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

XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.7B, roughly 1.2× Brookfield Renewable Partners L.P.). Brookfield Renewable Partners L.P. runs the higher net margin — 5.9% vs 2.9%, a 3.0% gap on every dollar of revenue. On growth, Brookfield Renewable Partners L.P. posted the faster year-over-year revenue change (14.2% vs 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.

XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.

BEP vs XPO — Head-to-Head

Bigger by revenue
XPO
XPO
1.2× larger
XPO
$2.0B
$1.7B
BEP
Growing faster (revenue YoY)
BEP
BEP
+9.5% gap
BEP
14.2%
4.7%
XPO
Higher net margin
BEP
BEP
3.0% more per $
BEP
5.9%
2.9%
XPO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BEP
BEP
XPO
XPO
Revenue
$1.7B
$2.0B
Net Profit
$100.0M
$59.0M
Gross Margin
Operating Margin
7.1%
Net Margin
5.9%
2.9%
Revenue YoY
14.2%
4.7%
Net Profit YoY
213.6%
-21.3%
EPS (diluted)
$-0.22
$0.49

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
XPO
XPO
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$1.7B
$2.1B
Q1 25
$2.0B
Q4 24
$1.9B
Q3 24
$2.1B
Q2 24
$1.5B
$2.1B
Q1 24
$2.0B
Net Profit
BEP
BEP
XPO
XPO
Q4 25
$59.0M
Q3 25
$82.0M
Q2 25
$100.0M
$106.0M
Q1 25
$69.0M
Q4 24
$75.0M
Q3 24
$95.0M
Q2 24
$-88.0M
$150.0M
Q1 24
$67.0M
Operating Margin
BEP
BEP
XPO
XPO
Q4 25
7.1%
Q3 25
7.8%
Q2 25
9.5%
Q1 25
7.7%
Q4 24
7.8%
Q3 24
8.6%
Q2 24
9.5%
Q1 24
6.8%
Net Margin
BEP
BEP
XPO
XPO
Q4 25
2.9%
Q3 25
3.9%
Q2 25
5.9%
5.1%
Q1 25
3.5%
Q4 24
3.9%
Q3 24
4.6%
Q2 24
-5.9%
7.2%
Q1 24
3.3%
EPS (diluted)
BEP
BEP
XPO
XPO
Q4 25
$0.49
Q3 25
$0.68
Q2 25
$-0.22
$0.89
Q1 25
$0.58
Q4 24
$0.63
Q3 24
$0.79
Q2 24
$-0.28
$1.25
Q1 24
$0.56

Balance Sheet & Financial Strength

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

Metric
BEP
BEP
XPO
XPO
Cash + ST InvestmentsLiquidity on hand
$1.9B
$310.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$33.3B
$1.9B
Total Assets
$98.6B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEP
BEP
XPO
XPO
Q4 25
$310.0M
Q3 25
$335.0M
Q2 25
$1.9B
$225.0M
Q1 25
$212.0M
Q4 24
$246.0M
Q3 24
$378.0M
Q2 24
$1.2B
$250.0M
Q1 24
$229.0M
Stockholders' Equity
BEP
BEP
XPO
XPO
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$33.3B
$1.8B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$28.0B
$1.5B
Q1 24
$1.3B
Total Assets
BEP
BEP
XPO
XPO
Q4 25
$8.2B
Q3 25
$8.2B
Q2 25
$98.6B
$8.1B
Q1 25
$7.9B
Q4 24
$7.7B
Q3 24
$7.9B
Q2 24
$73.8B
$7.7B
Q1 24
$7.6B

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
XPO
XPO
Operating Cash FlowLast quarter
$379.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
3.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEP
BEP
XPO
XPO
Q4 25
Q3 25
$371.0M
Q2 25
$379.0M
$247.0M
Q1 25
$142.0M
Q4 24
$189.0M
Q3 24
$264.0M
Q2 24
$231.0M
$210.0M
Q1 24
$145.0M
Free Cash Flow
BEP
BEP
XPO
XPO
Q4 25
Q3 25
$215.0M
Q2 25
$51.0M
Q1 25
$-57.0M
Q4 24
$23.0M
Q3 24
$137.0M
Q2 24
$20.0M
Q1 24
$-161.0M
FCF Margin
BEP
BEP
XPO
XPO
Q4 25
Q3 25
10.2%
Q2 25
2.5%
Q1 25
-2.9%
Q4 24
1.2%
Q3 24
6.7%
Q2 24
1.0%
Q1 24
-8.0%
Capex Intensity
BEP
BEP
XPO
XPO
Q4 25
5.3%
Q3 25
7.4%
Q2 25
9.4%
Q1 25
10.2%
Q4 24
8.6%
Q3 24
6.2%
Q2 24
9.1%
Q1 24
15.2%
Cash Conversion
BEP
BEP
XPO
XPO
Q4 25
Q3 25
4.52×
Q2 25
3.79×
2.33×
Q1 25
2.06×
Q4 24
2.52×
Q3 24
2.78×
Q2 24
1.40×
Q1 24
2.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEP
BEP

Segment breakdown not available.

XPO
XPO

North American LTL$1.2B58%
European Transportation$844.0M42%

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