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Side-by-side financial comparison of Brookfield Asset Management Ltd. (BAM) and WATTS WATER TECHNOLOGIES INC (WTS). 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 $625.1M, roughly 1.7× WATTS WATER TECHNOLOGIES INC). Brookfield Asset Management Ltd. runs the higher net margin — 56.7% vs 13.4%, a 43.3% 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
BAM vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $625.1M |
| Net Profit | $615.0M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 84.2% | 18.2% |
| Net Margin | 56.7% | 13.4% |
| Revenue YoY | — | 15.7% |
| Net Profit YoY | — | 24.0% |
| EPS (diluted) | — | $2.50 |
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 | $625.1M | ||
| Q3 25 | $974.0M | $611.7M | ||
| Q2 25 | $931.0M | $643.7M | ||
| Q1 25 | $954.0M | $558.0M | ||
| Q4 24 | — | $540.4M | ||
| Q3 24 | $873.0M | $543.6M | ||
| Q2 24 | $821.0M | $597.3M | ||
| Q1 24 | $786.0M | $570.9M |
| Q4 25 | $615.0M | $83.7M | ||
| Q3 25 | $692.0M | $82.2M | ||
| Q2 25 | $584.0M | $100.9M | ||
| Q1 25 | $507.0M | $74.0M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | $537.0M | $69.1M | ||
| Q2 24 | $124.0M | $82.0M | ||
| Q1 24 | $373.0M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 84.2% | 18.2% | ||
| Q3 25 | 79.1% | 18.2% | ||
| Q2 25 | 70.8% | 21.0% | ||
| Q1 25 | 61.0% | 15.7% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | 72.5% | 17.1% | ||
| Q2 24 | 80.4% | 18.7% | ||
| Q1 24 | 56.5% | 16.9% |
| Q4 25 | 56.7% | 13.4% | ||
| Q3 25 | 71.0% | 13.4% | ||
| Q2 25 | 62.7% | 15.7% | ||
| Q1 25 | 53.1% | 13.3% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 61.5% | 12.7% | ||
| Q2 24 | 15.1% | 13.7% | ||
| Q1 24 | 47.5% | 12.7% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | — | $2.45 | ||
| Q2 25 | — | $3.01 | ||
| Q1 25 | — | $2.21 | ||
| Q4 24 | — | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | — | $2.44 | ||
| Q1 24 | — | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $2.0B |
| Total Assets | $17.0B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $405.5M | ||
| Q3 25 | $1.1B | $457.7M | ||
| Q2 25 | $480.0M | $369.3M | ||
| Q1 25 | $332.0M | $336.8M | ||
| Q4 24 | — | $386.9M | ||
| Q3 24 | — | $303.9M | ||
| Q2 24 | $10.0M | $279.4M | ||
| Q1 24 | — | $237.1M |
| Q4 25 | $8.9B | $2.0B | ||
| Q3 25 | $8.5B | $2.0B | ||
| Q2 25 | $8.5B | $1.9B | ||
| Q1 25 | $8.5B | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $3.2B | $1.6B | ||
| Q1 24 | $2.2B | $1.6B |
| Q4 25 | $17.0B | $2.9B | ||
| Q3 25 | $16.5B | $2.7B | ||
| Q2 25 | $16.1B | $2.6B | ||
| Q1 25 | $15.0B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | $4.2B | $2.4B | ||
| Q1 24 | — | $2.3B |
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 | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.91× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $562.0M | $154.7M | ||
| Q3 25 | $745.0M | $122.4M | ||
| Q2 25 | $529.0M | $69.7M | ||
| Q1 25 | $265.0M | $55.2M | ||
| Q4 24 | — | $139.5M | ||
| Q3 24 | $567.0M | $90.7M | ||
| Q2 24 | $159.0M | $85.3M | ||
| Q1 24 | $516.0M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 0.91× | 1.85× | ||
| Q3 25 | 1.08× | 1.49× | ||
| Q2 25 | 0.91× | 0.69× | ||
| Q1 25 | 0.52× | 0.75× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | 1.06× | 1.31× | ||
| Q2 24 | 1.28× | 1.04× | ||
| Q1 24 | 1.38× | 0.63× |
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% |
WTS
Segment breakdown not available.
