Brookfield Corporation BN

FinancialsInvestment Banking & Investment ServicesCanada

Last close 39.28 USD on Nov 1, 2026, −14.0% year to date

Quant rating

Quant rating B Rank 118 of 304 in Financials

Growth B 101 of 304
Valuation C 187 of 304
Quality A 26 of 304
Revisions C 211 of 304
Momentum C 164 of 304

Wall Street consensus Buy (2.15)Average target 54.51 USD +38.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 96.3B
Enterprise value: 470.6B
52-week range: 35.61 – 49.56
3-year range: 20.35 – 49.56
Dividend yield: 0.71%
Beta (5 years): 1.56
Shares outstanding: 2,452M
Next earnings: Nov 12, 2026

About the company

Brookfield Corporation is a Canada-based global investment firm focused on building long-term wealth for institutions and individuals around the world. The Company has three core businesses: Alternative Asset Management, Wealth Solutions, and its Operating Businesses, which are in infrastructure, energy, private equity, real estate, and credit. Its Asset Management business includes managing long-term private funds, perpetual strategies and liquid strategies on behalf of its investors and itself. The Company's Wealth Solutions business includes its equity accounted interest in Brookfield Wealth Solutions Ltd. The infrastructure business includes the ownership, operation and development of utilities, transport, midstream, and data assets. The energy business includes ownership, operation and development of hydroelectric, wind, utility-scale solar power generating assets, distributed energy and sustainable solutions. The Private Equity business includes a broad range of industries.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	75,100	86,006	95,924	92,769	75,731	–
Revenue growth	−12.7%	−10.3%	3.4%	22.5%	20.7%	3.7%
EPS (basic, normalized)	2.54	2.64	2.02	0.79	1.59	–
EPS growth	−3.8%	30.7%	154.6%	−50.2%	–	–
Gross margin	62.2%	53.3%	45.6%	41.7%	41.7%	48.9%
Net margin	1.5%	0.5%	1.0%	2.1%	5.0%	2.0%
ROE	7.5%	15.0%	11.8%	4.8%	9.7%	9.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	14,885
Current ratio	–
Long-term debt (mil)	236,582
Net debt (mil)	374,250
Total equity (mil)	46,571
Net debt / equity	8.04x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	75,100	−12.7%	6.3x	17.68	−3.6%	2.2x	2.54	−3.8%	15.5x
2026	9,041	−88.0%	52.0x	19.35	+9.4%	2.0x	2.85	+12.4%	13.8x
2027	11,105	+22.8%	42.4x	20.61	+6.5%	1.9x	3.57	+25.1%	11.0x
2028	10,474	−5.7%	44.9x	24.75	+20.1%	1.6x	3.90	+9.2%	10.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	9,041	−16.7%	−9.7%	−9.7%	2.85	+0.4%	−0.8%	+0.5%
2027	11,105	−15.8%	−7.6%	−6.1%	3.57	0.0%	−1.6%	+0.1%
2028	10,474	–	−6.8%	−8.3%	3.90	−5.8%	−10.9%	−22.6%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,296	23,050	20,623	19,426	17,944	18,083	18,917	20,156	18,580	19,406
Sales mean (mil)	1,154	1,235	1,273	1,328	1,409	1,441	1,588	1,609	1,636	1,667
Surprise	+12.3%	+1,766.4%	+1,520.0%	+1,362.8%	+1,173.5%	+1,154.9%	+1,091.4%	+1,152.8%	+1,035.8%	+1,064.1%
EPS reported	0.51	0.90	0.56	0.67	0.65	0.59	0.63	0.67	0.66	0.66
EPS mean	0.48	0.52	0.55	0.58	0.60	0.58	0.57	0.61	0.62	0.65
Surprise	+6.0%	+73.7%	+2.7%	+15.1%	+9.4%	+0.6%	+10.8%	+10.6%	+6.0%	+1.9%

Peer comparison Investment Banking & Investment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BN Brookfield Corporation	96.3B	–	1.5%	1.88x	13.8x	11.0x	37.1x	43.2x
BLK BlackRock, Inc.	186.1B	–	22.9%	3.09x	19.8x	17.6x	14.4x	12.7x
SCHW The Charles Schwab Corporation	152.3B	–	30.4%	3.03x	13.7x	11.3x	24.3x	20.6x
BX Blackstone Inc.	142.7B	2.66x	20.9%	10.19x	20.1x	16.2x	18.2x	14.6x
CME CME Group Inc.	108.5B	0.25x	33.6%	4.08x	24.4x	22.9x	21.7x	20.6x
BNY Bank of New York Mellon Corp	99.0B	–	20.7%	2.27x	15.6x	14.1x	–	–
Mean		1.45x	21.7%	4.09x	17.9x	15.5x	23.1x	22.3x
Median		1.45x	21.9%	3.06x	17.7x	15.1x	21.7x	20.6x

