Carnival Corp. Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BIP | CCL |
|---|---|---|
| Revenue | $23.1B | $26.6B |
| Net income | $2.5B | $2.8B |
| Gross margin | 26.9% | · |
| Net margin | 11.0% | 10.4% |
| Return on equity | 7.7% | 25.6% |
| Diluted EPS | $0.90 | $2.02 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $-53.0M | $2.6B |
| Equity | · | $12.3B |
| Net debt / equity | · | 2.01× |
| Current ratio | 0.78× | 0.32× |
| Revenue CAGR 5y | 21.1% | 36.6% |
| Profit CAGR 5y | 22.9% | · |
CCL bills 1.2× the revenue of BIP, and BIP keeps more of each dollar of revenue as profit (11.0% against 10.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BIP | CCL |
|---|---|---|
| FY2025 | $23.1B | $26.6B |
| FY2024 | $21.0B | $25.0B |
| FY2023 | $17.9B | $21.6B |
| FY2022 | $14.4B | $12.2B |
| FY2021 | $11.5B | $1.9B |
| FY2020 | $8.9B | $5.6B |
| FY2019 | $6.6B | $20.8B |
| FY2018 | $4.7B | $18.9B |
| FY2017 | $3.5B | $17.5B |
| FY2016 | $2.1B | $16.4B |
Bottom line
| Fiscal year | BIP | CCL |
|---|---|---|
| FY2025 | $2.5B | $2.8B |
| FY2024 | $1.7B | $1.9B |
| FY2023 | $1.4B | $-74.0M |
| FY2022 | $1.4B | $-6.1B |
| FY2021 | $2.7B | $-9.5B |
| FY2020 | $904.0M | $-10.2B |
| FY2019 | $650.0M | $3.0B |
| FY2018 | $806.0M | $3.2B |
| FY2017 | $574.0M | $2.6B |
| FY2016 | $528.0M | $2.8B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$3,522,000,000 | CCL |
| FY2024 | −$3,982,000,000 | CCL |
| FY2023 | −$3,662,000,000 | CCL |
| FY2022 | +$2,259,000,000 | BIP |
| FY2021 | +$9,629,000,000 | BIP |
| FY2020 | +$3,290,000,000 | BIP |
| FY2019 | −$14,228,000,000 | CCL |
| FY2018 | −$14,229,000,000 | CCL |
| FY2017 | −$13,975,000,000 | CCL |
| FY2016 | −$14,274,000,000 | CCL |
| FY2015 | −$13,859,000,000 | CCL |
The higher-revenue side has changed between BIP and CCL over this period. The gap has narrowed since the earliest year compared.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.6 pp | BIP |
| FY2024 | +0.3 pp | BIP |
| FY2023 | +8.4 pp | BIP |
| FY2022 | +59.6 pp | BIP |
| FY2021 | +521.5 pp | BIP |
| FY2020 | +193.1 pp | BIP |
| FY2019 | −4.5 pp | CCL |
| FY2018 | +0.6 pp | BIP |
| FY2017 | +1.4 pp | BIP |
| FY2016 | +8.0 pp | BIP |
| FY2015 | +9.9 pp | BIP |
The higher net margin has changed hands between BIP and CCL over this period.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CCL's net margin has been more volatile than BIP's over the 11 comparable fiscal years — 150.2 percentage points of standard deviation against 6.1.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BIP and CCL over these 11 fiscal years — BIP led in 10 and CCL in 1.
11 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CCL's return on equity has been more volatile than BIP's over the 11 comparable fiscal years — 31.5 percentage points of standard deviation against 2.0.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BIP and CCL over these 11 fiscal years — BIP led in 4 and CCL in 7.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.