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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and MUELLER INDUSTRIES INC (MLI). 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 $962.4M, roughly 1.8× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 5.9%, a 10.1% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 4.2%).

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.

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

BEP vs MLI — Head-to-Head

Bigger by revenue
BEP
BEP
1.8× larger
BEP
$1.7B
$962.4M
MLI
Growing faster (revenue YoY)
BEP
BEP
+10.0% gap
BEP
14.2%
4.2%
MLI
Higher net margin
MLI
MLI
10.1% more per $
MLI
16.0%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
MLI
MLI
Revenue
$1.7B
$962.4M
Net Profit
$100.0M
$153.7M
Gross Margin
Operating Margin
17.9%
Net Margin
5.9%
16.0%
Revenue YoY
14.2%
4.2%
Net Profit YoY
213.6%
11.7%
EPS (diluted)
$-0.22
$1.37

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
MLI
MLI
Q4 25
$962.4M
Q3 25
$1.1B
Q2 25
$1.7B
$1.1B
Q1 25
$1.0B
Q4 24
$923.5M
Q3 24
$997.8M
Q2 24
$1.5B
$997.7M
Q1 24
$849.7M
Net Profit
BEP
BEP
MLI
MLI
Q4 25
$153.7M
Q3 25
$208.1M
Q2 25
$100.0M
$245.9M
Q1 25
$157.4M
Q4 24
$137.7M
Q3 24
$168.7M
Q2 24
$-88.0M
$160.2M
Q1 24
$138.4M
Gross Margin
BEP
BEP
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
BEP
BEP
MLI
MLI
Q4 25
17.9%
Q3 25
25.6%
Q2 25
26.7%
Q1 25
20.6%
Q4 24
18.4%
Q3 24
20.7%
Q2 24
21.0%
Q1 24
21.6%
Net Margin
BEP
BEP
MLI
MLI
Q4 25
16.0%
Q3 25
19.3%
Q2 25
5.9%
21.6%
Q1 25
15.7%
Q4 24
14.9%
Q3 24
16.9%
Q2 24
-5.9%
16.1%
Q1 24
16.3%
EPS (diluted)
BEP
BEP
MLI
MLI
Q4 25
$1.37
Q3 25
$1.88
Q2 25
$-0.22
$2.22
Q1 25
$1.39
Q4 24
$1.21
Q3 24
$1.48
Q2 24
$-0.28
$1.41
Q1 24
$1.21

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$1.9B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$33.3B
$3.2B
Total Assets
$98.6B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
MLI
MLI
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.9B
$1.1B
Q1 25
$873.6M
Q4 24
$1.1B
Q3 24
$969.6M
Q2 24
$1.2B
$825.7M
Q1 24
$1.4B
Stockholders' Equity
BEP
BEP
MLI
MLI
Q4 25
$3.2B
Q3 25
$3.1B
Q2 25
$33.3B
$2.9B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$28.0B
$2.5B
Q1 24
$2.4B
Total Assets
BEP
BEP
MLI
MLI
Q4 25
$3.7B
Q3 25
$3.7B
Q2 25
$98.6B
$3.5B
Q1 25
$3.2B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$73.8B
$3.1B
Q1 24
$2.9B

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
MLI
MLI
Operating Cash FlowLast quarter
$379.0M
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
3.79×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
MLI
MLI
Q4 25
$141.2M
Q3 25
$310.1M
Q2 25
$379.0M
$190.6M
Q1 25
$113.6M
Q4 24
$140.1M
Q3 24
$231.4M
Q2 24
$231.0M
$100.8M
Q1 24
$173.6M
Free Cash Flow
BEP
BEP
MLI
MLI
Q4 25
$121.4M
Q3 25
$291.8M
Q2 25
$176.5M
Q1 25
$97.0M
Q4 24
$111.2M
Q3 24
$205.7M
Q2 24
$91.6M
Q1 24
$157.2M
FCF Margin
BEP
BEP
MLI
MLI
Q4 25
12.6%
Q3 25
27.1%
Q2 25
15.5%
Q1 25
9.7%
Q4 24
12.0%
Q3 24
20.6%
Q2 24
9.2%
Q1 24
18.5%
Capex Intensity
BEP
BEP
MLI
MLI
Q4 25
2.1%
Q3 25
1.7%
Q2 25
1.2%
Q1 25
1.7%
Q4 24
3.1%
Q3 24
2.6%
Q2 24
0.9%
Q1 24
1.9%
Cash Conversion
BEP
BEP
MLI
MLI
Q4 25
0.92×
Q3 25
1.49×
Q2 25
3.79×
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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