Brookfield Renewable Corporation (BEPC) Financials

BEPC

FY2025 annual

Revenue $3.7B -10.0% YoY

Net Income -$2.3B -641.1% YoY

Free Cash Flow -$636.0M -59.0% YoY

Operating Cash Flow $502.0M -8.6% YoY

Market Cap $5.2B as of Oct 14, 2026

Price / Sales 1.4x on $3.7B revenue, FY2025

Price / Earnings n/m net loss, so no earnings multiple, FY2025

Price / Book 0.6x on $9.2B 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 Feb 27, 2026 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 BEPC SEC filings page.

Brookfield Renewable Corporation (BEPC) reported $3.7B in revenue for fiscal year 2025, down 10.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 BEPC FY2025 2026-10-04

Brookfield Renewable is an asset-heavy operator whose rising leverage and recurring investment needs matter more than reported revenue.

FY2025’s net loss of $2.34B sat beside operating cash flow of $502M, so the earnings result was far more severe than the cash movement; that gap points to material non-cash or valuation effects rather than a matching operating cash collapse. Yet free cash flow was negative because capital spending of $1.14B exceeded operating cash flow, meaning reported earnings and cash available after reinvestment are telling different stories.

The balance sheet has become more dependent on financial claims: debt-to-equity rose from 0.8x in FY2022 to 4.0x in FY2025 as equity contracted, making the ratio’s rise partly a denominator effect rather than solely new borrowing. The current ratio was 0.3x in FY2025, indicating current assets were materially smaller than obligations due within a year.

Despite FY2025 revenue falling to $3.73B, capital spending rose to $1.14B, so the investment burden did not scale down with the top line. That pattern leaves operating cash less available for other uses, including balance-sheet repair.

Financial Health Signals

Financial Health Score 22/100

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 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.

Profitability

Not available for Brookfield Renewable Corporation, and counted as zero in the overall score.

Growth

Brookfield Renewable Corporation's revenue declined 10.0% year-over-year, from $4.1B to $3.7B. This contraction results in a growth score of 15/100.

Leverage

Brookfield Renewable Corporation has a moderate D/E ratio of 4.01. This balance of debt and equity financing earns a leverage score of 55/100.

Liquidity

Brookfield Renewable Corporation's current ratio of 0.26 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Brookfield Renewable Corporation generated $502.0M in operating cash flow, capex of $1.1B consumed most of it, leaving -$636.0M in free cash flow. This results in a low score of 55/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Not available for Brookfield Renewable Corporation, and counted as zero in the overall score.

Piotroski F-Score Partial

2/6

Brookfield Renewable Corporation passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Brookfield Renewable Corporation reported a net loss of $2.3B while generating $502.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$682.0M

YoY+9.3%

QoQ+22.7%

Brookfield Renewable Corporation held $682.0M 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.

BEPC 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.

BEPC quarterly income statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$3.7B-10.0%	$4.1B+4.4%	$4.0B+5.0%	$3.8B+12.2%	$3.4B+9.1%	$3.1B-4.3%	$3.2B+8.3%	$3.0B
Interest Expense	$469.0M+1.5%	$462.0M+230.0%	$140.0M+48.9%	$94.0M+224.1%	$29.0M+2800.0%	$1.0M-75.0%	$4.0M-55.6%	$9.0M
Income Tax	-$13.0M-107.8%	$167.0M+128.8%	$73.0M-38.1%	$118.0M+35.6%	$87.0M+219.2%	-$73.0M-209.0%	$67.0M+121.5%	-$312.0M
Net Income	-$2.3B-641.1%	$433.0M+40.6%	$308.0M-83.4%	$1.9B+98.9%	$930.0M+133.0%	-$2.8B-1429.7%	$212.0M-63.3%	$578.0M

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Revenue	N/A	$952.0M-3.7%	N/A	$989.0M+9.8%	N/A	$901.0M-9.6%	N/A	$997.0M+22.0%
Interest Expense	N/A	$117.0M+254.5%	N/A	$33.0M+450.0%	N/A	$6.0M0.0%	N/A	$6.0M-97.3%
Income Tax	N/A	-$1.0M-116.7%	N/A	$6.0M-66.7%	N/A	$18.0M-74.3%	N/A	$70.0M+337.5%
Net Income	N/A	-$1.4B-326.8%	N/A	-$339.0M-194.2%	N/A	$360.0M-68.3%	N/A	$1.1B+72.5%

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).

