Brookfield Business Partners L.P. (BBU) 10-Year Financial Performance & Capital Metrics

BBU • • Industrial / General

IndustrialsConglomeratesPrivate Equity & Investment ConglomeratesPrivate Equity Investment Platforms

AboutBrookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Asset Management Inc.Show more

Revenue $40.62B -23.4%
EBITDA $7.67B +130.2%
Net Income $15M -96.9%
EPS (Diluted) -0.50 -107.7%
Gross Margin 14.12% +254.1%
EBITDA Margin 18.89% +200.7%
Operating Margin 11% +961.7%
Net Margin 0.04% -95.9%
ROE 0.08% -96.8%
ROIC 5.87% +798.6%
Debt/Equity 2.30 -6.4%
Interest Coverage 1.51 +907.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 81 (top 19%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 0.2x book value

✗Weaknesses

✗High debt to equity ratio of 2.3x
✗Weak 3Y average ROE of 1.0%
✗Profits declining 19.0% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 0.3%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.28%

5Y-1.15%

3Y-4.47%

TTM-40.36%

Profit (Net Income) CAGR

10Y31.1%

5Y-18.99%

3Y-61.26%

TTM-116.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-121.92%

ROCE

10Y Avg3.82%

5Y Avg4.49%

3Y Avg4.12%

Latest6.83%

Peer Comparison

Private Equity Investment Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CODICompass Diversified	406.27M	5.40	23.48	5.8%	-7.33%	-45.01%		6.66
BBUBrookfield Business Partners L.P.	3.22B	36.32	-72.64	-23.44%	-0.39%	-0.69%	22.49%	2.30

