BAMBrookfield Asset Management Ltd.

Investment Advice

Revenue: $3.9B; 17% YoY
Operating margin: —
EBITDA: —
Market cap: $19.1B
Employees: 150; $26M revenue each
Net debt / EBITDA: —; $2.6B net debt
AI in 10-K: 3.1; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
88% of net income
Cash flow under 80% of net income
Dilutive SBCNo
3% of revenue
Over 10% of revenue
Payouts exceed cash flowYes
149% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
98% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$26M · 98th pct
Bottom quartile of its SIC industry
Quiet on AINo
3.1 per 10K words · 71st pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedNo
$19.1B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
$0 net
Net sales over $10M in 12 months

Financials

Metric	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$3.1B	$3.4B	$3.9B	17%
Net income	$2.1B	$2.1B	$2.4B	14%
Operating cash flow	$1.4B	$1.6B	$2.1B	30%
Stock-based comp	$33M	$103M	$123M	19%
Buybacks	$319M	—	—
Dividends	$2.1B	$2.5B	$2.8B	14%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Apr 6, 2026	BROOKFIELD Corp /ON/	SCHEDULE 13D/A	72.8%	Passive
May 16, 2025	BROOKFIELD Corp /ON/	SCHEDULE 13D/A	72.9%	Passive
Feb 5, 2025	BROOKFIELD Corp /ON/	SCHEDULE 13D	72.9%	Passive
Feb 5, 2025	Partners Value Investments L.P.	SCHEDULE 13D/A	3.7%	Passive
Dec 20, 2022	Partners Value Investments LP	SC 13D	7.9%	Passive

Insider trading

No open-market trades in the last 12 months.

Pay vs performance

No pay-versus-performance disclosure yet.