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Brookfield Business Corporation is a private equity firm specializing in growth capital, divestitures, and acquisitions. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. The firm prefers to invest globally. It prefers to take majority controlling stake in companies. The firm seeks returns of at least 15%-20% on its investments. The firm was founded in 2016 and is based in Hamilton, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $27.5B | $7.2B | $26M | $1.2B | 1.1% | -32.4% | 73.3% |
| 2024 | $40.6B | $7.7B | $15M | $761M | 0.9% | -26.2% | -97.3% |
| 2023 | $55.1B | $7.1B | $565M | $-158M | 29.6% | -4.0% | 796.8% |
| 2022 | $57.4B | $6.1B | $63M | $-737M | 4.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 57,385 | 55,068 | 40,620 | 27,457 |
| Operating Revenue | - | 54,808 | 52,099 | 37,381 | 24,650 |
| Cost Of Revenue | - | 53,110 | 50,021 | 34,883 | 22,151 |
| Gross Profit | - | 4,275 | 5,047 | 5,737 | 5,306 |
| Operating Expense | - | 1,360 | 1,538 | 1,267 | 1,151 |
| Selling General And Administration | - | 1,360 | 1,538 | 1,267 | 1,151 |
| Total Expenses | - | 54,470 | 51,559 | 36,150 | 23,302 |
| Operating Income | - | 2,915 | 3,509 | 4,470 | 4,155 |
| EBITDA | - | 6,138 | 7,101 | 7,674 | 7,185 |
| Normalized EBITDA | - | 6,101 | 3,246 | 7,963 | 6,948 |
| EBIT | - | 2,915 | 3,509 | 4,470 | 4,155 |
| Net Interest Income | - | -2,538 | -3,596 | -3,104 | -3,139 |
| Other Non Operating Income Expenses | - | -658 | -178 | -573 | -815 |
| Other Income Expense | - | -456 | 3,809 | -772 | -536 |
| Net Non Operating Interest Income Expense | - | -2,538 | -3,596 | -3,104 | -3,139 |
| Pretax Income | - | -79 | 3,722 | 594 | 480 |
| Tax Provision | - | -319 | -55 | -301 | 93 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 7.77 | 809.55 | -60.69 | 49.77 |
| Net Income Continuous Operations | - | 240 | 3,777 | 895 | 387 |
| Net Income From Continuing And Discontinued Operation | - | 63 | 565 | 15 | 26 |
| Net Income From Continuing Operation Net Minority Interest | - | 63 | 565 | 15 | 26 |
| Net Income | - | 63 | 565 | 15 | 26 |
| Net Income Common Stockholders | - | 36 | 482 | -37 | -26 |
| Net Income Including Noncontrolling Interests | - | 240 | 3,777 | 895 | 387 |
| Normalized Income | - | 33.77 | -2,480.45 | 243.31 | -161.23 |
| Diluted NI Availto Com Stockholders | - | 36 | 482 | -37 | -26 |
| Basic Average Shares | - | 75.30 | 74.50 | 74.28 | 86.50 |
| Diluted Average Shares | - | 75.30 | 74.50 | 74.28 | 86.50 |
| Reconciled Depreciation | - | 3,223 | 3,592 | 3,204 | 3,030 |
| Reconciled Cost Of Revenue | - | 53,110 | 50,021 | 34,883 | 22,151 |
| Total Unusual Items | - | 37 | 3,855 | -289 | 237 |
| Total Unusual Items Excluding Goodwill | - | 37 | 3,855 | -289 | 237 |
| Preferred Stock Dividends | - | 27 | 83 | 52 | 52 |
| Minority Interests | - | -177 | -3,212 | -880 | -361 |
| Special Income Charges | - | 37 | 3,855 | -289 | 237 |
| Gain On Sale Of Business | - | 28 | 4,686 | 692 | 325 |
| Impairment Of Capital Assets | - | -9 | 831 | 981 | 88 |
| Restructuring And Mergern Acquisition | -1,823 | -28 | -4,686 | -692 | - |
| General And Administrative Expense | - | 1,360 | 1,538 | 1,267 | 1,151 |
| Other Gand A | - | 1,360 | 1,538 | 1,267 | 1,151 |
| Total Other Finance Cost | - | 2,538 | 3,596 | 3,104 | 3,139 |
| Earnings From Equity Interest | - | 165 | 132 | 90 | 42 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Brookfield Business Corporationthis co. | BBUC | $6.8B | 262.64↑ premium | 2.98 | 1.1% | 6.66 |
| Commercial Metals Company | CMC | $8.5B | 99.90 | 2.02 | 2.0% | 19.98 |
| Terex Corporation | TEX | $7.2B | 32.39 | 3.42 | 10.5% | 14.31 |
| Fluor Corporation | FLR | $7.0B | -138.05 | 2.17 | -1.6% | -29.73 |
| Firefly Aerospace Inc. | FLY |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $6.8B |
| -22.75 |
| 5.70 |
| -25.1% |
| -21.68 |
| Construction Partners, Inc. | ROAD | $6.4B | 62.73 | 7.00 | 11.2% | 21.22 |
| GATX Corporation | GATX | $6.1B | 18.44 | 2.23 | 12.1% | 16.11 |
| Intuitive Machines, Inc. | LUNR | $5.4B | -64.78 | -7.15 | 11.0% | -54.52 |
| Plug Power Inc. | PLUG | $5.0B | -3.08 | 5.13 | -166.8% | -3.57 |
| Peer Median | - | 7.68 | 2.83 | 6.3% | 5.37 | |