vs
Side-by-side financial comparison of Brookfield Renewable Corp (BEPC) and Garmin (GRMN). Click either name above to swap in a different company.
Garmin is the larger business by last-quarter revenue ($1.8B vs $952.0M, roughly 1.8× Brookfield Renewable Corp). Garmin runs the higher net margin — 23.1% vs -152.0%, a 175.1% gap on every dollar of revenue. On growth, Garmin posted the faster year-over-year revenue change (14.0% 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.
Garmin Ltd. is an American multinational technology company based in Olathe, Kansas. The company designs, develops, manufactures, markets, and distributes GPS-enabled products and other navigation, communication, sensor-based, and information products to the automotive, aviation, marine, outdoors, and sport markets.
BEPC vs GRMN — Head-to-Head
Income Statement — Q2 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $952.0M | $1.8B |
| Net Profit | $-1.4B | $405.1M |
| Gross Margin | — | 59.4% |
| Operating Margin | — | 24.6% |
| Net Margin | -152.0% | 23.1% |
| Revenue YoY | -3.7% | 14.0% |
| Net Profit YoY | -326.8% | 21.7% |
| EPS (diluted) | — | $2.09 |
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 | — | $1.8B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $952.0M | $1.8B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $989.0M | $1.5B |
| Q1 26 | — | $405.1M | ||
| Q4 25 | — | $528.7M | ||
| Q3 25 | — | $401.6M | ||
| Q2 25 | $-1.4B | $400.8M | ||
| Q1 25 | — | $332.8M | ||
| Q4 24 | — | $435.7M | ||
| Q3 24 | — | $399.1M | ||
| Q2 24 | $-339.0M | $300.6M |
| Q1 26 | — | 59.4% | ||
| Q4 25 | — | 59.2% | ||
| Q3 25 | — | 59.1% | ||
| Q2 25 | — | 58.8% | ||
| Q1 25 | — | 57.6% | ||
| Q4 24 | — | 59.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 57.3% |
| Q1 26 | — | 24.6% | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 26.0% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 28.3% | ||
| Q3 24 | — | 27.6% | ||
| Q2 24 | — | 22.7% |
| Q1 26 | — | 23.1% | ||
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | -152.0% | 22.1% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | -34.3% | 20.0% |
| Q1 26 | — | $2.09 | ||
| Q4 25 | — | $2.72 | ||
| Q3 25 | — | $2.08 | ||
| Q2 25 | — | $2.07 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $2.24 | ||
| Q3 24 | — | $2.07 | ||
| Q2 24 | — | $1.56 |
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 | $2.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $10.8B | — |
| Total Assets | $46.0B | $11.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $556.0M | $2.1B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $614.0M | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | $10.8B | $8.1B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.5B | ||
| Q2 24 | $14.8B | $7.0B |
| Q1 26 | — | $11.0B | ||
| Q4 25 | — | $11.0B | ||
| Q3 25 | — | $10.5B | ||
| Q2 25 | $46.0B | $10.3B | ||
| Q1 25 | — | $9.8B | ||
| Q4 24 | — | $9.6B | ||
| Q3 24 | — | $9.3B | ||
| Q2 24 | $42.6B | $8.9B |
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 | $536.0M |
| Free Cash FlowOCF − Capex | — | $469.4M |
| FCF MarginFCF / Revenue | — | 26.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $536.0M | ||
| Q4 25 | — | $553.8M | ||
| Q3 25 | — | $485.6M | ||
| Q2 25 | $139.0M | $173.2M | ||
| Q1 25 | — | $420.8M | ||
| Q4 24 | — | $483.9M | ||
| Q3 24 | — | $258.0M | ||
| Q2 24 | $140.0M | $255.3M |
| Q1 26 | — | $469.4M | ||
| Q4 25 | — | $429.6M | ||
| Q3 25 | — | $425.1M | ||
| Q2 25 | — | $127.5M | ||
| Q1 25 | — | $380.7M | ||
| Q4 24 | — | $399.2M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $218.2M |
| Q1 26 | — | 26.8% | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 24.0% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.85× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
