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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs -24.2%, a 80.9% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
BAM vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $615.0M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 84.2% | -27.2% |
| Net Margin | 56.7% | -24.2% |
| Revenue YoY | — | 28.7% |
| Net Profit YoY | — | 9.4% |
| EPS (diluted) | — | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $974.0M | $1.1B | ||
| Q2 25 | $931.0M | $1.0B | ||
| Q1 25 | $954.0M | $986.8M | ||
| Q4 24 | — | $942.1M | ||
| Q3 24 | $873.0M | $868.8M | ||
| Q2 24 | $821.0M | $828.7M | ||
| Q1 24 | $786.0M | $774.7M |
| Q4 25 | $615.0M | $-294.0M | ||
| Q3 25 | $692.0M | $-298.0M | ||
| Q2 25 | $584.0M | $-430.1M | ||
| Q1 25 | $507.0M | $-327.5M | ||
| Q4 24 | — | $-324.3M | ||
| Q3 24 | $537.0M | $-316.9M | ||
| Q2 24 | $124.0M | $-317.0M | ||
| Q1 24 | $373.0M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
| Q4 25 | 84.2% | -27.2% | ||
| Q3 25 | 79.1% | -29.7% | ||
| Q2 25 | 70.8% | -42.9% | ||
| Q1 25 | 61.0% | -39.2% | ||
| Q4 24 | — | -38.8% | ||
| Q3 24 | 72.5% | -40.9% | ||
| Q2 24 | 80.4% | -42.1% | ||
| Q1 24 | 56.5% | -35.6% |
| Q4 25 | 56.7% | -24.2% | ||
| Q3 25 | 71.0% | -26.0% | ||
| Q2 25 | 62.7% | -41.3% | ||
| Q1 25 | 53.1% | -33.2% | ||
| Q4 24 | — | -34.4% | ||
| Q3 24 | 61.5% | -36.5% | ||
| Q2 24 | 15.1% | -38.3% | ||
| Q1 24 | 47.5% | -21.9% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.89 | ||
| Q2 25 | — | $-1.29 | ||
| Q1 25 | — | $-0.98 | ||
| Q4 24 | — | $-0.98 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $-0.95 | ||
| Q1 24 | — | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $2.1B |
| Total Assets | $17.0B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $480.0M | $2.2B | ||
| Q1 25 | $332.0M | $2.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $10.0M | $1.3B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | $8.9B | $2.1B | ||
| Q3 25 | $8.5B | $2.4B | ||
| Q2 25 | $8.5B | $2.4B | ||
| Q1 25 | $8.5B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $9.0B | $4.1B | ||
| Q2 24 | $3.2B | $4.6B | ||
| Q1 24 | $2.2B | $5.2B |
| Q4 25 | $17.0B | $8.2B | ||
| Q3 25 | $16.5B | $8.2B | ||
| Q2 25 | $16.1B | $8.2B | ||
| Q1 25 | $15.0B | $9.0B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $6.9B | ||
| Q2 24 | $4.2B | $7.3B | ||
| Q1 24 | — | $8.2B |
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 | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $137.5M | ||
| Q3 25 | $745.0M | $74.9M | ||
| Q2 25 | $529.0M | $228.4M | ||
| Q1 25 | $265.0M | $432.7M | ||
| Q4 24 | — | $101.7M | ||
| Q3 24 | $567.0M | $69.9M | ||
| Q2 24 | $159.0M | $355.5M | ||
| Q1 24 | $516.0M | $344.6M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | — | $331.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 42.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.7% |
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
