vs
布鲁克菲尔德资产管理（BAM）与六旗（FUN）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六旗的1.7倍（$1.1B vs $650.1M），布鲁克菲尔德资产管理净利率更高（56.7% vs -14.2%，领先70.9%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
BAM vs FUN — 直观对比
营收规模更大
BAM
是对方的1.7倍
$650.1M
净利率更高
BAM
高出70.9%
-14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $650.1M |
| 净利润 | $615.0M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | 84.2% | -3.8% |
| 净利率 | 56.7% | -14.2% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $-0.93 |
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BAMFUN
| Q4 25 | $1.1B | $650.1M | ||
| Q3 25 | $974.0M | $1.3B | ||
| Q2 25 | $931.0M | $930.4M | ||
| Q1 25 | $954.0M | $202.1M | ||
| Q3 24 | $873.0M | $1.3B | ||
| Q2 24 | $821.0M | $571.6M | ||
| Q1 24 | $786.0M | — |
净利润BAMFUN
| Q4 25 | $615.0M | $-92.4M | ||
| Q3 25 | $692.0M | $-1.2B | ||
| Q2 25 | $584.0M | $-99.6M | ||
| Q1 25 | $507.0M | $-219.7M | ||
| Q3 24 | $537.0M | $111.0M | ||
| Q2 24 | $124.0M | $55.6M | ||
| Q1 24 | $373.0M | — |
毛利率BAMFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | — | 91.6% | ||
| Q2 25 | — | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q3 24 | — | 91.9% | ||
| Q2 24 | — | 90.7% | ||
| Q1 24 | — | — |
营业利润率BAMFUN
| Q4 25 | 84.2% | -3.8% | ||
| Q3 25 | 79.1% | -83.7% | ||
| Q2 25 | 70.8% | 8.0% | ||
| Q1 25 | 61.0% | -158.9% | ||
| Q3 24 | 72.5% | 19.5% | ||
| Q2 24 | 80.4% | 21.6% | ||
| Q1 24 | 56.5% | — |
净利率BAMFUN
| Q4 25 | 56.7% | -14.2% | ||
| Q3 25 | 71.0% | -90.1% | ||
| Q2 25 | 62.7% | -10.7% | ||
| Q1 25 | 53.1% | -108.7% | ||
| Q3 24 | 61.5% | 8.2% | ||
| Q2 24 | 15.1% | 9.7% | ||
| Q1 24 | 47.5% | — |
每股收益（稀释后）BAMFUN
| Q4 25 | — | $-0.93 | ||
| Q3 25 | — | $-11.77 | ||
| Q2 25 | — | $-0.99 | ||
| Q1 25 | — | $-2.20 | ||
| Q3 24 | — | $1.10 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $91.1M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $8.9B | $549.8M |
| 总资产 | $17.0B | $7.8B |
| 负债/权益比越低杠杆越低 | — | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资BAMFUN
| Q4 25 | $1.6B | $91.1M | ||
| Q3 25 | $1.1B | $70.7M | ||
| Q2 25 | $480.0M | $107.4M | ||
| Q1 25 | $332.0M | $61.5M | ||
| Q3 24 | — | $89.7M | ||
| Q2 24 | $10.0M | $52.9M | ||
| Q1 24 | — | — |
总债务BAMFUN
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | — |
股东权益BAMFUN
| Q4 25 | $8.9B | $549.8M | ||
| Q3 25 | $8.5B | $614.3M | ||
| Q2 25 | $8.5B | $1.8B | ||
| Q1 25 | $8.5B | $1.8B | ||
| Q3 24 | $9.0B | $2.3B | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.2B | — |
总资产BAMFUN
| Q4 25 | $17.0B | $7.8B | ||
| Q3 25 | $16.5B | $7.9B | ||
| Q2 25 | $16.1B | $9.5B | ||
| Q1 25 | $15.0B | $9.2B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | $4.2B | $2.3B | ||
| Q1 24 | — | — |
负债/权益比BAMFUN
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — | ||
| Q1 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 | $562.0M | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-109.3M |
| 自由现金流率自由现金流/营收 | — | -16.8% |
| 资本支出强度资本支出/营收 | — | 11.0% |
| 现金转化率经营现金流/净利润 | 0.91× | — |
| 过去12个月自由现金流最近4个季度 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流BAMFUN
| Q4 25 | $562.0M | $-37.7M | ||
| Q3 25 | $745.0M | $356.2M | ||
| Q2 25 | $529.0M | $187.0M | ||
| Q1 25 | $265.0M | $-178.0M | ||
| Q3 24 | $567.0M | $337.4M | ||
| Q2 24 | $159.0M | — | ||
| Q1 24 | $516.0M | — |
自由现金流BAMFUN
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率BAMFUN
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度BAMFUN
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率BAMFUN
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q3 24 | 1.06× | 3.04× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
