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Utilities - Regulated electric · Utilities · Fiscal year ends Dec 31
Brookfield Renewable reported revenue of $3.7B in the fiscal year ended Dec 2025, down 10.0% from the year before. Net income was −$2.3B. Operating cash flow of $502M less capital expenditure of $1.1B left free cash flow of −$636M.
Ranks among the 36 utilities - regulated electric companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 3,367 | 3,778 | 3,967 | 4,142 | 3,728 |
| Interest expense | 29.0 | 94.0 | 140 | 462 | 469 |
| Income tax | 87.0 | 118 | 73.0 | 167 | −13.0 |
| Net income | 930 | 1,850 | 308 | 433 | −2,343 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 525 | 642 | 627 | 624 | 682 |
| Receivables | 1,146 | 1,321 | 955 | 933 | 992 |
| Inventory | 20.0 | 18.0 | 65.0 | 35.0 | 32.0 |
| Current assets | 2,336 | 3,426 | 3,298 | 3,114 | 3,943 |
| Net PP&E | 37,915 | 37,828 | 44,038 | 38,696 | 39,699 |
| Goodwill | 849 | 723 | 854 | 692 | 809 |
| Total assets | 41,986 | 43,288 | 49,421 | 44,129 | 46,267 |
| Payables | 452 | 621 | 807 | 571 | 777 |
| Current liabilities | 8,975 | 7,251 | 8,335 | 11,254 | 15,453 |
| Long-term debt | 13,512 | 13,715 | – | – | – |
| Total liabilities | 27,761 | 26,464 | 32,292 | 32,021 | 37,035 |
| Shareholders' equity | 3,667 | 5,873 | 5,787 | 1,341 | −406 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 395 | 1,284 | 1,603 | 549 | 502 |
| Capital expenditure | 1,354 | 847 | 1,028 | 949 | 1,138 |
| Free cash flow | −959 | 437 | 575 | −400 | −636 |
| Acquisitions | 12.0 | 0.0 | 180 | 0.0 | 0.0 |
| Share buybacks | 0.0 | 0.0 | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 12.2% | 5.0% | 4.4% | −10.0% |
| Net margin | 27.6% | 49.0% | 7.8% | 10.5% | −62.8% |
| Return on equityBlank when equity is negative | 25.4% | 31.5% | 5.3% | 32.3% | – |
| Free cash flow margin | −28.5% | 11.6% | 14.5% | −9.7% | −17.1% |
| Cash conversion (CFO ÷ net income) | 0.42x | 0.69x | 5.20x | 1.27x | −0.21x |
| Receivable days | 124 | 128 | 88 | 82 | 97 |
| Debt ÷ equity | 3.68x | 2.34x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 12,987 | 13,073 | – | – | – |
| Current ratio | 0.26x | 0.47x | 0.40x | 0.28x | 0.26x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.