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布鲁克菲尔德资产管理（BAM）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.4倍（$1.1B vs $766.5M），布鲁克菲尔德资产管理净利率更高（56.7% vs 2.2%，领先54.5%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
BAM vs SCSC — 直观对比
营收规模更大
BAM
是对方的1.4倍
$766.5M
净利率更高
BAM
高出54.5%
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $766.5M |
| 净利润 | $615.0M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 84.2% | 2.3% |
| 净利率 | 56.7% | 2.2% |
| 营收同比 | — | 2.5% |
| 净利润同比 | — | -3.3% |
| 每股收益（稀释后） | — | $0.75 |
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BAMSCSC
| Q4 25 | $1.1B | $766.5M | ||
| Q3 25 | $974.0M | $739.6M | ||
| Q2 25 | $931.0M | $812.9M | ||
| Q1 25 | $954.0M | $704.8M | ||
| Q4 24 | — | $747.5M | ||
| Q3 24 | $873.0M | $775.6M | ||
| Q2 24 | $821.0M | $746.1M | ||
| Q1 24 | $786.0M | $752.6M |
净利润BAMSCSC
| Q4 25 | $615.0M | $16.5M | ||
| Q3 25 | $692.0M | $19.9M | ||
| Q2 25 | $584.0M | $20.1M | ||
| Q1 25 | $507.0M | $17.4M | ||
| Q4 24 | — | $17.1M | ||
| Q3 24 | $537.0M | $17.0M | ||
| Q2 24 | $124.0M | $16.1M | ||
| Q1 24 | $373.0M | $12.8M |
毛利率BAMSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率BAMSCSC
| Q4 25 | 84.2% | 2.3% | ||
| Q3 25 | 79.1% | 3.5% | ||
| Q2 25 | 70.8% | 3.3% | ||
| Q1 25 | 61.0% | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 72.5% | 2.3% | ||
| Q2 24 | 80.4% | 2.9% | ||
| Q1 24 | 56.5% | 2.3% |
净利率BAMSCSC
| Q4 25 | 56.7% | 2.2% | ||
| Q3 25 | 71.0% | 2.7% | ||
| Q2 25 | 62.7% | 2.5% | ||
| Q1 25 | 53.1% | 2.5% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 61.5% | 2.2% | ||
| Q2 24 | 15.1% | 2.2% | ||
| Q1 24 | 47.5% | 1.7% |
每股收益（稀释后）BAMSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.50 |
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 | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $910.9M |
| 总资产 | $17.0B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BAMSCSC
| Q4 25 | $1.6B | $83.5M | ||
| Q3 25 | $1.1B | $124.9M | ||
| Q2 25 | $480.0M | $126.2M | ||
| Q1 25 | $332.0M | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | $10.0M | $185.5M | ||
| Q1 24 | — | $159.1M |
股东权益BAMSCSC
| Q4 25 | $8.9B | $910.9M | ||
| Q3 25 | $8.5B | $914.0M | ||
| Q2 25 | $8.5B | $906.4M | ||
| Q1 25 | $8.5B | $901.7M | ||
| Q4 24 | — | $900.7M | ||
| Q3 24 | $9.0B | $920.9M | ||
| Q2 24 | $3.2B | $924.3M | ||
| Q1 24 | $2.2B | $944.1M |
总资产BAMSCSC
| Q4 25 | $17.0B | $1.7B | ||
| Q3 25 | $16.5B | $1.7B | ||
| Q2 25 | $16.1B | $1.8B | ||
| Q1 25 | $15.0B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $4.2B | $1.8B | ||
| Q1 24 | — | $1.8B |
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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 0.91× | 1.87× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BAMSCSC
| Q4 25 | $562.0M | $30.8M | ||
| Q3 25 | $745.0M | $23.2M | ||
| Q2 25 | $529.0M | — | ||
| Q1 25 | $265.0M | $66.1M | ||
| Q4 24 | — | $-6.2M | ||
| Q3 24 | $567.0M | $44.8M | ||
| Q2 24 | $159.0M | — | ||
| Q1 24 | $516.0M | $160.2M |
自由现金流BAMSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率BAMSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度BAMSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率BAMSCSC
| Q4 25 | 0.91× | 1.87× | ||
| Q3 25 | 1.08× | 1.17× | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.52× | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 1.06× | 2.64× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.38× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
