Brookfield Business Partners Financials

BBU

FY2025 annual

Revenue $27.5B -32.4% YoY

Net Income $387.0M -56.8% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow Not reported for FY2025

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

Brookfield Business Partners (BBU) reported $27.5B in revenue for fiscal year 2025, down 32.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 BBU FY2025 2026-08-15

Stable operating cash flow is carrying a business whose reported revenue and earnings have shrunk much faster than its asset base.

Across the recent period, revenue fell from $55.1B to $27.5B. With depreciation and amortization at $3.0B and operating cash flow near $3.2B, the much smaller net income looks more influenced by noncash charges than by a collapse in underlying cash generation, so profit understates how much cash the assets are still producing.

The liquidity picture improved as the current ratio moved from 1.0x to 1.7x. That came from a lighter near-term bill stack, with current liabilities down to $9.0B while cash rose to $3.5B, giving the business more room to absorb timing swings in receivables and inventory.

What improved was liquidity, not a fully light balance sheet: the latest year still carried $60.5B of liabilities against $15.3B of equity. With total assets still near $75.8B, the company looks more like an asset-heavy platform being reshaped than a simple sales-volume business, which is why falling revenue alone does not describe the full operating scale.

Financial Health Signals

Financial health score not available

Brookfield Business Partners does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

Brookfield Business Partners passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

8.35x

For every $1 of reported earnings, Brookfield Business Partners generates $8.35 in operating cash flow ($3.2B OCF vs $387.0M 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

$27.5B

YoY-32.4%

5Y CAGR-6.1%

10Y CAGR+15.1%

Brookfield Business Partners generated $27.5B in revenue in fiscal year 2025. This represents a decrease of 32.4% from the prior year.

Net Income

$387.0M

YoY-56.8%

5Y CAGR-7.8%

10Y CAGR+3.7%

Brookfield Business Partners reported $387.0M in net income in fiscal year 2025. This represents a decrease of 56.8% from the prior year.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$3.5B

YoY+9.5%

5Y CAGR+5.3%

10Y CAGR+25.9%

Brookfield Business Partners held $3.5B in cash against $611.0M in long-term debt as of fiscal year 2025, with $9.0B of liabilities due within a year.

Shares Outstanding

88M

YoY+18.1%

5Y CAGR+2.1%

Brookfield Business Partners had 88M shares outstanding in fiscal year 2025. This represents an increase of 18.1% from the prior year.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

1.4%

YoY-0.8pp

5Y CAGR-0.1pp

10Y CAGR-2.6pp

Brookfield Business Partners's net profit margin was 1.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.8 percentage points from the prior year.

Return on Equity

2.5%

YoY-2.6pp

5Y CAGR-2.6pp

10Y CAGR-6.2pp

Brookfield Business Partners's ROE was 2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

BBU Income Statement

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

BBU annual income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$27.5B-32.4%	$40.6B-26.2%	$55.1B-4.0%	$57.4B+23.2%	$46.6B+23.8%	$37.6B-12.5%	$43.0B+15.8%	$37.2B+62.9%	$22.8B+186.7%	$8.0B+17.9%	$6.8B
Interest Expense	$50.0M-20.6%	$63.0M-8.7%	$69.0M+9.5%	$63.0M+21.2%	$52.0M-10.3%	$58.0M+18.4%	$49.0M	N/A	N/A	N/A	N/A
Income Tax	$93.0M+130.9%	-$301.0M-447.3%	-$55.0M+82.8%	-$319.0M-293.3%	$165.0M+7.1%	$154.0M-19.8%	$192.0M+95.9%	$98.0M+1125.0%	$8.0M+150.0%	-$16.0M-129.6%	$54.0M
Net Income	$387.0M-56.8%	$895.0M-76.3%	$3.8B+1473.8%	$240.0M-88.9%	$2.2B+271.2%	$580.0M+33.6%	$434.0M-63.9%	$1.2B+459.5%	$215.0M+206.4%	-$202.0M-175.1%	$269.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$6.7B	N/A	$11.9B	N/A	$13.5B	N/A	$14.6B
Net Income	N/A	$135.0M	N/A	$65.0M	N/A	$41.0M	N/A	$280.0M

