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Brookfield Corporation (TSE:BN)
TSX:BN
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Brookfield Corporation
(TSX:BN)
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Rating:65Neutral
Price Target:
C$69.00
▲(17.33% Upside)
Action:ReiteratedDate:12/07/25
Brookfield Corporation's overall stock score reflects a mix of strong strategic growth initiatives and operational efficiency, offset by high leverage and valuation concerns. The company's robust earnings call guidance and positive technical indicators are significant strengths, while financial performance and valuation present notable risks.
Positive Factors
Record Deployable Capital
The record deployable capital positions Brookfield to capitalize on investment opportunities, supporting long-term growth and strategic initiatives.
Strategic Transactions and Partnerships
Strategic acquisitions and partnerships enhance Brookfield's market position and expand its operational capabilities, driving sustainable growth.
Strong Financial Performance
Strong financial performance with increased distributable earnings indicates effective management and operational efficiency, supporting long-term stability.
Negative Factors
High Leverage
High leverage can strain financial flexibility and increase risk, potentially impacting Brookfield's ability to invest and grow sustainably.
Negative Revenue Growth
Negative revenue growth challenges future profitability and may hinder Brookfield's ability to fund new initiatives and maintain competitive advantage.
Cash Flow Challenges
Negative free cash flow indicates potential issues in liquidity management, affecting Brookfield's capacity to invest in growth and manage debt.
Brookfield Corporation (BN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$144.07B
Dividend Yield0.53%
Average Volume (3M)3.11M
Price to Earnings (P/E)77.6
Beta (1Y)1.73
Revenue Growth-19.04%
EPS Growth17.82%
CountryCA
Employees250,000
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.86
Shares Outstanding2,449,747,600
10 Day Avg. Volume3,257,512
30 Day Avg. Volume3,107,458
Financial Highlights & Ratios
PEG Ratio-1.81
Price to Book (P/B)1.26
Price to Sales (P/S)0.67
P/FCF Ratio-16.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$78.81Price Target Upside34.00% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.77
Revenue Forecast (FY)C$12.67B
Brookfield Corporation Business Overview & Revenue Model
Company DescriptionBrookfield 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 investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.
How the Company Makes MoneyBrookfield Corporation generates revenue primarily through management fees and performance fees associated with its investment funds. The company earns management fees from its various investment vehicles, which are based on the assets under management (AUM). Additionally, Brookfield collects performance fees when its funds exceed certain benchmarks, aligning its interests with those of its investors. Key revenue streams include income from real estate investments through rental income and property sales, earnings from renewable power generation, cash flows from infrastructure assets, and returns from private equity investments. The company also benefits from strategic partnerships with institutional investors and other asset managers, which provide access to additional capital and investment opportunities, further enhancing its revenue potential.
Brookfield Corporation Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 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.Q4-2025 Updates
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.
Large-Scale Capital Raising, Deployment and Liquidity
Raised $112B of capital, deployed $126B, financed ~$175B of assets, completed $91B of asset sales, and ended the year with record deployable capital of $188B and a permanent capital base of $180B.
Strong Asset Management Performance
Asset management generated record results with $2.8B of distributable earnings; fee-bearing capital grew 12% to over $600B and fee-related earnings rose 22% to $3.0B.
Wealth Solutions Growth and Profitability
Brookfield Wealth Solutions delivered $1.7B of distributable earnings (+24% year-over-year), insurance assets exceeded $140B, delivered ROE above mid-teens, and completed $20B of annuity sales in 2025.
Strong Real Estate Operating Fundamentals
Signed nearly 17M sq ft of office leases with net rents averaging 18% higher than expiring leases across super core/core plus portfolios; examples include NYC 2.4M sq ft at +20%, Canada 2.4M sq ft at +10%, London ~800k sq ft at ~+10%; super core/core plus occupancy >95%.
Monetizations at Attractive Returns
Advanced $91B of sales across the business (including $24B real estate, $22B infrastructure, $12B renewable power, $33B private equity & other) with substantially all sales at or above carrying values; realized $560M of carried interest and $11.6B of accumulated unrealized carried interest.
