Brookfield Corporation Financials

BAMGF

FY2025 annual

Revenue $75.1B -12.7% YoY

Net Income $3.2B +74.6% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow -$3.8B -5.3% YoY

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 Currency USD FYE December

Brookfield Corporation (BAMGF) reported $75.1B in revenue for fiscal year 2025, down 12.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BAMGF FY2025 2026-04-22

Positive earnings are being outweighed by heavy reinvestment, leaving Brookfield larger each year but not yet a free-cash generator.

Cash conversion is the key tell: operating cash flow reached $11.0B, yet free cash flow stayed at -$3.8B for a third straight year of outflow. That means reported profit is real enough to produce cash before reinvestment, but the business currently channels that cash back into assets, making growth visible on the balance sheet before it becomes visible in distributable cash.

Return on assets slid from 3.2% to 0.6% over the period, so the larger balance sheet is producing much less earnings per dollar of assets. Return on equity weakened in parallel, which suggests the issue is not just revenue softness but a lower profit yield on both shareholder capital and the asset base already in place.

Liquidity was preserved even with negative free cash flow: cash ended at $16.2B while free cash flow was -$3.8B, indicating the cash cushion was supported by financing rather than by surplus internal cash. Goodwill climbed to $43.4B against equity of $166.2B, suggesting a growing share of book value reflects acquired value rather than cash retained from operations.

Financial Health Signals

Financial health score pending refresh

We are recalculating Brookfield Corporation's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

5/6

Brookfield Corporation passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.39x

For every $1 of reported earnings, Brookfield Corporation generates $3.39 in operating cash flow ($11.0B OCF vs $3.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$75.1B

YoY-12.7%

5Y CAGR+3.7%

Brookfield Corporation generated $75.1B in revenue in fiscal year 2025. This represents a decrease of 12.7% from the prior year.

Net Income

$3.2B

YoY+74.6%

5Y CAGR+35.5%

Brookfield Corporation reported $3.2B in net income in fiscal year 2025. This represents an increase of 74.6% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

-$3.8B

YoY-5.3%

Brookfield Corporation recorded an outflow of $3.8B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 5.3% from the prior year.

Cash & Debt

$16.2B

YoY+7.9%

5Y CAGR+10.3%

Brookfield Corporation held $16.2B in cash against $14.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

4.3%

YoY+2.2pp

5Y CAGR+3.2pp

Brookfield Corporation's net profit margin was 4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.

Return on Equity

1.9%

YoY+0.8pp

5Y CAGR+1.4pp

Brookfield Corporation's ROE was 1.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$14.8B

YoY+32.0%

5Y CAGR+29.7%

Brookfield Corporation invested $14.8B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 32.0% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

BAMGF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BAMGF annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$75.1B-12.7%	$86.0B-10.3%	$95.9B+3.4%	$92.8B+22.5%	$75.7B+20.7%	$62.8B-7.5%	$67.8B+19.5%	$56.8B+39.2%	$40.8B+67.1%	$24.4B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	$206.0M	N/A	N/A	N/A
Income Tax	$1.1B+15.6%	$982.0M-2.9%	$1.0B-31.2%	$1.5B-36.8%	$2.3B+177.7%	$837.0M+69.1%	$495.0M+299.6%	-$248.0M-140.5%	$613.0M+277.7%	-$345.0M
Net Income	$3.2B+74.6%	$1.9B-63.7%	$5.1B-1.7%	$5.2B-58.1%	$12.4B+1652.2%	$707.0M-86.8%	$5.4B-28.5%	$7.5B+64.5%	$4.6B+36.3%	$3.3B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$18.1B	N/A	$23.1B	N/A	$23.7B	N/A	$23.3B
Income Tax	N/A	$134.0M	N/A	$304.0M	N/A	$409.0M	N/A	$141.0M
Net Income	N/A	$1.1B	N/A	-$285.0M	N/A	$1.5B	N/A	$1.5B

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).

