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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.3× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 4.4%, a 52.3% 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.

BAM vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.3× larger
PACS
$1.4B
$1.1B
BAM
Higher net margin
BAM
BAM
52.3% more per $
BAM
56.7%
4.4%
PACS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BAM
BAM
PACS
PACS
Revenue
$1.1B
$1.4B
Net Profit
$615.0M
$59.7M
Gross Margin
Operating Margin
84.2%
7.0%
Net Margin
56.7%
4.4%
Revenue YoY
18.4%
Net Profit YoY
3022.5%
EPS (diluted)
$0.42

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.

Revenue
BAM
BAM
PACS
PACS
Q4 25
$1.1B
$1.4B
Q3 25
$974.0M
$1.3B
Q2 25
$931.0M
$1.3B
Q1 25
$954.0M
$1.3B
Q4 24
$1.1B
Q3 24
$873.0M
$1.0B
Q2 24
$821.0M
$981.4M
Q1 24
$786.0M
$934.3M
Net Profit
BAM
BAM
PACS
PACS
Q4 25
$615.0M
$59.7M
Q3 25
$692.0M
$52.4M
Q2 25
$584.0M
$51.0M
Q1 25
$507.0M
$28.5M
Q4 24
$1.9M
Q3 24
$537.0M
$15.6M
Q2 24
$124.0M
$-10.9M
Q1 24
$373.0M
$49.1M
Gross Margin
BAM
BAM
PACS
PACS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Q1 24
21.2%
Operating Margin
BAM
BAM
PACS
PACS
Q4 25
84.2%
7.0%
Q3 25
79.1%
6.4%
Q2 25
70.8%
6.2%
Q1 25
61.0%
3.8%
Q4 24
1.7%
Q3 24
72.5%
2.2%
Q2 24
80.4%
0.1%
Q1 24
56.5%
8.6%
Net Margin
BAM
BAM
PACS
PACS
Q4 25
56.7%
4.4%
Q3 25
71.0%
3.9%
Q2 25
62.7%
3.9%
Q1 25
53.1%
2.2%
Q4 24
0.2%
Q3 24
61.5%
1.5%
Q2 24
15.1%
-1.1%
Q1 24
47.5%
5.3%
EPS (diluted)
BAM
BAM
PACS
PACS
Q4 25
$0.42
Q3 25
$0.32
Q2 25
$0.31
Q1 25
$0.17
Q4 24
$-0.03
Q3 24
$0.10
Q2 24
$-0.07
Q1 24
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAM
BAM
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$1.6B
$197.0M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$8.9B
$946.8M
Total Assets
$17.0B
$5.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
PACS
PACS
Q4 25
$1.6B
$197.0M
Q3 25
$1.1B
$355.7M
Q2 25
$480.0M
$294.2M
Q1 25
$332.0M
$287.5M
Q4 24
$157.7M
Q3 24
$49.5M
Q2 24
$10.0M
$73.4M
Q1 24
$81.2M
Total Debt
BAM
BAM
PACS
PACS
Q4 25
$353.2M
Q3 25
Q2 25
Q1 25
Q4 24
$411.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BAM
BAM
PACS
PACS
Q4 25
$8.9B
$946.8M
Q3 25
$8.5B
$871.3M
Q2 25
$8.5B
$806.8M
Q1 25
$8.5B
$750.2M
Q4 24
$709.6M
Q3 24
$9.0B
$660.0M
Q2 24
$3.2B
$572.1M
Q1 24
$2.2B
$128.0M
Total Assets
BAM
BAM
PACS
PACS
Q4 25
$17.0B
$5.6B
Q3 25
$16.5B
$5.6B
Q2 25
$16.1B
$5.5B
Q1 25
$15.0B
$5.5B
Q4 24
$5.2B
Q3 24
$4.5B
Q2 24
$4.2B
$3.9B
Q1 24
$3.9B
Debt / Equity
BAM
BAM
PACS
PACS
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAM
BAM
PACS
PACS
Operating Cash FlowLast quarter
$562.0M
$-3.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.91×
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
PACS
PACS
Q4 25
$562.0M
$-3.4M
Q3 25
$745.0M
$204.8M
Q2 25
$529.0M
$52.6M
Q1 25
$265.0M
$150.2M
Q4 24
$64.6M
Q3 24
$567.0M
$209.2M
Q2 24
$159.0M
$34.8M
Q1 24
$516.0M
$58.8M
Cash Conversion
BAM
BAM
PACS
PACS
Q4 25
0.91×
-0.06×
Q3 25
1.08×
3.91×
Q2 25
0.91×
1.03×
Q1 25
0.52×
5.28×
Q4 24
33.78×
Q3 24
1.06×
13.39×
Q2 24
1.28×
Q1 24
1.38×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BAM
BAM

Incentive Fees$452.0M42%
Infrastruture$332.0M31%
Private Equity$174.0M16%
Renewable Power And Transition$66.0M6%
Other$47.0M4%
Management And Advisory Fees$14.0M1%

PACS
PACS

Segment breakdown not available.

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