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Side-by-side financial comparison of BXP, Inc. (BXP) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.

BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $487.3M, roughly 1.8× National Vision Holdings, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 0.7%, a 14.6% gap on every dollar of revenue. On growth, National Vision Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 0.8%). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% 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.

Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.

BXP vs EYE — Head-to-Head

Bigger by revenue
BXP
BXP
1.8× larger
BXP
$872.1M
$487.3M
EYE
Growing faster (revenue YoY)
EYE
EYE
+7.1% gap
EYE
7.9%
0.8%
BXP
Higher net margin
BXP
BXP
14.6% more per $
BXP
15.3%
0.7%
EYE
Faster 2-yr revenue CAGR
EYE
EYE
Annualised
EYE
7.6%
1.3%
BXP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
BXP
BXP
EYE
EYE
Revenue
$872.1M
$487.3M
Net Profit
$133.0M
$3.4M
Gross Margin
Operating Margin
2.0%
Net Margin
15.3%
0.7%
Revenue YoY
0.8%
7.9%
Net Profit YoY
53.0%
139.8%
EPS (diluted)
$1.69
$0.04

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.

Revenue
BXP
BXP
EYE
EYE
Q1 26
$872.1M
Q4 25
$877.1M
Q3 25
$871.5M
$487.3M
Q2 25
$868.5M
$486.4M
Q1 25
$865.2M
$510.3M
Q4 24
$858.6M
$437.3M
Q3 24
$859.2M
$451.5M
Q2 24
$850.5M
$451.7M
Net Profit
BXP
BXP
EYE
EYE
Q1 26
$133.0M
Q4 25
$248.4M
Q3 25
$-121.7M
$3.4M
Q2 25
$89.0M
$8.7M
Q1 25
$61.2M
$14.2M
Q4 24
$-228.9M
$-28.6M
Q3 24
$83.6M
$-8.5M
Q2 24
$79.6M
$-3.1M
Gross Margin
BXP
BXP
EYE
EYE
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%
Operating Margin
BXP
BXP
EYE
EYE
Q1 26
Q4 25
Q3 25
2.0%
Q2 25
3.4%
Q1 25
5.1%
Q4 24
-5.8%
Q3 24
-2.0%
Q2 24
0.1%
Net Margin
BXP
BXP
EYE
EYE
Q1 26
15.3%
Q4 25
28.3%
Q3 25
-14.0%
0.7%
Q2 25
10.2%
1.8%
Q1 25
7.1%
2.8%
Q4 24
-26.7%
-6.5%
Q3 24
9.7%
-1.9%
Q2 24
9.4%
-0.7%
EPS (diluted)
BXP
BXP
EYE
EYE
Q1 26
$1.69
Q4 25
$1.56
Q3 25
$-0.77
$0.04
Q2 25
$0.56
$0.11
Q1 25
$0.39
$0.18
Q4 24
$-1.46
$-0.36
Q3 24
$0.53
$-0.11
Q2 24
$0.51
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BXP
BXP
EYE
EYE
Cash + ST InvestmentsLiquidity on hand
$512.8M
$56.0M
Total DebtLower is stronger
$236.5M
Stockholders' EquityBook value
$7.7B
$858.8M
Total Assets
$25.1B
$2.0B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
EYE
EYE
Q1 26
$512.8M
Q4 25
$1.5B
Q3 25
$861.1M
$56.0M
Q2 25
$447.0M
$48.5M
Q1 25
$398.1M
$80.0M
Q4 24
$1.3B
$73.9M
Q3 24
$1.4B
$81.2M
Q2 24
$685.4M
$179.5M
Total Debt
BXP
BXP
EYE
EYE
Q1 26
Q4 25
Q3 25
$236.5M
Q2 25
$255.6M
Q1 25
$244.7M
Q4 24
$248.6M
Q3 24
$252.8M
Q2 24
$143.9M
Stockholders' Equity
BXP
BXP
EYE
EYE
Q1 26
$7.7B
Q4 25
$5.1B
Q3 25
$5.0B
$858.8M
Q2 25
$5.3B
$850.6M
Q1 25
$5.3B
$836.2M
Q4 24
$5.4B
$816.3M
Q3 24
$5.8B
$840.0M
Q2 24
$5.8B
$843.4M
Total Assets
BXP
BXP
EYE
EYE
Q1 26
$25.1B
Q4 25
$26.2B
Q3 25
$26.0B
$2.0B
Q2 25
$25.6B
$2.0B
Q1 25
$25.4B
$2.0B
Q4 24
$26.1B
$2.0B
Q3 24
$26.4B
$2.0B
Q2 24
$25.5B
$2.1B
Debt / Equity
BXP
BXP
EYE
EYE
Q1 26
Q4 25
Q3 25
0.28×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.30×
Q3 24
0.30×
Q2 24
0.17×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BXP
BXP
EYE
EYE
Operating Cash FlowLast quarter
$46.6M
Free Cash FlowOCF − Capex
$30.3M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
1.5%
3.4%
Cash ConversionOCF / Net Profit
13.83×
TTM Free Cash FlowTrailing 4 quarters
$83.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXP
BXP
EYE
EYE
Q1 26
Q4 25
$407.8M
Q3 25
$274.2M
$46.6M
Q2 25
$353.1M
$54.3M
Q1 25
$210.0M
$32.2M
Q4 24
$383.7M
$30.3M
Q3 24
$286.1M
$27.9M
Q2 24
$367.1M
$51.5M
Free Cash Flow
BXP
BXP
EYE
EYE
Q1 26
Q4 25
$362.7M
Q3 25
$231.6M
$30.3M
Q2 25
$281.5M
$42.4M
Q1 25
$152.6M
$12.0M
Q4 24
$312.5M
$-1.7M
Q3 24
$234.5M
$4.1M
Q2 24
$332.4M
$31.9M
FCF Margin
BXP
BXP
EYE
EYE
Q1 26
Q4 25
41.4%
Q3 25
26.6%
6.2%
Q2 25
32.4%
8.7%
Q1 25
17.6%
2.4%
Q4 24
36.4%
-0.4%
Q3 24
27.3%
0.9%
Q2 24
39.1%
7.1%
Capex Intensity
BXP
BXP
EYE
EYE
Q1 26
1.5%
Q4 25
5.1%
Q3 25
4.9%
3.4%
Q2 25
8.2%
2.4%
Q1 25
6.6%
4.0%
Q4 24
8.3%
7.3%
Q3 24
6.0%
5.3%
Q2 24
4.1%
4.3%
Cash Conversion
BXP
BXP
EYE
EYE
Q1 26
Q4 25
1.64×
Q3 25
13.83×
Q2 25
3.97×
6.22×
Q1 25
3.43×
2.27×
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
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

EYE
EYE

Segment breakdown not available.

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