BIP-PA
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on BIP-PA open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $23.10B | $21.04B | $17.93B | $14.43B | +9.8% |
| Operating revenue | $23.10B | $21.04B | $17.93B | $14.43B | +9.8% |
| Cost of revenue | $16.88B | $15.68B | $13.47B | $10.51B | +7.7% |
| Gross profit | $6.22B | $5.36B | $4.46B | $3.92B | +16.1% |
| Selling, general & admin | $426.00M | $405.00M | $413.00M | $433.00M | +5.2% |
| Total operating expense | $426.00M | $405.00M | $413.00M | $433.00M | +5.2% |
| Operating income | $5.80B | $4.96B | $4.05B | $3.48B | +16.9% |
| Net interest income | -$3.87B | -$3.39B | -$2.50B | -$1.85B | -14.2% |
| Pre-tax income | $3.12B | $1.95B | $2.03B | $1.94B | +59.8% |
| Tax provision | $589.00M | $270.00M | $581.00M | $560.00M | +118.1% |
| Net income | $771.00M | $351.00M | $367.00M | $341.00M | +119.7% |
| Net income to common | $449.00M | $57.00M | $102.00M | $101.00M | +687.7% |
| EBIT | $6.61B | $4.99B | $4.28B | $3.53B | +32.4% |
| EBITDA | $10.63B | $8.64B | $7.02B | $5.69B | +23.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.06B | $1.98B | $1.64B | $1.14B | +3.8% |
| Cash & short-term investments | $2.33B | $2.43B | $2.44B | $2.27B | -4.2% |
| Accounts receivable | $4.31B | $3.59B | $3.50B | $2.28B | +19.9% |
| Inventory | $583.00M | $454.00M | $512.00M | $531.00M | +28.4% |
| Total current assets | $11.98B | $9.61B | $7.98B | $6.69B | +24.7% |
| Property, plant & equipment | $66.80B | $50.85B | $48.55B | $37.29B | +31.4% |
| Goodwill & intangibles | $34.98B | $28.62B | $30.33B | $20.61B | +22.2% |
| Total assets | $128.15B | $104.59B | $100.78B | $72.97B | +22.5% |
| Total current liabilities | $15.26B | $10.90B | $11.71B | $8.38B | +40.0% |
| Current debt | $6.75B | $3.80B | $6.05B | $3.18B | +77.7% |
| Long-term debt | $57.78B | $47.44B | $39.89B | $27.23B | +21.8% |
| Total debt | $69.12B | $56.35B | $49.57B | $33.83B | +22.6% |
| Total liabilities | $92.61B | $74.74B | $66.77B | $47.41B | +23.9% |
| Shareholder equity | $0 | $0 | $0 | $0 | — |
| Working capital | -$3.28B | -$1.30B | -$3.73B | -$1.69B | -153.2% |
| Net tangible assets | -$34.98B | -$28.62B | -$30.33B | -$20.61B | -22.2% |
| Shares issued | 462.89M | 464.26M | 461.34M | 458.38M | -0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $2.53B | $1.68B | $1.45B | $1.38B | +50.4% |
| Depreciation & amortisation | $4.02B | $3.64B | $2.74B | $2.16B | +10.4% |
| Change in working capital | -$408.00M | -$226.00M | -$638.00M | -$904.00M | -80.5% |
| Operating cash flow | $5.97B | $4.65B | $4.08B | $3.13B | +28.3% |
| Capital expenditure | -$6.02B | -$4.97B | -$2.49B | -$2.77B | -21.1% |
| Investing cash flow | -$12.66B | -$6.90B | -$12.99B | -$3.37B | -83.5% |
| Share buybacks | -$190.00M | $0 | -$13.00M | -$243.00M | — |
| Dividends paid | -$1.74B | -$1.64B | -$1.52B | -$1.42B | -6.0% |
| Financing cash flow | $7.82B | $2.61B | $9.42B | $56.00M | +199.3% |
| Free cash flow | -$53.00M | -$322.00M | $1.59B | $356.00M | +83.5% |
| End cash position | $3.20B | $2.07B | $1.86B | $1.28B | +54.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $6.48B | $6.30B | $6.30B | $5.97B | $5.43B | +2.9% |
| Operating revenue | $6.48B | $6.30B | $6.30B | $5.97B | $5.43B | +2.9% |
| Cost of revenue | $4.89B | $4.61B | $4.50B | $4.42B | $4.00B | +6.2% |
| Gross profit | $1.59B | $1.70B | $1.80B | $1.56B | $1.43B | -6.3% |
