Last 44 quarters of trend data · Industrials · Conglomerates
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 7.2% YoY to 5.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -62.92 | — | — | 46.30 | 15.43 | — | 4.19 | — | 24.02 | 0.76 | 40.51 | 7.83 | 1.71 |
| — | — | — | — | -35.7% | — | -89.7% | — | +1303.6% | -79.3% | — | +476.6% | -94.4% | |
| P/S Ratio | 0.07 | 0.11 | 0.09 | 0.08 | 0.07 | 0.06 | 0.05 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 |
| — | +84.2% | +101.1% | +164.3% | +103.5% | +104.8% | +138.1% | +23.2% | +35.4% | +32.3% | -20.2% | -12.9% | -42.5% | |
| P/B Ratio | 0.14 | 0.20 | 0.17 | 0.14 | 0.13 | 0.10 | 0.09 | 0.08 | 0.09 | 0.08 | 0.06 | 0.07 | 0.07 |
| — | +102.3% | +88.0% | +76.0% | +41.6% | +20.9% | +45.5% | +12.9% | +21.0% | +21.1% | -32.2% | -40.0% | -59.3% | |
| P/FCF | 3.85 | 9.96 | 0.85 | — | 1.47 | 1.28 | 0.34 | — | — | — | 0.61 | — | — |
| — | +677.7% | +149.1% | — | — | — | -43.8% | — | — | — | -54.6% | — | — | |
| EV / EBITDA | 5.13 | 5.48 | 6.26 | 6.25 | 10.33 | 5.11 | 3.89 | 6.96 | 6.48 | 6.20 | 12.13 | 7.17 | 6.86 |
| — | +7.2% | +61.0% | -10.2% | +59.3% | -17.5% | -67.9% | -2.9% | -5.6% | -45.0% | +80.3% | -5.8% | +0.9% | |
| EV / EBIT | 8.81 | 11.31 | 15.93 | 11.26 | 10.33 | 8.75 | 5.60 | 14.88 | 12.87 | 12.62 | 12.13 | 15.52 | 13.79 |
| — | +29.3% | +184.6% | -24.4% | -19.7% | -30.7% | -53.9% | -4.1% | -6.7% | -1.4% | -15.7% | -9.2% | -11.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Brookfield Business Partners L.P.'s operating margin was 16.7% in Q4 2025, up 2.5 pp QoQ and up 1.9 pp YoY. The trailing four-quarter average of 15.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 8.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.3% | 20.8% | 18.2% | 18.4% | 20.0% | 19.1% | 23.4% | 8.5% | 9.5% | 8.9% | 9.6% | 8.7% | 9.4% |
| — | +8.7% | -22.5% | +115.6% | +110.9% | +114.1% | +143.9% | -2.1% | +0.8% | -5.9% | +21.6% | +36.9% | +50.8% | |
| Operating Margin | 15.1% | 16.7% | 14.1% | 14.3% | 15.4% | 14.7% | 20.0% | 6.0% | 6.8% | 6.4% | 6.8% | 5.8% | 6.5% |
| — | +13.0% | -29.2% | +140.7% | +124.9% | +129.8% | +193.5% | +3.3% | +5.4% | -1.4% | +25.0% | +35.1% | +61.6% | |
| Net Margin | -0.1% | -0.6% | -0.4% | 0.2% | 0.6% | -1.8% | 1.3% | 0.1% | 0.2% | 3.8% | 0.0% | -0.1% | 0.2% |
| — | +67.9% | -128.8% | +227.3% | +155.1% | -149.0% | +2485.4% | +142.4% | +37.4% | +11115.5% | +151.1% | -136.8% | +204.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.3% | -0.2% | 0.1% | 0.3% | -0.7% | 0.6% | 0.0% | 0.2% | 2.7% | 0.0% | -0.1% | 0.1% |
| — | +63.0% | -126.2% | +122.3% | +64.1% | -127.3% | +1546.9% | +138.6% | +21.4% | +9540.3% | +140.3% | -124.4% | +117.9% | |
| ROA | -0.0% | -0.1% | -0.0% | 0.0% | 0.1% | -0.2% | 0.1% | 0.0% | 0.0% | 0.6% | 0.0% | -0.0% | 0.0% |
| — | +67.9% | -123.2% | +95.9% | +54.8% | -129.7% | +1738.5% | +141.8% | +31.5% | +10325.9% | +145.1% | -127.0% | +126.8% | |
| ROIC | 5.8% | 1.6% | 1.3% | 1.3% | 1.4% | 1.5% | 2.3% | 0.9% | 1.0% | 1.0% | 1.1% | 0.9% | 1.0% |
| — | +10.3% | -44.6% | +42.0% | +37.4% | +41.3% | +108.5% | +2.5% | +2.3% | -8.7% | +8.3% | -6.5% | +9.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Brookfield Business Partners L.P.'s Debt/EBITDA ratio is 22.1x, down from 25.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 44.9% YoY to 1.83x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.86 | 2.86 | 2.88 | 2.90 | 2.99 | 2.30 | 2.20 | 2.41 | 2.38 | 2.46 | 2.68 | 2.66 | 2.71 |
| — | +24.2% | +31.0% | +20.3% | +25.7% | -6.4% | -17.9% | -9.5% | -12.2% | -10.5% | -10.7% | -16.0% | +2.0% | |
| Debt / EBITDA | 5.97 | 22.13 | 25.61 | 25.74 | 42.81 | 21.24 | 16.04 | 28.87 | 26.85 | 25.86 | 50.39 | 29.81 | 28.45 |
| — | +4.2% | +59.6% | -10.8% | +59.5% | -17.9% | -68.2% | -3.2% | -5.6% | -44.7% | +79.7% | -6.4% | +1.6% | |
| Current Ratio | 1.83 | 1.83 | 1.71 | 1.67 | 1.48 | 1.26 | 1.17 | 1.00 | 1.10 | 1.04 | 1.06 | 1.13 | 1.17 |
| — | +44.9% | +45.8% | +66.2% | +35.3% | +21.6% | +10.8% | -11.3% | -6.4% | -5.5% | -3.9% | -1.3% | +2.7% | |
| Quick Ratio | 1.53 | 1.53 | 1.40 | 1.36 | 1.21 | 1.06 | 0.95 | 0.74 | 0.84 | 0.77 | 0.79 | 0.80 | 0.85 |
| — | +44.2% | +48.2% | +84.7% | +43.7% | +38.4% | +20.3% | -7.5% | -0.7% | +1.3% | +3.0% | +3.8% | +6.5% | |
| Interest Coverage | 1.14 | 1.20 | 0.89 | 1.18 | 1.35 | 1.46 | 2.37 | — | — | 0.98 | 1.05 | 0.82 | 1.03 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 44 years · Updated daily
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Brookfield Business Partners L.P.'s current P/E is -62.9x. The average P/E over the last 2 quarters is 30.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Brookfield Business Partners L.P.'s current operating margin is 15.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Brookfield Business Partners L.P.'s business trajectory between earnings reports.