Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.44	$0.44	0.0%	—	$1.2B	—
Q4 25	$0.44	$0.47	+6.8%	—	$1.2B	—
Q3 25	$0.4	$0.41	+2.5%	—	$1.1B	—
Q2 25	$0.39	$0.38	-2.6%	—	$1.2B	—
Q1 25	$0.41	$0.4	-2.4%	—	$1.1B	—
Q4 24	$0.39	$0.4	+2.6%	—	$120M	—
Q3 24	$0.35	$0.38	+8.6%	—	$170M	—
Q2 24	$0.35	$0.34	-2.9%	—	$48M	—
Q1 24	$0.34	$0.34	0.0%	—	$0	—
Q4 23	$0.34	$0.36	+5.9%	—	$160M	—
Q3 23	$0.32	$0.35	+9.4%	—	$893M	—
Q2 23	$0.32	$0.32	0.0%	—	$47M	—
Q1 23	$0.34	$0.34	0.0%	—	$0	—
Q4 22	$0.34	$0.35	+2.9%	—	-$794M	—
Q3 22	$0.74	$0.85	+14.9%	—	$831M	—
Q2 22	$0.57	$0.73	+28.1%	—	$924M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.54	—	—	$4.6B	—
FY24	—	$1.33	—	—	$482M	—
FY23	—	$1.15	—	—	$383M	—
FY22	—	$4.83	—	—	$0	—
FY21	—	$4.64	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.3B	$2.8B	$0	$383M	$482M	$4.6B
YoY change	—	+23.9%	-100%	+InfinityT%	+25.8%	+856%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.3B	2.8B	0	383M	482M	4.6B
Cost of revenue	519M	703M	-37M	326M	368M	1.4B
Gross profit	1.7B	2.1B	37M	57M	114M	3.2B
Gross margin	76.9%	74.8%	—	14.9%	23.7%	70.2%
Research & development	—	—	—	—	—	—
Selling, general & administrative	114M	132M	1M	—	—	56M
Operating expenses	368M	18M	36M	5M	7M	201M
Operating income	1.4B	2.1B	1M	52M	107M	3B
Operating margin	60.6%	74.1%	—	13.6%	22.2%	65.8%
Non-operating income, net	-188M	1.7B	21M	470M	570M	152M
Pretax income	799M	3.4B	19M	451M	541M	2.9B
Income tax	226M	504M	627M	—	—	527M
Net income	573M	2.8B	19M	451M	541M	2.4B
Net margin	25.5%	102.1%	—	117.8%	112.2%	52%
EBITDA	1.2B	3.7B	35M	522M	677M	3.2B
EPS	0.99	4.64	4.83	1.15	1.33	1.54
Diluted EPS	0.99	4.64	4.83	1.13	1.33	1.52

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	893M	160M	0	48M	170M	120M	1.1B	1.2B	1.1B	1.2B	1.2B	1.2B
Cost of revenue	307M	172M	8M	47M	146M	96M	259M	404M	379M	331M	355M	405M
Gross profit	586M	-12M	-8M	1M	24M	24M	820M	749M	761M	905M	887M	795M
Gross margin	65.6%	-7.5%	—	2.08%	14.1%	20%	76%	65%	66.8%	73.2%	71.4%	66.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	6M	18M	23M	9M	22M	25M
Operating expenses	—	—	—	1M	2M	2M	82M	163M	-2M	-42M	24M	-410M
Operating income	586M	-17M	-8M	0	22M	22M	738M	586M	763M	947M	863M	1.2B
Operating margin	65.6%	-10.6%	—	0%	12.9%	18.3%	68.4%	50.8%	66.9%	76.6%	69.5%	100.4%
Non-operating income, net	-21M	104M	110M	130M	138M	192M	3M	126M	13M	10M	91M	240M
Pretax income	562M	95M	102M	124M	129M	186M	582M	659M	770M	914M	696M	1.3B
Income tax	52M	—	—	142M	96M	—	75M	75M	78M	299M	110M	162M
Net income	510M	95M	102M	124M	129M	186M	507M	584M	692M	615M	586M	1.2B
Net margin	57.1%	59.4%	—	258.3%	75.9%	155%	47%	50.7%	60.7%	49.8%	47.2%	97.7%
EBITDA	568M	87M	-8M	132M	164M	214M	744M	724M	838M	976M	967M	1.5B
EPS	0.3	0.23	0.26	0.3	0.31	0.42	0.36	0.38	0.45	0.35	0.38	0.56
Diluted EPS	0.3	0.23	0.25	0.3	0.3	0.42	0.36	0.38	0.44	0.34	0.38	0.56

