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Side-by-side financial comparison of BROOKFIELD Corp (BN) and HSBC HOLDINGS PLC (HSBC). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $18.1B, roughly 1.6× BROOKFIELD Corp). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs 5.8%, a 19.8% gap on every dollar of revenue. HSBC HOLDINGS PLC produced more free cash flow last quarter ($64.0B vs $-745.0M).
Brookfield Properties is a North American subsidiary of commercial real estate firm Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Corporation. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
BN vs HSBC — Head-to-Head
Income Statement — Q2 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $18.1B | $28.6B |
| Net Profit | $1.1B | $7.3B |
| Gross Margin | — | — |
| Operating Margin | — | 33.1% |
| Net Margin | 5.8% | 25.7% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.15 | $0.36 |
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.
| Q2 25 | $18.1B | — | ||
| Q1 25 | — | $28.6B | ||
| Q2 23 | $23.7B | — | ||
| Q2 22 | $23.3B | — |
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | $7.3B | ||
| Q2 23 | $1.5B | — | ||
| Q2 22 | $1.5B | — |
| Q2 25 | — | — | ||
| Q1 25 | — | 33.1% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | 25.7% | ||
| Q2 23 | 6.4% | — | ||
| Q2 22 | 6.3% | — |
| Q2 25 | $0.15 | — | ||
| Q1 25 | — | $0.36 | ||
| Q2 23 | $0.03 | — | ||
| Q2 22 | $0.34 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7B | $434.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $161.6B | $192.3B |
| Total Assets | $506.1B | $3017.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $13.7B | — | ||
| Q1 25 | — | $434.9B | ||
| Q2 23 | $12.4B | — | ||
| Q2 22 | $12.2B | — |
| Q2 25 | $161.6B | — | ||
| Q1 25 | — | $192.3B | ||
| Q2 23 | $155.6B | — | ||
| Q2 22 | $134.0B | — |
| Q2 25 | $506.1B | — | ||
| Q1 25 | — | $3017.0B | ||
| Q2 23 | $463.1B | — | ||
| Q2 22 | $411.9B | — |
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 | $2.0B | $65.3B |
| Free Cash FlowOCF − Capex | $-745.0M | $64.0B |
| FCF MarginFCF / Revenue | -4.1% | 223.9% |
| Capex IntensityCapex / Revenue | 15.2% | 4.7% |
| Cash ConversionOCF / Net Profit | 1.91× | 8.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $2.0B | — | ||
| Q1 25 | — | $65.3B | ||
| Q2 23 | $406.0M | — | ||
| Q2 22 | $3.1B | — |
| Q2 25 | $-745.0M | — | ||
| Q1 25 | — | $64.0B | ||
| Q2 23 | $-1.2B | — | ||
| Q2 22 | $1.5B | — |
| Q2 25 | -4.1% | — | ||
| Q1 25 | — | 223.9% | ||
| Q2 23 | -5.3% | — | ||
| Q2 22 | 6.3% | — |
| Q2 25 | 15.2% | — | ||
| Q1 25 | — | 4.7% | ||
| Q2 23 | 7.0% | — | ||
| Q2 22 | 7.1% | — |
| Q2 25 | 1.91× | — | ||
| Q1 25 | — | 8.90× | ||
| Q2 23 | 0.27× | — | ||
| Q2 22 | 2.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
