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Side-by-side financial comparison of BXP, Inc. (BXP) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $872.1M, roughly 1.0× BXP, Inc.). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 0.8%). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% 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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
BXP vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $889.0M |
| Net Profit | $133.0M | — |
| Gross Margin | — | 21.7% |
| Operating Margin | — | 7.8% |
| Net Margin | 15.3% | — |
| Revenue YoY | 0.8% | 6.7% |
| Net Profit YoY | 53.0% | — |
| EPS (diluted) | $1.69 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $871.5M | $908.0M | ||
| Q2 25 | $868.5M | $890.0M | ||
| Q1 25 | $865.2M | $796.0M | ||
| Q4 24 | $858.6M | $833.0M | ||
| Q3 24 | $859.2M | $839.0M | ||
| Q2 24 | $850.5M | $868.0M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $13.0M | ||
| Q2 25 | $89.0M | $46.0M | ||
| Q1 25 | $61.2M | $26.0M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $31.0M | ||
| Q2 24 | $79.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 21.7% | ||
| Q3 25 | 59.3% | 22.0% | ||
| Q2 25 | 59.2% | 22.1% | ||
| Q1 25 | 59.2% | 21.6% | ||
| Q4 24 | 59.7% | 22.7% | ||
| Q3 24 | 59.5% | 22.3% | ||
| Q2 24 | 59.8% | 21.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 8.2% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 1.4% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 7.1% | 3.3% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 3.7% | ||
| Q2 24 | 9.4% | 1.6% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.14 | ||
| Q3 25 | $-0.77 | $0.33 | ||
| Q2 25 | $0.56 | $1.14 | ||
| Q1 25 | $0.39 | $0.63 | ||
| Q4 24 | $-1.46 | $0.13 | ||
| Q3 24 | $0.53 | $0.70 | ||
| Q2 24 | $0.51 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $7.7B | $1.6B |
| Total Assets | $25.1B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $359.0M | ||
| Q3 25 | $861.1M | $349.0M | ||
| Q2 25 | $447.0M | $347.0M | ||
| Q1 25 | $398.1M | $373.0M | ||
| Q4 24 | $1.3B | $484.0M | ||
| Q3 24 | $1.4B | $477.0M | ||
| Q2 24 | $685.4M | $339.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.7B | ||
| Q2 24 | $5.8B | $1.7B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.8B | ||
| Q3 25 | $26.0B | $4.0B | ||
| Q2 25 | $25.6B | $3.9B | ||
| Q1 25 | $25.4B | $3.7B | ||
| Q4 24 | $26.1B | $3.8B | ||
| Q3 24 | $26.4B | $4.0B | ||
| Q2 24 | $25.5B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× |
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 | — | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | 1.5% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $96.0M | ||
| Q3 25 | $274.2M | $119.0M | ||
| Q2 25 | $353.1M | $57.0M | ||
| Q1 25 | $210.0M | $40.0M | ||
| Q4 24 | $383.7M | $73.0M | ||
| Q3 24 | $286.1M | $95.0M | ||
| Q2 24 | $367.1M | $109.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $67.0M | ||
| Q3 25 | $231.6M | $93.0M | ||
| Q2 25 | $281.5M | $23.0M | ||
| Q1 25 | $152.6M | $5.0M | ||
| Q4 24 | $312.5M | $53.0M | ||
| Q3 24 | $234.5M | $70.0M | ||
| Q2 24 | $332.4M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 7.5% | ||
| Q3 25 | 26.6% | 10.2% | ||
| Q2 25 | 32.4% | 2.6% | ||
| Q1 25 | 17.6% | 0.6% | ||
| Q4 24 | 36.4% | 6.4% | ||
| Q3 24 | 27.3% | 8.3% | ||
| Q2 24 | 39.1% | 10.6% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.3% | ||
| Q3 25 | 4.9% | 2.9% | ||
| Q2 25 | 8.2% | 3.8% | ||
| Q1 25 | 6.6% | 4.4% | ||
| Q4 24 | 8.3% | 2.4% | ||
| Q3 24 | 6.0% | 3.0% | ||
| Q2 24 | 4.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 9.15× | ||
| Q2 25 | 3.97× | 1.24× | ||
| Q1 25 | 3.43× | 1.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 3.06× | ||
| Q2 24 | 4.61× | 7.79× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
