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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Fabrinet (FN). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 9.9%, a 46.7% 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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

BAM vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.0× larger
FN
$1.1B
$1.1B
BAM
Higher net margin
BAM
BAM
46.7% more per $
BAM
56.7%
9.9%
FN

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BAM
BAM
FN
FN
Revenue
$1.1B
$1.1B
Net Profit
$615.0M
$112.6M
Gross Margin
12.2%
Operating Margin
84.2%
10.1%
Net Margin
56.7%
9.9%
Revenue YoY
35.9%
Net Profit YoY
30.0%
EPS (diluted)
$3.11

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.

Revenue
BAM
BAM
FN
FN
Q4 25
$1.1B
$1.1B
Q3 25
$974.0M
$978.1M
Q2 25
$931.0M
$909.7M
Q1 25
$954.0M
$871.8M
Q4 24
$833.6M
Q3 24
$873.0M
$804.2M
Q2 24
$821.0M
$753.3M
Q1 24
$786.0M
$731.5M
Net Profit
BAM
BAM
FN
FN
Q4 25
$615.0M
$112.6M
Q3 25
$692.0M
$95.9M
Q2 25
$584.0M
$87.2M
Q1 25
$507.0M
$81.3M
Q4 24
$86.6M
Q3 24
$537.0M
$77.4M
Q2 24
$124.0M
$81.1M
Q1 24
$373.0M
$80.9M
Gross Margin
BAM
BAM
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
BAM
BAM
FN
FN
Q4 25
84.2%
10.1%
Q3 25
79.1%
9.6%
Q2 25
70.8%
9.8%
Q1 25
61.0%
9.0%
Q4 24
9.5%
Q3 24
72.5%
9.6%
Q2 24
80.4%
9.7%
Q1 24
56.5%
9.7%
Net Margin
BAM
BAM
FN
FN
Q4 25
56.7%
9.9%
Q3 25
71.0%
9.8%
Q2 25
62.7%
9.6%
Q1 25
53.1%
9.3%
Q4 24
10.4%
Q3 24
61.5%
9.6%
Q2 24
15.1%
10.8%
Q1 24
47.5%
11.1%
EPS (diluted)
BAM
BAM
FN
FN
Q4 25
$3.11
Q3 25
$2.66
Q2 25
$2.41
Q1 25
$2.25
Q4 24
$2.38
Q3 24
$2.13
Q2 24
$2.22
Q1 24
$2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAM
BAM
FN
FN
Cash + ST InvestmentsLiquidity on hand
$1.6B
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.9B
$2.2B
Total Assets
$17.0B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
FN
FN
Q4 25
$1.6B
$960.8M
Q3 25
$1.1B
$968.8M
Q2 25
$480.0M
$934.2M
Q1 25
$332.0M
$950.7M
Q4 24
$934.6M
Q3 24
$908.9M
Q2 24
$10.0M
$858.6M
Q1 24
$794.0M
Stockholders' Equity
BAM
BAM
FN
FN
Q4 25
$8.9B
$2.2B
Q3 25
$8.5B
$2.1B
Q2 25
$8.5B
$2.0B
Q1 25
$8.5B
$1.9B
Q4 24
$1.8B
Q3 24
$9.0B
$1.8B
Q2 24
$3.2B
$1.7B
Q1 24
$2.2B
$1.7B
Total Assets
BAM
BAM
FN
FN
Q4 25
$17.0B
$3.3B
Q3 25
$16.5B
$3.0B
Q2 25
$16.1B
$2.8B
Q1 25
$15.0B
$2.6B
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$4.2B
$2.3B
Q1 24
$2.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAM
BAM
FN
FN
Operating Cash FlowLast quarter
$562.0M
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.91×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
FN
FN
Q4 25
$562.0M
$46.3M
Q3 25
$745.0M
$102.6M
Q2 25
$529.0M
$55.1M
Q1 25
$265.0M
$74.2M
Q4 24
$115.9M
Q3 24
$567.0M
$83.2M
Q2 24
$159.0M
$83.1M
Q1 24
$516.0M
$100.9M
Free Cash Flow
BAM
BAM
FN
FN
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
Q1 24
$87.3M
FCF Margin
BAM
BAM
FN
FN
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Q1 24
11.9%
Capex Intensity
BAM
BAM
FN
FN
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Q1 24
1.9%
Cash Conversion
BAM
BAM
FN
FN
Q4 25
0.91×
0.41×
Q3 25
1.08×
1.07×
Q2 25
0.91×
0.63×
Q1 25
0.52×
0.91×
Q4 24
1.34×
Q3 24
1.06×
1.07×
Q2 24
1.28×
1.02×
Q1 24
1.38×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BAM
BAM

Incentive Fees$452.0M42%
Infrastruture$332.0M31%
Private Equity$174.0M16%
Renewable Power And Transition$66.0M6%
Other$47.0M4%
Management And Advisory Fees$14.0M1%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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