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布鲁克菲尔德资产管理（BAM）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是布鲁克菲尔德资产管理的1.3倍（$1.4B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 17.7%，领先39.0%）
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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
BAM vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.3倍
$1.1B
净利率更高
BAM
高出39.0%
17.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $615.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 84.2% | 20.1% |
| 净利率 | 56.7% | 17.7% |
| 营收同比 | — | 6.1% |
| 净利润同比 | — | 25.4% |
| 每股收益（稀释后） | — | $1.69 |
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BAMLOGI
| Q4 25 | $1.1B | $1.4B | ||
| Q3 25 | $974.0M | $1.2B | ||
| Q2 25 | $931.0M | $1.1B | ||
| Q1 25 | $954.0M | $1.0B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $873.0M | $1.1B | ||
| Q2 24 | $821.0M | $1.1B | ||
| Q1 24 | $786.0M | $1.0B |
净利润BAMLOGI
| Q4 25 | $615.0M | $251.0M | ||
| Q3 25 | $692.0M | $170.7M | ||
| Q2 25 | $584.0M | $146.0M | ||
| Q1 25 | $507.0M | $144.1M | ||
| Q4 24 | — | $200.1M | ||
| Q3 24 | $537.0M | $145.5M | ||
| Q2 24 | $124.0M | $141.8M | ||
| Q1 24 | $373.0M | $167.6M |
毛利率BAMLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
营业利润率BAMLOGI
| Q4 25 | 84.2% | 20.1% | ||
| Q3 25 | 79.1% | 16.1% | ||
| Q2 25 | 70.8% | 14.1% | ||
| Q1 25 | 61.0% | 10.5% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | 72.5% | 14.4% | ||
| Q2 24 | 80.4% | 14.1% | ||
| Q1 24 | 56.5% | 12.9% |
净利率BAMLOGI
| Q4 25 | 56.7% | 17.7% | ||
| Q3 25 | 71.0% | 14.4% | ||
| Q2 25 | 62.7% | 12.7% | ||
| Q1 25 | 53.1% | 14.3% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | 61.5% | 13.0% | ||
| Q2 24 | 15.1% | 13.0% | ||
| Q1 24 | 47.5% | 16.6% |
每股收益（稀释后）BAMLOGI
| Q4 25 | — | $1.69 | ||
| Q3 25 | — | $1.15 | ||
| Q2 25 | — | $0.98 | ||
| Q1 25 | — | $0.94 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.95 | ||
| Q2 24 | — | $0.92 | ||
| Q1 24 | — | $1.07 |
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 | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $2.3B |
| 总资产 | $17.0B | $4.1B |
| 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BAMLOGI
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $480.0M | $1.5B | ||
| Q1 25 | $332.0M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $10.0M | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益BAMLOGI
| Q4 25 | $8.9B | $2.3B | ||
| Q3 25 | $8.5B | $2.1B | ||
| Q2 25 | $8.5B | $2.2B | ||
| Q1 25 | $8.5B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $9.0B | $2.1B | ||
| Q2 24 | $3.2B | $2.2B | ||
| Q1 24 | $2.2B | $2.2B |
总资产BAMLOGI
| Q4 25 | $17.0B | $4.1B | ||
| Q3 25 | $16.5B | $3.7B | ||
| Q2 25 | $16.1B | $3.7B | ||
| Q1 25 | $15.0B | $3.5B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $4.2B | $3.7B | ||
| Q1 24 | — | $3.6B |
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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | — | $465.6M |
| 自由现金流率自由现金流/营收 | — | 32.8% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | $903.6M |
8季度趋势，按日历期对齐
经营现金流BAMLOGI
| Q4 25 | $562.0M | $480.5M | ||
| Q3 25 | $745.0M | $228.8M | ||
| Q2 25 | $529.0M | $125.0M | ||
| Q1 25 | $265.0M | $129.7M | ||
| Q4 24 | — | $370.9M | ||
| Q3 24 | $567.0M | $166.0M | ||
| Q2 24 | $159.0M | $176.0M | ||
| Q1 24 | $516.0M | $239.1M |
自由现金流BAMLOGI
| Q4 25 | — | $465.6M | ||
| Q3 25 | — | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | — | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
自由现金流率BAMLOGI
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
资本支出强度BAMLOGI
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
现金转化率BAMLOGI
| Q4 25 | 0.91× | 1.91× | ||
| Q3 25 | 1.08× | 1.34× | ||
| Q2 25 | 0.91× | 0.86× | ||
| Q1 25 | 0.52× | 0.90× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | 1.06× | 1.14× | ||
| Q2 24 | 1.28× | 1.24× | ||
| Q1 24 | 1.38× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
