BBU vs. BN

Last updated Apr 1, 2026

Compare and contrast key facts about Brookfield Business Partners LP (BBU) and Brookfield Corp (BN).

Performance

BBU vs. BN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Business Partners LP (BBU) and Brookfield Corp (BN). The values are adjusted to include any dividend payments, if applicable.

BBU vs. BN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBU Brookfield Business Partners LP	-10.44%	51.69%	15.15%	23.17%	-8.39%	23.39%	-8.42%	36.77%	-11.39%	44.75%
BN Brookfield Corp	-11.65%	20.54%	44.18%	28.60%	-34.80%	49.30%	8.99%	52.68%	-10.65%	33.82%

Fundamentals

Market Cap BBU : $2.78B BN : $95.79B
EPS BBU : -$0.16 BN : $0.55
PS Ratio BBU : 0.09 BN : 1.26
PB Ratio BBU : 1.21 BN : 2.19
Total Revenue (TTM) BBU : $27.57B BN : $76.13B
Gross Profit (TTM) BBU : $5.33B BN : $29.53B
EBITDA (TTM) BBU : $5.94B BN : $32.77B

Returns By Period

In the year-to-date period, BBU achieves a -10.44% return, which is significantly higher than BN's -11.65% return.

BBU

• 1D: 0.00%
• 1M: -7.49%
• YTD: -10.44%
• 6M: -3.14%
• 1Y: 35.28%
• 3Y*: 20.48%
• 5Y*: 14.84%
• 10Y*: —

BN

• 1D: 4.52%
• 1M: -7.52%
• YTD: -11.65%
• 6M: -11.21%
• 1Y: 16.52%
• 3Y*: 23.90%
• 5Y*: 12.06%
• 10Y*: 13.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BBU vs. BN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBU

BBU Risk / Return Rank: 69
BBU Sharpe Ratio Rank: 70
BBU Sortino Ratio Rank: 65
BBU Omega Ratio Rank: 64
BBU Calmar Ratio Rank: 71
BBU Martin Ratio Rank: 74

BN

BN Risk / Return Rank: 59
BN Sharpe Ratio Rank: 60
BN Sortino Ratio Rank: 53
BN Omega Ratio Rank: 54
BN Calmar Ratio Rank: 61
BN Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBU vs. BN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Business Partners LP (BBU) and Brookfield Corp (BN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBU	BN	Difference
Sharpe ratio Return per unit of total volatility	0.85	0.50	+0.36
Sortino ratio Return per unit of downside risk	1.42	0.89	+0.53
Omega ratio Gain probability vs. loss probability	1.18	1.12	+0.06
Calmar ratio Return relative to maximum drawdown	1.53	0.81	+0.72
Martin ratio Return relative to average drawdown	4.36	2.40	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBU vs. BN - Sharpe Ratio Comparison

The current BBU Sharpe Ratio is 0.85, which is higher than the BN Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of BBU and BN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBU	BN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.50	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.39	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.30	-0.04

Correlation

The correlation between BBU and BN is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BBU vs. BN - Dividend Comparison

BBU's dividend yield for the trailing twelve months is around 0.79%, more than BN's 0.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBU Brookfield Business Partners LP	0.79%	0.71%	1.07%	1.21%	87.16%	0.54%	0.67%	0.61%	0.82%	0.72%	0.55%	0.00%
BN Brookfield Corp	0.62%	0.52%	0.56%	0.70%	1.44%	1.12%	1.55%	1.11%	1.56%	1.29%	1.58%	1.50%

Drawdowns

BBU vs. BN - Drawdown Comparison

The maximum BBU drawdown since its inception was -59.11%, smaller than the maximum BN drawdown of -82.22%. Use the drawdown chart below to compare losses from any high point for BBU and BN.

Drawdown Indicators

	BBU	BN	Difference
Max Drawdown Largest peak-to-trough decline	-59.11%	-82.22%	+23.11%
Max Drawdown (1Y) Largest decline over 1 year	-21.72%	-22.05%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-59.03%	-41.85%	-17.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.42%	—
Current Drawdown Current decline from peak	-15.18%	-17.55%	+2.37%
Average Drawdown Average peak-to-trough decline	-19.90%	-28.61%	+8.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.63%	7.40%	+0.23%

Volatility

BBU vs. BN - Volatility Comparison

Brookfield Business Partners LP (BBU) has a higher volatility of 12.78% compared to Brookfield Corp (BN) at 9.96%. This indicates that BBU's price experiences larger fluctuations and is considered to be riskier than BN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBU	BN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.78%	9.96%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	27.65%	21.50%	+6.15%
Volatility (1Y) Calculated over the trailing 1-year period	41.64%	33.43%	+8.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.34%	30.94%	+18.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.94%	30.06%	+14.88%

Financials

BBU vs. BN - Profitability Comparison

The chart below illustrates the profitability comparison between Brookfield Business Partners LP and Brookfield Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brookfield Business Partners LP reported a gross profit of 1.50B and revenue of 7.20B. Therefore, the gross margin over that period was 20.8%.

BN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Brookfield Corp reported a gross profit of 8.91B and revenue of 21.18B. Therefore, the gross margin over that period was 42.1%.

BBU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brookfield Business Partners LP reported an operating income of 1.20B and revenue of 7.20B, resulting in an operating margin of 16.7%.

BN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Brookfield Corp reported an operating income of 8.89B and revenue of 21.18B, resulting in an operating margin of 41.9%.

BBU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brookfield Business Partners LP reported a net income of -42.65M and revenue of 7.20B, resulting in a net margin of -0.6%.

BN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Brookfield Corp reported a net income of 743.00M and revenue of 21.18B, resulting in a net margin of 3.5%.