Stocks/BBUC

BBUC

Brookfield Business Corporation
Financial Services·Asset Management
$32.83
$2.3B market cap
Revenue
$13.4B
Free Cash Flow
$287.0M
Rev Growth
+0.0%
FCF Margin
2.1%
P/FCF
7.9x
EV/FCF
104.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Brookfield Business Corporation focuses on healthcare, construction, and wastewater services in the United States, Europe, Australia, the United Kingdom, Canada, and Brazil. It operates through three segments: Business Services, Infrastructure Services, and Industrials. The company operates 42 hospitals; offers construction services for office, residential, hospitality and leisure, social infrastructure, retail, and mixed-use properties; and provides nuclear technology services, such as fuel, ma

2-Year Price History

$33.65+73.7%
$20$25$30$35volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q16,3471,000.01,000.039.5765.0244.4-489.017,91345,60270.07.2%1.3x--
Act2025-Q47,0941,9431,182-29.0632.042.6-554.0790.07,95170.056.5%9.9x--

Valuation & Metrics

Market Stats

Price$32.83
Market Cap$2.3B
Enterprise Value$30.0B
P/S Ratio0.2x
P/FCF7.9x
EV/FCF104.4x
FCF Margin (TTM)2.1%
FCF Yield12.7%
Dividend Yield (TTM)1.0%
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$13.4B
Net Income$10.4M
Free Cash Flow$287.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin21.9%
Net Margin0.1%
FCF Margin2.1%
CapEx % of Revenue7.8%
SBC % of Revenue0.0%
ROIC31.9%
WC Change % Rev57.6%
Interest Coverage3.1x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.9M
Days to Cover3.9
Change (vs Prior)-24.6%
Need at least 2 settlement dates for chart

Employees

Headcount25,000
Revenue / Employee$537,634
Gross Profit / Employee$110,594

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · —still filing
No float data — flow unavailable.

Ownership composition

Active
1.3%(-68.2% YoY)
6 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(-3.1% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.2% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
PRIVATE MANAGEMENT GROUP INC$29.1M$19.95−$3.3M−$11.4M-0.5%$3.47B
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC$876K$35.81−$351K+$876K-0.0%$25.38B
SIGNATUREFD, LLC$72K$24.39−$23K−$33K-1.1%$6.52B
Investment Research & Advisory Group, Inc.$1K$27.15+$0+$0-0.6%$284M
IFP Advisors, Inc$0$33.52+$0+$0-0.0%$4.82B
Rockefeller Capital Management L.P.$0$31.64+$0+$0-0.1%$56.28B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.50%
avg per quarter
Holders (ex-self)
-0.51%
excl. this stock
Buyers (this Q)
-0.50%
2 buyers · $0.00B in
Sellers (this Q)
-0.47%
3 sellers · $0.01B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-7.6%
how holders react when this stock falls
On quiet Qs
-7.0%
−10% to +10% baseline
On rallies (+10%+)
-20.4%
how they react when this stock rises
Holders' portfolio flow this Q
-0.2%
outflows — trims may be forced
Sellers' portfolio flow this Q
-0.7%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+7.1%
Holder mid (any stock)
-2.9%
Holder rally (any stock)
-5.9%

Biggest decreases this quarter

BROOKFIELD ASSET MANAGEMENT INC.exited−$1.70BOMERS ADMINISTRATION Corpexited−$216MBlackRock, Inc.exited−$107MPartners Value Investments LPexited−$27.2MROYAL BANK OF CANADAexited−$15.8MSTATE STREET CORPexited−$13.8MBeutel, Goodman & Co Ltd.exited−$11.8MBANK OF MONTREAL /CAN/exited−$11.0MGEODE CAPITAL MANAGEMENT, LLCexited−$10.7MMILLENNIUM MANAGEMENT LLCexited−$10.6M

New buyers this quarter

Rockefeller Capital Management L.P.+$0.00Bα-0.1

Top-5 holders · 100.0%

PRIVATE MANAGEMENT GROUP INC--
LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC--
SIGNATUREFD, LLC--
Investment Research & Advisory Group, Inc.--
IFP Advisors, Inc--

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

015.4M30.9M46.3M61.7M$18$22$27$31$362022-032022-122023-092024-062025-032025-122026-03
hover the chart for per-quarter detailprice (right axis)
BROOKFIELD ASSET MANAGEMENT INC.—OMERS ADMINISTRATION Corp—ROYAL BANK OF CANADA—CIBC Asset Management Inc—PRIVATE MANAGEMENT GROUP INC921KCI INVESTMENTS INC.—TD Waterhouse Canada Inc.—Partners Value Investments LP—1832 Asset Management L.P.—Beutel, Goodman & Co Ltd.—

Analyst Coverage

Analyst Coverage
Price Targets
Last Quarter (2 analysts)$40.752410.0%
Last Year (2 analysts)$40.752410.0%
Current Price$32.83
Analyst Ratings
2
Buy: 2Consensus: Buy

Corporate

Order Flow (FINRA, ~3w lag)

16.4%retail+3.1pp
27.6%dark+3.3pp
week of 2026-04-13
5%10%15%20%25%30%35%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Brookfield Business Corporation: A Labyrinth of Intercompany Debt and Accounting Engineering

Overall Risk
7/10
Fraud
3/10
Dilution
4/10
Insolvency
6/10
Earnings Overstated
5/10
Hidden Liabilities
8/10
Legal
5/10
Audit Warnings
2/10
Hidden Upside
4/10
Contextually Acceptable
6/10