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布鲁克菲尔德资产管理（BAM）与Primoris Services Corp（PRIM）财务数据对比。点击上方公司名可切换其他公司
Primoris Services Corp的季度营收约是布鲁克菲尔德资产管理的1.7倍（$1.9B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs 2.8%，领先53.9%）
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。
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
BAM vs PRIM — 直观对比
营收规模更大
PRIM
是对方的1.7倍
$1.1B
净利率更高
BAM
高出53.9%
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.9B |
| 净利润 | $615.0M | $51.7M |
| 毛利率 | — | 9.4% |
| 营业利润率 | 84.2% | 4.2% |
| 净利率 | 56.7% | 2.8% |
| 营收同比 | — | 6.7% |
| 净利润同比 | — | -4.2% |
| 每股收益（稀释后） | — | $0.94 |
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BAMPRIM
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $974.0M | $2.2B | ||
| Q2 25 | $931.0M | $1.9B | ||
| Q1 25 | $954.0M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.0M | $1.6B | ||
| Q2 24 | $821.0M | $1.6B | ||
| Q1 24 | $786.0M | $1.4B |
净利润BAMPRIM
| Q4 25 | $615.0M | $51.7M | ||
| Q3 25 | $692.0M | $94.6M | ||
| Q2 25 | $584.0M | $84.3M | ||
| Q1 25 | $507.0M | $44.2M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $537.0M | $58.4M | ||
| Q2 24 | $124.0M | $49.5M | ||
| Q1 24 | $373.0M | $18.9M |
毛利率BAMPRIM
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 9.4% |
营业利润率BAMPRIM
| Q4 25 | 84.2% | 4.2% | ||
| Q3 25 | 79.1% | 6.3% | ||
| Q2 25 | 70.8% | 6.7% | ||
| Q1 25 | 61.0% | 4.3% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | 72.5% | 6.0% | ||
| Q2 24 | 80.4% | 5.5% | ||
| Q1 24 | 56.5% | 3.1% |
净利率BAMPRIM
| Q4 25 | 56.7% | 2.8% | ||
| Q3 25 | 71.0% | 4.3% | ||
| Q2 25 | 62.7% | 4.5% | ||
| Q1 25 | 53.1% | 2.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 61.5% | 3.5% | ||
| Q2 24 | 15.1% | 3.2% | ||
| Q1 24 | 47.5% | 1.3% |
每股收益（稀释后）BAMPRIM
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.73 | ||
| Q2 25 | — | $1.54 | ||
| Q1 25 | — | $0.81 | ||
| Q4 24 | — | $0.98 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.91 | ||
| Q1 24 | — | $0.35 |
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 | $535.5M |
| 总债务越低越好 | — | $469.9M |
| 股东权益账面价值 | $8.9B | $1.7B |
| 总资产 | $17.0B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资BAMPRIM
| Q4 25 | $1.6B | $535.5M | ||
| Q3 25 | $1.1B | $431.4M | ||
| Q2 25 | $480.0M | $390.3M | ||
| Q1 25 | $332.0M | $351.6M | ||
| Q4 24 | — | $455.8M | ||
| Q3 24 | — | $352.7M | ||
| Q2 24 | $10.0M | $207.4M | ||
| Q1 24 | — | $177.6M |
总债务BAMPRIM
| Q4 25 | — | $469.9M | ||
| Q3 25 | — | $486.0M | ||
| Q2 25 | — | $603.1M | ||
| Q1 25 | — | $612.0M | ||
| Q4 24 | — | $734.8M | ||
| Q3 24 | — | $903.7M | ||
| Q2 24 | — | $933.0M | ||
| Q1 24 | — | $951.7M |
股东权益BAMPRIM
| Q4 25 | $8.9B | $1.7B | ||
| Q3 25 | $8.5B | $1.6B | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $8.5B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $3.2B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
总资产BAMPRIM
| Q4 25 | $17.0B | $4.4B | ||
| Q3 25 | $16.5B | $4.6B | ||
| Q2 25 | $16.1B | $4.5B | ||
| Q1 25 | $15.0B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $4.2B | $4.0B | ||
| Q1 24 | — | $4.0B |
负债/权益比BAMPRIM
| Q4 25 | — | 0.28× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | 0.76× |
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 | $142.9M |
| 自由现金流经营现金流 - 资本支出 | — | $121.1M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 0.91× | 2.76× |
| 过去12个月自由现金流最近4个季度 | — | $340.5M |
8季度趋势，按日历期对齐
经营现金流BAMPRIM
| Q4 25 | $562.0M | $142.9M | ||
| Q3 25 | $745.0M | $182.9M | ||
| Q2 25 | $529.0M | $78.5M | ||
| Q1 25 | $265.0M | $66.2M | ||
| Q4 24 | — | $298.3M | ||
| Q3 24 | $567.0M | $222.5M | ||
| Q2 24 | $159.0M | $16.1M | ||
| Q1 24 | $516.0M | $-28.5M |
自由现金流BAMPRIM
| Q4 25 | — | $121.1M | ||
| Q3 25 | — | $148.4M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $270.0M | ||
| Q3 24 | — | $158.8M | ||
| Q2 24 | — | $-8.1M | ||
| Q1 24 | — | $-38.9M |
自由现金流率BAMPRIM
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -2.8% |
资本支出强度BAMPRIM
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 0.7% |
现金转化率BAMPRIM
| Q4 25 | 0.91× | 2.76× | ||
| Q3 25 | 1.08× | 1.93× | ||
| Q2 25 | 0.91× | 0.93× | ||
| Q1 25 | 0.52× | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | 1.06× | 3.81× | ||
| Q2 24 | 1.28× | 0.32× | ||
| Q1 24 | 1.38× | -1.50× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
