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布鲁克菲尔德资产管理（BAM）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是布鲁克菲尔德资产管理的1.4倍（$1.5B vs $1.1B），布鲁克菲尔德资产管理净利率更高（56.7% vs -3.1%，领先59.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
BAM vs RXO — 直观对比
营收规模更大
RXO
是对方的1.4倍
$1.1B
净利率更高
BAM
高出59.8%
-3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $615.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 84.2% | -2.9% |
| 净利率 | 56.7% | -3.1% |
| 营收同比 | — | -11.9% |
| 净利润同比 | — | -84.0% |
| 每股收益（稀释后） | — | $-0.28 |
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BAMRXO
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $974.0M | $1.4B | ||
| Q2 25 | $931.0M | $1.4B | ||
| Q1 25 | $954.0M | $1.4B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $873.0M | $1.0B | ||
| Q2 24 | $821.0M | $930.0M | ||
| Q1 24 | $786.0M | $913.0M |
净利润BAMRXO
| Q4 25 | $615.0M | $-46.0M | ||
| Q3 25 | $692.0M | $-14.0M | ||
| Q2 25 | $584.0M | $-9.0M | ||
| Q1 25 | $507.0M | $-31.0M | ||
| Q4 24 | — | $-25.0M | ||
| Q3 24 | $537.0M | $-243.0M | ||
| Q2 24 | $124.0M | $-7.0M | ||
| Q1 24 | $373.0M | $-15.0M |
营业利润率BAMRXO
| Q4 25 | 84.2% | -2.9% | ||
| Q3 25 | 79.1% | -0.5% | ||
| Q2 25 | 70.8% | — | ||
| Q1 25 | 61.0% | -2.1% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | 72.5% | -1.9% | ||
| Q2 24 | 80.4% | — | ||
| Q1 24 | 56.5% | -1.3% |
净利率BAMRXO
| Q4 25 | 56.7% | -3.1% | ||
| Q3 25 | 71.0% | -1.0% | ||
| Q2 25 | 62.7% | -0.6% | ||
| Q1 25 | 53.1% | -2.2% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | 61.5% | -23.4% | ||
| Q2 24 | 15.1% | -0.8% | ||
| Q1 24 | 47.5% | -1.6% |
每股收益（稀释后）BAMRXO
| Q4 25 | — | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | — | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | — | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $8.9B | $1.5B |
| 总资产 | $17.0B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BAMRXO
| Q4 25 | $1.6B | $17.0M | ||
| Q3 25 | $1.1B | $25.0M | ||
| Q2 25 | $480.0M | $18.0M | ||
| Q1 25 | $332.0M | $16.0M | ||
| Q4 24 | — | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | $10.0M | $7.0M | ||
| Q1 24 | — | $7.0M |
总债务BAMRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益BAMRXO
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | $1.6B | ||
| Q2 25 | $8.5B | $1.6B | ||
| Q1 25 | $8.5B | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $3.2B | $579.0M | ||
| Q1 24 | $2.2B | $582.0M |
总资产BAMRXO
| Q4 25 | $17.0B | $3.3B | ||
| Q3 25 | $16.5B | $3.2B | ||
| Q2 25 | $16.1B | $3.2B | ||
| Q1 25 | $15.0B | $3.3B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $4.2B | $1.8B | ||
| Q1 24 | — | $1.8B |
负债/权益比BAMRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 0.91× | — |
| 过去12个月自由现金流最近4个季度 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流BAMRXO
| Q4 25 | $562.0M | $7.0M | ||
| Q3 25 | $745.0M | $23.0M | ||
| Q2 25 | $529.0M | $23.0M | ||
| Q1 25 | $265.0M | $-2.0M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | $567.0M | $-7.0M | ||
| Q2 24 | $159.0M | $-5.0M | ||
| Q1 24 | $516.0M | $7.0M |
自由现金流BAMRXO
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | — | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | — | $-16.0M | ||
| Q1 24 | — | $-4.0M |
自由现金流率BAMRXO
| Q4 25 | — | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | -1.7% | ||
| Q1 24 | — | -0.4% |
资本支出强度BAMRXO
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.2% |
现金转化率BAMRXO
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | — |
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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
