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Side-by-side financial comparison of Brookfield Renewable Corp (BEPC) and Calumet, Inc. (CLMT). Click either name above to swap in a different company.
Calumet, Inc. is the larger business by last-quarter revenue ($1.0B vs $952.0M, roughly 1.1× Brookfield Renewable Corp). Calumet, Inc. runs the higher net margin — -3.6% vs -152.0%, a 148.4% gap on every dollar of revenue.
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.
Calumet, Inc. is a U.S.-headquartered specialty products firm that manufactures and distributes high-value hydrocarbon and specialty chemical products. Its offerings include specialty oils, lubricants, waxes, and renewable fuel solutions, serving industrial, consumer, and transportation segments across North America.
BEPC vs CLMT — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $952.0M | $1.0B |
| Net Profit | $-1.4B | $-37.3M |
| Gross Margin | — | -0.3% |
| Operating Margin | — | -6.2% |
| Net Margin | -152.0% | -3.6% |
| Revenue YoY | -3.7% | — |
| Net Profit YoY | -326.8% | — |
| EPS (diluted) | — | $-0.43 |
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.
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $952.0M | $1.0B | ||
| Q1 25 | — | $993.9M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $989.0M | $1.1B | ||
| Q2 23 | $901.0M | — | ||
| Q2 22 | $997.0M | — |
| Q4 25 | — | $-37.3M | ||
| Q3 25 | — | $313.4M | ||
| Q2 25 | $-1.4B | $-147.9M | ||
| Q1 25 | — | $-162.0M | ||
| Q3 24 | — | $-100.6M | ||
| Q2 24 | $-339.0M | $-39.1M | ||
| Q2 23 | $360.0M | — | ||
| Q2 22 | $1.1B | — |
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | -4.2% | ||
| Q1 25 | — | -8.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 5.6% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | -6.2% | ||
| Q3 25 | — | 30.0% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -4.9% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | — | 0.5% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | -3.6% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | -152.0% | -14.4% | ||
| Q1 25 | — | -16.3% | ||
| Q3 24 | — | -9.1% | ||
| Q2 24 | -34.3% | -3.4% | ||
| Q2 23 | 40.0% | — | ||
| Q2 22 | 114.0% | — |
| Q4 25 | — | $-0.43 | ||
| Q3 25 | — | $3.61 | ||
| Q2 25 | — | $-1.70 | ||
| Q1 25 | — | $-1.87 | ||
| Q3 24 | — | $-1.18 | ||
| Q2 24 | — | $-0.48 | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | $125.1M |
| Total DebtLower is stronger | — | $2.1B |
| Stockholders' EquityBook value | $10.8B | $-732.7M |
| Total Assets | $46.0B | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $125.1M | ||
| Q3 25 | — | $94.6M | ||
| Q2 25 | $556.0M | $110.6M | ||
| Q1 25 | — | $123.4M | ||
| Q3 24 | — | $34.6M | ||
| Q2 24 | $614.0M | $7.0M | ||
| Q2 23 | $595.0M | — | ||
| Q2 22 | $790.0M | — |
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.3B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | $-732.7M | ||
| Q3 25 | — | $-695.3M | ||
| Q2 25 | $10.8B | $-1.0B | ||
| Q1 25 | — | $-862.3M | ||
| Q3 24 | — | $-672.2M | ||
| Q2 24 | $14.8B | $-566.4M | ||
| Q2 23 | $16.5B | — | ||
| Q2 22 | $13.8B | — |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | $46.0B | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | $42.6B | $100 | ||
| Q2 23 | $44.2B | — | ||
| Q2 22 | $41.8B | — |
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 | $116.5M |
| Free Cash FlowOCF − Capex | — | $103.8M |
| FCF MarginFCF / Revenue | — | 10.0% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $116.5M | ||
| Q3 25 | — | $23.5M | ||
| Q2 25 | $139.0M | $-1.8M | ||
| Q1 25 | — | $-29.3M | ||
| Q3 24 | — | $-15.5M | ||
| Q2 24 | $140.0M | — | ||
| Q2 23 | $253.0M | — | ||
| Q2 22 | $323.0M | — |
| Q4 25 | — | $103.8M | ||
| Q3 25 | — | $15.1M | ||
| Q2 25 | — | $-15.4M | ||
| Q1 25 | — | $-46.9M | ||
| Q3 24 | — | $-32.2M | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | — | -4.7% | ||
| Q3 24 | — | -2.9% | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.8% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.2% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | 0.70× | — | ||
| Q2 22 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEPC
Segment breakdown not available.
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
