Brookfield Renewable Corp Financials

BEPC

FY2025 annual

Revenue $3.7B -10.0% YoY

Net Income -$2.3B -641.1% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow -$636.0M -59.0% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Feb 27, 2026 Currency USD FYE December

Brookfield Renewable Corp (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 2026-08-30

Brookfield Renewable’s asset-heavy structure makes reinvestment and financing central to reported performance, rather than revenue growth alone.

In FY2025, a net loss of -$2.3B coexisted with operating cash flow of $502M, showing accounting earnings and cash generation diverged. Yet capex of $1.1B left free cash flow at -$636M, reversing positive FCF in FY2022 and FY2023; reinvestment therefore exceeded internally generated operating cash.

At FY2025, liabilities of $37.0B against equity of $9.2B show a balance sheet whose obligations are large relative to its capital cushion. A 4.0x debt-to-equity ratio alongside a 0.3x current ratio makes both long-term leverage and near-term funding structure central to how the assets are financed.

Revenue contracted -10.0% in FY2025 while total assets expanded 4.8%, making the balance sheet larger relative to the top line rather than reflecting simple scale expansion. The resulting -5.1% ROA indicates the enlarged asset base produced weak latest-year returns, even though operating cash flow remained positive.

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 Corp'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 Corp, and counted as zero in the overall score.

Growth

Leverage

Liquidity

Cash Flow

Returns

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

Piotroski F-Score Partial

2/6

Brookfield Renewable Corp 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 Corp 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

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Earnings & Revenue

Revenue

$3.7B

YoY-10.0%

5Y CAGR+3.8%

Brookfield Renewable Corp generated $3.7B in revenue in fiscal year 2025. This represents a decrease of 10.0% from the prior year.

Net Income

-$2.3B

YoY-641.1%

Brookfield Renewable Corp reported -$2.3B in net income in fiscal year 2025. This represents a decrease of 641.1% 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

-$636.0M

YoY-59.0%

Brookfield Renewable Corp recorded an outflow of $636.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 59.0% from the prior year.

Cash & Debt

$682.0M

YoY+9.3%

5Y CAGR+5.9%

Brookfield Renewable Corp held $682.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

-62.8%

YoY-73.3pp

5Y CAGR+28.5pp

Brookfield Renewable Corp's net profit margin was -62.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 73.3 percentage points from the prior year.

Return on Equity

-25.4%

YoY-29.0pp

5Y CAGR-1.3pp

Brookfield Renewable Corp's ROE was -25.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 29.0 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

$1.1B

YoY+19.9%

5Y CAGR+25.0%

Brookfield Renewable Corp invested $1.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.9% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 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.

BEPC quarterly income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$952.0M	N/A	$989.0M	N/A	$901.0M	N/A	$997.0M
Income Tax	N/A	-$1.0M	N/A	$6.0M	N/A	$18.0M	N/A	$70.0M
Net Income	N/A	-$1.4B	N/A	-$339.0M	N/A	$360.0M	N/A	$1.1B

