Brookfield Infrastructure Partners L.P. (BIP) Key Metrics
BIP valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $29.65B
- Enterprise value
- $75.24B
- P/E (TTM)
- 60.4 10-yr median 41.7
- Forward P/E
- 68.0
- PEG ratio
- 4.73
- Price / sales
- 1.2 10-yr median 1.6
- Price / book
- 3.1 10-yr median 0.7
- EV / EBITDA
- 6.8 10-yr median 8.9
- Dividend yield
- 2.81% $1.82 a year
- Beta
- 1.04
BIP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBIP valuation Price multiples at each fiscal year-end price.
BIP returns How much profit the business earns on the capital it uses.
BIP per-share figures Results divided by the shares outstanding at year-end.
BIP financial health Debt, liquidity and how easily interest is covered.
BIP efficiency & capital use Working capital cycle and where the cash goes.
BIP valuation history
BIP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BIP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BIP cash returned to shareholders
BIP price vs earnings per share
BIP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $15.98B | $14.67B | $14.47B | $14.20B | $18.04B | $14.56B | $12.75B | $8.54B | $10.59B | $7.31B |
| Enterprise value | $82.77B | $68.60B | $61.60B | $46.74B | $49.75B | $40.83B | $34.76B | $22.90B | $21.25B | $14.90B |
| P/E ratio | 35.6 | 41.8 | 39.4 | 41.6 | 23.6 | 44.9 | 60.4 | 44.5 | 85.4 | 19.8 |
| Price / sales | 0.7 | 0.7 | 0.8 | 1.0 | 1.6 | 1.6 | 1.9 | 1.8 | 3.0 | 3.5 |
| Price / book | 2.8 | 2.6 | 2.3 | 0.6 | 0.7 | 0.7 | 0.6 | 0.6 | 0.8 | 1.5 |
| Price / free cash flow | 59.6 | — | 9.1 | 35.8 | 22.8 | 13.2 | 12.8 | 16.3 | 13.8 | 116.1 |
| Price / operating cash flow | 2.7 | 3.2 | 3.5 | 4.5 | 6.5 | 5.8 | 5.9 | 6.3 | 7.1 | 9.7 |
| EV / sales | 3.6 | 3.3 | 3.4 | 3.2 | 4.3 | 4.6 | 5.3 | 4.9 | 6.0 | 7.0 |
| EV / EBITDA | 7.5 | 7.9 | 8.8 | 8.2 | 7.5 | 10.4 | 11.7 | 9.0 | 11.5 | 13.1 |
| EV / free cash flow | 308.8 | — | 38.7 | 117.7 | 63.0 | 37.0 | 34.8 | 43.8 | 27.7 | 236.5 |
| Earnings yield | 2.8% | 2.4% | 2.5% | 2.4% | 4.2% | 2.2% | 1.7% | 2.2% | 1.2% | 5.0% |
| Free cash flow yield | 1.7% | −2.2% | 11.0% | 2.8% | 4.4% | 7.6% | 7.8% | 6.1% | 7.2% | 0.9% |
| Dividend yield | 10.9% | 11.2% | 10.5% | 10.0% | 7.0% | 7.8% | 8.1% | 10.8% | 7.5% | 8.6% |
| Shareholder yield (dividends + buybacks) | 12.1% | 11.2% | 10.6% | 11.7% | 7.0% | 7.8% | 8.1% | 11.1% | 7.5% | 8.7% |
| Share price at fiscal year-end | $34.74 | $31.79 | $31.49 | $30.99 | $40.54 | $32.93 | $29.76 | $20.55 | $26.67 | $19.92 |
| Per share | ||||||||||
| Revenue per share | $50.21 | $45.58 | $39.03 | $31.49 | $25.92 | $20.10 | $15.40 | $11.20 | $8.91 | $5.76 |
| Earnings per share | $0.98 | $0.76 | $0.80 | $0.74 | $1.72 | $0.73 | $0.49 | $0.46 | $0.31 | $1.01 |
| Operating cash flow per share | $12.98 | $10.08 | $8.88 | $6.83 | $6.23 | $5.72 | $5.00 | $3.28 | $3.73 | $2.05 |
