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BXP, Inc.（BXP）与柯蒂斯-莱特（CW）财务数据对比。点击上方公司名可切换其他公司
柯蒂斯-莱特的季度营收约是BXP, Inc.的1.1倍（$947.0M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 14.5%，领先0.8%），柯蒂斯-莱特同比增速更快（14.9% vs 0.8%），过去两年柯蒂斯-莱特的营收复合增速更高（15.2% 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。
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
BXP vs CW — 直观对比
营收规模更大
CW
是对方的1.1倍
$872.1M
营收增速更快
CW
高出14.1%
0.8%
净利率更高
BXP
高出0.8%
14.5%
两年增速更快
CW
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $947.0M |
| 净利润 | $133.0M | $137.0M |
| 毛利率 | — | 37.5% |
| 营业利润率 | — | 19.2% |
| 净利率 | 15.3% | 14.5% |
| 营收同比 | 0.8% | 14.9% |
| 净利润同比 | 53.0% | 16.2% |
| 每股收益（稀释后） | $1.69 | $3.69 |
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BXPCW
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $947.0M | ||
| Q3 25 | $871.5M | $869.2M | ||
| Q2 25 | $868.5M | $876.6M | ||
| Q1 25 | $865.2M | $805.6M | ||
| Q4 24 | $858.6M | $824.3M | ||
| Q3 24 | $859.2M | $798.9M | ||
| Q2 24 | $850.5M | $784.8M |
净利润BXPCW
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $137.0M | ||
| Q3 25 | $-121.7M | $124.8M | ||
| Q2 25 | $89.0M | $121.1M | ||
| Q1 25 | $61.2M | $101.3M | ||
| Q4 24 | $-228.9M | $117.9M | ||
| Q3 24 | $83.6M | $111.2M | ||
| Q2 24 | $79.6M | $99.5M |
毛利率BXPCW
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 37.5% | ||
| Q3 25 | 59.3% | 37.7% | ||
| Q2 25 | 59.2% | 37.2% | ||
| Q1 25 | 59.2% | 36.3% | ||
| Q4 24 | 59.7% | 38.5% | ||
| Q3 24 | 59.5% | 37.3% | ||
| Q2 24 | 59.8% | 36.2% |
营业利润率BXPCW
| Q1 26 | — | — | ||
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 16.4% |
净利率BXPCW
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 14.5% | ||
| Q3 25 | -14.0% | 14.4% | ||
| Q2 25 | 10.2% | 13.8% | ||
| Q1 25 | 7.1% | 12.6% | ||
| Q4 24 | -26.7% | 14.3% | ||
| Q3 24 | 9.7% | 13.9% | ||
| Q2 24 | 9.4% | 12.7% |
每股收益（稀释后）BXPCW
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.69 | ||
| Q3 25 | $-0.77 | $3.31 | ||
| Q2 25 | $0.56 | $3.19 | ||
| Q1 25 | $0.39 | $2.68 | ||
| Q4 24 | $-1.46 | $3.09 | ||
| Q3 24 | $0.53 | $2.89 | ||
| Q2 24 | $0.51 | $2.58 |
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 | — |
| 总债务越低越好 | — | $957.9M |
| 股东权益账面价值 | $7.7B | $2.5B |
| 总资产 | $25.1B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 0.38× |
8季度趋势，按日历期对齐
现金及短期投资BXPCW
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | $226.5M | ||
| Q4 24 | $1.3B | $385.0M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
总债务BXPCW
| Q1 26 | — | — | ||
| Q4 25 | — | $957.9M | ||
| Q3 25 | — | $968.6M | ||
| Q2 25 | — | $958.4M | ||
| Q1 25 | — | $958.6M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B |
股东权益BXPCW
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.5B | ||
| Q3 25 | $5.0B | $2.5B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.4B | $2.4B | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $5.8B | $2.5B |
总资产BXPCW
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.2B | ||
| Q3 25 | $26.0B | $5.1B | ||
| Q2 25 | $25.6B | $5.2B | ||
| Q1 25 | $25.4B | $5.0B | ||
| Q4 24 | $26.1B | $5.0B | ||
| Q3 24 | $26.4B | $4.9B | ||
| Q2 24 | $25.5B | $4.7B |
负债/权益比BXPCW
| Q1 26 | — | — | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.37× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | — | $352.7M |
| 自由现金流经营现金流 - 资本支出 | — | $315.1M |
| 自由现金流率自由现金流/营收 | — | 33.3% |
| 资本支出强度资本支出/营收 | 1.5% | 4.0% |
| 现金转化率经营现金流/净利润 | — | 2.57× |
| 过去12个月自由现金流最近4个季度 | — | $553.7M |
8季度趋势，按日历期对齐
经营现金流BXPCW
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $352.7M | ||
| Q3 25 | $274.2M | $192.8M | ||
| Q2 25 | $353.1M | $136.6M | ||
| Q1 25 | $210.0M | $-38.8M | ||
| Q4 24 | $383.7M | $301.3M | ||
| Q3 24 | $286.1M | $177.3M | ||
| Q2 24 | $367.1M | $111.3M |
自由现金流BXPCW
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $315.1M | ||
| Q3 25 | $231.6M | $175.9M | ||
| Q2 25 | $281.5M | $117.2M | ||
| Q1 25 | $152.6M | $-54.5M | ||
| Q4 24 | $312.5M | $278.0M | ||
| Q3 24 | $234.5M | $162.7M | ||
| Q2 24 | $332.4M | $100.3M |
自由现金流率BXPCW
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 33.3% | ||
| Q3 25 | 26.6% | 20.2% | ||
| Q2 25 | 32.4% | 13.4% | ||
| Q1 25 | 17.6% | -6.8% | ||
| Q4 24 | 36.4% | 33.7% | ||
| Q3 24 | 27.3% | 20.4% | ||
| Q2 24 | 39.1% | 12.8% |
资本支出强度BXPCW
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 4.0% | ||
| Q3 25 | 4.9% | 1.9% | ||
| Q2 25 | 8.2% | 2.2% | ||
| Q1 25 | 6.6% | 2.0% | ||
| Q4 24 | 8.3% | 2.8% | ||
| Q3 24 | 6.0% | 1.8% | ||
| Q2 24 | 4.1% | 1.4% |
现金转化率BXPCW
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.57× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | 3.97× | 1.13× | ||
| Q1 25 | 3.43× | -0.38× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | 3.42× | 1.59× | ||
| Q2 24 | 4.61× | 1.12× |
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% |
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
