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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and BELDEN INC. (BDC). 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 $696.4M, roughly 1.6× BELDEN INC.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 7.3%, a 49.4% gap on every dollar of revenue.

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.

Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.

BAM vs BDC — Head-to-Head

Bigger by revenue
BAM
BAM
1.6× larger
BAM
$1.1B
$696.4M
BDC
Higher net margin
BAM
BAM
49.4% more per $
BAM
56.7%
7.3%
BDC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BAM
BAM
BDC
BDC
Revenue
$1.1B
$696.4M
Net Profit
$615.0M
$51.0M
Gross Margin
37.1%
Operating Margin
84.2%
11.2%
Net Margin
56.7%
7.3%
Revenue YoY
11.4%
Net Profit YoY
-1.8%
EPS (diluted)
$1.30

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
BAM
BAM
BDC
BDC
Q1 26
$696.4M
Q4 25
$1.1B
$720.1M
Q3 25
$974.0M
$698.2M
Q2 25
$931.0M
$672.0M
Q1 25
$954.0M
$624.9M
Q4 24
$666.0M
Q3 24
$873.0M
$654.9M
Q2 24
$821.0M
$604.3M
Net Profit
BAM
BAM
BDC
BDC
Q1 26
$51.0M
Q4 25
$615.0M
$67.9M
Q3 25
$692.0M
$56.7M
Q2 25
$584.0M
$61.0M
Q1 25
$507.0M
$51.9M
Q4 24
$58.4M
Q3 24
$537.0M
$53.7M
Q2 24
$124.0M
$49.0M
Gross Margin
BAM
BAM
BDC
BDC
Q1 26
37.1%
Q4 25
36.6%
Q3 25
37.7%
Q2 25
38.5%
Q1 25
39.3%
Q4 24
37.5%
Q3 24
37.3%
Q2 24
37.5%
Operating Margin
BAM
BAM
BDC
BDC
Q1 26
11.2%
Q4 25
84.2%
12.2%
Q3 25
79.1%
10.9%
Q2 25
70.8%
11.8%
Q1 25
61.0%
11.6%
Q4 24
10.4%
Q3 24
72.5%
11.5%
Q2 24
80.4%
11.4%
Net Margin
BAM
BAM
BDC
BDC
Q1 26
7.3%
Q4 25
56.7%
9.4%
Q3 25
71.0%
8.1%
Q2 25
62.7%
9.1%
Q1 25
53.1%
8.3%
Q4 24
8.8%
Q3 24
61.5%
8.2%
Q2 24
15.1%
8.1%
EPS (diluted)
BAM
BAM
BDC
BDC
Q1 26
$1.30
Q4 25
$1.70
Q3 25
$1.41
Q2 25
$1.53
Q1 25
$1.27
Q4 24
$1.41
Q3 24
$1.30
Q2 24
$1.19

Balance Sheet & Financial Strength

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

Metric
BAM
BAM
BDC
BDC
Cash + ST InvestmentsLiquidity on hand
$1.6B
$272.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$8.9B
$1.3B
Total Assets
$17.0B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
BDC
BDC
Q1 26
$272.2M
Q4 25
$1.6B
$389.9M
Q3 25
$1.1B
$314.3M
Q2 25
$480.0M
$301.5M
Q1 25
$332.0M
$259.0M
Q4 24
$370.3M
Q3 24
$323.0M
Q2 24
$10.0M
$564.8M
Total Debt
BAM
BAM
BDC
BDC
Q1 26
$1.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BAM
BAM
BDC
BDC
Q1 26
$1.3B
Q4 25
$8.9B
$1.3B
Q3 25
$8.5B
$1.2B
Q2 25
$8.5B
$1.2B
Q1 25
$8.5B
$1.2B
Q4 24
$1.3B
Q3 24
$9.0B
$1.2B
Q2 24
$3.2B
$1.2B
Total Assets
BAM
BAM
BDC
BDC
Q1 26
Q4 25
$17.0B
$3.5B
Q3 25
$16.5B
$3.4B
Q2 25
$16.1B
$3.4B
Q1 25
$15.0B
$3.3B
Q4 24
$3.3B
Q3 24
$3.3B
Q2 24
$4.2B
$3.5B
Debt / Equity
BAM
BAM
BDC
BDC
Q1 26
0.98×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BAM
BAM
BDC
BDC
Operating Cash FlowLast quarter
$562.0M
Free Cash FlowOCF − Capex
$-63.1M
FCF MarginFCF / Revenue
-9.1%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$180.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
BDC
BDC
Q1 26
Q4 25
$562.0M
$160.4M
Q3 25
$745.0M
$105.0M
Q2 25
$529.0M
$82.0M
Q1 25
$265.0M
$7.4M
Q4 24
$174.7M
Q3 24
$567.0M
$91.7M
Q2 24
$159.0M
$83.0M
Free Cash Flow
BAM
BAM
BDC
BDC
Q1 26
$-63.1M
Q4 25
$121.3M
Q3 25
$65.3M
Q2 25
$56.9M
Q1 25
$-24.8M
Q4 24
$116.4M
Q3 24
$67.2M
Q2 24
$61.0M
FCF Margin
BAM
BAM
BDC
BDC
Q1 26
-9.1%
Q4 25
16.8%
Q3 25
9.4%
Q2 25
8.5%
Q1 25
-4.0%
Q4 24
17.5%
Q3 24
10.3%
Q2 24
10.1%
Capex Intensity
BAM
BAM
BDC
BDC
Q1 26
6.4%
Q4 25
5.4%
Q3 25
5.7%
Q2 25
3.7%
Q1 25
5.2%
Q4 24
8.8%
Q3 24
3.7%
Q2 24
3.6%
Cash Conversion
BAM
BAM
BDC
BDC
Q1 26
Q4 25
0.91×
2.36×
Q3 25
1.08×
1.85×
Q2 25
0.91×
1.34×
Q1 25
0.52×
0.14×
Q4 24
2.99×
Q3 24
1.06×
1.71×
Q2 24
1.28×
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

BDC
BDC

Segment breakdown not available.

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