BIP vs MATX
Brookfield Infrastructure Partners L.p. and Matson, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BIP | MATX |
|---|---|---|
| Revenue | $23.1B | $3.3B |
| Net income | $2.5B | $444.8M |
| Gross margin | 26.9% | 114.8% |
| Net margin | 11.0% | 13.3% |
| Return on equity | 7.7% | 16.4% |
| Diluted EPS | $0.90 | $13.81 |
| Dividend / share | · | $1.40 |
| Payout ratio | · | 10.1% |
| Free cash flow | $-53.0M | $153.7M |
| Equity | · | $2.8B |
| Net debt / equity | · | 0.08× |
| Current ratio | 0.78× | 0.89× |
| Revenue CAGR 5y | 21.1% | 7.0% |
| Profit CAGR 5y | 22.9% | 18.2% |
BIP bills 6.9× the revenue of MATX, and MATX keeps more of each dollar of revenue as profit (13.3% against 11.0%).
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 | MATX |
|---|---|---|
| FY2025 | $23.1B | $3.3B |
| FY2024 | $21.0B | $3.4B |
| FY2023 | $17.9B | $3.1B |
| FY2022 | $14.4B | $4.3B |
| FY2021 | $11.5B | $3.9B |
| FY2020 | $8.9B | $2.4B |
| FY2019 | $6.6B | $2.2B |
| FY2018 | $4.7B | $2.2B |
| FY2017 | $3.5B | $2.0B |
| FY2016 | $2.1B | $1.9B |
Bottom line
| Fiscal year | BIP | MATX |
|---|---|---|
| FY2025 | $2.5B | $444.8M |
| FY2024 | $1.7B | $476.4M |
| FY2023 | $1.4B | $297.1M |
| FY2022 | $1.4B | $1.1B |
| FY2021 | $2.7B | $927.4M |
| FY2020 | $904.0M | $193.1M |
| FY2019 | $650.0M | $82.7M |
| FY2018 | $806.0M | $109.0M |
| FY2017 | $574.0M | $231.0M |
| FY2016 | $528.0M | $81.4M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$19,755,500,000 | BIP |
| FY2024 | +$17,617,200,000 | BIP |
| FY2023 | +$14,836,400,000 | BIP |
| FY2022 | +$10,084,000,000 | BIP |
| FY2021 | +$7,611,700,000 | BIP |
| FY2020 | +$6,501,700,000 | BIP |
| FY2019 | +$4,393,900,000 | BIP |
| FY2018 | +$2,429,200,000 | BIP |
| FY2017 | +$1,488,100,000 | BIP |
| FY2016 | +$173,400,000 | BIP |
| FY2015 | −$29,900,000 | MATX |
The higher-revenue side has changed between BIP and MATX 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.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.3 pp | MATX |
| FY2024 | −5.9 pp | MATX |
| FY2023 | −1.5 pp | MATX |
| FY2020 | +2.1 pp | BIP |
| FY2019 | +6.1 pp | BIP |
| FY2018 | +12.4 pp | BIP |
| FY2017 | +5.0 pp | BIP |
| FY2016 | +20.8 pp | BIP |
The higher net margin has changed hands between BIP and MATX over this period.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BIP's net margin has been more volatile than MATX's over the 8 comparable fiscal years — 5.5 percentage points of standard deviation against 3.8.
8 of 16 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 MATX over these 8 fiscal years — BIP led in 5 and MATX in 3.
8 of 16 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MATX's return on equity has been more volatile than BIP's over the 11 comparable fiscal years — 18.3 percentage points of standard deviation against 2.0.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MATX led in return on equity in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.