BEPC Balance Sheet

BEPC quarterly balance sheet

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$46.3B+4.8%	$44.1B-10.7%	$49.4B+14.2%	$43.3B+3.1%	$42.0B+6.4%	$39.5B+10.4%	$35.8B	N/A
Current Assets	$3.9B+26.6%	$3.1B-5.6%	$3.3B-3.7%	$3.4B+46.7%	$2.3B+47.5%	$1.6B+16.2%	$1.4B	N/A
Cash & Equivalents	$682.0M+9.3%	$624.0M-0.5%	$627.0M-2.3%	$642.0M+22.3%	$525.0M+2.5%	$512.0M+21.9%	$420.0M+22.8%	$342.0M
Inventory	$32.0M-8.6%	$35.0M-46.2%	$65.0M+261.1%	$18.0M-10.0%	$20.0M-9.1%	$22.0M-40.5%	$37.0M	N/A
Accounts Receivable	$992.0M+6.3%	$933.0M-2.3%	$955.0M-27.7%	$1.3B+15.3%	$1.1B+83.9%	$623.0M-7.7%	$675.0M	N/A
Goodwill	$809.0M+16.9%	$692.0M-19.0%	$854.0M+18.1%	$723.0M-14.8%	$849.0M-12.5%	$970.0M+2.2%	$949.0M+0.1%	$948.0M
Total Liabilities	$37.0B+15.7%	$32.0B-0.8%	$32.3B+22.0%	$26.5B-4.7%	$27.8B0.0%	$27.7B+55.2%	$17.9B	N/A
Current Liabilities	$15.5B+37.3%	$11.3B+35.0%	$8.3B+14.9%	$7.3B-19.2%	$9.0B-8.8%	$9.8B+590.9%	$1.4B	N/A
Non-Current Liabilities	$21.6B+3.9%	$20.8B-13.3%	$24.0B+24.7%	$19.2B+2.3%	$18.8B+4.9%	$17.9B+8.8%	$16.5B	N/A
Long-Term Debt	N/A	N/A	N/A	$13.7B+1.5%	$13.5B+5.4%	$12.8B+7.2%	$12.0B	N/A
Total Equity	$9.2B-23.8%	$12.1B-29.3%	$17.1B+1.8%	$16.8B+18.3%	$14.2B+21.3%	$11.7B-34.4%	$17.9B+3.8%	$17.2B

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Total Assets	$46.3B+4.8%	$46.0B+8.0%	$44.1B-10.7%	$42.6B-3.6%	$49.4B+14.2%	$44.2B+5.8%	$43.3B+3.1%	$41.8B+7.6%
Current Assets	$3.9B+26.6%	$3.7B+25.6%	$3.1B-5.6%	$2.9B-3.4%	$3.3B-3.7%	$3.1B+15.6%	$3.4B+46.7%	$2.6B-5.7%
Cash & Equivalents	$682.0M+9.3%	$556.0M-9.4%	$624.0M-0.5%	$614.0M+3.2%	$627.0M-2.3%	$595.0M-24.7%	$642.0M+22.3%	$790.0M+99.5%
Inventory	$32.0M-8.6%	$49.0M+104.2%	$35.0M-46.2%	$24.0M+4.3%	$65.0M+261.1%	$23.0M+9.5%	$18.0M-10.0%	$21.0M-4.5%
Accounts Receivable	$992.0M+6.3%	$955.0M+10.4%	$933.0M-2.3%	$865.0M-21.3%	$955.0M-27.7%	$1.1B-20.3%	$1.3B+15.3%	$1.4B+64.6%
Goodwill	$809.0M+16.9%	$755.0M-4.9%	$692.0M-19.0%	$794.0M+0.5%	$854.0M+18.1%	$790.0M-2.8%	$723.0M-14.8%	$813.0M-9.3%
Total Liabilities	$37.0B+15.7%	$35.3B+27.0%	$32.0B-0.8%	$27.8B+0.2%	$32.3B+22.0%	$27.7B-0.8%	$26.5B-4.7%	$27.9B+2.1%
Current Liabilities	$15.5B+37.3%	$13.7B+87.0%	$11.3B+35.0%	$7.3B-6.6%	$8.3B+14.9%	$7.9B-9.6%	$7.3B-19.2%	$8.7B-11.5%
Non-Current Liabilities	$21.6B+3.9%	$21.6B+5.5%	$20.8B-13.3%	$20.4B+2.9%	$24.0B+24.7%	$19.9B+3.2%	$19.2B+2.3%	$19.2B+9.8%
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$13.8B-1.3%	$13.7B+1.5%	$14.0B+8.1%
Total Equity	$9.2B-23.8%	$10.8B-27.5%	$12.1B-29.3%	$14.8B-10.0%	$17.1B+1.8%	$16.5B+19.3%	$16.8B+18.3%	$13.8B+20.8%

