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Side-by-side financial comparison of BXP, Inc. (BXP) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $872.1M, roughly 1.1× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 2.0%, a 13.2% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
BXP vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $932.7M |
| Net Profit | $133.0M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | — | 3.8% |
| Net Margin | 15.3% | 2.0% |
| Revenue YoY | 0.8% | 16.1% |
| Net Profit YoY | 53.0% | 95.7% |
| EPS (diluted) | $1.69 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $871.5M | $1.0B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $803.1M | ||
| Q3 24 | $859.2M | $915.5M | ||
| Q2 24 | $850.5M | $1.1B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $18.7M | ||
| Q3 25 | $-121.7M | $62.5M | ||
| Q2 25 | $89.0M | $57.6M | ||
| Q1 25 | $61.2M | $49.4M | ||
| Q4 24 | $-228.9M | $9.5M | ||
| Q3 24 | $83.6M | $35.6M | ||
| Q2 24 | $79.6M | $61.2M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 22.1% | ||
| Q3 25 | 59.3% | 24.4% | ||
| Q2 25 | 59.2% | 24.4% | ||
| Q1 25 | 59.2% | 24.1% | ||
| Q4 24 | 59.7% | 21.1% | ||
| Q3 24 | 59.5% | 24.0% | ||
| Q2 24 | 59.8% | 25.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 8.6% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.0% | ||
| Q3 25 | -14.0% | 6.0% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 7.1% | 4.7% | ||
| Q4 24 | -26.7% | 1.2% | ||
| Q3 24 | 9.7% | 3.9% | ||
| Q2 24 | 9.4% | 5.8% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.79 | ||
| Q3 25 | $-0.77 | $2.55 | ||
| Q2 25 | $0.56 | $2.29 | ||
| Q1 25 | $0.39 | $1.94 | ||
| Q4 24 | $-1.46 | $0.37 | ||
| Q3 24 | $0.53 | $1.39 | ||
| Q2 24 | $0.51 | $2.40 |
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 | $222.6M |
| Total DebtLower is stronger | — | $945.2M |
| Stockholders' EquityBook value | $7.7B | $1.4B |
| Total Assets | $25.1B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $222.6M | ||
| Q3 25 | $861.1M | $199.7M | ||
| Q2 25 | $447.0M | $191.9M | ||
| Q1 25 | $398.1M | $231.2M | ||
| Q4 24 | $1.3B | $165.8M | ||
| Q3 24 | $1.4B | $161.2M | ||
| Q2 24 | $685.4M | $130.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | $1.4B | ||
| 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 | $3.2B | ||
| Q3 25 | $26.0B | $3.2B | ||
| Q2 25 | $25.6B | $3.2B | ||
| Q1 25 | $25.4B | $3.1B | ||
| Q4 24 | $26.1B | $2.9B | ||
| Q3 24 | $26.4B | $3.0B | ||
| Q2 24 | $25.5B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× |
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 | — | $78.9M |
| Free Cash FlowOCF − Capex | — | $64.3M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | 1.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $78.9M | ||
| Q3 25 | $274.2M | $97.2M | ||
| Q2 25 | $353.1M | $112.2M | ||
| Q1 25 | $210.0M | $42.7M | ||
| Q4 24 | $383.7M | $106.6M | ||
| Q3 24 | $286.1M | $78.4M | ||
| Q2 24 | $367.1M | $192.9M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $64.3M | ||
| Q3 25 | $231.6M | $80.9M | ||
| Q2 25 | $281.5M | $99.5M | ||
| Q1 25 | $152.6M | $33.7M | ||
| Q4 24 | $312.5M | $95.7M | ||
| Q3 24 | $234.5M | $68.3M | ||
| Q2 24 | $332.4M | $180.2M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 6.9% | ||
| Q3 25 | 26.6% | 7.8% | ||
| Q2 25 | 32.4% | 9.0% | ||
| Q1 25 | 17.6% | 3.2% | ||
| Q4 24 | 36.4% | 11.9% | ||
| Q3 24 | 27.3% | 7.5% | ||
| Q2 24 | 39.1% | 17.1% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.6% | ||
| Q3 25 | 4.9% | 1.6% | ||
| Q2 25 | 8.2% | 1.2% | ||
| Q1 25 | 6.6% | 0.9% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 1.1% | ||
| Q2 24 | 4.1% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 3.97× | 1.95× | ||
| Q1 25 | 3.43× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 3.42× | 2.20× | ||
| Q2 24 | 4.61× | 3.15× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
