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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and Veralto (VLTO). 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 $1.4B, roughly 1.2× Veralto). Veralto runs the higher net margin — 17.9% vs 5.9%, a 12.0% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 6.8%).

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.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

BEP vs VLTO — Head-to-Head

Bigger by revenue
BEP
BEP
1.2× larger
BEP
$1.7B
$1.4B
VLTO
Growing faster (revenue YoY)
BEP
BEP
+7.4% gap
BEP
14.2%
6.8%
VLTO
Higher net margin
VLTO
VLTO
12.0% more per $
VLTO
17.9%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BEP
BEP
VLTO
VLTO
Revenue
$1.7B
$1.4B
Net Profit
$100.0M
$254.0M
Gross Margin
60.1%
Operating Margin
23.8%
Net Margin
5.9%
17.9%
Revenue YoY
14.2%
6.8%
Net Profit YoY
213.6%
12.9%
EPS (diluted)
$-0.22
$1.02

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
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.7B
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.5B
$1.3B
Q1 24
$1.2B
Net Profit
BEP
BEP
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$239.0M
Q3 25
$222.0M
Q2 25
$100.0M
$225.0M
Q4 24
$227.0M
Q3 24
$219.0M
Q2 24
$-88.0M
$203.0M
Q1 24
$184.0M
Gross Margin
BEP
BEP
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Q1 24
60.0%
Operating Margin
BEP
BEP
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
22.8%
Q2 25
24.2%
Q4 24
22.9%
Q3 24
23.4%
Q2 24
23.2%
Q1 24
23.5%
Net Margin
BEP
BEP
VLTO
VLTO
Q1 26
17.9%
Q4 25
17.0%
Q3 25
16.2%
Q2 25
5.9%
16.9%
Q4 24
16.9%
Q3 24
16.7%
Q2 24
-5.9%
15.8%
Q1 24
14.8%
EPS (diluted)
BEP
BEP
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.89
Q2 25
$-0.22
$0.90
Q4 24
$0.91
Q3 24
$0.88
Q2 24
$-0.28
$0.81
Q1 24
$0.74

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
VLTO
VLTO
Q1 26
Q4 25
$1.8B
Q3 25
$1.6B
Q2 25
$1.9B
$1.2B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.2B
$1.0B
Q1 24
$827.0M
Total Debt
BEP
BEP
VLTO
VLTO
Q1 26
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
BEP
BEP
VLTO
VLTO
Q1 26
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$33.3B
$2.3B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$28.0B
$1.7B
Q1 24
$1.5B
Total Assets
BEP
BEP
VLTO
VLTO
Q1 26
Q4 25
$7.4B
Q3 25
$7.2B
Q2 25
$98.6B
$6.6B
Q4 24
$6.4B
Q3 24
$6.3B
Q2 24
$73.8B
$5.9B
Q1 24
$5.7B
Debt / Equity
BEP
BEP
VLTO
VLTO
Q1 26
Q4 25
0.94×
Q3 25
1.01×
Q2 25
1.14×
Q4 24
1.28×
Q3 24
1.35×
Q2 24
1.57×
Q1 24
1.77×

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
VLTO
VLTO
Operating Cash FlowLast quarter
$379.0M
$182.0M
Free Cash FlowOCF − Capex
$170.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.79×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$339.0M
Q2 25
$379.0M
$157.0M
Q4 24
$285.0M
Q3 24
$224.0M
Q2 24
$231.0M
$251.0M
Q1 24
$115.0M
Free Cash Flow
BEP
BEP
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
Q1 24
$102.0M
FCF Margin
BEP
BEP
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Q1 24
8.2%
Capex Intensity
BEP
BEP
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Q1 24
1.0%
Cash Conversion
BEP
BEP
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
1.53×
Q2 25
3.79×
0.70×
Q4 24
1.26×
Q3 24
1.02×
Q2 24
1.24×
Q1 24
0.63×

Financial Flow Comparison

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

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