BBU Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	27,457	40,620	55,068	57,385	46,587
Revenue Growth (YoY)	-32.41%	-26.24%	-4.04%	23.18%	23.79%
Cost of Revenue	22,151	34,840	49,966	53,110	43,151
Gross Profit	5,306	5,780	5,102	4,275	3,436
Selling, General & Admin	1,151	1,310	1,593	1,360	1,012
Operating Expenses	1,151	1,310	1,593	1,360	1,012
Operating Income	4,155	4,470	3,509	2,915	2,424
Interest Expense	-3,139	-3,104	-3,596	-2,538	-1,468
Earnings From Equity Investments	42	90	132	165	13
Other Non Operating Income (Expenses)	-745	-133	-15	-252	234
EBT Excluding Unusual Items	313	1,323	30	290	1,203
Merger & Restructuring Charges	-44	-35	-116	-146	-60
Impairment of Goodwill	-	-793	-605	-	-
Gain (Loss) on Sale of Investments	-	-	-247	-	-
Gain (Loss) on Sale of Assets	561	800	4,686	64	1,823
Asset Writedown	37	-188	-226	9	-440
Legal Settlements	-	-407	-	-	-
Other Unusual Items	-387	-106	200	-296	-208
Pretax Income	480	594	3,722	-79	2,318
Income Tax Expense	93	-301	-55	-319	165
Earnings From Continuing Operations	387	895	3,777	240	2,153
Minority Interest in Earnings	-413	-932	-3,295	-204	-1,895
Net Income	-26	-37	482	36	258
Net Income to Common	-26	-37	482	36	258
Net Income Growth	-	-	1238.89%	-86.05%	-
Shares Outstanding (Basic)	210	217	217	217	148
Shares Outstanding (Diluted)	210	217	217	217	148
Shares Change (YoY)	-3.07%	-	-0.15%	46.81%	-1.27%
EPS (Basic)	-0.12	-0.17	2.22	0.17	1.74
EPS (Diluted)	-0.12	-0.17	2.22	0.17	1.74
EPS Growth	-	-	1240.94%	-90.50%	-
Free Cash Flow	-	761	-158	-737	243
Free Cash Flow Per Share	-	3.51	-0.73	-3.39	1.64
Dividend Per Share	0.250	0.250	0.250	0.250	0.250
Gross Margin	19.32%	14.23%	9.26%	7.45%	7.38%
Operating Margin	15.13%	11.00%	6.37%	5.08%	5.20%
Profit Margin	-0.10%	-0.09%	0.88%	0.06%	0.55%
Free Cash Flow Margin	-	1.87%	-0.29%	-1.28%	0.52%
EBITDA	7,180	7,024	6,292	6,138	4,707
EBITDA Margin	26.15%	17.29%	11.43%	10.70%	10.10%
D&A For EBITDA	3,025	2,554	2,783	3,223	2,283
EBIT	4,155	4,470	3,509	2,915	2,424
EBIT Margin	15.13%	11.00%	6.37%	5.08%	5.20%
Effective Tax Rate	19.38%	-	-	-	7.12%

Updated Jan 30, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q