AMP vs BAM: Ameriprise Financial and Brookfield Asset Management compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Brookfield Asset Management is the larger company, worth $73.4B, about 1.6 times Ameriprise Financial.
- Brookfield Asset Management grew revenue faster over the last year (+12.5% vs +11.7%).
- Brookfield Asset Management keeps more of each dollar of revenue as operating profit (42.0% vs 27.2%).
- On earnings, Ameriprise Financial is the cheaper stock (12.5x vs 29.5x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AMP | BAM |
|---|---|---|
| Market cap | $45.1B | $73.4B |
| Share price | $500.51 | $45.88 |
| Revenue (last fiscal year) | $18.9B | $3.9B |
| Free cash flow (last fiscal year) | $8.2B | — |
| Revenue growth, last year | +11.7% | +12.5% |
| Revenue growth per year, last 5 fiscal years | +9.0% | +12.0% |
| Operating margin | 27.2% | 42.0% |
| Net margin | 19.9% | 74.8% |
| Return on equity | 62.0% | 33.4% |
| P/E (trailing) | 12.5x | 29.5x |
| Price / free cash flow | 15.6x | 34.9x |
| EV / EBITDA | 8.41x | 21.3x |
| FCF growth the price implies | -12.5% | — |
| Dividend yield | 1.3% | 3.8% |
| Debt / equity | 30.1x | 0.89x |
| Fundamental grade | C | B |
| Superinvestors holding it | 7 | 7 |
| Insider purchases, last 12 months | 6 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Ameriprise Financial
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $13.4B | $3.2B | 31.3% |
| 2022 | $14.3B | $4.2B | 28.0% |
| 2023 | $16.1B | $4.5B | 23.6% |
| 2024 | $17.9B | $6.4B | 27.5% |
| 2025 | $18.9B | $8.2B | 26.1% |
Brookfield Asset Management
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $3.1B | — | 50.8% |
| 2024 | $3.4B | — | 50.3% |
| 2025 | $3.9B | — | 48.2% |
Where the revenue comes from
Ameriprise Financial · by segments, 2025
Retirement & Protection Solutions$397M99%
Corporate & Other$3M1%
Brookfield Asset Management · by segments, 2025
Infrastructure$1.3B33%
Real estate$986M25%
Renewable power and transition$852M22%
Credit$423M11%
Private equity$392M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AMP in InvestinglyQuestions
Which is bigger, Ameriprise Financial or Brookfield Asset Management?
Brookfield Asset Management (BAM), at $73.4B against $45.1B.
Is AMP or BAM cheaper?
By trailing P/E, Ameriprise Financial (12.5x) is cheaper than Brookfield Asset Management (29.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, AMP or BAM?
Brookfield Asset Management: revenue grew +12.5% over the last year, against +11.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.