BIP vs KEX
Brookfield Infrastructure Partners L.p. and Kirby Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BIP | KEX |
|---|---|---|
| Revenue | $23.1B | $3.4B |
| Net income | $2.5B | $354.6M |
| Gross margin | 26.9% | · |
| Net margin | 11.0% | 10.6% |
| Return on equity | 7.7% | 10.5% |
| Diluted EPS | $0.90 | $6.33 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $-53.0M | $405.7M |
| Equity | · | $3.4B |
| Net debt / equity | · | 0.25× |
| Current ratio | 0.78× | 1.53× |
| Revenue CAGR 5y | 21.1% | 9.2% |
| Profit CAGR 5y | 22.9% | · |
BIP bills 6.9× the revenue of KEX, and keeps more of each dollar of revenue as profit (11.0% against 10.6%).
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 | KEX |
|---|---|---|
| FY2025 | $23.1B | $3.4B |
| FY2024 | $21.0B | $3.3B |
| FY2023 | $17.9B | $3.1B |
| FY2022 | $14.4B | $2.8B |
| FY2021 | $11.5B | $2.2B |
| FY2020 | $8.9B | $2.2B |
| FY2019 | $6.6B | $2.8B |
| FY2018 | $4.7B | $3.0B |
| FY2017 | $3.5B | $2.2B |
| FY2016 | $2.1B | $1.8B |
Bottom line
| Fiscal year | BIP | KEX |
|---|---|---|
| FY2025 | $2.5B | $354.6M |
| FY2024 | $1.7B | $286.7M |
| FY2023 | $1.4B | $222.9M |
| FY2022 | $1.4B | $122.3M |
| FY2021 | $2.7B | $-247.0M |
| FY2020 | $904.0M | $-272.5M |
| FY2019 | $650.0M | $142.3M |
| FY2018 | $806.0M | $78.5M |
| FY2017 | $574.0M | $313.2M |
| FY2016 | $528.0M | $141.4M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$19,735,950,000 | BIP |
| FY2024 | +$17,773,124,000 | BIP |
| FY2023 | +$14,839,360,000 | BIP |
| FY2022 | +$11,642,246,000 | BIP |
| FY2021 | +$9,290,340,000 | BIP |
| FY2020 | +$6,713,592,000 | BIP |
| FY2019 | +$3,758,601,000 | BIP |
| FY2018 | +$1,681,303,000 | BIP |
| FY2017 | +$1,320,582,000 | BIP |
| FY2016 | +$344,327,000 | BIP |
| FY2015 | −$292,532,000 | KEX |
The higher-revenue side has changed between BIP and KEX over this period. The gap has widened since the earliest year compared.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.4 pp | BIP |
| FY2024 | −0.8 pp | KEX |
| FY2023 | +0.9 pp | BIP |
| FY2022 | +5.1 pp | BIP |
| FY2021 | +34.6 pp | BIP |
| FY2020 | +22.7 pp | BIP |
| FY2019 | +4.8 pp | BIP |
| FY2018 | +14.7 pp | BIP |
| FY2017 | +2.1 pp | BIP |
| FY2016 | +16.9 pp | BIP |
| FY2015 | +10.5 pp | BIP |
The higher net margin has changed hands between BIP and KEX over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KEX's net margin has been more volatile than BIP's over the 11 comparable fiscal years — 8.2 percentage points of standard deviation against 6.1.
11 of 18 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 KEX over these 11 fiscal years — BIP led in 10 and KEX in 1.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KEX's return on equity has been more volatile than BIP's over the 11 comparable fiscal years — 6.6 percentage points of standard deviation against 2.0.
11 of 17 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 KEX over these 11 fiscal years — BIP led in 5 and KEX in 6.
11 of 17 comparable fiscal years — a year missing data on either side is not counted.