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Financial statements

Brookfield Renewable Corp financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Brookfield Renewable Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2,9793,2263,0873,3673,7783,9674,1423,728
Income tax-31267-738711873167-13
Net income to minority interests274873903
Net income72165-2,7389461,503-181236-2,344

Balance sheet

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents342420512525642627624682
Receivables6756231,1461,321955933992
Inventory37222018653532
Total current assets1,3631,5842,3363,4263,2983,1143,943
Property, plant and equipment30,42132,64736,09737,91537,82844,03838,69639,699
Goodwill948949970849723854692809
Intangible assets26124123321820875
Total assets35,75739,47341,98643,28849,42144,12946,267
Accounts payable443450452621807571777
Total current liabilities1,4249,8398,9757,2518,33511,25415,453
Total liabilities17,88327,74827,76126,46432,29232,02137,035
Total debt11,95812,82213,51213,715
Shareholders' equity7,3481,1773,6675,8735,7871,341-406
Total equity17,22417,87411,72514,22516,82417,12912,1089,232
Total liabilities and equity35,75739,47341,98643,28849,42144,12946,267

Cash flow statement

FY2018FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Net income578212-2,8199301,850308433-2,343
Cash from operations1,1931,3569923951,2841,603549502
Capital expenditures-207-406-373-1,354-847-1,028-949-1,138
Cash from investing-1,042-1,102-437-1,027-738-1,018-665-576
Share buybacks00-4400
Cash from financing-60-288-475678-402-63619296
Exchange rate effect-11-412-33-1936-7744
Net change in cash80-389213125-15-1
Free cash flow986950619-959437575-400-636
Interest paid6016687378289991,1771,6891,530

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $28.47 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Net margin-62.9%Net income / revenue.
FCF margin-17.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin13.5%Cash from operations / revenue.
Return on assets (ROA)-5.2%Net income / average total assets.
Capex / revenue30.5%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-10.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-0.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y3.8%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y-1,093.0%Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-8.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y-26.9%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y-12.7%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-130.3%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y4.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y2.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y3.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.26xCurrent assets / current liabilities.
Quick ratio0.11x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Liabilities / assets80.0%Total liabilities / total assets.
Working capital-$11.51BCurrent assets - current liabilities.
Goodwill and intangibles / assets1.7%(Goodwill + intangible assets) / total assets.
Tangible book value-$1.22BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.08xRevenue / average total assets.
Fixed asset turnover0.10xRevenue / average property, plant and equipment.
Receivables turnover3.87xRevenue / average receivables.
Days sales outstanding94 days365 x average receivables / revenue.
Capex / operating cash flow226.7%Capital expenditures / cash from operations, when that is positive.

Valuation

MetricValueHow it is calculated
Market cap$10.73BShare price x shares outstanding.
Enterprise value$10.05BMarket cap + total debt - cash - short-term investments.
P/S2.88xMarket cap / revenue.
P/OCF21.4xMarket cap / cash from operations, when positive.
EV/Sales2.70xEnterprise value / revenue.
FCF yield-5.9%Free cash flow / market cap.
Earnings yield-21.8%Net income / market cap (the inverse of P/E).
What was Brookfield Renewable Corp's revenue in fiscal 2025?

Brookfield Renewable Corp reported revenue of $3.73B for fiscal 2025, 10% lower than the year before.

Was Brookfield Renewable Corp profitable in fiscal 2025?

No. It reported a net loss of $2.34B.

How much free cash flow did Brookfield Renewable Corp generate in fiscal 2025?

Cash from operations of $502.0M minus capital expenditures of $1.14B left free cash flow of -$636.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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