Stock

Brookfield Corporation

BN
45
Asset Management · Financial Services
Also trades as: BN.TO CAD 51.77 (-0.96%)
Price
$36.62
-0.19 (-0.52%)
Market Cap
$81.75B
Exchange
New York Stock Exchange
Winston Score
45
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Oct 18, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
11/30
Growth
Good
11/20
Cash Flow
Good
6/10
Stability
Weak
1/10
Valuation
Good
5/10
Ownership
Good
10/15
Dividends
Weak
1/5

45 of 100 counted points = Winston Score 45.

§Winston Score History

The full picture

Brookfield Corporation is a large investment and asset management company based in Canada. It owns and manages real assets like office buildings, shopping malls, renewable energy plants, infrastructure (such as toll roads and pipelines), and private equity businesses. Its customers are mostly large institutional investors — like pension funds and sovereign wealth funds — that pay Brookfield to invest their money.

Brookfield makes money in two main ways: it earns management fees from running investment funds on behalf of clients, and it also invests its own money directly into assets, collecting profits when those assets grow in value or generate income. The company operates globally, with major investments across North America, Europe, Asia, and South America, managing over $900 billion in assets. Its main competitive advantage is its long track record and scale in hard-to-access real asset markets. The key risk is that rising interest rates can reduce the value of its real estate and infrastructure holdings and make fundraising harder.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+40.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

40.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 years

$186.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$186.8B cash & investments at current burn rate

Growth context

Brookfield Corporation is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

−0.6% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 2.38B (2021) → 2.37B (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
10.7%
Thin — 10.7% gross margin
Profit after running costs
Operating Margin
24.2%
Excellent — 24.2% operating margin
Return on the money invested
ROCE
7.1%
Weak — 7.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+2.2%
Nearly flat sales (+2.2% YoY)
Profit growth
EPS YoY
+91.5%
Earnings growing fast (+91.5% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
438%
Turns 438% of profit into real cash
Spare cash per sale
FCF Margin
-10.8%
Burning cash (-10.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
5.69
Heavy debt load (5.69)
Covers its interest
Interest Cover
1.28x
Dangerous — barely covers interest (1.3x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
64.3x
Expensive — P/E 64.3

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+49.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (64.3 → 14.6)

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Dividends

Dividend
Dividend Yield
0.76%
Small dividend — 0.76% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-22.9%
Dividend cut (-22.9% YoY) — warning sign
Payout Ratio
41%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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