BN
Brookfield Corporation
BN's fundamentals are strong: its operating margin rose 4 points to 29% and earnings per share grew 87%. At 75x earnings, it's trading in line with its usual 71x. Analysts expect strong earnings growth.
BN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BN's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BN.
BN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 13x | $41.64 | — |
| Cheap | 20x | $10.94 | -74% |
| Fair | 71x | $39.79 | -4.4% |
| Current | 75x | $41.64 | — |
| Expensive | 130x | $72.77 | +75% |
Historical ranges are pointers, not guarantees.
BN's PE is in its fair range at 75x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
BN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| -- | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for BN, with profitability holding steady.
BN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.22 | +475% |
| Q2 2026 | $0.56 | +87% |
| Q1 2026 | $0.52 | +160% |
| Q4 2025 | $0.49 | +133% |
| Q3 2025 | $0.36 | +13% |
| Q2 2025 | $0.30 | -21% |
| Q1 2025 | $0.20 | -50% |
| Q4 2024 | $0.21 | -49% |
| Q3 2024 | $0.32 | +$0.34 |
BN's earnings per share have fallen from their peak: $0.56 over the past year, against $1.66 in late 2019.
BN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $19.3B | +6.6% |
| Q1 2026 | $18.4B | +2.5% |
| Q4 2025 | $21.2B | +9% |
| Q3 2025 | $18.9B | -8.3% |
| Q2 2025 | $18.1B | -22% |
| Q1 2025 | $17.9B | -22% |
| Q4 2024 | $19.4B | -21% |
| Q3 2024 | $20.6B | -16% |
BN's revenue is recovering but still below its 2023 peak: $19.3B last quarter, up 6.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 24% | +1.3 points |
| Q1 2026 | 24% | -1.1 points |
| Q4 2025 | 42% | +16 points |
| Q3 2025 | 23% | -2.9 points |
| Q2 2025 | 23% | +6.1 points |
| Q1 2025 | 25% | +8.2 points |
| Q4 2024 | 26% | +9.9 points |
| Q3 2024 | 26% | +12 points |
BN's operating margin was 24% last quarter, up 1.3 points from the same quarter a year ago.
BN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$1.8B | -$1B |
| Q1 2026 | -$5.6B | -$4.5B |
| Q4 2025 | $0 | +$24.5M |
| Q3 2025 | -$919.1M | -238% |
| Q2 2025 | -$750M | +$943.6M |
| Q1 2025 | -$1.1B | +$1.5B |
| Q4 2024 | -$24.5M | +$1.2B |
| Q3 2024 | $665.5M | -48% |
BN's free cash flow was −$8.3B over the past year, against −$1.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like BN.
BN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.3% | +8M shares |
| 3 years | 0% | -600K shares |
| 5 years | +1.8% | +42M shares |
| Available history | +7.3% | +162M shares |
BN has 2.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $109.6M |
| Q1 2026 | $431.9M |
| Q4 2025 | — |
| Q3 2025 | $35.4M |
| Q2 2025 | $293.6M |
| Q1 2025 | $567.3M |
| Q4 2024 | $136.3M |
| Q3 2024 | $79.4M |
BN spent $577M buying back its own shares over the past year, down 46% from the year before.
BN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 7.5x | High |
| Q1 2026 | 7.5x | High |
| Q4 2025 | 9.0x | High |
| Q3 2025 | 7.9x | High |
| Q2 2025 | 7.7x | High |
| Q1 2025 | 8.1x | High |
| Q4 2024 | 7.5x | High |
| Q3 2024 | 7.3x | High |
BN's net debt is about 7.5 years of its operating earnings (EBITDA), down from 7.7 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BN.
BN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.0 | Neutral |
| Stochastic | 51.5 | Neutral |
BN's weekly RSI is 53 (neutral) and its Stochastic is 52 (neutral).
BN PE vs Financial Services Sector
| Metric | BN | Sector median | Relative |
|---|---|---|---|
| PE | 75x | 13x | 473% above |
| PE % | 54 | 63 | 9 pts below |
BN is trading at 75x earnings, a 473% premium to the Financial Services sector's median of 13x.
BN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.5 | 8.2% above |
| 20 week MA | $40.5 | 2.8% above |
| 50 week MA | $43.0 | 3.1% below |
| 100 week MA | $41.8 | 0.4% below |
| 200 week MA | $34.2 | 22% above |
BN's trend is mixed: it's above three of its five weekly moving averages, and 22% above its 200-week average.
BN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.7 | $21.9 | +5.6% |
| 2021 | $21.9 | $32.3 | +48% |
| 2022 | $32.3 | $21.2 | -35% |
| 2023 | $21.2 | $26.8 | +26% |
| 2024 | $26.8 | $38.1 | +43% |
| 2025 | $38.1 | $46.7 | +23% |
| 2026 YTD | $46.7 | $41.6 | -11% |
BN has finished higher in five of the last six years. It's down 11% so far in 2026.