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Side-by-side financial comparison of BXP, Inc. (BXP) and INSPERITY, INC. (NSP). Click either name above to swap in a different company.
INSPERITY, INC. is the larger business by last-quarter revenue ($1.7B vs $872.1M, roughly 1.9× BXP, Inc.). On growth, INSPERITY, INC. posted the faster year-over-year revenue change (3.4% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -3.8%).
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.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
BXP vs NSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.7B |
| Net Profit | $133.0M | — |
| Gross Margin | — | 10.3% |
| Operating Margin | — | -2.8% |
| Net Margin | 15.3% | — |
| Revenue YoY | 0.8% | 3.4% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | $-0.87 |
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 | $1.7B | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.7B | ||
| Q1 25 | $865.2M | $1.9B | ||
| Q4 24 | $858.6M | $1.6B | ||
| Q3 24 | $859.2M | $1.6B | ||
| Q2 24 | $850.5M | $1.6B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $-20.0M | ||
| Q2 25 | $89.0M | $-5.0M | ||
| Q1 25 | $61.2M | $51.0M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $3.0M | ||
| Q2 24 | $79.6M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 10.3% | ||
| Q3 25 | 59.3% | 12.0% | ||
| Q2 25 | 59.2% | 13.4% | ||
| Q1 25 | 59.2% | 16.6% | ||
| Q4 24 | 59.7% | 13.5% | ||
| Q3 24 | 59.5% | 14.7% | ||
| Q2 24 | 59.8% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.8% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -0.4% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | -0.9% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 1.4% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | -1.2% | ||
| Q2 25 | 10.2% | -0.3% | ||
| Q1 25 | 7.1% | 2.7% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 0.2% | ||
| Q2 24 | 9.4% | 1.1% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.87 | ||
| Q3 25 | $-0.77 | $-0.53 | ||
| Q2 25 | $0.56 | $-0.14 | ||
| Q1 25 | $0.39 | $1.35 | ||
| Q4 24 | $-1.46 | $-0.21 | ||
| Q3 24 | $0.53 | $0.07 | ||
| Q2 24 | $0.51 | $0.48 |
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 | $682.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $46.0M |
| Total Assets | $25.1B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $682.0M | ||
| Q3 25 | $861.1M | $521.0M | ||
| Q2 25 | $447.0M | $511.0M | ||
| Q1 25 | $398.1M | $684.0M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $596.0M | ||
| Q2 24 | $685.4M | $850.0M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $46.0M | ||
| Q3 25 | $5.0B | $87.0M | ||
| Q2 25 | $5.3B | $112.0M | ||
| Q1 25 | $5.3B | $119.0M | ||
| Q4 24 | $5.4B | $97.0M | ||
| Q3 24 | $5.8B | $125.0M | ||
| Q2 24 | $5.8B | $142.0M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.2B | ||
| Q3 25 | $26.0B | $2.0B | ||
| Q2 25 | $25.6B | $2.0B | ||
| Q1 25 | $25.4B | $2.1B | ||
| Q4 24 | $26.1B | $2.6B | ||
| Q3 24 | $26.4B | $1.9B | ||
| Q2 24 | $25.5B | $2.1B |
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 | — | $255.0M |
| Free Cash FlowOCF − Capex | — | $246.0M |
| FCF MarginFCF / Revenue | — | 14.7% |
| Capex IntensityCapex / Revenue | 1.5% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $255.0M | ||
| Q3 25 | $274.2M | $-11.0M | ||
| Q2 25 | $353.1M | $-79.0M | ||
| Q1 25 | $210.0M | $-443.0M | ||
| Q4 24 | $383.7M | $619.0M | ||
| Q3 24 | $286.1M | $-150.0M | ||
| Q2 24 | $367.1M | $20.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $246.0M | ||
| Q3 25 | $231.6M | $-20.0M | ||
| Q2 25 | $281.5M | $-86.0M | ||
| Q1 25 | $152.6M | $-449.0M | ||
| Q4 24 | $312.5M | $606.0M | ||
| Q3 24 | $234.5M | $-164.0M | ||
| Q2 24 | $332.4M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 14.7% | ||
| Q3 25 | 26.6% | -1.2% | ||
| Q2 25 | 32.4% | -5.2% | ||
| Q1 25 | 17.6% | -24.1% | ||
| Q4 24 | 36.4% | 37.6% | ||
| Q3 24 | 27.3% | -10.5% | ||
| Q2 24 | 39.1% | 0.9% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.5% | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 0.4% | ||
| Q1 25 | 6.6% | 0.3% | ||
| Q4 24 | 8.3% | 0.8% | ||
| Q3 24 | 6.0% | 0.9% | ||
| Q2 24 | 4.1% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | -8.69× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | -50.00× | ||
| Q2 24 | 4.61× | 1.11× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
