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olivLaw · US equity research

Brookfield Business Corporation BBUC

Construction - Special Trade Contractors · SIC 1700 · Vertical: Construction - Special Trade Contractors (SIC 1700)

30.95USD+2.72% · 1 dayClose 04 Nov 2026

Brookfield Business Corporation is the flagship public vehicle of Brookfield for business services and industrial operations worldwide, focused on companies with strong competitive positions that provide essential products and services. After completing the arrangement in March 2026, it is listed under the symbol BBUC and controls a large portfolio in which the industrials segment is the largest revenue contributor.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Brookfield Business Corporation (BBUC) stock was 30.95 USD (+2.72% on the day), with market capitalisation 2.7 bn USD, dividend yield 0.81%, beta 1.14, 52-week range 25.07–37.64 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
2.7 bn USD
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -0.30 · TTM to 31 Dec 2025
E/P (TTM)
-0.97%
TTM to 31 Dec 2025
Dividend yield
0.81%
DPS 12m 0.25
Beta (2y)
1.14
Volatility (1y) 36%
52-week range
25.0737.64

Price history

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Technical reading

RSI (14)
78.6
overbought (≥ 70)
Bollinger (20, 2)
24.95 – 30.42
above the upper band · %B 1.10 · band width 19.7%
SMA 50 / 200
26.86 / 31.17
mixed trend
MACD (12, 26, 9)
0.92 / 0.53
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month+19.3%−1.1%+20.4 pp—
3 months+1.0%−0.5%+1.4 pp—
6 months−11.5%+4.4%−15.9 pp—
Year to date−13.7%+12.3%−26.1 pp—
1 year−12.2%+13.5%−25.8 pp−55.4%
3 years+85.4%+76.4%+9.0 pp−29.1%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−33.4%
10 Feb 2026 → 24 Sept 2026
Max drawdown (5y)
−61.5%
07 Mar 2022 → 27 Oct 2023
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue37.2 bn43.0 bn37.6 bn46.6 bn57.4 bn55.1 bn40.6 bn27.5 bn
Revenue YoY+62.9%+15.8%−12.5%+23.8%+23.2%−4.0%−26.2%−32.4%
Net income0434.0 m580.0 m2.2 bn240.0 m3.8 bn895.0 m387.0 m
Net income YoYunavailableunavailable+33.6%+271.2%−88.9%+1,473.8%−76.3%−56.8%
Diluted EPSunavailable0.62-1.133.280.486.49-0.50-0.30
Diluted EPS YoYunavailableunavailable−282.3%unavailable−85.4%+1,252.1%−107.7%unavailable
net %0.0%1.0%1.5%4.6%0.4%6.9%2.2%1.4%
Free cash flow796.0 m958.0 m2.8 bnunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
3.5 bn USD
Financial debt
41.1 bn USD
Net debt
37.5 bn USD
Equity
15.3 bn USD
Total assets
75.8 bn USD
Debt / equity
2.68x
Current ratio
1.67x
ROE
2.4%
ROA
0.5%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
55.1 bn
2024
40.6 bn
2025
27.5 bn

