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布鲁克菲尔德资产管理（BAM）与美森（MATX）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美森的1.3倍（$1.1B vs $851.9M），布鲁克菲尔德资产管理净利率更高（56.7% vs 16.8%，领先39.9%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
BAM vs MATX — 直观对比
营收规模更大
BAM
是对方的1.3倍
$851.9M
净利率更高
BAM
高出39.9%
16.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $851.9M |
| 净利润 | $615.0M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | 16.9% |
| 净利率 | 56.7% | 16.8% |
| 营收同比 | — | -4.3% |
| 净利润同比 | — | 11.8% |
| 每股收益（稀释后） | — | $4.47 |
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BAMMATX
| Q4 25 | $1.1B | $851.9M | ||
| Q3 25 | $974.0M | $880.1M | ||
| Q2 25 | $931.0M | $830.5M | ||
| Q1 25 | $954.0M | $782.0M | ||
| Q4 24 | — | $890.3M | ||
| Q3 24 | $873.0M | $962.0M | ||
| Q2 24 | $821.0M | $847.4M | ||
| Q1 24 | $786.0M | $722.1M |
净利润BAMMATX
| Q4 25 | $615.0M | $143.1M | ||
| Q3 25 | $692.0M | $134.7M | ||
| Q2 25 | $584.0M | $94.7M | ||
| Q1 25 | $507.0M | $72.3M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | $537.0M | $199.1M | ||
| Q2 24 | $124.0M | $113.2M | ||
| Q1 24 | $373.0M | $36.1M |
营业利润率BAMMATX
| Q4 25 | 84.2% | 16.9% | ||
| Q3 25 | 79.1% | 18.3% | ||
| Q2 25 | 70.8% | 13.6% | ||
| Q1 25 | 61.0% | 10.5% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 72.5% | 25.2% | ||
| Q2 24 | 80.4% | 14.7% | ||
| Q1 24 | 56.5% | 5.1% |
净利率BAMMATX
| Q4 25 | 56.7% | 16.8% | ||
| Q3 25 | 71.0% | 15.3% | ||
| Q2 25 | 62.7% | 11.4% | ||
| Q1 25 | 53.1% | 9.2% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | 61.5% | 20.7% | ||
| Q2 24 | 15.1% | 13.4% | ||
| Q1 24 | 47.5% | 5.0% |
每股收益（稀释后）BAMMATX
| Q4 25 | — | $4.47 | ||
| Q3 25 | — | $4.24 | ||
| Q2 25 | — | $2.92 | ||
| Q1 25 | — | $2.18 | ||
| Q4 24 | — | $3.69 | ||
| Q3 24 | — | $5.89 | ||
| Q2 24 | — | $3.31 | ||
| Q1 24 | — | $1.04 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $8.9B | $2.8B |
| 总资产 | $17.0B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资BAMMATX
| Q4 25 | $1.6B | $141.9M | ||
| Q3 25 | $1.1B | $92.7M | ||
| Q2 25 | $480.0M | $59.1M | ||
| Q1 25 | $332.0M | $122.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $270.3M | ||
| Q2 24 | $10.0M | $168.2M | ||
| Q1 24 | — | $25.9M |
总债务BAMMATX
| Q4 25 | — | $361.2M | ||
| Q3 25 | — | $370.9M | ||
| Q2 25 | — | $341.3M | ||
| Q1 25 | — | $351.1M | ||
| Q4 24 | — | $361.2M | ||
| Q3 24 | — | $370.9M | ||
| Q2 24 | — | $381.0M | ||
| Q1 24 | — | $390.8M |
股东权益BAMMATX
| Q4 25 | $8.9B | $2.8B | ||
| Q3 25 | $8.5B | $2.7B | ||
| Q2 25 | $8.5B | $2.6B | ||
| Q1 25 | $8.5B | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | $3.2B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
总资产BAMMATX
| Q4 25 | $17.0B | $4.6B | ||
| Q3 25 | $16.5B | $4.6B | ||
| Q2 25 | $16.1B | $4.5B | ||
| Q1 25 | $15.0B | $4.5B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $4.2B | $4.3B | ||
| Q1 24 | — | $4.2B |
负债/权益比BAMMATX
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流BAMMATX
| Q4 25 | $562.0M | $176.9M | ||
| Q3 25 | $745.0M | $175.6M | ||
| Q2 25 | $529.0M | $105.6M | ||
| Q1 25 | $265.0M | $89.0M | ||
| Q4 24 | — | $174.7M | ||
| Q3 24 | $567.0M | $248.6M | ||
| Q2 24 | $159.0M | $307.9M | ||
| Q1 24 | $516.0M | $36.6M |
自由现金流BAMMATX
| Q4 25 | — | $42.2M | ||
| Q3 25 | — | $92.4M | ||
| Q2 25 | — | $19.3M | ||
| Q1 25 | — | $-200.0K | ||
| Q4 24 | — | $49.3M | ||
| Q3 24 | — | $189.0M | ||
| Q2 24 | — | $238.1M | ||
| Q1 24 | — | $-18.7M |
自由现金流率BAMMATX
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -0.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | -2.6% |
资本支出强度BAMMATX
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 7.7% |
现金转化率BAMMATX
| Q4 25 | 0.91× | 1.24× | ||
| Q3 25 | 1.08× | 1.30× | ||
| Q2 25 | 0.91× | 1.12× | ||
| Q1 25 | 0.52× | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | 1.06× | 1.25× | ||
| Q2 24 | 1.28× | 2.72× | ||
| Q1 24 | 1.38× | 1.01× |
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% |
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
