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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and F&G Annuities & Life, Inc. (FG). Click either name above to swap in a different company.

F&G Annuities & Life, Inc. is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.0× Brookfield Renewable Partners L.P.). F&G Annuities & Life, Inc. runs the higher net margin — 7.3% vs 5.9%, a 1.3% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 13.2%).

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.

F&G Annuities & Life, Inc. is a public company headquartered in Des Moines, Iowa. It primarily provides annuities, life insurance, and pension buyout services. The company was founded in 1959.

BEP vs FG — Head-to-Head

Bigger by revenue
FG
FG
1.0× larger
FG
$1.8B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+1.0% gap
BEP
14.2%
13.2%
FG
Higher net margin
FG
FG
1.3% more per $
FG
7.3%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
FG
FG
Revenue
$1.7B
$1.8B
Net Profit
$100.0M
$128.0M
Gross Margin
Operating Margin
Net Margin
5.9%
7.3%
Revenue YoY
14.2%
13.2%
Net Profit YoY
213.6%
-60.9%
EPS (diluted)
$-0.22
$0.97

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
FG
FG
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.7B
$1.4B
Q1 25
$908.0M
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.5B
$1.2B
Q1 24
$1.6B
Net Profit
BEP
BEP
FG
FG
Q4 25
$128.0M
Q3 25
$118.0M
Q2 25
$100.0M
$40.0M
Q1 25
$-21.0M
Q4 24
$327.0M
Q3 24
$-6.0M
Q2 24
$-88.0M
$203.0M
Q1 24
$115.0M
Net Margin
BEP
BEP
FG
FG
Q4 25
7.3%
Q3 25
7.0%
Q2 25
5.9%
2.9%
Q1 25
-2.3%
Q4 24
21.0%
Q3 24
-0.4%
Q2 24
-5.9%
17.3%
Q1 24
7.3%
EPS (diluted)
BEP
BEP
FG
FG
Q4 25
$0.97
Q3 25
$0.85
Q2 25
$-0.22
$0.26
Q1 25
$-0.20
Q4 24
$2.53
Q3 24
$-0.08
Q2 24
$-0.28
$1.55
Q1 24
$0.88

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
FG
FG
Cash + ST InvestmentsLiquidity on hand
$1.9B
$1.5B
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$33.3B
$4.8B
Total Assets
$98.6B
$98.4B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
FG
FG
Q4 25
$1.5B
Q3 25
$2.2B
Q2 25
$1.9B
$1.9B
Q1 25
$3.3B
Q4 24
$2.3B
Q3 24
$3.5B
Q2 24
$1.2B
$3.5B
Q1 24
$2.4B
Total Debt
BEP
BEP
FG
FG
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$1.7B
Stockholders' Equity
BEP
BEP
FG
FG
Q4 25
$4.8B
Q3 25
$4.8B
Q2 25
$33.3B
$4.4B
Q1 25
$4.4B
Q4 24
$4.0B
Q3 24
$4.3B
Q2 24
$28.0B
$3.7B
Q1 24
$3.5B
Total Assets
BEP
BEP
FG
FG
Q4 25
$98.4B
Q3 25
$96.1B
Q2 25
$98.6B
$91.8B
Q1 25
$88.0B
Q4 24
$85.0B
Q3 24
$84.1B
Q2 24
$73.8B
$78.5B
Q1 24
$74.4B
Debt / Equity
BEP
BEP
FG
FG
Q4 25
0.47×
Q3 25
0.46×
Q2 25
0.50×
Q1 25
0.51×
Q4 24
0.55×
Q3 24
0.47×
Q2 24
0.56×
Q1 24
0.49×

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
FG
FG
Operating Cash FlowLast quarter
$379.0M
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.79×
9.13×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
FG
FG
Q4 25
$1.2B
Q3 25
$937.0M
Q2 25
$379.0M
$1.6B
Q1 25
$956.0M
Q4 24
$1.3B
Q3 24
$2.1B
Q2 24
$231.0M
$1.1B
Q1 24
$1.5B
Cash Conversion
BEP
BEP
FG
FG
Q4 25
9.13×
Q3 25
7.94×
Q2 25
3.79×
40.50×
Q1 25
Q4 24
4.04×
Q3 24
Q2 24
5.20×
Q1 24
13.34×

Financial Flow Comparison

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

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