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Side-by-side financial comparison of BROOKFIELD Corp (BN) and BXP, Inc. (BXP). Click either name above to swap in a different company.
BROOKFIELD Corp is the larger business by last-quarter revenue ($18.1B vs $877.1M, roughly 20.6× BXP, Inc.). BXP, Inc. runs the higher net margin — 28.3% vs 5.8%, a 22.5% gap on every dollar of revenue. BXP, Inc. produced more free cash flow last quarter ($362.7M vs $-745.0M).
Brookfield Properties is a North American subsidiary of commercial real estate firm Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Corporation. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings.
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
BN vs BXP — Head-to-Head
Income Statement — Q2 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $18.1B | $877.1M |
| Net Profit | $1.1B | $248.4M |
| Gross Margin | — | 58.8% |
| Operating Margin | — | — |
| Net Margin | 5.8% | 28.3% |
| Revenue YoY | — | 2.2% |
| Net Profit YoY | — | 208.5% |
| EPS (diluted) | $0.15 | $1.56 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $877.1M | ||
| Q3 25 | — | $871.5M | ||
| Q2 25 | $18.1B | $868.5M | ||
| Q1 25 | — | $865.2M | ||
| Q4 24 | — | $858.6M | ||
| Q3 24 | — | $859.2M | ||
| Q2 24 | — | $850.5M | ||
| Q1 24 | — | $839.4M |
| Q4 25 | — | $248.4M | ||
| Q3 25 | — | $-121.7M | ||
| Q2 25 | $1.1B | $89.0M | ||
| Q1 25 | — | $61.2M | ||
| Q4 24 | — | $-228.9M | ||
| Q3 24 | — | $83.6M | ||
| Q2 24 | — | $79.6M | ||
| Q1 24 | — | $79.9M |
| Q4 25 | — | 58.8% | ||
| Q3 25 | — | 59.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | 5.8% | 10.2% | ||
| Q1 25 | — | 7.1% | ||
| Q4 24 | — | -26.7% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 9.5% |
| Q4 25 | — | $1.56 | ||
| Q3 25 | — | $-0.77 | ||
| Q2 25 | $0.15 | $0.56 | ||
| Q1 25 | — | $0.39 | ||
| Q4 24 | — | $-1.46 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7B | $1.5B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $161.6B | $5.1B |
| Total Assets | $506.1B | $26.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $861.1M | ||
| Q2 25 | $13.7B | $447.0M | ||
| Q1 25 | — | $398.1M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $685.4M | ||
| Q1 24 | — | $701.7M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | $161.6B | $5.3B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.8B | ||
| Q2 24 | — | $5.8B | ||
| Q1 24 | — | $5.9B |
| Q4 25 | — | $26.2B | ||
| Q3 25 | — | $26.0B | ||
| Q2 25 | $506.1B | $25.6B | ||
| Q1 25 | — | $25.4B | ||
| Q4 24 | — | $26.1B | ||
| Q3 24 | — | $26.4B | ||
| Q2 24 | — | $25.5B | ||
| Q1 24 | — | $25.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.0B | $407.8M |
| Free Cash FlowOCF − Capex | $-745.0M | $362.7M |
| FCF MarginFCF / Revenue | -4.1% | 41.4% |
| Capex IntensityCapex / Revenue | 15.2% | 5.1% |
| Cash ConversionOCF / Net Profit | 1.91× | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $407.8M | ||
| Q3 25 | — | $274.2M | ||
| Q2 25 | $2.0B | $353.1M | ||
| Q1 25 | — | $210.0M | ||
| Q4 24 | — | $383.7M | ||
| Q3 24 | — | $286.1M | ||
| Q2 24 | — | $367.1M | ||
| Q1 24 | — | $197.6M |
| Q4 25 | — | $362.7M | ||
| Q3 25 | — | $231.6M | ||
| Q2 25 | $-745.0M | $281.5M | ||
| Q1 25 | — | $152.6M | ||
| Q4 24 | — | $312.5M | ||
| Q3 24 | — | $234.5M | ||
| Q2 24 | — | $332.4M | ||
| Q1 24 | — | $165.5M |
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | -4.1% | 32.4% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 36.4% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 19.7% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | 15.2% | 8.2% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.91× | 3.97× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 4.61× | ||
| Q1 24 | — | 2.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
