Brookfield
BN · NYSEOpeators of Nonresidential Buildings · Fiscal year ends Dec 31
Brookfield reported revenue of $75.1B in the fiscal year ended Dec 2025, down 12.7% from the year before. Net income was $3.2B. Operating cash flow of $11B less capital expenditure of $14.8B left free cash flow of −$3.8B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $75.7B | $92.8B | $95.9B | $86B | $75.1B |
| Cost of revenue | $44.1B | $54B | $52.2B | $40.1B | $28.4B |
| Gross profit | $31.6B | $38.7B | $43.7B | $45.9B | $46.7B |
| Selling, general & admin | $3.2B | $3.9B | $5.4B | $4.9B | $5.1B |
| Interest expense | $7.6B | $10.7B | – | – | – |
| Income tax | $2.3B | $1.5B | $1B | $982M | $1.1B |
| Net income | $12.4B | $5.2B | $5.1B | $1.9B | $3.2B |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $12.7B | $14.4B | $11.2B | $15.1B | $16.2B |
| Receivables | $16.1B | $19.5B | $20.3B | $20.3B | $22.8B |
| Inventory | $8.6B | $9.1B | $7.1B | $5.4B | $5.9B |
| Net PP&E | $115B | $124B | $148B | $153B | $166B |
| Goodwill | $20.2B | $28.7B | $34.9B | $35.7B | $43.4B |
| Total assets | $391B | $441B | $490B | $490B | $519B |
| Payables | $29.1B | $33.6B | $33.4B | $30.1B | $32.3B |
| Total liabilities | $256B | $299B | $322B | $325B | $353B |
| Shareholders' equity | $135B | $142B | $168B | $165B | $166B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $7.9B | $8.8B | $6.5B | $7.6B | $11B |
| Capital expenditure | $6.9B | $7.2B | $8.1B | $11.2B | $14.8B |
| Free cash flow | $993M | $1.5B | −$1.6B | −$3.6B | −$3.8B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 22.5% | 3.4% | −10.3% | −12.7% |
| Gross margin | 41.7% | 41.7% | 45.6% | 53.3% | 62.2% |
| Net margin | 16.4% | 5.6% | 5.3% | 2.2% | 4.3% |
| Return on equityBlank when equity is negative | 9.2% | 3.7% | 3.0% | 1.1% | 1.9% |
| Free cash flow margin | 1.3% | 1.6% | −1.7% | −4.2% | −5.1% |
| Cash conversion (CFO ÷ net income) | 0.64x | 1.68x | 1.27x | 4.08x | 3.39x |
| Receivable days | 78 | 77 | 77 | 86 | 111 |
| Inventory days | 71 | 62 | 49 | 49 | 76 |
| Payable days | 241 | 227 | 234 | 274 | 416 |
Recent filings
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.