Brookfield Infrastructure (FRA:RG5) Operating Income: €1,905 Mil (TTM As of Mar. 2026)

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FRA:RG5 Brookfield Infrastructure Corp FRA:RG5
84 GF Score
Price €35.22
GF Value €40.38
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Brookfield Infrastructure Operating Income?

Brookfield Infrastructure FRA:RG5 +2.21% 84 Operating Income is €1,905 Mil as of Mar. 2026. GuruFocus rates FRA:RG5 with a GF Score™ of 84/100 and a GF Value™ of €40.38 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Brookfield Infrastructure's Operating Income for the three months ended in Mar. 2026 was €448 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €1,905 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Brookfield Infrastructure's Operating Income for the three months ended in Mar. 2026 was €448 Mil. Brookfield Infrastructure's Revenue for the three months ended in Mar. 2026 was €765 Mil. Therefore, Brookfield Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 was 58.60%.

Brookfield Infrastructure's 5-Year average Growth Rate for Operating Margin % was -0.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 was 2.25%. Brookfield Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.09%.


Brookfield Infrastructure  (FRA:RG5) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Brookfield Infrastructure's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1792.28 * ( 1 - 70% )/( (23755.718 + 24055.65)/ 2 )
=537.684/23905.684
=2.25 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20517.35 - 794.22 - ( 379.176 - max(0, 6548.472 - 2515.884+379.176))
=23755.718

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=20944.245 - 915.17 - ( 526.785 - max(0, 6762.57 - 2735.995+526.785))
=24055.65

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Brookfield Infrastructure's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1470.5/( ( (12125.092 + max(-4741.408, 0)) + (12205.15 + max(-4824.105, 0)) )/ 2 )
=1470.5/( ( 12125.092 + 12205.15 )/ 2 )
=1470.5/12165.121
=12.09 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(646.478 + 0 + 38.43) - (794.22 + 237.412 + 4394.684)
=-4741.408

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(746.495 + 0 + 0) - (915.17 + 0 + 4655.43)
=-4824.105

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Brookfield Infrastructure's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=448.07/764.66
=58.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Brookfield Infrastructure Operating Income Related Terms


Brookfield Infrastructure Operating Income Historical Data

* Premium members only.

The historical data trend for Brookfield Infrastructure's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Brookfield Infrastructure Operating Income Chart

Brookfield Infrastructure Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only 945.18 1,203.60 1,520.39 2,113.42 1,924.92

Brookfield Infrastructure Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 513.38 470.78 477.97 508.13 448.07
FRA:RG5
84GF Score
Brookfield Infrastructure Corp FRA:RG5
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Brookfield Infrastructure Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,905 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €1,905 Mil mean?
Brookfield Infrastructure (FRA:RG5) has a Operating Income of €1,905 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Infrastructure and its competitors.
Is Brookfield Infrastructure's Operating Income too high?
Brookfield Infrastructure's current Operating Income is €1,905 Mil. Overall, Brookfield Infrastructure has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brookfield Infrastructure's Operating Income compare to ATO and NI?
Brookfield Infrastructure's Operating Income of €1,905 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Infrastructure and its competitors. Brookfield Infrastructure's current Operating Income is €1,905 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brookfield Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Brookfield Infrastructure (FRA:RG5) is currently considered Modestly Undervalued. The stock's GF Value™ is €40.38, compared to a current price of €35.22 — trading 12.8% below its estimated fair value. The current Operating Income is €1,905 Mil. Brookfield Infrastructure's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Brookfield Infrastructure (FRA:RG5), the current Operating Income is €1,905 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brookfield Infrastructure (FRA:RG5) Overvalued in 2026?

Based on GuruFocus' analysis, Brookfield Infrastructure stock appears to be undervalued. The current stock price of €35.22 is trading 12.8% below its estimated GF Value™ of €40.38. GuruFocus considers Brookfield Infrastructure to be Modestly Undervalued.

Key valuation signals for FRA:RG5:

  • Operating Income: €1,905 Mil
  • GF Value™: €40.38 vs. price of €35.22 (12.8% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the FRA:RG5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Brookfield Infrastructure Business Description

Other Exchanges BIPC:USABIPC:Canada
Address 250 Vesey Street, 15th Floor, New York, NY, USA, 10281
Brookfield Infrastructure Corp is an indirect subsidiary of the partnership of the diversified infrastructure owner and operators. Its business is comprised of a U.K. regulated distribution operation, a Brazilian regulated natural gas transmission operation and an international intermodal logistics operation. Geographically, the company generates a majority of its revenue from Brazil and rest from United Kingdom, United States, France, Switzerland, Singapore, China, Denmark, Hong Kong, Germany and Others.
84GF Score

Get the complete analysis for FRA:RG5

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€35.22
Price
€40.38
GF Value