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Side-by-side financial comparison of BXP, Inc. (BXP) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $872.1M, roughly 1.6× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -7.3%, a 22.5% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs 0.8%).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
BXP vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.4B |
| Net Profit | $133.0M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | — | 2.5% |
| Net Margin | 15.3% | -7.3% |
| Revenue YoY | 0.8% | 3.1% |
| Net Profit YoY | 53.0% | 79.4% |
| 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 | — | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.4B | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $1.3B | ||
| Q3 24 | $859.2M | $1.3B | ||
| Q2 24 | $850.5M | $1.3B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $-100.0M | ||
| Q2 25 | $89.0M | $-6.0M | ||
| Q1 25 | $61.2M | $0 | ||
| Q4 24 | $-228.9M | $-71.0M | ||
| Q3 24 | $83.6M | $-485.0M | ||
| Q2 24 | $79.6M | $-68.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 32.3% | ||
| Q2 25 | 59.2% | 31.9% | ||
| Q1 25 | 59.2% | 32.2% | ||
| Q4 24 | 59.7% | 32.3% | ||
| Q3 24 | 59.5% | 32.8% | ||
| Q2 24 | 59.8% | 33.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | -7.3% | ||
| Q2 25 | 10.2% | -0.4% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | -5.3% | ||
| Q3 24 | 9.7% | -36.3% | ||
| Q2 24 | 9.4% | -5.1% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $-0.44 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.39 | $0.01 | ||
| Q4 24 | $-1.46 | $-0.52 | ||
| Q3 24 | $0.53 | $-2.44 | ||
| Q2 24 | $0.51 | $-0.46 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $8.4B |
| Total Assets | $25.1B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $173.0M | ||
| Q3 24 | $1.4B | $409.0M | ||
| Q2 24 | $685.4M | $73.0M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $8.4B | ||
| Q2 25 | $5.3B | $8.6B | ||
| Q1 25 | $5.3B | $8.6B | ||
| Q4 24 | $5.4B | $8.6B | ||
| Q3 24 | $5.8B | $9.0B | ||
| Q2 24 | $5.8B | $4.9B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $19.2B | ||
| Q2 25 | $25.6B | $19.4B | ||
| Q1 25 | $25.4B | $18.8B | ||
| Q4 24 | $26.1B | $18.7B | ||
| Q3 24 | $26.4B | $19.3B | ||
| Q2 24 | $25.5B | $18.8B |
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 | — | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | 1.5% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $230.0M | ||
| Q2 25 | $353.1M | $258.0M | ||
| Q1 25 | $210.0M | $139.0M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | $186.0M | ||
| Q2 24 | $367.1M | $155.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $35.0M | ||
| Q2 25 | $281.5M | $95.0M | ||
| Q1 25 | $152.6M | $-12.0M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $33.0M | ||
| Q2 24 | $332.4M | $-31.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 2.5% | ||
| Q2 25 | 32.4% | 7.0% | ||
| Q1 25 | 17.6% | -0.9% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | 2.5% | ||
| Q2 24 | 39.1% | -2.3% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 14.2% | ||
| Q2 25 | 8.2% | 12.1% | ||
| Q1 25 | 6.6% | 11.7% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 11.5% | ||
| Q2 24 | 4.1% | 13.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| 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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
