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BXP, Inc.（BXP）与CALERES INC（CAL）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是CALERES INC的1.1倍（$872.1M vs $790.1M），BXP, Inc.净利率更高（15.3% vs 0.3%，领先14.9%），CALERES INC同比增速更快（6.6% vs 0.8%），过去两年CALERES INC的营收复合增速更高（6.5% vs 1.3%）
BXP是美国头部商业地产投资信托企业，核心业务为持有、运营及开发A级高端写字楼资产，项目覆盖纽约、波士顿、旧金山等美国核心都市圈，服务企业、科技、专业服务等领域的多元租户。
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
BXP vs CAL — 直观对比
营收规模更大
BXP
是对方的1.1倍
$790.1M
营收增速更快
CAL
高出5.8%
0.8%
净利率更高
BXP
高出14.9%
0.3%
两年增速更快
CAL
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $790.1M |
| 净利润 | $133.0M | $2.4M |
| 毛利率 | — | 41.8% |
| 营业利润率 | — | 1.5% |
| 净利率 | 15.3% | 0.3% |
| 营收同比 | 0.8% | 6.6% |
| 净利润同比 | 53.0% | -94.2% |
| 每股收益（稀释后） | $1.69 | $0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BXPCAL
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $790.1M | ||
| Q3 25 | $871.5M | $658.5M | ||
| Q2 25 | $868.5M | $614.2M | ||
| Q1 25 | $865.2M | $639.2M | ||
| Q4 24 | $858.6M | $740.9M | ||
| Q3 24 | $859.2M | $683.3M | ||
| Q2 24 | $850.5M | $659.2M |
净利润BXPCAL
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $2.4M | ||
| Q3 25 | $-121.7M | $6.7M | ||
| Q2 25 | $89.0M | $6.9M | ||
| Q1 25 | $61.2M | $4.9M | ||
| Q4 24 | $-228.9M | $41.4M | ||
| Q3 24 | $83.6M | $30.0M | ||
| Q2 24 | $79.6M | $30.9M |
毛利率BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 41.8% | ||
| Q3 25 | 59.3% | 43.4% | ||
| Q2 25 | 59.2% | 45.4% | ||
| Q1 25 | 59.2% | 43.0% | ||
| Q4 24 | 59.7% | 44.1% | ||
| Q3 24 | 59.5% | 45.5% | ||
| Q2 24 | 59.8% | 46.9% |
营业利润率BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.5% |
净利率BXPCAL
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 0.3% | ||
| Q3 25 | -14.0% | 1.0% | ||
| Q2 25 | 10.2% | 1.1% | ||
| Q1 25 | 7.1% | 0.8% | ||
| Q4 24 | -26.7% | 5.6% | ||
| Q3 24 | 9.7% | 4.4% | ||
| Q2 24 | 9.4% | 4.7% |
每股收益（稀释后）BXPCAL
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.07 | ||
| Q3 25 | $-0.77 | $0.20 | ||
| Q2 25 | $0.56 | $0.21 | ||
| Q1 25 | $0.39 | $0.17 | ||
| Q4 24 | $-1.46 | $1.19 | ||
| Q3 24 | $0.53 | $0.85 | ||
| Q2 24 | $0.51 | $0.88 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $512.8M | $34.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $616.8M |
| 总资产 | $25.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BXPCAL
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $34.0M | ||
| Q3 25 | $861.1M | $191.5M | ||
| Q2 25 | $447.0M | $33.1M | ||
| Q1 25 | $398.1M | $29.6M | ||
| Q4 24 | $1.3B | $33.7M | ||
| Q3 24 | $1.4B | $51.8M | ||
| Q2 24 | $685.4M | $30.7M |
股东权益BXPCAL
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $616.8M | ||
| Q3 25 | $5.0B | $613.3M | ||
| Q2 25 | $5.3B | $605.2M | ||
| Q1 25 | $5.3B | $599.0M | ||
| Q4 24 | $5.4B | $598.3M | ||
| Q3 24 | $5.8B | $606.1M | ||
| Q2 24 | $5.8B | $570.3M |
总资产BXPCAL
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.1B | ||
| Q3 25 | $26.0B | $2.2B | ||
| Q2 25 | $25.6B | $1.9B | ||
| Q1 25 | $25.4B | $1.9B | ||
| Q4 24 | $26.1B | $2.0B | ||
| Q3 24 | $26.4B | $2.0B | ||
| Q2 24 | $25.5B | $1.9B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-1.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.4M |
| 自由现金流率自由现金流/营收 | — | -1.6% |
| 资本支出强度资本支出/营收 | 1.5% | 1.4% |
| 现金转化率经营现金流/净利润 | — | -0.50× |
| 过去12个月自由现金流最近4个季度 | — | $14.4M |
8季度趋势，按日历期对齐
经营现金流BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-1.2M | ||
| Q3 25 | $274.2M | $47.3M | ||
| Q2 25 | $353.1M | $-5.7M | ||
| Q1 25 | $210.0M | $28.7M | ||
| Q4 24 | $383.7M | $-39.8M | ||
| Q3 24 | $286.1M | $79.6M | ||
| Q2 24 | $367.1M | $36.1M |
自由现金流BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-12.4M | ||
| Q3 25 | $231.6M | $35.0M | ||
| Q2 25 | $281.5M | $-26.2M | ||
| Q1 25 | $152.6M | $18.0M | ||
| Q4 24 | $312.5M | $-57.4M | ||
| Q3 24 | $234.5M | $68.5M | ||
| Q2 24 | $332.4M | $26.3M |
自由现金流率BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -1.6% | ||
| Q3 25 | 26.6% | 5.3% | ||
| Q2 25 | 32.4% | -4.3% | ||
| Q1 25 | 17.6% | 2.8% | ||
| Q4 24 | 36.4% | -7.7% | ||
| Q3 24 | 27.3% | 10.0% | ||
| Q2 24 | 39.1% | 4.0% |
资本支出强度BXPCAL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 4.9% | 1.9% | ||
| Q2 25 | 8.2% | 3.3% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.3% | 2.4% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 1.5% |
现金转化率BXPCAL
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | -0.50× | ||
| Q3 25 | — | 7.05× | ||
| Q2 25 | 3.97× | -0.81× | ||
| Q1 25 | 3.43× | 5.82× | ||
| Q4 24 | — | -0.96× | ||
| Q3 24 | 3.42× | 2.66× | ||
| Q2 24 | 4.61× | 1.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
