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Side-by-side financial comparison of BXP, Inc. (BXP) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $531.4M, roughly 1.6× PJT Partners Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 10.0%, a 5.2% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 0.8%). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
BXP vs PJT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $531.4M |
| Net Profit | $133.0M | $53.4M |
| Gross Margin | — | — |
| Operating Margin | — | 23.1% |
| Net Margin | 15.3% | 10.0% |
| Revenue YoY | 0.8% | 12.9% |
| Net Profit YoY | 53.0% | 4.0% |
| EPS (diluted) | $1.69 | — |
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 | $531.4M | ||
| Q3 25 | $871.5M | $442.3M | ||
| Q2 25 | $868.5M | $401.1M | ||
| Q1 25 | $865.2M | $321.9M | ||
| Q4 24 | $858.6M | $470.5M | ||
| Q3 24 | $859.2M | $320.3M | ||
| Q2 24 | $850.5M | $358.1M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $53.4M | ||
| Q3 25 | $-121.7M | $39.8M | ||
| Q2 25 | $89.0M | $32.9M | ||
| Q1 25 | $61.2M | $54.0M | ||
| Q4 24 | $-228.9M | $51.3M | ||
| Q3 24 | $83.6M | $22.1M | ||
| Q2 24 | $79.6M | $28.3M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 10.0% | ||
| Q3 25 | -14.0% | 9.0% | ||
| Q2 25 | 10.2% | 8.2% | ||
| Q1 25 | 7.1% | 16.8% | ||
| Q4 24 | -26.7% | 10.9% | ||
| Q3 24 | 9.7% | 6.9% | ||
| Q2 24 | 9.4% | 7.9% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $308.2M |
| Total Assets | $25.1B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $538.9M | ||
| Q3 25 | $861.1M | $400.5M | ||
| Q2 25 | $447.0M | $214.6M | ||
| Q1 25 | $398.1M | $194.3M | ||
| Q4 24 | $1.3B | $483.9M | ||
| Q3 24 | $1.4B | $148.8M | ||
| Q2 24 | $685.4M | $164.2M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $308.2M | ||
| Q3 25 | $5.0B | $228.6M | ||
| Q2 25 | $5.3B | $167.4M | ||
| Q1 25 | $5.3B | $148.8M | ||
| Q4 24 | $5.4B | $187.0M | ||
| Q3 24 | $5.8B | $159.1M | ||
| Q2 24 | $5.8B | $133.8M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $1.8B | ||
| Q3 25 | $26.0B | $1.7B | ||
| Q2 25 | $25.6B | $1.5B | ||
| Q1 25 | $25.4B | $1.4B | ||
| Q4 24 | $26.1B | $1.6B | ||
| Q3 24 | $26.4B | $1.6B | ||
| Q2 24 | $25.5B | $1.4B |
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 | — | $155.7M |
| Free Cash FlowOCF − Capex | — | $138.6M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | 1.5% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $155.7M | ||
| Q3 25 | $274.2M | $256.1M | ||
| Q2 25 | $353.1M | $190.4M | ||
| Q1 25 | $210.0M | $-75.9M | ||
| Q4 24 | $383.7M | $195.7M | ||
| Q3 24 | $286.1M | $180.5M | ||
| Q2 24 | $367.1M | $193.6M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $138.6M | ||
| Q3 25 | $231.6M | $240.9M | ||
| Q2 25 | $281.5M | $178.9M | ||
| Q1 25 | $152.6M | $-77.9M | ||
| Q4 24 | $312.5M | $195.3M | ||
| Q3 24 | $234.5M | $178.5M | ||
| Q2 24 | $332.4M | $193.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 26.1% | ||
| Q3 25 | 26.6% | 54.5% | ||
| Q2 25 | 32.4% | 44.6% | ||
| Q1 25 | 17.6% | -24.2% | ||
| Q4 24 | 36.4% | 41.5% | ||
| Q3 24 | 27.3% | 55.7% | ||
| Q2 24 | 39.1% | 53.9% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.2% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 8.2% | 2.9% | ||
| Q1 25 | 6.6% | 0.6% | ||
| Q4 24 | 8.3% | 0.1% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 4.1% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.92× | ||
| Q3 25 | — | 6.43× | ||
| Q2 25 | 3.97× | 5.79× | ||
| Q1 25 | 3.43× | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | 3.42× | 8.15× | ||
| Q2 24 | 4.61× | 6.84× |
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% |
PJT
Segment breakdown not available.
