Brookfield Renewable Corporation (BEPC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.64	-$0.37	+42.2%	—	$1.1B	—
Q1 26	-$0.01	-$0.4	-3900.0%	—	$883M	—
Q3 25	-$0.01	-$0.17	-1600.0%	—	$931M	—
Q2 25	-$0.25	-$0.17	+32.0%	—	$952M	—
Q1 25	-$0.22	-$0.3	-36.4%	—	$907M	—
Q4 24	-$0.19	-$0.26	-36.8%	—	$987M	—
Q3 24	-$0.28	-$0.11	+60.7%	—	$1B	—
Q2 24	-$0.27	-$0.12	+55.6%	—	$989M	—
Q1 24	-$0.29	-$0.04	+86.2%	—	$1.1B	—
Q4 23	-$0.14	$0.02	+114.3%	—	$1.1B	—
Q3 23	-$0.1	-$0.14	-40.0%	—	$934M	—
Q2 23	-$0.07	-$0.1	-42.9%	—	$901M	—
Q1 23	-$0.09	-$0.09	0.0%	—	$1.1B	—
Q4 22	-$0.15	-$0.16	-6.7%	—	$956M	—
Q3 22	-$0.11	-$0.25	-127.3%	—	$896M	—
Q2 22	-$0.08	-$0.03	+62.5%	—	$997M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$13.1	—	—	$3.7B	—
FY24	—	$1.31	—	—	$4.1B	—
FY23	—	-$1.01	—	—	$4B	—
FY22	—	$8.73	—	—	$3.8B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2B	$3B	$3.2B	$3.1B	$3.4B	$3.8B	$4B	$4.1B	$3.7B
YoY change	—	+46.4%	+8.29%	-4.31%	+9.07%	+12.2%	+5%	+4.41%	-10%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2B	3B	3.2B	3.1B	3.4B	3.8B	4B	4.1B	3.7B
Cost of revenue	832M	1.1B	1.1B	1.1B	1.2B	1.2B	1.5B	1.8B	1.5B
Gross profit	1.2B	1.9B	2.2B	2B	2.2B	2.6B	2.5B	2.4B	2.2B
Gross margin	59.1%	64.7%	67.4%	65.6%	64.8%	68.9%	63%	57.3%	59.9%
Research & development	—	—	—	—	—	—	—	—	—
Selling, general & administrative	60M	71M	109M	152M	175M	—	—	—	—
Operating expenses	120M	142M	218M	304M	350M	169M	88M	106M	110M
Operating income	584M	993M	1.1B	801M	877M	1.2B	1.1B	1B	883M
Operating margin	28.7%	33.3%	33.5%	25.9%	26%	33%	26.7%	24.3%	23.7%
Non-operating income, net	31M	-57M	-101M	-2.9B	1B	1.7B	492M	1.2B	-1.7B
Pretax income	177M	266M	279M	-2.9B	1B	2B	381M	600M	-2.4B
Income tax	114M	-312M	67M	-73M	87M	118M	73M	167M	-13M
Net income	63M	578M	212M	-2.8B	930M	1.9B	308M	433M	-2.3B
Net margin	3.1%	19.4%	6.57%	-91.3%	27.6%	49%	7.76%	10.5%	-62.8%
EBITDA	1.2B	1.7B	2B	-834M	3.1B	4.3B	2.8B	3B	470M
EPS	-0.02	0.24	0.54	-15.9	5.49	8.73	-1.01	1.31	-13.1
Diluted EPS	-0.02	0.24	0.54	-15.9	5.49	8.73	-1.01	1.31	-13.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	934M	1.1B	1.1B	989M	1B	987M	907M	952M	931M	938M	883M	1.1B
Cost of revenue	388M	466M	484M	419M	407M	457M	368M	353M	370M	404M	415M	453M
Gross profit	546M	600M	641M	570M	634M	530M	539M	599M	561M	534M	468M	623M
Gross margin	58.5%	56.3%	57%	57.6%	60.9%	53.7%	59.4%	62.9%	60.3%	56.9%	53%	57.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	26M	-6M	21M	22M	28M	35M	23M	26M	26M	35M	46M	45M
Operating income	200M	206M	275M	236M	293M	203M	209M	254M	222M	198M	128M	277M
Operating margin	21.4%	19.3%	24.4%	23.9%	28.1%	20.6%	23%	26.7%	23.8%	21.1%	14.5%	25.7%
Non-operating income, net	1.5B	-501M	612M	-228M	-602M	1.4B	206M	-1.3B	-58M	-575M	-2.1B	-638M
Pretax income	1.4B	-537M	524M	-333M	-637M	1B	2M	-1.4B	-234M	-676M	-2.3B	-748M
Income tax	27M	-35M	33M	6M	27M	101M	7M	-1M	-9M	-10M	-21M	37M
Net income	1.4B	-502M	491M	-339M	-664M	945M	-5M	-1.4B	-225M	-666M	-2.3B	-785M
Net margin	146.7%	-47.1%	43.6%	-34.3%	-63.8%	95.7%	-0.55%	-152%	-24.2%	-71%	-260.7%	-73%
EBITDA	2B	93M	1.2B	283M	-8M	1.5B	743M	-678M	482M	-77M	-1.6B	-47M
EPS	7.46	-4.16	2.73	-1.9	-3.75	4.24	0.03	-7.85	-1.3	-3.93	-12	-4.26
Diluted EPS	7.46	-4.16	2.73	-1.9	-3.75	4.24	0.03	-7.85	-1.3	-3.93	-12	-4.26

