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布鲁克菲尔德资产管理（BAM）与CoStar Group（CSGP）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CoStar Group的1.2倍（$1.1B vs $899.9M），布鲁克菲尔德资产管理净利率更高（56.7% vs 5.2%，领先51.5%）
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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
BAM vs CSGP — 直观对比
营收规模更大
BAM
是对方的1.2倍
$899.9M
净利率更高
BAM
高出51.5%
5.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $899.9M |
| 净利润 | $615.0M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | 84.2% | 5.5% |
| 净利率 | 56.7% | 5.2% |
| 营收同比 | — | 26.9% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | — | $0.12 |
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BAMCSGP
| Q4 25 | $1.1B | $899.9M | ||
| Q3 25 | $974.0M | $833.6M | ||
| Q2 25 | $931.0M | $781.3M | ||
| Q1 25 | $954.0M | $732.2M | ||
| Q4 24 | — | $709.4M | ||
| Q3 24 | $873.0M | $692.6M | ||
| Q2 24 | $821.0M | $677.8M | ||
| Q1 24 | $786.0M | $656.4M |
净利润BAMCSGP
| Q4 25 | $615.0M | $46.5M | ||
| Q3 25 | $692.0M | $-30.9M | ||
| Q2 25 | $584.0M | $6.2M | ||
| Q1 25 | $507.0M | $-14.8M | ||
| Q4 24 | — | $59.8M | ||
| Q3 24 | $537.0M | $53.0M | ||
| Q2 24 | $124.0M | $19.2M | ||
| Q1 24 | $373.0M | $6.7M |
毛利率BAMCSGP
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% | ||
| Q1 24 | — | 78.5% |
营业利润率BAMCSGP
| Q4 25 | 84.2% | 5.5% | ||
| Q3 25 | 79.1% | -6.1% | ||
| Q2 25 | 70.8% | -3.5% | ||
| Q1 25 | 61.0% | -5.8% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | 72.5% | 3.4% | ||
| Q2 24 | 80.4% | -2.4% | ||
| Q1 24 | 56.5% | -6.5% |
净利率BAMCSGP
| Q4 25 | 56.7% | 5.2% | ||
| Q3 25 | 71.0% | -3.7% | ||
| Q2 25 | 62.7% | 0.8% | ||
| Q1 25 | 53.1% | -2.0% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 61.5% | 7.7% | ||
| Q2 24 | 15.1% | 2.8% | ||
| Q1 24 | 47.5% | 1.0% |
每股收益（稀释后）BAMCSGP
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $0.14 | ||
| Q3 24 | — | $0.13 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $0.02 |
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 | $1.6B |
| 总债务越低越好 | — | $140.0M |
| 股东权益账面价值 | $8.9B | $8.3B |
| 总资产 | $17.0B | $10.5B |
| 负债/权益比越低杠杆越低 | — | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资BAMCSGP
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $480.0M | $3.6B | ||
| Q1 25 | $332.0M | $3.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | — | — |
总债务BAMCSGP
| Q4 25 | — | $140.0M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
股东权益BAMCSGP
| Q4 25 | $8.9B | $8.3B | ||
| Q3 25 | $8.5B | $8.6B | ||
| Q2 25 | $8.5B | $8.6B | ||
| Q1 25 | $8.5B | $8.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | $9.0B | $7.5B | ||
| Q2 24 | $3.2B | $7.4B | ||
| Q1 24 | $2.2B | $7.3B |
总资产BAMCSGP
| Q4 25 | $17.0B | $10.5B | ||
| Q3 25 | $16.5B | $10.8B | ||
| Q2 25 | $16.1B | $10.5B | ||
| Q1 25 | $15.0B | $10.4B | ||
| Q4 24 | — | $9.3B | ||
| Q3 24 | — | $9.1B | ||
| Q2 24 | $4.2B | $9.1B | ||
| Q1 24 | — | $9.0B |
负债/权益比BAMCSGP
| Q4 25 | — | 0.02× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.14× |
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 | $162.1M |
| 自由现金流经营现金流 - 资本支出 | — | $101.3M |
| 自由现金流率自由现金流/营收 | — | 11.3% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 现金转化率经营现金流/净利润 | 0.91× | 3.49× |
| 过去12个月自由现金流最近4个季度 | — | $123.0M |
8季度趋势，按日历期对齐
经营现金流BAMCSGP
| Q4 25 | $562.0M | $162.1M | ||
| Q3 25 | $745.0M | $68.2M | ||
| Q2 25 | $529.0M | $146.5M | ||
| Q1 25 | $265.0M | $53.2M | ||
| Q4 24 | — | $94.6M | ||
| Q3 24 | $567.0M | $100.3M | ||
| Q2 24 | $159.0M | $58.1M | ||
| Q1 24 | $516.0M | $139.6M |
自由现金流BAMCSGP
| Q4 25 | — | $101.3M | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | — | $27.7M | ||
| Q1 25 | — | $-500.0K | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $40.2M | ||
| Q2 24 | — | $-14.7M | ||
| Q1 24 | — | $-237.1M |
自由现金流率BAMCSGP
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | -2.2% | ||
| Q1 24 | — | -36.1% |
资本支出强度BAMCSGP
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 57.4% |
现金转化率BAMCSGP
| Q4 25 | 0.91× | 3.49× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | 23.63× | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 1.06× | 1.89× | ||
| Q2 24 | 1.28× | 3.03× | ||
| Q1 24 | 1.38× | 20.84× |
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% |
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
