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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and Brookfield Asset Management Ltd. (BAM). Click either name above to swap in a different company.

Brookfield Asset Management Ltd. is the larger business by last-quarter revenue ($1.1B vs $86.6M, roughly 12.5× AlTi Global, Inc.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -15.1%, a 71.8% gap on every dollar of revenue.

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation, and manages investments across real estate, infrastructure, renewable energy, private equity, and credit markets globally.

ALTI vs BAM — Head-to-Head

Bigger by revenue
BAM
BAM
12.5× larger
BAM
$1.1B
$86.6M
ALTI
Higher net margin
BAM
BAM
71.8% more per $
BAM
56.7%
-15.1%
ALTI

Income Statement — Q4 2025 vs Q4 2025

Metric
ALTI
ALTI
BAM
BAM
Revenue
$86.6M
$1.1B
Net Profit
$-13.1M
$615.0M
Gross Margin
Operating Margin
-2.1%
84.2%
Net Margin
-15.1%
56.7%
Revenue YoY
87.0%
Net Profit YoY
75.6%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALTI
ALTI
BAM
BAM
Q4 25
$86.6M
$1.1B
Q3 25
$57.2M
$974.0M
Q2 25
$53.1M
$931.0M
Q1 25
$58.0M
$954.0M
Q4 24
$46.3M
Q3 24
$51.8M
$873.0M
Q2 24
$49.5M
$821.0M
Q1 24
$50.8M
$786.0M
Net Profit
ALTI
ALTI
BAM
BAM
Q4 25
$-13.1M
$615.0M
Q3 25
$-84.1M
$692.0M
Q2 25
$-24.4M
$584.0M
Q1 25
$1.9M
$507.0M
Q4 24
$-53.8M
Q3 24
$-72.5M
$537.0M
Q2 24
$-6.4M
$124.0M
Q1 24
$29.7M
$373.0M
Operating Margin
ALTI
ALTI
BAM
BAM
Q4 25
-2.1%
84.2%
Q3 25
-49.8%
79.1%
Q2 25
-56.7%
70.8%
Q1 25
-23.3%
61.0%
Q4 24
-42.7%
Q3 24
-18.4%
72.5%
Q2 24
-30.2%
80.4%
Q1 24
-28.9%
56.5%
Net Margin
ALTI
ALTI
BAM
BAM
Q4 25
-15.1%
56.7%
Q3 25
-147.0%
71.0%
Q2 25
-45.9%
62.7%
Q1 25
3.3%
53.1%
Q4 24
-116.1%
Q3 24
-140.0%
61.5%
Q2 24
-12.9%
15.1%
Q1 24
58.4%
47.5%
EPS (diluted)
ALTI
ALTI
BAM
BAM
Q4 25
Q3 25
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$-0.71
Q3 24
$-0.88
Q2 24
$-0.18
Q1 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALTI
ALTI
BAM
BAM
Cash + ST InvestmentsLiquidity on hand
$41.2M
$1.6B
Total DebtLower is stronger
$883.0K
Stockholders' EquityBook value
$600.1M
$8.9B
Total Assets
$1.2B
$17.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
BAM
BAM
Q4 25
$41.2M
$1.6B
Q3 25
$35.8M
$1.1B
Q2 25
$42.4M
$480.0M
Q1 25
$52.8M
$332.0M
Q4 24
$64.4M
Q3 24
$220.6M
Q2 24
$60.0M
$10.0M
Q1 24
$134.2M
Total Debt
ALTI
ALTI
BAM
BAM
Q4 25
$883.0K
Q3 25
$586.0K
Q2 25
$673.0K
Q1 25
Q4 24
$0
Q3 24
$128.4M
Q2 24
$164.0M
Q1 24
$183.7M
Stockholders' Equity
ALTI
ALTI
BAM
BAM
Q4 25
$600.1M
$8.9B
Q3 25
$607.2M
$8.5B
Q2 25
$685.4M
$8.5B
Q1 25
$665.2M
$8.5B
Q4 24
$658.4M
Q3 24
$707.0M
$9.0B
Q2 24
$540.2M
$3.2B
Q1 24
$510.9M
$2.2B
Total Assets
ALTI
ALTI
BAM
BAM
Q4 25
$1.2B
$17.0B
Q3 25
$1.2B
$16.5B
Q2 25
$1.2B
$16.1B
Q1 25
$1.2B
$15.0B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.3B
$4.2B
Q1 24
$1.3B
Debt / Equity
ALTI
ALTI
BAM
BAM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q4 24
0.00×
Q3 24
0.18×
Q2 24
0.30×
Q1 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALTI
ALTI
BAM
BAM
Operating Cash FlowLast quarter
$562.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
BAM
BAM
Q4 25
$562.0M
Q3 25
$745.0M
Q2 25
$-19.9M
$529.0M
Q1 25
$-30.2M
$265.0M
Q4 24
$-56.0K
Q3 24
$-4.9M
$567.0M
Q2 24
$-30.2M
$159.0M
Q1 24
$-15.5M
$516.0M
Free Cash Flow
ALTI
ALTI
BAM
BAM
Q4 25
Q3 25
Q2 25
$-20.0M
Q1 25
$-31.0M
Q4 24
$-1.8M
Q3 24
$-9.4M
Q2 24
$-31.2M
Q1 24
$-15.7M
FCF Margin
ALTI
ALTI
BAM
BAM
Q4 25
Q3 25
Q2 25
-37.6%
Q1 25
-53.4%
Q4 24
-4.0%
Q3 24
-18.2%
Q2 24
-63.2%
Q1 24
-30.9%
Capex Intensity
ALTI
ALTI
BAM
BAM
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.3%
Q4 24
3.9%
Q3 24
8.7%
Q2 24
2.2%
Q1 24
0.4%
Cash Conversion
ALTI
ALTI
BAM
BAM
Q4 25
0.91×
Q3 25
1.08×
Q2 25
0.91×
Q1 25
-15.80×
0.52×
Q4 24
Q3 24
1.06×
Q2 24
1.28×
Q1 24
-0.52×
1.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

BAM
BAM

Incentive Fees$452.0M42%
Infrastruture$332.0M31%
Private Equity$174.0M16%
Renewable Power And Transition$66.0M6%
Other$47.0M4%
Management And Advisory Fees$14.0M1%

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