SEC (XBRL)· 31 Mar 2026verified

Cost of revenue
2023
—
2024
—
2025
—

SEC (XBRL)· 17 Mar 2021verified

Gross profit
2023
—
2024
—
2025
—

SEC (XBRL)· 17 Mar 2021derived

Depreciation & amortisation
2023
3.6 bn
2024
3.2 bn
2025
3.0 bn

SEC (XBRL)· 31 Mar 2026verified

Pre-tax income
2023
3.7 bn
2024
594.0 m
2025
480.0 m

SEC (XBRL)· 31 Mar 2026verified

Income tax
2023
-55.0 m
2024
-301.0 m
2025
93.0 m

SEC (XBRL)· 31 Mar 2026verified

Net income
2023
3.8 bn
2024
895.0 m
2025
387.0 m

SEC (XBRL)· 31 Mar 2026verified

Diluted EPS
2023
6.49
2024
-0.50
2025
-0.30

SEC (XBRL)· 31 Mar 2026verified

Balance sheet · USD

Cash
2023
3.3 bn
2024
3.2 bn
2025
3.5 bn

SEC (XBRL)· 31 Mar 2026verified

Receivables
2023
5.6 bn
2024
5.2 bn
2025
6.6 bn

SEC (XBRL)· 31 Mar 2026verified

Inventories
2023
3.7 bn
2024
2.4 bn
2025
2.6 bn

SEC (XBRL)· 31 Mar 2026verified

Current assets
2023
14.9 bn
2024
15.3 bn
2025
15.0 bn

SEC (XBRL)· 31 Mar 2026verified

Property, plant & equipment, net
2023
15.7 bn
2024
13.2 bn
2025
11.0 bn

SEC (XBRL)· 31 Mar 2026verified

Goodwill
2023
14.1 bn
2024
12.2 bn
2025
13.3 bn

SEC (XBRL)· 31 Mar 2026verified

Intangibles (excl. goodwill)
2023
20.8 bn
2024
18.3 bn
2025
18.5 bn

SEC (XBRL)· 31 Mar 2026verified

Total assets
2023
82.4 bn
2024
75.5 bn
2025
75.8 bn

SEC (XBRL)· 31 Mar 2026verified

Accounts payable
2023
11.6 bn
2024
10.6 bn
2025
7.6 bn

SEC (XBRL)· 31 Mar 2026verified

Short-term debt
2023
0
2024
0
2025
—

SEC (XBRL)· 10 Apr 2025verified

Long-term debt
2023
38.1 bn
2024
35.1 bn
2025
41.1 bn

SEC (XBRL)· 31 Mar 2026verified

Current liabilities
2023
14.4 bn
2024
12.2 bn
2025
9.0 bn

SEC (XBRL)· 31 Mar 2026verified

Total liabilities
2023
63.9 bn
2024
58.2 bn
2025
60.5 bn

SEC (XBRL)· 31 Mar 2026verified

Equity
2023
18.5 bn
2024
17.3 bn
2025
15.3 bn

SEC (XBRL)· 31 Mar 2026verified

Shares outstanding at year end
2023
74.3 m
2024
74.3 m
2025
87.7 m

SEC (XBRL)· 31 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
2.1 bn
2024
3.3 bn
2025
3.2 bn

SEC (XBRL)· 31 Mar 2026verified

Capex
2023
—
2024
—
2025
—

SEC (XBRL)· 17 Mar 2021verified

Free cash flow
2023
—
2024
—
2025
—

SEC (XBRL)· 17 Mar 2021derived

Investing cash flow
2023
2.5 bn
2024
-2.3 bn
2025
-3.2 bn

SEC (XBRL)· 31 Mar 2026verified

Financing cash flow
2023
-4.4 bn
2024
-505.0 m
2025
72.0 m

SEC (XBRL)· 31 Mar 2026verified

Share repurchases
2023
5.0 m
2024
0
2025
224.0 m

SEC (XBRL)· 31 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-32.4%
computed by olivLawFY 2025
Revenue CAGR 3Y
-21.8%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
-6.1%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
input data missing
Net income growth (YoY)
-56.8%
computed by olivLawFY 2025
Net income CAGR 3Y
17.3%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
-7.8%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
unavailable
input data missing
EBIT margin
unavailable
input data missing
Net margin
1.4%
computed by olivLawFY 2025
FCF margin
unavailable
input data missing

Returns

ROE
2.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
0.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
unavailable
input data missing
ROCE
unavailable
input data missing
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
37.5 bn USD
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
input data missing
Debt / equity
2.7x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.7x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
1.4x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
3.2 bn USD
computed by olivLawFY 2025
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
input data missing

Efficiency

Days sales outstanding
78 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
2.7 bn USD
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
40.2 bn USD
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
7.0x
computed by olivLawFY 2025
P/E (TTM)
unavailable
insufficient data
Earnings yield
-1.0%
computed by olivLawFY 2025
P/B
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
1.5x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
0.8%
computed by olivLawFY 2025
Shareholder yield (distributions)
8.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

Risk

Altman Z
unavailable
input data missing

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 4 of at least 6
  • score weight coverage: 25.0% of at least 60%

A scoring methodology on indicators and valuation, not investment advice.