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.75B	7.96B	22.82B	37.17B	43.03B	37.63B	46.59B	57.38B	53.05B	40.62B
Revenue Growth %	0.46%	0.18%	1.87%	0.63%	0.16%	-0.13%	0.24%	0.23%	-0.08%	-0.23%
Cost of Goods Sold+	6.13B	7.39B	21.88B	34.13B	40.13B	34.63B	43.15B	53.11B	50.94B	34.88B
COGS % of Revenue	0.91%	0.93%	0.96%	0.92%	0.93%	0.92%	0.93%	0.93%	0.96%	0.86%
Gross Profit+	621M	574M	947M	3.03B	2.9B	3B	3.44B	4.28B	2.12B	5.74B
Gross Margin %	0.09%	0.07%	0.04%	0.08%	0.07%	0.08%	0.07%	0.07%	0.04%	0.14%
Gross Profit Growth %	0.19%	-0.08%	0.65%	2.2%	-0.04%	0.04%	0.14%	0.24%	-0.51%	1.71%
Operating Expenses+	481M	555M	711M	1.39B	832M	968M	1.01B	1.36B	1.57B	1.27B
OpEx % of Revenue	0.07%	0.07%	0.03%	0.04%	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%
Selling, General & Admin	224M	269M	340M	643M	832M	968M	1.01B	1.36B	1.57B	1.27B
SG&A % of Revenue	0.03%	0.03%	0.01%	0.02%	0.02%	0.03%	0.02%	0.02%	0.03%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	70M	-11M	-108M	-136M	0	0	0	0	0	0
Operating Income+	163M	77M	152M	172M	2.07B	2.04B	2.42B	2.92B	549.9M	4.47B
Operating Margin %	0.02%	0.01%	0.01%	0%	0.05%	0.05%	0.05%	0.05%	0.01%	0.11%
Operating Income Growth %	2.47%	-0.53%	0.97%	0.13%	11.03%	-0.02%	0.19%	0.2%	-0.81%	7.13%
EBITDA+	420M	359.56M	536.34M	881.85M	3.87B	4.2B	4.71B	6.14B	3.33B	7.67B
EBITDA Margin %	0.06%	0.05%	0.02%	0.02%	0.09%	0.11%	0.1%	0.11%	0.06%	0.19%
EBITDA Growth %	1.16%	-0.14%	0.49%	0.64%	3.39%	0.08%	0.12%	0.3%	-0.46%	1.3%
D&A (Non-Cash Add-back)	257M	282.56M	384.34M	709.85M	1.8B	2.17B	2.28B	3.22B	2.78B	3.2B
EBIT	388M	-193.64M	236M	1.7B	2.07B	2.04B	2.42B	2.92B	3.51B	4.47B
Net Interest Income+	-65M	-90M	-202M	0	-1.3B	-1.56B	0	0	-3.6B	-2.95B
Interest Income	0	0	0	0	0	0	0	0	65.95M	0
Interest Expense	65M	90M	202M	0	1.3B	1.56B	0	0	3.66B	2.95B
Other Income/Expense	-90M	-237M	-13M	-342M	-1.44B	-1.3B	-106M	-2.99B	3.17B	-3.88B
Pretax Income+	323M	-218M	223M	1.3B	626M	734M	2.32B	-79M	3.72B	594M
Pretax Margin %	0.05%	-0.03%	0.01%	0.04%	0.01%	0.02%	0.05%	-0%	0.07%	0.01%
Income Tax+	54M	-16M	8M	98M	192M	154M	165M	-319M	-55M	-301M
Effective Tax Rate %	0.14%	-0.01%	-0.26%	0.06%	0.07%	-0.12%	0.11%	-0.8%	0.13%	0.03%
Net Income+	44M	3M	-58M	74M	43M	-91M	258M	63M	482M	15M
Net Margin %	0.01%	0%	-0%	0%	0%	-0%	0.01%	0%	0.01%	0%
Net Income Growth %	43%	-0.93%	-20.33%	2.28%	-0.42%	-3.12%	3.84%	-0.76%	6.65%	-0.97%
Net Income (Continuing)	269M	-202M	215M	1.2B	434M	580M	2.15B	240M	3.78B	895M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.3B	2.83B	4.48B	4.95B	8.94B	9.41B	10.73B	17.01B	16.54B	15.56B
EPS (Diluted)+	1.00	0.06	-1.04	0.57	5.90	7.23	27.50	4.71	6.47	-0.50
EPS Growth %	32.33%	-0.94%	-18.33%	1.55%	9.35%	0.23%	2.8%	-0.83%	0.37%	-1.08%
EPS (Basic)	1.00	0.06	-1.05	0.57	5.90	7.23	27.50	4.71	6.47	-0.50
Diluted Shares Outstanding	59M	50M	55.77M	129.3M	73.6M	80.2M	78.3M	75.3M	74.5M	74.3M
