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布鲁克菲尔德资产管理（BAM）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是布鲁克菲尔德资产管理的2.0倍（$2.6B vs $1.3B），布鲁克菲尔德资产管理净利率更高（43.8% vs 12.5%，领先31.3%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 23.8%），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 30.5%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
BAM vs FIX — 直观对比
营收规模更大
FIX
是对方的2.0倍
$1.3B
营收增速更快
FIX
高出17.9%
23.8%
净利率更高
BAM
高出31.3%
12.5%
两年增速更快
FIX
近两年复合增速
30.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.6B |
| 净利润 | $586.0M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | — | 16.1% |
| 净利率 | 43.8% | 12.5% |
| 营收同比 | 23.8% | 41.7% |
| 净利润同比 | 15.6% | 126.8% |
| 每股收益（稀释后） | $0.38 | $9.35 |
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BAMFIX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $974.0M | $2.5B | ||
| Q2 25 | $931.0M | $2.2B | ||
| Q1 25 | $954.0M | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $873.0M | $1.8B | ||
| Q2 24 | $821.0M | $1.8B |
净利润BAMFIX
| Q1 26 | $586.0M | — | ||
| Q4 25 | $615.0M | $330.8M | ||
| Q3 25 | $692.0M | $291.6M | ||
| Q2 25 | $584.0M | $230.8M | ||
| Q1 25 | $507.0M | $169.3M | ||
| Q4 24 | — | $145.9M | ||
| Q3 24 | $537.0M | $146.2M | ||
| Q2 24 | $124.0M | $134.0M |
毛利率BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% |
营业利润率BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | 84.2% | 16.1% | ||
| Q3 25 | 79.1% | 15.5% | ||
| Q2 25 | 70.8% | 13.8% | ||
| Q1 25 | 61.0% | 11.4% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 72.5% | 11.2% | ||
| Q2 24 | 80.4% | 10.2% |
净利率BAMFIX
| Q1 26 | 43.8% | — | ||
| Q4 25 | 56.7% | 12.5% | ||
| Q3 25 | 71.0% | 11.9% | ||
| Q2 25 | 62.7% | 10.6% | ||
| Q1 25 | 53.1% | 9.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 61.5% | 8.1% | ||
| Q2 24 | 15.1% | 7.4% |
每股收益（稀释后）BAMFIX
| Q1 26 | $0.38 | — | ||
| Q4 25 | — | $9.35 | ||
| Q3 25 | — | $8.25 | ||
| Q2 25 | — | $6.53 | ||
| Q1 25 | — | $4.75 | ||
| Q4 24 | — | $4.08 | ||
| Q3 24 | — | $4.09 | ||
| Q2 24 | — | $3.74 |
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 | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $8.6M | $2.4B |
| 总资产 | $17.9M | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资BAMFIX
| Q1 26 | $1.0M | — | ||
| Q4 25 | $1.6B | $981.9M | ||
| Q3 25 | $1.1B | $860.5M | ||
| Q2 25 | $480.0M | $331.7M | ||
| Q1 25 | $332.0M | $204.8M | ||
| Q4 24 | — | $549.9M | ||
| Q3 24 | — | $415.6M | ||
| Q2 24 | $10.0M | $199.4M |
总债务BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M |
股东权益BAMFIX
| Q1 26 | $8.6M | — | ||
| Q4 25 | $8.9B | $2.4B | ||
| Q3 25 | $8.5B | $2.2B | ||
| Q2 25 | $8.5B | $2.0B | ||
| Q1 25 | $8.5B | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $9.0B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
总资产BAMFIX
| Q1 26 | $17.9M | — | ||
| Q4 25 | $17.0B | $6.4B | ||
| Q3 25 | $16.5B | $5.8B | ||
| Q2 25 | $16.1B | $5.1B | ||
| Q1 25 | $15.0B | $4.6B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $4.2B | $4.2B |
负债/权益比BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× |
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 | — | $468.5M |
| 自由现金流经营现金流 - 资本支出 | — | $402.4M |
| 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 | — | 2.5% |
| 现金转化率经营现金流/净利润 | — | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $468.5M | ||
| Q3 25 | $745.0M | $553.3M | ||
| Q2 25 | $529.0M | $252.5M | ||
| Q1 25 | $265.0M | $-88.0M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | $567.0M | $302.2M | ||
| Q2 24 | $159.0M | $189.9M |
自由现金流BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | $402.4M | ||
| Q3 25 | — | $517.9M | ||
| Q2 25 | — | $221.2M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $169.8M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $166.5M |
自由现金流率BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 9.2% |
资本支出强度BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% |
现金转化率BAMFIX
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 1.42× | ||
| Q3 25 | 1.08× | 1.90× | ||
| Q2 25 | 0.91× | 1.09× | ||
| Q1 25 | 0.52× | -0.52× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | 1.06× | 2.07× | ||
| Q2 24 | 1.28× | 1.42× |
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% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
