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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 6.0%, a 50.6% 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.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
BAM vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.6B |
| Net Profit | $615.0M | $98.6M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 6.9% |
| Net Margin | 56.7% | 6.0% |
| Revenue YoY | — | 16.1% |
| Net Profit YoY | — | -10.3% |
| EPS (diluted) | — | $0.22 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $974.0M | $1.6B | ||
| Q2 25 | $931.0M | $1.5B | ||
| Q1 25 | $954.0M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $873.0M | $1.4B | ||
| Q2 24 | $821.0M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $615.0M | $98.6M | ||
| Q3 25 | $692.0M | $67.8M | ||
| Q2 25 | $584.0M | $1.0B | ||
| Q1 25 | $507.0M | $110.0M | ||
| Q4 24 | — | $189.6M | ||
| Q3 24 | $537.0M | $51.2M | ||
| Q2 24 | $124.0M | $80.2M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 84.2% | 6.9% | ||
| Q3 25 | 79.1% | 8.8% | ||
| Q2 25 | 70.8% | 14.2% | ||
| Q1 25 | 61.0% | 13.9% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 72.5% | 11.8% | ||
| Q2 24 | 80.4% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | 56.7% | 6.0% | ||
| Q3 25 | 71.0% | 4.3% | ||
| Q2 25 | 62.7% | 69.1% | ||
| Q1 25 | 53.1% | 7.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 61.5% | 3.6% | ||
| Q2 24 | 15.1% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $2.94 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.09 | ||
| Q2 24 | — | $0.20 |
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 | $3.5B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $22.9B |
| Total Assets | $17.0B | $49.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.6B | $3.5B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $480.0M | $3.6B | ||
| Q1 25 | $332.0M | $2.3B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $10.0M | $2.3B |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $8.9B | $22.9B | ||
| Q3 25 | $8.5B | $23.0B | ||
| Q2 25 | $8.5B | $22.9B | ||
| Q1 25 | $8.5B | $21.3B | ||
| Q4 24 | — | $21.3B | ||
| Q3 24 | $9.0B | $21.2B | ||
| Q2 24 | $3.2B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $17.0B | $49.4B | ||
| Q3 25 | $16.5B | $48.7B | ||
| Q2 25 | $16.1B | $48.7B | ||
| Q1 25 | $15.0B | $45.1B | ||
| Q4 24 | — | $45.3B | ||
| Q3 24 | — | $45.3B | ||
| Q2 24 | $4.2B | $43.6B |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $719.0M | ||
| Q3 25 | $745.0M | $652.9M | ||
| Q2 25 | $529.0M | $641.2M | ||
| Q1 25 | $265.0M | $399.1M | ||
| Q4 24 | — | $769.5M | ||
| Q3 24 | $567.0M | $566.5M | ||
| Q2 24 | $159.0M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 7.29× | ||
| Q3 25 | 1.08× | 9.63× | ||
| Q2 25 | 0.91× | 0.62× | ||
| Q1 25 | 0.52× | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 1.06× | 11.07× | ||
| Q2 24 | 1.28× | 7.15× |
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% |
DLR
Segment breakdown not available.