Basic Shares Outstanding	59M	50M	55.5M	129.28M	73.6M	80.2M	78.3M	75.3M	74.5M	74.3M
Dividend Payout Ratio	10.45%	5.67%	-	0.43%	0.83%	-	0.14%	0.79%	0.04%	3.43%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.04B	3.76B	7.84B	10.25B	12.79B	14.49B	15.4B	18.29B	14.81B	15.34B
Cash & Short-Term Investments	613M	1.05B	1.89B	1.95B	3.07B	5.12B	4.39B	4.44B	4.04B	4.03B
Cash Only	354M	1.05B	1.11B	1.95B	2.16B	3.58B	2.81B	3.08B	3.42B	3.24B
Short-Term Investments	259M	0	784M	0	910M	1.55B	1.58B	1.36B	614.84M	791M
Accounts Receivable	1.77B	1.71B	3.46B	4.33B	4.87B	4.5B	5.15B	6.65B	5.77B	4.01B
Days Sales Outstanding	95.78	78.27	55.41	42.51	41.34	43.65	40.34	42.33	39.71	36.01
Inventory	442M	647M	1.58B	3.14B	4B	4.18B	4.98B	5.65B	3.85B	2.42B
Days Inventory Outstanding	26.31	31.97	26.31	33.56	36.34	44.1	42.15	38.85	27.55	25.28
Other Current Assets	141M	362M	168M	684M	858M	685M	879.81M	1.54B	1.15B	4.13B
Total Non-Current Assets+	4.6B	4.43B	7.96B	17.07B	38.96B	40.25B	48.73B	70.92B	67.15B	60.13B
Property, Plant & Equipment	2.36B	2.1B	2.53B	6.95B	13.89B	13.98B	15.3B	15.89B	15.64B	13.23B
Fixed Asset Turnover	2.86x	3.80x	9.02x	5.35x	3.10x	2.69x	3.04x	3.61x	3.39x	3.07x
Goodwill	1.12B	1.15B	1.55B	2.41B	5.22B	5.24B	8.57B	15.47B	14.06B	12.24B
Intangible Assets	445M	371M	3.09B	5.52B	11.56B	11.26B	14.79B	23.94B	20.74B	18.32B
Long-Term Investments	492M	705M	609M	1.91B	7.19B	8.59B	8.7B	13.86B	15.12B	7.03B
Other Non-Current Assets	111M	0	0	0	429M	411M	487.34M	514.77M	383.03M	9.32B
Total Assets+	7.63B	8.19B	15.8B	27.32B	51.75B	54.75B	64.13B	89.21B	81.96B	75.47B
Asset Turnover	0.88x	0.97x	1.44x	1.36x	0.83x	0.69x	0.73x	0.64x	0.65x	0.54x
Asset Growth %	0.73%	0.07%	0.93%	0.73%	0.89%	0.06%	0.17%	0.39%	-0.08%	-0.08%
Total Current Liabilities+	2.5B	2.52B	5.64B	9.09B	11.02B	12.13B	13.89B	16.67B	14.28B	12.17B
Accounts Payable	1.27B	1.32B	1.45B	1.82B	2.92B	2.97B	3.66B	4.1B	4.21B	3.25B
Days Payables Outstanding	75.48	65.48	24.21	19.45	26.55	31.31	30.96	28.16	30.18	34.01
Short-Term Debt	511M	411M	825M	1.82B	2.34B	2.4B	3.16B	4.8B	3.63B	1.64B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	284M	344M	422M	2.06B	5.27B	6.21B	6.43B	7.17B	6.44B	3.3B
Current Ratio	1.22x	1.49x	1.39x	1.13x	1.16x	1.19x	1.11x	1.10x	1.04x	1.26x
Quick Ratio	1.04x	1.23x	1.11x	0.78x	0.80x	0.85x	0.75x	0.76x	0.77x	1.06x
Cash Conversion Cycle	46.61	44.77	57.52	56.62	51.13	56.44	51.53	53.02	37.07	27.28
Total Non-Current Liabilities+	2.06B	1.63B	4.1B	20.82B	29.67B	31.28B	37.26B	54.12B	49.24B	46B
Long-Term Debt	1.56B	1.14B	2.44B	9.05B	21.26B	22.06B	26.98B	42.92B	39.29B	37.25B
Capital Lease Obligations	-271M	0	0	0	2.76B	2.93B	2.95B	2.87B	2.37B	729M
Deferred Tax Liabilities	102M	81M	837M	867M	1.8B	1.7B	2.5B	3.7B	3.21B	0
Other Non-Current Liabilities	120M	378M	773M	1.89B	2.71B	3.23B	3.21B	4.64B	4.37B	8.03B
Total Liabilities	4.55B	4.16B	9.74B	20.82B	40.7B	43.41B	51.15B	70.79B	63.53B	58.17B
