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布鲁克菲尔德资产管理（BAM）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是布鲁克菲尔德资产管理的1.6倍（$1.7B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 14.8%，领先41.9%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
BAM vs GFS — 直观对比
营收规模更大
GFS
是对方的1.6倍
$1.1B
净利率更高
BAM
高出41.9%
14.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $615.0M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 84.2% | 11.6% |
| 净利率 | 56.7% | 14.8% |
| 营收同比 | — | -2.9% |
| 净利润同比 | — | 39.9% |
| 每股收益（稀释后） | — | $0.44 |
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BAMGFS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $974.0M | $1.7B | ||
| Q2 25 | $931.0M | $1.7B | ||
| Q1 25 | $954.0M | $1.6B | ||
| Q3 24 | $873.0M | $1.7B | ||
| Q2 24 | $821.0M | $1.6B | ||
| Q1 24 | $786.0M | $1.5B | ||
| Q3 23 | — | $1.9B |
净利润BAMGFS
| Q4 25 | $615.0M | — | ||
| Q3 25 | $692.0M | $249.0M | ||
| Q2 25 | $584.0M | $228.0M | ||
| Q1 25 | $507.0M | $211.0M | ||
| Q3 24 | $537.0M | $178.0M | ||
| Q2 24 | $124.0M | $155.0M | ||
| Q1 24 | $373.0M | $134.0M | ||
| Q3 23 | — | $249.0M |
毛利率BAMGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 25.4% | ||
| Q3 23 | — | 28.6% |
营业利润率BAMGFS
| Q4 25 | 84.2% | — | ||
| Q3 25 | 79.1% | 11.6% | ||
| Q2 25 | 70.8% | 11.6% | ||
| Q1 25 | 61.0% | 9.5% | ||
| Q3 24 | 72.5% | 10.6% | ||
| Q2 24 | 80.4% | 9.5% | ||
| Q1 24 | 56.5% | 9.5% | ||
| Q3 23 | — | 14.1% |
净利率BAMGFS
| Q4 25 | 56.7% | — | ||
| Q3 25 | 71.0% | 14.8% | ||
| Q2 25 | 62.7% | 13.5% | ||
| Q1 25 | 53.1% | 13.3% | ||
| Q3 24 | 61.5% | 10.2% | ||
| Q2 24 | 15.1% | 9.5% | ||
| Q1 24 | 47.5% | 8.7% | ||
| Q3 23 | — | 13.4% |
每股收益（稀释后）BAMGFS
| Q4 25 | — | — | ||
| Q3 25 | — | $0.44 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.38 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | — | $0.28 | ||
| Q1 24 | — | $0.24 | ||
| Q3 23 | — | $0.45 |
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 | $2.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $11.8B |
| 总资产 | $17.0B | $16.7B |
| 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BAMGFS
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $480.0M | $1.8B | ||
| Q1 25 | $332.0M | $1.6B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $10.0M | $2.2B | ||
| Q1 24 | — | $2.2B | ||
| Q3 23 | — | $1.9B |
股东权益BAMGFS
| Q4 25 | $8.9B | — | ||
| Q3 25 | $8.5B | $11.8B | ||
| Q2 25 | $8.5B | $11.5B | ||
| Q1 25 | $8.5B | $11.1B | ||
| Q3 24 | $9.0B | $11.6B | ||
| Q2 24 | $3.2B | $11.3B | ||
| Q1 24 | $2.2B | $11.3B | ||
| Q3 23 | — | $10.8B |
总资产BAMGFS
| Q4 25 | $17.0B | — | ||
| Q3 25 | $16.5B | $16.7B | ||
| Q2 25 | $16.1B | $16.8B | ||
| Q1 25 | $15.0B | $16.5B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | $17.8B |
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 | $595.0M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 0.91× | 2.39× |
| 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BAMGFS
| Q4 25 | $562.0M | — | ||
| Q3 25 | $745.0M | $595.0M | ||
| Q2 25 | $529.0M | $431.0M | ||
| Q1 25 | $265.0M | $331.0M | ||
| Q3 24 | $567.0M | $375.0M | ||
| Q2 24 | $159.0M | $402.0M | ||
| Q1 24 | $516.0M | $488.0M | ||
| Q3 23 | — | $416.0M |
现金转化率BAMGFS
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | 2.39× | ||
| Q2 25 | 0.91× | 1.89× | ||
| Q1 25 | 0.52× | 1.57× | ||
| Q3 24 | 1.06× | 2.11× | ||
| Q2 24 | 1.28× | 2.59× | ||
| Q1 24 | 1.38× | 3.64× | ||
| Q3 23 | — | 1.67× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
