Brookfield Corporation (TSE:BN)
TSX:BN
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Brookfield Corporation
(TSX:BN)
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Rating:50Neutral
Price Target:
C$62.00
â–¼(-2.88% Downside)
Action:ReiteratedDate:03/22/26
The score is held back primarily by balance-sheet risk (high leverage), weak cash conversion (negative free cash flow), and a weak technical setup. These are partially offset by a strong and optimistic earnings-call outlook with record distributable earnings, fundraising momentum, and defined growth initiatives, but the high P/E and low dividend yield limit valuation support.
Positive Factors
Scale of fee-bearing capital & fee growth
Brookfield's expanded fee-bearing capital (> $600B) and 22% rise in fee-related earnings strengthen recurring, predictable management-fee revenue. Scale across strategies diversifies fee streams, smooths earnings volatility from principal investments and supports durable fee income to fund operations and reinvestment.
Negative Factors
High leverage on balance sheet
Brookfield's debt-to-equity near 5.5x materially increases balance-sheet sensitivity to interest rates and capital markets. Elevated leverage amplifies volatility of net income and equity returns, limits strategic flexibility in downturns and raises refinancing and covenant risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale of fee-bearing capital & fee growth
Brookfield's expanded fee-bearing capital (> $600B) and 22% rise in fee-related earnings strengthen recurring, predictable management-fee revenue. Scale across strategies diversifies fee streams, smooths earnings volatility from principal investments and supports durable fee income to fund operations and reinvestment.
Read all positive factors
Brookfield Corporation (BN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$139.11B
Dividend Yield0.53%
Average Volume (3M)3.12M
Price to Earnings (P/E)77.6
Beta (1Y)1.69
Revenue Growth-19.04%
EPS Growth17.82%
CountryCA
Employees250,000
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.86
Shares Outstanding2,237,129,000
10 Day Avg. Volume2,468,542
30 Day Avg. Volume3,119,791
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)2.16
Price to Sales (P/S)1.31
P/FCF Ratio-26.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$79.17Price Target Upside24.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.79
Revenue Forecast (FY)C$10.30B
Brookfield Corporation Business Overview & Revenue Model
Company Description
Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private inv...
How the Company Makes Money
Brookfield primarily makes money through (1) asset management earnings and (2) investment income from capital it has invested alongside its funds and affiliates, with additional earnings from its insurance solutions operations.
1) Asset managemen...
Brookfield Corporation Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Positive
The call emphasized multiple strong operating and financial outcomes across capital raising, deployment, fee-income growth, record distributable earnings, and robust real estate leasing and monetizations. Management outlined clear growth initiatives in Wealth Solutions (including geographic expansion and pension market opportunities), strategic corporate simplification to consolidate capital, and active capital return programs. Key risks discussed include timing uncertainty for carried interest realizations, muted near-term residential activity, competitive/regulatory constraints in certain insurance markets, and P&C risk characteristics. Overall, the positives — sizable capital base, record results, fundraising momentum, strong fee growth, and improving real estate fundamentals — materially outweigh near-term execution and timing challenges.Positive Updates
Record Distributable Earnings and Net Income
Distributable earnings before realizations were $5.4B (or $2.27/share), an 11% increase year-over-year; total distributable earnings were $6.0B ($2.54/share) and total net income was $3.2B for FY2025.
Negative Updates
Timing Uncertainty for Carried Interest Realizations
Management expects carried interest realizations to accelerate but timing is outside company control; guidance indicates step-up in H2 2026 and scaling into 2027–2028, implying near-term uncertainty in realization cadence and earnings contribution.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Distributable Earnings and Net Income
Distributable earnings before realizations were $5.4B (or $2.27/share), an 11% increase year-over-year; total distributable earnings were $6.0B ($2.54/share) and total net income was $3.2B for FY2025.
