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

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $1.7B, roughly 1.1× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs 5.1%, a 0.9% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% 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.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

BEP vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
1.1× larger
IRM
$1.8B
$1.7B
BEP
Growing faster (revenue YoY)
IRM
IRM
+2.4% gap
IRM
16.6%
14.2%
BEP
Higher net margin
BEP
BEP
0.9% more per $
BEP
5.9%
5.1%
IRM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
IRM
IRM
Revenue
$1.7B
$1.8B
Net Profit
$100.0M
$93.1M
Gross Margin
Operating Margin
18.5%
Net Margin
5.9%
5.1%
Revenue YoY
14.2%
16.6%
Net Profit YoY
213.6%
-11.9%
EPS (diluted)
$-0.22
$0.31

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
IRM
IRM
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
$1.5B
Q1 24
$1.5B
Net Profit
BEP
BEP
IRM
IRM
Q4 25
$93.1M
Q3 25
$86.2M
Q2 25
$100.0M
$-43.3M
Q1 25
$16.2M
Q4 24
$105.7M
Q3 24
$-33.7M
Q2 24
$-88.0M
$34.6M
Q1 24
$77.0M
Operating Margin
BEP
BEP
IRM
IRM
Q4 25
18.5%
Q3 25
17.6%
Q2 25
15.2%
Q1 25
16.0%
Q4 24
17.9%
Q3 24
16.1%
Q2 24
15.0%
Q1 24
16.6%
Net Margin
BEP
BEP
IRM
IRM
Q4 25
5.1%
Q3 25
4.9%
Q2 25
5.9%
-2.5%
Q1 25
1.0%
Q4 24
6.7%
Q3 24
-2.2%
Q2 24
-5.9%
2.3%
Q1 24
5.2%
EPS (diluted)
BEP
BEP
IRM
IRM
Q4 25
$0.31
Q3 25
$0.28
Q2 25
$-0.22
$-0.15
Q1 25
$0.05
Q4 24
$0.35
Q3 24
$-0.11
Q2 24
$-0.28
$0.12
Q1 24
$0.25

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$1.9B
$158.5M
Total DebtLower is stronger
$16.2B
Stockholders' EquityBook value
$33.3B
$-981.0M
Total Assets
$98.6B
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
IRM
IRM
Q4 25
$158.5M
Q3 25
Q2 25
$1.9B
Q1 25
Q4 24
$155.7M
Q3 24
Q2 24
$1.2B
Q1 24
Total Debt
BEP
BEP
IRM
IRM
Q4 25
$16.2B
Q3 25
$15.5B
Q2 25
$14.8B
Q1 25
$14.2B
Q4 24
$13.0B
Q3 24
$13.2B
Q2 24
$12.8B
Q1 24
$12.6B
Stockholders' Equity
BEP
BEP
IRM
IRM
Q4 25
$-981.0M
Q3 25
$-882.0M
Q2 25
$33.3B
$-767.4M
Q1 25
$-698.5M
Q4 24
$-503.1M
Q3 24
$-259.0M
Q2 24
$28.0B
$-132.9M
Q1 24
$18.5M
Total Assets
BEP
BEP
IRM
IRM
Q4 25
$21.1B
Q3 25
$20.6B
Q2 25
$98.6B
$20.2B
Q1 25
$19.4B
Q4 24
$18.7B
Q3 24
$18.5B
Q2 24
$73.8B
$18.0B
Q1 24
$17.8B
Debt / Equity
BEP
BEP
IRM
IRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
679.18×

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
IRM
IRM
Operating Cash FlowLast quarter
$379.0M
$500.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
28.0%
Cash ConversionOCF / Net Profit
3.79×
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
IRM
IRM
Q4 25
$500.0M
Q3 25
$267.6M
Q2 25
$379.0M
$375.1M
Q1 25
$197.3M
Q4 24
$431.6M
Q3 24
$252.9M
Q2 24
$231.0M
$382.2M
Q1 24
$130.0M
Free Cash Flow
BEP
BEP
IRM
IRM
Q4 25
$-16.2M
Q3 25
$-256.3M
Q2 25
$-181.6M
Q1 25
$-477.5M
Q4 24
$-186.0M
Q3 24
$-143.2M
Q2 24
$-14.6M
Q1 24
$-251.1M
FCF Margin
BEP
BEP
IRM
IRM
Q4 25
-0.9%
Q3 25
-14.6%
Q2 25
-10.6%
Q1 25
-30.0%
Q4 24
-11.8%
Q3 24
-9.2%
Q2 24
-1.0%
Q1 24
-17.0%
Capex Intensity
BEP
BEP
IRM
IRM
Q4 25
28.0%
Q3 25
29.9%
Q2 25
32.5%
Q1 25
42.4%
Q4 24
39.1%
Q3 24
25.4%
Q2 24
25.9%
Q1 24
25.8%
Cash Conversion
BEP
BEP
IRM
IRM
Q4 25
5.37×
Q3 25
3.10×
Q2 25
3.79×
Q1 25
12.15×
Q4 24
4.08×
Q3 24
Q2 24
11.04×
Q1 24
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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