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布鲁克菲尔德资产管理（BAM）与Fastenal（FAST）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是布鲁克菲尔德资产管理的1.9倍（$2.0B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 14.5%，领先42.2%）
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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
BAM vs FAST — 直观对比
营收规模更大
FAST
是对方的1.9倍
$1.1B
净利率更高
BAM
高出42.2%
14.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.0B |
| 净利润 | $615.0M | $293.9M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 84.2% | 18.9% |
| 净利率 | 56.7% | 14.5% |
| 营收同比 | — | 3.5% |
| 净利润同比 | — | -1.6% |
| 每股收益（稀释后） | — | $-0.01 |
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BAMFAST
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $974.0M | $2.1B | ||
| Q2 25 | $931.0M | $2.1B | ||
| Q1 25 | $954.0M | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $873.0M | $1.9B | ||
| Q2 24 | $821.0M | $1.9B |
净利润BAMFAST
| Q1 26 | — | $293.9M | ||
| Q4 25 | $615.0M | $293.9M | ||
| Q3 25 | $692.0M | $335.5M | ||
| Q2 25 | $584.0M | $330.3M | ||
| Q1 25 | $507.0M | $298.7M | ||
| Q4 24 | — | $262.1M | ||
| Q3 24 | $537.0M | $298.1M | ||
| Q2 24 | $124.0M | $292.7M |
毛利率BAMFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.1% | ||
| Q4 24 | — | 44.8% | ||
| Q3 24 | — | 44.9% | ||
| Q2 24 | — | 45.1% |
营业利润率BAMFAST
| Q1 26 | — | 18.9% | ||
| Q4 25 | 84.2% | 18.9% | ||
| Q3 25 | 79.1% | 20.7% | ||
| Q2 25 | 70.8% | 21.0% | ||
| Q1 25 | 61.0% | 20.1% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | 72.5% | 20.3% | ||
| Q2 24 | 80.4% | 20.2% |
净利率BAMFAST
| Q1 26 | — | 14.5% | ||
| Q4 25 | 56.7% | 14.5% | ||
| Q3 25 | 71.0% | 15.7% | ||
| Q2 25 | 62.7% | 15.9% | ||
| Q1 25 | 53.1% | 15.2% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | 61.5% | 15.6% | ||
| Q2 24 | 15.1% | 15.3% |
每股收益（稀释后）BAMFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $0.29 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.52 | ||
| Q4 24 | — | $0.45 | ||
| Q3 24 | — | $0.52 | ||
| Q2 24 | — | $0.51 |
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 | $276.8M |
| 总债务越低越好 | — | $125.0M |
| 股东权益账面价值 | $8.9B | $3.9B |
| 总资产 | $17.0B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资BAMFAST
| Q1 26 | — | $276.8M | ||
| Q4 25 | $1.6B | $276.8M | ||
| Q3 25 | $1.1B | $288.1M | ||
| Q2 25 | $480.0M | $237.8M | ||
| Q1 25 | $332.0M | $231.8M | ||
| Q4 24 | — | $255.8M | ||
| Q3 24 | — | $292.2M | ||
| Q2 24 | $10.0M | $255.5M |
总债务BAMFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | — | $125.0M | ||
| Q3 25 | — | $195.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $200.0M | ||
| Q4 24 | — | $200.0M | ||
| Q3 24 | — | $240.0M | ||
| Q2 24 | — | $235.0M |
股东权益BAMFAST
| Q1 26 | — | $3.9B | ||
| Q4 25 | $8.9B | $3.9B | ||
| Q3 25 | $8.5B | $3.9B | ||
| Q2 25 | $8.5B | $3.8B | ||
| Q1 25 | $8.5B | $3.7B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $9.0B | $3.6B | ||
| Q2 24 | $3.2B | $3.5B |
总资产BAMFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $17.0B | $5.1B | ||
| Q3 25 | $16.5B | $5.1B | ||
| Q2 25 | $16.1B | $5.0B | ||
| Q1 25 | $15.0B | $4.9B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | $4.2B | $4.6B |
负债/权益比BAMFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | $368.2M |
| 自由现金流经营现金流 - 资本支出 | — | $308.2M |
| 自由现金流率自由现金流/营收 | — | 15.2% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.25× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流BAMFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $562.0M | $368.2M | ||
| Q3 25 | $745.0M | $386.9M | ||
| Q2 25 | $529.0M | $278.6M | ||
| Q1 25 | $265.0M | $262.2M | ||
| Q4 24 | — | $282.8M | ||
| Q3 24 | $567.0M | $296.9M | ||
| Q2 24 | $159.0M | $258.0M |
自由现金流BAMFAST
| Q1 26 | — | $308.2M | ||
| Q4 25 | — | $308.2M | ||
| Q3 25 | — | $326.6M | ||
| Q2 25 | — | $209.3M | ||
| Q1 25 | — | $206.5M | ||
| Q4 24 | — | $222.6M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $201.9M |
自由现金流率BAMFAST
| Q1 26 | — | 15.2% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | — | 10.5% |
资本支出强度BAMFAST
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% |
现金转化率BAMFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | 0.91× | 1.25× | ||
| Q3 25 | 1.08× | 1.15× | ||
| Q2 25 | 0.91× | 0.84× | ||
| Q1 25 | 0.52× | 0.88× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | 1.06× | 1.00× | ||
| Q2 24 | 1.28× | 0.88× |
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% |
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
