Brookfield Business Partners L.P. (BBU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 7.2B | 6.92B | 6.7B | 6.75B | 7.43B | 9.23B | 11.95B | 12.02B | 13.4B | 14.4B | 13.51B | 13.76B | 14.64B | 14.71B | 14.61B | 13.43B | 13.48B | 12.04B | 11.23B | 9.83B |
| Revenue Growth % | -3.02% | -25.05% | -43.96% | -43.83% | -44.6% | -35.88% | -11.55% | -12.67% | -8.44% | -2.12% | -7.54% | 2.47% | 8.61% | 22.15% | 30.01% | 36.61% | 34.14% | 19.59% | 52.44% | -3.12% |
| Cost of Goods Sold | 5.71B | 5.66B | 5.46B | 5.4B | 6.01B | 7.07B | 10.93B | 10.88B | 12.21B | 13.02B | 12.33B | 12.47B | 13.25B | 13.55B | 13.68B | 12.59B | 12.43B | 11.15B | 10.55B | 8.98B |
| COGS % of Revenue | 79.24% | 81.85% | 81.63% | 80.04% | 80.89% | 76.57% | 91.48% | 90.54% | 91.08% | 90.4% | 91.29% | 90.61% | 90.52% | 92.1% | 93.64% | 93.77% | 92.19% | 92.63% | 93.89% | 91.34% |
| Gross Profit | 1.5B | 1.26B | 1.23B | 1.35B | 1.42B | 2.16B | 1.02B | 1.14B | 1.2B | 1.38B | 1.18B | 1.29B | 1.39B | 1.16B | 929M | 836M | 1.05B | 888M | 686M | 851M |
| Gross Margin % | 20.76% | 18.15% | 18.37% | 19.96% | 19.11% | 23.43% | 8.52% | 9.46% | 8.92% | 9.6% | 8.71% | 9.39% | 9.48% | 7.9% | 6.36% | 6.23% | 7.81% | 7.37% | 6.11% | 8.66% |
| Gross Profit Growth % | 5.4% | -41.93% | 20.83% | 18.47% | 18.65% | 56.4% | -13.44% | -12% | -13.83% | 19.02% | 26.59% | 54.55% | 31.81% | 30.86% | 35.42% | -1.76% | 7.45% | 10.86% | -37.81% | -32.19% |
| Operating Expenses | 295.47M | 278M | 271M | 311M | 324M | 319M | 307M | 317M | 336M | 403M | 398M | 401M | 435M | 361M | 306M | 298M | 303M | 247M | 253M | 251M |
| OpEx % of Revenue | 4.1% | 4.02% | 4.05% | 4.61% | 4.36% | 3.46% | 2.57% | 2.64% | 2.51% | 2.8% | 2.95% | 2.91% | 2.97% | 2.45% | 2.09% | 2.22% | 2.25% | 2.05% | 2.25% | 2.55% |
| Selling, General & Admin | 295.47M | 278M | 271M | 311M | 324M | 319M | 307M | 317M | 336M | 403M | 398M | 401M | 435M | 361M | 306M | 298M | 303M | 247M | 253M | 251M |
| SG&A % of Revenue | 4.1% | 4.02% | 4.05% | 4.61% | 4.36% | 3.46% | 2.57% | 2.64% | 2.51% | 2.8% | 2.95% | 2.91% | 2.97% | 2.45% | 2.09% | 2.22% | 2.25% | 2.05% | 2.25% | 2.55% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.2B | 978M | 959M | 1.04B | 1.09B | 1.84B | 711M | 820M | 860M | 980M | 778M | 891M | 953M | 801M | 623M | 538M | 750M | 641M | 433M | 600M |
| Operating Margin % | 16.66% | 14.13% | 14.32% | 15.35% | 14.74% | 19.97% | 5.95% | 6.82% | 6.42% | 6.81% | 5.76% | 6.48% | 6.51% | 5.44% | 4.27% | 4.01% | 5.56% | 5.32% | 3.85% | 6.1% |
| Operating Income Growth % | 9.6% | -46.96% | 34.88% | 26.34% | 27.33% | 88.16% | -8.61% | -7.97% | -9.76% | 22.35% | 24.88% | 65.61% | 27.07% | 24.96% | 43.88% | -10.33% | 9.49% | 13.45% | -50.51% | -40.65% |
| EBITDA | 1.97B | 1.75B | 1.73B | 1.04B | 1.87B | 2.65B | 1.52B | 1.63B | 1.75B | 980M | 1.69B | 1.79B | 1.08B | 1.71B | 1.4B | 1.23B | 878M | 1.2B | 986M | 1.14B |
| EBITDA Margin % | 27.39% | 25.22% | 25.78% | 15.35% | 25.23% | 28.73% | 12.72% | 13.55% | 13.06% | 6.81% | 12.48% | 13.02% | 7.39% | 11.64% | 9.58% | 9.18% | 6.51% | 9.94% | 8.78% | 11.62% |
| EBITDA Growth % | 5.28% | -34.2% | 13.55% | -36.36% | 7.02% | 170.61% | -9.79% | -9.1% | 61.83% | -42.76% | 20.44% | 45.37% | 23.23% | 43.02% | 41.89% | 7.88% | 24.36% | 7.64% | -29.97% | -26.27% |
| D&A (Non-Cash Add-back) | 772.7M | 767M | 767M | 0 | 779M | 808M | 809M | 808M | 891M | 0 | 907M | 900M | 129M | 911M | 776M | 694M | 128M | 556M | 553M | 542M |
