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Side-by-side financial comparison of Brookfield Renewable Corp (BEPC) and Cboe Global Markets (CBOE). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $952.0M, roughly 1.3× Brookfield Renewable Corp). Cboe Global Markets runs the higher net margin — 30.3% vs -152.0%, a 182.3% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs -3.7%).
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.
Cboe Global Markets, Inc. is an American financial exchange operator headquartered in Chicago. It owns and operates a portfolio of exchanges and trading venues across equities, options, futures, and digital assets.
BEPC vs CBOE — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $952.0M | $1.3B |
| Net Profit | $-1.4B | $385.7M |
| Gross Margin | — | 57.3% |
| Operating Margin | — | 39.7% |
| Net Margin | -152.0% | 30.3% |
| Revenue YoY | -3.7% | 6.5% |
| Net Profit YoY | -326.8% | 53.9% |
| EPS (diluted) | — | $3.66 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $952.0M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $989.0M | $974.0M |
| Q1 26 | — | $385.7M | ||
| Q4 25 | — | $313.5M | ||
| Q3 25 | — | $300.8M | ||
| Q2 25 | $-1.4B | $235.1M | ||
| Q1 25 | — | $250.6M | ||
| Q4 24 | — | $196.5M | ||
| Q3 24 | — | $218.5M | ||
| Q2 24 | $-339.0M | $140.4M |
| Q1 26 | — | 57.3% | ||
| Q4 25 | — | 55.7% | ||
| Q3 25 | — | 53.0% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 50.4% | ||
| Q2 24 | — | 52.8% |
| Q1 26 | — | 39.7% | ||
| Q4 25 | — | 33.5% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 28.9% | ||
| Q1 25 | — | 29.6% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | 21.6% |
| Q1 26 | — | 30.3% | ||
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | -152.0% | 20.0% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | -34.3% | 14.4% |
| Q1 26 | — | $3.66 | ||
| Q4 25 | — | $2.97 | ||
| Q3 25 | — | $2.85 | ||
| Q2 25 | — | $2.23 | ||
| Q1 25 | — | $2.37 | ||
| Q4 24 | — | $1.85 | ||
| Q3 24 | — | $2.07 | ||
| Q2 24 | — | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $556.0M | $2.1B |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $10.8B | $5.4B |
| Total Assets | $46.0B | $11.1B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $556.0M | $1.5B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $763.2M | ||
| Q2 24 | $614.0M | $698.3M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | $10.8B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $14.8B | $4.0B |
| Q1 26 | — | $11.1B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | $46.0B | $9.0B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $8.7B | ||
| Q2 24 | $42.6B | $9.3B |
| Q1 26 | — | 0.27× | ||
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.36× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $139.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $352.1M | ||
| Q3 25 | — | $153.9M | ||
| Q2 25 | $139.0M | $333.7M | ||
| Q1 25 | — | $912.9M | ||
| Q4 24 | — | $-710.4M | ||
| Q3 24 | — | $-578.5M | ||
| Q2 24 | $140.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $332.1M | ||
| Q3 25 | — | $137.9M | ||
| Q2 25 | — | $313.4M | ||
| Q1 25 | — | $898.2M | ||
| Q4 24 | — | $-734.2M | ||
| Q3 24 | — | $-590.5M | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 75.2% | ||
| Q4 24 | — | -66.3% | ||
| Q3 24 | — | -55.9% | ||
| Q2 24 | — | 151.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.12× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 3.64× | ||
| Q4 24 | — | -3.62× | ||
| Q3 24 | — | -2.65× | ||
| Q2 24 | — | 10.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEPC
Segment breakdown not available.
CBOE
| Derivatives markets | $609.3M | 48% |
| Cash and spot markets | $482.2M | 38% |
| Data Vantage | $181.3M | 14% |