Closing price

30.95 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 2.7 bn USD

Key indicators

Market capitalisation
2.7 bn USD
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
unavailable
insufficient data
P/B
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
input data missing
ROE
2.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
1.4%
computed by olivLawFY 2025
Revenue growth (YoY)
-32.4%
computed by olivLawFY 2025
Dividend yield
0.8%
computed by olivLawFY 2025

Coverage and freshness

29/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 31 Mar 2026
verified 272

Score by group

25% · Insufficient data

Estimated value range

Low
3.29
USD per share
Mid
3.77
USD per share
High
4.42
USD per share
Price: 30.95 USD
The price is above the range
Potential to the central value: -87.8% (value / price − 1)
Margin of safety: -721.3% (1 − price / value)
Agreement between methods: single method · 1 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.29 – 4.42 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · the input exists, but its latest figure is far older than the latest reported period: not used
  • Peers: EV/EBITDAunavailable · input data missing
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)3.29 – 4.42 (Mid 3.77)
Multiple comparisons use the SIC vertical: Construction - Special Trade Contractors (SIC 1700)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality1.4%67 (vs peers)25%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth-21.8%0 (on a fixed band)33%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.7x73 (on a fixed band)17%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns8.3%100 (on a fixed band)25%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial73/100 · 1/3 factors with a value
  • Growth· partial0/100 · 1/2 factors with a value
  • Quality· partial67/100 · 1/3 factors with a value
  • Returns· partial100/100 · 1/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Brookfield Business Corporation (BBUC). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 27.5 bn USD in 2025; YoY growth -32.4%; net margin 1.4%; ROE 2.4%.

The estimated value range is 3.29–4.42 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 3.77 USD, the price of 30.95 USD leaves a potential of -87.8% (value / price − 1) and a margin of safety of -721.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

Insufficient data for a verdict (indicators available: 4 of at least 6; score weight coverage: 25.0% of at least 60%).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 1.7x
  • Shareholder yield (distributions): 8.3%

What contradicts it

  • Revenue CAGR 3Y: -21.8%
  • The price is above the estimated value range

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Payout ratio (FCF).

Versus the vertical median

Construction - Special Trade Contractors (SIC 1700) · same industry (4-digit SIC) · compared with 18 companies

Multiples and returns vs the median

P/E
—
vertical median 22.7x
EV/EBITDA
—
vertical median 10.8x
P/S
0.1x
vertical median 1.0x
below median (−90.1%)
P/B
0.2x
vertical median 3.0x
below median (−94.1%)
ROE
2.4%
vertical median -4.7%
above median
Net margin
1.4%
vertical median -4.7%
above median
EBIT margin
—
vertical median -10.3%
Revenue YoY
-32.4%
vertical median 8.9%
below median (−463.4%)
Net debt/EBITDA
—
vertical median 0.1x
Dividend yield
0.8%
vertical median —

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
AGXArgan Inc4.1 bn23.039.8%15.1%+8.1%−26% / +523%
BBUCBrookfield Business Corporation2.7 bn—2.4%1.4%−32.4%−12% / +85%
RUNSunrun Inc.2.1 bn4.416.2%14.0%+45.1%−57% / −32%
LMBLimbach Holdings, Inc.681.6 m22.716.0%4.2%+24.7%−18% / +52%
BBCPConcrete Pumping Holdings, Inc.510.5 m59.83.9%2.4%−7.7%+61% / +36%
PHOEPhoenix Asia Holdings Limited401.7 m—-25.9%-16.7%−2.2%+32% / unavailable
MTRXMatrix Service Company258.3 m—-1.8%-0.3%+13.6%−22% / −8%
MSGYMasonglory Limited66.8 m7.0-135.4%-34.0%+1.0%−82% / unavailable
SPWRSunpower Inc.50.5 m——-3.8%+175.9%−86% / −79%
FGLFounder Group Limited24.7 m—-31.9%-5.6%unavailable−100% / unavailable
SMXTSolarMax Technology, Inc.19.5 m——-7.9%+295.8%−63% / unavailable
PMAMing Shing Group Holdings Limited16.9 m——-39.4%−56.8%−23% / unavailable
WXMWF International Limited14.4 m—-71.9%-24.5%−13.7%−62% / unavailable
CETXCemtrex, Inc.1.7 m—-152.4%-38.4%+14.4%−97% / −100%
PBKPOWERBANK Corp——-174.4%-74.7%−28.9%−90% / unavailable
LGNLegence Corp.——-7.5%-1.2%+21.5%−30% / unavailable
ZEOZeo Energy Corp.0——-15.4%−5.3%−83% / −98%
KAZRSkyline Builders Group Holding Limited——20.6%18.1%+8.9%−54% / unavailable
AMRCAmeresco, Inc.——5.5%3.3%+28.8%−39% / −29%

