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Side-by-side financial comparison of BXP, Inc. (BXP) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $872.1M, roughly 1.1× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 9.8%, a 5.4% gap on every dollar of revenue. On growth, EnerSys posted the faster year-over-year revenue change (1.4% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs 0.5%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
BXP vs ENS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $919.1M |
| Net Profit | $133.0M | $90.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | — | 13.5% |
| Net Margin | 15.3% | 9.8% |
| Revenue YoY | 0.8% | 1.4% |
| Net Profit YoY | 53.0% | -21.3% |
| EPS (diluted) | $1.69 | $2.40 |
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 | — | ||
| Q4 25 | $877.1M | $919.1M | ||
| Q3 25 | $871.5M | $951.3M | ||
| Q2 25 | $868.5M | $893.0M | ||
| Q1 25 | $865.2M | $974.8M | ||
| Q4 24 | $858.6M | $906.2M | ||
| Q3 24 | $859.2M | $883.7M | ||
| Q2 24 | $850.5M | $852.9M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $90.4M | ||
| Q3 25 | $-121.7M | $68.4M | ||
| Q2 25 | $89.0M | $57.5M | ||
| Q1 25 | $61.2M | $96.5M | ||
| Q4 24 | $-228.9M | $114.8M | ||
| Q3 24 | $83.6M | $82.3M | ||
| Q2 24 | $79.6M | $70.1M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 30.1% | ||
| Q3 25 | 59.3% | 29.1% | ||
| Q2 25 | 59.2% | 28.4% | ||
| Q1 25 | 59.2% | 31.2% | ||
| Q4 24 | 59.7% | 32.9% | ||
| Q3 24 | 59.5% | 28.5% | ||
| Q2 24 | 59.8% | 27.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 10.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 9.8% | ||
| Q3 25 | -14.0% | 7.2% | ||
| Q2 25 | 10.2% | 6.4% | ||
| Q1 25 | 7.1% | 9.9% | ||
| Q4 24 | -26.7% | 12.7% | ||
| Q3 24 | 9.7% | 9.3% | ||
| Q2 24 | 9.4% | 8.2% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.40 | ||
| Q3 25 | $-0.77 | $1.80 | ||
| Q2 25 | $0.56 | $1.46 | ||
| Q1 25 | $0.39 | $2.39 | ||
| Q4 24 | $-1.46 | $2.88 | ||
| Q3 24 | $0.53 | $2.01 | ||
| Q2 24 | $0.51 | $1.71 |
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 | $450.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $1.9B |
| Total Assets | $25.1B | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $450.1M | ||
| Q3 25 | $861.1M | $388.6M | ||
| Q2 25 | $447.0M | $346.7M | ||
| Q1 25 | $398.1M | $343.1M | ||
| Q4 24 | $1.3B | $463.2M | ||
| Q3 24 | $1.4B | $407.9M | ||
| Q2 24 | $685.4M | $344.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.9B | ||
| Q3 25 | $5.0B | $1.9B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.3B | $1.9B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.0B | ||
| Q3 25 | $26.0B | $4.1B | ||
| Q2 25 | $25.6B | $4.1B | ||
| Q1 25 | $25.4B | $4.0B | ||
| Q4 24 | $26.1B | $4.0B | ||
| Q3 24 | $26.4B | $4.0B | ||
| Q2 24 | $25.5B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.57× | ||
| 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 | — | $184.6M |
| Free Cash FlowOCF − Capex | — | $171.3M |
| FCF MarginFCF / Revenue | — | 18.6% |
| Capex IntensityCapex / Revenue | 1.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $184.6M | ||
| Q3 25 | $274.2M | $218.0M | ||
| Q2 25 | $353.1M | $968.0K | ||
| Q1 25 | $210.0M | $135.2M | ||
| Q4 24 | $383.7M | $81.1M | ||
| Q3 24 | $286.1M | $33.6M | ||
| Q2 24 | $367.1M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $171.3M | ||
| Q3 25 | $231.6M | $197.1M | ||
| Q2 25 | $281.5M | $-32.1M | ||
| Q1 25 | $152.6M | $104.9M | ||
| Q4 24 | $312.5M | $56.8M | ||
| Q3 24 | $234.5M | $3.3M | ||
| Q2 24 | $332.4M | $-25.7M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 18.6% | ||
| Q3 25 | 26.6% | 20.7% | ||
| Q2 25 | 32.4% | -3.6% | ||
| Q1 25 | 17.6% | 10.8% | ||
| Q4 24 | 36.4% | 6.3% | ||
| Q3 24 | 27.3% | 0.4% | ||
| Q2 24 | 39.1% | -3.0% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 4.9% | 2.2% | ||
| Q2 25 | 8.2% | 3.7% | ||
| Q1 25 | 6.6% | 3.1% | ||
| Q4 24 | 8.3% | 2.7% | ||
| Q3 24 | 6.0% | 3.4% | ||
| Q2 24 | 4.1% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.04× | ||
| Q3 25 | — | 3.19× | ||
| Q2 25 | 3.97× | 0.02× | ||
| Q1 25 | 3.43× | 1.40× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | 3.42× | 0.41× | ||
| Q2 24 | 4.61× | 0.15× |
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% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
