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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Park Hotels & Resorts Inc. (PK). 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 $630.0M, roughly 1.7× Park Hotels & Resorts Inc.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 1.9%, a 54.8% 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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
BAM vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $630.0M |
| Net Profit | $615.0M | $12.0M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 9.8% |
| Net Margin | 56.7% | 1.9% |
| Revenue YoY | — | -1.3% |
| Net Profit YoY | — | 121.1% |
| EPS (diluted) | — | $0.05 |
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.
| Q1 26 | — | $630.0M | ||
| Q4 25 | $1.1B | $629.0M | ||
| Q3 25 | $974.0M | $610.0M | ||
| Q2 25 | $931.0M | $672.0M | ||
| Q1 25 | $954.0M | $630.0M | ||
| Q4 24 | — | $625.0M | ||
| Q3 24 | $873.0M | $649.0M | ||
| Q2 24 | $821.0M | $686.0M |
| Q1 26 | — | $12.0M | ||
| Q4 25 | $615.0M | $-205.0M | ||
| Q3 25 | $692.0M | $-16.0M | ||
| Q2 25 | $584.0M | $-5.0M | ||
| Q1 25 | $507.0M | $-57.0M | ||
| Q4 24 | — | $66.0M | ||
| Q3 24 | $537.0M | $54.0M | ||
| Q2 24 | $124.0M | $64.0M |
| Q1 26 | — | 9.8% | ||
| Q4 25 | 84.2% | -26.1% | ||
| Q3 25 | 79.1% | 9.7% | ||
| Q2 25 | 70.8% | 9.7% | ||
| Q1 25 | 61.0% | 1.1% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | 72.5% | 14.6% | ||
| Q2 24 | 80.4% | 17.6% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 56.7% | -32.6% | ||
| Q3 25 | 71.0% | -2.6% | ||
| Q2 25 | 62.7% | -0.7% | ||
| Q1 25 | 53.1% | -9.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 61.5% | 8.3% | ||
| Q2 24 | 15.1% | 9.3% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | — | $-1.04 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | — | $0.26 | ||
| Q2 24 | — | $0.30 |
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 | $156.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $3.1B |
| Total Assets | $17.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.0M | ||
| Q4 25 | $1.6B | $232.0M | ||
| Q3 25 | $1.1B | $278.0M | ||
| Q2 25 | $480.0M | $319.0M | ||
| Q1 25 | $332.0M | $233.0M | ||
| Q4 24 | — | $402.0M | ||
| Q3 24 | — | $480.0M | ||
| Q2 24 | $10.0M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $8.9B | $3.1B | ||
| Q3 25 | $8.5B | $3.4B | ||
| Q2 25 | $8.5B | $3.4B | ||
| Q1 25 | $8.5B | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $9.0B | $3.8B | ||
| Q2 24 | $3.2B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $17.0B | $7.7B | ||
| Q3 25 | $16.5B | $8.8B | ||
| Q2 25 | $16.1B | $8.9B | ||
| Q1 25 | $15.0B | $8.9B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | $4.2B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $105.0M | ||
| Q3 25 | $745.0M | $99.0M | ||
| Q2 25 | $529.0M | $108.0M | ||
| Q1 25 | $265.0M | $86.0M | ||
| Q4 24 | — | $80.0M | ||
| Q3 24 | $567.0M | $140.0M | ||
| Q2 24 | $159.0M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $17.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 9.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | 1.06× | 2.59× | ||
| Q2 24 | 1.28× | 1.83× |
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% |
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
