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布鲁克菲尔德资产管理（BAM）与楷登电子（CDNS）财务数据对比。点击上方公司名可切换其他公司
楷登电子的季度营收约是布鲁克菲尔德资产管理的1.2倍（$1.3B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 22.8%，领先33.9%）
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。
楷登电子是总部位于美国加利福尼亚州圣何塞的跨国科技与计算软件企业，最初主打半导体行业电子设计自动化（EDA）软件，目前业务覆盖集成电路、片上系统、印刷电路板、药品研发等领域的设计软硬件开发，同时向电子、航空航天、国防等行业授权知识产权。
BAM vs CDNS — 直观对比
营收规模更大
CDNS
是对方的1.2倍
$1.1B
净利率更高
BAM
高出33.9%
22.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $615.0M | $335.7M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | 29.3% |
| 净利率 | 56.7% | 22.8% |
| 营收同比 | — | -16.1% |
| 净利润同比 | — | 22.7% |
| 每股收益（稀释后） | — | $1.00 |
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BAMCDNS
| Q1 26 | — | $1.3B | ||
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $974.0M | $1.3B | ||
| Q2 25 | $931.0M | $1.3B | ||
| Q1 25 | $954.0M | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $873.0M | $1.2B | ||
| Q2 24 | $821.0M | $1.1B |
净利润BAMCDNS
| Q1 26 | — | $335.7M | ||
| Q4 25 | $615.0M | $388.1M | ||
| Q3 25 | $692.0M | $287.1M | ||
| Q2 25 | $584.0M | $160.1M | ||
| Q1 25 | $507.0M | $273.6M | ||
| Q4 24 | — | $340.2M | ||
| Q3 24 | $537.0M | $238.1M | ||
| Q2 24 | $124.0M | $229.5M |
营业利润率BAMCDNS
| Q1 26 | — | 29.3% | ||
| Q4 25 | 84.2% | 32.2% | ||
| Q3 25 | 79.1% | 31.8% | ||
| Q2 25 | 70.8% | 19.0% | ||
| Q1 25 | 61.0% | 29.1% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | 72.5% | 28.8% | ||
| Q2 24 | 80.4% | 27.7% |
净利率BAMCDNS
| Q1 26 | — | 22.8% | ||
| Q4 25 | 56.7% | 27.0% | ||
| Q3 25 | 71.0% | 21.4% | ||
| Q2 25 | 62.7% | 12.5% | ||
| Q1 25 | 53.1% | 22.0% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | 61.5% | 19.6% | ||
| Q2 24 | 15.1% | 21.6% |
每股收益（稀释后）BAMCDNS
| Q1 26 | — | $1.00 | ||
| Q4 25 | — | $1.42 | ||
| Q3 25 | — | $1.05 | ||
| Q2 25 | — | $0.59 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.23 | ||
| Q3 24 | — | $0.87 | ||
| Q2 24 | — | $0.84 |
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 | $2.8B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $8.9B | $6.6B |
| 总资产 | $17.0B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资BAMCDNS
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.6B | $3.2B | ||
| Q3 25 | $1.1B | $2.8B | ||
| Q2 25 | $480.0M | $2.8B | ||
| Q1 25 | $332.0M | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | $10.0M | $1.1B |
总债务BAMCDNS
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BAMCDNS
| Q1 26 | — | $6.6B | ||
| Q4 25 | $8.9B | $5.5B | ||
| Q3 25 | $8.5B | $5.2B | ||
| Q2 25 | $8.5B | $5.0B | ||
| Q1 25 | $8.5B | $4.8B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $9.0B | $4.6B | ||
| Q2 24 | $3.2B | $4.3B |
总资产BAMCDNS
| Q1 26 | — | $12.1B | ||
| Q4 25 | $17.0B | $10.2B | ||
| Q3 25 | $16.5B | $9.6B | ||
| Q2 25 | $16.1B | $9.5B | ||
| Q1 25 | $15.0B | $9.0B | ||
| Q4 24 | — | $9.0B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | $4.2B | $7.2B |
负债/权益比BAMCDNS
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $355.8M |
| 自由现金流经营现金流 - 资本支出 | — | $464.0M |
| 自由现金流率自由现金流/营收 | — | 36.4% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流BAMCDNS
| Q1 26 | — | $355.8M | ||
| Q4 25 | $562.0M | $553.5M | ||
| Q3 25 | $745.0M | $310.7M | ||
| Q2 25 | $529.0M | $377.6M | ||
| Q1 25 | $265.0M | $487.0M | ||
| Q4 24 | — | $441.4M | ||
| Q3 24 | $567.0M | $410.0M | ||
| Q2 24 | $159.0M | $156.0M |
自由现金流BAMCDNS
| Q1 26 | — | $464.0M | ||
| Q4 25 | — | $512.5M | ||
| Q3 25 | — | $277.0M | ||
| Q2 25 | — | $333.5M | ||
| Q1 25 | — | $464.0M | ||
| Q4 24 | — | $404.2M | ||
| Q3 24 | — | $383.5M | ||
| Q2 24 | — | $126.8M |
自由现金流率BAMCDNS
| Q1 26 | — | 36.4% | ||
| Q4 25 | — | 35.6% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 26.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 31.5% | ||
| Q2 24 | — | 12.0% |
资本支出强度BAMCDNS
| Q1 26 | — | 5.1% | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.8% |
现金转化率BAMCDNS
| Q1 26 | — | 1.06× | ||
| Q4 25 | 0.91× | 1.43× | ||
| Q3 25 | 1.08× | 1.08× | ||
| Q2 25 | 0.91× | 2.36× | ||
| Q1 25 | 0.52× | 1.78× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 1.06× | 1.72× | ||
| Q2 24 | 1.28× | 0.68× |
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
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% |
CDNS
| Product and Maintenance | $1.1B | 87% |
| Services | $131.0M | 10% |
| Other | $33.0M | 3% |
