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布鲁克菲尔德资产管理（BAM）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的2.0倍（$1.1B vs $556.0M），布鲁克菲尔德资产管理净利率更高（56.7% vs 18.5%，领先38.2%）
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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
BAM vs EXP — 直观对比
营收规模更大
BAM
是对方的2.0倍
$556.0M
净利率更高
BAM
高出38.2%
18.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $556.0M |
| 净利润 | $615.0M | $102.9M |
| 毛利率 | — | 28.9% |
| 营业利润率 | 84.2% | — |
| 净利率 | 56.7% | 18.5% |
| 营收同比 | — | -0.4% |
| 净利润同比 | — | -13.9% |
| 每股收益（稀释后） | — | $3.22 |
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BAMEXP
| Q4 25 | $1.1B | $556.0M | ||
| Q3 25 | $974.0M | $638.9M | ||
| Q2 25 | $931.0M | $634.7M | ||
| Q1 25 | $954.0M | $470.2M | ||
| Q4 24 | — | $558.0M | ||
| Q3 24 | $873.0M | $623.6M | ||
| Q2 24 | $821.0M | $608.7M | ||
| Q1 24 | $786.0M | $476.7M |
净利润BAMEXP
| Q4 25 | $615.0M | $102.9M | ||
| Q3 25 | $692.0M | $137.4M | ||
| Q2 25 | $584.0M | $123.4M | ||
| Q1 25 | $507.0M | $66.5M | ||
| Q4 24 | — | $119.6M | ||
| Q3 24 | $537.0M | $143.5M | ||
| Q2 24 | $124.0M | $133.8M | ||
| Q1 24 | $373.0M | $77.1M |
毛利率BAMEXP
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 31.9% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 25.1% |
营业利润率BAMEXP
| Q4 25 | 84.2% | — | ||
| Q3 25 | 79.1% | — | ||
| Q2 25 | 70.8% | — | ||
| Q1 25 | 61.0% | — | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 72.5% | 34.2% | ||
| Q2 24 | 80.4% | 32.0% | ||
| Q1 24 | 56.5% | 26.9% |
净利率BAMEXP
| Q4 25 | 56.7% | 18.5% | ||
| Q3 25 | 71.0% | 21.5% | ||
| Q2 25 | 62.7% | 19.4% | ||
| Q1 25 | 53.1% | 14.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | 61.5% | 23.0% | ||
| Q2 24 | 15.1% | 22.0% | ||
| Q1 24 | 47.5% | 16.2% |
每股收益（稀释后）BAMEXP
| Q4 25 | — | $3.22 | ||
| Q3 25 | — | $4.23 | ||
| Q2 25 | — | $3.76 | ||
| Q1 25 | — | $2.01 | ||
| Q4 24 | — | $3.56 | ||
| Q3 24 | — | $4.26 | ||
| Q2 24 | — | $3.94 | ||
| Q1 24 | — | $2.23 |
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 | $419.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $1.5B |
| 总资产 | $17.0B | $3.8B |
| 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BAMEXP
| Q4 25 | $1.6B | $419.0M | ||
| Q3 25 | $1.1B | $35.0M | ||
| Q2 25 | $480.0M | $59.7M | ||
| Q1 25 | $332.0M | $20.4M | ||
| Q4 24 | — | $31.2M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | $10.0M | $46.5M | ||
| Q1 24 | — | $34.9M |
总债务BAMEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益BAMEXP
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | $1.5B | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $8.5B | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $3.2B | $1.4B | ||
| Q1 24 | $2.2B | $1.3B |
总资产BAMEXP
| Q4 25 | $17.0B | $3.8B | ||
| Q3 25 | $16.5B | $3.4B | ||
| Q2 25 | $16.1B | $3.4B | ||
| Q1 25 | $15.0B | $3.3B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $4.2B | $3.0B | ||
| Q1 24 | — | $2.9B |
负债/权益比BAMEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | — | $60.8M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 19.8% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $231.8M |
8季度趋势，按日历期对齐
经营现金流BAMEXP
| Q4 25 | $562.0M | $170.8M | ||
| Q3 25 | $745.0M | $204.6M | ||
| Q2 25 | $529.0M | $136.6M | ||
| Q1 25 | $265.0M | $62.8M | ||
| Q4 24 | — | $119.9M | ||
| Q3 24 | $567.0M | $233.3M | ||
| Q2 24 | $159.0M | $132.6M | ||
| Q1 24 | $516.0M | $63.4M |
自由现金流BAMEXP
| Q4 25 | — | $60.8M | ||
| Q3 25 | — | $96.1M | ||
| Q2 25 | — | $60.5M | ||
| Q1 25 | — | $14.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | — | $166.8M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $30.9M |
自由现金流率BAMEXP
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 6.5% |
资本支出强度BAMEXP
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 5.4% | ||
| Q1 24 | — | 6.8% |
现金转化率BAMEXP
| Q4 25 | 0.91× | 1.66× | ||
| Q3 25 | 1.08× | 1.49× | ||
| Q2 25 | 0.91× | 1.11× | ||
| Q1 25 | 0.52× | 0.94× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | 1.06× | 1.63× | ||
| Q2 24 | 1.28× | 0.99× | ||
| Q1 24 | 1.38× | 0.82× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
