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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.7× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 2.8%, a 53.9% 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.
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
BAM vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.9B |
| Net Profit | $615.0M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 84.2% | 4.2% |
| Net Margin | 56.7% | 2.8% |
| Revenue YoY | — | 6.7% |
| Net Profit YoY | — | -4.2% |
| EPS (diluted) | — | $0.94 |
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 | $1.9B | ||
| Q3 25 | $974.0M | $2.2B | ||
| Q2 25 | $931.0M | $1.9B | ||
| Q1 25 | $954.0M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.0M | $1.6B | ||
| Q2 24 | $821.0M | $1.6B | ||
| Q1 24 | $786.0M | $1.4B |
| Q4 25 | $615.0M | $51.7M | ||
| Q3 25 | $692.0M | $94.6M | ||
| Q2 25 | $584.0M | $84.3M | ||
| Q1 25 | $507.0M | $44.2M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $537.0M | $58.4M | ||
| Q2 24 | $124.0M | $49.5M | ||
| Q1 24 | $373.0M | $18.9M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | 84.2% | 4.2% | ||
| Q3 25 | 79.1% | 6.3% | ||
| Q2 25 | 70.8% | 6.7% | ||
| Q1 25 | 61.0% | 4.3% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 72.5% | 6.0% | ||
| Q2 24 | 80.4% | 5.5% | ||
| Q1 24 | 56.5% | 3.1% |
| Q4 25 | 56.7% | 2.8% | ||
| Q3 25 | 71.0% | 4.3% | ||
| Q2 25 | 62.7% | 4.5% | ||
| Q1 25 | 53.1% | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 61.5% | 3.5% | ||
| Q2 24 | 15.1% | 3.2% | ||
| Q1 24 | 47.5% | 1.3% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.73 | ||
| Q2 25 | — | $1.54 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | — | $0.35 |
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 | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $8.9B | $1.7B |
| Total Assets | $17.0B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $535.5M | ||
| Q3 25 | $1.1B | $431.4M | ||
| Q2 25 | $480.0M | $390.3M | ||
| Q1 25 | $332.0M | $351.6M | ||
| Q4 24 | — | $455.8M | ||
| Q3 24 | — | $352.7M | ||
| Q2 24 | $10.0M | $207.4M | ||
| Q1 24 | — | $177.6M |
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
| Q4 25 | $8.9B | $1.7B | ||
| Q3 25 | $8.5B | $1.6B | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $8.5B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
| Q4 25 | $17.0B | $4.4B | ||
| Q3 25 | $16.5B | $4.6B | ||
| Q2 25 | $16.1B | $4.5B | ||
| Q1 25 | $15.0B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $4.2B | $4.0B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | — | $121.1M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 0.91× | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $142.9M | ||
| Q3 25 | $745.0M | $182.9M | ||
| Q2 25 | $529.0M | $78.5M | ||
| Q1 25 | $265.0M | $66.2M | ||
| Q4 24 | — | $298.3M | ||
| Q3 24 | $567.0M | $222.5M | ||
| Q2 24 | $159.0M | $16.1M | ||
| Q1 24 | $516.0M | $-28.5M |
| Q4 25 | — | $121.1M | ||
| Q3 25 | — | $148.4M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | — | $158.8M | ||
| Q2 24 | — | $-8.1M | ||
| Q1 24 | — | $-38.9M |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 0.91× | 2.76× | ||
| Q3 25 | 1.08× | 1.93× | ||
| Q2 25 | 0.91× | 0.93× | ||
| Q1 25 | 0.52× | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 1.06× | 3.81× | ||
| Q2 24 | 1.28× | 0.32× | ||
| Q1 24 | 1.38× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
