vs
Side-by-side financial comparison of BXP, Inc. (BXP) and Chefs' Warehouse, Inc. (CHEF). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $872.1M, roughly 1.2× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 1.6%, a 13.6% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (11.4% vs 0.8%). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (5.3% CAGR vs 1.3%).
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.
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
BXP vs CHEF — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.1B |
| Net Profit | $133.0M | $17.4M |
| Gross Margin | — | 24.3% |
| Operating Margin | — | 3.1% |
| Net Margin | 15.3% | 1.6% |
| Revenue YoY | 0.8% | 11.4% |
| Net Profit YoY | 53.0% | 68.8% |
| EPS (diluted) | $1.69 | $0.40 |
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.
| Q1 26 | $872.1M | $1.1B | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.0B | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $950.7M | ||
| Q4 24 | $858.6M | $1.0B | ||
| Q3 24 | $859.2M | $931.5M | ||
| Q2 24 | $850.5M | $954.7M |
| Q1 26 | $133.0M | $17.4M | ||
| Q4 25 | $248.4M | $21.7M | ||
| Q3 25 | $-121.7M | $19.1M | ||
| Q2 25 | $89.0M | $21.2M | ||
| Q1 25 | $61.2M | $10.3M | ||
| Q4 24 | $-228.9M | $23.9M | ||
| Q3 24 | $83.6M | $14.1M | ||
| Q2 24 | $79.6M | $15.5M |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 58.8% | 24.2% | ||
| Q3 25 | 59.3% | 24.2% | ||
| Q2 25 | 59.2% | 24.6% | ||
| Q1 25 | 59.2% | 23.8% | ||
| Q4 24 | 59.7% | 24.3% | ||
| Q3 24 | 59.5% | 24.1% | ||
| Q2 24 | 59.8% | 24.0% |
| Q1 26 | — | 3.1% | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.5% |
| Q1 26 | 15.3% | 1.6% | ||
| Q4 25 | 28.3% | 1.9% | ||
| Q3 25 | -14.0% | 1.9% | ||
| Q2 25 | 10.2% | 2.1% | ||
| Q1 25 | 7.1% | 1.1% | ||
| Q4 24 | -26.7% | 2.3% | ||
| Q3 24 | 9.7% | 1.5% | ||
| Q2 24 | 9.4% | 1.6% |
| Q1 26 | $1.69 | $0.40 | ||
| Q4 25 | $1.56 | $0.50 | ||
| Q3 25 | $-0.77 | $0.44 | ||
| Q2 25 | $0.56 | $0.49 | ||
| Q1 25 | $0.39 | $0.25 | ||
| Q4 24 | $-1.46 | $0.56 | ||
| Q3 24 | $0.53 | $0.34 | ||
| Q2 24 | $0.51 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.8M | $122.7M |
| Total DebtLower is stronger | — | $750.4M |
| Stockholders' EquityBook value | $7.7B | $608.6M |
| Total Assets | $25.1B | $2.0B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | $122.7M | ||
| Q4 25 | $1.5B | $121.0M | ||
| Q3 25 | $861.1M | $65.1M | ||
| Q2 25 | $447.0M | $96.9M | ||
| Q1 25 | $398.1M | $116.5M | ||
| Q4 24 | $1.3B | $114.7M | ||
| Q3 24 | $1.4B | $50.7M | ||
| Q2 24 | $685.4M | $38.3M |
| Q1 26 | — | $750.4M | ||
| Q4 25 | — | $720.3M | ||
| Q3 25 | — | $711.7M | ||
| Q2 25 | — | $690.2M | ||
| Q1 25 | — | $681.1M | ||
| Q4 24 | — | $688.7M | ||
| Q3 24 | — | $666.6M | ||
| Q2 24 | — | $660.8M |
| Q1 26 | $7.7B | $608.6M | ||
| Q4 25 | $5.1B | $604.3M | ||
| Q3 25 | $5.0B | $576.6M | ||
| Q2 25 | $5.3B | $557.7M | ||
| Q1 25 | $5.3B | $541.6M | ||
| Q4 24 | $5.4B | $537.6M | ||
| Q3 24 | $5.8B | $480.3M | ||
| Q2 24 | $5.8B | $461.9M |
| Q1 26 | $25.1B | $2.0B | ||
| Q4 25 | $26.2B | $2.0B | ||
| Q3 25 | $26.0B | $1.9B | ||
| Q2 25 | $25.6B | $1.9B | ||
| Q1 25 | $25.4B | $1.8B | ||
| Q4 24 | $26.1B | $1.9B | ||
| Q3 24 | $26.4B | $1.8B | ||
| Q2 24 | $25.5B | $1.7B |
| Q1 26 | — | 1.23× | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 1.43× |
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 | — | $38.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.5% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $38.3M | ||
| Q4 25 | $407.8M | $73.9M | ||
| Q3 25 | $274.2M | $-8.7M | ||
| Q2 25 | $353.1M | $14.5M | ||
| Q1 25 | $210.0M | $49.6M | ||
| Q4 24 | $383.7M | $73.0M | ||
| Q3 24 | $286.1M | $19.8M | ||
| Q2 24 | $367.1M | $29.3M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $65.8M | ||
| Q3 25 | $231.6M | $-19.7M | ||
| Q2 25 | $281.5M | $4.5M | ||
| Q1 25 | $152.6M | $37.2M | ||
| Q4 24 | $312.5M | $64.6M | ||
| Q3 24 | $234.5M | $11.8M | ||
| Q2 24 | $332.4M | $13.3M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 5.8% | ||
| Q3 25 | 26.6% | -1.9% | ||
| Q2 25 | 32.4% | 0.4% | ||
| Q1 25 | 17.6% | 3.9% | ||
| Q4 24 | 36.4% | 6.3% | ||
| Q3 24 | 27.3% | 1.3% | ||
| Q2 24 | 39.1% | 1.4% |
| Q1 26 | 1.5% | 0.7% | ||
| Q4 25 | 5.1% | 0.7% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.3% | 0.8% | ||
| Q3 24 | 6.0% | 0.9% | ||
| Q2 24 | 4.1% | 1.7% |
| Q1 26 | — | 2.20× | ||
| Q4 25 | 1.64× | 3.41× | ||
| Q3 25 | — | -0.46× | ||
| Q2 25 | 3.97× | 0.68× | ||
| Q1 25 | 3.43× | 4.82× | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | 3.42× | 1.41× | ||
| Q2 24 | 4.61× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
CHEF
Segment breakdown not available.
