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Side-by-side financial comparison of BXP, Inc. (BXP) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $872.1M, roughly 1.8× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 13.2%, a 2.1% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 0.8%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
BXP vs MCY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.5B |
| Net Profit | $133.0M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | — | 16.2% |
| Net Margin | 15.3% | 13.2% |
| Revenue YoY | 0.8% | 12.4% |
| Net Profit YoY | 53.0% | 100.4% |
| EPS (diluted) | $1.69 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.3B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $202.5M | ||
| Q3 25 | $-121.7M | $280.4M | ||
| Q2 25 | $89.0M | $166.5M | ||
| Q1 25 | $61.2M | $-108.3M | ||
| Q4 24 | $-228.9M | $101.1M | ||
| Q3 24 | $83.6M | $230.9M | ||
| Q2 24 | $79.6M | $62.6M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 99.7% | ||
| Q3 25 | 59.3% | 99.8% | ||
| Q2 25 | 59.2% | 99.8% | ||
| Q1 25 | 59.2% | 99.7% | ||
| Q4 24 | 59.7% | 99.7% | ||
| Q3 24 | 59.5% | 99.8% | ||
| Q2 24 | 59.8% | 99.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | -10.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 5.8% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 13.2% | ||
| Q3 25 | -14.0% | 17.7% | ||
| Q2 25 | 10.2% | 11.3% | ||
| Q1 25 | 7.1% | -7.8% | ||
| Q4 24 | -26.7% | 7.4% | ||
| Q3 24 | 9.7% | 15.1% | ||
| Q2 24 | 9.4% | 4.8% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.66 | ||
| Q3 25 | $-0.77 | $5.06 | ||
| Q2 25 | $0.56 | $3.01 | ||
| Q1 25 | $0.39 | $-1.96 | ||
| Q4 24 | $-1.46 | $1.82 | ||
| Q3 24 | $0.53 | $4.17 | ||
| Q2 24 | $0.51 | $1.13 |
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 | — | $575.0M |
| Stockholders' EquityBook value | $7.7B | $2.4B |
| Total Assets | $25.1B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
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 | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $5.3B | $2.0B | ||
| Q1 25 | $5.3B | $1.8B | ||
| Q4 24 | $5.4B | $1.9B | ||
| Q3 24 | $5.8B | $1.9B | ||
| Q2 24 | $5.8B | $1.6B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $9.6B | ||
| Q3 25 | $26.0B | $9.4B | ||
| Q2 25 | $25.6B | $9.1B | ||
| Q1 25 | $25.4B | $9.0B | ||
| Q4 24 | $26.1B | $8.3B | ||
| Q3 24 | $26.4B | $8.2B | ||
| Q2 24 | $25.5B | $7.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | 1.5% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $287.9M | ||
| Q3 25 | $274.2M | $496.4M | ||
| Q2 25 | $353.1M | $371.6M | ||
| Q1 25 | $210.0M | $-68.7M | ||
| Q4 24 | $383.7M | $248.3M | ||
| Q3 24 | $286.1M | $318.1M | ||
| Q2 24 | $367.1M | $278.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $273.9M | ||
| Q3 25 | $231.6M | $479.5M | ||
| Q2 25 | $281.5M | $357.2M | ||
| Q1 25 | $152.6M | $-81.9M | ||
| Q4 24 | $312.5M | $236.0M | ||
| Q3 24 | $234.5M | $306.2M | ||
| Q2 24 | $332.4M | $266.5M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 17.8% | ||
| Q3 25 | 26.6% | 30.3% | ||
| Q2 25 | 32.4% | 24.2% | ||
| Q1 25 | 17.6% | -5.9% | ||
| Q4 24 | 36.4% | 17.3% | ||
| Q3 24 | 27.3% | 20.0% | ||
| Q2 24 | 39.1% | 20.4% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.9% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 6.6% | 0.9% | ||
| Q4 24 | 8.3% | 0.9% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 4.1% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.42× | ||
| Q3 25 | — | 1.77× | ||
| Q2 25 | 3.97× | 2.23× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | 3.42× | 1.38× | ||
| Q2 24 | 4.61× | 4.44× |
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% |
MCY
Segment breakdown not available.
