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Side-by-side financial comparison of BXP, Inc. (BXP) and ENCORE CAPITAL GROUP INC (ECPG). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $473.6M, roughly 1.8× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 15.3%, a 0.9% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 0.8%). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% 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.
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
BXP vs ECPG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $473.6M |
| Net Profit | $133.0M | $76.7M |
| Gross Margin | — | — |
| Operating Margin | — | 36.6% |
| Net Margin | 15.3% | 16.2% |
| Revenue YoY | 0.8% | 78.3% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | $3.32 |
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 | $473.6M | ||
| Q3 25 | $871.5M | $460.4M | ||
| Q2 25 | $868.5M | $442.1M | ||
| Q1 25 | $865.2M | $392.8M | ||
| Q4 24 | $858.6M | $265.6M | ||
| Q3 24 | $859.2M | $367.1M | ||
| Q2 24 | $850.5M | $355.3M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $76.7M | ||
| Q3 25 | $-121.7M | $74.7M | ||
| Q2 25 | $89.0M | $58.7M | ||
| Q1 25 | $61.2M | $46.8M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $30.6M | ||
| Q2 24 | $79.6M | $32.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 32.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 28.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 16.2% | ||
| Q3 25 | -14.0% | 16.2% | ||
| Q2 25 | 10.2% | 13.3% | ||
| Q1 25 | 7.1% | 11.9% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 8.3% | ||
| Q2 24 | 9.4% | 9.1% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.32 | ||
| Q3 25 | $-0.77 | $3.17 | ||
| Q2 25 | $0.56 | $2.49 | ||
| Q1 25 | $0.39 | $1.93 | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | $1.26 | ||
| Q2 24 | $0.51 | $1.34 |
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 | $156.8M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $7.7B | $976.8M |
| Total Assets | $25.1B | $5.3B |
| Debt / EquityLower = less leverage | — | 4.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $156.8M | ||
| Q3 25 | $861.1M | $172.5M | ||
| Q2 25 | $447.0M | $172.9M | ||
| Q1 25 | $398.1M | $187.1M | ||
| Q4 24 | $1.3B | $199.9M | ||
| Q3 24 | $1.4B | $247.4M | ||
| Q2 24 | $685.4M | $250.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $976.8M | ||
| Q3 25 | $5.0B | $952.9M | ||
| Q2 25 | $5.3B | $896.0M | ||
| Q1 25 | $5.3B | $819.1M | ||
| Q4 24 | $5.4B | $767.3M | ||
| Q3 24 | $5.8B | $1.0B | ||
| Q2 24 | $5.8B | $988.1M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.3B | ||
| Q3 25 | $26.0B | $5.3B | ||
| Q2 25 | $25.6B | $5.2B | ||
| Q1 25 | $25.4B | $5.0B | ||
| Q4 24 | $26.1B | $4.8B | ||
| Q3 24 | $26.4B | $5.0B | ||
| Q2 24 | $25.5B | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.83× | ||
| 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 | — | $153.2M |
| Free Cash FlowOCF − Capex | — | $126.9M |
| FCF MarginFCF / Revenue | — | 26.8% |
| Capex IntensityCapex / Revenue | 1.5% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $244.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $153.2M | ||
| Q3 25 | $274.2M | $81.6M | ||
| Q2 25 | $353.1M | $9.5M | ||
| Q1 25 | $210.0M | $45.3M | ||
| Q4 24 | $383.7M | $156.2M | ||
| Q3 24 | $286.1M | $45.9M | ||
| Q2 24 | $367.1M | $35.7M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $126.9M | ||
| Q3 25 | $231.6M | $75.6M | ||
| Q2 25 | $281.5M | $3.2M | ||
| Q1 25 | $152.6M | $38.3M | ||
| Q4 24 | $312.5M | $127.2M | ||
| Q3 24 | $234.5M | $39.7M | ||
| Q2 24 | $332.4M | $28.3M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 26.8% | ||
| Q3 25 | 26.6% | 16.4% | ||
| Q2 25 | 32.4% | 0.7% | ||
| Q1 25 | 17.6% | 9.7% | ||
| Q4 24 | 36.4% | 47.9% | ||
| Q3 24 | 27.3% | 10.8% | ||
| Q2 24 | 39.1% | 8.0% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 5.5% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | 8.2% | 1.4% | ||
| Q1 25 | 6.6% | 1.8% | ||
| Q4 24 | 8.3% | 10.9% | ||
| Q3 24 | 6.0% | 1.7% | ||
| Q2 24 | 4.1% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.00× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 3.97× | 0.16× | ||
| Q1 25 | 3.43× | 0.97× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.50× | ||
| Q2 24 | 4.61× | 1.11× |
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% |
ECPG
Segment breakdown not available.