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

BBU Balance Sheet

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

BBU annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$75.8B+0.4%	$75.5B-8.4%	$82.4B-7.7%	$89.3B+39.0%	$64.2B+17.3%	$54.7B+5.8%	$51.8B+89.4%	$27.3B+72.9%	$15.8B+92.9%	$8.2B	N/A
Current Assets	$15.0B-1.9%	$15.3B+3.1%	$14.9B-18.6%	$18.3B+18.7%	$15.4B+6.4%	$14.5B+13.3%	$12.8B+30.8%	$9.8B+52.0%	$6.4B+57.8%	$4.1B	N/A
Cash & Equivalents	$3.5B+9.5%	$3.2B-0.4%	$3.3B+13.3%	$2.9B+10.9%	$2.6B-5.7%	$2.7B+38.1%	$2.0B+1.9%	$1.9B+76.2%	$1.1B+5.3%	$1.1B+196.6%	$354.0M
Inventory	$2.6B+6.0%	$2.4B-34.1%	$3.7B-29.3%	$5.2B+14.9%	$4.5B+22.1%	$3.7B+5.9%	$3.5B+123.4%	$1.6B+46.3%	$1.1B+366.4%	$229.0M	N/A
Accounts Receivable	$6.5B+26.5%	$5.2B-6.8%	$5.6B-13.2%	$6.4B+29.4%	$4.9B+14.8%	$4.3B-10.4%	$4.8B+11.6%	$4.3B+24.7%	$3.5B+102.8%	$1.7B	N/A
Goodwill	$13.3B+8.8%	$12.2B-13.4%	$14.1B-8.7%	$15.5B+80.3%	$8.6B+63.7%	$5.2B+0.5%	$5.2B+116.4%	$2.4B+55.1%	$1.6B+34.9%	$1.2B	N/A
Total Liabilities	$60.5B+3.9%	$58.2B-8.9%	$63.9B-9.8%	$70.8B+38.3%	$51.2B+18.0%	$43.4B+6.7%	$40.7B+95.4%	$20.8B+113.8%	$9.7B+134.4%	$4.2B	N/A
Current Liabilities	$9.0B-26.2%	$12.2B-15.2%	$14.4B-13.9%	$16.7B+19.9%	$13.9B+14.7%	$12.1B+10.1%	$11.0B+22.3%	$9.0B+58.5%	$5.7B+122.6%	$2.6B	N/A
Long-Term Debt	$611.0M-16.2%	$729.0M-34.0%	$1.1B-13.3%	$1.3B-1.5%	$1.3B+13.2%	$1.1B+3.0%	$1.1B-89.8%	$10.9B+232.8%	$3.3B+110.5%	$1.6B	N/A
Total Equity	$15.3B-11.5%	$17.3B-6.6%	$18.5B+0.6%	$18.4B+41.6%	$13.0B+14.8%	$11.3B+2.6%	$11.1B+70.2%	$6.5B+12.2%	$5.8B+43.4%	$4.0B+30.9%	$3.1B

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$75.8B+0.6%	$75.3B-0.2%	$75.5B-7.4%	$81.5B-1.0%	$82.4B-8.8%	$90.3B+1.2%	$89.3B+15.5%	$77.3B
Current Assets	$15.0B-5.3%	$15.9B+3.6%	$15.3B+3.5%	$14.8B-0.5%	$14.9B-20.8%	$18.8B+2.7%	$18.3B+1.4%	$18.0B
Cash & Equivalents	$3.5B+6.5%	$3.3B+2.8%	$3.2B+9.5%	$3.0B-9.0%	$3.3B+7.6%	$3.0B+5.3%	$2.9B+19.6%	$2.4B
Inventory	$2.6B-10.7%	$2.9B+18.8%	$2.4B-38.0%	$3.9B+6.2%	$3.7B-26.2%	$5.0B-4.2%	$5.2B-5.3%	$5.5B
Accounts Receivable	$6.5B+5.8%	$6.2B+19.6%	$5.2B-9.3%	$5.7B+2.7%	$5.6B-10.5%	$6.2B-3.0%	$6.4B+8.4%	$5.9B
Goodwill	$13.3B+0.2%	$13.3B+8.6%	$12.2B-12.0%	$13.9B-1.6%	$14.1B-8.1%	$15.4B-0.7%	$15.5B+56.2%	$9.9B
Total Liabilities	$60.5B+0.7%	$60.0B+3.2%	$58.2B-8.1%	$63.3B-0.8%	$63.9B-10.6%	$71.4B+0.8%	$70.8B+11.9%	$63.3B
Current Liabilities	$9.0B-5.9%	$9.5B-21.5%	$12.2B-17.7%	$14.8B+3.0%	$14.4B-13.7%	$16.6B-0.3%	$16.7B+5.8%	$15.8B
Long-Term Debt	$611.0M0.0%	$611.0M-16.2%	$729.0M-29.4%	$1.0B-6.4%	$1.1B-10.0%	$1.2B-3.7%	$1.3B+8.1%	$1.2B
Total Equity	$15.3B-0.1%	$15.3B-11.5%	$17.3B-4.9%	$18.2B-1.8%	$18.5B-1.9%	$18.9B+2.5%	$18.4B+31.3%	$14.0B