Total Debt+	2.07B	1.55B	3.27B	10.87B	26.36B	27.39B	33.1B	50.59B	45.29B	39.81B
Net Debt	1.72B	501M	2.16B	8.92B	24.2B	23.81B	30.29B	47.5B	41.87B	36.57B
Debt / Equity	0.67x	0.38x	0.54x	0.95x	2.38x	2.42x	2.55x	2.75x	2.46x	2.30x
Debt / EBITDA	4.94x	4.31x	6.09x	12.32x	6.81x	6.52x	7.03x	8.24x	13.59x	5.19x
Net Debt / EBITDA	4.10x	1.39x	4.03x	10.11x	6.25x	5.67x	6.43x	7.74x	12.56x	4.77x
Interest Coverage	2.51x	0.86x	0.75x	-	1.59x	1.31x	-	-	0.15x	1.51x
Total Equity+	3.08B	4.04B	6.06B	11.44B	11.05B	11.34B	12.98B	18.42B	18.44B	17.31B
Equity Growth %	0.44%	0.31%	0.5%	0.89%	-0.03%	0.03%	0.15%	0.42%	0%	-0.06%
Book Value per Share	52.27	80.76	108.73	88.48	150.18	141.36	165.80	244.63	247.48	232.95
Total Shareholders' Equity	1.79B	1.21B	1.58B	6.49B	2.12B	1.93B	2.25B	1.41B	1.9B	1.75B
Common Stock	2.15B	1.34B	1.77B	1.77B	2.33B	2.27B	2.19B	2.11B	2.1B	2.11B
Retained Earnings	0	2M	-69M	-237M	-217M	-235M	62.91M	96.96M	546.19M	491M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-360M	-141M	-112M	19M	2M	-112M	-3M	-802.64M	-745.17M	-848M
Minority Interest	1.3B	2.83B	4.48B	4.95B	8.94B	9.41B	10.73B	17.01B	16.54B	15.56B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	332M	229M	290M	1.34B	2.21B	4.21B	1.69B	1.01B	2.13B	3.12B
Operating CF Margin %	0.05%	0.03%	0.01%	0.04%	0.05%	0.11%	0.04%	0.02%	0.04%	0.08%
Operating CF Growth %	0.02%	-0.31%	0.27%	3.62%	0.65%	0.9%	-0.6%	-0.4%	1.11%	0.47%
Net Income	269M	-202M	215M	1.2B	44M	580M	2.15B	240M	3.78B	-35.22M
Depreciation & Amortization	257M	286M	371M	748M	1.85B	2.17B	2.28B	3.22B	3.59B	3.05B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	5M	-41M	-22M	-88M	-135.07M	-130M	-371M	-777M	-830M	-901.53M
Other Non-Cash Items	-269M	-57M	-267M	-500M	339.72M	254M	-1.23B	416M	-4.63B	1.48B
Working Capital Changes	60M	9M	-91M	-269M	118.7M	1.34B	-1.14B	-2.09B	216M	-471.23M
Change in Receivables	-516M	-55M	-520M	-10.44M	-71.63M	546M	-684M	-1.06B	-1.4B	-1.49B
Change in Inventory	52M	60M	-259M	145.2M	79.81M	453M	-494M	-629M	877M	-6.66M
Change in Payables	646M	127M	503M	-305.58M	121.77M	284M	27M	-212M	1.5B	1.01B
Cash from Investing+	-2.09B	-96M	-1.59B	-4B	-18.36B	-2.33B	-8.93B	-18.72B	2.54B	-2.22B
Capital Expenditures	-139M	-144M	-240M	-545M	-1.23B	-1.41B	-1.45B	-1.75B	-2.29B	-2.4B
CapEx % of Revenue	0.02%	0.02%	0.01%	0.01%	0.03%	0.04%	0.03%	0.03%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-8M	82M	109M	63M	104.37M	-644M	700M	257M	119M	-127.57M
Cash from Financing+	1.97B	586M	1.71B	3.56B	16.3B	-1.08B	7.06B	18.07B	-4.37B	-480.75M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-460M	-17M	-15M	-32M	-35.81M	-37M	-37M	-59M	-21M	-51.41M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	724M	425M	398M	-943M	-721.39M	-133M	368M	4.62B	-3.21B	-985.31M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	193M	85M	50M	796M	980.27M	2.8B	243M	-737M	-158M	724.46M
