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Side-by-side financial comparison of BXP, Inc. (BXP) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $872.1M, roughly 1.4× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs -24.2%, a 39.5% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 0.8%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
BXP vs SNOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.2B |
| Net Profit | $133.0M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | — | -27.2% |
| Net Margin | 15.3% | -24.2% |
| Revenue YoY | 0.8% | 28.7% |
| Net Profit YoY | 53.0% | 9.4% |
| 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 | $1.2B | ||
| Q3 25 | $871.5M | $1.1B | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $986.8M | ||
| Q4 24 | $858.6M | $942.1M | ||
| Q3 24 | $859.2M | $868.8M | ||
| Q2 24 | $850.5M | $828.7M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-294.0M | ||
| Q3 25 | $-121.7M | $-298.0M | ||
| Q2 25 | $89.0M | $-430.1M | ||
| Q1 25 | $61.2M | $-327.5M | ||
| Q4 24 | $-228.9M | $-324.3M | ||
| Q3 24 | $83.6M | $-316.9M | ||
| Q2 24 | $79.6M | $-317.0M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 67.8% | ||
| Q3 25 | 59.3% | 67.5% | ||
| Q2 25 | 59.2% | 66.5% | ||
| Q1 25 | 59.2% | 66.2% | ||
| Q4 24 | 59.7% | 65.9% | ||
| Q3 24 | 59.5% | 66.8% | ||
| Q2 24 | 59.8% | 67.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -27.2% | ||
| Q3 25 | — | -29.7% | ||
| Q2 25 | — | -42.9% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | — | -38.8% | ||
| Q3 24 | — | -40.9% | ||
| Q2 24 | — | -42.1% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -24.2% | ||
| Q3 25 | -14.0% | -26.0% | ||
| Q2 25 | 10.2% | -41.3% | ||
| Q1 25 | 7.1% | -33.2% | ||
| Q4 24 | -26.7% | -34.4% | ||
| Q3 24 | 9.7% | -36.5% | ||
| Q2 24 | 9.4% | -38.3% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.87 | ||
| Q3 25 | $-0.77 | $-0.89 | ||
| Q2 25 | $0.56 | $-1.29 | ||
| Q1 25 | $0.39 | $-0.98 | ||
| Q4 24 | $-1.46 | $-0.98 | ||
| Q3 24 | $0.53 | $-0.95 | ||
| Q2 24 | $0.51 | $-0.95 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $2.1B |
| Total Assets | $25.1B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $861.1M | $1.9B | ||
| Q2 25 | $447.0M | $2.2B | ||
| Q1 25 | $398.1M | $2.6B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $685.4M | $1.3B |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.3B | $2.4B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $5.4B | $2.9B | ||
| Q3 24 | $5.8B | $4.1B | ||
| Q2 24 | $5.8B | $4.6B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.2B | ||
| Q3 25 | $26.0B | $8.2B | ||
| Q2 25 | $25.6B | $8.2B | ||
| Q1 25 | $25.4B | $9.0B | ||
| Q4 24 | $26.1B | $8.2B | ||
| Q3 24 | $26.4B | $6.9B | ||
| Q2 24 | $25.5B | $7.3B |
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 | — | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | 1.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $137.5M | ||
| Q3 25 | $274.2M | $74.9M | ||
| Q2 25 | $353.1M | $228.4M | ||
| Q1 25 | $210.0M | $432.7M | ||
| Q4 24 | $383.7M | $101.7M | ||
| Q3 24 | $286.1M | $69.9M | ||
| Q2 24 | $367.1M | $355.5M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $113.6M | ||
| Q3 25 | $231.6M | $58.2M | ||
| Q2 25 | $281.5M | $183.4M | ||
| Q1 25 | $152.6M | $421.4M | ||
| Q4 24 | $312.5M | $88.3M | ||
| Q3 24 | $234.5M | $64.8M | ||
| Q2 24 | $332.4M | $338.9M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 9.4% | ||
| Q3 25 | 26.6% | 5.1% | ||
| Q2 25 | 32.4% | 17.6% | ||
| Q1 25 | 17.6% | 42.7% | ||
| Q4 24 | 36.4% | 9.4% | ||
| Q3 24 | 27.3% | 7.5% | ||
| Q2 24 | 39.1% | 40.9% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 4.9% | 1.5% | ||
| Q2 25 | 8.2% | 4.3% | ||
| Q1 25 | 6.6% | 1.1% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 4.1% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — |
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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