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

BEPC Cash Flow Statement

BEPC quarterly cash flow statement

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	$502.0M-8.6%	$549.0M-65.8%	$1.6B+24.8%	$1.3B+225.1%	$395.0M-60.2%	$992.0M-26.8%	$1.4B+13.7%	$1.2B
Capital Expenditures	$1.1B+19.9%	$949.0M-7.7%	$1.0B+21.4%	$847.0M-37.4%	$1.4B+263.0%	$373.0M-8.1%	$406.0M+96.1%	$207.0M
Free Cash Flow	-$636.0M-59.0%	-$400.0M-169.6%	$575.0M+31.6%	$437.0M+145.6%	-$959.0M-254.9%	$619.0M-34.8%	$950.0M-3.7%	$986.0M
Investing Cash Flow	-$576.0M+13.4%	-$665.0M+34.7%	-$1.0B-37.9%	-$738.0M+28.1%	-$1.0B-135.0%	-$437.0M+60.3%	-$1.1B-5.8%	-$1.0B
Financing Cash Flow	$96.0M-50.0%	$192.0M+130.2%	-$636.0M-58.2%	-$402.0M-159.3%	$678.0M+242.7%	-$475.0M-64.9%	-$288.0M-380.0%	-$60.0M
Dividends Paid	$5.0M	$0	$0-100.0%	$78.0M	$0-100.0%	$235.0M-62.6%	$628.0M+26.9%	$495.0M

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Operating Cash Flow	N/A	$139.0M-0.7%	N/A	$140.0M-44.7%	N/A	$253.0M-21.7%	N/A	$323.0M+407.6%
Capital Expenditures	N/A	$302.0M+51.8%	N/A	$199.0M+25.9%	N/A	$158.0M	N/A	$0-100.0%
Free Cash Flow	N/A	-$163.0M-176.3%	N/A	-$59.0M-162.1%	N/A	$95.0M-70.6%	N/A	$323.0M+219.2%
Investing Cash Flow	N/A	-$36.0M+29.4%	N/A	-$51.0M+46.3%	N/A	-$95.0M+46.3%	N/A	-$177.0M+16.5%
Financing Cash Flow	N/A	-$179.0M-118.3%	N/A	-$82.0M+64.5%	N/A	-$231.0M-621.9%	N/A	-$32.0M-107.6%
Dividends Paid	N/A	$5.0M	N/A	$0	N/A	N/A	N/A	N/A

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

BEPC 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.

BEPC quarterly financial ratios

Metric	FY2520-F	FY2420-F	FY2320-F	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Net Margin	-62.8%-73.3pp	10.4%+2.7pp	7.8%-41.2pp	49.0%+21.4pp	27.6%+118.9pp	-91.3%-97.9pp	6.6%-12.8pp	19.4%
Return on Equity	-25.4%-29.0pp	3.6%+1.8pp	1.8%-9.2pp	11.0%+4.5pp	6.5%+30.6pp	-24.0%-25.2pp	1.2%-2.2pp	3.4%
Return on Assets	-5.1%-6.0pp	1.0%+0.4pp	0.6%-3.7pp	4.3%+2.1pp	2.2%+9.4pp	-7.1%-7.7pp	0.6%	N/A
Current Ratio	0.260.0x	0.28-0.1x	0.40-0.1x	0.47+0.2x	0.26+0.1x	0.16-0.8x	0.96	N/A
Debt-to-Equity	4.01+1.4x	2.64+0.8x	1.89+1.1x	0.82-0.1x	0.95-0.1x	1.09+0.4x	0.67	N/A
Asset Turnover	0.080.0x	0.090.0x	0.080.0x	0.090.0x	0.080.0x	0.080.0x	0.09	N/A
FCF Margin	-17.1%-7.4pp	-9.7%-24.1pp	14.5%+2.9pp	11.6%+40.0pp	-28.5%-48.5pp	20.1%-9.4pp	29.4%-3.7pp	33.1%

