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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Core Natural Resources, Inc. (CNR). 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 $1.0B, roughly 1.0× Core Natural Resources, Inc.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -7.6%, a 64.3% 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.

Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.

BAM vs CNR — Head-to-Head

Bigger by revenue
BAM
BAM
1.0× larger
BAM
$1.1B
$1.0B
CNR
Higher net margin
BAM
BAM
64.3% more per $
BAM
56.7%
-7.6%
CNR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BAM
BAM
CNR
CNR
Revenue
$1.1B
$1.0B
Net Profit
$615.0M
$-79.0M
Gross Margin
Operating Margin
84.2%
-9.3%
Net Margin
56.7%
-7.6%
Revenue YoY
81.8%
Net Profit YoY
-356.3%
EPS (diluted)
$-1.51

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
CNR
CNR
Q4 25
$1.1B
$1.0B
Q3 25
$974.0M
$1.0B
Q2 25
$931.0M
$1.1B
Q1 25
$954.0M
$1.0B
Q4 24
$573.6M
Q3 24
$873.0M
$553.4M
Q2 24
$821.0M
$490.7M
Q1 24
$786.0M
$546.7M
Net Profit
BAM
BAM
CNR
CNR
Q4 25
$615.0M
$-79.0M
Q3 25
$692.0M
$31.6M
Q2 25
$584.0M
$-36.6M
Q1 25
$507.0M
$-69.3M
Q4 24
$30.8M
Q3 24
$537.0M
$95.6M
Q2 24
$124.0M
$58.1M
Q1 24
$373.0M
$101.9M
Operating Margin
BAM
BAM
CNR
CNR
Q4 25
84.2%
-9.3%
Q3 25
79.1%
-1.2%
Q2 25
70.8%
-1.7%
Q1 25
61.0%
-5.3%
Q4 24
6.6%
Q3 24
72.5%
21.2%
Q2 24
80.4%
14.6%
Q1 24
56.5%
22.7%
Net Margin
BAM
BAM
CNR
CNR
Q4 25
56.7%
-7.6%
Q3 25
71.0%
3.2%
Q2 25
62.7%
-3.3%
Q1 25
53.1%
-6.8%
Q4 24
5.4%
Q3 24
61.5%
17.3%
Q2 24
15.1%
11.8%
Q1 24
47.5%
18.6%
EPS (diluted)
BAM
BAM
CNR
CNR
Q4 25
$-1.51
Q3 25
$0.61
Q2 25
$-0.70
Q1 25
$-1.38
Q4 24
$1.04
Q3 24
$3.22
Q2 24
$1.96
Q1 24
$3.39

Balance Sheet & Financial Strength

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

Metric
BAM
BAM
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$1.6B
$432.2M
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$8.9B
$3.7B
Total Assets
$17.0B
$6.1B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
CNR
CNR
Q4 25
$1.6B
$432.2M
Q3 25
$1.1B
$444.7M
Q2 25
$480.0M
$413.2M
Q1 25
$332.0M
$388.5M
Q4 24
$460.2M
Q3 24
$331.7M
Q2 24
$10.0M
$216.1M
Q1 24
$172.6M
Total Debt
BAM
BAM
CNR
CNR
Q4 25
$354.2M
Q3 25
$334.5M
Q2 25
$334.0M
Q1 25
$329.8M
Q4 24
$94.8M
Q3 24
$83.7M
Q2 24
$184.9M
Q1 24
$185.5M
Stockholders' Equity
BAM
BAM
CNR
CNR
Q4 25
$8.9B
$3.7B
Q3 25
$8.5B
$3.8B
Q2 25
$8.5B
$3.8B
Q1 25
$8.5B
$3.9B
Q4 24
$1.6B
Q3 24
$9.0B
$1.5B
Q2 24
$3.2B
$1.4B
Q1 24
$2.2B
$1.4B
Total Assets
BAM
BAM
CNR
CNR
Q4 25
$17.0B
$6.1B
Q3 25
$16.5B
$6.2B
Q2 25
$16.1B
$6.2B
Q1 25
$15.0B
$6.3B
Q4 24
$2.9B
Q3 24
$2.8B
Q2 24
$4.2B
$2.7B
Q1 24
$2.7B
Debt / Equity
BAM
BAM
CNR
CNR
Q4 25
0.10×
Q3 25
0.09×
Q2 25
0.09×
Q1 25
0.08×
Q4 24
0.06×
Q3 24
0.05×
Q2 24
0.13×
Q1 24
0.13×

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
CNR
CNR
Operating Cash FlowLast quarter
$562.0M
$107.3M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
CNR
CNR
Q4 25
$562.0M
$107.3M
Q3 25
$745.0M
$87.9M
Q2 25
$529.0M
$220.2M
Q1 25
$265.0M
$-109.6M
Q4 24
$121.3M
Q3 24
$567.0M
$161.3M
Q2 24
$159.0M
$116.3M
Q1 24
$516.0M
$77.5M
Free Cash Flow
BAM
BAM
CNR
CNR
Q4 25
$26.0M
Q3 25
$38.6M
Q2 25
$131.0M
Q1 25
$-174.5M
Q4 24
$80.5M
Q3 24
$121.9M
Q2 24
$60.9M
Q1 24
$35.1M
FCF Margin
BAM
BAM
CNR
CNR
Q4 25
2.5%
Q3 25
3.9%
Q2 25
11.9%
Q1 25
-17.1%
Q4 24
14.0%
Q3 24
22.0%
Q2 24
12.4%
Q1 24
6.4%
Capex Intensity
BAM
BAM
CNR
CNR
Q4 25
7.8%
Q3 25
4.9%
Q2 25
8.1%
Q1 25
6.4%
Q4 24
7.1%
Q3 24
7.1%
Q2 24
11.3%
Q1 24
7.7%
Cash Conversion
BAM
BAM
CNR
CNR
Q4 25
0.91×
Q3 25
1.08×
2.78×
Q2 25
0.91×
Q1 25
0.52×
Q4 24
3.94×
Q3 24
1.06×
1.69×
Q2 24
1.28×
2.00×
Q1 24
1.38×
0.76×

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%

CNR
CNR

Other$397.4M38%
Power Generation$376.5M36%
PRB$183.0M18%
Metallurgical$42.0M4%
Industrial$34.1M3%
Terminal Revenue$6.4M1%
Other Revenue$3.0M0%

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