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布鲁克菲尔德资产管理（BAM）与BLUE OWL CAPITAL INC.（OWL）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BLUE OWL CAPITAL INC.的1.4倍（$1.1B vs $755.6M）。布鲁克菲尔德资产管理净利率更高（56.7% vs 6.3%，领先50.4%）
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。
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
BAM vs OWL — 直观对比
营收规模更大
BAM
是对方的1.4倍
$755.6M
净利率更高
BAM
高出50.4%
6.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $755.6M |
| 净利润 | $615.0M | $47.7M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | 22.2% |
| 净利率 | 56.7% | 6.3% |
| 营收同比 | — | 19.7% |
| 净利润同比 | — | 129.8% |
| 每股收益（稀释后） | — | $0.07 |
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BAMOWL
| Q4 25 | $1.1B | $755.6M | ||
| Q3 25 | $974.0M | $728.0M | ||
| Q2 25 | $931.0M | $703.1M | ||
| Q1 25 | $954.0M | $683.5M | ||
| Q4 24 | — | $631.4M | ||
| Q3 24 | $873.0M | $600.9M | ||
| Q2 24 | $821.0M | $549.8M | ||
| Q1 24 | $786.0M | $513.3M |
净利润BAMOWL
| Q4 25 | $615.0M | $47.7M | ||
| Q3 25 | $692.0M | $6.3M | ||
| Q2 25 | $584.0M | $17.4M | ||
| Q1 25 | $507.0M | $7.4M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | $537.0M | $29.8M | ||
| Q2 24 | $124.0M | $33.9M | ||
| Q1 24 | $373.0M | $25.1M |
营业利润率BAMOWL
| Q4 25 | 84.2% | 22.2% | ||
| Q3 25 | 79.1% | 7.6% | ||
| Q2 25 | 70.8% | 12.0% | ||
| Q1 25 | 61.0% | 5.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 72.5% | 18.7% | ||
| Q2 24 | 80.4% | 28.4% | ||
| Q1 24 | 56.5% | 24.7% |
净利率BAMOWL
| Q4 25 | 56.7% | 6.3% | ||
| Q3 25 | 71.0% | 0.9% | ||
| Q2 25 | 62.7% | 2.5% | ||
| Q1 25 | 53.1% | 1.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 61.5% | 5.0% | ||
| Q2 24 | 15.1% | 6.2% | ||
| Q1 24 | 47.5% | 4.9% |
每股收益（稀释后）BAMOWL
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.04 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.04 |
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 | $194.5M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $8.9B | $2.2B |
| 总资产 | $17.0B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 1.51× |
8季度趋势，按日历期对齐
现金及短期投资BAMOWL
| Q4 25 | $1.6B | $194.5M | ||
| Q3 25 | $1.1B | $137.3M | ||
| Q2 25 | $480.0M | $117.6M | ||
| Q1 25 | $332.0M | $97.6M | ||
| Q4 24 | — | $152.1M | ||
| Q3 24 | — | $115.9M | ||
| Q2 24 | $10.0M | $436.8M | ||
| Q1 24 | — | $155.8M |
总债务BAMOWL
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.1B |
股东权益BAMOWL
| Q4 25 | $8.9B | $2.2B | ||
| Q3 25 | $8.5B | $2.3B | ||
| Q2 25 | $8.5B | $2.4B | ||
| Q1 25 | $8.5B | $2.3B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $9.0B | $2.0B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $2.2B | $1.6B |
总资产BAMOWL
| Q4 25 | $17.0B | $12.5B | ||
| Q3 25 | $16.5B | $12.5B | ||
| Q2 25 | $16.1B | $12.3B | ||
| Q1 25 | $15.0B | $12.3B | ||
| Q4 24 | — | $11.0B | ||
| Q3 24 | — | $10.8B | ||
| Q2 24 | $4.2B | $9.7B | ||
| Q1 24 | — | $9.0B |
负债/权益比BAMOWL
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.26× |
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 | $382.9M |
| 自由现金流经营现金流 - 资本支出 | — | $359.1M |
| 自由现金流率自由现金流/营收 | — | 47.5% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 0.91× | 8.03× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流BAMOWL
| Q4 25 | $562.0M | $382.9M | ||
| Q3 25 | $745.0M | $433.1M | ||
| Q2 25 | $529.0M | $422.5M | ||
| Q1 25 | $265.0M | $17.6M | ||
| Q4 24 | — | $324.0M | ||
| Q3 24 | $567.0M | $326.0M | ||
| Q2 24 | $159.0M | $302.3M | ||
| Q1 24 | $516.0M | $47.2M |
自由现金流BAMOWL
| Q4 25 | — | $359.1M | ||
| Q3 25 | — | $422.5M | ||
| Q2 25 | — | $412.5M | ||
| Q1 25 | — | $4.2M | ||
| Q4 24 | — | $310.1M | ||
| Q3 24 | — | $314.8M | ||
| Q2 24 | — | $269.4M | ||
| Q1 24 | — | $41.1M |
自由现金流率BAMOWL
| Q4 25 | — | 47.5% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | — | 58.7% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 49.1% | ||
| Q3 24 | — | 52.4% | ||
| Q2 24 | — | 49.0% | ||
| Q1 24 | — | 8.0% |
资本支出强度BAMOWL
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | — | 1.2% |
现金转化率BAMOWL
| Q4 25 | 0.91× | 8.03× | ||
| Q3 25 | 1.08× | 68.64× | ||
| Q2 25 | 0.91× | 24.25× | ||
| Q1 25 | 0.52× | 2.37× | ||
| Q4 24 | — | 15.62× | ||
| Q3 24 | 1.06× | 10.94× | ||
| Q2 24 | 1.28× | 8.91× | ||
| Q1 24 | 1.38× | 1.88× |
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% |
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
