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BXP, Inc.（BXP）与Circle Internet Group, Inc.（CRCL）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Circle Internet Group, Inc.的1.2倍（$872.1M vs $739.8M），Circle Internet Group, Inc.净利率更高（29.0% vs 15.3%，领先13.7%），Circle Internet Group, Inc.同比增速更快（5113.5% vs 0.8%）
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。
Circle是2013年由杰里米·阿莱尔与肖恩·内维尔联合创立的支付科技企业，目前总部位于美国纽约，核心业务覆盖稳定币发行，推出了锚定美元的USDC、锚定欧元的EURC两款稳定币，同时还发行有代币化货币市场基金产品USYC。
BXP vs CRCL — 直观对比
营收规模更大
BXP
是对方的1.2倍
$739.8M
营收增速更快
CRCL
高出5112.7%
0.8%
净利率更高
CRCL
高出13.7%
15.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $739.8M |
| 净利润 | $133.0M | $214.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 11.0% |
| 净利率 | 15.3% | 29.0% |
| 营收同比 | 0.8% | 5113.5% |
| 净利润同比 | 53.0% | 202.0% |
| 每股收益（稀释后） | $1.69 | $0.64 |
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BXPCRCL
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $739.8M | ||
| Q2 25 | $868.5M | $658.1M | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | — | ||
| Q3 24 | $859.2M | — | ||
| Q2 24 | $850.5M | $6.8M |
净利润BXPCRCL
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $214.4M | ||
| Q2 25 | $89.0M | $-482.1M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | — | ||
| Q2 24 | $79.6M | $32.9M |
毛利率BXPCRCL
| 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BXPCRCL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | -49.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
净利率BXPCRCL
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 29.0% | ||
| Q2 25 | 10.2% | -73.3% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 9.4% | 486.5% |
每股收益（稀释后）BXPCRCL
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.64 | ||
| Q2 25 | $0.56 | $-4.48 | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | $0.00 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.0B |
| 总资产 | $25.1B | $76.8B |
| 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BXPCRCL
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $1.3B | ||
| Q2 25 | $447.0M | $1.1B | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | $457.5M |
股东权益BXPCRCL
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $3.0B | ||
| Q2 25 | $5.3B | $2.4B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | $460.9M |
总资产BXPCRCL
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $76.8B | ||
| Q2 25 | $25.6B | $64.2B | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.4B | — | ||
| Q2 24 | $25.5B | — |
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 | — | $-10.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-14.7M |
| 自由现金流率自由现金流/营收 | — | -2.0% |
| 资本支出强度资本支出/营收 | 1.5% | 0.5% |
| 现金转化率经营现金流/净利润 | — | -0.05× |
| 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BXPCRCL
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $-10.7M | ||
| Q2 25 | $353.1M | $303.7M | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $367.1M | — |
自由现金流BXPCRCL
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $-14.7M | ||
| Q2 25 | $281.5M | $296.3M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPCRCL
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | -2.0% | ||
| Q2 25 | 32.4% | 45.0% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPCRCL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 0.5% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPCRCL
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | -0.05× | ||
| 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% |
CRCL
暂无分部数据
