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BIP vs MA // PIOTROSKI F-SCORE QUALITY

Brookfield Infrastructure Partners LP (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: BIP 4 — MA 9
■ METRIC PARITY
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BIP VS. MA) EMERALD CELL = QUANTITATIVE EDGE
INSTITUTIONAL METRIC BIP MA SPREAD (A - B) ADVANTAGE DEDICATED URL
Gross Profit Margin 41.00% 41.00% 0.00 TIE /gross-margins <GO>
Return on Invested Capital (ROIC) 9.90% 33.50% -23.60 MA /roic <GO>
EV/EBITDA & P/E Valuation 21.0x 29.2x -8.20 BIP /valuation <GO>
Free Cash Flow Yield 2.21% 3.08% -0.87 MA /fcf-yield <GO>
Operating Margin 13.90% 57.60% -43.70 MA /operating-margins <GO>
Net Profit Margin 10.90% 45.60% -34.70 MA /net-margins <GO>
Revenue Growth (YoY) 17.60% 16.40% +1.20 BIP /revenue-growth <GO>
Dividend Yield & FCF Payout Safety 0.00% 0.49% -0.49 MA /dividend-safety <GO>
Altman Z-Score & Debt/Equity 3.74 11.17 -7.43 MA /balance-sheet <GO>
Piotroski F-Score Quality ACTIVE 8/9 8/9 0.00 TIE /piotroski-score <GO>
Options Implied Move & Put/Call Skew 7.30% 6.60% +0.70 MA /options-implied-move <GO>
RSI-14 & 200D SMA Momentum 55.3 70.6 -15.39 MA /rsi-technicals <GO>
10Y Yield & FRED Macro Beta 1.13 0.90 +0.23 BIP /macro-sensitivity <GO>
Forward P/E Multiple 27.6x 31.2x -3.60 BIP /forward-pe <GO>
Enterprise Scale & Market Cap $17.09B $556.88B -$539.79B MA /market-cap <GO>
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
FISCAL YEAR BIP REV MA REV BIP GROSS % MA GROSS % BIP FCF MA FCF
FY 2025 — $32.79B — 44.0% — $17.16B
FY 2024 — $28.17B — 44.0% — $14.31B
FY 2023 — $25.10B — 44.0% — $10.85B
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BIP // BETA 1.13
MA // BETA 0.90