vs
BXP, Inc.（BXP）与Compass, Inc.（COMP）财务数据对比。点击上方公司名可切换其他公司
Compass, Inc.的季度营收约是BXP, Inc.的1.9倍（$1.7B vs $877.1M）。BXP, Inc.净利率更高（28.3% vs -2.5%，领先30.8%）。Compass, Inc.同比增速更快（23.1% vs 2.2%）。BXP, Inc.自由现金流更多（$362.7M vs $42.2M）。过去两年Compass, Inc.的营收复合增速更高（27.0% vs 2.2%）
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, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
BXP vs COMP — 直观对比
营收规模更大
COMP
是对方的1.9倍
$877.1M
营收增速更快
COMP
高出21.0%
2.2%
净利率更高
BXP
高出30.8%
-2.5%
自由现金流更多
BXP
多$320.5M
$42.2M
两年增速更快
COMP
近两年复合增速
2.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $877.1M | $1.7B |
| 净利润 | $248.4M | $-42.6M |
| 毛利率 | 58.8% | — |
| 营业利润率 | — | -2.5% |
| 净利率 | 28.3% | -2.5% |
| 营收同比 | 2.2% | 23.1% |
| 净利润同比 | 208.5% | -5.2% |
| 每股收益（稀释后） | $1.56 | $-0.07 |
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BXPCOMP
| Q4 25 | $877.1M | $1.7B | ||
| Q3 25 | $871.5M | $1.8B | ||
| Q2 25 | $868.5M | $2.1B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.7B | ||
| Q1 24 | $839.4M | $1.1B |
净利润BXPCOMP
| Q4 25 | $248.4M | $-42.6M | ||
| Q3 25 | $-121.7M | $-4.6M | ||
| Q2 25 | $89.0M | $39.4M | ||
| Q1 25 | $61.2M | $-50.7M | ||
| Q4 24 | $-228.9M | $-40.5M | ||
| Q3 24 | $83.6M | $-1.7M | ||
| Q2 24 | $79.6M | $20.7M | ||
| Q1 24 | $79.9M | $-132.9M |
毛利率BXPCOMP
| 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% | — | ||
| Q1 24 | 60.6% | — |
营业利润率BXPCOMP
| Q4 25 | — | -2.5% | ||
| Q3 25 | — | -0.4% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | -12.5% |
净利率BXPCOMP
| Q4 25 | 28.3% | -2.5% | ||
| Q3 25 | -14.0% | -0.2% | ||
| Q2 25 | 10.2% | 1.9% | ||
| Q1 25 | 7.1% | -3.7% | ||
| Q4 24 | -26.7% | -2.9% | ||
| Q3 24 | 9.7% | -0.1% | ||
| Q2 24 | 9.4% | 1.2% | ||
| Q1 24 | 9.5% | -12.6% |
每股收益（稀释后）BXPCOMP
| Q4 25 | $1.56 | $-0.07 | ||
| Q3 25 | $-0.77 | $-0.01 | ||
| Q2 25 | $0.56 | $0.07 | ||
| Q1 25 | $0.39 | $-0.09 | ||
| Q4 24 | $-1.46 | $-0.08 | ||
| Q3 24 | $0.53 | $0.00 | ||
| Q2 24 | $0.51 | $0.04 | ||
| Q1 24 | $0.51 | $-0.27 |
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 | $1.5B | $199.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $782.0M |
| 总资产 | $26.2B | $1.5B |
| 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BXPCOMP
| Q4 25 | $1.5B | $199.0M | ||
| Q3 25 | $861.1M | $170.3M | ||
| Q2 25 | $447.0M | $177.3M | ||
| Q1 25 | $398.1M | $127.0M | ||
| Q4 24 | $1.3B | $223.8M | ||
| Q3 24 | $1.4B | $211.2M | ||
| Q2 24 | $685.4M | $185.8M | ||
| Q1 24 | $701.7M | $165.9M |
股东权益BXPCOMP
| Q4 25 | $5.1B | $782.0M | ||
| Q3 25 | $5.0B | $773.3M | ||
| Q2 25 | $5.3B | $719.9M | ||
| Q1 25 | $5.3B | $635.0M | ||
| Q4 24 | $5.4B | $409.4M | ||
| Q3 24 | $5.8B | $428.0M | ||
| Q2 24 | $5.8B | $398.4M | ||
| Q1 24 | $5.9B | $330.3M |
总资产BXPCOMP
| Q4 25 | $26.2B | $1.5B | ||
| Q3 25 | $26.0B | $1.6B | ||
| Q2 25 | $25.6B | $1.6B | ||
| Q1 25 | $25.4B | $1.5B | ||
| Q4 24 | $26.1B | $1.2B | ||
| Q3 24 | $26.4B | $1.2B | ||
| Q2 24 | $25.5B | $1.2B | ||
| Q1 24 | $25.5B | $1.1B |
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 | $407.8M | $45.3M |
| 自由现金流经营现金流 - 资本支出 | $362.7M | $42.2M |
| 自由现金流率自由现金流/营收 | 41.4% | 2.5% |
| 资本支出强度资本支出/营收 | 5.1% | 0.2% |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $203.3M |
8季度趋势，按日历期对齐
经营现金流BXPCOMP
| Q4 25 | $407.8M | $45.3M | ||
| Q3 25 | $274.2M | $75.5M | ||
| Q2 25 | $353.1M | $72.8M | ||
| Q1 25 | $210.0M | $23.1M | ||
| Q4 24 | $383.7M | $30.5M | ||
| Q3 24 | $286.1M | $37.4M | ||
| Q2 24 | $367.1M | $45.0M | ||
| Q1 24 | $197.6M | $8.6M |
自由现金流BXPCOMP
| Q4 25 | $362.7M | $42.2M | ||
| Q3 25 | $231.6M | $73.6M | ||
| Q2 25 | $281.5M | $68.0M | ||
| Q1 25 | $152.6M | $19.5M | ||
| Q4 24 | $312.5M | $26.7M | ||
| Q3 24 | $234.5M | $32.8M | ||
| Q2 24 | $332.4M | $40.4M | ||
| Q1 24 | $165.5M | $5.9M |
自由现金流率BXPCOMP
| Q4 25 | 41.4% | 2.5% | ||
| Q3 25 | 26.6% | 4.0% | ||
| Q2 25 | 32.4% | 3.3% | ||
| Q1 25 | 17.6% | 1.4% | ||
| Q4 24 | 36.4% | 1.9% | ||
| Q3 24 | 27.3% | 2.2% | ||
| Q2 24 | 39.1% | 2.4% | ||
| Q1 24 | 19.7% | 0.6% |
资本支出强度BXPCOMP
| Q4 25 | 5.1% | 0.2% | ||
| Q3 25 | 4.9% | 0.1% | ||
| Q2 25 | 8.2% | 0.2% | ||
| Q1 25 | 6.6% | 0.3% | ||
| Q4 24 | 8.3% | 0.3% | ||
| Q3 24 | 6.0% | 0.3% | ||
| Q2 24 | 4.1% | 0.3% | ||
| Q1 24 | 3.8% | 0.3% |
现金转化率BXPCOMP
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 1.85× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 2.17× | ||
| Q1 24 | 2.47× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
