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

ICON PLC is the larger business by last-quarter revenue ($2.0B vs $1.7B, roughly 1.2× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs 0.1%, a 5.8% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 0.6%).

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.

ICON plc is an Irish headquartered multinational healthcare intelligence and clinical research organisation. As of February 2025 had approximately 41,900 employees in 55 countries.

BEP vs ICLR — Head-to-Head

Bigger by revenue
ICLR
ICLR
1.2× larger
ICLR
$2.0B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+13.5% gap
BEP
14.2%
0.6%
ICLR
Higher net margin
BEP
BEP
5.8% more per $
BEP
5.9%
0.1%
ICLR

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BEP
BEP
ICLR
ICLR
Revenue
$1.7B
$2.0B
Net Profit
$100.0M
$2.4M
Gross Margin
Operating Margin
4.2%
Net Margin
5.9%
0.1%
Revenue YoY
14.2%
0.6%
Net Profit YoY
213.6%
-98.8%
EPS (diluted)
$-0.22
$0.03

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
ICLR
ICLR
Q3 25
$2.0B
Q2 25
$1.7B
$2.0B
Q1 25
$2.0B
Q3 24
$2.0B
Q2 24
$1.5B
$2.1B
Q1 24
$2.1B
Q3 23
$2.1B
Q2 23
$1.2B
$2.0B
Net Profit
BEP
BEP
ICLR
ICLR
Q3 25
$2.4M
Q2 25
$100.0M
$183.0M
Q1 25
$154.2M
Q3 24
$197.1M
Q2 24
$-88.0M
$146.9M
Q1 24
$187.4M
Q3 23
$163.7M
Q2 23
$151.0M
$115.6M
Operating Margin
BEP
BEP
ICLR
ICLR
Q3 25
4.2%
Q2 25
10.4%
Q1 25
11.0%
Q3 24
14.1%
Q2 24
10.8%
Q1 24
13.7%
Q3 23
12.9%
Q2 23
10.4%
Net Margin
BEP
BEP
ICLR
ICLR
Q3 25
0.1%
Q2 25
5.9%
9.1%
Q1 25
7.7%
Q3 24
9.7%
Q2 24
-5.9%
6.9%
Q1 24
9.0%
Q3 23
8.0%
Q2 23
12.5%
5.7%
EPS (diluted)
BEP
BEP
ICLR
ICLR
Q3 25
$0.03
Q2 25
$-0.22
$2.30
Q1 25
$1.90
Q3 24
$2.36
Q2 24
$-0.28
$1.76
Q1 24
$2.25
Q3 23
$1.97
Q2 23
$-0.10
$1.40

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
ICLR
ICLR
Cash + ST InvestmentsLiquidity on hand
$1.9B
$468.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$33.3B
$9.3B
Total Assets
$98.6B
$16.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
ICLR
ICLR
Q3 25
$468.9M
Q2 25
$1.9B
$390.4M
Q1 25
$526.7M
Q3 24
$695.5M
Q2 24
$1.2B
$506.6M
Q1 24
$396.1M
Q3 23
$313.1M
Q2 23
$1.2B
$270.2M
Stockholders' Equity
BEP
BEP
ICLR
ICLR
Q3 25
$9.3B
Q2 25
$33.3B
$9.6B
Q1 25
$9.5B
Q3 24
$9.8B
Q2 24
$28.0B
$9.6B
Q1 24
$9.4B
Q3 23
$9.0B
Q2 23
$28.5B
$8.8B
Total Assets
BEP
BEP
ICLR
ICLR
Q3 25
$16.5B
Q2 25
$98.6B
$16.6B
Q1 25
$16.7B
Q3 24
$17.2B
Q2 24
$73.8B
$17.0B
Q1 24
$17.0B
Q3 23
$17.0B
Q2 23
$65.9B
$17.1B

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
ICLR
ICLR
Operating Cash FlowLast quarter
$379.0M
$387.6M
Free Cash FlowOCF − Capex
$333.9M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
3.79×
164.59×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
ICLR
ICLR
Q3 25
$387.6M
Q2 25
$379.0M
$146.2M
Q1 25
$268.2M
Q3 24
$402.7M
Q2 24
$231.0M
$218.6M
Q1 24
$327.1M
Q3 23
$341.5M
Q2 23
$382.0M
$203.9M
Free Cash Flow
BEP
BEP
ICLR
ICLR
Q3 25
$333.9M
Q2 25
$113.9M
Q1 25
$239.3M
Q3 24
$359.3M
Q2 24
$182.3M
Q1 24
$299.9M
Q3 23
$312.4M
Q2 23
$171.7M
FCF Margin
BEP
BEP
ICLR
ICLR
Q3 25
16.3%
Q2 25
5.6%
Q1 25
12.0%
Q3 24
17.7%
Q2 24
8.6%
Q1 24
14.3%
Q3 23
15.2%
Q2 23
8.5%
Capex Intensity
BEP
BEP
ICLR
ICLR
Q3 25
2.6%
Q2 25
1.6%
Q1 25
1.4%
Q3 24
2.1%
Q2 24
1.7%
Q1 24
1.3%
Q3 23
1.4%
Q2 23
1.6%
Cash Conversion
BEP
BEP
ICLR
ICLR
Q3 25
164.59×
Q2 25
3.79×
0.80×
Q1 25
1.74×
Q3 24
2.04×
Q2 24
1.49×
Q1 24
1.74×
Q3 23
2.09×
Q2 23
2.53×
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

ICLR
ICLR

Other Customers$681.3M33%
Clients1125$549.4M27%
Clients15$503.3M25%
Clients610$308.8M15%

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