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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Liberty Energy Inc. (LBRT). 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 $1.0B, roughly 1.1× Liberty Energy Inc.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 2.2%, a 54.5% 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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
BAM vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $615.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 2.2% |
| Net Margin | 56.7% | 2.2% |
| Revenue YoY | — | 4.5% |
| Net Profit YoY | — | 64.8% |
| EPS (diluted) | — | $0.14 |
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 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $974.0M | $947.4M | ||
| Q2 25 | $931.0M | $1.0B | ||
| Q1 25 | $954.0M | $977.5M | ||
| Q4 24 | — | $943.6M | ||
| Q3 24 | $873.0M | $1.1B | ||
| Q2 24 | $821.0M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $615.0M | $13.7M | ||
| Q3 25 | $692.0M | $43.1M | ||
| Q2 25 | $584.0M | $71.0M | ||
| Q1 25 | $507.0M | $20.1M | ||
| Q4 24 | — | $51.9M | ||
| Q3 24 | $537.0M | $73.8M | ||
| Q2 24 | $124.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 84.2% | 1.9% | ||
| Q3 25 | 79.1% | -0.3% | ||
| Q2 25 | 70.8% | 3.6% | ||
| Q1 25 | 61.0% | 1.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 72.5% | 9.4% | ||
| Q2 24 | 80.4% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 56.7% | 1.3% | ||
| Q3 25 | 71.0% | 4.5% | ||
| Q2 25 | 62.7% | 6.8% | ||
| Q1 25 | 53.1% | 2.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 61.5% | 6.5% | ||
| Q2 24 | 15.1% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | — | $0.44 | ||
| Q2 24 | — | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $8.9B | $1.9B |
| Total Assets | $17.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $1.6B | $27.6M | ||
| Q3 25 | $1.1B | $13.5M | ||
| Q2 25 | $480.0M | $19.6M | ||
| Q1 25 | $332.0M | $24.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $23.0M | ||
| Q2 24 | $10.0M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $8.9B | $2.1B | ||
| Q3 25 | $8.5B | $2.1B | ||
| Q2 25 | $8.5B | $2.0B | ||
| Q1 25 | $8.5B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $9.0B | $2.0B | ||
| Q2 24 | $3.2B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $17.0B | $3.6B | ||
| Q3 25 | $16.5B | $3.5B | ||
| Q2 25 | $16.1B | $3.4B | ||
| Q1 25 | $15.0B | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | $4.2B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| 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 | $195.4M | ||
| Q3 25 | $745.0M | $51.5M | ||
| Q2 25 | $529.0M | $170.6M | ||
| Q1 25 | $265.0M | $192.1M | ||
| Q4 24 | — | $177.3M | ||
| Q3 24 | $567.0M | $244.5M | ||
| Q2 24 | $159.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | — | $-67.2M | ||
| Q2 25 | — | $33.1M | ||
| Q1 25 | — | $58.2M | ||
| Q4 24 | — | $-26.2M | ||
| Q3 24 | — | $77.9M | ||
| Q2 24 | — | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 14.28× | ||
| Q3 25 | 1.08× | 1.20× | ||
| Q2 25 | 0.91× | 2.40× | ||
| Q1 25 | 0.52× | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | 1.06× | 3.31× | ||
| Q2 24 | 1.28× | 2.29× |
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% |
LBRT
Segment breakdown not available.
