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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and Conagra Brands (CAG). Click either name above to swap in a different company.

Conagra Brands is the larger business by last-quarter revenue ($3.0B vs $1.7B, roughly 1.8× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs -22.3%, a 28.2% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs -6.8%).

Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.

Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.

BEP vs CAG — Head-to-Head

Bigger by revenue
CAG
CAG
1.8× larger
CAG
$3.0B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+20.9% gap
BEP
14.2%
-6.8%
CAG
Higher net margin
BEP
BEP
28.2% more per $
BEP
5.9%
-22.3%
CAG

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
BEP
BEP
CAG
CAG
Revenue
$1.7B
$3.0B
Net Profit
$100.0M
$-663.6M
Gross Margin
23.4%
Operating Margin
-20.1%
Net Margin
5.9%
-22.3%
Revenue YoY
14.2%
-6.8%
Net Profit YoY
213.6%
-333.3%
EPS (diluted)
$-0.22
$-1.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BEP
BEP
CAG
CAG
Q4 25
$3.0B
Q3 25
$2.6B
Q2 25
$1.7B
$2.8B
Q1 25
$2.8B
Q4 24
$3.2B
Q3 24
$2.8B
Q2 24
$1.5B
$2.9B
Q1 24
$3.0B
Net Profit
BEP
BEP
CAG
CAG
Q4 25
$-663.6M
Q3 25
$164.5M
Q2 25
$100.0M
$256.0M
Q1 25
$145.1M
Q4 24
$284.5M
Q3 24
$466.8M
Q2 24
$-88.0M
$-567.3M
Q1 24
$308.6M
Gross Margin
BEP
BEP
CAG
CAG
Q4 25
23.4%
Q3 25
24.3%
Q2 25
25.4%
Q1 25
25.0%
Q4 24
26.5%
Q3 24
26.5%
Q2 24
27.7%
Q1 24
28.3%
Operating Margin
BEP
BEP
CAG
CAG
Q4 25
-20.1%
Q3 25
13.2%
Q2 25
0.1%
Q1 25
13.9%
Q4 24
14.8%
Q3 24
17.7%
Q2 24
-16.3%
Q1 24
19.1%
Net Margin
BEP
BEP
CAG
CAG
Q4 25
-22.3%
Q3 25
6.2%
Q2 25
5.9%
9.2%
Q1 25
5.1%
Q4 24
8.9%
Q3 24
16.7%
Q2 24
-5.9%
-19.5%
Q1 24
10.2%
EPS (diluted)
BEP
BEP
CAG
CAG
Q4 25
$-1.39
Q3 25
$0.34
Q2 25
$-0.22
$0.54
Q1 25
$0.30
Q4 24
$0.59
Q3 24
$0.97
Q2 24
$-0.28
$-1.19
Q1 24
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BEP
BEP
CAG
CAG
Cash + ST InvestmentsLiquidity on hand
$1.9B
$46.6M
Total DebtLower is stronger
$7.2B
Stockholders' EquityBook value
$33.3B
$8.1B
Total Assets
$98.6B
$19.5B
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
CAG
CAG
Q4 25
$46.6M
Q3 25
$698.1M
Q2 25
$1.9B
$68.0M
Q1 25
$49.4M
Q4 24
$37.4M
Q3 24
$128.7M
Q2 24
$1.2B
$77.7M
Q1 24
$78.5M
Total Debt
BEP
BEP
CAG
CAG
Q4 25
$7.2B
Q3 25
$8.2B
Q2 25
$7.3B
Q1 25
$7.3B
Q4 24
$7.3B
Q3 24
$7.5B
Q2 24
$7.5B
Q1 24
$8.5B
Stockholders' Equity
BEP
BEP
CAG
CAG
Q4 25
$8.1B
Q3 25
$8.9B
Q2 25
$33.3B
$8.9B
Q1 25
$8.8B
Q4 24
$8.8B
Q3 24
$8.7B
Q2 24
$28.0B
$8.4B
Q1 24
$9.2B
Total Assets
BEP
BEP
CAG
CAG
Q4 25
$19.5B
Q3 25
$21.2B
Q2 25
$98.6B
$20.9B
Q1 25
$20.7B
Q4 24
$21.0B
Q3 24
$21.2B
Q2 24
$73.8B
$20.9B
Q1 24
$21.9B
Debt / Equity
BEP
BEP
CAG
CAG
Q4 25
0.89×
Q3 25
0.92×
Q2 25
0.81×
Q1 25
0.83×
Q4 24
0.83×
Q3 24
0.86×
Q2 24
0.89×
Q1 24
0.93×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BEP
BEP
CAG
CAG
Operating Cash FlowLast quarter
$379.0M
$210.6M
Free Cash FlowOCF − Capex
$138.8M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
3.79×
TTM Free Cash FlowTrailing 4 quarters
$876.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
CAG
CAG
Q4 25
$210.6M
Q3 25
$120.6M
Q2 25
$379.0M
$345.7M
Q1 25
$592.0M
Q4 24
$485.6M
Q3 24
$268.6M
Q2 24
$231.0M
$484.3M
Q1 24
$676.7M
Free Cash Flow
BEP
BEP
CAG
CAG
Q4 25
$138.8M
Q3 25
$-26.2M
Q2 25
$260.6M
Q1 25
$503.2M
Q4 24
$403.2M
Q3 24
$135.6M
Q2 24
$405.8M
Q1 24
$581.1M
FCF Margin
BEP
BEP
CAG
CAG
Q4 25
4.7%
Q3 25
-1.0%
Q2 25
9.4%
Q1 25
17.7%
Q4 24
12.6%
Q3 24
4.9%
Q2 24
14.0%
Q1 24
19.2%
Capex Intensity
BEP
BEP
CAG
CAG
Q4 25
2.4%
Q3 25
5.6%
Q2 25
3.1%
Q1 25
3.1%
Q4 24
2.6%
Q3 24
4.8%
Q2 24
2.7%
Q1 24
3.2%
Cash Conversion
BEP
BEP
CAG
CAG
Q4 25
Q3 25
0.73×
Q2 25
3.79×
1.35×
Q1 25
4.08×
Q4 24
1.71×
Q3 24
0.58×
Q2 24
Q1 24
2.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

CAG
CAG

Frozen$1.1B35%
Other Shelf Stable$625.2M21%
Snacks$583.9M20%
Foodservice$288.4M10%
Other$230.4M8%
Refrigerated$196.0M7%

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