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	6.3B	4.7B	5.2B	5B	6.9B	5.2B
Enterprise value	—	—	—	—	19.8B	18.4B	21.3B	18.7B	21.8B	34.5B
Shares outstanding	306.3M	306.3M	306.3M	172.2M	172.2M	172.2M	179.7M	179.6M	179.6M	179.6M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	6.82	2.56	16.8	11.5	—	21.5
P/S	—	—	—	—	1.88	1.26	1.3	1.2	1.85	1.38
P/B	—	—	—	—	0.45	0.28	0.3	0.41	0.75	0.77
EV/EBITDA	—	—	—	—	6.32	4.32	7.71	6.28	46.4	17
EV/Sales	—	—	—	—	5.89	4.87	5.37	4.51	5.85	9.02
Earnings yield	—	—	—	—	14.7%	39%	5.95%	8.71%	—	4.64%
FCF yield	—	—	—	—	-15.1%	9.21%	11.1%	-8.05%	-9.24%	20%
PEG	—	—	—	—	—	—	—	—	—	-0.47

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	59.1%	64.7%	67.4%	65.6%	64.8%	68.9%	63%	57.3%	59.9%	57.9%
Operating margin	28.7%	33.3%	33.5%	25.9%	26%	33%	26.7%	24.3%	23.7%	25.7%
Net margin	3.1%	19.4%	6.57%	-91.3%	27.6%	49%	7.76%	10.5%	-62.8%	-102.3%
ROE	—	4.04%	1.19%	-24%	6.54%	11%	1.8%	3.58%	-25.4%	-45.5%
ROA	—	2.47%	0.59%	-7.14%	2.22%	4.27%	0.62%	0.98%	-5.06%	1.09%
ROIC	—	5.03%	2.75%	3.26%	2.9%	3.84%	2.58%	2.82%	3.65%	3.84%
Return on tangible assets	—	2.66%	0.64%	-7.61%	2.33%	4.47%	0.65%	1.01%	-5.25%	-8.47%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	1.1	0.96	0.16	0.26	0.47	0.4	0.28	0.26	0.4
Quick ratio	—	1.1	0.93	0.16	0.26	0.47	0.39	0.27	0.25	0.4
Debt / equity	—	0.39	0.69	1.13	0.98	0.84	0.97	1.16	1.69	2.29
Debt / assets	—	0.24	0.34	0.33	0.33	0.33	0.34	0.32	0.34	0.32
Net debt / EBITDA	—	3.13	6.13	-15.4	4.3	3.21	5.84	4.61	31.8	-12
Interest coverage	1.4	1.4	1.4	-2.54	2.13	2.91	1.3	1.36	-0.41	-1.5
Effective tax rate	64.4%	0%	24%	0%	8.55%	6%	19.2%	27.8%	0%	0%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	6.64	9.73	10.5	17.9	19.6	21.9	22.1	23.1	20.8	11.1
EPS (basic)	-0.02	0.24	0.54	-15.9	5.49	8.73	-1.01	1.31	-13.1	-13.1
EPS (diluted)	-0.02	0.24	0.54	-15.9	5.49	8.73	-1.01	1.31	-13.1	-21.3
Book value per share	—	46.7	58.4	68.1	82.6	97.7	95.3	67.4	51.4	-9.62
FCF per share	0.94	3.22	3.1	3.6	-5.57	2.54	3.2	-2.23	-3.54	-2.72
Cash per share	—	0.31	0.99	2.06	2.38	2.53	2.45	2.18	3.55	2.36
Capex per share	0.74	0.68	1.33	2.17	7.86	4.92	5.72	5.28	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	11.1%	6.95%	12.6%	12.1%	40.2%	22.4%	25.9%	22.9%	—	—
Capex / operating cash flow	42%	16.3%	30%	35.4%	245.7%	91.7%	57.4%	136%	—	—
Payout ratio	427%	85.6%	296.2%	-8.34%	0%	4.22%	0%	0%	-0.21%	108.1%
Dividend yield	—	—	—	—	0%	1.64%	0%	0%	0.07%	5.61%

