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

Brookfield Renewable Partners L.P. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Incyte). Incyte runs the higher net margin — 23.8% vs 5.9%, a 17.9% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 14.2%).

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.

Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.

BEP vs INCY — Head-to-Head

Bigger by revenue
BEP
BEP
1.3× larger
BEP
$1.7B
$1.3B
INCY
Growing faster (revenue YoY)
INCY
INCY
+6.7% gap
INCY
20.9%
14.2%
BEP
Higher net margin
INCY
INCY
17.9% more per $
INCY
23.8%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BEP
BEP
INCY
INCY
Revenue
$1.7B
$1.3B
Net Profit
$100.0M
$303.3M
Gross Margin
Operating Margin
23.7%
Net Margin
5.9%
23.8%
Revenue YoY
14.2%
20.9%
Net Profit YoY
213.6%
91.7%
EPS (diluted)
$-0.22
$1.47

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
INCY
INCY
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
$1.7B
$1.2B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.5B
$1.0B
Net Profit
BEP
BEP
INCY
INCY
Q1 26
$303.3M
Q4 25
$299.3M
Q3 25
$424.2M
Q2 25
$100.0M
$405.0M
Q1 25
$158.2M
Q4 24
$201.2M
Q3 24
$106.5M
Q2 24
$-88.0M
$-444.6M
Gross Margin
BEP
BEP
INCY
INCY
Q1 26
Q4 25
92.0%
Q3 25
92.8%
Q2 25
93.5%
Q1 25
93.0%
Q4 24
92.5%
Q3 24
92.4%
Q2 24
92.7%
Operating Margin
BEP
BEP
INCY
INCY
Q1 26
23.7%
Q4 25
22.3%
Q3 25
32.5%
Q2 25
43.6%
Q1 25
19.5%
Q4 24
25.6%
Q3 24
12.8%
Q2 24
-45.8%
Net Margin
BEP
BEP
INCY
INCY
Q1 26
23.8%
Q4 25
19.9%
Q3 25
31.1%
Q2 25
5.9%
33.3%
Q1 25
15.0%
Q4 24
17.1%
Q3 24
9.4%
Q2 24
-5.9%
-42.6%
EPS (diluted)
BEP
BEP
INCY
INCY
Q1 26
$1.47
Q4 25
$1.46
Q3 25
$2.11
Q2 25
$-0.22
$2.04
Q1 25
$0.80
Q4 24
$0.90
Q3 24
$0.54
Q2 24
$-0.28
$-2.04

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
INCY
INCY
Cash + ST InvestmentsLiquidity on hand
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$33.3B
$5.6B
Total Assets
$98.6B
$7.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
INCY
INCY
Q1 26
Q4 25
$3.1B
Q3 25
$2.5B
Q2 25
$1.9B
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
Q3 24
$1.3B
Q2 24
$1.2B
$987.3M
Stockholders' Equity
BEP
BEP
INCY
INCY
Q1 26
$5.6B
Q4 25
$5.2B
Q3 25
$4.7B
Q2 25
$33.3B
$4.2B
Q1 25
$3.7B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$28.0B
$3.0B
Total Assets
BEP
BEP
INCY
INCY
Q1 26
$7.3B
Q4 25
$7.0B
Q3 25
$6.3B
Q2 25
$98.6B
$5.8B
Q1 25
$5.7B
Q4 24
$5.4B
Q3 24
$5.0B
Q2 24
$73.8B
$4.7B

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
INCY
INCY
Q1 26
Q4 25
$543.3M
Q3 25
$559.4M
Q2 25
$379.0M
$44.7M
Q1 25
$266.1M
Q4 24
$381.2M
Q3 24
$310.9M
Q2 24
$231.0M
$-575.6M
Cash Conversion
BEP
BEP
INCY
INCY
Q1 26
Q4 25
1.82×
Q3 25
1.32×
Q2 25
3.79×
0.11×
Q1 25
1.68×
Q4 24
1.89×
Q3 24
2.92×
Q2 24

Financial Flow Comparison

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

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