| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 40 | 51.4x | 17.8x | Bottom tier | |
Growth | 72 | 16.4% | 7.1% | Top tier | |
Quality | 29 | 8.3% | 4.5% | Bottom tier | |
Safety | 31 | 5.6x | 2.6x | Bottom tier | |
Capital Return | 34 | 9.91% | 2.12% | Bottom tier | |
Momentum | 57 | 27.0% | 2.9% | Around median | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Brookfield Infrastructure Partners L.P. owns and operates infrastructure platforms across four main segments: utilities, transport, midstream, and data. Its cash flows are generated from assets including electricity and gas networks, railways, ports, toll roads, container and railcar leasing, as well as fiber networks, data centers, and semiconductor manufacturing projects. Its model combines organic growth linked to inflation and capital additions to regulated assets, the acquisition of new platforms, and then the sale of stakes or mature assets to redeploy capital into higher-return opportunities.
In Q2 of fiscal year 2026, funds from operations reached $702 million, or $0.89 per unit, up 10% year over year. Funds from operations totaled $196 million in utilities, $311 million in transport, $183 million in midstream, and $154 million in data; these segments recorded annual growth of 5%, 7% excluding the impact of capital recycling, 17%, and 36%, respectively. These figures show that transport remained the largest reported segment contributor, while the data segment achieved the fastest growth rate, supported by the U.S. fiber network, data center developers, and the initial contribution from the partnership with Intel in Arizona.
The latest available EDGAR filings show that fiscal year 2025 revenue reached $23.1 billion, compared with $21.0 billion in fiscal year 2024, while gross profit increased from $5.4 billion to $6.2 billion and net income from $1.7 billion to $2.5 billion. Accordingly, the calculated gross margin was approximately 26.8% and the net income margin approximately 10.8% in fiscal year 2025, compared with approximately 25.7% and 8.1% in fiscal year 2024. Q2 of fiscal year 2025 recorded revenue of $5.4 billion, gross profit of $1.4 billion with a calculated margin of approximately 25.9%, and net income of $252 million with a margin of approximately 4.7%, along with negative earnings per share of $0.03.
The average analyst price target is $48.5, within a narrow range of $47 to $50, with a consensus rating of “Buy”; the average is approximately 10% above the 52-week range high of $44.04. The stock's 52-week range is $30.09 to $44.04, while no usable price-to-earnings ratio is available in the data, so the available valuation support depends primarily on analyst targets and the company's ability to convert growth in funds from operations and AI projects into actual cash flows despite delayed capital deployment and execution risks.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Funds from operations reached $702 million, or $0.89 per unit, up 10% year over year in Q2 of fiscal year 2026. Growth came from inflation-linked price increases in utilities, strong activity in transport and midstream, and the commissioning of new capital projects in data. New investments also contributed returns that management described as materially higher than those of the assets that were sold.
The project pipeline includes a campus in Kentucky exceeding 1.2 gigawatts of computing capacity and a proposed 200-megawatt project with NAVER and NVIDIA in South Korea. The company increased its framework with Bloom Energy from $5 billion to $25 billion in total capital expenditure and also established Radiant to provide computing services. Management estimated BIP's targeted annual investment range in AI infrastructure over the following years at approximately $300 million to $500 million, with most spending related to AI factories deferred to later years.
The company relies on capital recycling by selling mature assets or stakes and then directing the proceeds toward new opportunities. From the beginning of 2026 through the July 30, 2026 call, it generated approximately $1.2 billion in asset sale proceeds. This included the public offering of the U.S. data center platform while Brookfield retained a 64% stake, reductions in stakes in two listed companies in India, and the sale of a majority stake in a contracted container portfolio on July 1, 2026.
Automated analysis for informational purposes only — not investment advice.
The data segment generated funds from operations of $154 million in Q2 of fiscal year 2026, up 36% year over year, the fastest growth among the four reported segments. The segment benefited from the U.S. broadband fiber network acquired by the company in September, data center developers, and the initial contribution from the Intel partnership in Arizona. The company also increased the capacity of the publicly offered U.S. data center platform from 115 megawatts at the beginning of the ownership period to approximately 390 megawatts and sees the potential to expand it to approximately one gigawatt.
Management explained on July 30, 2026 that sovereign projects take longer because they involve dealing with governments and that major spending on AI factories would be weighted toward later years. The industry also faces opposition concerning water consumption, electricity prices, and noise, with notable resistance in the United States and growing resistance in Europe and Canada. The company says it targets high-quality customers and contracts that typically exceed 15 years, with some potentially extending to 20 years, and does not commit material capital before securing commercial terms and risk-adjusted returns.
The company plans to convert BIP and BIPC into a single listed company named Brookfield Infrastructure Partners Inc., with the aim of improving trading liquidity, attracting demand from index funds and exchange-traded funds, and expanding access to investors who prefer a traditional corporate structure. Special meetings of BIP unitholders and BIPC shareholders are scheduled for October 14, 2026, with completion expected in Q4 of fiscal year 2026. Management expects the transaction to be tax-deferred for Canadian and U.S. investors and not to impose a material cost on the business.
