In This Article:
Brookfield (TSE:BN) Full Year 2024 Results
Key Financial Results
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Revenue: US$88.7b (down 9.4% from FY 2023).
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Net income: US$473.0m (down 51% from FY 2023).
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Profit margin: 0.5% (down from 1.0% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$0.31 (down from US$0.62 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Brookfield Earnings Insights
The primary driver behind last 12 months revenue was the Private Equity segment contributing a total revenue of US$41.4b (47% of total revenue). Notably, cost of sales worth US$64.2b amounted to 72% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$20.3b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BN's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to fall by 85% p.a. on average during the next 3 years compared to a 15% decline forecast for the Capital Markets industry in Canada.
Performance of the Canadian Capital Markets industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Brookfield (2 are concerning!) that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.