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布鲁克菲尔德资产管理（BAM）与FORWARD AIR CORP（FWRD）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FORWARD AIR CORP的1.7倍（$1.1B vs $631.2M），布鲁克菲尔德资产管理净利率更高（56.7% vs -4.5%，领先61.2%）
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。
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
BAM vs FWRD — 直观对比
营收规模更大
BAM
是对方的1.7倍
$631.2M
净利率更高
BAM
高出61.2%
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $631.2M |
| 净利润 | $615.0M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | -0.5% |
| 净利率 | 56.7% | -4.5% |
| 营收同比 | — | -0.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | — | $-0.90 |
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BAMFWRD
| Q4 25 | $1.1B | $631.2M | ||
| Q3 25 | $974.0M | $631.8M | ||
| Q2 25 | $931.0M | $618.8M | ||
| Q1 25 | $954.0M | $613.3M | ||
| Q4 24 | — | $632.8M | ||
| Q3 24 | $873.0M | $655.9M | ||
| Q2 24 | $821.0M | $643.7M | ||
| Q1 24 | $786.0M | $541.8M |
净利润BAMFWRD
| Q4 25 | $615.0M | $-28.3M | ||
| Q3 25 | $692.0M | $-16.3M | ||
| Q2 25 | $584.0M | $-12.6M | ||
| Q1 25 | $507.0M | $-50.6M | ||
| Q4 24 | — | $-36.4M | ||
| Q3 24 | $537.0M | $-73.4M | ||
| Q2 24 | $124.0M | $-645.4M | ||
| Q1 24 | $373.0M | $-61.7M |
营业利润率BAMFWRD
| Q4 25 | 84.2% | -0.5% | ||
| Q3 25 | 79.1% | 2.4% | ||
| Q2 25 | 70.8% | 3.2% | ||
| Q1 25 | 61.0% | 0.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 72.5% | 3.5% | ||
| Q2 24 | 80.4% | -170.2% | ||
| Q1 24 | 56.5% | -12.1% |
净利率BAMFWRD
| Q4 25 | 56.7% | -4.5% | ||
| Q3 25 | 71.0% | -2.6% | ||
| Q2 25 | 62.7% | -2.0% | ||
| Q1 25 | 53.1% | -8.3% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | 61.5% | -11.2% | ||
| Q2 24 | 15.1% | -100.3% | ||
| Q1 24 | 47.5% | -11.4% |
每股收益（稀释后）BAMFWRD
| Q4 25 | — | $-0.90 | ||
| Q3 25 | — | $-0.52 | ||
| Q2 25 | — | $-0.41 | ||
| Q1 25 | — | $-1.68 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | — | $-2.66 | ||
| Q2 24 | — | $-23.47 | ||
| Q1 24 | — | $-2.81 |
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 | $1.6B | $106.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $8.9B | $113.3M |
| 总资产 | $17.0B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资BAMFWRD
| Q4 25 | $1.6B | $106.0M | ||
| Q3 25 | $1.1B | $140.4M | ||
| Q2 25 | $480.0M | $95.1M | ||
| Q1 25 | $332.0M | $116.3M | ||
| Q4 24 | — | $104.9M | ||
| Q3 24 | — | $136.6M | ||
| Q2 24 | $10.0M | $84.9M | ||
| Q1 24 | — | $152.0M |
总债务BAMFWRD
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益BAMFWRD
| Q4 25 | $8.9B | $113.3M | ||
| Q3 25 | $8.5B | $139.8M | ||
| Q2 25 | $8.5B | $151.8M | ||
| Q1 25 | $8.5B | $154.6M | ||
| Q4 24 | — | $201.7M | ||
| Q3 24 | $9.0B | $226.1M | ||
| Q2 24 | $3.2B | $283.8M | ||
| Q1 24 | $2.2B | $926.1M |
总资产BAMFWRD
| Q4 25 | $17.0B | $2.7B | ||
| Q3 25 | $16.5B | $2.8B | ||
| Q2 25 | $16.1B | $2.8B | ||
| Q1 25 | $15.0B | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $4.2B | $3.1B | ||
| Q1 24 | — | $4.0B |
负债/权益比BAMFWRD
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.81× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BAMFWRD
| Q4 25 | $562.0M | — | ||
| Q3 25 | $745.0M | $52.7M | ||
| Q2 25 | $529.0M | — | ||
| Q1 25 | $265.0M | $27.6M | ||
| Q4 24 | — | $-23.2M | ||
| Q3 24 | $567.0M | $51.2M | ||
| Q2 24 | $159.0M | $-45.2M | ||
| Q1 24 | $516.0M | $-51.7M |
自由现金流BAMFWRD
| Q4 25 | — | — | ||
| Q3 25 | — | $48.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | — | $-30.5M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | — | $-59.6M | ||
| Q1 24 | — | $-56.7M |
自由现金流率BAMFWRD
| Q4 25 | — | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | -4.8% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -9.3% | ||
| Q1 24 | — | -10.5% |
资本支出强度BAMFWRD
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 0.9% |
现金转化率BAMFWRD
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| 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% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
