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布鲁克菲尔德资产管理（BAM）与STERLING INFRASTRUCTURE, INC.（STRL）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STERLING INFRASTRUCTURE, 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 11.6%，领先45.1%）
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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
BAM vs STRL — 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45.1%
11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $755.6M |
| 净利润 | $615.0M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | 84.2% | 15.9% |
| 净利率 | 56.7% | 11.6% |
| 营收同比 | — | 51.5% |
| 净利润同比 | — | -22.6% |
| 每股收益（稀释后） | — | $2.82 |
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BAMSTRL
| Q4 25 | $1.1B | $755.6M | ||
| Q3 25 | $974.0M | $689.0M | ||
| Q2 25 | $931.0M | $614.5M | ||
| Q1 25 | $954.0M | $430.9M | ||
| Q4 24 | — | $498.8M | ||
| Q3 24 | $873.0M | $593.7M | ||
| Q2 24 | $821.0M | $582.8M | ||
| Q1 24 | $786.0M | $440.4M |
净利润BAMSTRL
| Q4 25 | $615.0M | $87.6M | ||
| Q3 25 | $692.0M | $92.1M | ||
| Q2 25 | $584.0M | $71.0M | ||
| Q1 25 | $507.0M | $39.5M | ||
| Q4 24 | — | $113.2M | ||
| Q3 24 | $537.0M | $61.3M | ||
| Q2 24 | $124.0M | $51.9M | ||
| Q1 24 | $373.0M | $31.0M |
毛利率BAMSTRL
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率BAMSTRL
| Q4 25 | 84.2% | 15.9% | ||
| Q3 25 | 79.1% | 18.2% | ||
| Q2 25 | 70.8% | 17.0% | ||
| Q1 25 | 61.0% | 13.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 72.5% | 14.7% | ||
| Q2 24 | 80.4% | 12.5% | ||
| Q1 24 | 56.5% | 9.6% |
净利率BAMSTRL
| Q4 25 | 56.7% | 11.6% | ||
| Q3 25 | 71.0% | 13.4% | ||
| Q2 25 | 62.7% | 11.6% | ||
| Q1 25 | 53.1% | 9.2% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | 61.5% | 10.3% | ||
| Q2 24 | 15.1% | 8.9% | ||
| Q1 24 | 47.5% | 7.1% |
每股收益（稀释后）BAMSTRL
| Q4 25 | — | $2.82 | ||
| Q3 25 | — | $2.97 | ||
| Q2 25 | — | $2.31 | ||
| Q1 25 | — | $1.28 | ||
| Q4 24 | — | $3.63 | ||
| Q3 24 | — | $1.97 | ||
| Q2 24 | — | $1.67 | ||
| Q1 24 | — | $1.00 |
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 | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $1.1B |
| 总资产 | $17.0B | $2.6B |
| 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BAMSTRL
| Q4 25 | $1.6B | $390.7M | ||
| Q3 25 | $1.1B | $306.4M | ||
| Q2 25 | $480.0M | $699.4M | ||
| Q1 25 | $332.0M | $638.6M | ||
| Q4 24 | — | $664.2M | ||
| Q3 24 | — | $648.1M | ||
| Q2 24 | $10.0M | $540.0M | ||
| Q1 24 | — | $480.4M |
股东权益BAMSTRL
| Q4 25 | $8.9B | $1.1B | ||
| Q3 25 | $8.5B | $1.1B | ||
| Q2 25 | $8.5B | $881.7M | ||
| Q1 25 | $8.5B | $805.4M | ||
| Q4 24 | — | $808.1M | ||
| Q3 24 | $9.0B | $716.5M | ||
| Q2 24 | $3.2B | $670.7M | ||
| Q1 24 | $2.2B | $644.6M |
总资产BAMSTRL
| Q4 25 | $17.0B | $2.6B | ||
| Q3 25 | $16.5B | $2.6B | ||
| Q2 25 | $16.1B | $2.2B | ||
| Q1 25 | $15.0B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $4.2B | $2.0B | ||
| 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 | $186.1M |
| 自由现金流经营现金流 - 资本支出 | — | $159.7M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | 0.91× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $362.7M |
8季度趋势，按日历期对齐
经营现金流BAMSTRL
| Q4 25 | $562.0M | $186.1M | ||
| Q3 25 | $745.0M | $83.6M | ||
| Q2 25 | $529.0M | $85.4M | ||
| Q1 25 | $265.0M | $84.9M | ||
| Q4 24 | — | $174.3M | ||
| Q3 24 | $567.0M | $152.3M | ||
| Q2 24 | $159.0M | $121.0M | ||
| Q1 24 | $516.0M | $49.6M |
自由现金流BAMSTRL
| Q4 25 | — | $159.7M | ||
| Q3 25 | — | $64.0M | ||
| Q2 25 | — | $72.1M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $158.6M | ||
| Q3 24 | — | $138.3M | ||
| Q2 24 | — | $92.1M | ||
| Q1 24 | — | $27.2M |
自由现金流率BAMSTRL
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 15.8% | ||
| Q1 24 | — | 6.2% |
资本支出强度BAMSTRL
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 5.1% |
现金转化率BAMSTRL
| Q4 25 | 0.91× | 2.12× | ||
| Q3 25 | 1.08× | 0.91× | ||
| Q2 25 | 0.91× | 1.20× | ||
| Q1 25 | 0.52× | 2.15× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | 1.06× | 2.48× | ||
| Q2 24 | 1.28× | 2.33× | ||
| Q1 24 | 1.38× | 1.60× |
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% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