Capital Returns and Share Repurchase
Returned $1.6B to shareholders via dividends and buybacks; repurchased >$1.0B of Class A shares at an average price of $36 (stated as ~50% discount to management's view of intrinsic value); Board declared a 17% increase in the quarterly dividend to $0.07 per share.
Operational Cash Flow Growth in Infrastructure and Renewables
Operating funds from operations in renewable power and transition & infrastructure increased by 14% year-over-year, supporting stable and growing cash flows across operating businesses.
Strategic Initiatives and Corporate Simplification
Announced intent to streamline listed structure (completed BBU combination; planning merger of Brookfield Corporation and BNT) to consolidate market capitalization and support insurance growth while preserving governance and investment processes.
Positive Public Market Performance and Long-Term Track Record
Company stock returned 21% in 2025 and the 30-year compound annual return stands at 19% (example given of $1,000,000 growing to $285,000,000 over 30 years).
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.
Residential / Housing Market Muted Activity
North American residential portfolio activity is muted with seasonal variability; management noted weaker housing markets in Canada and the U.S. and expects muted performance in early 2026, though positioned to benefit over the medium term.
Competitive and Regulatory Pressure in Certain Insurance Markets
Annuity market is highly competitive (noted particularly in the U.S.), and Europe presents regulatory constraints (with-profits constructs) that limit spread generation, meaning slower/more cautious expansion in some jurisdictions.
P&C Business Risks and Lower Operating Leverage
Protection/P&C historically faced a hard market and valuation challenges for acquisitions; while repositioned and now generating stronger profits, P&C offers lower operating leverage than annuities and introduces different risk characteristics to the broader platform.
Floating Rate Exposure Impact on FFO Sensitivity
Real estate debt profile is ~75–80% fixed rate (i.e., 20–25% floating); management estimated a 25bp interest rate cut would affect annualized FFO by roughly $35M, indicating sensitivity to rate moves and spread tightening dynamics.
Deal Execution and Integration Risks for Strategic M&A
Planned and announced transactions (e.g., acquisition of Just Group in the U.K., Oaktree acquisition) carry integration and execution risk; management aims to close and scale these deals in 2026, but successful integration is required to realize projected benefits.
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
Brookfield Corporation demonstrates strong operational efficiency but faces challenges in profitability and cash flow management. High leverage and negative revenue growth are potential risks, while improvements in free cash flow growth are positive signs. The company needs to focus on enhancing profitability and managing debt levels to improve financial stability.Income Statement
Brookfield Corporation's income statement shows mixed results. The company has a strong EBIT and EBITDA margin, indicating efficient operations. However, the net profit margin is low, suggesting challenges in translating revenue into profit. Revenue growth has been negative recently, which is a concern for future profitability.65
Positive
Balance Sheet
The balance sheet reflects high leverage with a debt-to-equity ratio above 5, which could pose financial risks. Return on equity is modest, indicating limited efficiency in generating returns from equity. The equity ratio is relatively low, suggesting a high reliance on debt financing.55
Neutral
Cash Flow
Cash flow analysis reveals a significant improvement in free cash flow growth, yet the free cash flow remains negative, which is concerning. The operating cash flow to net income ratio is low, indicating potential issues in converting income into cash. The free cash flow to net income ratio is negative, highlighting cash flow challenges.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.37B | 86.01B | 95.92B | 92.77B | 75.73B | 62.75B |
| Gross Profit | 25.66B | 18.07B | 14.52B | 14.26B | 11.73B | 15.37B |
| EBITDA | 30.64B | 29.19B | 30.69B | 25.05B | 28.75B | 14.55B |
| Net Income | 996.00M | 641.00M | 1.13B | 2.06B | 3.97B | -134.00M |