Technical analysis

1M+8.3%
3M−7.1%
1Y−16.7%
3Y+106.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Brookfield Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	75,100	86,006	95,924	92,769	75,731	62,752
Cost of revenue	28,351	40,124	52,224	54,044	44,149	35,150
Gross profit	46,749	45,882	43,700	38,725	31,582	27,602
Selling, general & administrative expenses	18,321	18,151	20,179	16,906	13,530	12,337
Research & development	–	–	–	–	–	–
Depreciation/amortization	10,379	9,737	9,075	7,683	6,437	5,791
Interest expense (income), operating	16,065	16,406	14,831	9,066	2.0	8,715
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	−2,386	−1,247	−6,501	−1,594	−3,099	−785
Operating income	4,370	2,835	6,116	6,664	14,712	1,544
Net interest income (expense)	–	–	–	–	–	–
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	4,370	2,835	6,116	6,664	14,712	1,544
Provision for taxes	1,135	982	1,011	1,469	2,324	837
Minority interest	−1,928	−1,212	−3,975	−3,139	−8,422	−841
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,307	641	1,130	2,056	3,966	−134
Extraordinary items	–	–	–	–	–	–
Net income	1,307	641	1,130	2,056	3,966	−134
EBIT, normalized	20,435	19,241	20,947	15,730	15,131	10,259
EBITDA, normalized	30,842	29,002	30,045	23,429	21,644	16,050
Basic EPS, normalized	2.54	2.64	2.02	0.79	1.59	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Brookfield Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	16,242	15,051	11,222	14,396	12,694	9,933
Receivables	16,776	14,493	14,879	14,155	11,332	10,113
Total inventory	8,849	8,458	11,412	12,843	11,415	10,360
Prepaid expenses	14,047	13,649	11,363	10,557	8,162	6,335
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	251,605	256,684	271,769	239,368	216,354	196,791
Goodwill	43,355	35,730	34,911	28,662	20,227	14,714
Intangibles	38,496	36,072	38,994	38,411	30,609	24,658
Long-term investments	109,914	94,197	87,448	73,993	62,646	59,057
Note receivable	–	–	–	–	–	–
Other long-term assets	75,601	67,741	56,973	60,850	61,167	48,476
Total assets	518,971	490,424	490,095	441,284	391,003	343,696
Liabilities
Accounts payable	47,256	45,701	50,011	48,559	43,505	42,459
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	39,310	51,762	58,175	43,297	31,879	21,287
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	233,311	197,451	188,299	182,357	155,864	137,580
Minority interest	118,308	119,406	122,465	98,138	88,386	86,804
Other liabilities	119,466	127,590	133,554	117,036	100,398	83,474
Total liabilities	471,085	444,447	444,318	397,531	344,648	307,858
Shareholders' equity
Preferred stock	4,090	4,103	4,103	4,145	4,145	4,145
Common stock	10,839	10,806	10,879	10,901	10,538	7,368
Additional paid-in capital	148	114	112	148	320	285
Retained earnings (accumulated deficit)	19,302	19,576	19,692	18,904	19,115	15,952
Treasury stock	–	–	–	–	–	–
Other equity	13,507	11,378	10,991	9,655	12,237	8,088
Total equity	47,886	45,977	45,777	43,753	46,355	35,838
Total liabilities & shareholders' equity	518,971	490,424	490,095	441,284	391,003	343,696

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Brookfield Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	3,235	1,853	5,105	5,195	12,388	707
Depreciation, depletion & amortization	10,379	9,737	9,075	7,683	6,437	5,791
Deferred taxes	−771	−341	−897	191	1,210	81.0
Non-cash items	1,252	524	−5,394	−1,091	−8,977	2,036
Changes in working capital	−3,066	−4,419	−1,433	−3,069	−3,391	−251
Cash from operations	11,029	7,354	6,456	8,909	7,667	8,364
Investing activities
Capital expenditures	−21,065	−22,313	−16,282	−16,900	−18,167	−9,123
Other investing cash flows	−10,712	−7,651	−13,480	−22,750	−2,878	−4,750
Cash from investing	−31,777	−29,964	−29,762	−39,650	−21,045	−13,873
Financing activities
Financing cash flow items	−2,181	1,682	12,813	−494	−6,044	6,226
Cash dividends paid	−719	−663	−602	−1,029	−1,486	−867
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	24,587	25,881	7,716	33,983	23,791	3,339
Cash from financing	21,687	26,900	19,927	32,460	16,261	8,698
Foreign exchange effects	252	−461	205	−17.0	−122	−34.0
Net change in cash	1,191	3,829	−3,174	1,702	2,761	3,155
Free cash flow	−10,036	−14,959	−9,826	−7,991	−10,500	−759

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.