Brookfield Business Partners L.P. (BBU-UN) - Net Assets

Latest as of December 2025: CA$15.28 Billion CAD ≈ $11.06 Billion USD

Based on the latest financial reports, Brookfield Business Partners L.P. (BBU-UN) has net assets worth CA$15.28 Billion CAD (≈ $11.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$75.62 Billion ≈ $54.70 Billion USD) and total liabilities (CA$60.34 Billion ≈ $43.65 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore BBU-UN cash flow metrics to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$15.28 Billion
% of Total Assets	20.21%
Annual Growth Rate	17.39%
5-Year Change	17.72%
10-Year Change	278.48%
Growth Volatility	25.5

Brookfield Business Partners L.P. - Net Assets Trend (2013–2025)

This chart illustrates how Brookfield Business Partners L.P.'s net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see how much is Brookfield Business Partners L.P. worth.

Annual Net Assets for Brookfield Business Partners L.P. (2013–2025)

The table below shows the annual net assets of Brookfield Business Partners L.P. from 2013 to 2025. Read Brookfield Business Partners L.P. total liabilities for a breakdown of total debt and financial obligations.

Year	Net Assets	Change
2025-12-31	CA$15.28 Billion ≈ $11.06 Billion	-11.70%
2024-12-31	CA$17.31 Billion ≈ $12.52 Billion	-6.12%
2023-12-31	CA$18.44 Billion ≈ $13.34 Billion	+0.09%
2022-12-31	CA$18.42 Billion ≈ $13.33 Billion	+41.89%
2021-12-31	CA$12.98 Billion ≈ $9.39 Billion	+14.51%
2020-12-31	CA$11.34 Billion ≈ $8.20 Billion	+2.57%
2019-12-31	CA$11.05 Billion ≈ $8.00 Billion	+70.20%
2018-12-31	CA$6.49 Billion ≈ $4.70 Billion	+7.09%
2017-12-31	CA$6.06 Billion ≈ $4.39 Billion	+50.17%
2016-12-31	CA$4.04 Billion ≈ $2.92 Billion	+30.93%
2015-12-31	CA$3.08 Billion ≈ $2.23 Billion	+44.45%
2014-12-31	CA$2.13 Billion ≈ $1.54 Billion	-4.30%
2013-12-31	CA$2.23 Billion ≈ $1.61 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Brookfield Business Partners L.P.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$2.29 Billion	100.00%
Total Equity	CA$2.29 Billion	100.00%

Brookfield Business Partners L.P. Competitors by Market Cap

The table below lists competitors of Brookfield Business Partners L.P. ranked by their market capitalization.

Company	Market Cap
Browave TWO:3163	$2.93 Billion
MGE Energy Inc NASDAQ:MGEE	$2.93 Billion
Energi Mega Persada Tbk JK:ENRG	$2.93 Billion
Tibet Mineral Development Co Ltd SHE:000762	$2.93 Billion
Eclat Textile Co Ltd TW:1476	$2.93 Billion
Himadri Speciality Chemical Limited NSE:HSCL	$2.93 Billion
Shanghai DZH Ltd SHG:601519	$2.93 Billion
Concentra Group Holdings Parent, Inc. NYSE:CON	$2.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Brookfield Business Partners L.P.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,752,000,000 to 2,289,825,000, a change of 537,825,000 (30.7%).
Net loss of 26,455,143 reduced equity.
Other comprehensive income increased equity by 848,000,000.
Other factors decreased equity by 283,719,857.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-26.46 Million	-1.16%
Other Comprehensive Income	CA$848.00 Million	+37.03%
Other Changes	CA$-283.72 Million	-12.39%
Total Change	CA$-	30.70%

Book Value vs Market Value Analysis

This analysis compares Brookfield Business Partners L.P.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.72x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 1.22x to 1.72x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	CA$37.52	CA$45.65	x
2014-12-31	CA$34.09	CA$45.65	x
2015-12-31	CA$30.29	CA$45.65	x
2016-12-31	CA$24.12	CA$45.65	x
2017-12-31	CA$28.42	CA$45.65	x
2018-12-31	CA$50.22	CA$45.65	x
2019-12-31	CA$28.75	CA$45.65	x
2020-12-31	CA$24.04	CA$45.65	x
2021-12-31	CA$28.72	CA$45.65	x
2022-12-31	CA$18.69	CA$45.65	x
2023-12-31	CA$25.49	CA$45.65	x
2024-12-31	CA$23.58	CA$45.65	x
2025-12-31	CA$26.47	CA$45.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Brookfield Business Partners L.P. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -1.16%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.09%
• Asset Turnover: 0.37x
• Equity Multiplier: 33.03x
Recent ROE (-1.16%) is below the historical average (3.83%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	11.14%	3.77%	1.16x	2.55x	CA$18.90 Million
2014	0.07%	0.02%	1.05x	2.94x	CA$-149.00 Million
2015	2.46%	0.65%	0.88x	4.27x	CA$-134.70 Million
2016	0.25%	0.04%	0.97x	6.79x	CA$-117.60 Million
2017	-3.66%	-0.25%	1.44x	9.97x	CA$-216.50 Million
2018	1.14%	0.20%	1.36x	4.21x	CA$-575.40 Million
2019	2.03%	0.10%	0.83x	24.46x	CA$-168.60 Million
2020	-4.72%	-0.24%	0.69x	28.40x	CA$-283.80 Million
2021	11.47%	0.55%	0.73x	28.52x	CA$33.10 Million
2022	4.48%	0.11%	0.64x	63.39x	CA$-77.74 Million
2023	25.38%	0.91%	0.65x	43.16x	CA$292.08 Million
2024	0.86%	0.04%	0.54x	43.08x	CA$-160.20 Million
2025	-1.16%	-0.09%	0.37x	33.03x	CA$-255.44 Million

Industry Comparison

This section compares Brookfield Business Partners L.P.'s net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $280,312
Average return on equity (ROE) among peers: 0.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Brookfield Business Partners L.P. (BBU-UN)	CA$15.28 Billion	11.14%	3.95x	$2.93 Billion
Decisive Dividend Corp (DE)	$280.31K	0.00%	0.02x	$129.77 Million

About Brookfield Business Partners L.P.

TO:BBU-UN Canada Conglomerates

Market Cap

$2.93 Billion

CA$4.05 Billion CAD

Market Cap Rank

#4996 Global

#169 in Canada

Share Price

CA$45.65

Change (1 day)

-0.52%

52-Week Range

CA$29.22 - CA$50.82

All Time High

CA$80.98