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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and ESAB Corp (ESAB). 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 $727.8M, roughly 1.5× ESAB Corp). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 7.5%, a 49.1% 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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
BAM vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $727.8M |
| Net Profit | $615.0M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | 84.2% | 14.6% |
| Net Margin | 56.7% | 7.5% |
| Revenue YoY | — | 8.5% |
| Net Profit YoY | — | 2.1% |
| EPS (diluted) | — | $0.90 |
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 | $727.8M | ||
| Q3 25 | $974.0M | $715.6M | ||
| Q2 25 | $931.0M | $678.1M | ||
| Q1 25 | $954.0M | — | ||
| Q4 24 | — | $670.8M | ||
| Q3 24 | $873.0M | $673.3M | ||
| Q2 24 | $821.0M | $707.1M | ||
| Q1 24 | $786.0M | $689.7M |
| Q4 25 | $615.0M | $54.8M | ||
| Q3 25 | $692.0M | $66.9M | ||
| Q2 25 | $584.0M | $67.4M | ||
| Q1 25 | $507.0M | — | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | $537.0M | $68.2M | ||
| Q2 24 | $124.0M | $82.9M | ||
| Q1 24 | $373.0M | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 84.2% | 14.6% | ||
| Q3 25 | 79.1% | 15.2% | ||
| Q2 25 | 70.8% | 16.2% | ||
| Q1 25 | 61.0% | — | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 72.5% | 15.7% | ||
| Q2 24 | 80.4% | 16.9% | ||
| Q1 24 | 56.5% | 16.0% |
| Q4 25 | 56.7% | 7.5% | ||
| Q3 25 | 71.0% | 9.3% | ||
| Q2 25 | 62.7% | 9.9% | ||
| Q1 25 | 53.1% | — | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 61.5% | 10.1% | ||
| Q2 24 | 15.1% | 11.7% | ||
| Q1 24 | 47.5% | 8.7% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | — | $1.09 | ||
| Q2 25 | — | $1.10 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0.87 | ||
| Q3 24 | — | $1.11 | ||
| Q2 24 | — | $1.35 | ||
| Q1 24 | — | $0.98 |
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 | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $8.9B | $2.1B |
| Total Assets | $17.0B | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $218.2M | ||
| Q3 25 | $1.1B | $258.2M | ||
| Q2 25 | $480.0M | $291.3M | ||
| Q1 25 | $332.0M | — | ||
| Q4 24 | — | $249.4M | ||
| Q3 24 | — | $253.7M | ||
| Q2 24 | $10.0M | $228.5M | ||
| Q1 24 | — | $76.5M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $8.9B | $2.1B | ||
| Q3 25 | $8.5B | $2.1B | ||
| Q2 25 | $8.5B | $1.9B | ||
| Q1 25 | $8.5B | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $9.0B | $1.8B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $2.2B | $1.6B |
| Q4 25 | $17.0B | $4.9B | ||
| Q3 25 | $16.5B | $4.4B | ||
| Q2 25 | $16.1B | $4.2B | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $4.2B | $4.0B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | — | $70.3M |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.91× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $81.5M | ||
| Q3 25 | $745.0M | $46.6M | ||
| Q2 25 | $529.0M | $35.4M | ||
| Q1 25 | $265.0M | — | ||
| Q4 24 | — | $126.9M | ||
| Q3 24 | $567.0M | $101.0M | ||
| Q2 24 | $159.0M | $83.0M | ||
| Q1 24 | $516.0M | $44.5M |
| Q4 25 | — | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | — | $28.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $102.2M | ||
| Q3 24 | — | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $37.1M |
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 0.91× | 1.49× | ||
| Q3 25 | 1.08× | 0.70× | ||
| Q2 25 | 0.91× | 0.53× | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 1.06× | 1.48× | ||
| Q2 24 | 1.28× | 1.00× | ||
| Q1 24 | 1.38× | 0.74× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
