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BXP, Inc.（BXP）与CBIZ, Inc.（CBZ）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CBIZ, Inc.的1.0倍（$872.1M vs $848.6M），CBIZ, Inc.净利率更高（19.0% vs 15.3%，领先3.8%），CBIZ, Inc.同比增速更快（1.3% vs 0.8%），过去两年CBIZ, Inc.的营收复合增速更高（42.1% 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。
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
BXP vs CBZ — 直观对比
营收规模更大
BXP
是对方的1.0倍
$848.6M
营收增速更快
CBZ
高出0.5%
0.8%
净利率更高
CBZ
高出3.8%
15.3%
两年增速更快
CBZ
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $848.6M |
| 净利润 | $133.0M | $161.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 23.2% |
| 净利率 | 15.3% | 19.0% |
| 营收同比 | 0.8% | 1.3% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $2.63 |
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BXPCBZ
| Q1 26 | $872.1M | $848.6M | ||
| Q4 25 | $877.1M | $542.7M | ||
| Q3 25 | $871.5M | $693.8M | ||
| Q2 25 | $868.5M | $683.5M | ||
| Q1 25 | $865.2M | $838.0M | ||
| Q4 24 | $858.6M | $460.3M | ||
| Q3 24 | $859.2M | $438.9M | ||
| Q2 24 | $850.5M | $420.0M |
净利润BXPCBZ
| Q1 26 | $133.0M | $161.6M | ||
| Q4 25 | $248.4M | $-79.4M | ||
| Q3 25 | $-121.7M | $30.1M | ||
| Q2 25 | $89.0M | $41.9M | ||
| Q1 25 | $61.2M | $122.8M | ||
| Q4 24 | $-228.9M | $-90.7M | ||
| Q3 24 | $83.6M | $35.1M | ||
| Q2 24 | $79.6M | $19.8M |
毛利率BXPCBZ
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | -9.4% | ||
| Q3 25 | 59.3% | 13.0% | ||
| Q2 25 | 59.2% | 12.9% | ||
| Q1 25 | 59.2% | 27.2% | ||
| Q4 24 | 59.7% | -13.4% | ||
| Q3 24 | 59.5% | 16.6% | ||
| Q2 24 | 59.8% | 12.8% |
营业利润率BXPCBZ
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | -15.7% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | -23.2% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 7.5% |
净利率BXPCBZ
| Q1 26 | 15.3% | 19.0% | ||
| Q4 25 | 28.3% | -14.6% | ||
| Q3 25 | -14.0% | 4.3% | ||
| Q2 25 | 10.2% | 6.1% | ||
| Q1 25 | 7.1% | 14.7% | ||
| Q4 24 | -26.7% | -19.7% | ||
| Q3 24 | 9.7% | 8.0% | ||
| Q2 24 | 9.4% | 4.7% |
每股收益（稀释后）BXPCBZ
| Q1 26 | $1.69 | $2.63 | ||
| Q4 25 | $1.56 | $-1.22 | ||
| Q3 25 | $-0.77 | $0.48 | ||
| Q2 25 | $0.56 | $0.66 | ||
| Q1 25 | $0.39 | $1.91 | ||
| Q4 24 | $-1.46 | $-1.84 | ||
| Q3 24 | $0.53 | $0.70 | ||
| Q2 24 | $0.51 | $0.39 |
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 | $28.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.9B |
| 总资产 | $25.1B | $4.6B |
| 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BXPCBZ
| Q1 26 | $512.8M | $28.7M | ||
| Q4 25 | $1.5B | $18.3M | ||
| Q3 25 | $861.1M | $17.0M | ||
| Q2 25 | $447.0M | $39.8M | ||
| Q1 25 | $398.1M | $8.8M | ||
| Q4 24 | $1.3B | $13.8M | ||
| Q3 24 | $1.4B | $1.1M | ||
| Q2 24 | $685.4M | $1.1M |
股东权益BXPCBZ
| Q1 26 | $7.7B | $1.9B | ||
| Q4 25 | $5.1B | $1.8B | ||
| Q3 25 | $5.0B | $1.9B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.3B | $1.9B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $927.9M | ||
| Q2 24 | $5.8B | $891.4M |
总资产BXPCBZ
| Q1 26 | $25.1B | $4.6B | ||
| Q4 25 | $26.2B | $4.4B | ||
| Q3 25 | $26.0B | $4.5B | ||
| Q2 25 | $25.6B | $4.5B | ||
| Q1 25 | $25.4B | $4.6B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.4B | $2.1B | ||
| Q2 24 | $25.5B | $2.2B |
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 | — | $-25.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-28.5M |
| 自由现金流率自由现金流/营收 | — | -3.4% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | -0.16× |
| 过去12个月自由现金流最近4个季度 | — | $240.5M |
8季度趋势，按日历期对齐
经营现金流BXPCBZ
| Q1 26 | — | $-25.5M | ||
| Q4 25 | $407.8M | $143.6M | ||
| Q3 25 | $274.2M | $24.0M | ||
| Q2 25 | $353.1M | $113.1M | ||
| Q1 25 | $210.0M | $-88.3M | ||
| Q4 24 | $383.7M | $55.5M | ||
| Q3 24 | $286.1M | $43.7M | ||
| Q2 24 | $367.1M | $88.2M |
自由现金流BXPCBZ
| Q1 26 | — | $-28.5M | ||
| Q4 25 | $362.7M | $141.7M | ||
| Q3 25 | $231.6M | $22.1M | ||
| Q2 25 | $281.5M | $105.2M | ||
| Q1 25 | $152.6M | $-93.4M | ||
| Q4 24 | $312.5M | $52.3M | ||
| Q3 24 | $234.5M | $41.1M | ||
| Q2 24 | $332.4M | $86.3M |
自由现金流率BXPCBZ
| Q1 26 | — | -3.4% | ||
| Q4 25 | 41.4% | 26.1% | ||
| Q3 25 | 26.6% | 3.2% | ||
| Q2 25 | 32.4% | 15.4% | ||
| Q1 25 | 17.6% | -11.2% | ||
| Q4 24 | 36.4% | 11.4% | ||
| Q3 24 | 27.3% | 9.4% | ||
| Q2 24 | 39.1% | 20.5% |
资本支出强度BXPCBZ
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.4% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 8.2% | 1.2% | ||
| Q1 25 | 6.6% | 0.6% | ||
| Q4 24 | 8.3% | 0.7% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 4.1% | 0.4% |
现金转化率BXPCBZ
| Q1 26 | — | -0.16× | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | 3.97× | 2.70× | ||
| Q1 25 | 3.43× | -0.72× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.25× | ||
| Q2 24 | 4.61× | 4.45× |
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% |
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
