Brookfield Corporation Financials

BAMGF

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

This page shows Brookfield Corporation (BAMGF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 Profile 26/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Brookfield Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Brookfield Corporation's revenue declined 12.7% year-over-year, from $86.0B to $75.1B. This contraction results in a growth score of 14/100.

Leverage

100

Brookfield Corporation carries a low D/E ratio of 0.09, meaning only $0.09 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While Brookfield Corporation generated $11.0B in operating cash flow, capex of $14.8B consumed most of it, leaving -$3.8B in free cash flow. This results in a low score of 15/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Brookfield Corporation generates a 1.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is up from 1.1% the prior year.

Piotroski F-Score Neutral

5/9

Brookfield Corporation passes 5 of 9 financial strength tests. 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

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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.

EBITDA

N/A

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.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$3.8B

YoY-5.3%

Brookfield Corporation generated -$3.8B in free cash flow in fiscal year 2025, representing cash available 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

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

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.

BAMGF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$75.1B-12.7%	$86.0B-10.3%	$95.9B+3.4%	$92.8B+22.5%	$75.7B+20.7%	$62.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	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
Net Income	$3.2B+74.6%	$1.9B-63.7%	$5.1B-1.7%	$5.2B-58.1%	$12.4B+1652.2%	$707.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

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
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BAMGF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$519.0B+5.8%	$490.4B+0.1%	$490.1B+11.1%	$441.3B+12.9%	$391.0B+13.8%	$343.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$16.2B+7.9%	$15.1B+34.1%	$11.2B-22.0%	$14.4B+13.4%	$12.7B+27.8%	$9.9B
Inventory	$5.9B+9.3%	$5.4B-23.3%	$7.1B-22.5%	$9.1B+6.4%	$8.6B+35.0%	$6.3B
Accounts Receivable	$22.8B+12.3%	$20.3B+0.1%	$20.3B+4.0%	$19.5B+21.1%	$16.1B+13.5%	$14.2B
Goodwill	$43.4B+21.3%	$35.7B+2.3%	$34.9B+21.8%	$28.7B+41.7%	$20.2B+37.5%	$14.7B
Total Liabilities	$352.8B+8.5%	$325.0B+1.0%	$321.9B+7.5%	$299.4B+16.8%	$256.3B+15.9%	$221.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
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
Total Equity	$166.2B+0.5%	$165.4B-1.7%	$168.2B+18.6%	$141.9B+5.3%	$134.7B+9.9%	$122.6B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

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
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BAMGF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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
Capital Expenditures	$14.8B+32.0%	$11.2B+38.5%	$8.1B+11.5%	$7.2B+5.2%	$6.9B+71.5%	$4.0B
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
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
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
Dividends Paid	$719.0M+8.4%	$663.0M+10.1%	$602.0M-41.5%	$1.0B-30.8%	$1.5B+71.4%	$867.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

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
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BAMGF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.3%+2.2pp	2.1%-3.2pp	5.3%-0.3pp	5.6%-10.8pp	16.4%+15.2pp	1.1%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.090.0	0.09+0.0	0.070.0	0.080.0	0.080.0	0.07
FCF Margin	-5.1%-0.9pp	-4.2%-2.5pp	-1.7%-3.3pp	1.6%+0.3pp	1.3%-5.6pp	6.9%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.09-2.0	2.13+2.0	0.09-1.9	1.97+1.9	0.07-1.9	1.98+1.9	0.08-2.0	2.07
FCF Margin	N/A	-4.1%	N/A	-7.3%	N/A	-5.3%	N/A	6.3%

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) generated -$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 9, indicating neutral financial health. 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.

How financially healthy is Brookfield Corporation?

Brookfield Corporation (BAMGF) scores 26 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.