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BXP, Inc.（BXP）与Compass Diversified Holdings（CODI）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Compass Diversified Holdings的1.9倍（$872.1M vs $468.6M），BXP, Inc.净利率更高（15.3% vs -16.8%，领先32.1%），BXP, Inc.同比增速更快（0.8% vs -5.1%），过去两年Compass Diversified Holdings的营收复合增速更高（6.8% 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。
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
BXP vs CODI — 直观对比
营收规模更大
BXP
是对方的1.9倍
$468.6M
营收增速更快
BXP
高出5.9%
-5.1%
净利率更高
BXP
高出32.1%
-16.8%
两年增速更快
CODI
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $468.6M |
| 净利润 | $133.0M | $-78.8M |
| 毛利率 | — | 43.1% |
| 营业利润率 | — | 9.8% |
| 净利率 | 15.3% | -16.8% |
| 营收同比 | 0.8% | -5.1% |
| 净利润同比 | 53.0% | -14.4% |
| 每股收益（稀释后） | $1.69 | $-0.91 |
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BXPCODI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $468.6M | ||
| Q3 25 | $871.5M | $472.6M | ||
| Q2 25 | $868.5M | $478.7M | ||
| Q1 25 | $865.2M | $453.8M | ||
| Q4 24 | $858.6M | $493.9M | ||
| Q3 24 | $859.2M | $456.6M | ||
| Q2 24 | $850.5M | $426.7M |
净利润BXPCODI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-78.8M | ||
| Q3 25 | $-121.7M | $-74.0M | ||
| Q2 25 | $89.0M | $-51.2M | ||
| Q1 25 | $61.2M | $-30.0M | ||
| Q4 24 | $-228.9M | $-68.9M | ||
| Q3 24 | $83.6M | $-36.0M | ||
| Q2 24 | $79.6M | $-73.1M |
毛利率BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 43.1% | ||
| Q3 25 | 59.3% | 44.0% | ||
| Q2 25 | 59.2% | 43.6% | ||
| Q1 25 | 59.2% | 43.2% | ||
| Q4 24 | 59.7% | 38.6% | ||
| Q3 24 | 59.5% | 43.1% | ||
| Q2 24 | 59.8% | 44.1% |
营业利润率BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | -2.3% | ||
| Q2 25 | — | -5.7% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.8% |
净利率BXPCODI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -16.8% | ||
| Q3 25 | -14.0% | -15.7% | ||
| Q2 25 | 10.2% | -10.7% | ||
| Q1 25 | 7.1% | -6.6% | ||
| Q4 24 | -26.7% | -13.9% | ||
| Q3 24 | 9.7% | -7.9% | ||
| Q2 24 | 9.4% | -17.1% |
每股收益（稀释后）BXPCODI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.91 | ||
| Q3 25 | $-0.77 | $-1.21 | ||
| Q2 25 | $0.56 | $-0.88 | ||
| Q1 25 | $0.39 | $-0.59 | ||
| Q4 24 | $-1.46 | $-0.57 | ||
| Q3 24 | $0.53 | $-0.62 | ||
| Q2 24 | $0.51 | $-1.12 |
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 | $68.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $7.7B | $442.0M |
| 总资产 | $25.1B | $3.0B |
| 负债/权益比越低杠杆越低 | — | 4.25× |
8季度趋势，按日历期对齐
现金及短期投资BXPCODI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $68.0M | ||
| Q3 25 | $861.1M | $61.1M | ||
| Q2 25 | $447.0M | $73.8M | ||
| Q1 25 | $398.1M | $146.2M | ||
| Q4 24 | $1.3B | $59.7M | ||
| Q3 24 | $1.4B | $64.9M | ||
| Q2 24 | $685.4M | $61.5M |
总债务BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
股东权益BXPCODI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $442.0M | ||
| Q3 25 | $5.0B | $519.2M | ||
| Q2 25 | $5.3B | $601.9M | ||
| Q1 25 | $5.3B | $680.7M | ||
| Q4 24 | $5.4B | $678.6M | ||
| Q3 24 | $5.8B | $672.2M | ||
| Q2 24 | $5.8B | $711.3M |
总资产BXPCODI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.0B | ||
| Q3 25 | $26.0B | $3.2B | ||
| Q2 25 | $25.6B | $3.3B | ||
| Q1 25 | $25.4B | $3.4B | ||
| Q4 24 | $26.1B | $3.3B | ||
| Q3 24 | $26.4B | $3.3B | ||
| Q2 24 | $25.5B | $3.2B |
负债/权益比BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× |
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 | — | $47.0M |
| 自由现金流经营现金流 - 资本支出 | — | $36.9M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | 1.5% | 2.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-51.1M |
8季度趋势，按日历期对齐
经营现金流BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $47.0M | ||
| Q3 25 | $274.2M | $10.7M | ||
| Q2 25 | $353.1M | $-35.2M | ||
| Q1 25 | $210.0M | $-29.3M | ||
| Q4 24 | $383.7M | $-16.1M | ||
| Q3 24 | $286.1M | $-48.4M | ||
| Q2 24 | $367.1M | $-61.3M |
自由现金流BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $36.9M | ||
| Q3 25 | $231.6M | $481.0K | ||
| Q2 25 | $281.5M | $-46.0M | ||
| Q1 25 | $152.6M | $-42.4M | ||
| Q4 24 | $312.5M | $-39.0M | ||
| Q3 24 | $234.5M | $-63.5M | ||
| Q2 24 | $332.4M | $-72.2M |
自由现金流率BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 7.9% | ||
| Q3 25 | 26.6% | 0.1% | ||
| Q2 25 | 32.4% | -9.6% | ||
| Q1 25 | 17.6% | -9.4% | ||
| Q4 24 | 36.4% | -7.9% | ||
| Q3 24 | 27.3% | -13.9% | ||
| Q2 24 | 39.1% | -16.9% |
资本支出强度BXPCODI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.2% | ||
| Q3 25 | 4.9% | 2.2% | ||
| Q2 25 | 8.2% | 2.3% | ||
| Q1 25 | 6.6% | 2.9% | ||
| Q4 24 | 8.3% | 4.6% | ||
| Q3 24 | 6.0% | 3.3% | ||
| Q2 24 | 4.1% | 2.6% |
现金转化率BXPCODI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| 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% |
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
