vs
亚玛芬体育（AS）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亚玛芬体育的1.0倍（$1.1B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 1.8%，领先54.9%）
亚玛芬体育是芬兰跨国运动装备企业，总部位于赫尔辛基，成立于1950年。早年为涉足烟草贸易、航运、出版等领域的多元化工业集团，后逐步转型专注于体育用品的生产与营销，现有员工超9700人，2018年起成为中国安踏体育旗下子公司。
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。
AS vs BAM — 直观对比
营收规模更大
BAM
是对方的1.0倍
$1.1B
净利率更高
BAM
高出54.9%
1.8%
损益表 — Q1 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.1B |
| 净利润 | $19.0M | $615.0M |
| 毛利率 | 52.8% | — |
| 营业利润率 | 12.4% | 84.2% |
| 净利率 | 1.8% | 56.7% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.05 | — |
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ASBAM
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $974.0M | ||
| Q2 25 | — | $931.0M | ||
| Q1 25 | — | $954.0M | ||
| Q3 24 | — | $873.0M | ||
| Q2 24 | — | $821.0M | ||
| Q1 24 | $1.1B | $786.0M | ||
| Q4 23 | $1.3B | — |
净利润ASBAM
| Q4 25 | — | $615.0M | ||
| Q3 25 | — | $692.0M | ||
| Q2 25 | — | $584.0M | ||
| Q1 25 | — | $507.0M | ||
| Q3 24 | — | $537.0M | ||
| Q2 24 | — | $124.0M | ||
| Q1 24 | $19.0M | $373.0M | ||
| Q4 23 | $-95.0M | — |
毛利率ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 52.8% | — | ||
| Q4 23 | 51.9% | — |
营业利润率ASBAM
| Q4 25 | — | 84.2% | ||
| Q3 25 | — | 79.1% | ||
| Q2 25 | — | 70.8% | ||
| Q1 25 | — | 61.0% | ||
| Q3 24 | — | 72.5% | ||
| Q2 24 | — | 80.4% | ||
| Q1 24 | 12.4% | 56.5% | ||
| Q4 23 | — | — |
净利率ASBAM
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 71.0% | ||
| Q2 25 | — | 62.7% | ||
| Q1 25 | — | 53.1% | ||
| Q3 24 | — | 61.5% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | 1.8% | 47.5% | ||
| Q4 23 | -7.2% | — |
每股收益（稀释后）ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $0.05 | — | ||
| Q4 23 | $-0.11 | — |
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 | — | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $8.9B |
| 总资产 | — | $17.0B |
| 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ASBAM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $480.0M | ||
| Q1 25 | — | $332.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | — | ||
| Q4 23 | $483.4M | — |
总债务ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $6.3B | — |
股东权益ASBAM
| Q4 25 | — | $8.9B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $8.5B | ||
| Q1 25 | — | $8.5B | ||
| Q3 24 | — | $9.0B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $2.2B | ||
| Q4 23 | $-156.8M | — |
总资产ASBAM
| Q4 25 | — | $17.0B | ||
| Q3 25 | — | $16.5B | ||
| Q2 25 | — | $16.1B | ||
| Q1 25 | — | $15.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | — | ||
| Q4 23 | $8.4B | — |
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 | $114.3M | $562.0M |
| 自由现金流经营现金流 - 资本支出 | $92.2M | — |
| 自由现金流率自由现金流/营收 | 8.8% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 6.02× | 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ASBAM
| Q4 25 | — | $562.0M | ||
| Q3 25 | — | $745.0M | ||
| Q2 25 | — | $529.0M | ||
| Q1 25 | — | $265.0M | ||
| Q3 24 | — | $567.0M | ||
| Q2 24 | — | $159.0M | ||
| Q1 24 | $114.3M | $516.0M | ||
| Q4 23 | $199.0M | — |
自由现金流ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $92.2M | — | ||
| Q4 23 | $75.4M | — |
自由现金流率ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.8% | — | ||
| Q4 23 | 5.7% | — |
资本支出强度ASBAM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.1% | — | ||
| Q4 23 | 9.4% | — |
现金转化率ASBAM
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.52× | ||
| Q3 24 | — | 1.06× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | 6.02× | 1.38× | ||
| Q4 23 | — | — |
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
AS
| Americas2 | $409.6M | 39% |
| EMEA1 | $356.9M | 34% |
| Greater China3 | $205.6M | 20% |
| Asia Pacific4 | $78.2M | 7% |
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% |
