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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and Martin Marietta Materials (MLM). 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 $1.1B, roughly 1.5× Martin Marietta Materials). Martin Marietta Materials runs the higher net margin — 24.5% vs 5.9%, a 18.6% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs -30.1%).

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.

Martin Marietta Materials, Inc. is an American company and a supplier of aggregates and heavy building materials, with operations spanning 26 states, Canada, and the Caribbean. In particular, Martin Marietta Materials supplies resources for the construction of roads, sidewalks, and foundations.

BEP vs MLM — Head-to-Head

Bigger by revenue
BEP
BEP
1.5× larger
BEP
$1.7B
$1.1B
MLM
Growing faster (revenue YoY)
BEP
BEP
+44.3% gap
BEP
14.2%
-30.1%
MLM
Higher net margin
MLM
MLM
18.6% more per $
MLM
24.5%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
MLM
MLM
Revenue
$1.7B
$1.1B
Net Profit
$100.0M
$279.0M
Gross Margin
35.0%
Operating Margin
24.6%
Net Margin
5.9%
24.5%
Revenue YoY
14.2%
-30.1%
Net Profit YoY
213.6%
-4.8%
EPS (diluted)
$-0.22
$4.59

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
MLM
MLM
Q4 25
$1.1B
Q3 25
$1.8B
Q2 25
$1.7B
$1.8B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.9B
Q2 24
$1.5B
$1.8B
Q1 24
$1.3B
Net Profit
BEP
BEP
MLM
MLM
Q4 25
$279.0M
Q3 25
$414.0M
Q2 25
$100.0M
$328.0M
Q1 25
$116.0M
Q4 24
$293.0M
Q3 24
$363.0M
Q2 24
$-88.0M
$294.0M
Q1 24
$1.0B
Gross Margin
BEP
BEP
MLM
MLM
Q4 25
35.0%
Q3 25
33.1%
Q2 25
30.0%
Q1 25
24.8%
Q4 24
30.0%
Q3 24
31.7%
Q2 24
29.3%
Q1 24
21.7%
Operating Margin
BEP
BEP
MLM
MLM
Q4 25
24.6%
Q3 25
27.4%
Q2 25
25.3%
Q1 25
14.3%
Q4 24
24.4%
Q3 24
25.9%
Q2 24
22.6%
Q1 24
Net Margin
BEP
BEP
MLM
MLM
Q4 25
24.5%
Q3 25
22.4%
Q2 25
5.9%
18.1%
Q1 25
8.6%
Q4 24
18.0%
Q3 24
19.2%
Q2 24
-5.9%
16.7%
Q1 24
83.5%
EPS (diluted)
BEP
BEP
MLM
MLM
Q4 25
$4.59
Q3 25
$6.85
Q2 25
$-0.22
$5.43
Q1 25
$1.90
Q4 24
$4.87
Q3 24
$5.91
Q2 24
$-0.28
$4.76
Q1 24
$16.87

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
MLM
MLM
Cash + ST InvestmentsLiquidity on hand
$1.9B
$67.0M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$33.3B
$10.0B
Total Assets
$98.6B
$18.7B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
MLM
MLM
Q4 25
$67.0M
Q3 25
$57.0M
Q2 25
$1.9B
$225.0M
Q1 25
$101.0M
Q4 24
$670.0M
Q3 24
$52.0M
Q2 24
$1.2B
$109.0M
Q1 24
$2.6B
Total Debt
BEP
BEP
MLM
MLM
Q4 25
$5.3B
Q3 25
$5.5B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$4.0B
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
BEP
BEP
MLM
MLM
Q4 25
$10.0B
Q3 25
$9.7B
Q2 25
$33.3B
$9.4B
Q1 25
$9.1B
Q4 24
$9.5B
Q3 24
$9.2B
Q2 24
$28.0B
$8.8B
Q1 24
$8.9B
Total Assets
BEP
BEP
MLM
MLM
Q4 25
$18.7B
Q3 25
$18.7B
Q2 25
$98.6B
$18.1B
Q1 25
$17.7B
Q4 24
$18.2B
Q3 24
$16.5B
Q2 24
$73.8B
$16.3B
Q1 24
$16.2B
Debt / Equity
BEP
BEP
MLM
MLM
Q4 25
0.53×
Q3 25
0.57×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.57×
Q3 24
0.44×
Q2 24
0.49×
Q1 24
0.49×

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
MLM
MLM
Operating Cash FlowLast quarter
$379.0M
$629.0M
Free Cash FlowOCF − Capex
$424.0M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
18.0%
Cash ConversionOCF / Net Profit
3.79×
2.25×
TTM Free Cash FlowTrailing 4 quarters
$978.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
MLM
MLM
Q4 25
$629.0M
Q3 25
$551.0M
Q2 25
$379.0M
$387.0M
Q1 25
$218.0M
Q4 24
$686.0M
Q3 24
$600.0M
Q2 24
$231.0M
$1.0M
Q1 24
$172.0M
Free Cash Flow
BEP
BEP
MLM
MLM
Q4 25
$424.0M
Q3 25
$361.0M
Q2 25
$208.0M
Q1 25
$-15.0M
Q4 24
$453.0M
Q3 24
$317.0M
Q2 24
$-138.0M
Q1 24
$-28.0M
FCF Margin
BEP
BEP
MLM
MLM
Q4 25
37.2%
Q3 25
19.6%
Q2 25
11.5%
Q1 25
-1.1%
Q4 24
27.8%
Q3 24
16.8%
Q2 24
-7.8%
Q1 24
-2.2%
Capex Intensity
BEP
BEP
MLM
MLM
Q4 25
18.0%
Q3 25
10.3%
Q2 25
9.9%
Q1 25
17.2%
Q4 24
14.3%
Q3 24
15.0%
Q2 24
7.9%
Q1 24
16.0%
Cash Conversion
BEP
BEP
MLM
MLM
Q4 25
2.25×
Q3 25
1.33×
Q2 25
3.79×
1.18×
Q1 25
1.88×
Q4 24
2.34×
Q3 24
1.65×
Q2 24
0.00×
Q1 24
0.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

MLM
MLM

Building Materials Business East Group$774.0M68%
Building Materials Business West Group$233.0M20%
Services$88.0M8%
Other$45.0M4%

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