Balance Sheet | ||||||
| Total Assets | 514.59B | 490.42B | 490.10B | 441.28B | 391.00B | 343.70B |
| Cash, Cash Equivalents and Short-Term Investments | 16.68B | 20.18B | 16.89B | 21.96B | 19.66B | 15.42B |
| Total Debt | 262.97B | 234.79B | 233.71B | 214.07B | 175.93B | 156.62B |
| Total Liabilities | 351.51B | 325.04B | 321.85B | 299.39B | 256.26B | 221.05B |
| Stockholders Equity | 46.66B | 45.98B | 45.78B | 43.75B | 46.35B | 35.84B |
Cash Flow | ||||||
| Free Cash Flow | -2.81B | -3.43B | -1.63B | 1.45B | 984.26M | 4.56B |
| Operating Cash Flow | 9.74B | 7.21B | 6.59B | 8.40B | 7.80B | 8.78B |
| Investing Cash Flow | -26.72B | -20.09B | -2.59B | -27.57B | -18.62B | -1.19B |
| Financing Cash Flow | 21.62B | 16.97B | -7.43B | 20.82B | 13.67B | -4.23B |
Brookfield Corporation Technical Analysis
Negative
58.81
Price Trends
63.63
Negative
63.63
Negative
61.18
Negative
Market Momentum
-0.99
Positive
36.60
Neutral
22.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BN, the sentiment is Negative. The current price of 58.81 is below the 20-day moving average (MA) of 62.44, below the 50-day MA of 63.63, and below the 200-day MA of 61.18, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 22.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $5.61B | 36.86 | 14.90% | 1.32% | 35.51% | 7.55% | |
75 Outperform | $16.06B | 13.28 | 12.37% | 3.59% | -1.02% | -5.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | C$104.04B | 33.39 | 41.10% | 3.37% | 597.75% | 50.43% | |
65 Neutral | C$144.07B | 77.55 | 2.78% | 0.53% | -19.04% | 17.82% | |
65 Neutral | C$8.05B | 9.04 | 5.15% | 0.36% | 2.46% | -27.48% | |
47 Neutral | C$4.56B | -2.93 | ― | 0.71% | -0.16% | -2945.66% |
* Financial Sector Average
TSE:BN
Brookfield Corporation
58.99
6.48
12.34%
TSE:IGM
IGM Financial
68.57
25.84
60.48%
TSE:ONEX
ONEX Corporation
105.58
1.94
1.87%
TSE:SII
Sprott
225.93
166.33
279.10%
TSE:BBUC
Brookfield Business Corp. Class A
47.51
7.95
20.10%
TSE:BAM
Brookfield Asset Management Ltd. Class A
63.52
-11.32
-15.13%
Brookfield Corporation Corporate Events
Financial Disclosures
Brookfield Sets February 12 Date for Q4 2025 Results and Investor Call
Neutral
Jan 12, 2026
Brookfield Corporation announced it will release its fourth quarter 2025 financial results on the morning of February 12, 2026, followed by a conference call and webcast at 10:00 a.m. Eastern Time the same day, with a replay available online for 90 days. The scheduled results release and investor call underscore the firm’s ongoing efforts to maintain transparency with shareholders and the market, offering stakeholders timely insight into the performance of its diversified investment and operating platforms across alternative assets, wealth solutions, and real assets globally.
The most recent analyst rating on (TSE:BN) stock is a Buy with a C$58.00 price target. To see the full list of analyst forecasts on Brookfield Corporation stock, see the TSE:BN Stock Forecast page.
Business Operations and StrategyPrivate Placements and Financing
Brookfield Completes C$250 Million Preferred Share Offering
Positive
Nov 26, 2025
Brookfield Corporation announced the successful completion of a C$250 million issuance of Class A Preference Shares, Series 54, which will trade on the Toronto Stock Exchange. The proceeds will be used to redeem the company’s outstanding Series 44 shares, marking a strategic financial maneuver to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (TSE:BN) stock is a Buy with a C$52.00 price target. To see the full list of analyst forecasts on Brookfield Corporation stock, see the TSE:BN Stock Forecast page.
Business Operations and Strategy
Brookfield CEO to Present at Goldman Sachs Conference
Neutral
Nov 26, 2025
Brookfield Corporation announced that its CEO, Bruce Flatt, will present at the Goldman Sachs U.S. Financial Services Conference on December 9, 2025. This presentation is expected to provide insights into Brookfield’s strategic direction and operational focus, potentially impacting its industry positioning and offering stakeholders a deeper understanding of its market approach.
The most recent analyst rating on (TSE:BN) stock is a Buy with a C$52.00 price target. To see the full list of analyst forecasts on Brookfield Corporation stock, see the TSE:BN Stock Forecast page.
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.