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BXP, Inc.（BXP）与DARLING INGREDIENTS INC.（DAR）财务数据对比。点击上方公司名可切换其他公司
DARLING INGREDIENTS INC.的季度营收约是BXP, Inc.的1.8倍（$1.6B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 1.2%，领先14.0%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -1.6%）
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。
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
BXP vs DAR — 直观对比
营收规模更大
DAR
是对方的1.8倍
$872.1M
营收增速更快
DAR
高出9.2%
0.8%
净利率更高
BXP
高出14.0%
1.2%
两年增速更快
BXP
近两年复合增速
-1.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.6B |
| 净利润 | $133.0M | $19.4M |
| 毛利率 | — | 24.7% |
| 营业利润率 | — | 4.6% |
| 净利率 | 15.3% | 1.2% |
| 营收同比 | 0.8% | 10.0% |
| 净利润同比 | 53.0% | 14.2% |
| 每股收益（稀释后） | $1.69 | $0.12 |
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BXPDAR
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.4B | ||
| Q2 24 | $850.5M | $1.5B |
净利润BXPDAR
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $19.4M | ||
| Q2 25 | $89.0M | $12.7M | ||
| Q1 25 | $61.2M | $-26.2M | ||
| Q4 24 | $-228.9M | $101.9M | ||
| Q3 24 | $83.6M | $16.9M | ||
| Q2 24 | $79.6M | $78.9M |
毛利率BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 24.7% | ||
| Q2 25 | 59.2% | 23.3% | ||
| Q1 25 | 59.2% | 22.6% | ||
| Q4 24 | 59.7% | 23.5% | ||
| Q3 24 | 59.5% | 22.1% | ||
| Q2 24 | 59.8% | 22.5% |
营业利润率BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 10.2% |
净利率BXPDAR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 1.2% | ||
| Q2 25 | 10.2% | 0.9% | ||
| Q1 25 | 7.1% | -1.9% | ||
| Q4 24 | -26.7% | 7.2% | ||
| Q3 24 | 9.7% | 1.2% | ||
| Q2 24 | 9.4% | 5.4% |
每股收益（稀释后）BXPDAR
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.12 | ||
| Q2 25 | $0.56 | $0.08 | ||
| Q1 25 | $0.39 | $-0.16 | ||
| Q4 24 | $-1.46 | $0.63 | ||
| Q3 24 | $0.53 | $0.11 | ||
| Q2 24 | $0.51 | $0.49 |
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 | $91.5M |
| 总债务越低越好 | — | $4.0B |
| 股东权益账面价值 | $7.7B | $4.7B |
| 总资产 | $25.1B | $10.5B |
| 负债/权益比越低杠杆越低 | — | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资BXPDAR
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $91.5M | ||
| Q2 25 | $447.0M | $94.6M | ||
| Q1 25 | $398.1M | $81.5M | ||
| Q4 24 | $1.3B | $76.0M | ||
| Q3 24 | $1.4B | $114.8M | ||
| Q2 24 | $685.4M | $121.6M |
总债务BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B |
股东权益BXPDAR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $4.7B | ||
| Q2 25 | $5.3B | $4.6B | ||
| Q1 25 | $5.3B | $4.4B | ||
| Q4 24 | $5.4B | $4.4B | ||
| Q3 24 | $5.8B | $4.6B | ||
| Q2 24 | $5.8B | $4.5B |
总资产BXPDAR
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $10.5B | ||
| Q2 25 | $25.6B | $10.3B | ||
| Q1 25 | $25.4B | $10.0B | ||
| Q4 24 | $26.1B | $10.1B | ||
| Q3 24 | $26.4B | $10.6B | ||
| Q2 24 | $25.5B | $10.6B |
负债/权益比BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× |
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 | — | $224.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 11.59× |
| 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BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $224.3M | ||
| Q2 25 | $353.1M | $145.8M | ||
| Q1 25 | $210.0M | $249.0M | ||
| Q4 24 | $383.7M | $154.4M | ||
| Q3 24 | $286.1M | $274.5M | ||
| Q2 24 | $367.1M | $146.5M |
自由现金流BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPDAR
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPDAR
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | 3.97× | 11.52× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.42× | 16.19× | ||
| Q2 24 | 4.61× | 1.86× |
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% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
