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BXP, Inc.（BXP）与CNO Financial Group, Inc.（CNO）财务数据对比。点击上方公司名可切换其他公司
CNO Financial Group, Inc.的季度营收约是BXP, Inc.的1.3倍（$1.1B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 8.8%，领先6.4%），CNO Financial Group, Inc.同比增速更快（4.2% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.6%）
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。
CNO金融集团是总部位于美国印第安纳州卡梅尔的金融服务控股公司，前身为康塞科公司。集团旗下保险子公司为美国超400万客户提供人寿保险、年金和补充健康保险产品，通过独立代理人、专属代理人，以及电视广告、直邮等直销触达用户。
BXP vs CNO — 直观对比
营收规模更大
CNO
是对方的1.3倍
$872.1M
营收增速更快
CNO
高出3.4%
0.8%
净利率更高
BXP
高出6.4%
8.8%
两年增速更快
BXP
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $100.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 15.2% |
| 净利率 | 15.3% | 8.8% |
| 营收同比 | 0.8% | 4.2% |
| 净利润同比 | 53.0% | -39.4% |
| 每股收益（稀释后） | $1.69 | $1.02 |
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BXPCNO
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPCNO
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $100.7M | ||
| Q3 25 | $-121.7M | $23.1M | ||
| Q2 25 | $89.0M | $91.8M | ||
| Q1 25 | $61.2M | $13.7M | ||
| Q4 24 | $-228.9M | $166.1M | ||
| Q3 24 | $83.6M | $9.3M | ||
| Q2 24 | $79.6M | $116.3M |
毛利率BXPCNO
| 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% | — | ||
| Q2 24 | 59.8% | — |
营业利润率BXPCNO
| Q1 26 | — | — | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 13.9% |
净利率BXPCNO
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 8.8% | ||
| Q3 25 | -14.0% | 1.9% | ||
| Q2 25 | 10.2% | 8.0% | ||
| Q1 25 | 7.1% | 1.4% | ||
| Q4 24 | -26.7% | 15.1% | ||
| Q3 24 | 9.7% | 0.8% | ||
| Q2 24 | 9.4% | 10.9% |
每股收益（稀释后）BXPCNO
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.02 | ||
| Q3 25 | $-0.77 | $0.24 | ||
| Q2 25 | $0.56 | $0.91 | ||
| Q1 25 | $0.39 | $0.13 | ||
| Q4 24 | $-1.46 | $1.58 | ||
| Q3 24 | $0.53 | $0.09 | ||
| Q2 24 | $0.51 | $1.06 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.6B |
| 总资产 | $25.1B | $38.8B |
| 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BXPCNO
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
股东权益BXPCNO
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.0B | $2.6B | ||
| Q2 25 | $5.3B | $2.5B | ||
| Q1 25 | $5.3B | $2.5B | ||
| Q4 24 | $5.4B | $2.5B | ||
| Q3 24 | $5.8B | $2.7B | ||
| Q2 24 | $5.8B | $2.4B |
总资产BXPCNO
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $38.8B | ||
| Q3 25 | $26.0B | $38.3B | ||
| Q2 25 | $25.6B | $37.3B | ||
| Q1 25 | $25.4B | $37.4B | ||
| Q4 24 | $26.1B | $37.9B | ||
| Q3 24 | $26.4B | $37.6B | ||
| Q2 24 | $25.5B | $36.3B |
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 | — | $195.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 1.94× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPCNO
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $195.7M | ||
| Q3 25 | $274.2M | $197.8M | ||
| Q2 25 | $353.1M | $145.5M | ||
| Q1 25 | $210.0M | $136.7M | ||
| Q4 24 | $383.7M | $191.0M | ||
| Q3 24 | $286.1M | $231.2M | ||
| Q2 24 | $367.1M | $110.9M |
自由现金流BXPCNO
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPCNO
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPCNO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPCNO
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.94× | ||
| Q3 25 | — | 8.56× | ||
| Q2 25 | 3.97× | 1.58× | ||
| Q1 25 | 3.43× | 9.98× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 3.42× | 24.86× | ||
| Q2 24 | 4.61× | 0.95× |
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% |
CNO
| Health Insurance Product Line | $496.4M | 43% |
| Life Insurance Segment | $268.8M | 24% |
| Other | $207.2M | 18% |
| Life And Annuity Insurance Product Line | $170.7M | 15% |
