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BXP, Inc.（BXP）与California Resources Corp（CRC）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California Resources Corp的1.3倍（$872.1M vs $679.0M），BXP, Inc.净利率更高（15.3% vs 1.8%，领先13.5%），BXP, Inc.同比增速更快（0.8% vs -17.8%），过去两年California Resources Corp的营收复合增速更高（25.8% 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。
加州资源集团是一家美国能源企业，主要在加州开展油气勘探业务。公司注册地为特拉华州，总部位于加州长滩，所持有的加州矿产地块面积是该州私有主体中的最高水平。
BXP vs CRC — 直观对比
营收规模更大
BXP
是对方的1.3倍
$679.0M
营收增速更快
BXP
高出18.6%
-17.8%
净利率更高
BXP
高出13.5%
1.8%
两年增速更快
CRC
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $679.0M |
| 净利润 | $133.0M | $12.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.9% |
| 净利率 | 15.3% | 1.8% |
| 营收同比 | 0.8% | -17.8% |
| 净利润同比 | 53.0% | -63.6% |
| 每股收益（稀释后） | $1.69 | $0.21 |
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BXPCRC
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $679.0M | ||
| Q3 25 | $871.5M | $715.0M | ||
| Q2 25 | $868.5M | $702.0M | ||
| Q1 25 | $865.2M | $814.0M | ||
| Q4 24 | $858.6M | $826.0M | ||
| Q3 24 | $859.2M | $870.0M | ||
| Q2 24 | $850.5M | $412.0M |
净利润BXPCRC
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $12.0M | ||
| Q3 25 | $-121.7M | $64.0M | ||
| Q2 25 | $89.0M | $172.0M | ||
| Q1 25 | $61.2M | $115.0M | ||
| Q4 24 | $-228.9M | $33.0M | ||
| Q3 24 | $83.6M | $345.0M | ||
| Q2 24 | $79.6M | $8.0M |
毛利率BXPCRC
| 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BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 38.0% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 9.2% |
净利率BXPCRC
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 1.8% | ||
| Q3 25 | -14.0% | 9.0% | ||
| Q2 25 | 10.2% | 24.5% | ||
| Q1 25 | 7.1% | 14.1% | ||
| Q4 24 | -26.7% | 4.0% | ||
| Q3 24 | 9.7% | 39.7% | ||
| Q2 24 | 9.4% | 1.9% |
每股收益（稀释后）BXPCRC
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.21 | ||
| Q3 25 | $-0.77 | $0.76 | ||
| Q2 25 | $0.56 | $1.92 | ||
| Q1 25 | $0.39 | $1.26 | ||
| Q4 24 | $-1.46 | $0.87 | ||
| Q3 24 | $0.53 | $3.78 | ||
| Q2 24 | $0.51 | $0.11 |
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 | $132.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.7B |
| 总资产 | $25.1B | $7.4B |
| 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BXPCRC
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $132.0M | ||
| Q3 25 | $861.1M | $196.0M | ||
| Q2 25 | $447.0M | $72.0M | ||
| Q1 25 | $398.1M | $214.0M | ||
| Q4 24 | $1.3B | $372.0M | ||
| Q3 24 | $1.4B | $241.0M | ||
| Q2 24 | $685.4M | $1.0B |
总债务BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
股东权益BXPCRC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.7B | ||
| Q3 25 | $5.0B | $3.4B | ||
| Q2 25 | $5.3B | $3.4B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $5.4B | $3.5B | ||
| Q3 24 | $5.8B | $3.5B | ||
| Q2 24 | $5.8B | $2.1B |
总资产BXPCRC
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $7.4B | ||
| Q3 25 | $26.0B | $6.8B | ||
| Q2 25 | $25.6B | $6.7B | ||
| Q1 25 | $25.4B | $6.8B | ||
| Q4 24 | $26.1B | $7.1B | ||
| Q3 24 | $26.4B | $7.1B | ||
| Q2 24 | $25.5B | $4.5B |
负债/权益比BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.57× |
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 | — | $235.0M |
| 自由现金流经营现金流 - 资本支出 | — | $115.0M |
| 自由现金流率自由现金流/营收 | — | 16.9% |
| 资本支出强度资本支出/营收 | 1.5% | 17.7% |
| 现金转化率经营现金流/净利润 | — | 19.58× |
| 过去12个月自由现金流最近4个季度 | — | $543.0M |
8季度趋势，按日历期对齐
经营现金流BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $235.0M | ||
| Q3 25 | $274.2M | $279.0M | ||
| Q2 25 | $353.1M | $165.0M | ||
| Q1 25 | $210.0M | $186.0M | ||
| Q4 24 | $383.7M | $206.0M | ||
| Q3 24 | $286.1M | $220.0M | ||
| Q2 24 | $367.1M | $97.0M |
自由现金流BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $115.0M | ||
| Q3 25 | $231.6M | $188.0M | ||
| Q2 25 | $281.5M | $109.0M | ||
| Q1 25 | $152.6M | $131.0M | ||
| Q4 24 | $312.5M | $118.0M | ||
| Q3 24 | $234.5M | $141.0M | ||
| Q2 24 | $332.4M | $63.0M |
自由现金流率BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 16.9% | ||
| Q3 25 | 26.6% | 26.3% | ||
| Q2 25 | 32.4% | 15.5% | ||
| Q1 25 | 17.6% | 16.1% | ||
| Q4 24 | 36.4% | 14.3% | ||
| Q3 24 | 27.3% | 16.2% | ||
| Q2 24 | 39.1% | 15.3% |
资本支出强度BXPCRC
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 17.7% | ||
| Q3 25 | 4.9% | 12.7% | ||
| Q2 25 | 8.2% | 8.0% | ||
| Q1 25 | 6.6% | 6.8% | ||
| Q4 24 | 8.3% | 10.7% | ||
| Q3 24 | 6.0% | 9.1% | ||
| Q2 24 | 4.1% | 8.3% |
现金转化率BXPCRC
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 19.58× | ||
| Q3 25 | — | 4.36× | ||
| Q2 25 | 3.97× | 0.96× | ||
| Q1 25 | 3.43× | 1.62× | ||
| Q4 24 | — | 6.24× | ||
| Q3 24 | 3.42× | 0.64× | ||
| Q2 24 | 4.61× | 12.13× |
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% |
CRC
| Oil And Natural Gas Segment | $645.0M | 95% |
| Natural Gas Production | $26.0M | 4% |
| Other | $7.0M | 1% |
