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

Hormel Foods is the larger business by last-quarter revenue ($3.2B vs $1.7B, roughly 1.9× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs -1.8%, a 7.7% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 1.5%).

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.

Hormel Foods Corporation, doing business as Hormel Foods or simply Hormel, is an American multinational food processing company founded in 1891 in Austin, Minnesota, by George A. Hormel as George A. Hormel & Company. The company originally focused on the packaging and selling of ham, sausage and other pork, chicken, beef and lamb products to consumers, adding Spam in 1937. By the 1980s, Hormel began offering a wider range of packaged and refrigerated foods.

BEP vs HRL — Head-to-Head

Bigger by revenue
HRL
HRL
1.9× larger
HRL
$3.2B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+12.7% gap
BEP
14.2%
1.5%
HRL
Higher net margin
BEP
BEP
7.7% more per $
BEP
5.9%
-1.8%
HRL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
HRL
HRL
Revenue
$1.7B
$3.2B
Net Profit
$100.0M
$-56.1M
Gross Margin
14.0%
Operating Margin
0.1%
Net Margin
5.9%
-1.8%
Revenue YoY
14.2%
1.5%
Net Profit YoY
213.6%
-125.5%
EPS (diluted)
$-0.22
$-0.10

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
HRL
HRL
Q4 25
$3.2B
Q3 25
$3.0B
Q2 25
$1.7B
$2.9B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$2.9B
Q2 24
$1.5B
$2.9B
Q1 24
$3.0B
Net Profit
BEP
BEP
HRL
HRL
Q4 25
$-56.1M
Q3 25
$183.7M
Q2 25
$100.0M
$180.0M
Q1 25
$170.6M
Q4 24
$220.2M
Q3 24
$176.7M
Q2 24
$-88.0M
$189.3M
Q1 24
$218.9M
Gross Margin
BEP
BEP
HRL
HRL
Q4 25
14.0%
Q3 25
16.1%
Q2 25
16.7%
Q1 25
15.9%
Q4 24
16.6%
Q3 24
16.8%
Q2 24
17.4%
Q1 24
17.0%
Operating Margin
BEP
BEP
HRL
HRL
Q4 25
0.1%
Q3 25
7.9%
Q2 25
8.6%
Q1 25
7.6%
Q4 24
9.4%
Q3 24
8.2%
Q2 24
8.7%
Q1 24
9.5%
Net Margin
BEP
BEP
HRL
HRL
Q4 25
-1.8%
Q3 25
6.1%
Q2 25
5.9%
6.2%
Q1 25
5.7%
Q4 24
7.0%
Q3 24
6.1%
Q2 24
-5.9%
6.6%
Q1 24
7.3%
EPS (diluted)
BEP
BEP
HRL
HRL
Q4 25
$-0.10
Q3 25
$0.33
Q2 25
$-0.22
$0.33
Q1 25
$0.31
Q4 24
$0.41
Q3 24
$0.32
Q2 24
$-0.28
$0.34
Q1 24
$0.40

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
HRL
HRL
Cash + ST InvestmentsLiquidity on hand
$1.9B
$703.6M
Total DebtLower is stronger
$2.9B
Stockholders' EquityBook value
$33.3B
$7.9B
Total Assets
$98.6B
$13.4B
Debt / EquityLower = less leverage
0.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
HRL
HRL
Q4 25
$703.6M
Q3 25
$630.7M
Q2 25
$1.9B
$699.0M
Q1 25
$866.4M
Q4 24
$766.6M
Q3 24
$561.9M
Q2 24
$1.2B
$1.5B
Q1 24
$981.9M
Total Debt
BEP
BEP
HRL
HRL
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.4B
Stockholders' Equity
BEP
BEP
HRL
HRL
Q4 25
$7.9B
Q3 25
$8.1B
Q2 25
$33.3B
$8.0B
Q1 25
$8.0B
Q4 24
$8.0B
Q3 24
$7.9B
Q2 24
$28.0B
$7.9B
Q1 24
$7.8B
Total Assets
BEP
BEP
HRL
HRL
Q4 25
$13.4B
Q3 25
$13.5B
Q2 25
$98.6B
$13.4B
Q1 25
$13.4B
Q4 24
$13.4B
Q3 24
$13.1B
Q2 24
$73.8B
$14.1B
Q1 24
$13.5B
Debt / Equity
BEP
BEP
HRL
HRL
Q4 25
0.36×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.36×
Q4 24
0.36×
Q3 24
0.36×
Q2 24
0.36×
Q1 24
0.30×

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
HRL
HRL
Operating Cash FlowLast quarter
$379.0M
$322.9M
Free Cash FlowOCF − Capex
$231.4M
FCF MarginFCF / Revenue
7.3%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
3.79×
TTM Free Cash FlowTrailing 4 quarters
$534.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
HRL
HRL
Q4 25
$322.9M
Q3 25
$156.7M
Q2 25
$379.0M
$56.4M
Q1 25
$309.2M
Q4 24
$408.6M
Q3 24
$218.0M
Q2 24
$231.0M
$236.1M
Q1 24
$404.0M
Free Cash Flow
BEP
BEP
HRL
HRL
Q4 25
$231.4M
Q3 25
$84.5M
Q2 25
$-18.6M
Q1 25
$237.0M
Q4 24
$324.8M
Q3 24
$152.5M
Q2 24
$176.2M
Q1 24
$356.8M
FCF Margin
BEP
BEP
HRL
HRL
Q4 25
7.3%
Q3 25
2.8%
Q2 25
-0.6%
Q1 25
7.9%
Q4 24
10.4%
Q3 24
5.3%
Q2 24
6.1%
Q1 24
11.9%
Capex Intensity
BEP
BEP
HRL
HRL
Q4 25
2.9%
Q3 25
2.4%
Q2 25
2.6%
Q1 25
2.4%
Q4 24
2.7%
Q3 24
2.3%
Q2 24
2.1%
Q1 24
1.6%
Cash Conversion
BEP
BEP
HRL
HRL
Q4 25
Q3 25
0.85×
Q2 25
3.79×
0.31×
Q1 25
1.81×
Q4 24
1.86×
Q3 24
1.23×
Q2 24
1.25×
Q1 24
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

HRL
HRL

Retail Segment$1.9B60%
Foodservice Segment$1.1B34%
Other$174.7M5%

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