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BXP, Inc.（BXP）与CIENA CORP（CIEN）财务数据对比。点击上方公司名可切换其他公司
CIENA CORP的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 4.1%，领先11.1%），过去两年CIENA CORP的营收复合增速更高（3.9% 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。
Ciena是总部位于美国马里兰州汉诺威的光网络系统及软件提供商，是光连接领域的核心参与者。截至2025年11月，公司营收达48亿美元，全球员工超9000人，由加里·史密斯担任总裁兼首席执行官。
BXP vs CIEN — 直观对比
营收规模更大
CIEN
是对方的1.4倍
$872.1M
净利率更高
BXP
高出11.1%
4.1%
两年增速更快
CIEN
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $50.3M |
| 毛利率 | — | 41.3% |
| 营业利润率 | — | 6.0% |
| 净利率 | 15.3% | 4.1% |
| 营收同比 | 0.8% | — |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $0.35 |
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BXPCIEN
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $942.3M | ||
| Q2 24 | $850.5M | $910.8M |
净利润BXPCIEN
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $50.3M | ||
| Q2 25 | $89.0M | $9.0M | ||
| Q1 25 | $61.2M | $44.6M | ||
| Q4 24 | $-228.9M | $37.0M | ||
| Q3 24 | $83.6M | $14.2M | ||
| Q2 24 | $79.6M | $-16.8M |
毛利率BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 41.3% | ||
| Q2 25 | 59.2% | 40.2% | ||
| Q1 25 | 59.2% | 44.0% | ||
| Q4 24 | 59.7% | 40.9% | ||
| Q3 24 | 59.5% | 42.9% | ||
| Q2 24 | 59.8% | 42.7% |
营业利润率BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | -0.4% |
净利率BXPCIEN
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 4.1% | ||
| Q2 25 | 10.2% | 0.8% | ||
| Q1 25 | 7.1% | 4.2% | ||
| Q4 24 | -26.7% | 3.3% | ||
| Q3 24 | 9.7% | 1.5% | ||
| Q2 24 | 9.4% | -1.8% |
每股收益（稀释后）BXPCIEN
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.35 | ||
| Q2 25 | $0.56 | $0.06 | ||
| Q1 25 | $0.39 | $0.31 | ||
| Q4 24 | $-1.46 | $0.26 | ||
| Q3 24 | $0.53 | $0.10 | ||
| Q2 24 | $0.51 | $-0.12 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.8B |
| 总资产 | $25.1B | $5.7B |
| 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BXPCIEN
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $1.3B | ||
| Q2 25 | $447.0M | $1.3B | ||
| Q1 25 | $398.1M | $1.2B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $685.4M | $1.3B |
股东权益BXPCIEN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.3B | $2.8B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $2.9B |
总资产BXPCIEN
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $5.7B | ||
| Q2 25 | $25.6B | $5.7B | ||
| Q1 25 | $25.4B | $5.6B | ||
| Q4 24 | $26.1B | $5.6B | ||
| Q3 24 | $26.4B | $5.6B | ||
| Q2 24 | $25.5B | $5.6B |
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 | — | $174.3M |
| 自由现金流经营现金流 - 资本支出 | — | $134.6M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | 1.5% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 3.47× |
| 过去12个月自由现金流最近4个季度 | — | $605.5M |
8季度趋势，按日历期对齐
经营现金流BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $174.3M | ||
| Q2 25 | $353.1M | $156.9M | ||
| Q1 25 | $210.0M | $103.7M | ||
| Q4 24 | $383.7M | $349.4M | ||
| Q3 24 | $286.1M | $-159.4M | ||
| Q2 24 | $367.1M | $58.5M |
自由现金流BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $134.6M | ||
| Q2 25 | $281.5M | $128.2M | ||
| Q1 25 | $152.6M | $76.8M | ||
| Q4 24 | $312.5M | $265.8M | ||
| Q3 24 | $234.5M | $-179.0M | ||
| Q2 24 | $332.4M | $41.6M |
自由现金流率BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 11.0% | ||
| Q2 25 | 32.4% | 11.4% | ||
| Q1 25 | 17.6% | 7.2% | ||
| Q4 24 | 36.4% | 23.6% | ||
| Q3 24 | 27.3% | -19.0% | ||
| Q2 24 | 39.1% | 4.6% |
资本支出强度BXPCIEN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 3.3% | ||
| Q2 25 | 8.2% | 2.6% | ||
| Q1 25 | 6.6% | 2.5% | ||
| Q4 24 | 8.3% | 7.4% | ||
| Q3 24 | 6.0% | 2.1% | ||
| Q2 24 | 4.1% | 1.9% |
现金转化率BXPCIEN
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 3.47× | ||
| Q2 25 | 3.97× | 17.50× | ||
| Q1 25 | 3.43× | 2.33× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 3.42× | -11.20× | ||
| Q2 24 | 4.61× | — |
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% |
CIEN
| Optical Networking | $815.5M | 67% |
| Routing And Switching | $125.9M | 10% |
| Platform Softwareand Services Segment | $90.0M | 7% |
| Maintenance Support And Training | $80.7M | 7% |
| Installation And Deployment | $65.9M | 5% |
| Blue Planet Automation Softwareand Services Segment | $27.8M | 2% |
| Consulting And Network Design | $13.6M | 1% |
