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布鲁克菲尔德资产管理（BAM）与Zscaler, Inc.（ZS）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Zscaler, Inc.的1.4倍（$1.1B vs $788.1M），布鲁克菲尔德资产管理净利率更高（56.7% vs -1.5%，领先58.2%）
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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
BAM vs ZS — 直观对比
营收规模更大
BAM
是对方的1.4倍
$788.1M
净利率更高
BAM
高出58.2%
-1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $788.1M |
| 净利润 | $615.0M | $-11.6M |
| 毛利率 | — | 76.6% |
| 营业利润率 | 84.2% | -4.6% |
| 净利率 | 56.7% | -1.5% |
| 营收同比 | — | 25.5% |
| 净利润同比 | — | 3.6% |
| 每股收益（稀释后） | — | $-0.07 |
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BAMZS
| Q4 25 | $1.1B | $788.1M | ||
| Q3 25 | $974.0M | $719.2M | ||
| Q2 25 | $931.0M | $678.0M | ||
| Q1 25 | $954.0M | $647.9M | ||
| Q4 24 | — | $628.0M | ||
| Q3 24 | $873.0M | $592.9M | ||
| Q2 24 | $821.0M | $553.2M | ||
| Q1 24 | $786.0M | $525.0M |
净利润BAMZS
| Q4 25 | $615.0M | $-11.6M | ||
| Q3 25 | $692.0M | $-17.6M | ||
| Q2 25 | $584.0M | $-4.1M | ||
| Q1 25 | $507.0M | $-7.7M | ||
| Q4 24 | — | $-12.1M | ||
| Q3 24 | $537.0M | $-14.9M | ||
| Q2 24 | $124.0M | $19.1M | ||
| Q1 24 | $373.0M | $-28.5M |
毛利率BAMZS
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.5% | ||
| Q3 24 | — | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 77.7% |
营业利润率BAMZS
| Q4 25 | 84.2% | -4.6% | ||
| Q3 25 | 79.1% | -4.5% | ||
| Q2 25 | 70.8% | -3.7% | ||
| Q1 25 | 61.0% | -6.2% | ||
| Q4 24 | — | -4.9% | ||
| Q3 24 | 72.5% | -4.5% | ||
| Q2 24 | 80.4% | -0.5% | ||
| Q1 24 | 56.5% | -8.7% |
净利率BAMZS
| Q4 25 | 56.7% | -1.5% | ||
| Q3 25 | 71.0% | -2.4% | ||
| Q2 25 | 62.7% | -0.6% | ||
| Q1 25 | 53.1% | -1.2% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | 61.5% | -2.5% | ||
| Q2 24 | 15.1% | 3.5% | ||
| Q1 24 | 47.5% | -5.4% |
每股收益（稀释后）BAMZS
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $-0.19 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.9B | $2.0B |
| 总资产 | $17.0B | $6.5B |
| 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BAMZS
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $480.0M | $2.0B | ||
| Q1 25 | $332.0M | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $10.0M | $1.3B | ||
| Q1 24 | — | $1.4B |
总债务BAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
股东权益BAMZS
| Q4 25 | $8.9B | $2.0B | ||
| Q3 25 | $8.5B | $1.8B | ||
| Q2 25 | $8.5B | $1.8B | ||
| Q1 25 | $8.5B | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $3.2B | $1.1B | ||
| Q1 24 | $2.2B | $958.9M |
总资产BAMZS
| Q4 25 | $17.0B | $6.5B | ||
| Q3 25 | $16.5B | $6.4B | ||
| Q2 25 | $16.1B | $5.3B | ||
| Q1 25 | $15.0B | $5.0B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | $4.2B | $4.2B | ||
| Q1 24 | — | $3.9B |
负债/权益比BAMZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 1.19× |
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 | $448.3M |
| 自由现金流经营现金流 - 资本支出 | — | $431.0M |
| 自由现金流率自由现金流/营收 | — | 54.7% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 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 | — | $924.9M |
8季度趋势，按日历期对齐
经营现金流BAMZS
| Q4 25 | $562.0M | $448.3M | ||
| Q3 25 | $745.0M | $250.6M | ||
| Q2 25 | $529.0M | $211.1M | ||
| Q1 25 | $265.0M | $179.4M | ||
| Q4 24 | — | $331.3M | ||
| Q3 24 | $567.0M | $203.6M | ||
| Q2 24 | $159.0M | $173.4M | ||
| Q1 24 | $516.0M | $142.1M |
自由现金流BAMZS
| Q4 25 | — | $431.0M | ||
| Q3 25 | — | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | — | $314.3M | ||
| Q3 24 | — | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | — | $111.2M |
自由现金流率BAMZS
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | — | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 21.2% |
资本支出强度BAMZS
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 5.9% |
现金转化率BAMZS
| 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× | 9.07× | ||
| 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% |
ZS
暂无分部数据
