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Side-by-side financial comparison of BXP, Inc. (BXP) and LA-Z-BOY INC (LZB). Click either name above to swap in a different company.

BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $541.6M, roughly 1.6× LA-Z-BOY INC). BXP, Inc. runs the higher net margin — 15.3% vs 4.0%, a 11.3% gap on every dollar of revenue. On growth, LA-Z-BOY INC posted the faster year-over-year revenue change (3.8% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -1.1%).

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.

La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, United States, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.

BXP vs LZB — Head-to-Head

Bigger by revenue
BXP
BXP
1.6× larger
BXP
$872.1M
$541.6M
LZB
Growing faster (revenue YoY)
LZB
LZB
+3.0% gap
LZB
3.8%
0.8%
BXP
Higher net margin
BXP
BXP
11.3% more per $
BXP
15.3%
4.0%
LZB
Faster 2-yr revenue CAGR
BXP
BXP
Annualised
BXP
1.3%
-1.1%
LZB

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
BXP
BXP
LZB
LZB
Revenue
$872.1M
$541.6M
Net Profit
$133.0M
$21.6M
Gross Margin
43.1%
Operating Margin
5.5%
Net Margin
15.3%
4.0%
Revenue YoY
0.8%
3.8%
Net Profit YoY
53.0%
-23.8%
EPS (diluted)
$1.69
$0.52

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.

Revenue
BXP
BXP
LZB
LZB
Q1 26
$872.1M
$541.6M
Q4 25
$877.1M
$522.5M
Q3 25
$871.5M
$492.2M
Q2 25
$868.5M
$570.9M
Q1 25
$865.2M
$521.8M
Q4 24
$858.6M
$521.0M
Q3 24
$859.2M
$495.5M
Q2 24
$850.5M
$553.5M
Net Profit
BXP
BXP
LZB
LZB
Q1 26
$133.0M
$21.6M
Q4 25
$248.4M
$28.9M
Q3 25
$-121.7M
$18.2M
Q2 25
$89.0M
$14.9M
Q1 25
$61.2M
$28.4M
Q4 24
$-228.9M
$30.0M
Q3 24
$83.6M
$26.2M
Q2 24
$79.6M
$39.3M
Gross Margin
BXP
BXP
LZB
LZB
Q1 26
43.1%
Q4 25
58.8%
44.2%
Q3 25
59.3%
42.5%
Q2 25
59.2%
44.0%
Q1 25
59.2%
44.3%
Q4 24
59.7%
44.3%
Q3 24
59.5%
43.1%
Q2 24
59.8%
43.4%
Operating Margin
BXP
BXP
LZB
LZB
Q1 26
5.5%
Q4 25
6.9%
Q3 25
4.5%
Q2 25
5.2%
Q1 25
6.7%
Q4 24
7.4%
Q3 24
6.5%
Q2 24
9.1%
Net Margin
BXP
BXP
LZB
LZB
Q1 26
15.3%
4.0%
Q4 25
28.3%
5.5%
Q3 25
-14.0%
3.7%
Q2 25
10.2%
2.6%
Q1 25
7.1%
5.4%
Q4 24
-26.7%
5.8%
Q3 24
9.7%
5.3%
Q2 24
9.4%
7.1%
EPS (diluted)
BXP
BXP
LZB
LZB
Q1 26
$1.69
$0.52
Q4 25
$1.56
$0.70
Q3 25
$-0.77
$0.44
Q2 25
$0.56
$0.35
Q1 25
$0.39
$0.68
Q4 24
$-1.46
$0.71
Q3 24
$0.53
$0.61
Q2 24
$0.51
$0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BXP
BXP
LZB
LZB
Cash + ST InvestmentsLiquidity on hand
$512.8M
$306.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7B
$1.0B
Total Assets
$25.1B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
LZB
LZB
Q1 26
$512.8M
$306.1M
Q4 25
$1.5B
$338.5M
Q3 25
$861.1M
$318.5M
Q2 25
$447.0M
$328.4M
Q1 25
$398.1M
$314.6M
Q4 24
$1.3B
$303.1M
Q3 24
$1.4B
$342.3M
Q2 24
$685.4M
$341.1M
Stockholders' Equity
BXP
BXP
LZB
LZB
Q1 26
$7.7B
$1.0B
Q4 25
$5.1B
$1.0B
Q3 25
$5.0B
$1.0B
Q2 25
$5.3B
$1.0B
Q1 25
$5.3B
$1.0B
Q4 24
$5.4B
$1.0B
Q3 24
$5.8B
$999.2M
Q2 24
$5.8B
$1.0B
Total Assets
BXP
BXP
LZB
LZB
Q1 26
$25.1B
$2.1B
Q4 25
$26.2B
$2.0B
Q3 25
$26.0B
$1.9B
Q2 25
$25.6B
$1.9B
Q1 25
$25.4B
$2.0B
Q4 24
$26.1B
$1.9B
Q3 24
$26.4B
$1.9B
Q2 24
$25.5B
$1.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BXP
BXP
LZB
LZB
Operating Cash FlowLast quarter
$89.4M
Free Cash FlowOCF − Capex
$71.6M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
1.5%
3.3%
Cash ConversionOCF / Net Profit
4.13×
TTM Free Cash FlowTrailing 4 quarters
$158.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXP
BXP
LZB
LZB
Q1 26
$89.4M
Q4 25
$407.8M
$50.0M
Q3 25
$274.2M
$36.3M
Q2 25
$353.1M
$62.0M
Q1 25
$210.0M
$57.0M
Q4 24
$383.7M
$15.9M
Q3 24
$286.1M
$52.3M
Q2 24
$367.1M
$52.8M
Free Cash Flow
BXP
BXP
LZB
LZB
Q1 26
$71.6M
Q4 25
$362.7M
$29.6M
Q3 25
$231.6M
$17.8M
Q2 25
$281.5M
$39.3M
Q1 25
$152.6M
$38.2M
Q4 24
$312.5M
$-1.2M
Q3 24
$234.5M
$36.7M
Q2 24
$332.4M
$37.3M
FCF Margin
BXP
BXP
LZB
LZB
Q1 26
13.2%
Q4 25
41.4%
5.7%
Q3 25
26.6%
3.6%
Q2 25
32.4%
6.9%
Q1 25
17.6%
7.3%
Q4 24
36.4%
-0.2%
Q3 24
27.3%
7.4%
Q2 24
39.1%
6.7%
Capex Intensity
BXP
BXP
LZB
LZB
Q1 26
1.5%
3.3%
Q4 25
5.1%
3.9%
Q3 25
4.9%
3.8%
Q2 25
8.2%
4.0%
Q1 25
6.6%
3.6%
Q4 24
8.3%
3.3%
Q3 24
6.0%
3.2%
Q2 24
4.1%
2.8%
Cash Conversion
BXP
BXP
LZB
LZB
Q1 26
4.13×
Q4 25
1.64×
1.73×
Q3 25
1.99×
Q2 25
3.97×
4.15×
Q1 25
3.43×
2.01×
Q4 24
0.53×
Q3 24
3.42×
2.00×
Q2 24
4.61×
1.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BXP
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

LZB
LZB

Stationary Upholstery Furniture$286.2M53%
Retail Segment$251.9M47%

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