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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.1B, roughly 1.9× Brookfield Asset Management Ltd.). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 14.4%, a 42.3% 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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
BAM vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $2.1B |
| Net Profit | $615.0M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 84.2% | 22.0% |
| Net Margin | 56.7% | 14.4% |
| Revenue YoY | — | 3.9% |
| Net Profit YoY | — | -20.8% |
| EPS (diluted) | — | $1.34 |
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 | $2.1B | ||
| Q3 25 | $974.0M | $1.2B | ||
| Q2 25 | $931.0M | $1.4B | ||
| Q1 25 | $954.0M | $2.6B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $873.0M | $1.2B | ||
| Q2 24 | $821.0M | $1.4B | ||
| Q1 24 | $786.0M | $2.4B |
| Q4 25 | $615.0M | $297.0M | ||
| Q3 25 | $692.0M | $-13.0M | ||
| Q2 25 | $584.0M | $-163.0M | ||
| Q1 25 | $507.0M | $479.0M | ||
| Q4 24 | — | $375.0M | ||
| Q3 24 | $537.0M | $-273.0M | ||
| Q2 24 | $124.0M | $-48.0M | ||
| Q1 24 | $373.0M | $496.0M |
| Q4 25 | 84.2% | 22.0% | ||
| Q3 25 | 79.1% | 1.1% | ||
| Q2 25 | 70.8% | -6.8% | ||
| Q1 25 | 61.0% | 26.6% | ||
| Q4 24 | — | 24.5% | ||
| Q3 24 | 72.5% | -20.4% | ||
| Q2 24 | 80.4% | 5.0% | ||
| Q1 24 | 56.5% | 29.7% |
| Q4 25 | 56.7% | 14.4% | ||
| Q3 25 | 71.0% | -1.1% | ||
| Q2 25 | 62.7% | -12.0% | ||
| Q1 25 | 53.1% | 18.2% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | 61.5% | -22.6% | ||
| Q2 24 | 15.1% | -3.6% | ||
| Q1 24 | 47.5% | 20.6% |
| Q4 25 | — | $1.34 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.76 | ||
| Q1 25 | — | $2.19 | ||
| Q4 24 | — | $1.74 | ||
| Q3 24 | — | $-1.26 | ||
| Q2 24 | — | $-0.23 | ||
| Q1 24 | — | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $8.9B | $5.0B |
| Total Assets | $17.0B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $251.0M | ||
| Q3 25 | $1.1B | $335.0M | ||
| Q2 25 | $480.0M | $350.0M | ||
| Q1 25 | $332.0M | $426.0M | ||
| Q4 24 | — | $240.0M | ||
| Q3 24 | — | $213.0M | ||
| Q2 24 | $10.0M | $183.0M | ||
| Q1 24 | — | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $8.9B | $5.0B | ||
| Q3 25 | $8.5B | $4.8B | ||
| Q2 25 | $8.5B | $4.9B | ||
| Q1 25 | $8.5B | $5.0B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | $9.0B | $4.3B | ||
| Q2 24 | $3.2B | $4.7B | ||
| Q1 24 | $2.2B | $4.8B |
| Q4 25 | $17.0B | $15.8B | ||
| Q3 25 | $16.5B | $15.5B | ||
| Q2 25 | $16.1B | $15.4B | ||
| Q1 25 | $15.0B | $15.7B | ||
| Q4 24 | — | $15.4B | ||
| Q3 24 | — | $15.1B | ||
| Q2 24 | $4.2B | $15.1B | ||
| Q1 24 | — | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | — | $-155.0M |
| FCF MarginFCF / Revenue | — | -7.5% |
| Capex IntensityCapex / Revenue | — | 10.7% |
| Cash ConversionOCF / Net Profit | 0.91× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $66.0M | ||
| Q3 25 | $745.0M | $90.0M | ||
| Q2 25 | $529.0M | $289.0M | ||
| Q1 25 | $265.0M | $684.0M | ||
| Q4 24 | — | $164.0M | ||
| Q3 24 | $567.0M | $151.0M | ||
| Q2 24 | $159.0M | $390.0M | ||
| Q1 24 | $516.0M | $522.0M |
| Q4 25 | — | $-155.0M | ||
| Q3 25 | — | $-168.0M | ||
| Q2 25 | — | $67.0M | ||
| Q1 25 | — | $538.0M | ||
| Q4 24 | — | $-47.0M | ||
| Q3 24 | — | $-115.0M | ||
| Q2 24 | — | $185.0M | ||
| Q1 24 | — | $353.0M |
| Q4 25 | — | -7.5% | ||
| Q3 25 | — | -14.4% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | — | -9.5% | ||
| Q2 24 | — | 13.7% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 0.91× | 0.22× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | 1.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | 1.05× |
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% |
UGI
Segment breakdown not available.
