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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Noble Corp plc (NE). 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 $764.4M, roughly 1.4× Noble Corp plc). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 11.3%, a 45.3% 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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
BAM vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $764.4M |
| Net Profit | $615.0M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 5.6% |
| Net Margin | 56.7% | 11.3% |
| Revenue YoY | — | -17.6% |
| Net Profit YoY | — | -10.4% |
| EPS (diluted) | — | $0.54 |
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 | $764.4M | ||
| Q3 25 | $974.0M | $798.0M | ||
| Q2 25 | $931.0M | $848.7M | ||
| Q1 25 | $954.0M | $874.5M | ||
| Q4 24 | — | $927.3M | ||
| Q3 24 | $873.0M | $800.5M | ||
| Q2 24 | $821.0M | $692.8M | ||
| Q1 24 | $786.0M | $637.1M |
| Q4 25 | $615.0M | $86.6M | ||
| Q3 25 | $692.0M | $-21.1M | ||
| Q2 25 | $584.0M | $42.9M | ||
| Q1 25 | $507.0M | $108.3M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | $537.0M | $61.2M | ||
| Q2 24 | $124.0M | $195.0M | ||
| Q1 24 | $373.0M | $95.5M |
| Q4 25 | 84.2% | 5.6% | ||
| Q3 25 | 79.1% | 6.3% | ||
| Q2 25 | 70.8% | 15.9% | ||
| Q1 25 | 61.0% | 21.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | 72.5% | 14.4% | ||
| Q2 24 | 80.4% | 30.3% | ||
| Q1 24 | 56.5% | 16.9% |
| Q4 25 | 56.7% | 11.3% | ||
| Q3 25 | 71.0% | -2.6% | ||
| Q2 25 | 62.7% | 5.1% | ||
| Q1 25 | 53.1% | 12.4% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 61.5% | 7.6% | ||
| Q2 24 | 15.1% | 28.1% | ||
| Q1 24 | 47.5% | 15.0% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | — | $-0.13 | ||
| Q2 25 | — | $0.27 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | — | $0.66 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $4.5B |
| Total Assets | $17.0B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $471.4M | ||
| Q3 25 | $1.1B | $477.9M | ||
| Q2 25 | $480.0M | $338.2M | ||
| Q1 25 | $332.0M | $303.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $391.9M | ||
| Q2 24 | $10.0M | $162.9M | ||
| Q1 24 | — | $212.5M |
| Q4 25 | $8.9B | $4.5B | ||
| Q3 25 | $8.5B | $4.5B | ||
| Q2 25 | $8.5B | $4.6B | ||
| Q1 25 | $8.5B | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $9.0B | $4.7B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $2.2B | $3.9B |
| Q4 25 | $17.0B | $7.5B | ||
| Q3 25 | $16.5B | $7.6B | ||
| Q2 25 | $16.1B | $7.7B | ||
| Q1 25 | $15.0B | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | $4.2B | $5.6B | ||
| Q1 24 | — | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | 0.91× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $187.1M | ||
| Q3 25 | $745.0M | $277.1M | ||
| Q2 25 | $529.0M | $216.4M | ||
| Q1 25 | $265.0M | $271.1M | ||
| Q4 24 | — | $136.2M | ||
| Q3 24 | $567.0M | $283.8M | ||
| Q2 24 | $159.0M | $106.8M | ||
| Q1 24 | $516.0M | $128.7M |
| Q4 25 | — | $35.4M | ||
| Q3 25 | — | $139.5M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | — | $-37.9M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | -6.0% |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 26.2% |
| Q4 25 | 0.91× | 2.16× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | 5.05× | ||
| Q1 25 | 0.52× | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 1.06× | 4.64× | ||
| Q2 24 | 1.28× | 0.55× | ||
| Q1 24 | 1.38× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