| Free cash flow per share | $0.58 | −$0.70 | $3.46 | $0.87 | $1.78 | $2.50 | $2.33 | $1.26 | $1.93 | $0.17 |
| Cash per share | $5.07 | $5.27 | $5.32 | $2.79 | $3.16 | $1.96 | $1.93 | $1.84 | $0.94 | $2.01 |
| Book value per share | $12.21 | $12.18 | $13.58 | $55.78 | $59.30 | $49.03 | $51.77 | $35.31 | $33.95 | $13.58 |
| Tangible book value per share | −$63.81 | −$49.83 | −$52.45 | $10.79 | $7.19 | $7.40 | $2.89 | −$1.99 | $5.74 | $0.05 |
| Dividends per share | $3.79 | $3.56 | $3.30 | $3.10 | $2.82 | $2.57 | $2.40 | $2.21 | $2.00 | $1.71 |
| Capex per share | $12.40 | $10.78 | $5.41 | $5.97 | $4.45 | $3.23 | $2.67 | $2.02 | $1.80 | $1.88 |
| Debt per share | $150.22 | $122.08 | $107.91 | $73.83 | $74.40 | $61.38 | $53.32 | $36.42 | $27.80 | $22.68 |
| Shares outstanding | 460.1M | 461.6M | 459.4M | 458.1M | 445.1M | 442.1M | 428.4M | 415.4M | 396.9M | 367.1M |
| Change in shares outstanding | −0.3% | +0.5% | +0.3% | +2.9% | +0.7% | +3.2% | +3.1% | +4.6% | +8.1% | +2.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.0% | 5.9% | 2.3% | 1.3% | 3.2% | 1.5% | 1.1% | 1.4% | 1.3% | 6.1% |
| Return on invested capital (ROIC) | 7.1% | 7.6% | 5.2% | 4.3% | 4.4% | 3.3% | 3.3% | 3.7% | 2.4% | 3.2% |
| Return on assets (ROA) | 0.4% | 0.3% | 0.4% | 0.5% | 1.1% | 0.6% | 0.5% | 0.6% | 0.5% | 1.9% |
| Return on tangible assets | 0.5% | 0.5% | 0.5% | 0.7% | 1.5% | 0.8% | 0.6% | 0.9% | 0.7% | 2.3% |
| Free cash flow margin | 1.2% | −1.5% | 8.9% | 2.8% | 6.8% | 12.4% | 15.1% | 11.2% | 21.7% | 3.0% |
| Income quality (OCF / net income) | 13.30 | 13.26 | 11.11 | 9.18 | 3.62 | 7.81 | 10.16 | 7.09 | 11.94 | 2.04 |
| Financial health | ||||||||||
| Total debt | $69.12B | $56.35B | $49.57B | $33.82B | $33.11B | $27.14B | $22.84B | $15.13B | $11.03B | $8.33B |
| Cash & short-term investments | $2.33B | $2.43B | $2.44B | $1.28B | $1.41B | $867.0M | $827.0M | $764.0M | $374.0M | $738.0M |
| Net debt | $66.78B | $53.92B | $47.13B | $32.54B | $31.71B | $26.27B | $22.02B | $14.36B | $10.66B | $7.59B |
| Debt / equity | 12.30 | 10.02 | 7.95 | 1.32 | 1.25 | 1.25 | 1.03 | 1.03 | 0.82 | 1.67 |
| Debt / assets | 0.54 | 0.54 | 0.49 | 0.46 | 0.45 | 0.44 | 0.41 | 0.41 | 0.37 | 0.39 |
| Net debt / EBITDA | 6.06 | 6.24 | 6.71 | 5.72 | 4.80 | 6.67 | 7.43 | 5.66 | 5.79 | 6.69 |
| Current ratio | 0.78 | 0.88 | 0.68 | 0.15 | 0.16 | 0.16 | 0.15 | 0.32 | 0.28 | 1.08 |
| Quick ratio | 0.75 | 0.84 | 0.64 | 0.09 | 0.12 | 0.12 | 0.11 | 0.26 | 0.20 | 1.01 |
| Interest coverage | 1.5 | 1.6 | 1.6 | 2.2 | 2.3 | 1.7 | 1.9 | 2.6 | 1.3 | 1.1 |
| Working capital | −$3.28B | −$1.30B | −$3.73B | −$7.10B | −$7.25B | −$4.66B | −$4.61B | −$1.65B | −$939.0M | $117.0M |
| Invested capital | $72.40B | $59.54B | $53.37B | $58.10B | $58.10B | $47.94B | $44.19B | $29.03B | $24.13B | $12.57B |
