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Ares Management Corp（ARES）与Brookfield Renewable Corp（BEPC）财务数据对比。点击上方公司名可切换其他公司
Ares Management Corp的季度营收约是Brookfield Renewable Corp的1.6倍（$1.5B vs $952.0M），Ares Management Corp净利率更高（3.6% vs -152.0%，领先155.6%），Ares Management Corp同比增速更快（19.5% vs -3.7%）
Ares Management Corp是一家全球知名的另类投资管理机构，业务覆盖信贷、私募股权及房地产三大投资领域。公司成立于1997年，在北美、欧洲、亚洲多地设有分支机构，为全球客户提供专业的另类资产管理服务。
布鲁克菲尔德可再生能源是一家公开上市的能源企业，核心业务为持有及运营可再生能源资产，总部位于加拿大安大略省多伦多市，60%股权由布鲁克菲尔德资产管理公司持有，在全球清洁能源领域拥有丰富的运营经验与广泛的业务布局。
ARES vs BEPC — 直观对比
营收规模更大
ARES
是对方的1.6倍
$952.0M
营收增速更快
ARES
高出23.3%
-3.7%
净利率更高
ARES
高出155.6%
-152.0%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $952.0M |
| 净利润 | $54.2M | $-1.4B |
| 毛利率 | — | — |
| 营业利润率 | 13.7% | — |
| 净利率 | 3.6% | -152.0% |
| 营收同比 | 19.5% | -3.7% |
| 净利润同比 | -69.4% | -326.8% |
| 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ARESBEPC
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.4B | $952.0M | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $788.7M | $989.0M | ||
| Q1 24 | $707.4M | — |
净利润ARESBEPC
| Q4 25 | $54.2M | — | ||
| Q3 25 | $288.9M | — | ||
| Q2 25 | $137.1M | $-1.4B | ||
| Q1 25 | $47.2M | — | ||
| Q4 24 | $177.3M | — | ||
| Q3 24 | $118.5M | — | ||
| Q2 24 | $94.9M | $-339.0M | ||
| Q1 24 | $73.0M | — |
营业利润率ARESBEPC
| Q4 25 | 13.7% | — | ||
| Q3 25 | 39.3% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 31.8% | — | ||
| Q3 24 | 29.0% | — | ||
| Q2 24 | 40.2% | — | ||
| Q1 24 | 32.7% | — |
净利率ARESBEPC
| Q4 25 | 3.6% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 10.2% | -152.0% | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 12.0% | -34.3% | ||
| Q1 24 | 10.3% | — |
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 | — | $556.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.3B | $10.8B |
| 总资产 | $28.6B | $46.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARESBEPC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $556.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $614.0M | ||
| Q1 24 | — | — |
股东权益ARESBEPC
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.4B | $10.8B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | $14.8B | ||
| Q1 24 | $1.8B | — |
总资产ARESBEPC
| Q4 25 | $28.6B | — | ||
| Q3 25 | $27.0B | — | ||
| Q2 25 | $27.3B | $46.0B | ||
| Q1 25 | $27.2B | — | ||
| Q4 24 | $24.9B | — | ||
| Q3 24 | $24.5B | — | ||
| Q2 24 | $24.2B | $42.6B | ||
| Q1 24 | $24.4B | — |
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 | $-483.7M | $139.0M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | -8.92× | — |
| 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ARESBEPC
| Q4 25 | $-483.7M | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $415.7M | $139.0M | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $807.6M | — | ||
| Q3 24 | $841.3M | — | ||
| Q2 24 | $432.2M | $140.0M | ||
| Q1 24 | $710.0M | — |
现金转化率ARESBEPC
| Q4 25 | -8.92× | — | ||
| Q3 25 | 4.64× | — | ||
| Q2 25 | 3.03× | — | ||
| Q1 25 | 42.28× | — | ||
| Q4 24 | 4.55× | — | ||
| Q3 24 | 7.10× | — | ||
| Q2 24 | 4.55× | — | ||
| Q1 24 | 9.72× | — |
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
ARES
| Management Service | $991.1M | 66% |
| Management Service Incentive | $206.7M | 14% |
| Carried Interest | $205.4M | 14% |
| Fee Related Performance Revenues | $113.3M | 8% |
BEPC
暂无分部数据
