Brookfield Infrastructure Corp

BIPCdata completeness 75%8 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$1.64B¹	$1.89B²	$2.5B³	$3.67B³	$3.67B³
Net income	−$368M⁴	$1.09B⁵	$111M⁶	−$608M⁶	−$241M⁶
Operating cash flow	$839M⁷	$893M⁸	$1.06B⁹	$1.74B⁹	$1.61B⁹
Capital expenditure	—	—	$594M¹⁰	$1.4B¹⁰	$1.61B¹⁰
Free cash flow (derived)	—	—	$465M⁹	$340M⁹	$2M⁹
Total debt	—	—	—	—	—
Cash & equivalents	$469M¹¹	$445M¹²	$539M¹²	$674M¹²	$431M¹²
Diluted shares	—	—	—	—	—

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

— shares · 5y

Not enough history to read capital allocation.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

no diluted share count — cannot compute per-share value

DCF · Growth Exit 5Y

not applicable

no diluted share count — cannot compute per-share value

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts