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Brookfield Asset Management vs TPG: BAM and TPG compared
Brookfield Asset Management is the larger company: $1.8B of revenue in its latest quarter (Q2 2026) against $1.2B for TPG (Q3 2026). Brookfield Asset Management is growing faster (+61% against -0.2% a year earlier). Brookfield Asset Management is more profitable, with an operating margin of 62.4% against 26.4%.
Where the money goes: BAM and TPG
Brookfield Asset Management (BAM) · Q2 2026
Brookfield Asset Management, Q2 2026: revenue $1.8B (+61% year over year), operating margin 62.4%, net earnings $1.2B, operating cash flow $545M. The chart follows the revenue to costs, profit and cash.
TPG (TPG) · Q3 2026
TPG, Q3 2026: revenue $1.2B (-0.2% year over year), operating margin 26.4%, net earnings $99.6M, operating cash flow $249M. The chart follows the revenue to costs, profit and cash.
| Brookfield Asset Management (BAM) | TPG (TPG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $1.8B | $1.2B |
| Revenue growth, Y/Y | +61% | -0.2% |
| Operating margin | 62.4% | 26.4% |
| Net earnings | $1.2B | $99.6M |
| Net margin | 66.9% | 8.2% |
| Operating cash flow | $545M | $249M |
| Free cash flow | $535M | — |
| Market value | $20.8B | $18.0B |
| P/E | 6.8× | 52.9× |
| Analysts’ mean target | $55.97 | $59.24 |
Where the revenue comes from
Brookfield Asset Management
- Other revenues: $706M (40%)
- Infrastructure: $357M (20%)
- Real estate: $236M (13%)
- Energy: $228M (13%)
TPG
- Management fees: $573M (47%)
- Other revenues: $508M (42%)
- Expense reimbursements and other: $67.6M (6%)
- Transaction fees: $51.7M (4%)
Questions
Which is bigger, Brookfield Asset Management or TPG?
Brookfield Asset Management is the larger company: $1.8B of revenue in its latest quarter (Q2 2026) against $1.2B for TPG (Q3 2026).
Is Brookfield Asset Management or TPG growing faster?
Brookfield Asset Management is growing faster (+61% against -0.2% a year earlier).
Which is more profitable, Brookfield Asset Management or TPG?
Brookfield Asset Management is more profitable, with an operating margin of 62.4% against 26.4%.
More: Brookfield Asset Management earnings · how Brookfield Asset Management makes money · TPG earnings · how TPG makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.