Metric	Q4'2520-F	Q2'256-K	Q4'2420-F	Q2'246-K	Q4'2310-K	Q2'2310-Q	Q4'2210-K	Q2'2210-Q
Net Margin	N/A	-152.0%	N/A	-34.3%-74.2pp	N/A	40.0%	N/A	114.0%
Return on Equity	N/A	-13.5%-11.2pp	N/A	-2.3%-4.5pp	N/A	2.2%-6.0pp	N/A	8.2%+2.5pp
Return on Assets	N/A	-3.1%-2.3pp	N/A	-0.8%-1.6pp	N/A	0.8%-1.9pp	N/A	2.7%+1.0pp
Current Ratio	0.260.0x	0.27-0.1x	0.28-0.1x	0.400.0x	0.40-0.1x	0.39+0.1x	0.47+0.2x	0.300.0x
Debt-to-Equity	4.01+1.4x	3.28+1.4x	2.64+0.8x	1.87+1.0x	1.89+1.1x	0.83-0.2x	0.82-0.1x	1.01-0.1x
Asset Turnover	N/A	0.020.0x	N/A	0.020.0x	N/A	0.020.0x	N/A	0.020.0x
FCF Margin	N/A	-17.1%-11.1pp	N/A	-6.0%-16.5pp	N/A	10.5%-21.9pp	N/A	32.4%+65.6pp

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

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Note: The current ratio is below 1.0 (0.26), 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 Corporation BEPC	FY2025	$3.7B	-$2.3B	-62.8%	$5.2B	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
Clearway Energy, Inc. CWEN	FY2025	$1.4B	$169.0M	11.8%	$3.7B	46/100
Ormat Technologies, Inc. ORA	FY2025	$989.5M	$127.0M	12.8%	$5.6B	42/100
Fluence Energy, Inc. FLNC	FY2025	$2.3B	-$48.3M	-2.1%	$970.6M	38/100

Where Brookfield Renewable Corporation Ranks

Frequently Asked Questions

What is Brookfield Renewable Corporation's annual revenue?

Brookfield Renewable Corporation (BEPC) reported $3.7B in total revenue for fiscal year 2025. This represents a -10.0% 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 Corporation's revenue growing?

Brookfield Renewable Corporation (BEPC) revenue declined by 10.0% year-over-year, from $4.1B to $3.7B in fiscal year 2025.

Is Brookfield Renewable Corporation profitable?

No, Brookfield Renewable Corporation (BEPC) reported a net income of -$2.3B in fiscal year 2025, with a net profit margin of -62.8%.

What is Brookfield Renewable Corporation's net profit margin?

Brookfield Renewable Corporation (BEPC) had a net profit margin of -62.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

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

Brookfield Renewable Corporation (BEPC) has a return on equity of -25.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Renewable Corporation's free cash flow?

Brookfield Renewable Corporation (BEPC) recorded an outflow of $636.0M in free cash flow during fiscal year 2025. This represents a -59.0% 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 Renewable Corporation's operating cash flow?

Brookfield Renewable Corporation (BEPC) generated $502.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Renewable Corporation's total assets?

Brookfield Renewable Corporation (BEPC) had $46.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Brookfield Renewable Corporation's capital expenditures?

Brookfield Renewable Corporation (BEPC) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Brookfield Renewable Corporation's current ratio?

Brookfield Renewable Corporation (BEPC) had a current ratio of 0.26 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

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

Brookfield Renewable Corporation (BEPC) had a debt-to-equity ratio of 4.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

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

Brookfield Renewable Corporation (BEPC) had a return on assets of -5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Renewable Corporation's P/E ratio?

Brookfield Renewable Corporation (BEPC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $5.2B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Brookfield Renewable Corporation's price-to-sales ratio?

Brookfield Renewable Corporation (BEPC) trades at 1.4x sales, its market capitalization divided by revenue of $3.7B revenue, FY2025. The market capitalization is $5.2B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Brookfield Renewable Corporation's Piotroski F-Score?

Brookfield Renewable Corporation (BEPC) has a Piotroski F-Score of 2 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 Renewable Corporation's earnings high quality?

Brookfield Renewable Corporation (BEPC) reported a net loss of $2.3B while generating $502.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Renewable Corporation?

Brookfield Renewable Corporation (BEPC) scores 22 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.