| EBIT | 955.46M | 686.31M | 959M | 1.04B | 1.09B | 1.84B | 711M | 820M | 860M | 980M | 778M | 891M | 953M | 801M | 623M | 538M | 750M | 641M | 433M | 600M |
| Net Interest Income | -796.05M | -775.31M | -814.2M | -770M | -752M | -778M | 0 | 0 | -858M | -929.05M | -944.3M | -865.07M | -806.22M | -676.72M | 0 | -460M | 0 | 0 | 0 | -348M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.71M | 0 | 0 | 0 | 0 | 0 | 0 | 5.65M | 0 | 0 | 0 | 2.6M |
| Interest Expense | 796.05M | 775.31M | 814.2M | 770M | 752M | 778M | 0 | 0 | 881.71M | 929.05M | 944.3M | 865.07M | 806.22M | 676.72M | 0 | 465.65M | 0 | 0 | 0 | 350.6M |
| Other Income/Expense | -1.02B | -1.07B | -889M | -647M | -2.07B | -413M | -763M | -632M | 2.54B | -1.01B | -686M | -630M | -908M | -830M | -31M | -509M | -616M | -329M | -425M | 1.33B |
| Pretax Income | 178.71M | -89M | 70M | 389M | -973M | 1.43B | -52M | 188M | 3.4B | -34M | 92M | 261M | 45M | -29M | 592M | 29M | 134M | 312M | 8M | 1.93B |
| Pretax Margin % | 2.48% | -1.29% | 1.05% | 5.76% | -13.1% | 15.5% | -0.44% | 1.56% | 25.39% | -0.24% | 0.68% | 1.9% | 0.31% | -0.2% | 4.05% | 0.22% | 0.99% | 2.59% | 0.07% | 19.6% |
| Income Tax | 58.89M | 33M | -65M | 133M | 135M | -304M | -117M | -15M | -81M | -83M | 51M | 58M | 10M | 36M | 312M | 39M | 19M | 12M | 37M | 159M |
| Effective Tax Rate % | 32.95% | -37.08% | -92.86% | 34.19% | -13.87% | -21.24% | 225% | -7.98% | -2.38% | 244.12% | 55.43% | 22.22% | 22.22% | -124.14% | 52.7% | 134.48% | 14.18% | 3.85% | 462.5% | 8.26% |
| Net Income | -42.65M | -25M | 11M | 43M | -137M | 116M | 6M | 30M | 505M | 7M | -16M | 25M | -5M | -14M | 47M | 8M | -19M | 46M | -50M | 281M |
| Net Margin % | -0.59% | -0.36% | 0.16% | 0.64% | -1.84% | 1.26% | 0.05% | 0.25% | 3.77% | 0.05% | -0.12% | 0.18% | -0.03% | -0.1% | 0.32% | 0.06% | -0.14% | 0.38% | -0.45% | 2.86% |
| Net Income Growth % | 68.87% | -121.55% | 83.33% | 43.33% | -127.13% | 1557.14% | 137.5% | 20% | 10200% | 150% | -134.04% | 212.5% | 73.68% | -130.43% | 194% | -97.15% | -142.22% | 560% | 15.25% | 519.4% |
| Net Income (Continuing) | 119.81M | -122M | 135M | 256M | -1.11B | 1.74B | 65M | 203M | 3.48B | 49M | 41M | 203M | 35M | -65M | 280M | -10M | 115M | 300M | -29M | 1.77B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 12.99B | 13.17B | 13.03B | 12.7B | 15.56B | 17.38B | 16.34B | 16.51B | 16.54B | 17.06B | 17.41B | 17.36B | 17.01B | 14.69B | 12.63B | 11.53B | 10.73B | 8.9B | 8.97B | 10.66B |
| EPS (Diluted) | -0.48 | -0.31 | 0.14 | 0.38 | -2.02 | 1.39 | -0.09 | 0.23 | 6.73 | 0.09 | 0.55 | 2.72 | 1.15 | -0.59 | 3.90 | 0.25 | -0.13 | 0.59 | -0.64 | 3.57 |
| EPS Growth % | 76.24% | -122.3% | 248.62% | 65.22% | -130.01% | 1381.88% | -117.13% | -91.54% | 485.22% | 115.9% | -85.9% | 988% | 984.62% | -200% | 709.38% | -93% | -143.33% | 591.67% | 12.33% | 530.12% |
| EPS (Basic) | -0.48 | -0.31 | 0.14 | 0.38 | -2.02 | 1.39 | -0.09 | 0.23 | 6.73 | 0.09 | 0.55 | 2.72 | 1.15 | -0.59 | 3.90 | 0.25 | -0.25 | 0.59 | -0.64 | 3.57 |
| Diluted Shares Outstanding | 88.3M | 80M | 80M | 80M | 74.28M | 74.28M | 74.28M | 74.3M | 74.5M | 74.6M | 74.6M | 74.6M | 74.61M | 74.6M | 75.3M | 76.7M | 78.3M | 78.3M | 78.6M | 78.8M |
| Basic Shares Outstanding | 88.3M | 80M | 80M | 80M | 74.28M | 74.28M | 74.28M | 74.3M | 74.5M | 74.6M | 74.6M | 74.6M | 74.61M | 74.6M | 75.3M | 76.7M | 76M | 78.3M | 78.6M | 78.8M |
| Dividend Payout Ratio | - | - | 127.59% | 30.14% | - | 12.45% | 220.49% | - | 2.93% | 200% | - | - | - | - | 48.94% | 62.5% | - | 19.57% | - | 3.2% |