BRP Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data BRP Inc. files with the SEC in its annual reports.

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

Income statement

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	4,453	5,244	6,053	5,953	7,648	10,033	9,963	7,903	8,443
Cost of revenue	3,407	3,990	4,599	4,481	5,516	7,534	7,329	6,125	6,555
Gross profit	1,045	1,253	1,454	1,472	2,132	2,499	2,634	1,778	1,887
Research and development	199	222	238	242	290	368	402	391	435
Operating income	378	473	604	466	1,187	1,367	1,407	554	399
Interest expense	56.6	76.9	90.9	120	129	115	208	198	212
Interest income	2.2	3	2.2	19.8	3.8	6	16.6	8	11
Pre-tax income	377	329	506	484	1,077	1,166	1,205	155	366
Income tax	138	102	135	121	282	301	274	90.4	25.1
Income from continuing operations							932	64.6	340
Net income to minority interests	0.2	0.3	-0.8	-0.5	0.7	1.5	1.1	0.1	-2.3
Net income	239	227	371	363	794	864	743	-213	292
EPS, basic	2.23	2.31	4.00	4.15	9.57	10.88	9.63	-2.89	3.99
EPS, diluted	2.21	2.28	3.96	4.10	9.31	10.67	9.47	-2.86	3.95

Balance sheet

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	226	100	42.5	1,326	266	202	492	181	427
Receivables	329	388	399	312	466	655	656	634	607
Inventory	743	946	1,166	1,087	1,691	2,290	2,156	1,774	1,825
Total current assets	1,349	1,486	1,672	2,862	2,668	3,381	3,529	3,167	3,270
Property, plant and equipment	767	905	1,027	1,064	1,442	1,810	2,004	1,939	1,817
Lease right-of-use assets		192	215	214	133	180	170	183	212
Goodwill	115	115	115
Total assets	2,624	3,077	3,767	4,886	5,031	6,465	6,776	6,293	6,323
Accounts payable	806	1,004	1,086	1,297	1,623	1,548	1,450	1,224	1,515
Total current liabilities	1,442	1,678	1,884	2,193	2,619	2,483	2,505	2,414	2,570
Lease liabilities			209	206	118	152	142	158	182
Total liabilities	2,916	3,400	4,357	5,361	5,164	5,925	5,962	6,047	5,712
Total debt	1,015	1,216	1,645	2,410	2,041	2,790	2,763	2,925	2,442
Total equity	-292	-340	-590	-475	-133	540	814	247	611
Total liabilities and equity	2,624	3,077	3,767	4,886	5,031	6,465	6,776	6,293	6,323

Cash flow statement

	FY2019	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	239	227	371	363	795	865	745	-213	289
Cash from operations	561	561	556	954	770	650	1,658	688	1,213
Capital expenditures	-215	-278	-281	-253	-629	-601	-548	-397	-298
Cash from investing	-231	-471	-443	-260	-688	-853	-575	-426	-318
Debt issued	-138	147	457	964	410	921	3.3	3.6	0.7
Debt repaid	24.6	-16.8	-19	-52.8	-779	-252	-58.2	-59.7	-336
Share buybacks	-455	-249	-448	-172	-683	-306	-446	-215	-50.3
Dividends paid	-25.3	-35.3	-37.2	-9.6	-43.1	-50.8	-55.6	-61.9	-62.9
Cash from financing	-405	-213	-178	584	-1,143	190	-797	-553	-663
Exchange rate effect	2.3	-3.5	8	5.5	0.5	-49.9	3.1	-21.4	16.2
Net change in cash	-72.6	-126	-57.5	1,283	-1,060	-63.5	290	-312	248
Free cash flow	346	283	275	701	141	48.5	1,110	292	915
Income taxes paid	52.6	69.3	135	150	179	349	256	147	85.2

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Gross margin	22.4%	Gross profit / revenue.
Operating margin	4.7%	Operating income / revenue.
Pre-tax margin	4.3%	Pre-tax income / revenue.
Net margin	3.5%	Net income / revenue.
FCF margin	10.8%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	14.4%	Cash from operations / revenue.
Effective tax rate	6.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	4.6%	Net income / average total assets.
R&D / revenue	5.1%	Research and development expense / revenue.
Capex / revenue	3.5%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	6.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-5.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	7.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-8.9%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	5.1%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-27.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-33.6%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-3.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income CAGR, 3y	-30.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-4.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS CAGR, 3y	-28.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-0.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	76.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	23.1%	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	4.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	213.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	166.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	5.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	0.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-0.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.3%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.27x	Current assets / current liabilities.
Quick ratio	0.40x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.17x	(Cash + short-term investments) / current liabilities.
Debt / assets	38.6%	Total debt / total assets.
Liabilities / assets	90.3%	Total liabilities / total assets.
Net debt	CA$2.02B	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	1.88x	Operating income / interest expense.
Working capital	CA$699.6M	Current assets - current liabilities.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.34x	Revenue / average total assets.
Fixed asset turnover	4.50x	Revenue / average property, plant and equipment.
Inventory turnover	3.64x	Cost of revenue / average inventory.
Days inventory	100 days	365 x average inventory / cost of revenue.
Receivables turnover	13.6x	Revenue / average receivables.
Days sales outstanding	27 days	365 x average receivables / revenue.
Days payables	76 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	51 days	Days inventory + days sales outstanding - days payables.
FCF conversion	313.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	CA$3.95	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	CA$3.99	Net income per basic share, as reported (split-adjusted).
Payout ratio	21.6%	Dividends paid / net income, when net income is positive.
Dividends / FCF	6.9%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	5.5%	Share buybacks / free cash flow, when free cash flow is positive.

What was BRP Inc.'s revenue in fiscal 2026?

BRP Inc. reported revenue of CA$8.44B for fiscal 2026, 6.8% higher than the year before.

Was BRP Inc. profitable in fiscal 2026?

Yes. Net income was CA$291.6M, a net margin of 3.5%.

How much free cash flow did BRP Inc. generate in fiscal 2026?

Cash from operations of CA$1.21B minus capital expenditures of CA$297.7M left free cash flow of CA$914.8M.

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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