vs

Side-by-side financial comparison of Brookfield Renewable Corp (BEPC) and ESAB Corp (ESAB). Click either name above to swap in a different company.

Brookfield Renewable Corp is the larger business by last-quarter revenue ($952.0M vs $727.8M, roughly 1.3× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs -152.0%, a 159.5% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% 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.

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

BEPC vs ESAB — Head-to-Head

Bigger by revenue
BEPC
BEPC
1.3× larger
BEPC
$952.0M
$727.8M
ESAB
Growing faster (revenue YoY)
ESAB
ESAB
+12.3% gap
ESAB
8.5%
-3.7%
BEPC
Higher net margin
ESAB
ESAB
159.5% more per $
ESAB
7.5%
-152.0%
BEPC

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
BEPC
BEPC
ESAB
ESAB
Revenue
$952.0M
$727.8M
Net Profit
$-1.4B
$54.8M
Gross Margin
37.0%
Operating Margin
14.6%
Net Margin
-152.0%
7.5%
Revenue YoY
-3.7%
8.5%
Net Profit YoY
-326.8%
2.1%
EPS (diluted)
$0.90

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
BEPC
BEPC
ESAB
ESAB
Q4 25
$727.8M
Q3 25
$715.6M
Q2 25
$952.0M
$678.1M
Q4 24
$670.8M
Q3 24
$673.3M
Q2 24
$989.0M
$707.1M
Q1 24
$689.7M
Q4 23
$689.3M
Net Profit
BEPC
BEPC
ESAB
ESAB
Q4 25
$54.8M
Q3 25
$66.9M
Q2 25
$-1.4B
$67.4M
Q4 24
$53.7M
Q3 24
$68.2M
Q2 24
$-339.0M
$82.9M
Q1 24
$60.0M
Q4 23
$50.2M
Gross Margin
BEPC
BEPC
ESAB
ESAB
Q4 25
37.0%
Q3 25
37.2%
Q2 25
37.6%
Q4 24
38.5%
Q3 24
37.7%
Q2 24
38.2%
Q1 24
37.0%
Q4 23
37.0%
Operating Margin
BEPC
BEPC
ESAB
ESAB
Q4 25
14.6%
Q3 25
15.2%
Q2 25
16.2%
Q4 24
16.6%
Q3 24
15.7%
Q2 24
16.9%
Q1 24
16.0%
Q4 23
15.0%
Net Margin
BEPC
BEPC
ESAB
ESAB
Q4 25
7.5%
Q3 25
9.3%
Q2 25
-152.0%
9.9%
Q4 24
8.0%
Q3 24
10.1%
Q2 24
-34.3%
11.7%
Q1 24
8.7%
Q4 23
7.3%
EPS (diluted)
BEPC
BEPC
ESAB
ESAB
Q4 25
$0.90
Q3 25
$1.09
Q2 25
$1.10
Q4 24
$0.87
Q3 24
$1.11
Q2 24
$1.35
Q1 24
$0.98
Q4 23
$0.83

Balance Sheet & Financial Strength

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

Metric
BEPC
BEPC
ESAB
ESAB
Cash + ST InvestmentsLiquidity on hand
$556.0M
$218.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$10.8B
$2.1B
Total Assets
$46.0B
$4.9B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEPC
BEPC
ESAB
ESAB
Q4 25
$218.2M
Q3 25
$258.2M
Q2 25
$556.0M
$291.3M
Q4 24
$249.4M
Q3 24
$253.7M
Q2 24
$614.0M
$228.5M
Q1 24
$76.5M
Q4 23
$102.0M
Total Debt
BEPC
BEPC
ESAB
ESAB
Q4 25
$1.3B
Q3 25
$1.1B
Q2 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$992.8M
Q4 23
$1.0B
Stockholders' Equity
BEPC
BEPC
ESAB
ESAB
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$10.8B
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$14.8B
$1.7B
Q1 24
$1.6B
Q4 23
$1.6B
Total Assets
BEPC
BEPC
ESAB
ESAB
Q4 25
$4.9B
Q3 25
$4.4B
Q2 25
$46.0B
$4.2B
Q4 24
$4.0B
Q3 24
$4.1B
Q2 24
$42.6B
$4.0B
Q1 24
$3.8B
Q4 23
$3.8B
Debt / Equity
BEPC
BEPC
ESAB
ESAB
Q4 25
0.63×
Q3 25
0.51×
Q2 25
0.55×
Q4 24
0.60×
Q3 24
0.59×
Q2 24
0.63×
Q1 24
0.61×
Q4 23
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BEPC
BEPC
ESAB
ESAB
Operating Cash FlowLast quarter
$139.0M
$81.5M
Free Cash FlowOCF − Capex
$70.3M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$238.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEPC
BEPC
ESAB
ESAB
Q4 25
$81.5M
Q3 25
$46.6M
Q2 25
$139.0M
$35.4M
Q4 24
$126.9M
Q3 24
$101.0M
Q2 24
$140.0M
$83.0M
Q1 24
$44.5M
Q4 23
$122.4M
Free Cash Flow
BEPC
BEPC
ESAB
ESAB
Q4 25
$70.3M
Q3 25
$37.4M
Q2 25
$28.1M
Q4 24
$102.2M
Q3 24
$90.4M
Q2 24
$74.0M
Q1 24
$37.1M
Q4 23
$103.1M
FCF Margin
BEPC
BEPC
ESAB
ESAB
Q4 25
9.7%
Q3 25
5.2%
Q2 25
4.1%
Q4 24
15.2%
Q3 24
13.4%
Q2 24
10.5%
Q1 24
5.4%
Q4 23
15.0%
Capex Intensity
BEPC
BEPC
ESAB
ESAB
Q4 25
1.5%
Q3 25
1.3%
Q2 25
1.1%
Q4 24
3.7%
Q3 24
1.6%
Q2 24
1.3%
Q1 24
1.1%
Q4 23
2.8%
Cash Conversion
BEPC
BEPC
ESAB
ESAB
Q4 25
1.49×
Q3 25
0.70×
Q2 25
0.53×
Q4 24
2.36×
Q3 24
1.48×
Q2 24
1.00×
Q1 24
0.74×
Q4 23
2.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEPC
BEPC

Segment breakdown not available.

ESAB
ESAB

Consumable Products$477.9M66%
Equipment Products$249.9M34%

Related Comparisons