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Brookfield Renewable Partners L.P. (BEP) Financials

BEP
FY2025 annual
Revenue $6.4B +9.0% YoY
Net Income $712.0M +8011.1% YoY
Free Cash Flow -$5.4B -121.2% YoY
Operating Cash Flow $1.1B -10.0% YoY
Market Cap $13.6B as of Oct 14, 2026
Price / Sales 2.1x on $6.4B revenue, FY2025
Price / Earnings 19.1x on $712.0M net income, FY2025
Price / Book 0.4x on $35.0B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Feb 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BEP SEC filings page.

Brookfield Renewable Partners L.P. (BEP) reported $6.4B in revenue for fiscal year 2025, up 9.0% 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 BEP FY2025

The business is expanding through heavy reinvestment and financing, while reported profits outrun free cash flow.

Between FY2023 and FY2025, net income increased from $616M to $712M. Yet free cash flow reached -$5.44B by FY2025 as capital spending reached $6.59B, so reported earnings did not translate into cash after reinvestment.

The financing structure is becoming more leveraged: debt-to-equity rose from 0.9x in FY2021 to 1.8x in FY2025. The latest current ratio was 0.6x, indicating current assets were below current liabilities and expansion is not funded solely from internally generated resources.

Assets grew from $55.9B in FY2021 to $98.7B in FY2025, a much faster expansion than the business’s reported scale. Revenue reached $6.41B in FY2025, yet return on assets was 0.7%, showing how little accounting profit the enlarged asset base produced.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 33 / 100
Financial Health Score 33/100
Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Brookfield Renewable Partners L.P.'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.

Profitability
0

Not available for Brookfield Renewable Partners L.P., and counted as zero in the overall score.

Growth
91

Brookfield Renewable Partners L.P.'s revenue grew 9.0% year-over-year to $6.4B, a solid pace of expansion. This earns a growth score of 91/100.

Leverage
76

Brookfield Renewable Partners L.P. carries a low D/E ratio of 1.82, meaning only $1.82 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
21

Brookfield Renewable Partners L.P.'s current ratio of 0.57 is below the typical benchmark, resulting in a score of 21/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
9

While Brookfield Renewable Partners L.P. generated $1.1B in operating cash flow, capex of $6.6B consumed most of it, leaving -$5.4B in free cash flow. This results in a low score of 9/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Not available for Brookfield Renewable Partners L.P., and counted as zero in the overall score.

Piotroski F-Score Partial
5/6

Brookfield Renewable Partners L.P. 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), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.61x

For every $1 of reported earnings, Brookfield Renewable Partners L.P. generates $1.61 in operating cash flow ($1.1B OCF vs $712.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt
$2.1B
YoY-33.2%
QoQ+9.8%

Brookfield Renewable Partners L.P. held $2.1B in cash as of Q4 2025; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

BEP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BEP quarterly income statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
RevenueN/A$1.7B+14.2%N/A$1.5B+23.0%N/A$1.2B-5.4%N/A$1.3B+25.0%
Interest ExpenseN/A$32.0M+146.2%N/A$13.0M+85.7%N/A$7.0MN/A$0
Income TaxN/A-$197.0M-1136.8%N/A$19.0M0.0%N/A$19.0M-69.4%N/A$62.0M+3000.0%
Net IncomeN/A$100.0M+213.6%N/A-$88.0M-158.3%N/A$151.0M+23.8%N/A$122.0M+10.9%

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

BEP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BEP quarterly balance sheet
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Total Assets$98.7B+4.1%$98.6B+33.6%$94.8B+24.5%$73.8B+12.0%$76.1B+18.7%$65.9B+15.6%$64.1B+14.8%$57.0B+11.6%
Current Assets$12.3B+39.2%$7.8B+85.8%$8.8B+91.6%$4.2B+16.1%$4.6B+10.2%$3.6B+14.6%$4.2B+44.8%$3.2B+5.6%
Cash & Equivalents$2.1B-33.2%$1.9B+54.3%$3.1B+174.8%$1.2B+2.8%$1.1B+14.3%$1.2B+13.5%$998.0M+10.9%$1.1B+99.8%
Inventory$177.0M+14.9%$163.0M+30.4%$154.0M+38.7%$125.0M+212.5%$111.0M+164.3%$40.0M-47.4%$42.0M+35.5%$76.0M+68.9%
Accounts Receivable$2.5B+19.7%$2.5B+51.2%$2.1B+40.0%$1.6B-0.2%$1.5B-18.4%$1.6B-12.3%$1.9B+10.5%$1.9B+58.7%
Goodwill$6.0B+10.8%$6.1B+224.8%$5.4B+179.5%$1.9B+17.8%$1.9B+27.4%$1.6B+35.3%$1.5B+58.0%$1.2B+18.7%
Total Liabilities$63.7B+9.2%$65.3B+42.5%$58.4B+26.4%$45.8B+22.5%$46.1B+22.0%$37.4B+9.9%$37.8B+18.7%$34.0B+15.8%
Current Liabilities$21.7B+49.0%$17.7B+119.7%$14.6B+81.2%$8.1B+103.6%$8.0B+62.6%$4.0B-8.6%$4.9B+53.4%$4.3B+24.2%
Non-Current Liabilities$42.0B-4.0%$47.6B+26.0%$43.8B+14.9%$37.8B+12.9%$38.1B+15.9%$33.4B+12.6%$32.9B+14.8%$29.7B+14.7%
Long-Term DebtN/AN/AN/AN/AN/A$24.4B+4.3%$24.9B+15.4%$23.4B+20.8%
Total Equity$35.0B-4.1%$33.3B+19.1%$36.5B+21.6%$28.0B-1.9%$30.0B+14.0%$28.5B+24.0%$26.3B+9.5%$23.0B+5.8%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Retained Earnings.

