Brookfield Asset Management Ltd. (BAM) Financials

BAM

Trailing 12 months to June 30, 2026

Revenue $5.7B +31.9% YoY

Net Income $3.1B +32.8% YoY

EPS (Diluted) Not reported for the trailing 12 months

Operating Cash Flow $2.3B +73.4% YoY

Market Cap $71.1B as of Oct 8, 2026

Price / Sales 12.4x on $5.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 23.2x on $3.1B net income, trailing 12 months to June 30, 2026

Price / Book 7.7x on $9.2B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BAM SEC filings page.

Brookfield Asset Management Ltd. (BAM) reported $5.7B in revenue over the twelve months to Jun 30, 2026, up 31.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BAM FY2025 2026-10-03

Brookfield’s reported earnings convert into cash, but its expanding balance sheet is being financed with materially more liabilities.

From FY2024 to FY2025, operating cash flow increased 30.3% while net profit margin slipped. That pairing—cash rising as the accounting margin narrowed from 53.0% to 49.8%—shows cash conversion improved without margin expansion, suggesting the stronger cash result came from factors beyond simply retaining more revenue as profit.

Total assets rose from $14.2B to $17.0B in FY2025, giving the business a substantially larger balance-sheet base. Debt-to-equity moved from 0.3x to 0.8x, making financing structure more consequential as the platform expanded.

FY2025 operating cash flow was $2.1B, below dividends of $2.8B; distributions exceeded cash produced by operations. Buybacks added $412M, and financing cash flow was -$590M, separating strong reported profit from the cash retained after shareholder returns.

Financial Health Signals

Financial health score not available

Brookfield Asset Management Ltd. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

Brookfield Asset Management Ltd. passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.88x

For every $1 of reported earnings, Brookfield Asset Management Ltd. generates $0.88 in operating cash flow ($2.1B OCF vs $2.4B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.8B

YoY+60.8%

QoQ+31.0%

Brookfield Asset Management Ltd. generated $1.8B in revenue in Q2 2026. This represents an increase of 60.8% from the same quarter a year earlier. Against the prior quarter it is up 31.0%.

Net Income

$1.2B

YoY+100.7%

QoQ+100.0%

Brookfield Asset Management Ltd. reported $1.2B in net income in Q2 2026. This represents an increase of 100.7% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$1.5B

YoY+213.1%

QoQ+43.8%

Brookfield Asset Management Ltd. held $1.5B in cash against $4.1B in long-term debt as of Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Net Margin

66.9%

YoY+13.3pp

QoQ+23.1pp

Brookfield Asset Management Ltd.'s net profit margin was 66.9% in Q2 2026, showing the share of revenue converted to profit. This is up 13.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.1 percentage points.

Return on Equity

12.8%

YoY+5.9pp

QoQ+5.9pp

Brookfield Asset Management Ltd.'s ROE was 12.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.9 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$200.0M

QoQ-46.8%

Brookfield Asset Management Ltd. spent $200.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 46.8%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

BAM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BAM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K
Revenue	$5.7B	$4.8B+21.0%	$4.0B-2.0%	$4.1B
SG&A Expenses	$79.0M	$56.0M-12.5%	$64.0M+14.3%	$56.0M
Interest Expense	$143.0M	$87.0M+295.5%	$22.0M+144.4%	$9.0M
Income Tax	$649.0M	$527.0M+20.3%	$438.0M+5.0%	$417.0M
Net Income	$3.1B	$2.4B+13.8%	$2.1B-1.4%	$2.1B
EPS (Basic)	N/A	N/A	N/A	$1.15
EPS (Diluted)	—	N/A	N/A	$1.13
Diluted Shares (Avg)	N/A	N/A	N/A	397M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.8B+60.8%	$1.3B+23.8%	$1.4B+31.1%	$1.3B+12.1%	$1.1B+19.0%	$1.1B+22.3%	$1.1B	$1.1B
SG&A Expenses	$25.0M+38.9%	$22.0M+266.7%	$9.0M-59.1%	$23.0M+15.0%	$18.0M+38.5%	$6.0M-33.3%	$22.0M	$20.0M
Interest Expense	$53.0M+71.0%	$37.0M+1133.3%	$33.0M+371.4%	$20.0M+150.0%	$31.0M+933.3%	$3.0M-25.0%	$7.0M	$8.0M
Income Tax	$162.0M+116.0%	$110.0M+46.7%	$299.0M+131.8%	$78.0M-18.8%	$75.0M-47.2%	$75.0M+5.6%	$129.0M	$96.0M
Net Income	$1.2B+100.7%	$586.0M+15.6%	$615.0M-9.6%	$692.0M+28.9%	$584.0M+12.7%	$507.0M+35.9%	$680.0M	$537.0M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

