BEPC (Brookfield Renewable) Operating Income: $802 Mil (TTM As of Mar. 2026)

What is Brookfield Renewable Operating Income?

Brookfield Renewable BEPC -0.71% 67 Operating Income is $802 Mil as of Mar. 2026. GuruFocus rates BEPC with a GF Score™ of 67/100 and a GF Value™ of $33.19 (Fairly Valued). The stock has 8 warning signs investors should review.

Brookfield Renewable's Operating Income for the three months ended in Mar. 2026 was $128 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $802 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Brookfield Renewable's Operating Income for the three months ended in Mar. 2026 was $128 Mil. Brookfield Renewable's Revenue for the three months ended in Mar. 2026 was $883 Mil. Therefore, Brookfield Renewable's Operating Margin % for the quarter that ended in Mar. 2026 was 14.50%.

Warning Sign:

Brookfield Renewable Corp operating margin has been in a 5-year decline. The average rate of decline per year is -2.5%.

Brookfield Renewable's 5-Year average Growth Rate for Operating Margin % was -2.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Brookfield Renewable's annualized ROC % for the quarter that ended in Mar. 2026 was 0.90%. Brookfield Renewable's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -19.96%.

Brookfield Renewable (NYSE:BEPC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Brookfield Renewable's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	512 * ( 1 - 0.9% )	/	( (56018	+	57274)	/ 2 )
=	507.392	/	56646
=	0.90 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	46267	-	1759	-	( 637	-	max(0, 15453	-	3943	+	637	))
=	56018

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	46994	-	1683	-	( 614	-	max(0, 17938	-	5975	+	614	))
=	57274

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Brookfield Renewable's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-7800	/	( ( (39699 + max(-11133, 0))	+	(38456 + max(-12371, 0)) )	/	2 )
=	-7800	/	( ( 39699	+	38456 )	/	2 )
=	-7800	/	39077.5
=	-19.96 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(532	+	32	+	955)	-	(1759	+	0	+	10893)
=	-11133

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(560	+	33	+	2619)	-	(1683	+	0	+	13900)
=	-12371

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Brookfield Renewable's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	128	/	883
	=	14.50 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Brookfield Renewable Operating Income Related Terms

Brookfield Renewable Operating Income Historical Data

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The historical data trend for Brookfield Renewable's Operating Income can be seen below:

Brookfield Renewable Operating Income Chart

Brookfield Renewable Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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877.00

1,246.00

1,060.00

1,007.00

883.00

Brookfield Renewable Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															209.00	254.00	222.00	198.00	128.00

67GF Score

Brookfield Renewable Corp BEPC

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Brookfield Renewable Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $802 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of $802 Mil mean?

Brookfield Renewable (BEPC) has a Operating Income of $802 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Renewable and its competitors.

Is Brookfield Renewable's Operating Income too high?

Brookfield Renewable's current Operating Income is $802 Mil. Overall, Brookfield Renewable has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Brookfield Renewable's Operating Income compare to competitors?

Brookfield Renewable's Operating Income of $802 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for an Utilities - Independent Power Producers company?

A good Operating Income depends on the Utilities - Independent Power Producers industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Brookfield Renewable and its competitors. Brookfield Renewable's current Operating Income is $802 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Brookfield Renewable stock overvalued right now?

Based on GuruFocus' analysis, Brookfield Renewable (BEPC) is currently considered Fairly Valued. The stock's GF Value™ is $33.19, compared to a current price of $36.49 — trading 9.9% above its estimated fair value. The current Operating Income is $802 Mil. Brookfield Renewable's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Brookfield Renewable (BEPC), the current Operating Income is $802 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Brookfield Renewable (BEPC) Overvalued in 2026?

Based on GuruFocus' analysis, Brookfield Renewable stock appears to be overvalued. The current stock price of $36.49 is trading 9.9% above its estimated GF Value™ of $33.19. GuruFocus considers Brookfield Renewable to be Fairly Valued.

Key valuation signals for BEPC:

Operating Income: $802 Mil
GF Value™: $33.19 vs. price of $36.49 (9.9% above fair value)
GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the BEPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Brookfield Renewable Business Description

Industry Utilities Utilities - Independent Power Producers

Comparable Companies TSX:NPI TSX:BEP.UN TSX:BLX TSX:PIF NEOE:PBK TSXV:GRB TSXV:WEB TSXV:RE XCNQ:REVV XCNQ:NUE SHSE:600900 SHSE:600930 OCSE:ORSTED BOM:541450 ISX:BREN SHSE:600025 WBO:VER BSP:AXIA3 OHEL:FORTUM XLIS:EDPR

Other Exchanges D09:Germany BEPC:Canada

Address 250 Vesey Street, 15th Floor, Brookfield Place, New York, NY, USA, 10281-1023

Website https://www.brookfield.com

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals over 40 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners LP and Brookfield Renewable Corp.

67GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.49

Price

$33.19

GF Value

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