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AlTi Global, Inc.（ALTI）与布鲁克菲尔德资产管理（BAM）财务数据对比。点击上方公司名可切换其他公司
布鲁克菲尔德资产管理的季度营收约是AlTi Global, Inc.的12.5倍（$1.1B vs $86.6M）。布鲁克菲尔德资产管理净利率更高（56.7% vs -15.1%，领先71.8%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
布鲁克菲尔德资产管理有限公司是加美两地的另类资产管理机构，2022年12月从布鲁克菲尔德集团的资管业务分拆成立，在全球范围内管理不动产、基础设施、可再生能源、私募股权及信贷市场等领域的投资。
ALTI vs BAM — 直观对比
营收规模更大
BAM
是对方的12.5倍
$86.6M
净利率更高
BAM
高出71.8%
-15.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $1.1B |
| 净利润 | $-13.1M | $615.0M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 84.2% |
| 净利率 | -15.1% | 56.7% |
| 营收同比 | 87.0% | — |
| 净利润同比 | 75.6% | — |
| 每股收益（稀释后） | — | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALTIBAM
| Q4 25 | $86.6M | $1.1B | ||
| Q3 25 | $57.2M | $974.0M | ||
| Q2 25 | $53.1M | $931.0M | ||
| Q1 25 | $58.0M | $954.0M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $51.8M | $873.0M | ||
| Q2 24 | $49.5M | $821.0M | ||
| Q1 24 | $50.8M | $786.0M |
净利润ALTIBAM
| Q4 25 | $-13.1M | $615.0M | ||
| Q3 25 | $-84.1M | $692.0M | ||
| Q2 25 | $-24.4M | $584.0M | ||
| Q1 25 | $1.9M | $507.0M | ||
| Q4 24 | $-53.8M | — | ||
| Q3 24 | $-72.5M | $537.0M | ||
| Q2 24 | $-6.4M | $124.0M | ||
| Q1 24 | $29.7M | $373.0M |
营业利润率ALTIBAM
| Q4 25 | -2.1% | 84.2% | ||
| Q3 25 | -49.8% | 79.1% | ||
| Q2 25 | -56.7% | 70.8% | ||
| Q1 25 | -23.3% | 61.0% | ||
| Q4 24 | -42.7% | — | ||
| Q3 24 | -18.4% | 72.5% | ||
| Q2 24 | -30.2% | 80.4% | ||
| Q1 24 | -28.9% | 56.5% |
净利率ALTIBAM
| Q4 25 | -15.1% | 56.7% | ||
| Q3 25 | -147.0% | 71.0% | ||
| Q2 25 | -45.9% | 62.7% | ||
| Q1 25 | 3.3% | 53.1% | ||
| Q4 24 | -116.1% | — | ||
| Q3 24 | -140.0% | 61.5% | ||
| Q2 24 | -12.9% | 15.1% | ||
| Q1 24 | 58.4% | 47.5% |
每股收益（稀释后）ALTIBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-0.33 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.71 | — | ||
| Q3 24 | $-0.88 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $0.18 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.2M | $1.6B |
| 总债务越低越好 | $883.0K | — |
| 股东权益账面价值 | $600.1M | $8.9B |
| 总资产 | $1.2B | $17.0B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ALTIBAM
| Q4 25 | $41.2M | $1.6B | ||
| Q3 25 | $35.8M | $1.1B | ||
| Q2 25 | $42.4M | $480.0M | ||
| Q1 25 | $52.8M | $332.0M | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $220.6M | — | ||
| Q2 24 | $60.0M | $10.0M | ||
| Q1 24 | $134.2M | — |
总债务ALTIBAM
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIBAM
| Q4 25 | $600.1M | $8.9B | ||
| Q3 25 | $607.2M | $8.5B | ||
| Q2 25 | $685.4M | $8.5B | ||
| Q1 25 | $665.2M | $8.5B | ||
| Q4 24 | $658.4M | — | ||
| Q3 24 | $707.0M | $9.0B | ||
| Q2 24 | $540.2M | $3.2B | ||
| Q1 24 | $510.9M | $2.2B |
总资产ALTIBAM
| Q4 25 | $1.2B | $17.0B | ||
| Q3 25 | $1.2B | $16.5B | ||
| Q2 25 | $1.2B | $16.1B | ||
| Q1 25 | $1.2B | $15.0B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | $4.2B | ||
| Q1 24 | $1.3B | — |
负债/权益比ALTIBAM
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $562.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 0.91× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ALTIBAM
| Q4 25 | — | $562.0M | ||
| Q3 25 | — | $745.0M | ||
| Q2 25 | $-19.9M | $529.0M | ||
| Q1 25 | $-30.2M | $265.0M | ||
| Q4 24 | $-56.0K | — | ||
| Q3 24 | $-4.9M | $567.0M | ||
| Q2 24 | $-30.2M | $159.0M | ||
| Q1 24 | $-15.5M | $516.0M |
自由现金流ALTIBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-20.0M | — | ||
| Q1 25 | $-31.0M | — | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $-9.4M | — | ||
| Q2 24 | $-31.2M | — | ||
| Q1 24 | $-15.7M | — |
自由现金流率ALTIBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -37.6% | — | ||
| Q1 25 | -53.4% | — | ||
| Q4 24 | -4.0% | — | ||
| Q3 24 | -18.2% | — | ||
| Q2 24 | -63.2% | — | ||
| Q1 24 | -30.9% | — |
资本支出强度ALTIBAM
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 8.7% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 0.4% | — |
现金转化率ALTIBAM
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | -15.80× | 0.52× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | -0.52× | 1.38× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
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% |