Yield

5.61%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.392

ex-dividend Aug 31, 2026

Payout ratio

108%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.392
May 29, 2026	$0.392
Feb 27, 2026	$0.392
Nov 28, 2025	$0.373
Aug 29, 2025	$0.373
May 30, 2025	$0.373
Feb 28, 2025	$0.373
Nov 29, 2024	$0.355

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$934M	$1.1B	$1.1B	$989M	$1B	$987M	$907M	$952M	$931M	$938M	$883M	$1.1B
YoY change	+4.24%	+11.5%	+5.53%	+9.77%	+11.5%	-7.41%	-19.4%	-3.74%	-10.6%	-4.96%	-2.65%	+13%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	94M	304M	355M	410M	435M	441M	392M	637M
Receivables	282M	453M	471M	502M	506M	503M	462M	532M
Inventory	—	37M	22M	20M	18M	65M	35M	32M
Total current assets	889M	1.4B	1.6B	2.3B	3.4B	3.3B	3.1B	3.9B
Property, plant & equipment	257M	5.5B	600M	964M	1.3B	2B	1.6B	-14.6B
Goodwill & intangibles	1.7B	2.4B	2.4B	2.1B	1.9B	1.7B	1.4B	1.6B
Total assets	23.4B	35.8B	39.5B	42B	43.3B	49.4B	44.1B	46.3B
Accounts payable	60M	118M	114M	118M	154M	184M	172M	338M
Short-term debt	364M	623M	805M	1.5B	1.3B	1.9B	1.3B	2.8B
Total current liabilities	810M	1.4B	9.8B	9B	7.3B	8.3B	11.3B	15.5B
Long-term debt	5.2B	11.7B	12.4B	12.4B	12.8B	14.7B	12.8B	12.8B
Total liabilities	9.1B	17.9B	27.7B	27.8B	26.5B	32.3B	32B	37B
Shareholders' equity	14.3B	17.9B	11.7B	14.2B	16.8B	17.1B	12.1B	9.2B
Total debt	5.5B	12.3B	13.2B	13.9B	14.1B	16.6B	14.1B	15.6B
Net debt	5.4B	12B	12.9B	13.5B	13.6B	16.1B	13.7B	14.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	328M	441M	513M	389M	495M	392M	483M	523M	522M	637M	614M	717M
Receivables	482M	503M	502M	442M	517M	462M	479M	525M	518M	532M	560M	592M
Inventory	23M	65M	27M	24M	30M	35M	38M	49M	51M	32M	33M	32M
Total current assets	2.7B	3.3B	2.8B	2.9B	4.4B	3.1B	2.8B	3.7B	5.9B	3.9B	6B	7.2B
Property, plant & equipment	1.6B	2B	1.4B	1.3B	1.4B	1.6B	1.7B	1.7B	1.6B	-14.6B	—	2B
Goodwill & intangibles	1.6B	1.7B	1.7B	1.6B	1.5B	1.4B	1.5B	1.5B	1.6B	1.6B	1.6B	1.7B
Total assets	43.8B	49.4B	44.2B	42.6B	42.9B	44.1B	45B	46B	47.3B	46.3B	47B	48.7B
Accounts payable	166M	184M	132M	125M	215M	172M	137M	134M	359M	338M	247M	282M
Short-term debt	1.1B	1.9B	1.4B	1.4B	1.2B	1.3B	1.4B	1.6B	1.9B	2.8B	2.4B	1.3B