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	11.4B	15.7B	22.8B	—	71.1B
Enterprise value	—	—	—	—	11.4B	16B	23B	—	78.2B
Shares outstanding	—	—	402.7M	402.7M	396.2M	391.7M	420.2M	1.6B	1.6B

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	597.8	34.9	42.1	—	25.3
P/S	—	—	—	—	—	41.1	47.2	—	12.3
P/B	—	—	—	—	4.78	7.55	6.95	—	9.36
EV/EBITDA	—	—	—	—	324.6	30.6	33.9	—	20.4
EV/Sales	—	—	—	—	—	41.7	47.7	—	13.6
Earnings yield	—	—	—	—	0.17%	2.87%	2.38%	—	3.95%
FCF yield	—	—	—	—	-3.41%	3.23%	2.75%	—	3.76%
PEG	—	—	—	—	—	—	—	—	0.53

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	—	—	76.9%	74.8%	—	14.9%	23.7%	70.2%	66.3%
Operating margin	—	—	60.6%	74.1%	—	13.6%	22.2%	65.8%	68.7%
Net margin	—	—	25.5%	102.1%	—	117.8%	112.2%	52%	48.9%
ROE	—	—	2%	19.8%	0.8%	21.6%	16.5%	23.3%	26.8%
ROA	—	—	0.17%	11.1%	0.6%	14.1%	12.3%	14.1%	13%
ROIC	—	—	0.6%	14.2%	0%	—	—	20.1%	20%
Return on tangible assets	—	—	0.22%	11.4%	0.75%	14.1%	12.3%	14.9%	16%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	—	0.85	0.96	1	0.8	0.88	3.45	1.27
Quick ratio	—	—	0.72	0.96	1	0.8	0.88	3.45	2.64
Debt / equity	—	—	5.17	0.03	0	0.12	0.07	0.35	0.34
Debt / assets	—	—	0.43	0.02	0	0.08	0.05	0.21	0.26
Net debt / EBITDA	—	—	112.4	-0.54	0.06	0.47	0.31	0.63	0.89
Interest coverage	—	—	3.12	9.77	7.33	7.35	4.98	11.8	8.85
Effective tax rate	—	—	28.3%	15%	100%	—	—	18%	17.5%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	—	—	5.59	6.92	0	0.98	1.15	2.86	3.57
EPS (basic)	—	—	0.99	4.64	4.83	1.15	1.33	1.54	1.54
EPS (diluted)	—	—	0.99	4.64	4.83	1.13	1.33	1.52	1.74
Book value per share	—	—	71.3	35.8	6	5.32	7.8	6.39	4.7
FCF per share	—	—	4.39	3.5	-0.98	1.3	1.49	1.3	1.45
Cash per share	—	—	38.3	6.19	0	0.02	0.03	0.98	0.94
Capex per share	—	—	0.05	0.09	0.03	—	—	—	—

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0.89%	1.26%	—	—	—	—	—
Capex / operating cash flow	—	—	1.18%	2.36%	-3.28%	—	—	—	—
Payout ratio	—	—	220.6%	49%	16.8K%	112%	116.5%	117.5%	108%
Dividend yield	—	—	—	—	28%	3.21%	2.77%	—	4.51%

Yield

4.51%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.502

ex-dividend Aug 31, 2026

Payout ratio

108%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.502
May 29, 2026	$0.502
Feb 27, 2026	$0.502
Nov 28, 2025	$0.438
Aug 29, 2025	$0.438
May 30, 2025	$0.438
Feb 28, 2025	$0.4375
Nov 29, 2024	$0.38

