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Side-by-side financial comparison of BXP, Inc. (BXP) and Rithm Capital Corp. (RITM). Click either name above to swap in a different company.

BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $828.2M, roughly 1.1× Rithm Capital Corp.). BXP, Inc. runs the higher net margin — 15.3% vs 13.2%, a 2.0% gap on every dollar of revenue. On growth, Rithm Capital Corp. posted the faster year-over-year revenue change (508.5% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -17.9%).

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.

Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.

BXP vs RITM — Head-to-Head

Bigger by revenue
BXP
BXP
1.1× larger
BXP
$872.1M
$828.2M
RITM
Growing faster (revenue YoY)
RITM
RITM
+507.7% gap
RITM
508.5%
0.8%
BXP
Higher net margin
BXP
BXP
2.0% more per $
BXP
15.3%
13.2%
RITM
Faster 2-yr revenue CAGR
BXP
BXP
Annualised
BXP
1.3%
-17.9%
RITM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BXP
BXP
RITM
RITM
Revenue
$872.1M
$828.2M
Net Profit
$133.0M
$109.5M
Gross Margin
Operating Margin
29.9%
Net Margin
15.3%
13.2%
Revenue YoY
0.8%
508.5%
Net Profit YoY
53.0%
27.7%
EPS (diluted)
$1.69
$0.12

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
RITM
RITM
Q1 26
$872.1M
$828.2M
Q4 25
$877.1M
$1.5B
Q3 25
$871.5M
$1.1B
Q2 25
$868.5M
$1.2B
Q1 25
$865.2M
$768.4M
Q4 24
$858.6M
$2.1B
Q3 24
$859.2M
$619.5M
Q2 24
$850.5M
$1.2B
Net Profit
BXP
BXP
RITM
RITM
Q1 26
$133.0M
$109.5M
Q4 25
$248.4M
$85.0M
Q3 25
$-121.7M
$221.5M
Q2 25
$89.0M
$311.7M
Q1 25
$61.2M
$78.8M
Q4 24
$-228.9M
$290.2M
Q3 24
$83.6M
$121.7M
Q2 24
$79.6M
$235.6M
Gross Margin
BXP
BXP
RITM
RITM
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%
Operating Margin
BXP
BXP
RITM
RITM
Q1 26
29.9%
Q4 25
13.8%
Q3 25
21.4%
Q2 25
25.2%
Q1 25
7.4%
Q4 24
23.8%
Q3 24
7.3%
Q2 24
23.6%
Net Margin
BXP
BXP
RITM
RITM
Q1 26
15.3%
13.2%
Q4 25
28.3%
5.7%
Q3 25
-14.0%
20.0%
Q2 25
10.2%
25.6%
Q1 25
7.1%
10.3%
Q4 24
-26.7%
14.0%
Q3 24
9.7%
19.7%
Q2 24
9.4%
19.2%
EPS (diluted)
BXP
BXP
RITM
RITM
Q1 26
$1.69
$0.12
Q4 25
$1.56
$0.09
Q3 25
$-0.77
$0.35
Q2 25
$0.56
$0.53
Q1 25
$0.39
$0.07
Q4 24
$-1.46
$0.50
Q3 24
$0.53
$0.20
Q2 24
$0.51
$0.43

Balance Sheet & Financial Strength

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

Metric
BXP
BXP
RITM
RITM
Cash + ST InvestmentsLiquidity on hand
$512.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7B
$9.1B
Total Assets
$25.1B
$53.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
RITM
RITM
Q1 26
$512.8M
Q4 25
$1.5B
$1.8B
Q3 25
$861.1M
$1.6B
Q2 25
$447.0M
$1.6B
Q1 25
$398.1M
$1.5B
Q4 24
$1.3B
$1.5B
Q3 24
$1.4B
$1.6B
Q2 24
$685.4M
$1.2B
Total Debt
BXP
BXP
RITM
RITM
Q1 26
Q4 25
$35.4B
Q3 25
$32.2B
Q2 25
$31.2B
Q1 25
$32.2B
Q4 24
$32.6B
Q3 24
$29.6B
Q2 24
$30.1B
Stockholders' Equity
BXP
BXP
RITM
RITM
Q1 26
$7.7B
$9.1B
Q4 25
$5.1B
$8.4B
Q3 25
$5.0B
$8.5B
Q2 25
$5.3B
$7.9B
Q1 25
$5.3B
$7.8B
Q4 24
$5.4B
$7.8B
Q3 24
$5.8B
$7.7B
Q2 24
$5.8B
$7.3B
Total Assets
BXP
BXP
RITM
RITM
Q1 26
$25.1B
$53.4B
Q4 25
$26.2B
$53.1B
Q3 25
$26.0B
$47.2B
Q2 25
$25.6B
$44.3B
Q1 25
$25.4B
$45.3B
Q4 24
$26.1B
$46.0B
Q3 24
$26.4B
$42.3B
Q2 24
$25.5B
$42.0B
Debt / Equity
BXP
BXP
RITM
RITM
Q1 26
Q4 25
4.20×
Q3 25
3.79×
Q2 25
3.92×
Q1 25
4.14×
Q4 24
4.18×
Q3 24
3.87×
Q2 24
4.10×

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%

RITM
RITM

Servicing revenue, net$375.1M45%
Other$234.9M28%
Gain on originated residential mortgage loans, held-for-sale, net$195.0M24%
Other revenue$23.3M3%

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