vs
Side-by-side financial comparison of BXP, Inc. (BXP) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $872.1M, roughly 1.6× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 3.1%, a 12.1% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs 0.8%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
BXP vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.4B |
| Net Profit | $133.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | — | 11.4% |
| Net Margin | 15.3% | 3.1% |
| Revenue YoY | 0.8% | 2.6% |
| Net Profit YoY | 53.0% | 700.0% |
| EPS (diluted) | $1.69 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $871.5M | $1.3B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.3B | ||
| Q2 24 | $850.5M | $1.3B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $43.8M | ||
| Q3 25 | $-121.7M | $255.1M | ||
| Q2 25 | $89.0M | $93.1M | ||
| Q1 25 | $61.2M | $113.5M | ||
| Q4 24 | $-228.9M | $-7.3M | ||
| Q3 24 | $83.6M | $91.7M | ||
| Q2 24 | $79.6M | $98.3M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 28.6% | ||
| Q3 25 | 59.3% | 29.8% | ||
| Q2 25 | 59.2% | 30.7% | ||
| Q1 25 | 59.2% | 30.9% | ||
| Q4 24 | 59.7% | 30.0% | ||
| Q3 24 | 59.5% | 30.1% | ||
| Q2 24 | 59.8% | 31.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 15.4% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 3.1% | ||
| Q3 25 | -14.0% | 19.0% | ||
| Q2 25 | 10.2% | 7.0% | ||
| Q1 25 | 7.1% | 9.0% | ||
| Q4 24 | -26.7% | -0.5% | ||
| Q3 24 | 9.7% | 6.9% | ||
| Q2 24 | 9.4% | 7.4% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.30 | ||
| Q3 25 | $-0.77 | $1.73 | ||
| Q2 25 | $0.56 | $0.63 | ||
| Q1 25 | $0.39 | $0.77 | ||
| Q4 24 | $-1.46 | $-0.05 | ||
| Q3 24 | $0.53 | $0.63 | ||
| Q2 24 | $0.51 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $7.7B | $1.2B |
| Total Assets | $25.1B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $344.0M | ||
| Q3 25 | $861.1M | $282.5M | ||
| Q2 25 | $447.0M | $354.4M | ||
| Q1 25 | $398.1M | $335.2M | ||
| Q4 24 | $1.3B | $371.8M | ||
| Q3 24 | $1.4B | $386.0M | ||
| Q2 24 | $685.4M | $388.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.3B | $953.1M | ||
| Q1 25 | $5.3B | $797.9M | ||
| Q4 24 | $5.4B | $624.5M | ||
| Q3 24 | $5.8B | $771.2M | ||
| Q2 24 | $5.8B | $650.1M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $7.0B | ||
| Q3 25 | $26.0B | $7.1B | ||
| Q2 25 | $25.6B | $7.2B | ||
| Q1 25 | $25.4B | $7.0B | ||
| Q4 24 | $26.1B | $7.0B | ||
| Q3 24 | $26.4B | $7.3B | ||
| Q2 24 | $25.5B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | 1.5% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $293.6M | ||
| Q3 25 | $274.2M | $165.9M | ||
| Q2 25 | $353.1M | $136.6M | ||
| Q1 25 | $210.0M | $31.9M | ||
| Q4 24 | $383.7M | $244.2M | ||
| Q3 24 | $286.1M | $170.5M | ||
| Q2 24 | $367.1M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $257.7M | ||
| Q3 25 | $231.6M | $119.6M | ||
| Q2 25 | $281.5M | $93.2M | ||
| Q1 25 | $152.6M | $-12.0M | ||
| Q4 24 | $312.5M | $185.1M | ||
| Q3 24 | $234.5M | $115.2M | ||
| Q2 24 | $332.4M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 18.5% | ||
| Q3 25 | 26.6% | 8.9% | ||
| Q2 25 | 32.4% | 7.0% | ||
| Q1 25 | 17.6% | -0.9% | ||
| Q4 24 | 36.4% | 13.6% | ||
| Q3 24 | 27.3% | 8.6% | ||
| Q2 24 | 39.1% | 9.7% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.6% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 8.2% | 3.3% | ||
| Q1 25 | 6.6% | 3.5% | ||
| Q4 24 | 8.3% | 4.4% | ||
| Q3 24 | 6.0% | 4.1% | ||
| Q2 24 | 4.1% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | 3.97× | 1.47× | ||
| Q1 25 | 3.43× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.86× | ||
| Q2 24 | 4.61× | 1.91× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
