Brookfield (BN) financial statements
Brookfield reported revenue of $75.1B in fiscal 2025, up 13.3% a year over 9 years.
Net income was $1.3B.
Free cash flow was -$3.8B, and the company returned $552M in dividends.
The diluted share count rose 8% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Brookfield's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.4B | $40.8B | $56.8B | $67.8B | $62.8B | $75.7B | $92.8B | $95.9B | $86.0B | $75.1B |
| Cost of revenue | $12.5B | $26.5B | $37.5B | $41.5B | $35.1B | $44.1B | $54.0B | $52.2B | $40.1B | $28.4B |
| Gross profit | $11.9B | $14.3B | $19.3B | $26.4B | $27.6B | $31.6B | $38.7B | $43.7B | $45.9B | $46.7B |
| Selling, general and admin | $1.5B | $1.3B | $1.8B | $2.6B | $2.9B | $3.2B | $3.9B | $5.4B | $4.9B | $5.1B |
| Interest expense | $3.2B | $3.6B | $4.9B | $7.2B | $7.2B | $7.6B | $10.7B | — | — | — |
| Income tax | -$345M | $613M | -$248M | $495M | $837M | $2.3B | $1.5B | $1.0B | $982M | $1.1B |
| Net income | $1.7B | $1.5B | $3.6B | $2.8B | -$134M | $4.0B | $2.1B | $1.1B | $641M | $1.3B |
| EPS (diluted) | $0.69 | $0.60 | $1.51 | $1.15 | -$0.08 | $1.59 | $0.79 | $0.41 | $0.20 | $0.49 |
| Diluted shares | — | 2.20B | 2.20B | 2.23B | 2.27B | 2.38B | 2.41B | 2.38B | 2.38B | 2.37B |
| Gross margin | 48.8% | 35.1% | 33.9% | 38.9% | 44.0% | 41.7% | 41.7% | 45.6% | 53.3% | 62.2% |
| Net margin | 6.8% | 3.6% | 6.3% | 4.1% | -0.2% | 5.2% | 2.2% | 1.2% | 0.7% | 1.7% |
Balance sheet
Fiscal years, from Brookfield's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4.3B | $5.1B | $8.4B | $6.8B | $9.9B | $12.7B | $14.4B | $11.2B | $15.1B | $16.2B |
| Receivables | $6.5B | $8.5B | $11.9B | $13.9B | $14.2B | $16.1B | $19.5B | $20.3B | $20.3B | $22.8B |
| Inventory | $3.0B | $3.6B | $4.6B | $7.1B | $6.3B | $8.6B | $9.1B | $7.1B | $5.4B | $5.9B |
| Total current assets | $6.8B | $9.6B | — | — | — | — | — | — | — | — |
| Property, plant and equipment | $45.3B | $53.0B | $67.3B | $89.3B | $100.0B | $115.5B | $124.3B | $147.6B | $153.0B | $166.0B |
| Goodwill | $3.8B | $5.3B | $8.8B | $14.6B | $14.7B | $20.2B | $28.7B | $34.9B | $35.7B | $43.4B |
| Total assets | $159.8B | $192.7B | $256.3B | $324.0B | $343.7B | $391.0B | $441.3B | $490.1B | $490.4B | $519.0B |
| Total current liabilities | $10.7B | $10.3B | — | — | — | — | — | — | — | — |
| Long-term debt | — | $5.7B | $6.0B | $7.1B | $9.1B | $10.0B | $11.4B | $11.6B | $13.5B | $13.8B |
| Total liabilities | $90.1B | $112.8B | $159.1B | $207.1B | $221.1B | $256.3B | $299.4B | $321.9B | $325.0B | $352.8B |
| Shareholders' equity | $69.7B | $79.9B | $97.2B | $116.8B | $122.6B | $134.7B | $141.9B | $168.2B | $165.4B | $166.2B |
| Net debt | -$4.3B | $520M | -$2.0B | $305M | -$856M | -$1.8B | -$3.0B | $938M | -$819M | -$2.4B |
Cash flow
Fiscal years, from Brookfield's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $4.0B | $5.2B | $6.3B | $8.3B | $7.9B | $8.8B | $6.5B | $7.6B | $11.0B |
| Capital spending | $1.5B | $1.7B | $2.0B | $3.1B | $4.0B | $6.9B | $7.2B | $8.1B | $11.2B | $14.8B |
| Free cash flow | $1.6B | $2.3B | $3.2B | $3.3B | $4.3B | $993M | $1.5B | -$1.6B | -$3.6B | -$3.8B |
| Dividends paid | $633M | $642M | $575M | $620M | $726M | $1.3B | $879M | $436M | $495M | $552M |
| Net borrowing | — | $850M | $1.1B | $542M | $2.0B | $824M | $1.6B | $696M | $1.5B | $746M |
| Free cash flow margin | 6.6% | 5.7% | 5.6% | 4.8% | 6.9% | 1.3% | 1.6% | -1.7% | -4.2% | -5.1% |
| Dividends per share | — | $0.29 | $0.26 | $0.28 | $0.32 | $0.56 | $0.36 | $0.18 | $0.21 | $0.23 |
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Open BN in InvestinglyQuestions
What was Brookfield's revenue in 2025?
$75.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Brookfield generate?
-$3.8B in fiscal 2025 (operating cash flow minus capital spending).
From Brookfield's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.