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

BEPC Balance Sheet

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

BEPC quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$46.3B+0.5%	$46.0B+4.3%	$44.1B+3.6%	$42.6B-13.8%	$49.4B+11.8%	$44.2B+2.1%	$43.3B+3.6%	$41.8B
Current Assets	$3.9B+6.5%	$3.7B+18.9%	$3.1B+5.6%	$2.9B-10.6%	$3.3B+8.0%	$3.1B-10.9%	$3.4B+29.7%	$2.6B
Cash & Equivalents	$682.0M+22.7%	$556.0M-10.9%	$624.0M+1.6%	$614.0M-2.1%	$627.0M+5.4%	$595.0M-7.3%	$642.0M-18.7%	$790.0M
Inventory	$32.0M-34.7%	$49.0M+40.0%	$35.0M+45.8%	$24.0M-63.1%	$65.0M+182.6%	$23.0M+27.8%	$18.0M-14.3%	$21.0M
Accounts Receivable	$992.0M+3.9%	$955.0M+2.4%	$933.0M+7.9%	$865.0M-9.4%	$955.0M-13.1%	$1.1B-16.8%	$1.3B-4.2%	$1.4B
Goodwill	$809.0M+7.2%	$755.0M+9.1%	$692.0M-12.8%	$794.0M-7.0%	$854.0M+8.1%	$790.0M+9.3%	$723.0M-11.1%	$813.0M
Total Liabilities	$37.0B+5.0%	$35.3B+10.2%	$32.0B+15.3%	$27.8B-14.0%	$32.3B+16.5%	$27.7B+4.7%	$26.5B-5.3%	$27.9B
Current Liabilities	$15.5B+12.7%	$13.7B+21.9%	$11.3B+53.4%	$7.3B-12.0%	$8.3B+6.1%	$7.9B+8.4%	$7.3B-16.6%	$8.7B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$13.8B+0.4%	$13.7B-1.7%	$14.0B
Total Equity	$9.2B-14.2%	$10.8B-11.2%	$12.1B-18.4%	$14.8B-13.4%	$17.1B+3.8%	$16.5B-2.0%	$16.8B+21.7%	$13.8B

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

BEPC Cash Flow Statement

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

BEPC quarterly cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$139.0M	N/A	$140.0M	N/A	$253.0M	N/A	$323.0M
Capital Expenditures	N/A	$302.0M	N/A	$199.0M	N/A	$158.0M	N/A	$0
Free Cash Flow	N/A	-$163.0M	N/A	-$59.0M	N/A	$95.0M	N/A	$323.0M
Investing Cash Flow	N/A	-$36.0M	N/A	-$51.0M	N/A	-$95.0M	N/A	-$177.0M
Financing Cash Flow	N/A	-$179.0M	N/A	-$82.0M	N/A	-$231.0M	N/A	-$32.0M
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: Share Buybacks.

BEPC Financial Ratios

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

BEPC quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
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
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	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Net Margin	N/A	-152.0%	N/A	-34.3%	N/A	40.0%	N/A	114.0%
Return on Equity	N/A	-13.5%	N/A	-2.3%	N/A	2.2%	N/A	8.2%
Return on Assets	N/A	-3.1%	N/A	-0.8%	N/A	0.8%	N/A	2.7%
Current Ratio	0.260.0x	0.270.0x	0.28-0.1x	0.400.0x	0.400.0x	0.39-0.1x	0.47+0.2x	0.30
Debt-to-Equity	4.01+0.7x	3.28+0.6x	2.64+0.8x	1.870.0x	1.89+1.1x	0.830.0x	0.82-0.2x	1.01
FCF Margin	N/A	-17.1%	N/A	-6.0%	N/A	10.5%	N/A	32.4%

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.

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Where Brookfield Renewable Corp Ranks

Frequently Asked Questions

What is Brookfield Renewable Corp's annual revenue?

Brookfield Renewable Corp (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 Corp's revenue growing?

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

Is Brookfield Renewable Corp profitable?

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

What is Brookfield Renewable Corp's net profit margin?

Brookfield Renewable Corp (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 Corp's return on equity (ROE)?

Brookfield Renewable Corp (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 Corp's free cash flow?

Brookfield Renewable Corp (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 Corp's operating cash flow?

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

What are Brookfield Renewable Corp's total assets?

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

What are Brookfield Renewable Corp's capital expenditures?

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

What is Brookfield Renewable Corp's current ratio?

Brookfield Renewable Corp (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 Corp's debt-to-equity ratio?

Brookfield Renewable Corp (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 Corp's return on assets (ROA)?

Brookfield Renewable Corp (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 Corp's Piotroski F-Score?

Brookfield Renewable Corp (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 Corp's earnings high quality?

Brookfield Renewable Corp (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 Corp?

Brookfield Renewable Corp (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.