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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and TORO CO (TTC). Click either name above to swap in a different company.

TORO CO is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 4.7%, a 52.0% 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.

The Toro Company is an American company based in the Minneapolis suburb of Bloomington, Minnesota, that designs, manufactures, and markets lawn mowers, snow blowers, and irrigation system supplies for commercial and residential, agricultural, and public sector uses.

BAM vs TTC — Head-to-Head

Bigger by revenue
TTC
TTC
1.0× larger
TTC
$1.1B
$1.1B
BAM
Higher net margin
BAM
BAM
52.0% more per $
BAM
56.7%
4.7%
TTC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BAM
BAM
TTC
TTC
Revenue
$1.1B
$1.1B
Net Profit
$615.0M
$53.5M
Gross Margin
33.7%
Operating Margin
84.2%
5.7%
Net Margin
56.7%
4.7%
Revenue YoY
-2.2%
Net Profit YoY
-55.2%
EPS (diluted)
$0.54

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
TTC
TTC
Q4 25
$1.1B
Q3 25
$974.0M
$1.1B
Q2 25
$931.0M
$1.3B
Q1 25
$954.0M
$995.0M
Q3 24
$873.0M
$1.2B
Q2 24
$821.0M
$1.3B
Q1 24
$786.0M
$1.0B
Q3 23
$1.1B
Net Profit
BAM
BAM
TTC
TTC
Q4 25
$615.0M
Q3 25
$692.0M
$53.5M
Q2 25
$584.0M
$136.8M
Q1 25
$507.0M
$52.8M
Q3 24
$537.0M
$119.3M
Q2 24
$124.0M
$144.8M
Q1 24
$373.0M
$64.9M
Q3 23
Gross Margin
BAM
BAM
TTC
TTC
Q4 25
Q3 25
33.7%
Q2 25
33.1%
Q1 25
33.7%
Q3 24
34.8%
Q2 24
33.6%
Q1 24
34.4%
Q3 23
34.4%
Operating Margin
BAM
BAM
TTC
TTC
Q4 25
84.2%
Q3 25
79.1%
5.7%
Q2 25
70.8%
13.3%
Q1 25
61.0%
7.8%
Q3 24
72.5%
12.8%
Q2 24
80.4%
13.9%
Q1 24
56.5%
8.8%
Q3 23
-1.8%
Net Margin
BAM
BAM
TTC
TTC
Q4 25
56.7%
Q3 25
71.0%
4.7%
Q2 25
62.7%
10.4%
Q1 25
53.1%
5.3%
Q3 24
61.5%
10.3%
Q2 24
15.1%
10.7%
Q1 24
47.5%
6.5%
Q3 23
EPS (diluted)
BAM
BAM
TTC
TTC
Q4 25
Q3 25
$0.54
Q2 25
$1.37
Q1 25
$0.52
Q3 24
$1.14
Q2 24
$1.38
Q1 24
$0.62
Q3 23
$-0.14

Balance Sheet & Financial Strength

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

Metric
BAM
BAM
TTC
TTC
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$8.9B
$1.4B
Total Assets
$17.0B
$3.5B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAM
BAM
TTC
TTC
Q4 25
$1.6B
Q3 25
$1.1B
Q2 25
$480.0M
Q1 25
$332.0M
Q3 24
Q2 24
$10.0M
Q1 24
Q3 23
Total Debt
BAM
BAM
TTC
TTC
Q4 25
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q3 24
$991.9M
Q2 24
$1.0B
Q1 24
$1.2B
Q3 23
$1.1B
Stockholders' Equity
BAM
BAM
TTC
TTC
Q4 25
$8.9B
Q3 25
$8.5B
$1.4B
Q2 25
$8.5B
$1.5B
Q1 25
$8.5B
$1.5B
Q3 24
$9.0B
$1.6B
Q2 24
$3.2B
$1.7B
Q1 24
$2.2B
$1.5B
Q3 23
$1.5B
Total Assets
BAM
BAM
TTC
TTC
Q4 25
$17.0B
Q3 25
$16.5B
$3.5B
Q2 25
$16.1B
$3.8B
Q1 25
$15.0B
$3.7B
Q3 24
$3.7B
Q2 24
$4.2B
$3.9B
Q1 24
$3.8B
Q3 23
$3.6B
Debt / Equity
BAM
BAM
TTC
TTC
Q4 25
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.75×
Q3 24
0.61×
Q2 24
0.62×
Q1 24
0.77×
Q3 23
0.72×

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
TTC
TTC
Operating Cash FlowLast quarter
$562.0M
$225.8M
Free Cash FlowOCF − Capex
$207.2M
FCF MarginFCF / Revenue
18.3%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.91×
4.22×
TTM Free Cash FlowTrailing 4 quarters
$462.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAM
BAM
TTC
TTC
Q4 25
$562.0M
Q3 25
$745.0M
$225.8M
Q2 25
$529.0M
$171.7M
Q1 25
$265.0M
$-48.6M
Q3 24
$567.0M
$194.7M
Q2 24
$159.0M
$227.3M
Q1 24
$516.0M
$-92.2M
Q3 23
$93.0M
Free Cash Flow
BAM
BAM
TTC
TTC
Q4 25
Q3 25
$207.2M
Q2 25
$152.4M
Q1 25
$-67.7M
Q3 24
$170.6M
Q2 24
$206.9M
Q1 24
$-111.3M
Q3 23
$57.4M
FCF Margin
BAM
BAM
TTC
TTC
Q4 25
Q3 25
18.3%
Q2 25
11.6%
Q1 25
-6.8%
Q3 24
14.7%
Q2 24
15.3%
Q1 24
-11.1%
Q3 23
5.3%
Capex Intensity
BAM
BAM
TTC
TTC
Q4 25
Q3 25
1.6%
Q2 25
1.5%
Q1 25
1.9%
Q3 24
2.1%
Q2 24
1.5%
Q1 24
1.9%
Q3 23
3.3%
Cash Conversion
BAM
BAM
TTC
TTC
Q4 25
0.91×
Q3 25
1.08×
4.22×
Q2 25
0.91×
1.26×
Q1 25
0.52×
-0.92×
Q3 24
1.06×
1.63×
Q2 24
1.28×
1.57×
Q1 24
1.38×
-1.42×
Q3 23

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%

TTC
TTC

Equipment Products And Services$815.7M72%
Residential Segment$192.8M17%
Irrigation$115.1M10%

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