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Side-by-side financial comparison of BXP, Inc. (BXP) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $529.5M, roughly 1.6× KENNAMETAL INC). BXP, Inc. runs the higher net margin — 15.3% vs 6.4%, a 8.9% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 0.8%). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (1.3% 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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
BXP vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $529.5M |
| Net Profit | $133.0M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | — | 9.9% |
| Net Margin | 15.3% | 6.4% |
| Revenue YoY | 0.8% | 9.8% |
| Net Profit YoY | 53.0% | 89.0% |
| EPS (diluted) | $1.69 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $871.5M | $498.0M | ||
| Q2 25 | $868.5M | $516.4M | ||
| Q1 25 | $865.2M | $486.4M | ||
| Q4 24 | $858.6M | $482.1M | ||
| Q3 24 | $859.2M | $481.9M | ||
| Q2 24 | $850.5M | $543.3M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $33.9M | ||
| Q3 25 | $-121.7M | $23.3M | ||
| Q2 25 | $89.0M | $21.6M | ||
| Q1 25 | $61.2M | $31.5M | ||
| Q4 24 | $-228.9M | $17.9M | ||
| Q3 24 | $83.6M | $22.1M | ||
| Q2 24 | $79.6M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 32.8% | ||
| Q3 25 | 59.3% | 31.0% | ||
| Q2 25 | 59.2% | 28.2% | ||
| Q1 25 | 59.2% | 32.1% | ||
| Q4 24 | 59.7% | 30.1% | ||
| Q3 24 | 59.5% | 31.3% | ||
| Q2 24 | 59.8% | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.9% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 11.3% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 6.4% | ||
| Q3 25 | -14.0% | 4.7% | ||
| Q2 25 | 10.2% | 4.2% | ||
| Q1 25 | 7.1% | 6.5% | ||
| Q4 24 | -26.7% | 3.7% | ||
| Q3 24 | 9.7% | 4.6% | ||
| Q2 24 | 9.4% | 6.8% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.44 | ||
| Q3 25 | $-0.77 | $0.30 | ||
| Q2 25 | $0.56 | $0.28 | ||
| Q1 25 | $0.39 | $0.41 | ||
| Q4 24 | $-1.46 | $0.23 | ||
| Q3 24 | $0.53 | $0.28 | ||
| Q2 24 | $0.51 | $0.47 |
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 | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $7.7B | $1.3B |
| Total Assets | $25.1B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $129.3M | ||
| Q3 25 | $861.1M | $103.5M | ||
| Q2 25 | $447.0M | $140.5M | ||
| Q1 25 | $398.1M | $97.5M | ||
| Q4 24 | $1.3B | $121.2M | ||
| Q3 24 | $1.4B | $119.6M | ||
| Q2 24 | $685.4M | $128.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $5.0B | $1.3B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.3B | $1.2B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.2B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.6B | ||
| Q3 25 | $26.0B | $2.5B | ||
| Q2 25 | $25.6B | $2.5B | ||
| Q1 25 | $25.4B | $2.5B | ||
| Q4 24 | $26.1B | $2.4B | ||
| Q3 24 | $26.4B | $2.5B | ||
| Q2 24 | $25.5B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× |
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 | — | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | 1.5% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $55.1M | ||
| Q3 25 | $274.2M | $17.5M | ||
| Q2 25 | $353.1M | $78.6M | ||
| Q1 25 | $210.0M | $28.8M | ||
| Q4 24 | $383.7M | $55.2M | ||
| Q3 24 | $286.1M | $45.7M | ||
| Q2 24 | $367.1M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $42.4M | ||
| Q3 25 | $231.6M | $-5.5M | ||
| Q2 25 | $281.5M | $57.1M | ||
| Q1 25 | $152.6M | $5.3M | ||
| Q4 24 | $312.5M | $35.9M | ||
| Q3 24 | $234.5M | $21.0M | ||
| Q2 24 | $332.4M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 8.0% | ||
| Q3 25 | 26.6% | -1.1% | ||
| Q2 25 | 32.4% | 11.1% | ||
| Q1 25 | 17.6% | 1.1% | ||
| Q4 24 | 36.4% | 7.5% | ||
| Q3 24 | 27.3% | 4.4% | ||
| Q2 24 | 39.1% | 16.6% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.4% | ||
| Q3 25 | 4.9% | 4.6% | ||
| Q2 25 | 8.2% | 4.2% | ||
| Q1 25 | 6.6% | 4.8% | ||
| Q4 24 | 8.3% | 4.0% | ||
| Q3 24 | 6.0% | 5.1% | ||
| Q2 24 | 4.1% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.63× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | 3.97× | 3.64× | ||
| Q1 25 | 3.43× | 0.92× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | 3.42× | 2.07× | ||
| Q2 24 | 4.61× | 3.06× |
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% |
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
