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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Nextpower Inc. (NXT). 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 $909.4M, roughly 1.2× Nextpower Inc.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 14.4%, a 42.3% 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.
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
BAM vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $909.4M |
| Net Profit | $615.0M | $131.2M |
| Gross Margin | — | 31.7% |
| Operating Margin | 84.2% | 19.4% |
| Net Margin | 56.7% | 14.4% |
| Revenue YoY | — | 33.9% |
| Net Profit YoY | — | 13.8% |
| EPS (diluted) | — | $0.85 |
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 | $909.4M | ||
| Q3 25 | $974.0M | $905.3M | ||
| Q2 25 | $931.0M | $864.3M | ||
| Q1 25 | $954.0M | $924.3M | ||
| Q4 24 | — | $679.4M | ||
| Q3 24 | $873.0M | $635.6M | ||
| Q2 24 | $821.0M | $719.9M | ||
| Q1 24 | $786.0M | $736.5M |
| Q4 25 | $615.0M | $131.2M | ||
| Q3 25 | $692.0M | $146.9M | ||
| Q2 25 | $584.0M | $157.2M | ||
| Q1 25 | $507.0M | $156.8M | ||
| Q4 24 | — | $115.3M | ||
| Q3 24 | $537.0M | $115.4M | ||
| Q2 24 | $124.0M | $121.7M | ||
| Q1 24 | $373.0M | $205.2M |
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 46.2% |
| Q4 25 | 84.2% | 19.4% | ||
| Q3 25 | 79.1% | 20.0% | ||
| Q2 25 | 70.8% | 21.5% | ||
| Q1 25 | 61.0% | 21.1% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | 72.5% | 21.0% | ||
| Q2 24 | 80.4% | 22.2% | ||
| Q1 24 | 56.5% | 36.8% |
| Q4 25 | 56.7% | 14.4% | ||
| Q3 25 | 71.0% | 16.2% | ||
| Q2 25 | 62.7% | 18.2% | ||
| Q1 25 | 53.1% | 17.0% | ||
| Q4 24 | — | 17.0% | ||
| Q3 24 | 61.5% | 18.2% | ||
| Q2 24 | 15.1% | 16.9% | ||
| Q1 24 | 47.5% | 27.9% |
| Q4 25 | — | $0.85 | ||
| Q3 25 | — | $0.97 | ||
| Q2 25 | — | $1.04 | ||
| Q1 25 | — | $1.05 | ||
| Q4 24 | — | $0.79 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | — | $0.84 | ||
| Q1 24 | — | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $2.2B |
| Total Assets | $17.0B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $952.6M | ||
| Q3 25 | $1.1B | $845.3M | ||
| Q2 25 | $480.0M | $743.4M | ||
| Q1 25 | $332.0M | $766.1M | ||
| Q4 24 | — | $693.5M | ||
| Q3 24 | — | $561.9M | ||
| Q2 24 | $10.0M | $471.9M | ||
| Q1 24 | — | $474.1M |
| Q4 25 | $8.9B | $2.2B | ||
| Q3 25 | $8.5B | $2.0B | ||
| Q2 25 | $8.5B | $1.8B | ||
| Q1 25 | $8.5B | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | $2.2B | $961.0M |
| Q4 25 | $17.0B | $3.8B | ||
| Q3 25 | $16.5B | $3.7B | ||
| Q2 25 | $16.1B | $3.4B | ||
| Q1 25 | $15.0B | $3.2B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $4.2B | $2.6B | ||
| Q1 24 | — | $2.5B |
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 | $123.3M |
| Free Cash FlowOCF − Capex | — | $118.5M |
| FCF MarginFCF / Revenue | — | 13.0% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 0.91× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $123.3M | ||
| Q3 25 | $745.0M | $186.9M | ||
| Q2 25 | $529.0M | $81.3M | ||
| Q1 25 | $265.0M | $237.3M | ||
| Q4 24 | — | $143.8M | ||
| Q3 24 | $567.0M | $153.8M | ||
| Q2 24 | $159.0M | $120.8M | ||
| Q1 24 | $516.0M | $111.5M |
| Q4 25 | — | $118.5M | ||
| Q3 25 | — | $171.4M | ||
| Q2 25 | — | $70.1M | ||
| Q1 25 | — | $227.2M | ||
| Q4 24 | — | $134.9M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $118.0M | ||
| Q1 24 | — | $109.2M |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 14.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 0.91× | 0.94× | ||
| Q3 25 | 1.08× | 1.27× | ||
| Q2 25 | 0.91× | 0.52× | ||
| Q1 25 | 0.52× | 1.51× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | 1.06× | 1.33× | ||
| Q2 24 | 1.28× | 0.99× | ||
| Q1 24 | 1.38× | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
