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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.4× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -3.1%, a 59.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
BAM vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.5B |
| Net Profit | $615.0M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | -2.9% |
| Net Margin | 56.7% | -3.1% |
| Revenue YoY | — | -11.9% |
| Net Profit YoY | — | -84.0% |
| EPS (diluted) | — | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $974.0M | $1.4B | ||
| Q2 25 | $931.0M | $1.4B | ||
| Q1 25 | $954.0M | $1.4B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $930.0M | ||
| Q1 24 | $786.0M | $913.0M |
| Q4 25 | $615.0M | $-46.0M | ||
| Q3 25 | $692.0M | $-14.0M | ||
| Q2 25 | $584.0M | $-9.0M | ||
| Q1 25 | $507.0M | $-31.0M | ||
| Q4 24 | — | $-25.0M | ||
| Q3 24 | $537.0M | $-243.0M | ||
| Q2 24 | $124.0M | $-7.0M | ||
| Q1 24 | $373.0M | $-15.0M |
| Q4 25 | 84.2% | -2.9% | ||
| Q3 25 | 79.1% | -0.5% | ||
| Q2 25 | 70.8% | — | ||
| Q1 25 | 61.0% | -2.1% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | 72.5% | -1.9% | ||
| Q2 24 | 80.4% | — | ||
| Q1 24 | 56.5% | -1.3% |
| Q4 25 | 56.7% | -3.1% | ||
| Q3 25 | 71.0% | -1.0% | ||
| Q2 25 | 62.7% | -0.6% | ||
| Q1 25 | 53.1% | -2.2% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | 61.5% | -23.4% | ||
| Q2 24 | 15.1% | -0.8% | ||
| Q1 24 | 47.5% | -1.6% |
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $8.9B | $1.5B |
| Total Assets | $17.0B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $480.0M | $18.0M | ||
| Q1 25 | $332.0M | $16.0M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | $10.0M | $7.0M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | $1.6B | ||
| Q2 25 | $8.5B | $1.6B | ||
| Q1 25 | $8.5B | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $3.2B | $579.0M | ||
| Q1 24 | $2.2B | $582.0M |
| Q4 25 | $17.0B | $3.3B | ||
| Q3 25 | $16.5B | $3.2B | ||
| Q2 25 | $16.1B | $3.2B | ||
| Q1 25 | $15.0B | $3.3B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $4.2B | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $7.0M | ||
| Q3 25 | $745.0M | $23.0M | ||
| Q2 25 | $529.0M | $23.0M | ||
| Q1 25 | $265.0M | $-2.0M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | $567.0M | $-7.0M | ||
| Q2 24 | $159.0M | $-5.0M | ||
| Q1 24 | $516.0M | $7.0M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
