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Side-by-side financial comparison of BXP, Inc. (BXP) and JANUS HENDERSON GROUP PLC (JHG). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $872.1M, roughly 1.3× BXP, Inc.). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 15.3%, a 20.0% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 0.8%). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% 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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
BXP vs JHG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.1B |
| Net Profit | $133.0M | $403.2M |
| Gross Margin | — | — |
| Operating Margin | — | 42.7% |
| Net Margin | 15.3% | 35.3% |
| Revenue YoY | 0.8% | 61.3% |
| Net Profit YoY | 53.0% | 231.0% |
| EPS (diluted) | $1.69 | $2.59 |
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 | $1.1B | ||
| Q3 25 | $871.5M | $700.4M | ||
| Q2 25 | $868.5M | $633.2M | ||
| Q1 25 | $865.2M | $621.4M | ||
| Q4 24 | $858.6M | $708.3M | ||
| Q3 24 | $859.2M | $624.8M | ||
| Q2 24 | $850.5M | $588.4M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $403.2M | ||
| Q3 25 | $-121.7M | $142.1M | ||
| Q2 25 | $89.0M | $149.9M | ||
| Q1 25 | $61.2M | $120.7M | ||
| Q4 24 | $-228.9M | $121.8M | ||
| Q3 24 | $83.6M | $27.3M | ||
| Q2 24 | $79.6M | $129.7M |
| 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 | — | 42.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 25.9% | ||
| Q1 25 | — | 24.7% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 26.4% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 35.3% | ||
| Q3 25 | -14.0% | 20.3% | ||
| Q2 25 | 10.2% | 23.7% | ||
| Q1 25 | 7.1% | 19.4% | ||
| Q4 24 | -26.7% | 17.2% | ||
| Q3 24 | 9.7% | 4.4% | ||
| Q2 24 | 9.4% | 22.0% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.59 | ||
| Q3 25 | $-0.77 | $0.92 | ||
| Q2 25 | $0.56 | $0.95 | ||
| Q1 25 | $0.39 | $0.77 | ||
| Q4 24 | $-1.46 | $0.77 | ||
| Q3 24 | $0.53 | $0.17 | ||
| Q2 24 | $0.51 | $0.81 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $5.1B |
| Total Assets | $25.1B | $8.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $861.1M | $1.4B | ||
| Q2 25 | $447.0M | $1.3B | ||
| Q1 25 | $398.1M | $1.4B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $685.4M | $1.3B |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $5.1B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $5.3B | $4.8B | ||
| Q1 25 | $5.3B | $4.7B | ||
| Q4 24 | $5.4B | $4.6B | ||
| Q3 24 | $5.8B | $4.6B | ||
| Q2 24 | $5.8B | $4.5B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.3B | ||
| Q3 25 | $26.0B | $7.6B | ||
| Q2 25 | $25.6B | $7.5B | ||
| Q1 25 | $25.4B | $7.1B | ||
| Q4 24 | $26.1B | $7.0B | ||
| Q3 24 | $26.4B | $7.3B | ||
| Q2 24 | $25.5B | $6.4B |
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 | — | $322.7M |
| Free Cash FlowOCF − Capex | — | $320.4M |
| FCF MarginFCF / Revenue | — | 28.0% |
| Capex IntensityCapex / Revenue | 1.5% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $322.7M | ||
| Q3 25 | $274.2M | $258.8M | ||
| Q2 25 | $353.1M | $135.2M | ||
| Q1 25 | $210.0M | $2.8M | ||
| Q4 24 | $383.7M | $247.3M | ||
| Q3 24 | $286.1M | $228.5M | ||
| Q2 24 | $367.1M | $223.8M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $320.4M | ||
| Q3 25 | $231.6M | $256.4M | ||
| Q2 25 | $281.5M | $133.2M | ||
| Q1 25 | $152.6M | $900.0K | ||
| Q4 24 | $312.5M | $243.5M | ||
| Q3 24 | $234.5M | $225.9M | ||
| Q2 24 | $332.4M | $221.9M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 28.0% | ||
| Q3 25 | 26.6% | 36.6% | ||
| Q2 25 | 32.4% | 21.0% | ||
| Q1 25 | 17.6% | 0.1% | ||
| Q4 24 | 36.4% | 34.4% | ||
| Q3 24 | 27.3% | 36.2% | ||
| Q2 24 | 39.1% | 37.7% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.2% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 8.2% | 0.3% | ||
| Q1 25 | 6.6% | 0.3% | ||
| Q4 24 | 8.3% | 0.5% | ||
| Q3 24 | 6.0% | 0.4% | ||
| Q2 24 | 4.1% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.80× | ||
| Q3 25 | — | 1.82× | ||
| Q2 25 | 3.97× | 0.90× | ||
| Q1 25 | 3.43× | 0.02× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | 3.42× | 8.37× | ||
| Q2 24 | 4.61× | 1.73× |
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% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
