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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and MODINE MANUFACTURING CO (MOD). 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 $805.0M, roughly 1.3× MODINE MANUFACTURING CO). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -5.9%, a 62.6% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
BAM vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $805.0M |
| Net Profit | $615.0M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 84.2% | 11.1% |
| Net Margin | 56.7% | -5.9% |
| Revenue YoY | — | 30.5% |
| Net Profit YoY | — | -215.6% |
| EPS (diluted) | — | $-0.90 |
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 | $805.0M | ||
| Q3 25 | $974.0M | $738.9M | ||
| Q2 25 | $931.0M | $682.8M | ||
| Q1 25 | $954.0M | $647.2M | ||
| Q4 24 | — | $616.8M | ||
| Q3 24 | $873.0M | $658.0M | ||
| Q2 24 | $821.0M | $661.5M | ||
| Q1 24 | $786.0M | $603.5M |
| Q4 25 | $615.0M | $-47.4M | ||
| Q3 25 | $692.0M | $44.4M | ||
| Q2 25 | $584.0M | $51.2M | ||
| Q1 25 | $507.0M | $49.6M | ||
| Q4 24 | — | $41.0M | ||
| Q3 24 | $537.0M | $46.1M | ||
| Q2 24 | $124.0M | $47.3M | ||
| Q1 24 | $373.0M | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | 84.2% | 11.1% | ||
| Q3 25 | 79.1% | 9.9% | ||
| Q2 25 | 70.8% | 11.1% | ||
| Q1 25 | 61.0% | 11.5% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | 72.5% | 11.4% | ||
| Q2 24 | 80.4% | 11.2% | ||
| Q1 24 | 56.5% | 7.8% |
| Q4 25 | 56.7% | -5.9% | ||
| Q3 25 | 71.0% | 6.0% | ||
| Q2 25 | 62.7% | 7.5% | ||
| Q1 25 | 53.1% | 7.7% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 61.5% | 7.0% | ||
| Q2 24 | 15.1% | 7.2% | ||
| Q1 24 | 47.5% | 4.3% |
| Q4 25 | — | $-0.90 | ||
| Q3 25 | — | $0.83 | ||
| Q2 25 | — | $0.95 | ||
| Q1 25 | — | $0.92 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | — | $0.86 | ||
| Q2 24 | — | $0.88 | ||
| Q1 24 | — | $0.48 |
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 | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $8.9B | $1.1B |
| Total Assets | $17.0B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $98.7M | ||
| Q3 25 | $1.1B | $83.8M | ||
| Q2 25 | $480.0M | $124.5M | ||
| Q1 25 | $332.0M | $71.6M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | — | $78.6M | ||
| Q2 24 | $10.0M | $72.9M | ||
| Q1 24 | — | $60.1M |
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
| Q4 25 | $8.9B | $1.1B | ||
| Q3 25 | $8.5B | $1.1B | ||
| Q2 25 | $8.5B | $1.0B | ||
| Q1 25 | $8.5B | $910.2M | ||
| Q4 24 | — | $855.1M | ||
| Q3 24 | $9.0B | $858.8M | ||
| Q2 24 | $3.2B | $788.4M | ||
| Q1 24 | $2.2B | $747.6M |
| Q4 25 | $17.0B | $2.5B | ||
| Q3 25 | $16.5B | $2.4B | ||
| Q2 25 | $16.1B | $2.2B | ||
| Q1 25 | $15.0B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | $4.2B | $1.9B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $24.7M | ||
| Q3 25 | $745.0M | $1.4M | ||
| Q2 25 | $529.0M | $27.7M | ||
| Q1 25 | $265.0M | $54.8M | ||
| Q4 24 | — | $60.7M | ||
| Q3 24 | $567.0M | $57.3M | ||
| Q2 24 | $159.0M | $40.5M | ||
| Q1 24 | $516.0M | $39.6M |
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | — | $200.0K | ||
| Q1 25 | — | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | — | $43.8M | ||
| Q2 24 | — | $13.7M | ||
| Q1 24 | — | $-4.3M |
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | 0.03× | ||
| Q2 25 | 0.91× | 0.54× | ||
| Q1 25 | 0.52× | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | 1.06× | 1.24× | ||
| Q2 24 | 1.28× | 0.86× | ||
| Q1 24 | 1.38× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
