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Side-by-side financial comparison of BXP, Inc. (BXP) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $872.1M, roughly 1.2× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 2.2%, a 13.0% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
BXP vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.0B |
| Net Profit | $133.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 15.3% | 2.2% |
| Revenue YoY | 0.8% | 4.5% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | $0.14 |
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 | $1.0B | ||
| Q4 25 | $877.1M | $1.0B | ||
| Q3 25 | $871.5M | $947.4M | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $977.5M | ||
| Q4 24 | $858.6M | $943.6M | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.2B |
| Q1 26 | $133.0M | $22.6M | ||
| Q4 25 | $248.4M | $13.7M | ||
| Q3 25 | $-121.7M | $43.1M | ||
| Q2 25 | $89.0M | $71.0M | ||
| Q1 25 | $61.2M | $20.1M | ||
| Q4 24 | $-228.9M | $51.9M | ||
| Q3 24 | $83.6M | $73.8M | ||
| Q2 24 | $79.6M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 20.6% | ||
| Q3 25 | 59.3% | 18.7% | ||
| Q2 25 | 59.2% | 22.1% | ||
| Q1 25 | 59.2% | 22.1% | ||
| Q4 24 | 59.7% | 21.4% | ||
| Q3 24 | 59.5% | 26.2% | ||
| Q2 24 | 59.8% | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 9.4% | ||
| Q2 24 | — | 12.2% |
| Q1 26 | 15.3% | 2.2% | ||
| Q4 25 | 28.3% | 1.3% | ||
| Q3 25 | -14.0% | 4.5% | ||
| Q2 25 | 10.2% | 6.8% | ||
| Q1 25 | 7.1% | 2.1% | ||
| Q4 24 | -26.7% | 5.5% | ||
| Q3 24 | 9.7% | 6.5% | ||
| Q2 24 | 9.4% | 9.3% |
| Q1 26 | $1.69 | $0.14 | ||
| Q4 25 | $1.56 | $0.08 | ||
| Q3 25 | $-0.77 | $0.26 | ||
| Q2 25 | $0.56 | $0.43 | ||
| Q1 25 | $0.39 | $0.12 | ||
| Q4 24 | $-1.46 | $0.31 | ||
| Q3 24 | $0.53 | $0.44 | ||
| Q2 24 | $0.51 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $7.7B | $1.9B |
| Total Assets | $25.1B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | $699.1M | ||
| Q4 25 | $1.5B | $27.6M | ||
| Q3 25 | $861.1M | $13.5M | ||
| Q2 25 | $447.0M | $19.6M | ||
| Q1 25 | $398.1M | $24.1M | ||
| Q4 24 | $1.3B | $20.0M | ||
| Q3 24 | $1.4B | $23.0M | ||
| Q2 24 | $685.4M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | $1.9B | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.1B | ||
| Q2 25 | $5.3B | $2.0B | ||
| Q1 25 | $5.3B | $2.0B | ||
| Q4 24 | $5.4B | $2.0B | ||
| Q3 24 | $5.8B | $2.0B | ||
| Q2 24 | $5.8B | $1.9B |
| Q1 26 | $25.1B | $4.4B | ||
| Q4 25 | $26.2B | $3.6B | ||
| Q3 25 | $26.0B | $3.5B | ||
| Q2 25 | $25.6B | $3.4B | ||
| Q1 25 | $25.4B | $3.4B | ||
| Q4 24 | $26.1B | $3.3B | ||
| Q3 24 | $26.4B | $3.3B | ||
| Q2 24 | $25.5B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
LBRT
Segment breakdown not available.
