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BXP, Inc.（BXP）与AMERICOLD REALTY TRUST（COLD）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AMERICOLD REALTY TRUST的1.4倍（$872.1M vs $643.1M），BXP, Inc.净利率更高（15.3% vs -13.7%，领先29.0%），BXP, Inc.同比增速更快（0.8% vs -0.7%），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。
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
BXP vs COLD — 直观对比
营收规模更大
BXP
是对方的1.4倍
$643.1M
营收增速更快
BXP
高出1.5%
-0.7%
净利率更高
BXP
高出29.0%
-13.7%
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 | $643.1M |
| 净利润 | $133.0M | $-88.3M |
| 毛利率 | — | 31.3% |
| 营业利润率 | — | -10.8% |
| 净利率 | 15.3% | -13.7% |
| 营收同比 | 0.8% | -0.7% |
| 净利润同比 | 53.0% | -143.9% |
| 每股收益（稀释后） | $1.69 | $-0.31 |
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BXPCOLD
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $643.1M | ||
| Q3 25 | $871.5M | $649.0M | ||
| Q2 25 | $868.5M | $635.1M | ||
| Q1 25 | $865.2M | $613.7M | ||
| Q4 24 | $858.6M | $647.4M | ||
| Q3 24 | $859.2M | $660.4M | ||
| Q2 24 | $850.5M | $645.6M |
净利润BXPCOLD
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-88.3M | ||
| Q3 25 | $-121.7M | $-11.4M | ||
| Q2 25 | $89.0M | $1.5M | ||
| Q1 25 | $61.2M | $-16.4M | ||
| Q4 24 | $-228.9M | $-36.2M | ||
| Q3 24 | $83.6M | $-3.7M | ||
| Q2 24 | $79.6M | $-64.1M |
毛利率BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 31.3% | ||
| Q3 25 | 59.3% | 29.3% | ||
| Q2 25 | 59.2% | 30.9% | ||
| Q1 25 | 59.2% | 31.1% | ||
| Q4 24 | 59.7% | 29.7% | ||
| Q3 24 | 59.5% | 29.6% | ||
| Q2 24 | 59.8% | 31.0% |
营业利润率BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | — | -10.8% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | -1.8% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 9.8% |
净利率BXPCOLD
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -13.7% | ||
| Q3 25 | -14.0% | -1.8% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 7.1% | -2.7% | ||
| Q4 24 | -26.7% | -5.6% | ||
| Q3 24 | 9.7% | -0.6% | ||
| Q2 24 | 9.4% | -9.9% |
每股收益（稀释后）BXPCOLD
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.31 | ||
| Q3 25 | $-0.77 | $-0.04 | ||
| Q2 25 | $0.56 | $0.01 | ||
| Q1 25 | $0.39 | $-0.06 | ||
| Q4 24 | $-1.46 | $-0.12 | ||
| Q3 24 | $0.53 | $-0.01 | ||
| Q2 24 | $0.51 | $-0.23 |
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 | $136.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.9B |
| 总资产 | $25.1B | $8.1B |
| 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BXPCOLD
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $136.9M | ||
| Q3 25 | $861.1M | $33.3M | ||
| Q2 25 | $447.0M | $101.4M | ||
| Q1 25 | $398.1M | $38.9M | ||
| Q4 24 | $1.3B | $47.7M | ||
| Q3 24 | $1.4B | $61.3M | ||
| Q2 24 | $685.4M | $44.2M |
股东权益BXPCOLD
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $5.0B | $3.0B | ||
| Q2 25 | $5.3B | $3.1B | ||
| Q1 25 | $5.3B | $3.2B | ||
| Q4 24 | $5.4B | $3.3B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.8B | $3.4B |
总资产BXPCOLD
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.1B | ||
| Q3 25 | $26.0B | $8.1B | ||
| Q2 25 | $25.6B | $8.1B | ||
| Q1 25 | $25.4B | $7.8B | ||
| Q4 24 | $26.1B | $7.7B | ||
| Q3 24 | $26.4B | $7.9B | ||
| Q2 24 | $25.5B | $7.8B |
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 | — | $130.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.2M |
| 自由现金流率自由现金流/营收 | — | -1.9% |
| 资本支出强度资本支出/营收 | 1.5% | 22.1% |
| 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 | — | $-217.2M |
8季度趋势，按日历期对齐
经营现金流BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $130.2M | ||
| Q3 25 | $274.2M | $78.9M | ||
| Q2 25 | $353.1M | $120.3M | ||
| Q1 25 | $210.0M | $30.2M | ||
| Q4 24 | $383.7M | $162.6M | ||
| Q3 24 | $286.1M | $50.6M | ||
| Q2 24 | $367.1M | $136.7M |
自由现金流BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-12.2M | ||
| Q3 25 | $231.6M | $-65.4M | ||
| Q2 25 | $281.5M | $-57.4M | ||
| Q1 25 | $152.6M | $-82.3M | ||
| Q4 24 | $312.5M | $57.4M | ||
| Q3 24 | $234.5M | $-44.5M | ||
| Q2 24 | $332.4M | $73.3M |
自由现金流率BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -1.9% | ||
| Q3 25 | 26.6% | -10.1% | ||
| Q2 25 | 32.4% | -9.0% | ||
| Q1 25 | 17.6% | -13.4% | ||
| Q4 24 | 36.4% | 8.9% | ||
| Q3 24 | 27.3% | -6.7% | ||
| Q2 24 | 39.1% | 11.4% |
资本支出强度BXPCOLD
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 22.1% | ||
| Q3 25 | 4.9% | 22.2% | ||
| Q2 25 | 8.2% | 28.0% | ||
| Q1 25 | 6.6% | 18.3% | ||
| Q4 24 | 8.3% | 16.3% | ||
| Q3 24 | 6.0% | 14.4% | ||
| Q2 24 | 4.1% | 9.8% |
现金转化率BXPCOLD
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 78.18× | ||
| 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% |
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
