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Side-by-side financial comparison of BXP, Inc. (BXP) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $720.0M, roughly 1.2× NCR Voyix Corp). BXP, Inc. runs the higher net margin — 15.3% vs 13.6%, a 1.6% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs 0.7%).
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.
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
BXP vs VYX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $720.0M |
| Net Profit | $133.0M | $98.0M |
| Gross Margin | — | — |
| Operating Margin | — | 2.4% |
| Net Margin | 15.3% | 13.6% |
| Revenue YoY | 0.8% | 6.2% |
| Net Profit YoY | 53.0% | 990.9% |
| EPS (diluted) | $1.69 | $0.64 |
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 | $720.0M | ||
| Q3 25 | $871.5M | $684.0M | ||
| Q2 25 | $868.5M | $666.0M | ||
| Q1 25 | $865.2M | $617.0M | ||
| Q4 24 | $858.6M | $678.0M | ||
| Q3 24 | $859.2M | $708.0M | ||
| Q2 24 | $850.5M | $722.0M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $98.0M | ||
| Q3 25 | $-121.7M | $-19.0M | ||
| Q2 25 | $89.0M | $0 | ||
| Q1 25 | $61.2M | $-17.0M | ||
| Q4 24 | $-228.9M | $-11.0M | ||
| Q3 24 | $83.6M | $1.1B | ||
| Q2 24 | $79.6M | $-73.0M |
| 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% | 23.4% | ||
| Q2 24 | 59.8% | 17.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | -4.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 13.6% | ||
| Q3 25 | -14.0% | -2.8% | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 7.1% | -2.8% | ||
| Q4 24 | -26.7% | -1.6% | ||
| Q3 24 | 9.7% | 152.8% | ||
| Q2 24 | 9.4% | -10.1% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.64 | ||
| Q3 25 | $-0.77 | $-0.16 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.39 | $-0.15 | ||
| Q4 24 | $-1.46 | $-0.05 | ||
| Q3 24 | $0.53 | $7.41 | ||
| Q2 24 | $0.51 | $-0.53 |
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 | $231.0M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $7.7B | $948.0M |
| Total Assets | $25.1B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.17× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $231.0M | ||
| Q3 25 | $861.1M | $282.0M | ||
| Q2 25 | $447.0M | $276.0M | ||
| Q1 25 | $398.1M | $573.0M | ||
| Q4 24 | $1.3B | $722.0M | ||
| Q3 24 | $1.4B | $792.0M | ||
| Q2 24 | $685.4M | $203.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $948.0M | ||
| Q3 25 | $5.0B | $848.0M | ||
| Q2 25 | $5.3B | $867.0M | ||
| Q1 25 | $5.3B | $857.0M | ||
| Q4 24 | $5.4B | $933.0M | ||
| Q3 24 | $5.8B | $1.0B | ||
| Q2 24 | $5.8B | $-85.0M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.9B | ||
| Q3 25 | $26.0B | $4.0B | ||
| Q2 25 | $25.6B | $4.0B | ||
| Q1 25 | $25.4B | $4.3B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.4B | $4.7B | ||
| Q2 24 | $25.5B | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $60.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | — | 0.61× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $60.0M | ||
| Q3 25 | $274.2M | $14.0M | ||
| Q2 25 | $353.1M | $-242.0M | ||
| Q1 25 | $210.0M | $-42.0M | ||
| Q4 24 | $383.7M | $-170.0M | ||
| Q3 24 | $286.1M | $11.0M | ||
| Q2 24 | $367.1M | $62.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $10.0M | ||
| Q2 25 | $281.5M | $-249.0M | ||
| Q1 25 | $152.6M | $-50.0M | ||
| Q4 24 | $312.5M | $-177.0M | ||
| Q3 24 | $234.5M | $9.0M | ||
| Q2 24 | $332.4M | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 1.5% | ||
| Q2 25 | 32.4% | -37.4% | ||
| Q1 25 | 17.6% | -8.1% | ||
| Q4 24 | 36.4% | -26.1% | ||
| Q3 24 | 27.3% | 1.3% | ||
| Q2 24 | 39.1% | 6.8% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.3% | 1.0% | ||
| Q3 24 | 6.0% | 0.3% | ||
| Q2 24 | 4.1% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 0.01× | ||
| 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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