FCF Margin %	0.03%	0.01%	0%	0.02%	0.02%	0.07%	0.01%	-0.01%	-0%	0.02%
FCF Growth %	0.5%	-0.56%	-0.41%	14.92%	0.23%	1.86%	-0.91%	-4.03%	0.79%	5.59%
FCF per Share	3.27	1.70	0.90	6.16	13.32	34.91	3.10	-9.79	-2.12	9.75
FCF Conversion (FCF/Net Income)	7.55x	76.33x	-5.00x	18.12x	51.47x	-46.21x	6.56x	16.05x	4.42x	208.23x
Interest Paid	0	0	0	0	0	0	1.22B	2.04B	3.16B	0
Taxes Paid	0	0	0	0	0	0	448M	285M	534M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	1.69%	0.08%	-1.15%	0.85%	0.38%	-0.81%	2.12%	0.4%	2.62%	0.08%
Return on Invested Capital (ROIC)	3.22%	1.24%	1.79%	0.9%	5.58%	4.34%	4.64%	4%	0.65%	5.87%
Gross Margin	9.2%	7.21%	4.15%	8.16%	6.74%	7.98%	7.38%	7.45%	3.99%	14.12%
Net Margin	0.65%	0.04%	-0.25%	0.2%	0.1%	-0.24%	0.55%	0.11%	0.91%	0.04%
Debt / Equity	0.67x	0.38x	0.54x	0.95x	2.38x	2.42x	2.55x	2.75x	2.46x	2.30x
Interest Coverage	2.51x	0.86x	0.75x	-	1.59x	1.31x	-	-	0.15x	1.51x
FCF Conversion	7.55x	76.33x	-5.00x	18.12x	51.47x	-46.21x	6.56x	16.05x	4.42x	208.23x
Revenue Growth	46.11%	17.87%	186.72%	62.85%	15.78%	-12.54%	23.79%	23.18%	-7.55%	-23.44%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	655M	1.78B	7M	5.85B	6.71B	-	11.68B	8.2B
UNITED STATES Growth	-	171.30%	-99.61%	83442.86%	14.83%	-	-	-29.75%
Europe	-	-	-	-	-	7.83B	8.02B	6.36B
Europe Growth	-	-	-	-	-	-	2.43%	-20.66%
AUSTRALIA	2.88B	2.98B	3M	4.3B	4.53B	-	4.96B	5.68B
AUSTRALIA Growth	-	3.22%	-99.90%	143200.00%	5.35%	-	-	14.53%
BRAZIL	1.25B	1.75B	201M	1.4B	1.71B	-	2.84B	2.7B
BRAZIL Growth	-	39.78%	-88.51%	598.01%	21.95%	-	-	-4.93%
Other Geographic Areas	118M	1.35B	-	-	-	2.93B	2.9B	2.49B
Other Geographic Areas Growth	-	1040.68%	-	-	-	-	-1.26%	-14.09%
CANADA	3.27B	4.71B	103M	3.14B	3.92B	-	3.95B	2.3B
CANADA Growth	-	43.87%	-97.81%	2945.63%	24.83%	-	-	-41.81%
MEXICO	-	-	-	765M	813M	-	1.2B	1.3B
MEXICO Growth	-	-	-	-	6.27%	-	-	8.57%
INDIA	-	-	-	99M	-	-	-	-
INDIA Growth	-	-	-	-	-	-	-	-
Europe 1	411M	5.82B	-	-	-	-	-	-
Europe 1 Growth	-	1315.57%	-	-	-	-	-	-
Middle East 1	593M	886M	-	-	-	-	-	-
Middle East 1 Growth	-	49.41%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Brookfield Business Partners L.P. (BBU) reported $27.79B in revenue for fiscal year 2024. This represents a 469% increase from $4.88B in 2013.

Brookfield Business Partners L.P. (BBU) saw revenue decline by 23.4% over the past year.

Brookfield Business Partners L.P. (BBU) reported a net loss of $108.0M for fiscal year 2024.

Dividend & Returns

Yes, Brookfield Business Partners L.P. (BBU) pays a dividend with a yield of 1.91%. This makes it attractive for income-focused investors.

Brookfield Business Partners L.P. (BBU) has a return on equity (ROE) of 0.1%. This is below average, suggesting room for improvement.

Brookfield Business Partners L.P. (BBU) generated $1.42B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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