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布鲁克菲尔德资产管理（BAM）与TUTOR PERINI CORP（TPC）财务数据对比。点击上方公司名可切换其他公司
TUTOR PERINI CORP的季度营收约是布鲁克菲尔德资产管理的1.1倍（$1.5B vs $1.3B），布鲁克菲尔德资产管理净利率更高（43.8% vs 1.9%，领先41.9%），TUTOR PERINI CORP同比增速更快（41.2% vs 23.8%），过去两年布鲁克菲尔德资产管理的营收复合增速更高（30.5% vs 19.9%）
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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
BAM vs TPC — 直观对比
营收规模更大
TPC
是对方的1.1倍
$1.3B
营收增速更快
TPC
高出17.4%
23.8%
净利率更高
BAM
高出41.9%
1.9%
两年增速更快
BAM
近两年复合增速
19.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $586.0M | $28.8M |
| 毛利率 | — | 9.8% |
| 营业利润率 | — | 3.3% |
| 净利率 | 43.8% | 1.9% |
| 营收同比 | 23.8% | 41.2% |
| 净利润同比 | 15.6% | 136.3% |
| 每股收益（稀释后） | $0.38 | $0.53 |
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BAMTPC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $974.0M | $1.4B | ||
| Q2 25 | $931.0M | $1.4B | ||
| Q1 25 | $954.0M | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $873.0M | $1.1B | ||
| Q2 24 | $821.0M | $1.1B |
净利润BAMTPC
| Q1 26 | $586.0M | — | ||
| Q4 25 | $615.0M | $28.8M | ||
| Q3 25 | $692.0M | $3.6M | ||
| Q2 25 | $584.0M | $20.0M | ||
| Q1 25 | $507.0M | $28.0M | ||
| Q4 24 | — | $-79.4M | ||
| Q3 24 | $537.0M | $-100.9M | ||
| Q2 24 | $124.0M | $812.0K |
毛利率BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | -2.4% | ||
| Q2 24 | — | 10.4% |
营业利润率BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | 84.2% | 3.3% | ||
| Q3 25 | 79.1% | 2.8% | ||
| Q2 25 | 70.8% | 5.6% | ||
| Q1 25 | 61.0% | 5.2% | ||
| Q4 24 | — | -8.1% | ||
| Q3 24 | 72.5% | -9.9% | ||
| Q2 24 | 80.4% | 3.6% |
净利率BAMTPC
| Q1 26 | 43.8% | — | ||
| Q4 25 | 56.7% | 1.9% | ||
| Q3 25 | 71.0% | 0.3% | ||
| Q2 25 | 62.7% | 1.5% | ||
| Q1 25 | 53.1% | 2.2% | ||
| Q4 24 | — | -7.4% | ||
| Q3 24 | 61.5% | -9.3% | ||
| Q2 24 | 15.1% | 0.1% |
每股收益（稀释后）BAMTPC
| Q1 26 | $0.38 | — | ||
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.38 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | — | $-1.53 | ||
| Q3 24 | — | $-1.92 | ||
| Q2 24 | — | $0.02 |
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 | $1.0M | $734.6M |
| 总债务越低越好 | — | $407.4M |
| 股东权益账面价值 | $8.6M | $1.2B |
| 总资产 | $17.9M | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BAMTPC
| Q1 26 | $1.0M | — | ||
| Q4 25 | $1.6B | $734.6M | ||
| Q3 25 | $1.1B | $695.7M | ||
| Q2 25 | $480.0M | $526.1M | ||
| Q1 25 | $332.0M | $276.5M | ||
| Q4 24 | — | $455.1M | ||
| Q3 24 | — | $287.4M | ||
| Q2 24 | $10.0M | $267.1M |
总债务BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | $407.4M | ||
| Q3 25 | — | $413.1M | ||
| Q2 25 | — | $419.4M | ||
| Q1 25 | — | $405.6M | ||
| Q4 24 | — | $534.1M | ||
| Q3 24 | — | $681.4M | ||
| Q2 24 | — | $676.4M |
股东权益BAMTPC
| Q1 26 | $8.6M | — | ||
| Q4 25 | $8.9B | $1.2B | ||
| Q3 25 | $8.5B | $1.2B | ||
| Q2 25 | $8.5B | $1.2B | ||
| Q1 25 | $8.5B | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $9.0B | $1.2B | ||
| Q2 24 | $3.2B | $1.3B |
总资产BAMTPC
| Q1 26 | $17.9M | — | ||
| Q4 25 | $17.0B | $5.2B | ||
| Q3 25 | $16.5B | $5.2B | ||
| Q2 25 | $16.1B | $4.9B | ||
| Q1 25 | $15.0B | $4.5B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | $4.2B | $4.3B |
负债/权益比BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.52× |
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 | — | $173.7M |
| 自由现金流经营现金流 - 资本支出 | — | $98.7M |
| 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 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 6.02× |
| 过去12个月自由现金流最近4个季度 | — | $567.2M |
8季度趋势，按日历期对齐
经营现金流BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | $562.0M | $173.7M | ||
| Q3 25 | $745.0M | $289.1M | ||
| Q2 25 | $529.0M | $262.4M | ||
| Q1 25 | $265.0M | $22.9M | ||
| Q4 24 | — | $329.6M | ||
| Q3 24 | $567.0M | $22.6M | ||
| Q2 24 | $159.0M | $53.1M |
自由现金流BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $240.2M | ||
| Q2 25 | — | $235.6M | ||
| Q1 25 | — | $-7.2M | ||
| Q4 24 | — | $320.4M | ||
| Q3 24 | — | $15.6M | ||
| Q2 24 | — | $42.2M |
自由现金流率BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.7% |
资本支出强度BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% |
现金转化率BAMTPC
| Q1 26 | — | — | ||
| Q4 25 | 0.91× | 6.02× | ||
| Q3 25 | 1.08× | 79.63× | ||
| Q2 25 | 0.91× | 13.14× | ||
| Q1 25 | 0.52× | 0.82× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.06× | — | ||
| Q2 24 | 1.28× | 65.44× |
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
| Management and incentive fee revenues | $990.0M | 74% |
| Other revenues | $236.0M | 18% |
| Other | $112.0M | 8% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
