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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Brookfield Asset Management Ltd. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× VALMONT INDUSTRIES INC). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 10.5%, a 46.2% 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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
BAM vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.0B |
| Net Profit | $615.0M | $108.0M |
| Gross Margin | — | 30.8% |
| Operating Margin | 84.2% | 15.1% |
| Net Margin | 56.7% | 10.5% |
| Revenue YoY | — | 6.2% |
| Net Profit YoY | — | 23.8% |
| EPS (diluted) | — | $5.51 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $974.0M | $1.0B | ||
| Q2 25 | $931.0M | $1.1B | ||
| Q1 25 | $954.0M | $969.3M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $615.0M | $168.0M | ||
| Q3 25 | $692.0M | $99.0M | ||
| Q2 25 | $584.0M | $-4.0M | ||
| Q1 25 | $507.0M | $87.3M | ||
| Q4 24 | — | $77.7M | ||
| Q3 24 | $537.0M | $83.1M | ||
| Q2 24 | $124.0M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 84.2% | 11.2% | ||
| Q3 25 | 79.1% | 13.5% | ||
| Q2 25 | 70.8% | 2.8% | ||
| Q1 25 | 61.0% | 13.2% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | 72.5% | 12.3% | ||
| Q2 24 | 80.4% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 56.7% | 16.2% | ||
| Q3 25 | 71.0% | 9.5% | ||
| Q2 25 | 62.7% | -0.4% | ||
| Q1 25 | 53.1% | 9.0% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 61.5% | 8.1% | ||
| Q2 24 | 15.1% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | — | $9.02 | ||
| Q3 25 | — | $4.98 | ||
| Q2 25 | — | $-1.53 | ||
| Q1 25 | — | $4.32 | ||
| Q4 24 | — | $3.85 | ||
| Q3 24 | — | $4.11 | ||
| Q2 24 | — | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $1.7B |
| Total Assets | $17.0B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $1.6B | $187.1M | ||
| Q3 25 | $1.1B | $226.1M | ||
| Q2 25 | $480.0M | $208.5M | ||
| Q1 25 | $332.0M | $184.4M | ||
| Q4 24 | — | $164.3M | ||
| Q3 24 | — | $200.5M | ||
| Q2 24 | $10.0M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $8.9B | $1.6B | ||
| Q3 25 | $8.5B | $1.6B | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $8.5B | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $9.0B | $1.5B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $17.0B | $3.4B | ||
| Q3 25 | $16.5B | $3.4B | ||
| Q2 25 | $16.1B | $3.3B | ||
| Q1 25 | $15.0B | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.5B | ||
| Q2 24 | $4.2B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $111.2M | ||
| Q3 25 | $745.0M | $112.5M | ||
| Q2 25 | $529.0M | $167.6M | ||
| Q1 25 | $265.0M | $65.1M | ||
| Q4 24 | — | $193.4M | ||
| Q3 24 | $567.0M | $225.1M | ||
| Q2 24 | $159.0M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.4M | ||
| Q3 25 | — | $70.6M | ||
| Q2 25 | — | $135.6M | ||
| Q1 25 | — | $34.8M | ||
| Q4 24 | — | $167.8M | ||
| Q3 24 | — | $204.6M | ||
| Q2 24 | — | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 0.66× | ||
| Q3 25 | 1.08× | 1.14× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | 0.75× | ||
| Q4 24 | — | 2.49× | ||
| Q3 24 | 1.06× | 2.71× | ||
| Q2 24 | 1.28× | 1.31× |
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% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
