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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Magnera Corp (MAGN). 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 $792.0M, roughly 1.4× Magnera Corp). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -4.3%, a 61.0% 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.
BAM vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $792.0M |
| Net Profit | $615.0M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 84.2% | 1.8% |
| Net Margin | 56.7% | -4.3% |
| Revenue YoY | — | 12.8% |
| Net Profit YoY | — | 43.3% |
| EPS (diluted) | — | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $974.0M | — | ||
| Q2 25 | $931.0M | $839.0M | ||
| Q1 25 | $954.0M | $824.0M | ||
| Q4 24 | — | $702.0M | ||
| Q3 24 | $873.0M | $332.1M | ||
| Q2 24 | $821.0M | $556.0M | ||
| Q1 24 | $786.0M | $558.0M |
| Q4 25 | $615.0M | $-34.0M | ||
| Q3 25 | $692.0M | — | ||
| Q2 25 | $584.0M | $-18.0M | ||
| Q1 25 | $507.0M | $-41.0M | ||
| Q4 24 | — | $-60.0M | ||
| Q3 24 | $537.0M | $-15.2M | ||
| Q2 24 | $124.0M | $19.0M | ||
| Q1 24 | $373.0M | $14.0M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | 84.2% | 1.8% | ||
| Q3 25 | 79.1% | — | ||
| Q2 25 | 70.8% | 1.5% | ||
| Q1 25 | 61.0% | 0.5% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | 72.5% | 0.9% | ||
| Q2 24 | 80.4% | 3.1% | ||
| Q1 24 | 56.5% | 3.8% |
| Q4 25 | 56.7% | -4.3% | ||
| Q3 25 | 71.0% | — | ||
| Q2 25 | 62.7% | -2.1% | ||
| Q1 25 | 53.1% | -5.0% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | 61.5% | -4.6% | ||
| Q2 24 | 15.1% | 3.4% | ||
| Q1 24 | 47.5% | 2.5% |
| Q4 25 | — | $-0.95 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-0.51 | ||
| Q1 25 | — | $-1.15 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $8.9B | $1.0B |
| Total Assets | $17.0B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $264.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $480.0M | $276.0M | ||
| Q1 25 | $332.0M | $282.0M | ||
| Q4 24 | — | $215.0M | ||
| Q3 24 | — | $230.0M | ||
| Q2 24 | $10.0M | $33.9M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $8.9B | $1.0B | ||
| Q3 25 | $8.5B | — | ||
| Q2 25 | $8.5B | $1.1B | ||
| Q1 25 | $8.5B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $9.0B | $2.1B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $17.0B | $3.9B | ||
| Q3 25 | $16.5B | — | ||
| Q2 25 | $16.1B | $4.1B | ||
| Q1 25 | $15.0B | $4.1B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $4.2B | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $2.0M | ||
| Q3 25 | $745.0M | — | ||
| Q2 25 | $529.0M | $0 | ||
| Q1 25 | $265.0M | $65.0M | ||
| Q4 24 | — | $-58.0M | ||
| Q3 24 | $567.0M | $12.2M | ||
| Q2 24 | $159.0M | $38.0M | ||
| Q1 24 | $516.0M | $20.0M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $3.6M | ||
| Q2 24 | — | $23.0M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | 2.00× | ||
| Q1 24 | 1.38× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