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

BBU Cash Flow Statement

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

BBU annual cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	$3.2B-1.6%	$3.3B+54.0%	$2.1B+110.7%	$1.0B-40.3%	$1.7B-59.7%	$4.2B+94.4%	$2.2B+61.3%	$1.3B+2015.7%	-$70.0M-130.6%	$229.0M-31.0%	$332.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$1.4B+16.6%	$1.2B+121.1%	$545.0M+127.1%	$240.0M+66.7%	$144.0M+3.6%	$139.0M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$2.8B+192.3%	$958.0M+20.4%	$796.0M+356.8%	-$310.0M-464.7%	$85.0M-56.0%	$193.0M
Investing Cash Flow	-$3.2B-36.8%	-$2.3B-191.7%	$2.5B+113.6%	-$18.7B-109.7%	-$8.9B-282.4%	-$2.3B+87.0%	-$17.9B-348.6%	-$4.0B-150.7%	-$1.6B-1561.5%	-$96.0M+95.4%	-$2.1B
Financing Cash Flow	$72.0M+114.3%	-$505.0M+88.4%	-$4.4B-124.2%	$18.1B+155.8%	$7.1B+755.8%	-$1.1B-106.8%	$15.9B+347.2%	$3.6B+107.9%	$1.7B+192.3%	$586.0M-70.3%	$2.0B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0-100.0%	$11.0M-97.6%	$460.0M

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

BBU Financial Ratios

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

BBU annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Net Margin	1.4%-0.8pp	2.2%-4.7pp	6.9%+6.4pp	0.4%-4.2pp	4.6%+3.1pp	1.5%+0.5pp	1.0%-2.2pp	3.2%+2.3pp	0.9%+3.5pp	-2.5%-6.5pp	4.0%
Return on Equity	2.5%-2.6pp	5.2%-15.2pp	20.4%+19.1pp	1.3%-15.2pp	16.5%+11.4pp	5.1%+1.2pp	3.9%-14.6pp	18.5%+14.8pp	3.7%+8.7pp	-5.0%-13.7pp	8.7%
Return on Assets	0.5%-0.7pp	1.2%-3.4pp	4.6%+4.3pp	0.3%-3.1pp	3.4%+2.3pp	1.1%+0.2pp	0.8%-3.6pp	4.4%+3.0pp	1.4%+3.8pp	-2.5%	N/A
Current Ratio	1.67+0.4x	1.26+0.2x	1.04-0.1x	1.100.0x	1.11-0.1x	1.190.0x	1.16+0.1x	1.080.0x	1.13-0.5x	1.59	N/A
Debt-to-Equity	0.040.0x	0.040.0x	0.060.0x	0.070.0x	0.100.0x	0.100.0x	0.10-1.6x	1.67+1.1x	0.56+0.2x	0.38	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	7.4%+5.2pp	2.2%+0.1pp	2.1%+3.5pp	-1.4%-2.4pp	1.1%-1.8pp	2.9%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Net Margin	N/A	2.0%	N/A	0.5%	N/A	0.3%	N/A	1.9%
Return on Equity	N/A	0.9%	N/A	0.4%	N/A	0.2%	N/A	2.0%
Return on Assets	N/A	0.2%	N/A	0.1%	N/A	0.1%	N/A	0.4%
Current Ratio	1.670.0x	1.67+0.4x	1.26+0.3x	1.000.0x	1.04-0.1x	1.130.0x	1.100.0x	1.14
Debt-to-Equity	0.040.0x	0.040.0x	0.040.0x	0.060.0x	0.060.0x	0.060.0x	0.070.0x	0.08

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

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Where Brookfield Business Partners Ranks

Frequently Asked Questions

What is Brookfield Business Partners's annual revenue?

Brookfield Business Partners (BBU) reported $27.5B in total revenue for fiscal year 2025. This represents a -32.4% 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 Business Partners's revenue growing?

Brookfield Business Partners (BBU) revenue declined by 32.4% year-over-year, from $40.6B to $27.5B in fiscal year 2025.

Is Brookfield Business Partners profitable?

Yes, Brookfield Business Partners (BBU) reported a net income of $387.0M in fiscal year 2025, with a net profit margin of 1.4%.

How much debt does Brookfield Business Partners have?

As of fiscal year 2025, Brookfield Business Partners (BBU) had $3.5B in cash and equivalents against $611.0M in long-term debt.

What is Brookfield Business Partners's net profit margin?

Brookfield Business Partners (BBU) had a net profit margin of 1.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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

Brookfield Business Partners (BBU) has a return on equity of 2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Business Partners's operating cash flow?

Brookfield Business Partners (BBU) generated $3.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Business Partners's total assets?

Brookfield Business Partners (BBU) had $75.8B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Brookfield Business Partners have outstanding?

Brookfield Business Partners (BBU) had 88M shares outstanding as of fiscal year 2025.

What is Brookfield Business Partners's current ratio?

Brookfield Business Partners (BBU) had a current ratio of 1.67 as of fiscal year 2025, which is generally considered healthy.

What is Brookfield Business Partners's debt-to-equity ratio?

Brookfield Business Partners (BBU) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Brookfield Business Partners (BBU) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Business Partners's Piotroski F-Score?

Brookfield Business Partners (BBU) has a Piotroski F-Score of 5 out of 8 computable signals; 1 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 Business Partners's earnings high quality?

Brookfield Business Partners (BBU) has an earnings quality ratio of 8.35x, 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.