vs
Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 6.5%, a 50.2% 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.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
BAM vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.3B |
| Net Profit | $615.0M | $84.3M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 18.5% |
| Net Margin | 56.7% | 6.5% |
| Revenue YoY | — | 5.3% |
| Net Profit YoY | — | 7.8% |
| EPS (diluted) | — | $0.35 |
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 | $1.3B | ||
| Q3 25 | $974.0M | $1.8B | ||
| Q2 25 | $931.0M | $1.4B | ||
| Q1 25 | $954.0M | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $873.0M | $1.8B | ||
| Q2 24 | $821.0M | $1.4B | ||
| Q1 24 | $786.0M | $1.3B |
| Q4 25 | $615.0M | $84.3M | ||
| Q3 25 | $692.0M | $475.0M | ||
| Q2 25 | $584.0M | $171.3M | ||
| Q1 25 | $507.0M | $125.0M | ||
| Q4 24 | — | $78.2M | ||
| Q3 24 | $537.0M | $465.6M | ||
| Q2 24 | $124.0M | $207.0M | ||
| Q1 24 | $373.0M | $122.7M |
| Q4 25 | 84.2% | 18.5% | ||
| Q3 25 | 79.1% | 37.3% | ||
| Q2 25 | 70.8% | 25.4% | ||
| Q1 25 | 61.0% | 22.5% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | 72.5% | 35.1% | ||
| Q2 24 | 80.4% | 25.4% | ||
| Q1 24 | 56.5% | 20.3% |
| Q4 25 | 56.7% | 6.5% | ||
| Q3 25 | 71.0% | 26.9% | ||
| Q2 25 | 62.7% | 12.6% | ||
| Q1 25 | 53.1% | 9.7% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 61.5% | 26.0% | ||
| Q2 24 | 15.1% | 14.7% | ||
| Q1 24 | 47.5% | 9.6% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | — | $2.03 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $2.02 | ||
| Q2 24 | — | $0.90 | ||
| Q1 24 | — | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $10.2B |
| Total Assets | $17.0B | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $19.8M | ||
| Q3 25 | $1.1B | $27.5M | ||
| Q2 25 | $480.0M | $27.8M | ||
| Q1 25 | $332.0M | $35.3M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | — | $34.6M | ||
| Q2 24 | $10.0M | $26.1M | ||
| Q1 24 | — | $63.7M |
| Q4 25 | $8.9B | $10.2B | ||
| Q3 25 | $8.5B | $10.3B | ||
| Q2 25 | $8.5B | $10.0B | ||
| Q1 25 | $8.5B | $9.9B | ||
| Q4 24 | — | $10.0B | ||
| Q3 24 | $9.0B | $10.0B | ||
| Q2 24 | $3.2B | $9.7B | ||
| Q1 24 | $2.2B | $9.6B |
| Q4 25 | $17.0B | $33.9B | ||
| Q3 25 | $16.5B | $33.4B | ||
| Q2 25 | $16.1B | $32.9B | ||
| Q1 25 | $15.0B | $32.5B | ||
| Q4 24 | — | $32.3B | ||
| Q3 24 | — | $32.1B | ||
| Q2 24 | $4.2B | $31.8B | ||
| Q1 24 | — | $31.3B |
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 | $334.0M |
| Free Cash FlowOCF − Capex | — | $-530.5M |
| FCF MarginFCF / Revenue | — | -41.1% |
| Capex IntensityCapex / Revenue | — | 66.9% |
| Cash ConversionOCF / Net Profit | 0.91× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $334.0M | ||
| Q3 25 | $745.0M | $937.7M | ||
| Q2 25 | $529.0M | $323.9M | ||
| Q1 25 | $265.0M | $449.6M | ||
| Q4 24 | — | $395.6M | ||
| Q3 24 | $567.0M | $953.3M | ||
| Q2 24 | $159.0M | $317.5M | ||
| Q1 24 | $516.0M | $317.3M |
| Q4 25 | — | $-530.5M | ||
| Q3 25 | — | $225.4M | ||
| Q2 25 | — | $-303.4M | ||
| Q1 25 | — | $-143.2M | ||
| Q4 24 | — | $-118.6M | ||
| Q3 24 | — | $427.0M | ||
| Q2 24 | — | $-360.0M | ||
| Q1 24 | — | $-301.3M |
| Q4 25 | — | -41.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -23.5% |
| Q4 25 | — | 66.9% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | — | 45.8% | ||
| Q4 24 | — | 41.9% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | 0.91× | 3.96× | ||
| Q3 25 | 1.08× | 1.97× | ||
| Q2 25 | 0.91× | 1.89× | ||
| Q1 25 | 0.52× | 3.60× | ||
| Q4 24 | — | 5.06× | ||
| Q3 24 | 1.06× | 2.05× | ||
| Q2 24 | 1.28× | 1.53× | ||
| Q1 24 | 1.38× | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