BAMGF Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BAMGF annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$519.0B+5.8%	$490.4B+0.1%	$490.1B+11.1%	$441.3B+12.9%	$391.0B+13.8%	$343.7B+6.1%	$324.0B+26.4%	$256.3B+33.0%	$192.7B+20.6%	$159.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$9.6B+41.0%	$6.8B
Cash & Equivalents	$16.2B+7.9%	$15.1B+34.1%	$11.2B-22.0%	$14.4B+13.4%	$12.7B+27.8%	$9.9B+46.5%	$6.8B-19.2%	$8.4B+63.3%	$5.1B+19.5%	$4.3B
Inventory	$5.9B+9.3%	$5.4B-23.3%	$7.1B-22.5%	$9.1B+6.4%	$8.6B+35.0%	$6.3B-10.2%	$7.1B+54.1%	$4.6B+27.7%	$3.6B+20.0%	$3.0B
Accounts Receivable	$22.8B+12.3%	$20.3B+0.1%	$20.3B+4.0%	$19.5B+21.1%	$16.1B+13.5%	$14.2B+2.3%	$13.9B+16.4%	$11.9B+40.3%	$8.5B+30.8%	$6.5B
Goodwill	$43.4B+21.3%	$35.7B+2.3%	$34.9B+21.8%	$28.7B+41.7%	$20.2B+37.5%	$14.7B+1.1%	$14.6B+65.1%	$8.8B+65.8%	$5.3B+40.5%	$3.8B
Total Liabilities	$352.8B+8.5%	$325.0B+1.0%	$321.9B+7.5%	$299.4B+16.8%	$256.3B+15.9%	$221.1B+6.7%	$207.1B+30.2%	$159.1B+41.0%	$112.8B+25.2%	$90.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.3B-3.6%	$10.7B
Long-Term Debt	$14.3B+0.5%	$14.2B+17.0%	$12.2B+6.8%	$11.4B+4.7%	$10.9B+19.8%	$9.1B+28.2%	$7.1B+10.5%	$6.4B+13.3%	$5.7B-89.2%	$52.4B
Total Equity	$166.2B+0.5%	$165.4B-1.7%	$168.2B+18.6%	$141.9B+5.3%	$134.7B+9.9%	$122.6B+5.0%	$116.8B+20.3%	$97.2B+21.6%	$79.9B+14.6%	$69.7B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$519.0B+2.5%	$506.1B+3.2%	$490.4B-1.4%	$497.3B+1.5%	$490.1B+5.8%	$463.1B+5.0%	$441.3B+7.1%	$411.9B
Cash & Equivalents	$16.2B+18.5%	$13.7B-9.0%	$15.1B+33.8%	$11.2B+0.2%	$11.2B-9.7%	$12.4B-13.7%	$14.4B+18.0%	$12.2B
Inventory	$5.9B-1.5%	$6.0B+11.0%	$5.4B-26.5%	$7.4B+4.5%	$7.1B-21.2%	$9.0B-1.7%	$9.1B-1.6%	$9.3B
Accounts Receivable	$22.8B+3.2%	$22.1B+8.8%	$20.3B+1.7%	$19.9B-1.6%	$20.3B-2.3%	$20.7B+6.4%	$19.5B-2.2%	$19.9B
Goodwill	$43.4B+12.1%	$38.7B+8.2%	$35.7B+4.3%	$34.3B-1.8%	$34.9B+8.0%	$32.3B+12.8%	$28.7B+29.7%	$22.1B
Total Liabilities	$352.8B+2.4%	$344.4B+6.0%	$325.0B-1.4%	$329.8B+2.5%	$321.9B+4.7%	$307.6B+2.7%	$299.4B+7.8%	$277.9B
Long-Term Debt	$14.3B	N/A	$14.2B	N/A	$12.2B	N/A	$11.4B	N/A
Total Equity	$166.2B+2.8%	$161.6B-2.3%	$165.4B-1.3%	$167.6B-0.4%	$168.2B+8.1%	$155.6B+9.6%	$141.9B+5.9%	$134.0B

Not reported in any period shown, so not listed: Retained Earnings.

BAMGF Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BAMGF annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	$11.0B+44.8%	$7.6B+17.0%	$6.5B-26.1%	$8.8B+11.1%	$7.9B-5.6%	$8.3B+31.8%	$6.3B+22.7%	$5.2B+28.8%	$4.0B+29.9%	$3.1B
Capital Expenditures	$14.8B+32.0%	$11.2B+38.5%	$8.1B+11.5%	$7.2B+5.2%	$6.9B+71.5%	$4.0B+31.4%	$3.1B+55.6%	$2.0B+16.1%	$1.7B+14.8%	$1.5B
Free Cash Flow	-$3.8B-5.3%	-$3.6B-124.9%	-$1.6B-205.7%	$1.5B+52.6%	$993.0M-77.1%	$4.3B+32.2%	$3.3B+2.4%	$3.2B+38.1%	$2.3B+43.7%	$1.6B
Investing Cash Flow	-$31.8B-6.1%	-$30.0B-0.7%	-$29.8B+24.9%	-$39.6B-88.4%	-$21.0B-51.7%	-$13.9B+62.2%	-$36.7B-84.9%	-$19.8B-74.1%	-$11.4B-33.2%	-$8.6B
Financing Cash Flow	$21.7B-19.4%	$26.9B+35.0%	$19.9B-38.6%	$32.5B+99.6%	$16.3B+87.0%	$8.7B-69.7%	$28.7B+58.5%	$18.1B+121.6%	$8.2B+17.0%	$7.0B
Dividends Paid	$719.0M+8.4%	$663.0M+10.1%	$602.0M-41.5%	$1.0B-30.8%	$1.5B+71.4%	$867.0M+12.3%	$772.0M+6.3%	$726.0M+6.0%	$685.0M+8.2%	$633.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$2.0B	N/A	$698.0M	N/A	$406.0M	N/A	$3.1B
Capital Expenditures	N/A	$2.8B	N/A	$2.4B	N/A	$1.7B	N/A	$1.7B
Free Cash Flow	N/A	-$745.0M	N/A	-$1.7B	N/A	-$1.2B	N/A	$1.5B
Investing Cash Flow	N/A	-$5.9B	N/A	-$8.3B	N/A	-$862.0M	N/A	-$15.5B
Financing Cash Flow	N/A	$5.1B	N/A	$7.4B	N/A	-$228.0M	N/A	$13.1B
Dividends Paid	N/A	$180.0M	N/A	$166.0M	N/A	$151.0M	N/A	$256.0M

