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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and COHEN & STEERS, INC. (CNS). 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 $143.8M, roughly 7.5× COHEN & STEERS, INC.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 24.3%, a 32.4% 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.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
BAM vs CNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $143.8M |
| Net Profit | $615.0M | $34.9M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 28.0% |
| Net Margin | 56.7% | 24.3% |
| Revenue YoY | — | 2.9% |
| Net Profit YoY | — | -23.9% |
| EPS (diluted) | — | $0.67 |
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.
| Q4 25 | $1.1B | $143.8M | ||
| Q3 25 | $974.0M | $141.7M | ||
| Q2 25 | $931.0M | $136.1M | ||
| Q1 25 | $954.0M | $134.5M | ||
| Q4 24 | — | $139.8M | ||
| Q3 24 | $873.0M | $133.2M | ||
| Q2 24 | $821.0M | $121.7M | ||
| Q1 24 | $786.0M | $122.7M |
| Q4 25 | $615.0M | $34.9M | ||
| Q3 25 | $692.0M | $41.7M | ||
| Q2 25 | $584.0M | $36.8M | ||
| Q1 25 | $507.0M | $39.8M | ||
| Q4 24 | — | $45.8M | ||
| Q3 24 | $537.0M | $39.7M | ||
| Q2 24 | $124.0M | $31.8M | ||
| Q1 24 | $373.0M | $34.0M |
| Q4 25 | 84.2% | 28.0% | ||
| Q3 25 | 79.1% | 34.5% | ||
| Q2 25 | 70.8% | 31.8% | ||
| Q1 25 | 61.0% | 33.6% | ||
| Q4 24 | — | 35.3% | ||
| Q3 24 | 72.5% | 33.7% | ||
| Q2 24 | 80.4% | 31.5% | ||
| Q1 24 | 56.5% | 32.8% |
| Q4 25 | 56.7% | 24.3% | ||
| Q3 25 | 71.0% | 29.4% | ||
| Q2 25 | 62.7% | 27.1% | ||
| Q1 25 | 53.1% | 29.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 61.5% | 29.8% | ||
| Q2 24 | 15.1% | 26.1% | ||
| Q1 24 | 47.5% | 27.7% |
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $0.81 | ||
| Q2 25 | — | $0.72 | ||
| Q1 25 | — | $0.77 | ||
| Q4 24 | — | $0.89 | ||
| Q3 24 | — | $0.77 | ||
| Q2 24 | — | $0.63 | ||
| Q1 24 | — | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $145.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $562.0M |
| Total Assets | $17.0B | $876.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $145.5M | ||
| Q3 25 | $1.1B | $98.1M | ||
| Q2 25 | $480.0M | $95.4M | ||
| Q1 25 | $332.0M | $65.2M | ||
| Q4 24 | — | $183.0M | ||
| Q3 24 | — | $106.5M | ||
| Q2 24 | $10.0M | $122.0M | ||
| Q1 24 | — | $99.5M |
| Q4 25 | $8.9B | $562.0M | ||
| Q3 25 | $8.5B | $550.3M | ||
| Q2 25 | $8.5B | $528.5M | ||
| Q1 25 | $8.5B | $507.7M | ||
| Q4 24 | — | $511.7M | ||
| Q3 24 | $9.0B | $491.0M | ||
| Q2 24 | $3.2B | $463.2M | ||
| Q1 24 | $2.2B | $378.9M |
| Q4 25 | $17.0B | $876.7M | ||
| Q3 25 | $16.5B | $801.6M | ||
| Q2 25 | $16.1B | $751.0M | ||
| Q1 25 | $15.0B | $834.9M | ||
| Q4 24 | — | $812.4M | ||
| Q3 24 | — | $727.8M | ||
| Q2 24 | $4.2B | $784.1M | ||
| Q1 24 | — | $680.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $562.0M | $-120.4M |
| Free Cash FlowOCF − Capex | — | $-126.4M |
| FCF MarginFCF / Revenue | — | -87.9% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | 0.91× | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $-120.4M | ||
| Q3 25 | $745.0M | $55.1M | ||
| Q2 25 | $529.0M | $-67.6M | ||
| Q1 25 | $265.0M | $-108.9M | ||
| Q4 24 | — | $96.7M | ||
| Q3 24 | $567.0M | $25.6M | ||
| Q2 24 | $159.0M | $31.4M | ||
| Q1 24 | $516.0M | $4.9M |
| Q4 25 | — | $-126.4M | ||
| Q3 25 | — | $52.6M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $-110.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $24.2M | ||
| Q2 24 | — | $27.1M | ||
| Q1 24 | — | $537.0K |
| Q4 25 | — | -87.9% | ||
| Q3 25 | — | 37.1% | ||
| Q2 25 | — | -51.3% | ||
| Q1 25 | — | -81.8% | ||
| Q4 24 | — | 60.8% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.5% |
| Q4 25 | 0.91× | -3.45× | ||
| Q3 25 | 1.08× | 1.32× | ||
| Q2 25 | 0.91× | -1.84× | ||
| Q1 25 | 0.52× | -2.74× | ||
| Q4 24 | — | 2.11× | ||
| Q3 24 | 1.06× | 0.65× | ||
| Q2 24 | 1.28× | 0.99× | ||
| Q1 24 | 1.38× | 0.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
CNS
Segment breakdown not available.
