Brookfield Asset Management Ltd. (BAM) vs BlackRock (BLK)

Brookfield Asset Management Ltd. and BlackRock are both Asset Management companies. BlackRock is the larger, with a market value of $190.2B against $85.9B — 2.2× the size. BlackRock trades at the lower P/E: 26.3× against 30.3×. Brookfield Asset Management Ltd. grew revenue faster over the last twelve months: 31.9% against 24.7%. Brookfield Asset Management Ltd. has the higher net margin (48.9% vs 24.2%) and the higher return on invested capital (19.7% vs 0.00%). Both pay a dividend; Brookfield Asset Management Ltd. yields more (3.69% vs 1.91%). Across the 20 metrics below, Brookfield Asset Management Ltd. leads on 14 and BlackRock on 6.

Valuation

Metric BAM BLK Asset Management median
P/E 30.26 26.34 13.38
P/S 14.66 6.37 2.99
P/B 9.16 3.14 0.91
Price to free cash flow 38.52 51.71 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.30% 3.80% 4.67%
Free cash flow yield 2.60% 1.93% 4.85%

Profitability

Metric BAM BLK Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 61.57% 32.46% 27.27%
Net margin 48.89% 24.22% 11.89%
Free cash flow margin 40.81% 0.00% 5.96%
Return on equity 30.56% 0.00% 4.57%
Return on assets 15.49% 0.00% 1.40%
Return on invested capital 19.65% 0.00% 2.12%

Growth

Metric BAM BLK Asset Management median
Revenue growth (TTM) 31.85% 24.72% 7.26%
EPS growth (last fiscal year) 14.29% (15.95%) (5.64%)
Revenue growth, 5-year CAGR 16.19% 8.37% 11.84%
Net income growth, 5-year CAGR 43.87% 2.40% 0.00%

Health

Metric BAM BLK Asset Management median
Debt to equity 0.44 0.33 0.40
Current ratio 0.75 3.59 1.23
Net debt to EBITDA 0.32 1.13 1.06

Dividend

Metric BAM BLK Asset Management median
Dividend yield 3.69% 1.91% 6.43%
Payout ratio 1.13 0.51 0.91

Size

Metric BAM BLK Asset Management median
Market cap 85.94b 190.21b 692.54m

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