BAM Balance Sheet

BAM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K
Total Assets	$17.0B+20.4%	$14.2B+341.7%	$3.2B
Cash & Equivalents	$1.6B+291.8%	$404.0M+4388.9%	$9.0M
Short-Term Investments	$0	$0	$0
Accounts Receivable	$106.0M-52.9%	$225.0M	N/A
Long-Term Investments	$0	$0	$0
Goodwill	$236.0M-6.0%	$251.0M	N/A
Total Liabilities	$6.7B+127.1%	$3.0B+164.8%	$1.1B
Total Equity	$8.9B+1.8%	$8.8B+321.6%	$2.1B
Retained Earnings	-$851.0M-74.4%	-$488.0M-1294.3%	-$35.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$20.1B+24.4%	$17.9B+19.9%	$17.0B+20.4%	$16.5B	$16.1B+285.7%	$15.0B	$14.2B+341.7%	N/A
Cash & Equivalents	$1.5B+213.1%	$1.0B+214.8%	$1.6B+291.8%	$1.1B+17.6%	$480.0M+4700.0%	$332.0M-87.2%	$404.0M+4388.9%	$903.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	$106.0M-52.9%	N/A	N/A	N/A	$225.0M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$236.0M	$236.0M	$236.0M-6.0%	N/A	N/A	N/A	$251.0M	N/A
Total Liabilities	$8.2B+60.6%	$6.7B+64.5%	$6.7B+127.1%	$5.8B	$5.1B+452.8%	$4.1B	$3.0B+164.8%	N/A
Long-Term Debt	$4.1B	$3.0B	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.2B+8.5%	$8.6B+1.1%	$8.9B+1.8%	$8.5B-6.0%	$8.5B+162.3%	$8.5B-5.8%	$8.8B+321.6%	$9.0B
Retained Earnings	-$950.0M-32.9%	-$1.0B-69.7%	-$851.0M-74.4%	-$704.0M	-$715.0M-500.8%	-$617.0M	-$488.0M-1294.3%	N/A

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-Current Liabilities.

BAM Cash Flow Statement

BAM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K
Operating Cash Flow	$2.3B	$2.1B+30.3%	$1.6B+12.0%	$1.4B
Depreciation & Amortization	N/A	$40.0M+185.7%	$14.0M0.0%	$14.0M
Stock-Based Compensation	N/A	$123.0M+19.4%	$103.0M+212.1%	$33.0M
Investing Cash Flow	-$232.0M	-$339.0M+80.6%	-$1.7B-267.2%	-$475.0M
Financing Cash Flow	-$1.1B	-$590.0M+72.2%	-$2.1B-15.0%	-$1.8B
Dividends Paid	$3.0B	$2.8B+13.7%	$2.5B+17.9%	$2.1B
Share Buybacks	$872.0M	$412.0M	$0-100.0%	$319.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$545.0M+3.0%	$338.0M+196.5%	$706.0M+419.1%	$745.0M+31.4%	$529.0M+34.6%	$114.0M-77.9%	$136.0M	$567.0M
Depreciation & Amortization	$13.0M+18.2%	$13.0M+333.3%	$10.0M+233.3%	$16.0M+300.0%	$11.0M+266.7%	$3.0M-25.0%	$3.0M	$4.0M
Stock-Based Compensation	$42.0M+55.6%	$37.0M+5.7%	N/A	$32.0M-23.8%	$27.0M+42.1%	$35.0M+75.0%	N/A	$42.0M
Investing Cash Flow	-$308.0M+37.1%	$160.0M-31.9%	-$76.0M-305.4%	-$8.0M+99.4%	-$490.0M-8.4%	$235.0M+4016.7%	$37.0M	-$1.3B
Financing Cash Flow	$173.0M+60.2%	-$983.0M-132.9%	-$108.0M+83.6%	-$161.0M+41.9%	$108.0M+117.9%	-$422.0M+27.2%	-$659.0M	-$277.0M
Dividends Paid	$802.0M+14.2%	$809.0M+14.4%	$703.0M+13.6%	$706.0M+13.9%	$702.0M+13.4%	$707.0M+14.0%	$619.0M	$620.0M
Share Buybacks	$200.0M	$376.0M+224.1%	$227.0M	$69.0M	$0	$116.0M	$0	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

BAM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BAM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K
Net Margin	49.8%-3.2pp	53.0%+0.3pp	52.6%
Return on Equity	26.9%+2.8pp	24.1%-78.9pp	102.9%
Return on Assets	14.1%-0.8pp	14.9%-51.8pp	66.7%
Debt-to-Equity	0.76+0.4x	0.34-0.2x	0.54
Asset Turnover	0.280.0x	0.28-1.0x	1.27

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	66.9%+13.3pp	43.8%-3.1pp	44.1%-19.9pp	55.3%+7.2pp	53.6%-3.0pp	46.9%+4.7pp	64.0%	48.1%
Return on Equity	12.8%+5.9pp	6.8%+0.9pp	6.9%-0.9pp	8.2%+2.2pp	6.9%-9.1pp	6.0%+1.8pp	7.8%	6.0%
Return on Assets	5.8%+2.2pp	3.3%-0.1pp	3.6%-1.2pp	4.2%	3.6%-8.8pp	3.4%	4.8%	N/A
Debt-to-Equity	0.44-0.2x	0.34-0.1x	0.76+0.4x	0.69	0.60+0.3x	0.48	0.34-0.2x	N/A
Asset Turnover	0.090.0x	0.070.0x	0.080.0x	0.08	0.07-0.2x	0.07	0.08	N/A

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Brookfield Asset Management Ltd. BAM	FY2025	$4.8B	$2.4B	49.8%	$71.1B	—
Brookfield Corporation BN	FY2025	$75.1B	$3.2B	4.3%	$82.6B	18/100
Apollo Global Management, Inc. APO	FY2025	$32.0B	$3.4B	10.6%	$68.2B	14/100
KKR & Co. Inc. KKR	FY2025	$19.5B	$2.4B	12.2%	$80.5B	14/100
Ares Management Corporation ARES	FY2025	$4.8B	$426.1M	9.0%	$26.3B	16/100
Blackrock, Inc. BLK	FY2025	$24.2B	$5.6B	22.9%	$165.7B	56/100

Where Brookfield Asset Management Ltd. Ranks

Frequently Asked Questions

What is Brookfield Asset Management Ltd.'s annual revenue?

Brookfield Asset Management Ltd. (BAM) reported $4.8B in total revenue for fiscal year 2025. This represents a 21.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Brookfield Asset Management Ltd.'s revenue growing?

Brookfield Asset Management Ltd. (BAM) revenue grew by 21.0% year-over-year, from $4.0B to $4.8B in fiscal year 2025.

Is Brookfield Asset Management Ltd. profitable?

Yes, Brookfield Asset Management Ltd. (BAM) reported a net income of $2.4B in fiscal year 2025, with a net profit margin of 49.8%.

What is Brookfield Asset Management Ltd.'s net profit margin?

Brookfield Asset Management Ltd. (BAM) had a net profit margin of 49.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Brookfield Asset Management Ltd.'s return on equity (ROE)?

Brookfield Asset Management Ltd. (BAM) has a return on equity of 26.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Brookfield Asset Management Ltd.'s operating cash flow?

Brookfield Asset Management Ltd. (BAM) generated $2.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Brookfield Asset Management Ltd.'s total assets?

Brookfield Asset Management Ltd. (BAM) had $17.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Brookfield Asset Management Ltd. buy back shares?

Yes, Brookfield Asset Management Ltd. (BAM) spent $412.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Brookfield Asset Management Ltd.'s debt-to-equity ratio?

Brookfield Asset Management Ltd. (BAM) had a debt-to-equity ratio of 0.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Brookfield Asset Management Ltd.'s return on assets (ROA)?

Brookfield Asset Management Ltd. (BAM) had a return on assets of 14.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Brookfield Asset Management Ltd.'s P/E ratio?

Brookfield Asset Management Ltd. (BAM) trades at 23.2x earnings, its market capitalization divided by net income of $3.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $71.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Brookfield Asset Management Ltd.'s price-to-sales ratio?

Brookfield Asset Management Ltd. (BAM) trades at 12.4x sales, its market capitalization divided by revenue of $5.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $71.1B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Brookfield Asset Management Ltd.'s Piotroski F-Score?

Brookfield Asset Management Ltd. (BAM) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Brookfield Asset Management Ltd.'s earnings high quality?

Brookfield Asset Management Ltd. (BAM) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.