1- and 3-year price returns: for BBUC from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
53.52
Total return 73% · Per year 73%
95.10
Total return 207% · Per year 207%
143.90
Total return 365% · Per year 365%
3 years
42.50
Total return 37% · Per year 11%
85.82
Total return 177% · Per year 40%
143.90
Total return 365% · Per year 67%
5 years
33.74
Total return 9% · Per year 2%
77.46
Total return 150% · Per year 20%
143.90
Total return 365% · Per year 36%
What moves the 3-year price the most
  • Exit P/E± 21.46
  • Net margin± 15.02
  • Annual revenue growth± 13.56
  • Annual dilution± 1.26

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 31 Mar 2026; since then the company filed 6-K (14 Aug 2026), 6-K (05 Aug 2026), 6-K (31 Jul 2026), 6-K (18 Jun 2026), 6-K (20 May 2026), 6-K (11 May 2026).

In brief

Brookfield Business Corporation is the flagship public vehicle of Brookfield for business services and industrial operations worldwide, focused on companies with strong competitive positions that provide essential products and services. After completing the arrangement in March 2026, it is listed under the symbol BBUC and controls a large portfolio in which the industrials segment is the largest revenue contributor 1.

SWOT

Strengths

  • A diversified portfolio across several sectors and regions, with market leaders in many operations 1.
  • Support from the Brookfield platform, which provides access to acquisitions and partnerships with institutional investors 1.
  • Ability to reinvest proceeds from dispositions into assets with higher yields 1.

Weaknesses

  • Revenues fell sharply in 2025 after dispositions and deconsolidations, showing reliance on transactions 1.
  • Some operations recorded impairments or lower activity, such as modular leasing and solar power 1.
  • Net financing costs are high and can slow the realization of gains from dispositions 1.

Opportunities

  • Investment in advanced battery manufacturing capacity, supported by tax credits in the United States 1.
  • Growing replacement demand for electric heat tracing systems across an existing installed base 1.
  • Expansion of commercial vehicle finance and small business lending in India 1.

Threats

  • High inflation could delay customer demand and their long-term investment decisions 1.
  • Rising competition in certain markets could affect margins and asset values 1.
  • Financial difficulties at individual operations can lead to loss of control and deconsolidation, as happened with healthcare services 1.

Risks

  • Deconsolidations and loss of controlhigh

    When an operation enters receivership, the company can lose control of it, which changes reported revenues and results, as happened in 2025 1.

  • Reliance on dispositions and transactionsmedium

    A large share of gains comes from dispositions, and if the transaction market tightens, the pace of capital recycling could slow 1.

  • Exposure to financing costsmedium

    Significant debt and interest costs can limit flexibility, especially in a higher inflation environment 1.

  • Software modernization riskslow

    Costs of modernizing the dealer platform will weigh on near-term results, and realizing the benefits could take longer 1.

  • Trade policy and regulatory approvalslow

    Evolving trade policies and regulatory approvals for new acquisitions, such as Fosber, can influence transaction timing 1.

