Revenue performance remains erratic due to the lumpy nature of acquisitions, with gross margins fluctuating significantly from a low of 3.6% in 2024Q2 to a peak of 20.8% in 2025Q4.
| Sales/Revenue | 16.98B | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | 3.07B | 5.31B | 640M | 889M | 640M | 392M | 753M | 845M |
| Gross Margin % | 18.1% | 19.32% | 7.8% | 11.57% | 9.41% | 6.15% | 7.84% | 8.53% |
| Gross Profit Growth % | - | 729.06% | -28.01% | 38.91% | 63.27% | -47.94% | -10.89% | - |
| Operating Expenses | 710.9M | 1.15B | 577M | 268M | 203M | 167M | 313M | 336M |
| OpEx % of Revenue | - | 4.19% | 7.03% | 3.49% | 2.98% | 2.62% | 3.26% | 3.39% |
| Selling, General & Admin | 710.9M | 1.15B | 326M | 268M | 203M | 167M | 313M | 336M |
| SG&A % of Revenue | - | 4.19% | 3.97% | 3.49% | 2.98% | 2.62% | 3.26% | 3.39% |
| Research & Development | 0 | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - | - |
| Operating Income | 2.36B | 4.16B | 63M | 621M | 437M | 225M | 440M | 509M |
| Operating Margin % | 13.91% | 15.13% | 0.77% | 8.08% | 6.42% | 3.53% | 4.58% | 5.14% |
| Operating Income Growth % | - | 6495.24% | -89.86% | 42.11% | 94.22% | -48.86% | -13.56% | - |
| EBITDA | 3.48B | 7.18B | 843M | 1.65B | 1.33B | 828M | 1.02B | 1.03B |
| EBITDA Margin % | 20.47% | 26.17% | 10.27% | 21.41% | 19.54% | 12.99% | 10.67% | 10.39% |
| EBITDA Growth % | 251.11% | 752.31% | -48.75% | 23.78% | 60.51% | -19.22% | -0.39% | - |
| D&A (Non-Cash Add-back) | 1.11B | 3.03B | 780M | 1.02B | 892M | 603M | 585M | 520M |
| EBIT | 2.36B | 4.16B | 63M | 621M | 437M | 225M | 440M | 509M |
| Net Interest Income | -1.36B | -835.37M | 0 | -878M | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 16.1M | 0 | 0 | 0 | 0 |
| Interest Expense | 1.36B | 835.37M | 0 | 894.1M | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - | - | - |
| Pretax Income | -180.99M | 480M | -2.08B | -911M | 662M | 17M | -141M | -125M |
| Pretax Margin % | -1.07% | 1.75% | -25.28% | -11.86% | 9.73% | 0.27% | -1.47% | -1.26% |
| Income Tax | 89M | 93M | -148M | 72M | -34M | 5M | -14M | 9M |
| Effective Tax Rate % | -49.18% | 19.38% | 7.13% | -7.9% | -5.14% | 29.41% | 9.93% | -7.2% |
| Net Income | -609.55M | 26M | -888M | 519M | 911M | 36M | -164M | -128M |
| Net Margin % | -3.59% | 0.09% | -10.82% | 6.76% | 13.39% | 0.56% | -1.71% | -1.29% |
| Net Income Growth % | 23.42% | 102.93% | -271.1% | -43.03% | 2430.56% | 121.95% | -28.13% | - |
| Net Income (Continuing) | -269.99M | 387M | -1.93B | -983M | 696M | 12M | -127M | -134M |
| Discontinued Operations | 0 | 0 | 0 | 3.81B | 380M | 81M | 0 | 0 |
| Minority Interest | 10.04B | 2.78B | 2.69B | 3.86B | 3.71B | 1.65B | 1.48B | 1.77B |
| EPS (Diluted) | -8.71 | -0.30 | -12.17 | 5.25 | 8.85 | 0.49 | -1.75 | -1.35 |
| EPS Growth % | 20.13% | 97.53% | -331.81% | -40.68% | 1706.12% | 128% | -29.63% | - |
| EPS (Basic) | - | -0.30 | -12.17 | 5.25 | 8.85 | 0.49 | -1.75 | -1.35 |
| Diluted Shares Outstanding | 70M | 70M | 72.95M | 98.89M | 98.89M | 73.5M | 98.94M | 98.94M |
| Basic Shares Outstanding | 70M | 70M | 72.95M | 98.89M | 98.89M | 73.5M | 98.94M | 98.94M |
| Dividend Payout Ratio | - | 123.08% | - | 3.47% | 10.54% | 112.89% | - | - |
High subsidiary-level leverage
As indicated by the quarterly financial data, BBUC's top-line performance exhibits extreme volatility, with revenue swinging from a negative $1.1 billion in 2023Q4 to $7.1 billion by 2025Q4, reflecting the lumpy nature of consolidated acquisitions rather than consistent organic growth across its diverse industrial portfolio.
The dramatic fluctuations in reported revenue suggest that BBUC's top-line is heavily influenced by the timing of major asset consolidations rather than steady operational expansion. Investors should interpret these figures with caution, as the lack of consistent organic growth visibility makes it difficult to assess the long-term durability of the company's service-based revenue streams.
According to the provided income statement data, BBUC's gross margins have fluctuated significantly, peaking at 20.8% in 2025Q4 but dropping as low as 3.6% in 2024Q2, highlighting the inherent difficulty in maintaining profitability across its capital-intensive and project-based business services and infrastructure segments.
The thin and inconsistent gross margins appear to be a byproduct of the company's reliance on project-based work, which lacks the pricing power seen in pure-play asset management peers. This structural weakness suggests that BBUC may struggle to achieve sustainable margin expansion without a fundamental shift toward higher-margin, recurring service contracts within its industrial holdings.
Based on reported figures, BBUC's net income frequently diverges from operating income, with the company recording a net loss of $500 million in 2025Q3 despite positive operating income, illustrating the significant impact of non-operating items and depreciation charges on the bottom line.
The persistent gap between operating performance and net income suggests that GAAP earnings are a poor proxy for the company's true economic health. Analysts should monitor whether these recurring losses are driven by legitimate non-cash accounting charges or if they reflect underlying structural issues in the debt-servicing requirements of the consolidated subsidiaries.
As highlighted in the financial statements, the company's net margin of 0.09% in 2026Q1 underscores a precarious profitability profile, where any minor increase in interest expenses or operational disruption could quickly erode the thin buffer currently supporting the firm's consolidated equity value.
Short-term observers may focus on the potential for equity wipeouts if subsidiary-level debt, which is often excluded from corporate-level reporting, becomes unsustainable in a higher-for-longer interest rate environment. This vulnerability warrants further investigation into the specific debt covenants and maturity profiles of the company's most capital-intensive industrial assets.
Quick answers to the most common questions about buying BBUC stock.
Brookfield Business Corporation (BBUC) is profitable, generating $26.0M in net income for the fiscal year ending 2025 with a net profit margin of 0.1%.
Brookfield Business Corporation (BBUC) reported an operating income of $4.16B, resulting in an operating profit margin of 15.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Brookfield Business Corporation (BBUC) generated $5.31B in gross profit for the year, representing a gross profit margin of 19.3%. This demonstrates the company's core pricing power and production efficiency.