| Tangible asset value | $565.0M | $1.23B | $3.68B | $4.94B | $3.20B | $3.27B | $1.24B | −$826.0M | $2.28B | $4.68B |
| Net current asset value | −$80.63B | −$65.13B | −$58.79B | −$46.14B | −$46.16B | −$38.79B | −$33.30B | −$21.15B | −$15.63B | −$10.00B |
| Graham number | $16.37 | $14.44 | $15.62 | $30.57 | $47.92 | $28.43 | $23.95 | $19.17 | $15.45 | $17.53 |
| Graham net-net per share | −$187.94 | −$149.85 | −$133.37 | −$96.30 | −$100.04 | −$84.90 | −$74.30 | −$48.75 | −$37.77 | −$28.58 |
| Capital allocation | ||||||||||
| Dividends paid | $1.74B | $1.64B | $1.52B | $1.42B | $1.26B | $1.13B | $1.03B | $919.0M | $794.0M | $628.0M |
| Share buybacks (net) | $190.0M | $0 | $13.0M | $243.0M | $12.0M | $0 | $0 | $30.0M | $0 | $6.0M |
| Dividend payout ratio | 388.2% | 468.4% | 413.1% | 415.8% | 164.1% | 350.0% | 486.7% | 478.6% | 640.3% | 170.2% |
| Dividends + buybacks / free cash flow | 721.3% | — | 96.1% | 418.4% | 160.6% | 102.7% | 102.8% | 181.5% | 103.5% | — |
| Capex / revenue | 24.7% | 23.6% | 13.9% | 19.0% | 17.2% | 16.0% | 17.3% | 18.0% | 20.2% | 32.6% |
| Capex / operating cash flow | 95.5% | 106.9% | 61.0% | 87.3% | 71.5% | 56.4% | 53.4% | 61.6% | 48.2% | 91.6% |
| Capex / depreciation | 1.42 | 1.37 | 0.91 | 1.27 | 0.97 | 0.84 | 0.94 | 1.05 | 1.06 | 1.54 |
| Stock-based compensation / revenue | — | — | −30.6% | — | — | — | — | −10.3% | −12.7% | −7.3% |
| SG&A / revenue | 1.8% | 1.9% | 2.3% | 3.0% | 3.5% | 3.5% | 4.2% | 4.8% | 6.8% | 7.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 67.6 | 66.0 | 61.8 | 54.0 | 54.6 | 68.5 | 80.4 | 74.0 | 64.5 | 66.3 |
| Days of inventory on hand | 11.2 | 11.2 | 14.1 | 16.2 | 13.7 | 12.9 | 15.2 | 20.6 | 25.3 | 19.6 |
| Days payables outstanding | 50.4 | 51.3 | 55.9 | 65.1 | 73.9 | 64.5 | 52.1 | 58.6 | 61.9 | 79.3 |
| Cash conversion cycle (days) | 28.5 | 25.9 | 20.1 | 5.0 | -5.5 | 16.8 | 43.4 | 36.0 | 27.8 | 6.5 |
| Receivables turnover | 5.40 | 5.53 | 5.90 | 6.77 | 6.68 | 5.33 | 4.54 | 4.93 | 5.66 | 5.51 |
| Payables turnover | 7.24 | 7.11 | 6.53 | 5.61 | 4.94 | 5.66 | 7.00 | 6.23 | 5.89 | 4.60 |
| Inventory turnover | 32.55 | 32.46 | 25.83 | 22.58 | 26.56 | 28.29 | 24.07 | 17.73 | 14.44 | 18.65 |
| Asset turnover | 0.20 | 0.20 | 0.21 | 0.20 | 0.17 | 0.15 | 0.14 | 0.14 | 0.14 | 0.11 |
| Average receivables | $4.28B | $3.80B | $3.04B | $2.13B | $1.73B | $1.67B | $1.45B | $943.0M | $624.5M | $384.0M |
| Average payables | $2.33B | $2.20B | $2.06B | $1.87B | $1.67B | $1.16B | $658.5M | $354.5M | $256.0M | $231.0M |
| Average inventory | $518.5M | $483.0M | $521.5M | $465.5M | $310.5M | $231.5M | $191.5M | $124.5M | $104.5M | $57.0M |
| Intangibles / total assets | 27.3% | 27.4% | 30.1% | 28.2% | 31.4% | 30.0% | 37.2% | 42.4% | 38.0% | 23.3% |
