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布鲁克菲尔德资产管理（BAM）与Dream Finders Homes, Inc.（DFH）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Dream Finders Homes, Inc.的1.1倍（$1.3B vs $1.2B），布鲁克菲尔德资产管理净利率更高（43.8% vs 4.8%，领先38.9%），布鲁克菲尔德资产管理同比增速更快（23.8% vs -22.3%），过去两年布鲁克菲尔德资产管理的营收复合增速更高（30.5% vs 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。
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
BAM vs DFH — 直观对比
营收规模更大
BAM
是对方的1.1倍
$1.2B
营收增速更快
BAM
高出46.0%
-22.3%
净利率更高
BAM
高出38.9%
4.8%
两年增速更快
BAM
近两年复合增速
21.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $586.0M | $58.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.4% |
| 净利率 | 43.8% | 4.8% |
| 营收同比 | 23.8% | -22.3% |
| 净利润同比 | 15.6% | -54.9% |
| 每股收益（稀释后） | $0.38 | $0.57 |
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BAMDFH
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $974.0M | $969.8M | ||
| Q2 25 | $931.0M | $1.2B | ||
| Q1 25 | $954.0M | $989.9M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $1.1B |
净利润BAMDFH
| Q1 26 | $586.0M | — | ||
| Q4 25 | $615.0M | $58.8M | ||
| Q3 25 | $692.0M | $47.0M | ||
| Q2 25 | $584.0M | $56.6M | ||
| Q1 25 | $507.0M | $54.9M | ||
| Q4 24 | — | $130.5M | ||
| Q3 24 | $537.0M | $70.7M | ||
| Q2 24 | $124.0M | $80.9M |
毛利率BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 19.2% |
营业利润率BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | 84.2% | 6.4% | ||
| Q3 25 | 79.1% | 6.3% | ||
| Q2 25 | 70.8% | 6.4% | ||
| Q1 25 | 61.0% | 7.2% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 72.5% | 9.2% | ||
| Q2 24 | 80.4% | 10.0% |
净利率BAMDFH
| Q1 26 | 43.8% | — | ||
| Q4 25 | 56.7% | 4.8% | ||
| Q3 25 | 71.0% | 4.8% | ||
| Q2 25 | 62.7% | 4.9% | ||
| Q1 25 | 53.1% | 5.5% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | 61.5% | 7.0% | ||
| Q2 24 | 15.1% | 7.7% |
每股收益（稀释后）BAMDFH
| Q1 26 | $0.38 | — | ||
| Q4 25 | — | $0.57 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | — | $0.56 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $1.28 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.81 |
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 | $1.0M | $234.8M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $8.6M | $1.4B |
| 总资产 | $17.9M | $3.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资BAMDFH
| Q1 26 | $1.0M | — | ||
| Q4 25 | $1.6B | $234.8M | ||
| Q3 25 | $1.1B | $251.0M | ||
| Q2 25 | $480.0M | $210.3M | ||
| Q1 25 | $332.0M | $297.5M | ||
| Q4 24 | — | $274.4M | ||
| Q3 24 | — | $204.9M | ||
| Q2 24 | $10.0M | $274.8M |
总债务BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BAMDFH
| Q1 26 | $8.6M | — | ||
| Q4 25 | $8.9B | $1.4B | ||
| Q3 25 | $8.5B | $1.4B | ||
| Q2 25 | $8.5B | $1.3B | ||
| Q1 25 | $8.5B | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $9.0B | $1.1B | ||
| Q2 24 | $3.2B | $1.0B |
总资产BAMDFH
| Q1 26 | $17.9M | — | ||
| Q4 25 | $17.0B | $3.7B | ||
| Q3 25 | $16.5B | $3.8B | ||
| Q2 25 | $16.1B | $3.7B | ||
| Q1 25 | $15.0B | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | $4.2B | $3.0B |
负债/权益比BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| 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 | — | $143.6M |
| 自由现金流经营现金流 - 资本支出 | — | $136.0M |
| 自由现金流率自由现金流/营收 | — | 11.2% |
| 资本支出强度资本支出/营收 | — | 0.6% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | — | $-126.4M |
8季度趋势，按日历期对齐
经营现金流BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $143.6M | ||
| Q3 25 | $745.0M | $-131.0M | ||
| Q2 25 | $529.0M | $-68.5M | ||
| Q1 25 | $265.0M | $-44.7M | ||
| Q4 24 | — | $306.5M | ||
| Q3 24 | $567.0M | $-205.0M | ||
| Q2 24 | $159.0M | $-110.6M |
自由现金流BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M |
自由现金流率BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% |
资本支出强度BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% |
现金转化率BAMDFH
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 2.44× | ||
| Q3 25 | 1.08× | -2.79× | ||
| Q2 25 | 0.91× | -1.21× | ||
| Q1 25 | 0.52× | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 1.06× | -2.90× | ||
| Q2 24 | 1.28× | -1.37× |
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
| Management and incentive fee revenues | $990.0M | 74% |
| Other revenues | $236.0M | 18% |
| Other | $112.0M | 8% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
