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Side-by-side financial comparison of Brookfield Renewable Partners L.P. (BEP) and Vulcan Materials Company (VMC). Click either name above to swap in a different company.

Vulcan Materials Company is the larger business by last-quarter revenue ($1.9B vs $1.7B, roughly 1.1× Brookfield Renewable Partners L.P.). Vulcan Materials Company runs the higher net margin — 13.2% vs 5.9%, a 7.3% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs -74.2%).

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.

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands.

BEP vs VMC — Head-to-Head

Bigger by revenue
VMC
VMC
1.1× larger
VMC
$1.9B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+88.4% gap
BEP
14.2%
-74.2%
VMC
Higher net margin
VMC
VMC
7.3% more per $
VMC
13.2%
5.9%
BEP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BEP
BEP
VMC
VMC
Revenue
$1.7B
$1.9B
Net Profit
$100.0M
$252.0M
Gross Margin
25.5%
Operating Margin
19.8%
Net Margin
5.9%
13.2%
Revenue YoY
14.2%
-74.2%
Net Profit YoY
213.6%
-72.4%
EPS (diluted)
$-0.22
$1.70

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
VMC
VMC
Q1 26
$1.9B
Q4 25
$1.9B
Q3 25
$2.3B
Q2 25
$1.7B
$2.1B
Q1 25
$1.6B
Q4 24
$1.9B
Q3 24
$2.0B
Q2 24
$1.5B
$2.0B
Net Profit
BEP
BEP
VMC
VMC
Q1 26
$252.0M
Q4 25
$252.0M
Q3 25
$374.9M
Q2 25
$100.0M
$320.9M
Q1 25
$128.9M
Q4 24
$293.6M
Q3 24
$207.6M
Q2 24
$-88.0M
$308.0M
Gross Margin
BEP
BEP
VMC
VMC
Q1 26
25.5%
Q4 25
25.5%
Q3 25
30.4%
Q2 25
29.7%
Q1 25
22.3%
Q4 24
29.0%
Q3 24
28.2%
Q2 24
29.4%
Operating Margin
BEP
BEP
VMC
VMC
Q1 26
19.8%
Q4 25
19.8%
Q3 25
23.7%
Q2 25
22.4%
Q1 25
13.9%
Q4 24
21.6%
Q3 24
16.8%
Q2 24
22.5%
Net Margin
BEP
BEP
VMC
VMC
Q1 26
13.2%
Q4 25
13.2%
Q3 25
16.4%
Q2 25
5.9%
15.3%
Q1 25
7.9%
Q4 24
15.8%
Q3 24
10.4%
Q2 24
-5.9%
15.3%
EPS (diluted)
BEP
BEP
VMC
VMC
Q1 26
$1.70
Q4 25
$1.90
Q3 25
$2.82
Q2 25
$-0.22
$2.42
Q1 25
$0.97
Q4 24
$2.21
Q3 24
$1.56
Q2 24
$-0.28
$2.31

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
VMC
VMC
Cash + ST InvestmentsLiquidity on hand
$1.9B
$183.3M
Total DebtLower is stronger
$4.4B
Stockholders' EquityBook value
$33.3B
$8.5B
Total Assets
$98.6B
$16.7B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
VMC
VMC
Q1 26
$183.3M
Q4 25
$183.3M
Q3 25
$191.3M
Q2 25
$1.9B
$347.4M
Q1 25
$181.3M
Q4 24
$559.7M
Q3 24
$433.2M
Q2 24
$1.2B
$111.0M
Total Debt
BEP
BEP
VMC
VMC
Q1 26
$4.4B
Q4 25
$4.4B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.9B
Q4 24
$5.3B
Q3 24
$3.3B
Q2 24
$3.3B
Stockholders' Equity
BEP
BEP
VMC
VMC
Q1 26
$8.5B
Q4 25
$8.5B
Q3 25
$8.7B
Q2 25
$33.3B
$8.4B
Q1 25
$8.1B
Q4 24
$8.1B
Q3 24
$7.9B
Q2 24
$28.0B
$7.7B
Total Assets
BEP
BEP
VMC
VMC
Q1 26
$16.7B
Q4 25
$16.7B
Q3 25
$17.0B
Q2 25
$98.6B
$17.0B
Q1 25
$16.7B
Q4 24
$17.1B
Q3 24
$14.4B
Q2 24
$73.8B
$14.2B
Debt / Equity
BEP
BEP
VMC
VMC
Q1 26
0.51×
Q4 25
0.51×
Q3 25
0.50×
Q2 25
0.52×
Q1 25
0.60×
Q4 24
0.65×
Q3 24
0.42×
Q2 24
0.43×

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
VMC
VMC
Operating Cash FlowLast quarter
$379.0M
$1.8B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.79×
7.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
VMC
VMC
Q1 26
$1.8B
Q4 25
$543.0M
Q3 25
$676.8M
Q2 25
$379.0M
$341.7M
Q1 25
$251.5M
Q4 24
$440.1M
Q3 24
$595.0M
Q2 24
$231.0M
$201.1M
Free Cash Flow
BEP
BEP
VMC
VMC
Q1 26
Q4 25
$358.2M
Q3 25
$454.8M
Q2 25
$238.8M
Q1 25
$83.5M
Q4 24
$277.6M
Q3 24
$498.2M
Q2 24
$9.7M
FCF Margin
BEP
BEP
VMC
VMC
Q1 26
Q4 25
18.7%
Q3 25
19.8%
Q2 25
11.4%
Q1 25
5.1%
Q4 24
15.0%
Q3 24
24.9%
Q2 24
0.5%
Capex Intensity
BEP
BEP
VMC
VMC
Q1 26
Q4 25
9.7%
Q3 25
9.7%
Q2 25
4.9%
Q1 25
10.3%
Q4 24
8.8%
Q3 24
4.8%
Q2 24
9.5%
Cash Conversion
BEP
BEP
VMC
VMC
Q1 26
7.19×
Q4 25
2.15×
Q3 25
1.81×
Q2 25
3.79×
1.06×
Q1 25
1.95×
Q4 24
1.50×
Q3 24
2.87×
Q2 24
0.65×

Financial Flow Comparison

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

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