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布鲁克菲尔德资产管理（BAM）与Science Applications International Corp（SAIC）财务数据对比。点击上方公司名可切换其他公司
Science Applications International 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 4.2%，领先52.5%）
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。
科学应用国际公司（SAIC）是一家总部位于美国弗吉尼亚州雷斯顿的科技企业，主要为政府机构提供专业服务与信息技术支持，在公共部门技术服务领域拥有丰富的行业经验与技术积累。
BAM vs SAIC — 直观对比
营收规模更大
SAIC
是对方的1.7倍
$1.1B
净利率更高
BAM
高出52.5%
4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.9B |
| 净利润 | $615.0M | $78.0M |
| 毛利率 | — | 12.2% |
| 营业利润率 | 84.2% | 6.9% |
| 净利率 | 56.7% | 4.2% |
| 营收同比 | — | 2.6% |
| 净利润同比 | — | -3.7% |
| 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BAMSAIC
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $974.0M | — | ||
| Q2 25 | $931.0M | $1.9B | ||
| Q1 25 | $954.0M | — | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $873.0M | $1.8B | ||
| Q2 24 | $821.0M | $1.8B | ||
| Q1 24 | $786.0M | $1.7B |
净利润BAMSAIC
| Q4 25 | $615.0M | $78.0M | ||
| Q3 25 | $692.0M | — | ||
| Q2 25 | $584.0M | $68.0M | ||
| Q1 25 | $507.0M | — | ||
| Q4 24 | — | $106.0M | ||
| Q3 24 | $537.0M | $81.0M | ||
| Q2 24 | $124.0M | $77.0M | ||
| Q1 24 | $373.0M | $39.0M |
毛利率BAMSAIC
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 11.1% |
营业利润率BAMSAIC
| Q4 25 | 84.2% | 6.9% | ||
| Q3 25 | 79.1% | — | ||
| Q2 25 | 70.8% | 6.4% | ||
| Q1 25 | 61.0% | — | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | 72.5% | 7.4% | ||
| Q2 24 | 80.4% | 7.1% | ||
| Q1 24 | 56.5% | 4.5% |
净利率BAMSAIC
| Q4 25 | 56.7% | 4.2% | ||
| Q3 25 | 71.0% | — | ||
| Q2 25 | 62.7% | 3.6% | ||
| Q1 25 | 53.1% | — | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 61.5% | 4.5% | ||
| Q2 24 | 15.1% | 4.2% | ||
| Q1 24 | 47.5% | 2.2% |
每股收益（稀释后）BAMSAIC
| Q4 25 | — | $1.69 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.42 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.13 | ||
| Q3 24 | — | $1.58 | ||
| Q2 24 | — | $1.48 | ||
| Q1 24 | — | $0.77 |
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 | $45.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $8.9B | $1.5B |
| 总资产 | $17.0B | $5.4B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资BAMSAIC
| Q4 25 | $1.6B | $45.0M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $480.0M | $47.0M | ||
| Q1 25 | $332.0M | — | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | — | $48.0M | ||
| Q2 24 | $10.0M | $49.0M | ||
| Q1 24 | — | $94.0M |
总债务BAMSAIC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益BAMSAIC
| Q4 25 | $8.9B | $1.5B | ||
| Q3 25 | $8.5B | — | ||
| Q2 25 | $8.5B | $1.5B | ||
| Q1 25 | $8.5B | — | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $9.0B | $1.6B | ||
| Q2 24 | $3.2B | $1.8B | ||
| Q1 24 | $2.2B | $1.8B |
总资产BAMSAIC
| Q4 25 | $17.0B | $5.4B | ||
| Q3 25 | $16.5B | — | ||
| Q2 25 | $16.1B | $5.2B | ||
| Q1 25 | $15.0B | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | $4.2B | $5.3B | ||
| Q1 24 | — | $5.3B |
负债/权益比BAMSAIC
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.18× |
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 | $129.0M |
| 自由现金流经营现金流 - 资本支出 | — | $120.0M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $478.0M |
8季度趋势，按日历期对齐
经营现金流BAMSAIC
| Q4 25 | $562.0M | $129.0M | ||
| Q3 25 | $745.0M | — | ||
| Q2 25 | $529.0M | $100.0M | ||
| Q1 25 | $265.0M | — | ||
| Q4 24 | — | $143.0M | ||
| Q3 24 | $567.0M | $138.0M | ||
| Q2 24 | $159.0M | $98.0M | ||
| Q1 24 | $516.0M | $63.0M |
自由现金流BAMSAIC
| Q4 25 | — | $120.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $92.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $132.0M | ||
| Q2 24 | — | $92.0M | ||
| Q1 24 | — | $52.0M |
自由现金流率BAMSAIC
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 3.0% |
资本支出强度BAMSAIC
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.6% |
现金转化率BAMSAIC
| Q4 25 | 0.91× | 1.65× | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 0.91× | 1.47× | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | 1.06× | 1.70× | ||
| Q2 24 | 1.28× | 1.27× | ||
| Q1 24 | 1.38× | 1.62× |
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% |
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
