vs
Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Mid-America Apartment Communities (MAA). 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 $553.7M, roughly 2.0× Mid-America Apartment Communities).
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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
BAM vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $553.7M |
| Net Profit | $615.0M | — |
| Gross Margin | — | — |
| Operating Margin | 84.2% | — |
| Net Margin | 56.7% | — |
| Revenue YoY | — | 438.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $4.34 |
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 | — | $553.7M | ||
| Q4 25 | $1.1B | $555.6M | ||
| Q3 25 | $974.0M | $554.4M | ||
| Q2 25 | $931.0M | $549.9M | ||
| Q1 25 | $954.0M | $549.3M | ||
| Q4 24 | — | $549.8M | ||
| Q3 24 | $873.0M | $551.1M | ||
| Q2 24 | $821.0M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $615.0M | $57.6M | ||
| Q3 25 | $692.0M | $99.5M | ||
| Q2 25 | $584.0M | $108.1M | ||
| Q1 25 | $507.0M | $181.7M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | $537.0M | $115.2M | ||
| Q2 24 | $124.0M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 84.2% | 10.4% | ||
| Q3 25 | 79.1% | 18.7% | ||
| Q2 25 | 70.8% | 20.2% | ||
| Q1 25 | 61.0% | 34.0% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | 72.5% | 21.5% | ||
| Q2 24 | 80.4% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 56.7% | 10.4% | ||
| Q3 25 | 71.0% | 18.0% | ||
| Q2 25 | 62.7% | 19.7% | ||
| Q1 25 | 53.1% | 33.1% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 61.5% | 20.9% | ||
| Q2 24 | 15.1% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | — | $0.48 | ||
| Q3 25 | — | $0.84 | ||
| Q2 25 | — | $0.92 | ||
| Q1 25 | — | $1.54 | ||
| Q4 24 | — | $1.43 | ||
| Q3 24 | — | $0.98 | ||
| Q2 24 | — | $0.86 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | — |
| Total Assets | $17.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $60.3M | ||
| Q3 25 | $1.1B | $32.2M | ||
| Q2 25 | $480.0M | $54.5M | ||
| Q1 25 | $332.0M | $55.8M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | $10.0M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9B | $5.7B | ||
| Q3 25 | $8.5B | $5.8B | ||
| Q2 25 | $8.5B | $5.9B | ||
| Q1 25 | $8.5B | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $9.0B | $5.9B | ||
| Q2 24 | $3.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $17.0B | $12.0B | ||
| Q3 25 | $16.5B | $11.9B | ||
| Q2 25 | $16.1B | $11.8B | ||
| Q1 25 | $15.0B | $11.8B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | $4.2B | $11.6B |
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 | $261.7M | ||
| Q3 25 | $745.0M | $266.4M | ||
| Q2 25 | $529.0M | $353.4M | ||
| Q1 25 | $265.0M | $196.6M | ||
| Q4 24 | — | $239.1M | ||
| Q3 24 | $567.0M | $309.5M | ||
| Q2 24 | $159.0M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $170.8M | ||
| Q2 25 | — | $264.5M | ||
| Q1 25 | — | $124.0M | ||
| Q4 24 | — | $152.6M | ||
| Q3 24 | — | $215.5M | ||
| Q2 24 | — | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 30.8% | ||
| Q2 25 | — | 48.1% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 4.55× | ||
| Q3 25 | 1.08× | 2.68× | ||
| Q2 25 | 0.91× | 3.27× | ||
| Q1 25 | 0.52× | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 1.06× | 2.69× | ||
| Q2 24 | 1.28× | 3.43× |
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% |
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