Investment thesis

What would need to be true (bull case)

  • If demand for advanced batteries and replacement systems holds, the industrials segment could keep improving margins and cash flows 1.
  • Recycling capital from dispositions could fund more attractive acquisitions and support long-term value creation 1.
  • Market leadership in several niche markets can support stable customer relationships and recurring revenues 1.

What would break the thesis

  • Revenues fell significantly after dispositions and deconsolidations, and if they are not offset by new acquisitions, growth could remain slow 1.
  • Inflation and high financing costs could limit investment and weigh on net results 1.
  • Operations such as modular leasing and solar power show that some activities can struggle in competitive environments 1.

What to watch

  • Closing of the Fosber acquisition and its integration into the industrials segmentfirst half of 2026
  • Timing of the sale of the FPSO operation in offshore oil servicesfirst half of 2026
  • Progress of the manufacturing capacity investment program for energy storage2026

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 31 Mar 2026; since then the company filed 6-K (14 Aug 2026), 6-K (05 Aug 2026), 6-K (31 Jul 2026), 6-K (18 Jun 2026), 6-K (20 May 2026), 6-K (11 May 2026).

The business

Brookfield created the company as a public vehicle for business services and industrial operations, and in fiscal 2025 it reports total assets of 75.8 billion USD and revenues of 27.5 billion USD 1. The strategy relies on enhancing the cash flows of operations, an operations-oriented acquisition approach and recycling capital from dispositions into new investments, with returns aimed mainly at capital appreciation and a modest distribution yield 1. Operations are located mainly in the United States, Europe, Brazil, Australia and Canada 1.

The company treats each business as an asset that needs a clear strategy built on competitive advantages, profitability and sustainable cash flows 1. Most operations are market leaders that supply goods and services where they are sourced, so they are not heavily dependent on cross-border trade 1.

Segments

Business services

Includes dealer software, non-bank financial services, a Canadian residential mortgage insurer, fleet management and other operations, with revenues of 9.4 billion USD in fiscal 2025 1. Revenues fell sharply from the prior year because of the disposal of the road fuels operation and the deconsolidation of healthcare services 1.

Infrastructure services

Includes modular building leasing, lottery services, offshore oil services and work access services, with revenues of 3.2 billion USD in fiscal 2025 1. The lottery operation benefits from better margins and new commercial wins, while modular leasing is affected by lower activity levels 1.

Market context

The businesses span dealer software, commercial vehicle finance, mortgage insurance, energy storage and industrial manufacturing, and demand in these areas depends on overall economic activity 1. The company notes that a higher inflationary environment could delay long-term investment decisions and reduce global demand 1.

According to the filing, demand for engineered components has recovered slowly and remains below normal cycle levels, and the timing of a full recovery is uncertain 1. On the other hand, replacement and advanced battery markets are supported by durable demand and by U.S. manufacturing capacity programs 1.

Trends

  • Investment in US manufacturing and energy storagetailwind

    The advanced energy storage operation has announced a multi-billion-dollar reinvestment program to expand U.S. manufacturing capacity, which could be supported by manufacturing tax credits 1.

  • Slow recovery in engineered componentsheadwind

    Underlying demand for engineered components has not fully recovered, and the timing of a rebound is uncertain, which could keep pressure on revenues in this area 1.

  • Dispositions and capital recyclingmixed

    Partial sales and dispositions in 2025 generated gains and capital for new acquisitions, which can support portfolio development if the pace of transactions holds 1.

Competitive position

The regulatory sources do not explicitly name the company's competitors, but they mention that some businesses operate in more intensely competitive markets, for example solar power, where increased competition led to an impairment 1. Competitiveness depends on scale, market leadership and service quality, which the company cites as its differentiators 1.

  • Solar power solution providers

    The filing cites increased competition in solar power without naming specific competitors 1.

  • Other dealer software and technology providers

    The dealer software operation faces customer churn, partly offset by contract extensions, but competitors are not named in the source 1.

  • Other commercial lenders and mortgage insurers

    Lending and mortgage businesses compete with other lenders in Canada and India, without names in the source 1.

  • Advanced battery and energy storage manufacturers

    The energy storage segment competes on product mix and manufacturing capacity, without names in the source 1.

News & filings

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.