Split history

Date	Ratio
Apr 2, 2020	3:2

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	11.8B	10.4B	15.4B	2.5B	1M	9M	12M	1.6B
Receivables	11.9B	13.9B	14.2B	26M	245M	—	—	106M
Inventory	4.6B	7.1B	6.3B	—	—	—	—	—
Total current assets	30.4B	34.8B	41.9B	10.1B	783M	895M	980M	6.9B
Property, plant & equipment	-10B	-13.1B	-16.4B	—	—	—	—	92M
Goodwill & intangibles	55.2B	84.5B	78.7B	626M	616M	—	—	940M
Total assets	256.3B	324B	343.7B	25.6B	3.2B	3.2B	4.4B	17B
Accounts payable	14.3B	23.2B	25.9B	561M	781M	859M	879M	599M
Short-term debt	11.2B	15.7B	21.3B	461M	3M	256M	219M	462M
Total current liabilities	26.3B	40.6B	49.5B	10.5B	784M	1.1B	1.1B	2B
Long-term debt	107.1B	127.7B	127.1B	—	—	—	—	3.2B
Total liabilities	144.7B	190B	202.9B	11.2B	784M	1.1B	1.1B	6.7B
Shareholders' equity	24.7B	29.6B	28.7B	14.4B	2.4B	2.1B	3.3B	10.3B
Total debt	118.2B	143.4B	148.4B	461M	3M	256M	219M	3.6B
Net debt	109.8B	136.6B	138.5B	-2B	2M	247M	207M	2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	12M	9M	9M	10M	16M	12M	332M	480M	1.1B	1.6B	1.1B	1.5B
Receivables	—	—	—	—	—	—	507M	389M	373M	106M	440M	339M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	835M	895M	814M	779M	939M	980M	5.8B	6B	6.5B	6.9B	6.4B	7.5B
Property, plant & equipment	—	—	—	—	—	—	—	—	—	92M	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	940M	930M	916M
Total assets	3.2B	3.2B	3.2B	4.2B	4.3B	4.4B	15B	16.1B	16.5B	17B	17.9B	20.1B
Accounts payable	761M	859M	710M	709M	858M	879M	2.1B	2.4B	2.5B	599M	2.1B	2.2B
Short-term debt	189M	256M	—	—	210M	219M	404M	507M	453M	462M	—	589M
Total current liabilities	1B	1.1B	978M	925M	1.1B	1.1B	3.4B	3.9B	3B	2B	2.2B	2.8B
Long-term debt	—	—	—	—	—	—	235M	743M	2.4B	3.2B	3.8B	4.7B
Total liabilities	1B	1.1B	978M	925M	1.1B	1.1B	4.1B	5.1B	5.8B	6.7B	6.7B	8.2B
Shareholders' equity	2.2B	2.1B	2.2B	3.3B	3.2B	3.3B	10.9B	11B	10.7B	10.3B	11.2B	11.9B
Total debt	189M	256M	—	—	210M	219M	639M	1.3B	2.8B	3.6B	3.8B	5.3B
Net debt	177M	247M	—	—	194M	207M	307M	770M	1.7B	2B	2.7B	3.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY20	FY21	FY22	FY23	FY24	FY25
Net income	573M	2.8B	2.9B	451M	541M	2.4B
Depreciation & amortization	7M	11M	13M	—	—	40M
Stock-based compensation	99M	199M	-48M	6M	3M	352M
Change in working capital	102M	-246M	-3B	—	-3M	5M
Operating cash flow	1.7B	1.5B	-396M	457M	543M	2.1B
Capital expenditure	-20M	-35M	-13M	—	—	—
Investing cash flow	-759M	-861M	1.7B	-41M	-41M	-339M
Dividends paid	-1.3B	-1.4B	-3.2B	-505M	-630M	-2.8B
Share repurchases	—	—	—	-319M	-10M	-412M
Financing cash flow	-576M	-187M	-280M	-563M	-583M	-590M
Net change in cash	364M	432M	1B	-147M	-81M	1.2B
Free cash flow	1.8B	1.4B	-387M	508M	627M	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	109M	510M	-1.2B	124M	537M	-887M	507M	584M	692M	615M	586M	1.2B
Depreciation & amortization	3M	3M	—	—	4M	—	3M	11M	16M	10M	13M	13M
Stock-based compensation	1M	9M	-17M	0	42M	-78M	35M	27M	32M	258M	37M	42M
Change in working capital	-42M	147M	—	—	-121M	215M	-384M	183M	204M	-5M	-126M	-168M
Operating cash flow	103M	604M	-1.2B	124M	540M	-921M	299M	529M	745M	706M	339M	545M
Capital expenditure	-3M	-3M	—	—	—	—	—	—	—	—	—	—
Investing cash flow	8M	36M	—	-1M	-1.3B	-82M	84M	-490M	-8M	-76M	160M	-308M
Dividends paid	-127M	-524M	1.1B	-161M	-620M	1.2B	-707M	-702M	-706M	-703M	-809M	-802M
Share repurchases	-36M	0	-319M	0	—	—	-116M	0	-69M	-227M	-376M	-200M
Financing cash flow	-139M	-608M	1B	-157M	-628M	1.3B	-422M	108M	-161M	-108M	-983M	173M
Net change in cash	-28M	32M	-141M	-34M	-1.4B	277M	-39M	147M	576M	522M	-484M	410M
Free cash flow	134M	596M	-573M	159M	567M	-849M	265M	529M	745M	706M	339M	545M

Brookfield Asset Management Ltd. Class A Limited Voting Shares Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement