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

NVR, Inc. is the larger business by last-quarter revenue ($2.7B vs $1.7B, roughly 1.6× Brookfield Renewable Partners L.P.). NVR, Inc. runs the higher net margin — 13.4% vs 5.9%, a 7.5% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs -4.7%).

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.

NVR, Inc. is an American company engaged in home construction headquartered in Reston, Virginia. It also operates a mortgage banking and title services business. The company primarily operates on the East Coast of the United States, but its operations encompass 14 states as well as Washington, D.C. In 2021, 22% of the company's revenue was from the Washington metropolitan area.

BEP vs NVR — Head-to-Head

Bigger by revenue
NVR
NVR
1.6× larger
NVR
$2.7B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+18.8% gap
BEP
14.2%
-4.7%
NVR
Higher net margin
NVR
NVR
7.5% more per $
NVR
13.4%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
NVR
NVR
Revenue
$1.7B
$2.7B
Net Profit
$100.0M
$363.8M
Gross Margin
Operating Margin
Net Margin
5.9%
13.4%
Revenue YoY
14.2%
-4.7%
Net Profit YoY
213.6%
-20.5%
EPS (diluted)
$-0.22
$120.85

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
NVR
NVR
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$1.7B
$2.6B
Q1 25
$2.4B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$1.5B
$2.6B
Q1 24
$2.3B
Net Profit
BEP
BEP
NVR
NVR
Q4 25
$363.8M
Q3 25
$342.7M
Q2 25
$100.0M
$333.7M
Q1 25
$299.6M
Q4 24
$457.4M
Q3 24
$429.3M
Q2 24
$-88.0M
$400.9M
Q1 24
$394.3M
Net Margin
BEP
BEP
NVR
NVR
Q4 25
13.4%
Q3 25
13.1%
Q2 25
5.9%
12.8%
Q1 25
12.5%
Q4 24
16.1%
Q3 24
15.7%
Q2 24
-5.9%
15.3%
Q1 24
16.9%
EPS (diluted)
BEP
BEP
NVR
NVR
Q4 25
$120.85
Q3 25
$112.33
Q2 25
$-0.22
$108.54
Q1 25
$94.83
Q4 24
$139.09
Q3 24
$130.50
Q2 24
$-0.28
$120.69
Q1 24
$116.41

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
NVR
NVR
Cash + ST InvestmentsLiquidity on hand
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$33.3B
$3.9B
Total Assets
$98.6B
$5.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
NVR
NVR
Q4 25
Q3 25
Q2 25
$1.9B
Q1 25
Q4 24
Q3 24
Q2 24
$1.2B
Q1 24
Stockholders' Equity
BEP
BEP
NVR
NVR
Q4 25
$3.9B
Q3 25
$4.0B
Q2 25
$33.3B
$3.8B
Q1 25
$4.0B
Q4 24
$4.2B
Q3 24
$4.3B
Q2 24
$28.0B
$4.1B
Q1 24
$4.3B
Total Assets
BEP
BEP
NVR
NVR
Q4 25
$5.9B
Q3 25
$6.0B
Q2 25
$98.6B
$5.9B
Q1 25
$6.2B
Q4 24
$6.4B
Q3 24
$6.5B
Q2 24
$73.8B
$6.4B
Q1 24
$6.5B

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
NVR
NVR
Operating Cash FlowLast quarter
$379.0M
$439.7M
Free Cash FlowOCF − Capex
$436.0M
FCF MarginFCF / Revenue
16.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.79×
1.21×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
NVR
NVR
Q4 25
$439.7M
Q3 25
$438.7M
Q2 25
$379.0M
$35.1M
Q1 25
$207.8M
Q4 24
$637.0M
Q3 24
$358.3M
Q2 24
$231.0M
$232.7M
Q1 24
$146.5M
Free Cash Flow
BEP
BEP
NVR
NVR
Q4 25
$436.0M
Q3 25
$433.3M
Q2 25
$26.8M
Q1 25
$200.7M
Q4 24
$631.5M
Q3 24
$350.1M
Q2 24
$226.3M
Q1 24
$137.5M
FCF Margin
BEP
BEP
NVR
NVR
Q4 25
16.1%
Q3 25
16.6%
Q2 25
1.0%
Q1 25
8.4%
Q4 24
22.2%
Q3 24
12.8%
Q2 24
8.7%
Q1 24
5.9%
Capex Intensity
BEP
BEP
NVR
NVR
Q4 25
0.1%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.4%
Cash Conversion
BEP
BEP
NVR
NVR
Q4 25
1.21×
Q3 25
1.28×
Q2 25
3.79×
0.11×
Q1 25
0.69×
Q4 24
1.39×
Q3 24
0.83×
Q2 24
0.58×
Q1 24
0.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

NVR
NVR

Home Building Segment$2.6B97%
Mortgage Banking Segment$77.4M3%

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