| Selling, general & admin | $114.00M | $109.00M | $114.00M | $107.00M | $108.00M | +4.6% |
| Total operating expense | $114.00M | $109.00M | $114.00M | $107.00M | $108.00M | +4.6% |
| Operating income | $1.48B | $1.59B | $1.69B | $1.45B | $1.33B | -7.0% |
| Net interest income | -$1.07B | -$1.05B | -$1.05B | -$1.01B | -$909.00M | -2.5% |
| Pre-tax income | $678.00M | $255.00M | $997.00M | $1.04B | $409.00M | +165.9% |
| Tax provision | $189.00M | $107.00M | -$7.00M | $287.00M | $157.00M | +76.6% |
| Net income | $62.00M | $0 | $300.00M | $291.00M | $74.00M | — |
| Net income to common | -$24.00M | -$86.00M | $219.00M | $210.00M | -$6.00M | +72.1% |
| EBIT | $1.75B | $1.30B | $1.66B | $2.05B | $1.32B | +34.5% |
| EBITDA | $2.85B | $2.38B | $2.74B | $3.10B | $2.26B | +19.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.08B | $2.46B | $2.06B | $2.61B | $2.34B | +25.5% |
| Cash & short-term investments | $3.51B | $2.82B | $2.33B | $3.34B | $2.58B | +24.6% |
| Accounts receivable | $5.53B | $5.48B | $4.31B | $5.65B | $4.91B | +0.9% |
| Inventory | $558.00M | $576.00M | $583.00M | $583.00M | $470.00M | -3.1% |
| Total current assets | $10.93B | $8.87B | $11.98B | $11.88B | $12.17B | +23.2% |
| Property, plant & equipment | $63.69B | $66.36B | $66.80B | $62.59B | $52.50B | -4.0% |
| Goodwill & intangibles | $32.32B | $34.67B | $34.98B | $36.73B | $31.05B | -6.8% |
| Total assets | $121.95B | $124.51B | $128.15B | $124.30B | $108.69B | -2.1% |
| Total current liabilities | $12.30B | $12.97B | $15.26B | $13.99B | $13.77B | -5.1% |
| Current debt | $4.24B | $6.06B | $6.75B | $5.38B | $4.63B | -30.0% |
| Long-term debt | $58.22B | $58.43B | $57.78B | $56.54B | $47.99B | -0.4% |
| Total debt | $62.47B | $64.49B | $69.12B | $61.92B | $52.63B | -3.1% |
| Total liabilities | $89.42B | $90.28B | $92.61B | $89.83B | $79.04B | -0.9% |
| Shareholder equity | $0 | $0 | $0 | $0 | $0 | — |
| Working capital | -$1.37B | -$4.10B | -$3.28B | -$2.11B | -$1.60B | +66.5% |
| Net tangible assets | -$32.32B | -$34.67B | -$34.98B | -$36.73B | -$31.05B | +6.8% |
| Shares issued | 460.11M | 460.01M | 462.89M | 463.63M | 463.48M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $489.00M | $148.00M | $1.00B | $750.00M | $252.00M | +230.4% |
| Depreciation & amortisation | $1.09B | $1.07B | $1.07B | $1.05B | $941.00M | +1.9% |
| Change in working capital | -$8.00M | -$638.00M | $177.00M | $63.00M | -$75.00M | +98.7% |
| Operating cash flow | $1.49B | $893.00M | $2.04B | $1.87B | $1.19B | +67.2% |
| Capital expenditure | -$1.29B | -$2.11B | -$2.03B | -$2.10B | -$1.02B | +38.9% |
| Investing cash flow | -$491.00M | -$994.00M | -$1.96B | -$10.14B | -$460.00M | +50.6% |
| Share buybacks | $0 | — | -$79.00M | $0 | -$116.00M | — |
| Dividends paid | -$461.00M | -$461.00M | -$435.00M | -$435.00M | -$436.00M | 0.0% |
| Financing cash flow | -$335.00M | -$641.00M | $523.00M | $8.59B | $105.00M | +47.7% |
| Free cash flow | $202.00M | -$1.22B | $15.00M | -$235.00M | $169.00M | +116.6% |
| End cash position | $3.08B | $2.46B | $3.20B | $2.61B | $2.34B | +25.5% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $2.20B | -63.1% |
| Next quarter | — | — | $2.24B | -64.4% |
| Current year | — | — | $21.45B | -7.1% |
| Next year | — | — | $18.14B | -15.4% |
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Short interest
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Headlines
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