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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
Dream Finders Homes, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 4.8%, a 51.8% 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.
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
BAM vs DFH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $615.0M | $58.8M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 6.4% |
| Net Margin | 56.7% | 4.8% |
| Revenue YoY | — | -22.3% |
| Net Profit YoY | — | -54.9% |
| EPS (diluted) | — | $0.57 |
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 | $1.2B | ||
| Q3 25 | $974.0M | $969.8M | ||
| Q2 25 | $931.0M | $1.2B | ||
| Q1 25 | $954.0M | $989.9M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $1.1B | ||
| Q1 24 | $786.0M | $827.8M |
| Q4 25 | $615.0M | $58.8M | ||
| Q3 25 | $692.0M | $47.0M | ||
| Q2 25 | $584.0M | $56.6M | ||
| Q1 25 | $507.0M | $54.9M | ||
| Q4 24 | — | $130.5M | ||
| Q3 24 | $537.0M | $70.7M | ||
| Q2 24 | $124.0M | $80.9M | ||
| Q1 24 | $373.0M | $54.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.0% |
| Q4 25 | 84.2% | 6.4% | ||
| Q3 25 | 79.1% | 6.3% | ||
| Q2 25 | 70.8% | 6.4% | ||
| Q1 25 | 61.0% | 7.2% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 72.5% | 9.2% | ||
| Q2 24 | 80.4% | 10.0% | ||
| Q1 24 | 56.5% | 8.6% |
| Q4 25 | 56.7% | 4.8% | ||
| Q3 25 | 71.0% | 4.8% | ||
| Q2 25 | 62.7% | 4.9% | ||
| Q1 25 | 53.1% | 5.5% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 61.5% | 7.0% | ||
| Q2 24 | 15.1% | 7.7% | ||
| Q1 24 | 47.5% | 6.6% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $0.56 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $1.28 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.81 | ||
| Q1 24 | — | $0.55 |
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 | $234.8M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $8.9B | $1.4B |
| Total Assets | $17.0B | $3.7B |
| Debt / EquityLower = less leverage | — | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $234.8M | ||
| Q3 25 | $1.1B | $251.0M | ||
| Q2 25 | $480.0M | $210.3M | ||
| Q1 25 | $332.0M | $297.5M | ||
| Q4 24 | — | $274.4M | ||
| Q3 24 | — | $204.9M | ||
| Q2 24 | $10.0M | $274.8M | ||
| Q1 24 | — | $239.4M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $8.9B | $1.4B | ||
| Q3 25 | $8.5B | $1.4B | ||
| Q2 25 | $8.5B | $1.3B | ||
| Q1 25 | $8.5B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.0B | $1.1B | ||
| Q2 24 | $3.2B | $1.0B | ||
| Q1 24 | $2.2B | $968.7M |
| Q4 25 | $17.0B | $3.7B | ||
| Q3 25 | $16.5B | $3.8B | ||
| Q2 25 | $16.1B | $3.7B | ||
| Q1 25 | $15.0B | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $143.6M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 11.2% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 0.91× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $143.6M | ||
| Q3 25 | $745.0M | $-131.0M | ||
| Q2 25 | $529.0M | $-68.5M | ||
| Q1 25 | $265.0M | $-44.7M | ||
| Q4 24 | — | $306.5M | ||
| Q3 24 | $567.0M | $-205.0M | ||
| Q2 24 | $159.0M | $-110.6M | ||
| Q1 24 | $516.0M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M | ||
| Q1 24 | — | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 0.91× | 2.44× | ||
| Q3 25 | 1.08× | -2.79× | ||
| Q2 25 | 0.91× | -1.21× | ||
| Q1 25 | 0.52× | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 1.06× | -2.90× | ||
| Q2 24 | 1.28× | -1.37× | ||
| Q1 24 | 1.38× | -4.54× |
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
