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Side-by-side financial comparison of BXP, Inc. (BXP) and CoreWeave, Inc. (CRWV). Click either name above to swap in a different company.
CoreWeave, Inc. is the larger business by last-quarter revenue ($1.6B vs $872.1M, roughly 1.8× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -28.7%, a 44.0% gap on every dollar of revenue.
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.
CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises, and also develops its own chip management software.
BXP vs CRWV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.6B |
| Net Profit | $133.0M | $-451.7M |
| Gross Margin | — | 67.6% |
| Operating Margin | — | -5.7% |
| Net Margin | 15.3% | -28.7% |
| Revenue YoY | 0.8% | — |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | $-0.50 |
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 | — | ||
| Q4 25 | $877.1M | $1.6B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $981.6M | ||
| Q4 24 | $858.6M | — | ||
| Q3 24 | $859.2M | $583.9M | ||
| Q2 24 | $850.5M | $395.4M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-451.7M | ||
| Q3 25 | $-121.7M | $-110.1M | ||
| Q2 25 | $89.0M | $-290.5M | ||
| Q1 25 | $61.2M | $-314.6M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $-359.8M | ||
| Q2 24 | $79.6M | $-323.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 67.6% | ||
| Q3 25 | 59.3% | 73.0% | ||
| Q2 25 | 59.2% | 74.2% | ||
| Q1 25 | 59.2% | 73.3% | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | 75.5% | ||
| Q2 24 | 59.8% | 72.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.7% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | -2.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 19.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -28.7% | ||
| Q3 25 | -14.0% | -8.1% | ||
| Q2 25 | 10.2% | -24.0% | ||
| Q1 25 | 7.1% | -32.1% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | -61.6% | ||
| Q2 24 | 9.4% | -81.7% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.50 | ||
| Q3 25 | $-0.77 | $-0.22 | ||
| Q2 25 | $0.56 | $-0.60 | ||
| Q1 25 | $0.39 | $-1.49 | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | $-1.82 | ||
| Q2 24 | $0.51 | $-1.62 |
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 | $3.2B |
| Total DebtLower is stronger | — | $21.4B |
| Stockholders' EquityBook value | $7.7B | $3.3B |
| Total Assets | $25.1B | $49.3B |
| Debt / EquityLower = less leverage | — | 6.41× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | $861.1M | $1.9B | ||
| Q2 25 | $447.0M | $1.2B | ||
| Q1 25 | $398.1M | $1.3B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $685.4M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $21.4B | ||
| Q3 25 | — | $14.0B | ||
| Q2 25 | — | $11.1B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.3B | ||
| Q3 25 | $5.0B | $3.9B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.3B | $1.9B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | $-344.0M | ||
| Q2 24 | $5.8B | $-1.0B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $49.3B | ||
| Q3 25 | $26.0B | $32.9B | ||
| Q2 25 | $25.6B | $26.2B | ||
| Q1 25 | $25.4B | $21.9B | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.4B | — | ||
| Q2 24 | $25.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.41× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 4.16× | ||
| Q1 25 | — | 4.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $1.6B |
| Free Cash FlowOCF − Capex | — | $-2.5B |
| FCF MarginFCF / Revenue | — | -159.1% |
| Capex IntensityCapex / Revenue | 1.5% | 258.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-7.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $1.6B | ||
| Q3 25 | $274.2M | $1.7B | ||
| Q2 25 | $353.1M | $-251.3M | ||
| Q1 25 | $210.0M | $61.2M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $367.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-2.5B | ||
| Q3 25 | $231.6M | $-699.8M | ||
| Q2 25 | $281.5M | $-2.7B | ||
| Q1 25 | $152.6M | $-1.3B | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -159.1% | ||
| Q3 25 | 26.6% | -51.3% | ||
| Q2 25 | 32.4% | -223.0% | ||
| Q1 25 | 17.6% | -137.1% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 258.3% | ||
| Q3 25 | 4.9% | 175.1% | ||
| Q2 25 | 8.2% | 202.3% | ||
| Q1 25 | 6.6% | 143.4% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — |
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% |
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