Not reported in any period shown, so not listed: Share Buybacks.

BAMGF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BAMGF annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Net Margin	4.3%+2.2pp	2.1%-3.2pp	5.3%-0.3pp	5.6%-10.8pp	16.4%+15.2pp	1.1%-6.8pp	7.9%-5.3pp	13.2%+2.0pp	11.2%-2.5pp	13.7%
Return on Equity	1.9%+0.8pp	1.1%-1.9pp	3.0%-0.6pp	3.7%-5.5pp	9.2%+8.6pp	0.6%-4.0pp	4.6%-3.1pp	7.7%+2.0pp	5.7%+0.9pp	4.8%
Return on Assets	0.6%+0.2pp	0.4%-0.7pp	1.0%-0.1pp	1.2%-2.0pp	3.2%+3.0pp	0.2%-1.4pp	1.7%-1.3pp	2.9%+0.6pp	2.4%+0.3pp	2.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.94+0.3x	0.64
Debt-to-Equity	0.090.0x	0.090.0x	0.070.0x	0.080.0x	0.080.0x	0.070.0x	0.060.0x	0.070.0x	0.07-0.7x	0.75
FCF Margin	-5.1%-0.9pp	-4.2%-2.5pp	-1.7%-3.3pp	1.6%+0.3pp	1.3%-5.6pp	6.9%+2.1pp	4.8%-0.8pp	5.6%-0.1pp	5.7%-0.9pp	6.6%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Net Margin	N/A	5.8%	N/A	-1.2%	N/A	6.4%	N/A	6.3%
Return on Equity	N/A	0.7%	N/A	-0.2%	N/A	1.0%	N/A	1.1%
Return on Assets	N/A	0.2%	N/A	-0.1%	N/A	0.3%	N/A	0.4%
Debt-to-Equity	0.09-2.0x	2.13+2.0x	0.09-1.9x	1.97+1.9x	0.07-1.9x	1.98+1.9x	0.08-2.0x	2.07
FCF Margin	N/A	-4.1%	N/A	-7.3%	N/A	-5.3%	N/A	6.3%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

Where Brookfield Corporation Ranks

Frequently Asked Questions

What is Brookfield Corporation's annual revenue?

Brookfield Corporation (BAMGF) reported $75.1B in total revenue for fiscal year 2025. This represents a -12.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Corporation's revenue growing?

Brookfield Corporation (BAMGF) revenue declined by 12.7% year-over-year, from $86.0B to $75.1B in fiscal year 2025.

Is Brookfield Corporation profitable?

Yes, Brookfield Corporation (BAMGF) reported a net income of $3.2B in fiscal year 2025, with a net profit margin of 4.3%.

How much debt does Brookfield Corporation have?

As of fiscal year 2025, Brookfield Corporation (BAMGF) had $16.2B in cash and equivalents against $14.3B in long-term debt.

What is Brookfield Corporation's net profit margin?

Brookfield Corporation (BAMGF) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Corporation's return on equity (ROE)?

Brookfield Corporation (BAMGF) has a return on equity of 1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Corporation's free cash flow?

Brookfield Corporation (BAMGF) recorded an outflow of $3.8B in free cash flow during fiscal year 2025. This represents a -5.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Brookfield Corporation's operating cash flow?

Brookfield Corporation (BAMGF) generated $11.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Corporation's total assets?

Brookfield Corporation (BAMGF) had $519.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Corporation's capital expenditures?

Brookfield Corporation (BAMGF) invested $14.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Brookfield Corporation's debt-to-equity ratio?

Brookfield Corporation (BAMGF) had a debt-to-equity ratio of 0.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Corporation's return on assets (ROA)?

Brookfield Corporation (BAMGF) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Corporation's Piotroski F-Score?

Brookfield Corporation (BAMGF) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Corporation's earnings high quality?

Brookfield Corporation (BAMGF) has an earnings quality ratio of 3.39x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.