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Blackstone vs Brookfield Asset Management: BX and BAM compared
Blackstone is the larger company: $3.1B of revenue in its latest quarter (Q3 2026) against $2.1B for Brookfield Asset Management (Q3 2026). Brookfield Asset Management is growing faster (+72% against -0.8% a year earlier). Brookfield Asset Management is more profitable, with an operating margin of 57.4% against 46.9%.
Where the money goes: BX and BAM
Blackstone (BX) · Q3 2026
Blackstone, Q3 2026: revenue $3.1B (-0.8% year over year), operating margin 46.9%, net earnings $662M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
Brookfield Asset Management (BAM) · Q3 2026
Brookfield Asset Management, Q3 2026: revenue $2.1B (+72% year over year), operating margin 57.4%, net earnings $3.0B, operating cash flow $554M. The chart follows the revenue to costs, profit and cash.
| Blackstone (BX) | Brookfield Asset Management (BAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.1B | $2.1B |
| Revenue growth, Y/Y | -0.8% | +72% |
| Operating margin | 46.9% | 57.4% |
| Net earnings | $662M | $3.0B |
| Net margin | 21.6% | 139.6% |
| Operating cash flow | $2.0B | $554M |
| Free cash flow | $1.9B | $521M |
| Market value | $95.6B | $20.8B |
| P/E | 26.6× | 6.8× |
| Analysts’ mean target | $138.86 | $55.97 |
Where the revenue comes from
Brookfield Asset Management
- Other revenues: $866M (40%)
- Infrastructure(a): $371M (17%)
- Credit: $316M (15%)
- Real estate: $254M (12%)
Questions
Which is bigger, Blackstone or Brookfield Asset Management?
Blackstone is the larger company: $3.1B of revenue in its latest quarter (Q3 2026) against $2.1B for Brookfield Asset Management (Q3 2026).
Is Blackstone or Brookfield Asset Management growing faster?
Brookfield Asset Management is growing faster (+72% against -0.8% a year earlier).
Which is more profitable, Blackstone or Brookfield Asset Management?
Brookfield Asset Management is more profitable, with an operating margin of 57.4% against 46.9%.
More: Blackstone earnings · how Blackstone makes money · Brookfield Asset Management earnings · how Brookfield Asset Management makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.