BEP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BEP quarterly cash flow statement
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Operating Cash FlowN/A$379.0M+64.1%N/A$231.0M-39.5%N/A$382.0M-12.8%N/A$438.0M
Capital ExpendituresN/A$1.5B+80.2%N/A$820.0M+69.4%N/A$484.0M+7.8%N/A$449.0M+84.0%
Free Cash FlowN/A-$1.1B-86.6%N/A-$589.0M-477.5%N/A-$102.0M-827.3%N/A-$11.0M+95.5%
Investing Cash FlowN/A-$3.1B-243.0%N/A-$894.0M-347.0%N/A-$200.0M+62.7%N/A-$536.0M-525.4%
Financing Cash FlowN/A$2.6B+403.5%N/A$508.0M+490.8%N/A-$130.0M-148.7%N/A$267.0M+641.7%
Dividends PaidN/A$281.0M+3.7%N/A$271.0M+10.2%N/A$246.0M+7.9%N/A$228.0M+7.0%

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Share Buybacks.

BEP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BEP quarterly financial ratios
MetricQ4'2520-FQ2'256-KQ4'2420-FQ2'246-KQ4'2310-KQ2'2310-QQ4'2210-KQ2'2210-Q
Net MarginN/A5.9%+11.8ppN/A-5.9%-18.5ppN/A12.5%+2.9ppN/A9.6%-1.2pp
Return on EquityN/A0.3%+0.6ppN/A-0.3%-0.8ppN/A0.5%0.0ppN/A0.5%0.0pp
Return on AssetsN/A0.1%+0.2ppN/A-0.1%-0.3ppN/A0.2%0.0ppN/A0.2%0.0pp
Current Ratio0.570.0x0.44-0.1x0.610.0x0.52-0.4x0.57-0.3x0.91+0.2x0.85-0.1x0.73-0.1x
Debt-to-Equity1.82+0.2x1.96+0.3x1.60+0.1x1.64+0.8x1.54+0.6x0.86-0.2x0.950.0x1.02+0.1x
Asset TurnoverN/A0.020.0xN/A0.020.0xN/A0.020.0xN/A0.020.0x
FCF MarginN/A-65.0%-25.2ppN/A-39.7%-31.3ppN/A-8.5%-7.6ppN/A-0.9%+23.1pp

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

Note: The current ratio is below 1.0 (0.57), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Brookfield Renewable Partners L.P. BEP FY2025 $6.4B $712.0M 11.1% $13.6B 33/100
Constellation Energy CEG FY2025 $25.5B $2.3B 9.1% $104.8B 55/100
Brookfield Renewable Corporation BEPC FY2025 $3.7B -$2.3B -62.8% $5.4B 22/100
Enlight Renewable Energy Ltd. ENLT FY2025 $488.6M $160.7M 32.9% $9.9B 37/100
ReNew Energy Global plc RNW FY2025 $1.1B $54.0M 4.8% $2.5B 25/100
CMS Energy CMS FY2025 $8.5B $1.1B 12.5% $20.8B 43/100

Frequently Asked Questions

What is Brookfield Renewable Partners L.P.'s annual revenue?

Brookfield Renewable Partners L.P. (BEP) reported $6.4B in total revenue for fiscal year 2025. This represents a 9.0% 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 Renewable Partners L.P.'s revenue growing?

Brookfield Renewable Partners L.P. (BEP) revenue grew by 9.0% year-over-year, from $5.9B to $6.4B in fiscal year 2025.

Is Brookfield Renewable Partners L.P. profitable?

Yes, Brookfield Renewable Partners L.P. (BEP) reported a net income of $712.0M in fiscal year 2025, with a net profit margin of 11.1%.

Brookfield Renewable Partners L.P. (BEP) had a net profit margin of 11.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Brookfield Renewable Partners L.P. (BEP) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Brookfield Renewable Partners L.P. (BEP) recorded an outflow of $5.4B in free cash flow during fiscal year 2025. This represents a -121.2% 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.

Brookfield Renewable Partners L.P. (BEP) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Brookfield Renewable Partners L.P. (BEP) had $98.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Brookfield Renewable Partners L.P. (BEP) invested $6.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Brookfield Renewable Partners L.P. (BEP) had a current ratio of 0.57 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Brookfield Renewable Partners L.P. (BEP) had a debt-to-equity ratio of 1.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Brookfield Renewable Partners L.P. (BEP) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Brookfield Renewable Partners L.P. (BEP) trades at 19.1x earnings, its market capitalization divided by net income of $712.0M net income, FY2025. The market capitalization is $13.6B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Brookfield Renewable Partners L.P. (BEP) trades at 2.1x sales, its market capitalization divided by revenue of $6.4B revenue, FY2025. The market capitalization is $13.6B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Brookfield Renewable Partners L.P. (BEP) 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.

Brookfield Renewable Partners L.P. (BEP) has an earnings quality ratio of 1.61x, 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.

Brookfield Renewable Partners L.P. (BEP) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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