Computed from BIP's annual financial statements (latest annual report filed March 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BIP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Brookfield Infrastructure Partners traded at 35.6 times earnings, against a 10-year median of 41.7. Based on the latest twelve months, the trailing P/E is 60.4 and the forward P/E is 68.0. Brookfield Infrastructure Partners earned a return on equity of 8.0% and a return on invested capital of 7.1% in fiscal 2025. It ended the year with $69.1 billion of debt and $2.3 billion in cash and short-term investments, net debt of $66.8 billion. It returned $1.9 billion to shareholders: $1.7 billion in dividends and $190.0 million in share buybacks, 721% of free cash flow. The share count rose 25.4% from 367.1M to 460.1M over 9 years.
See the BIP income statement, the BIP chart for price history, or the BIP stock overview for the latest quote and news.
BIP key metrics FAQ
What is Brookfield Infrastructure Partners's P/E ratio?
Brookfield Infrastructure Partners's trailing P/E ratio is 60.4 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 68.0. At the end of fiscal 2025 it was 35.6, compared with a 10-year median of 41.7.
What is Brookfield Infrastructure Partners's EV/EBITDA?
Brookfield Infrastructure Partners's enterprise value was 7.5 times EBITDA at the end of fiscal 2025 (enterprise value $82.8 billion, EBITDA $11.0 billion); the current EV/EBITDA is 6.8.
What is Brookfield Infrastructure Partners's return on equity?
Brookfield Infrastructure Partners's return on equity (ROE) was 8.0% in fiscal 2025: net income of $449.0 million on average shareholders' equity of $5.6 billion.
What is Brookfield Infrastructure Partners's ROIC?
Brookfield Infrastructure Partners's return on invested capital was 7.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Brookfield Infrastructure Partners have?
Brookfield Infrastructure Partners had total debt of $69.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 12.30 and $66.8 billion of net debt (6.06 times EBITDA).
What is Brookfield Infrastructure Partners's dividend yield?
Brookfield Infrastructure Partners's forward dividend yield is 2.81%. Brookfield Infrastructure Partners paid $1.7 billion in dividends in fiscal 2025 ($3.79 per share), a payout ratio of 388.2%.
Does Brookfield Infrastructure Partners buy back its shares?
Yes. Brookfield Infrastructure Partners spent $190.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 460.1M..
What is Brookfield Infrastructure Partners's free cash flow yield?
Brookfield Infrastructure Partners generated $268.0 million of free cash flow in fiscal 2025, a free cash flow yield of 1.7% on its market value at year-end ($16.0 billion).
What is Brookfield Infrastructure Partners's current ratio?
Brookfield Infrastructure Partners's current ratio was 0.78 at the end of fiscal 2025: current assets were 0.78 times current liabilities.
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