Brookfield Asset Management Ltd.
BAM Financial Asset Management
Brookfield Asset Management Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 21.0% from fiscal 2024. In the quarter to June 2026, revenue grew 60.8%, EPS grew 47.4%, free cash flow grew 3.02% and total debt rose 224.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
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Brookfield Asset Management Ltd. (BAM) Piotroski F-score
Brookfield Asset Management Ltd.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (3.00) |
| FY2024 | 5 | (2.00) |
| FY2023 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 15.93% | 24.97% | Pass | 1 |
| Positive operating cash flow | 2.10b | 1.61b | Pass | 1 |
| Rising return on assets | 15.93% | 24.97% | Fail | 0 |
| Cash flow above net income | (384.00m) | (556.00m) | Fail | 0 |
| Falling long-term leverage | 0.03 | 0.03 | Fail | 0 |
| Rising current ratio | 0.92 | 1.36 | Fail | 0 |
| No new shares issued | 1,612,200,000 | 1,603,400,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.31 | 0.46 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| NTRS Northern Trust Corporation compare | 7 |
| STT State Street Corporation compare | 7 |
| AMP Ameriprise Financial, Inc. compare | 7 |
| BX Blackstone Inc. compare | 5 |
| ARES Ares Management Corporation compare | 5 |
| KKR KKR & Co. Inc. compare | 5 |
| APO Apollo Global Management Inc. compare | 5 |
| BLK BlackRock compare | 4 |
| BAM Brookfield Asset Management Ltd. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover