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布鲁克菲尔德资产管理（BAM）与COMSTOCK RESOURCES INC（CRK）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COMSTOCK RESOURCES INC的1.4倍（$1.1B vs $787.3M），布鲁克菲尔德资产管理净利率更高（56.7% vs 35.7%，领先21.0%）
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。
Comstock Resources Inc.是一家独立能源企业，主要从事天然气、原油及天然气凝液的勘探、开发、生产与销售业务，核心运营资产位于美国得州和路易斯安那州的页岩产区，服务北美能源市场。
BAM vs CRK — 直观对比
营收规模更大
BAM
是对方的1.4倍
$787.3M
净利率更高
BAM
高出21.0%
35.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $787.3M |
| 净利润 | $615.0M | $280.9M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | 48.3% |
| 净利率 | 56.7% | 35.7% |
| 营收同比 | — | 114.3% |
| 净利润同比 | — | 583.3% |
| 每股收益（稀释后） | — | $0.99 |
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BAMCRK
| Q4 25 | $1.1B | $787.3M | ||
| Q3 25 | $974.0M | $449.9M | ||
| Q2 25 | $931.0M | $470.3M | ||
| Q1 25 | $954.0M | $512.9M | ||
| Q4 24 | — | $367.4M | ||
| Q3 24 | $873.0M | $304.5M | ||
| Q2 24 | $821.0M | $246.8M | ||
| Q1 24 | $786.0M | $335.8M |
净利润BAMCRK
| Q4 25 | $615.0M | $280.9M | ||
| Q3 25 | $692.0M | $111.1M | ||
| Q2 25 | $584.0M | $124.8M | ||
| Q1 25 | $507.0M | $-121.3M | ||
| Q4 24 | — | $-58.1M | ||
| Q3 24 | $537.0M | $-28.9M | ||
| Q2 24 | $124.0M | $-126.3M | ||
| Q1 24 | $373.0M | $-16.3M |
营业利润率BAMCRK
| Q4 25 | 84.2% | 48.3% | ||
| Q3 25 | 79.1% | 11.2% | ||
| Q2 25 | 70.8% | 19.0% | ||
| Q1 25 | 61.0% | 24.6% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 72.5% | -20.1% | ||
| Q2 24 | 80.4% | -37.5% | ||
| Q1 24 | 56.5% | -3.8% |
净利率BAMCRK
| Q4 25 | 56.7% | 35.7% | ||
| Q3 25 | 71.0% | 24.7% | ||
| Q2 25 | 62.7% | 26.5% | ||
| Q1 25 | 53.1% | -23.6% | ||
| Q4 24 | — | -15.8% | ||
| Q3 24 | 61.5% | -9.5% | ||
| Q2 24 | 15.1% | -51.2% | ||
| Q1 24 | 47.5% | -4.9% |
每股收益（稀释后）BAMCRK
| Q4 25 | — | $0.99 | ||
| Q3 25 | — | $0.40 | ||
| Q2 25 | — | $0.44 | ||
| Q1 25 | — | $-0.40 | ||
| Q4 24 | — | $-0.19 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.43 | ||
| Q1 24 | — | $-0.05 |
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 | $23.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $2.6B |
| 总资产 | $17.0B | $7.0B |
| 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BAMCRK
| Q4 25 | $1.6B | $23.9M | ||
| Q3 25 | $1.1B | $19.2M | ||
| Q2 25 | $480.0M | $25.9M | ||
| Q1 25 | $332.0M | $32.9M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | $10.0M | $19.3M | ||
| Q1 24 | — | $6.4M |
股东权益BAMCRK
| Q4 25 | $8.9B | $2.6B | ||
| Q3 25 | $8.5B | $2.4B | ||
| Q2 25 | $8.5B | $2.2B | ||
| Q1 25 | $8.5B | $2.1B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $9.0B | $2.3B | ||
| Q2 24 | $3.2B | $2.3B | ||
| Q1 24 | $2.2B | $2.4B |
总资产BAMCRK
| Q4 25 | $17.0B | $7.0B | ||
| Q3 25 | $16.5B | $6.8B | ||
| Q2 25 | $16.1B | $6.7B | ||
| Q1 25 | $15.0B | $6.6B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | $4.2B | $6.3B | ||
| Q1 24 | — | $6.3B |
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 | $224.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-141.2M |
| 自由现金流率自由现金流/营收 | — | -17.9% |
| 资本支出强度资本支出/营收 | — | 46.4% |
| 现金转化率经营现金流/净利润 | 0.91× | 0.80× |
| 过去12个月自由现金流最近4个季度 | — | $-449.7M |
8季度趋势，按日历期对齐
经营现金流BAMCRK
| Q4 25 | $562.0M | $224.2M | ||
| Q3 25 | $745.0M | $153.1M | ||
| Q2 25 | $529.0M | $347.6M | ||
| Q1 25 | $265.0M | $174.7M | ||
| Q4 24 | — | $267.1M | ||
| Q3 24 | $567.0M | $98.2M | ||
| Q2 24 | $159.0M | $83.6M | ||
| Q1 24 | $516.0M | $171.5M |
自由现金流BAMCRK
| Q4 25 | — | $-141.2M | ||
| Q3 25 | — | $-188.4M | ||
| Q2 25 | — | $3.2M | ||
| Q1 25 | — | $-123.2M | ||
| Q4 24 | — | $-12.9M | ||
| Q3 24 | — | $-131.1M | ||
| Q2 24 | — | $-153.2M | ||
| Q1 24 | — | $-179.9M |
自由现金流率BAMCRK
| Q4 25 | — | -17.9% | ||
| Q3 25 | — | -41.9% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | -24.0% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -43.1% | ||
| Q2 24 | — | -62.1% | ||
| Q1 24 | — | -53.6% |
资本支出强度BAMCRK
| Q4 25 | — | 46.4% | ||
| Q3 25 | — | 75.9% | ||
| Q2 25 | — | 73.2% | ||
| Q1 25 | — | 58.1% | ||
| Q4 24 | — | 76.2% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 95.9% | ||
| Q1 24 | — | 104.7% |
现金转化率BAMCRK
| Q4 25 | 0.91× | 0.80× | ||
| Q3 25 | 1.08× | 1.38× | ||
| Q2 25 | 0.91× | 2.78× | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 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
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% |
CRK
| Other | $420.7M | 53% |
| Natural Gas And Oil Sales | $366.6M | 47% |
