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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and EPLUS INC (PLUS). 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 $614.8M, roughly 1.8× EPLUS INC). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 5.7%, a 51.0% 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.

ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.

BAM vs PLUS — Head-to-Head

Bigger by revenue
BAM
BAM
1.8× larger
BAM
$1.1B
$614.8M
PLUS
Higher net margin
BAM
BAM
51.0% more per $
BAM
56.7%
5.7%
PLUS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BAM
BAM
PLUS
PLUS
Revenue
$1.1B
$614.8M
Net Profit
$615.0M
$35.1M
Gross Margin
25.8%
Operating Margin
84.2%
7.1%
Net Margin
56.7%
5.7%
Revenue YoY
20.3%
Net Profit YoY
45.2%
EPS (diluted)
$1.33

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
PLUS
PLUS
Q4 25
$1.1B
$614.8M
Q3 25
$974.0M
$608.8M
Q2 25
$931.0M
$637.3M
Q1 25
$954.0M
Q4 24
$493.2M
Q3 24
$873.0M
$493.4M
Q2 24
$821.0M
$535.7M
Q1 24
$786.0M
Net Profit
BAM
BAM
PLUS
PLUS
Q4 25
$615.0M
$35.1M
Q3 25
$692.0M
$34.9M
Q2 25
$584.0M
$37.7M
Q1 25
$507.0M
Q4 24
$24.1M
Q3 24
$537.0M
$31.3M
Q2 24
$124.0M
$27.3M
Q1 24
$373.0M
Gross Margin
BAM
BAM
PLUS
PLUS
Q4 25
25.8%
Q3 25
26.6%
Q2 25
23.3%
Q1 25
Q4 24
25.4%
Q3 24
25.8%
Q2 24
23.7%
Q1 24
Operating Margin
BAM
BAM
PLUS
PLUS
Q4 25
84.2%
7.1%
Q3 25
79.1%
8.0%
Q2 25
70.8%
5.7%
Q1 25
61.0%
Q4 24
3.3%
Q3 24
72.5%
5.5%
Q2 24
80.4%
5.9%
Q1 24
56.5%
Net Margin
BAM
BAM
PLUS
PLUS
Q4 25
56.7%
5.7%
Q3 25
71.0%
5.7%
Q2 25
62.7%
5.9%
Q1 25
53.1%
Q4 24
4.9%
Q3 24
61.5%
6.3%
Q2 24
15.1%
5.1%
Q1 24
47.5%
EPS (diluted)
BAM
BAM
PLUS
PLUS
Q4 25
$1.33
Q3 25
$1.32
Q2 25
$1.43
Q1 25
Q4 24
$0.91
Q3 24
$1.17
Q2 24
$1.02
Q1 24

Balance Sheet & Financial Strength

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

Metric
BAM
BAM
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$1.6B
$326.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.9B
$1.1B
Total Assets
$17.0B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
PLUS
PLUS
Q4 25
$1.6B
$326.3M
Q3 25
$1.1B
$402.2M
Q2 25
$480.0M
$480.2M
Q1 25
$332.0M
Q4 24
$253.1M
Q3 24
$187.5M
Q2 24
$10.0M
$349.9M
Q1 24
Stockholders' Equity
BAM
BAM
PLUS
PLUS
Q4 25
$8.9B
$1.1B
Q3 25
$8.5B
$1.0B
Q2 25
$8.5B
$1.0B
Q1 25
$8.5B
Q4 24
$962.3M
Q3 24
$9.0B
$947.0M
Q2 24
$3.2B
$921.9M
Q1 24
$2.2B
Total Assets
BAM
BAM
PLUS
PLUS
Q4 25
$17.0B
$1.8B
Q3 25
$16.5B
$1.8B
Q2 25
$16.1B
$1.8B
Q1 25
$15.0B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$4.2B
$1.7B
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
PLUS
PLUS
Operating Cash FlowLast quarter
$562.0M
$-87.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.91×
-2.49×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
PLUS
PLUS
Q4 25
$562.0M
$-87.4M
Q3 25
$745.0M
$-34.8M
Q2 25
$529.0M
$-99.0M
Q1 25
$265.0M
Q4 24
$65.7M
Q3 24
$567.0M
$-21.6M
Q2 24
$159.0M
$97.1M
Q1 24
$516.0M
Cash Conversion
BAM
BAM
PLUS
PLUS
Q4 25
0.91×
-2.49×
Q3 25
1.08×
-1.00×
Q2 25
0.91×
-2.63×
Q1 25
0.52×
Q4 24
2.72×
Q3 24
1.06×
-0.69×
Q2 24
1.28×
3.55×
Q1 24
1.38×

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%

PLUS
PLUS

All Others Customer End Market$107.0M17%
Technology Customer End Market$89.4M15%
Health Care Customer End Market$81.5M13%
Financial Services Customer End Market$66.1M11%
Professional Services Reporting Unit$64.1M10%
Security$61.1M10%
State And Local Government And Educational Institutions$59.9M10%
Managed Services Reporting Unit$48.8M8%
Other Product$21.1M3%
Collaboration$13.4M2%

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