vs
BXP, Inc.（BXP）与Dayforce（DAY）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Dayforce的1.8倍（$872.1M vs $481.6M），BXP, Inc.净利率更高（15.3% vs -40.9%，领先56.1%），Dayforce同比增速更快（9.5% vs 0.8%），过去两年Dayforce的营收复合增速更高（9.8% 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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
BXP vs DAY — 直观对比
营收规模更大
BXP
是对方的1.8倍
$481.6M
营收增速更快
DAY
高出8.7%
0.8%
净利率更高
BXP
高出56.1%
-40.9%
两年增速更快
DAY
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $481.6M |
| 净利润 | $133.0M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 15.3% | -40.9% |
| 营收同比 | 0.8% | 9.5% |
| 净利润同比 | 53.0% | -9940.0% |
| 每股收益（稀释后） | $1.69 | $-1.23 |
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BXPDAY
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $481.6M | ||
| Q2 25 | $868.5M | $464.7M | ||
| Q1 25 | $865.2M | $481.8M | ||
| Q4 24 | $858.6M | $465.2M | ||
| Q3 24 | $859.2M | $440.0M | ||
| Q2 24 | $850.5M | $423.3M |
净利润BXPDAY
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $-196.8M | ||
| Q2 25 | $89.0M | $21.3M | ||
| Q1 25 | $61.2M | $14.9M | ||
| Q4 24 | $-228.9M | $10.8M | ||
| Q3 24 | $83.6M | $2.0M | ||
| Q2 24 | $79.6M | $-1.8M |
毛利率BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | 47.0% | ||
| Q3 24 | 59.5% | 45.8% | ||
| Q2 24 | 59.8% | 44.1% |
营业利润率BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 3.3% |
净利率BXPDAY
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | -40.9% | ||
| Q2 25 | 10.2% | 4.6% | ||
| Q1 25 | 7.1% | 3.1% | ||
| Q4 24 | -26.7% | 2.3% | ||
| Q3 24 | 9.7% | 0.5% | ||
| Q2 24 | 9.4% | -0.4% |
每股收益（稀释后）BXPDAY
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $-1.23 | ||
| Q2 25 | $0.56 | $0.13 | ||
| Q1 25 | $0.39 | $0.09 | ||
| Q4 24 | $-1.46 | $0.07 | ||
| Q3 24 | $0.53 | $0.01 | ||
| Q2 24 | $0.51 | $-0.01 |
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 | $627.6M |
| 总债务越低越好 | — | $631.1M |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资BXPDAY
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $627.6M | ||
| Q2 25 | $447.0M | $625.2M | ||
| Q1 25 | $398.1M | $557.3M | ||
| Q4 24 | $1.3B | $579.7M | ||
| Q3 24 | $1.4B | $494.1M | ||
| Q2 24 | $685.4M | $465.4M |
总债务BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | — | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
股东权益BXPDAY
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.4B | $2.5B | ||
| Q3 24 | $5.8B | $2.6B | ||
| Q2 24 | $5.8B | $2.5B |
总资产BXPDAY
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $8.7B | ||
| Q2 25 | $25.6B | $8.5B | ||
| Q1 25 | $25.4B | $9.5B | ||
| Q4 24 | $26.1B | $9.1B | ||
| Q3 24 | $26.4B | $8.1B | ||
| Q2 24 | $25.5B | $9.0B |
负债/权益比BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.49× |
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 | — | $31.2M |
| 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 | — | — |
| 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BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $31.2M | ||
| Q2 25 | $353.1M | $112.7M | ||
| Q1 25 | $210.0M | $49.6M | ||
| Q4 24 | $383.7M | $81.0M | ||
| Q3 24 | $286.1M | $91.8M | ||
| Q2 24 | $367.1M | $99.2M |
自由现金流BXPDAY
| 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BXPDAY
| 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BXPDAY
| 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BXPDAY
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 5.29× | ||
| Q1 25 | 3.43× | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | 3.42× | 45.90× | ||
| 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% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
