Brookfield

BN

Market cap $98.4B

Nvidia has invested in Brookfield's first AI infrastructure fund. Brookfield also launched a new cloud services company that's building with Nvidia's designs.

Brookfield Corporation has delivered a 19% annual return over the last three decades. The global investment firm's long-term target is to deliver an annual return of more than 15% to its shareholders.

Brookfield invests a majority of its free cash flow in investments and the acquisition of new operating businesses. Trading for about $45 per share, the company's underlying value could be closer to $75.

Brookfield Corporation is misunderstood due to its complexity, creating a 'complexity discount' and an attractive entry point for informed investors. BN trades at an 18.9x DE multiple, not the headline 98x P/E, with distributable earnings compounding at 16% annually and a 15% future growth target. A sum-of-the-parts valuation estimates intrinsic value at $63 per share, 31% above the current price, supporting a Strong Buy rating.

Brookfield Corporation remains a strong buy, offering real asset exposure, resilient compounding prospects, and attractive valuation amid broader market risks. Q4 results were solid but unspectacular, with distributable earnings up 10% YoY in 2025; Asset Management and Wealth Solutions outperformed, while real estate lagged. Strategic partnerships in AI infrastructure and long-term power contracts, plus international expansion in pensions and insurance, underpin BN's long-term growth thesis.

Brookfield Corporation is transitioning from pure asset management to an insurance-centric business, accelerating with the planned 2026 reintegration of Brookfield Wealth Solutions. BN's insurance business is driving rapid earnings growth—DE up 24%—but introduces long-tail liability risks and potential for future earnings volatility. Despite double-digit projected growth, BN trades at a premium to both asset management and insurance peers, with valuation at risk of compression as insurance dominates earnings.

Brookfield Corporation delivered strong earnings growth and shareholder returns in 2025. The company is benefitting from its thematic investment approach.

Brookfield Corporation (BN:CA) Q4 2025 Earnings Call Transcript

Quarterly Dividend Raised by 17% Over $1 Billion Shares Repurchased in 2025 BROOKFIELD, NEWS, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the year ended December 31, 2025. Nick Goodman, President of Brookfield Corporation, said, “We delivered strong financial results in 2025, supported by our asset management business recording $112 billion of inflows, the continued growth of our wealth solutions business, and our operating businesses generating resilient and growing cash flows.

The Portfolio returned -1.3% gross and -1.5% net compared to the 1.2% return of the Russell 2000 Growth Index. Bloom Energy announced better than expected results with added optimism from a $5B partnership with Brookfield as the preferred onsite power provider. GeneDx delivered better-than-expected results—including raised full-year guidance—driven by a significant year-over-year increase in high value testing volumes.