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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and PHINIA INC. (PHIN). 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 $889.0M, roughly 1.2× PHINIA INC.).

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.

PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.

BAM vs PHIN — Head-to-Head

Bigger by revenue
BAM
BAM
1.2× larger
BAM
$1.1B
$889.0M
PHIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BAM
BAM
PHIN
PHIN
Revenue
$1.1B
$889.0M
Net Profit
$615.0M
Gross Margin
21.7%
Operating Margin
84.2%
7.8%
Net Margin
56.7%
Revenue YoY
6.7%
Net Profit YoY
EPS (diluted)
$1.14

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
PHIN
PHIN
Q4 25
$1.1B
$889.0M
Q3 25
$974.0M
$908.0M
Q2 25
$931.0M
$890.0M
Q1 25
$954.0M
$796.0M
Q4 24
$833.0M
Q3 24
$873.0M
$839.0M
Q2 24
$821.0M
$868.0M
Q1 24
$786.0M
$863.0M
Net Profit
BAM
BAM
PHIN
PHIN
Q4 25
$615.0M
Q3 25
$692.0M
$13.0M
Q2 25
$584.0M
$46.0M
Q1 25
$507.0M
$26.0M
Q4 24
Q3 24
$537.0M
$31.0M
Q2 24
$124.0M
$14.0M
Q1 24
$373.0M
$29.0M
Gross Margin
BAM
BAM
PHIN
PHIN
Q4 25
21.7%
Q3 25
22.0%
Q2 25
22.1%
Q1 25
21.6%
Q4 24
22.7%
Q3 24
22.3%
Q2 24
21.7%
Q1 24
22.2%
Operating Margin
BAM
BAM
PHIN
PHIN
Q4 25
84.2%
7.8%
Q3 25
79.1%
3.7%
Q2 25
70.8%
10.0%
Q1 25
61.0%
7.8%
Q4 24
6.1%
Q3 24
72.5%
7.9%
Q2 24
80.4%
8.2%
Q1 24
56.5%
8.2%
Net Margin
BAM
BAM
PHIN
PHIN
Q4 25
56.7%
Q3 25
71.0%
1.4%
Q2 25
62.7%
5.2%
Q1 25
53.1%
3.3%
Q4 24
Q3 24
61.5%
3.7%
Q2 24
15.1%
1.6%
Q1 24
47.5%
3.4%
EPS (diluted)
BAM
BAM
PHIN
PHIN
Q4 25
$1.14
Q3 25
$0.33
Q2 25
$1.14
Q1 25
$0.63
Q4 24
$0.13
Q3 24
$0.70
Q2 24
$0.31
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
BAM
BAM
PHIN
PHIN
Cash + ST InvestmentsLiquidity on hand
$1.6B
$359.0M
Total DebtLower is stronger
$970.0M
Stockholders' EquityBook value
$8.9B
$1.6B
Total Assets
$17.0B
$3.8B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
PHIN
PHIN
Q4 25
$1.6B
$359.0M
Q3 25
$1.1B
$349.0M
Q2 25
$480.0M
$347.0M
Q1 25
$332.0M
$373.0M
Q4 24
$484.0M
Q3 24
$477.0M
Q2 24
$10.0M
$339.0M
Q1 24
$325.0M
Total Debt
BAM
BAM
PHIN
PHIN
Q4 25
$970.0M
Q3 25
$990.0M
Q2 25
$990.0M
Q1 25
$989.0M
Q4 24
$988.0M
Q3 24
$987.0M
Q2 24
$821.0M
Q1 24
$706.0M
Stockholders' Equity
BAM
BAM
PHIN
PHIN
Q4 25
$8.9B
$1.6B
Q3 25
$8.5B
$1.6B
Q2 25
$8.5B
$1.6B
Q1 25
$8.5B
$1.5B
Q4 24
$1.6B
Q3 24
$9.0B
$1.7B
Q2 24
$3.2B
$1.7B
Q1 24
$2.2B
$1.9B
Total Assets
BAM
BAM
PHIN
PHIN
Q4 25
$17.0B
$3.8B
Q3 25
$16.5B
$4.0B
Q2 25
$16.1B
$3.9B
Q1 25
$15.0B
$3.7B
Q4 24
$3.8B
Q3 24
$4.0B
Q2 24
$4.2B
$3.9B
Q1 24
$4.0B
Debt / Equity
BAM
BAM
PHIN
PHIN
Q4 25
0.61×
Q3 25
0.62×
Q2 25
0.61×
Q1 25
0.64×
Q4 24
0.63×
Q3 24
0.58×
Q2 24
0.47×
Q1 24
0.38×

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
PHIN
PHIN
Operating Cash FlowLast quarter
$562.0M
$96.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$188.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
PHIN
PHIN
Q4 25
$562.0M
$96.0M
Q3 25
$745.0M
$119.0M
Q2 25
$529.0M
$57.0M
Q1 25
$265.0M
$40.0M
Q4 24
$73.0M
Q3 24
$567.0M
$95.0M
Q2 24
$159.0M
$109.0M
Q1 24
$516.0M
$31.0M
Free Cash Flow
BAM
BAM
PHIN
PHIN
Q4 25
$67.0M
Q3 25
$93.0M
Q2 25
$23.0M
Q1 25
$5.0M
Q4 24
$53.0M
Q3 24
$70.0M
Q2 24
$92.0M
Q1 24
$-12.0M
FCF Margin
BAM
BAM
PHIN
PHIN
Q4 25
7.5%
Q3 25
10.2%
Q2 25
2.6%
Q1 25
0.6%
Q4 24
6.4%
Q3 24
8.3%
Q2 24
10.6%
Q1 24
-1.4%
Capex Intensity
BAM
BAM
PHIN
PHIN
Q4 25
3.3%
Q3 25
2.9%
Q2 25
3.8%
Q1 25
4.4%
Q4 24
2.4%
Q3 24
3.0%
Q2 24
2.0%
Q1 24
5.0%
Cash Conversion
BAM
BAM
PHIN
PHIN
Q4 25
0.91×
Q3 25
1.08×
9.15×
Q2 25
0.91×
1.24×
Q1 25
0.52×
1.54×
Q4 24
Q3 24
1.06×
3.06×
Q2 24
1.28×
7.79×
Q1 24
1.38×
1.07×

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%

PHIN
PHIN

Customer$618.0M70%
Fuel Systems$194.0M22%
Other$77.0M9%

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