Total current liabilities	6.1B	8.3B	7.1B	7.3B	8.7B	11.3B	11.2B	13.7B	15.1B	15.5B	17.9B	18.2B
Long-term debt	12.7B	14.7B	13.1B	12.8B	12.6B	12.8B	12.8B	12.8B	12.8B	12.8B	12.7B	14.1B
Total liabilities	26B	32.3B	28.2B	27.8B	28.7B	32B	32.5B	35.3B	36.8B	37B	40B	41.9B
Shareholders' equity	17.8B	17.1B	16B	14.8B	14.2B	12.1B	12.4B	10.8B	10.5B	9.2B	7B	6.7B
Total debt	13.8B	16.6B	14.5B	14.2B	13.8B	14.1B	14.1B	14.4B	14.7B	15.6B	15B	15.4B
Net debt	13.5B	16.1B	14.1B	13.8B	13.5B	13.7B	13.8B	13.9B	14.2B	14.9B	14.4B	14.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	63M	578M	212M	-2.8B	930M	1.9B	308M	433M	-2.3B
Depreciation & amortization	559M	862M	983M	1.1B	1.1B	1.2B	1.3B	1.3B	1.2B
Stock-based compensation	—	—	—	—	—	—	—	—	—
Change in working capital	7M	-33M	-18M	-18M	-368M	-278M	456M	-221M	-78M
Operating cash flow	538M	1.3B	1.4B	1.1B	551M	924M	1.8B	698M	502M
Capital expenditure	-226M	-207M	-406M	-373M	-1.4B	-847M	-1B	-949M	—
Investing cash flow	-209M	-1B	-1.1B	-437M	-1B	-738M	-1B	-665M	562M
Dividends paid	-269M	-495M	-628M	-235M	0	-78M	0	0	-5M
Share repurchases	—	—	—	—	—	—	—	—	—
Financing cash flow	-362M	-60M	-288M	-475M	678M	-402M	-636M	192M	96M
Net change in cash	-33M	171M	-35M	143M	202M	-216M	137M	225M	1.2B
Free cash flow	287M	986M	950M	619M	-959M	437M	575M	-400M	-636M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	1.4B	-502M	491M	-339M	-664M	945M	-5M	-1.4B	-225M	-666M	-2.3B	-785M
Depreciation & amortization	320M	389M	345M	312M	313M	292M	307M	319M	313M	301M	294M	301M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	43M	-262M	-47M	-113M	36M	41M	5M	-9M	60M	-100M	-51M	21M
Operating cash flow	304M	18M	270M	164M	343M	59M	106M	132M	259M	-6M	57M	246M
Capital expenditure	-185M	-523M	-277M	-199M	-162M	-311M	-248M	-302M	—	—	—	—
Investing cash flow	-53M	-643M	-371M	-51M	-118M	450M	-252M	-36M	-104M	404M	-56M	-29M
Dividends paid	0	—	—	—	—	—	—	-5M	0	0	—	0
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-310M	267M	137M	-82M	-166M	303M	104M	-179M	109M	62M	177M	172M
Net change in cash	-59M	-358M	36M	31M	59M	812M	-42M	-83M	264M	460M	178M	389M
Free cash flow	103M	-52M	-20M	-59M	146M	-467M	-138M	-163M	19M	-354M	-138M	-31M

Brookfield Renewable Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement