BIPC vs. ATO

Last updated Apr 1, 2026

Compare and contrast key facts about Brookfield Infrastructure Corporation (BIPC) and Atmos Energy Corporation (ATO).

Performance

BIPC vs. ATO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Infrastructure Corporation (BIPC) and Atmos Energy Corporation (ATO). The values are adjusted to include any dividend payments, if applicable.

BIPC vs. ATO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BIPC Brookfield Infrastructure Corporation	-12.15%	18.32%	4.74%
ATO Atmos Energy Corporation	10.81%	23.07%	-0.06%

Fundamentals

Market Cap BIPC : $4.71B ATO : $30.45B
EPS BIPC : -$2.14 ATO : $7.71
PS Ratio BIPC : 1.28 ATO : 6.15
Total Revenue (TTM) BIPC : $3.68B ATO : $4.87B
Gross Profit (TTM) BIPC : $2.34B ATO : $1.73B
EBITDA (TTM) BIPC : $3.24B ATO : $2.45B

Returns By Period

In the year-to-date period, BIPC achieves a -12.15% return, which is significantly lower than ATO's 10.81% return.

BIPC

• 1D: 3.10%
• 1M: -20.77%
• YTD: -12.15%
• 6M: -2.09%
• 1Y: 13.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ATO

• 1D: -0.16%
• 1M: -1.11%
• YTD: 10.81%
• 6M: 9.41%
• 1Y: 22.16%
• 3Y*: 20.97%
• 5Y*: 16.33%
• 10Y*: 12.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BIPC vs. ATO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIPC

BIPC Risk / Return Rank: 56
BIPC Sharpe Ratio Rank: 60
BIPC Sortino Ratio Rank: 52
BIPC Omega Ratio Rank: 52
BIPC Calmar Ratio Rank: 55
BIPC Martin Ratio Rank: 63

ATO

ATO Risk / Return Rank: 81
ATO Sharpe Ratio Rank: 83
ATO Sortino Ratio Rank: 77
ATO Omega Ratio Rank: 77
ATO Calmar Ratio Rank: 88
ATO Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIPC vs. ATO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Infrastructure Corporation (BIPC) and Atmos Energy Corporation (ATO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BIPC	ATO	Difference
Sharpe ratio Return per unit of total volatility	0.49	1.39	-0.90
Sortino ratio Return per unit of downside risk	0.85	1.88	-1.03
Omega ratio Gain probability vs. loss probability	1.11	1.26	-0.15
Calmar ratio Return relative to maximum drawdown	0.55	3.31	-2.76
Martin ratio Return relative to average drawdown	2.18	6.69	-4.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIPC vs. ATO - Sharpe Ratio Comparison

The current BIPC Sharpe Ratio is 0.49, which is lower than the ATO Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of BIPC and ATO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIPC	ATO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	1.39	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.53	-0.29

Correlation

The correlation between BIPC and ATO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BIPC vs. ATO - Dividend Comparison

BIPC's dividend yield for the trailing twelve months is around 4.42%, more than ATO's 2.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIPC Brookfield Infrastructure Corporation	4.42%	3.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ATO Atmos Energy Corporation	2.02%	2.15%	2.36%	2.61%	2.48%	2.44%	2.46%	1.92%	2.14%	2.14%	2.31%	2.52%

Drawdowns

BIPC vs. ATO - Drawdown Comparison

The maximum BIPC drawdown since its inception was -25.28%, smaller than the maximum ATO drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for BIPC and ATO.

Drawdown Indicators

	BIPC	ATO	Difference
Max Drawdown Largest peak-to-trough decline	-25.28%	-51.94%	+26.66%
Max Drawdown (1Y) Largest decline over 1 year	-25.28%	-7.20%	-18.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.91%	—
Current Drawdown Current decline from peak	-21.80%	-2.05%	-19.75%
Average Drawdown Average peak-to-trough decline	-6.10%	-8.58%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.41%	3.57%	+2.84%

Volatility

BIPC vs. ATO - Volatility Comparison

Brookfield Infrastructure Corporation (BIPC) has a higher volatility of 11.19% compared to Atmos Energy Corporation (ATO) at 3.83%. This indicates that BIPC's price experiences larger fluctuations and is considered to be riskier than ATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIPC	ATO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	3.83%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	20.13%	10.28%	+9.85%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	16.01%	+11.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.80%	18.47%	+10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.80%	21.21%	+7.59%

Financials

BIPC vs. ATO - Profitability Comparison

The chart below illustrates the profitability comparison between Brookfield Infrastructure Corporation and Atmos Energy Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BIPC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brookfield Infrastructure Corporation reported a gross profit of 625.47M and revenue of 970.69M. Therefore, the gross margin over that period was 64.4%.

ATO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Atmos Energy Corporation reported a gross profit of 0.00 and revenue of 1.34B. Therefore, the gross margin over that period was 0.0%.

BIPC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brookfield Infrastructure Corporation reported an operating income of 604.15M and revenue of 970.69M, resulting in an operating margin of 62.2%.

ATO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Atmos Energy Corporation reported an operating income of 514.76M and revenue of 1.34B, resulting in an operating margin of 38.3%.

BIPC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brookfield Infrastructure Corporation reported a net income of -238.61M and revenue of 970.69M, resulting in a net margin of -24.6%.

ATO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Atmos Energy Corporation reported a net income of 402.96M and revenue of 1.34B, resulting in a net margin of 30.0%.