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Side-by-side financial comparison of BXP, Inc. (BXP) and Hillenbrand, Inc. (HI). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $550.2M, roughly 1.6× Hillenbrand, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -0.4%, a 15.7% gap on every dollar of revenue. On growth, BXP, Inc. posted the faster year-over-year revenue change (0.8% vs -22.2%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -16.3%).
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.
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
BXP vs HI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $550.2M |
| Net Profit | $133.0M | $-2.2M |
| Gross Margin | — | 33.4% |
| Operating Margin | — | -2.2% |
| Net Margin | 15.3% | -0.4% |
| Revenue YoY | 0.8% | -22.2% |
| Net Profit YoY | 53.0% | -134.4% |
| EPS (diluted) | $1.69 | — |
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 | $550.2M | ||
| Q3 25 | $871.5M | $652.1M | ||
| Q2 25 | $868.5M | $598.9M | ||
| Q1 25 | $865.2M | $715.9M | ||
| Q4 24 | $858.6M | $706.9M | ||
| Q3 24 | $859.2M | $837.6M | ||
| Q2 24 | $850.5M | $786.6M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-2.2M | ||
| Q3 25 | $-121.7M | $75.7M | ||
| Q2 25 | $89.0M | $1.9M | ||
| Q1 25 | $61.2M | $-40.9M | ||
| Q4 24 | $-228.9M | $6.4M | ||
| Q3 24 | $83.6M | $14.6M | ||
| Q2 24 | $79.6M | $-248.9M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 33.4% | ||
| Q3 25 | 59.3% | 34.8% | ||
| Q2 25 | 59.2% | 33.8% | ||
| Q1 25 | 59.2% | 33.0% | ||
| Q4 24 | 59.7% | 33.2% | ||
| Q3 24 | 59.5% | 34.4% | ||
| Q2 24 | 59.8% | 33.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -32.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -0.4% | ||
| Q3 25 | -14.0% | 11.6% | ||
| Q2 25 | 10.2% | 0.3% | ||
| Q1 25 | 7.1% | -5.7% | ||
| Q4 24 | -26.7% | 0.9% | ||
| Q3 24 | 9.7% | 1.7% | ||
| Q2 24 | 9.4% | -31.6% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $1.07 | ||
| Q2 25 | $0.56 | $0.03 | ||
| Q1 25 | $0.39 | $-0.58 | ||
| Q4 24 | $-1.46 | $0.09 | ||
| Q3 24 | $0.53 | $0.20 | ||
| Q2 24 | $0.51 | $-3.53 |
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 | $173.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $1.4B |
| Total Assets | $25.1B | $4.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $173.1M | ||
| Q3 25 | $861.1M | $164.8M | ||
| Q2 25 | $447.0M | $162.8M | ||
| Q1 25 | $398.1M | $458.4M | ||
| Q4 24 | $1.3B | $208.0M | ||
| Q3 24 | $1.4B | $199.3M | ||
| Q2 24 | $685.4M | $223.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.4B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.5B | ||
| Q3 25 | $26.0B | $4.5B | ||
| Q2 25 | $25.6B | $4.7B | ||
| Q1 25 | $25.4B | $4.8B | ||
| Q4 24 | $26.1B | $5.1B | ||
| Q3 24 | $26.4B | $5.2B | ||
| Q2 24 | $25.5B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.48× |
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 | — | $-27.4M |
| Free Cash FlowOCF − Capex | — | $-31.6M |
| FCF MarginFCF / Revenue | — | -5.7% |
| Capex IntensityCapex / Revenue | 1.5% | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-27.4M | ||
| Q3 25 | $274.2M | $67.7M | ||
| Q2 25 | $353.1M | $-1.5M | ||
| Q1 25 | $210.0M | $1.3M | ||
| Q4 24 | $383.7M | $-11.3M | ||
| Q3 24 | $286.1M | $166.5M | ||
| Q2 24 | $367.1M | $45.6M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-31.6M | ||
| Q3 25 | $231.6M | $58.6M | ||
| Q2 25 | $281.5M | $-11.2M | ||
| Q1 25 | $152.6M | $-8.0M | ||
| Q4 24 | $312.5M | $-21.5M | ||
| Q3 24 | $234.5M | $153.4M | ||
| Q2 24 | $332.4M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -5.7% | ||
| Q3 25 | 26.6% | 9.0% | ||
| Q2 25 | 32.4% | -1.9% | ||
| Q1 25 | 17.6% | -1.1% | ||
| Q4 24 | 36.4% | -3.0% | ||
| Q3 24 | 27.3% | 18.3% | ||
| Q2 24 | 39.1% | 3.8% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | 4.9% | 1.4% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | 3.97× | -0.79× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | -1.77× | ||
| Q3 24 | 3.42× | 11.40× | ||
| 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% |
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