Read all positive updates
Company Guidance
The key forward guidance from the call was focused on Wealth Solutions and corporate growth: on the current trajectory BWS expects to end 2026 with circa $200 billion of insurance assets, deliver over $2.0 billion of distributable earnings to Brookfield and maintain a BWS capital base exceeding $20 billion, while targeting mid‑teens ROE; BWS also expects annualized organic inflows to grow to over $25 billion in the near term, U.S. inflows to exceed $30 billion annually over time, £5+ billion of pension opportunities to be executed annually from the Just acquisition, Asia to generate $3–5 billion of annual flows over time, and the protection franchise to scale float from $8 billion today toward $20–25 billion by decade end; corporate priorities include continued asset‑management fundraising and earnings growth (after 2025 DE of $5.4 billion before realizations and $6.0 billion total), accelerating carried‑interest realizations into H2 2026 and into 2027–28, pursuing the BN/BNT consolidation within ~12 months, and returning capital (Board raised the quarterly dividend 17% to $0.07/share).Brookfield Corporation Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
38
Negative
Cash Flow
44
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.84B | 86.01B | 95.92B | 92.77B | 75.73B |
| Gross Profit | 10.23B | 18.07B | 14.52B | 14.26B | 11.73B |
| EBITDA | 33.28B | 29.19B | 30.69B | 25.05B | 28.75B |
| Net Income | 1.33B | 641.00M | 1.13B | 2.06B | 3.97B |
Balance Sheet | |||||
| Total Assets | 518.03B | 490.42B | 490.10B | 441.28B | 391.00B |
| Cash, Cash Equivalents and Short-Term Investments | 23.60B | 20.18B | 16.89B | 21.96B | 19.66B |
| Total Debt | 272.12B | 234.79B | 233.71B | 214.07B | 175.93B |
| Total Liabilities | 352.13B | 325.04B | 321.85B | 299.39B | 256.26B |
| Stockholders Equity | 47.80B | 45.98B | 45.78B | 43.75B | 46.35B |
Cash Flow | |||||
| Free Cash Flow | -3.86B | -3.43B | -1.63B | 1.45B | 984.26M |
| Operating Cash Flow | 11.15B | 7.21B | 6.59B | 8.40B | 7.80B |
| Investing Cash Flow | -20.58B | -20.09B | -2.59B | -27.57B | -18.62B |
| Financing Cash Flow | 10.39B | 16.97B | -7.43B | 20.82B | 13.67B |
Brookfield Corporation Technical Analysis
Positive
63.84
Price Trends
58.71
Positive
61.41
Positive
61.55
Positive
Market Momentum
1.56
Negative
70.75
Negative
89.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BN, the sentiment is Positive. The current price of 63.84 is above the 20-day moving average (MA) of 57.56, above the 50-day MA of 58.71, and above the 200-day MA of 61.55, indicating a bullish trend. The MACD of 1.56 indicates Negative momentum. The RSI at 70.75 is Negative, neither overbought nor oversold. The STOCH value of 89.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BN.
Brookfield Corporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$4.58B | 36.86 | 20.71% | 1.32% | 35.51% | 7.55% | |
73 Outperform | C$107.23B | 33.39 | 28.97% | 3.37% | 597.75% | 50.43% | |
71 Outperform | C$17.36B | 13.28 | 13.03% | 3.59% | -1.02% | -5.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$8.91B | 9.04 | 7.20% | 0.36% | 2.46% | -27.48% | |
55 Neutral | C$10.69B | -2.93 | 201.17% | 0.71% | -0.16% | -2945.66% | |
50 Neutral | C$139.11B | 77.55 | 2.81% | 0.53% | -19.04% | 17.82% |
* Financial Sector Average
TSE:BN
Brookfield Corporation
62.19
13.34
27.30%
TSE:IGM
IGM Financial
74.42
33.29
80.93%
TSE:ONEX
ONEX Corporation
116.71
20.11
20.82%
TSE:SII
Sprott
178.31
106.85
149.51%
TSE:BBUC
Brookfield Business Corp. Class A
45.65
10.41
29.54%
TSE:BAM
Brookfield Asset Management Ltd. Class A
64.97
-6.20
-8.71%
Brookfield Corporation Corporate Events
Business Operations and StrategyFinancial Disclosures
Brookfield Sets Date for First-Quarter 2026 Results Call
Neutral
Apr 14, 2026
Brookfield Corporation said it will release its first-quarter 2026 financial results on May 14, 2026, before markets open, followed by a conference call and webcast for investors later that morning. The scheduled event underscores the firm’s...
Financial DisclosuresRegulatory Filings and Compliance
Brookfield Files 2025 Annual Report With U.S. and Canadian Regulators
Positive
Mar 18, 2026
Brookfield Corporation, a global investment firm active in alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, business and industrial services, and real estate, continues to position itself...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Brookfield Posts Record Distributable Earnings and Hikes Dividend 17%
Positive
Feb 12, 2026
Brookfield Corporation reported record distributable earnings before realizations of $5.4 billion for 2025, an 11% per-share increase, as total consolidated net income reached $3.2 billion and fee-bearing capital rose to $603 billion. The firmR...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.