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BXP, Inc.（BXP）与Designer Brands Inc.（DBI）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Designer Brands Inc.的1.2倍（$872.1M vs $752.4M），BXP, Inc.净利率更高（15.3% vs 2.4%，领先12.8%），BXP, Inc.同比增速更快（0.8% vs -3.2%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.1%）
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。
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
BXP vs DBI — 直观对比
营收规模更大
BXP
是对方的1.2倍
$752.4M
营收增速更快
BXP
高出4.0%
-3.2%
净利率更高
BXP
高出12.8%
2.4%
两年增速更快
BXP
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $752.4M |
| 净利润 | $133.0M | $18.2M |
| 毛利率 | — | 45.1% |
| 营业利润率 | — | 5.7% |
| 净利率 | 15.3% | 2.4% |
| 营收同比 | 0.8% | -3.2% |
| 净利润同比 | 53.0% | 40.0% |
| 每股收益（稀释后） | $1.69 | $0.35 |
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BXPDBI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $752.4M | ||
| Q3 25 | $871.5M | $739.8M | ||
| Q2 25 | $868.5M | $686.9M | ||
| Q1 25 | $865.2M | $713.6M | ||
| Q4 24 | $858.6M | $777.2M | ||
| Q3 24 | $859.2M | $771.9M | ||
| Q2 24 | $850.5M | $746.6M |
净利润BXPDBI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $18.2M | ||
| Q3 25 | $-121.7M | $10.8M | ||
| Q2 25 | $89.0M | $-17.4M | ||
| Q1 25 | $61.2M | $-38.2M | ||
| Q4 24 | $-228.9M | $13.0M | ||
| Q3 24 | $83.6M | $13.8M | ||
| Q2 24 | $79.6M | $783.0K |
毛利率BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 45.1% | ||
| Q3 25 | 59.3% | 43.7% | ||
| Q2 25 | 59.2% | 43.0% | ||
| Q1 25 | 59.2% | 75.7% | ||
| Q4 24 | 59.7% | 43.0% | ||
| Q3 24 | 59.5% | 44.0% | ||
| Q2 24 | 59.8% | 44.2% |
营业利润率BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | — | -3.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 1.3% |
净利率BXPDBI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.4% | ||
| Q3 25 | -14.0% | 1.5% | ||
| Q2 25 | 10.2% | -2.5% | ||
| Q1 25 | 7.1% | -5.3% | ||
| Q4 24 | -26.7% | 1.7% | ||
| Q3 24 | 9.7% | 1.8% | ||
| Q2 24 | 9.4% | 0.1% |
每股收益（稀释后）BXPDBI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.35 | ||
| Q3 25 | $-0.77 | $0.22 | ||
| Q2 25 | $0.56 | $-0.36 | ||
| Q1 25 | $0.39 | $-0.69 | ||
| Q4 24 | $-1.46 | $0.24 | ||
| Q3 24 | $0.53 | $0.24 | ||
| 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 | $51.4M |
| 总债务越低越好 | — | $463.1M |
| 股东权益账面价值 | $7.7B | $298.6M |
| 总资产 | $25.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.55× |
8季度趋势，按日历期对齐
现金及短期投资BXPDBI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $51.4M | ||
| Q3 25 | $861.1M | $44.9M | ||
| Q2 25 | $447.0M | $46.0M | ||
| Q1 25 | $398.1M | $44.8M | ||
| Q4 24 | $1.3B | $36.2M | ||
| Q3 24 | $1.4B | $38.8M | ||
| Q2 24 | $685.4M | $43.4M |
总债务BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | — | $463.1M | ||
| Q3 25 | — | $509.6M | ||
| Q2 25 | — | $516.2M | ||
| Q1 25 | — | $484.3M | ||
| Q4 24 | — | $529.6M | ||
| Q3 24 | — | $459.0M | ||
| Q2 24 | — | $469.3M |
股东权益BXPDBI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $298.6M | ||
| Q3 25 | $5.0B | $280.8M | ||
| Q2 25 | $5.3B | $266.9M | ||
| Q1 25 | $5.3B | $278.5M | ||
| Q4 24 | $5.4B | $318.5M | ||
| Q3 24 | $5.8B | $355.5M | ||
| Q2 24 | $5.8B | $358.5M |
总资产BXPDBI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.1B | ||
| Q3 25 | $26.0B | $2.1B | ||
| Q2 25 | $25.6B | $2.1B | ||
| Q1 25 | $25.4B | $2.0B | ||
| Q4 24 | $26.1B | $2.1B | ||
| Q3 24 | $26.4B | $2.1B | ||
| Q2 24 | $25.5B | $2.2B |
负债/权益比BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.81× | ||
| Q2 25 | — | 1.93× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.31× |
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 | — | $66.5M |
| 自由现金流经营现金流 - 资本支出 | — | $57.5M |
| 自由现金流率自由现金流/营收 | — | 7.6% |
| 资本支出强度资本支出/营收 | 1.5% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | — | $99.9M |
8季度趋势，按日历期对齐
经营现金流BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $66.5M | ||
| Q3 25 | $274.2M | $21.4M | ||
| Q2 25 | $353.1M | $-20.4M | ||
| Q1 25 | $210.0M | $70.1M | ||
| Q4 24 | $383.7M | $-9.8M | ||
| Q3 24 | $286.1M | $41.6M | ||
| Q2 24 | $367.1M | $-19.7M |
自由现金流BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $57.5M | ||
| Q3 25 | $231.6M | $11.9M | ||
| Q2 25 | $281.5M | $-27.6M | ||
| Q1 25 | $152.6M | $58.1M | ||
| Q4 24 | $312.5M | $-19.2M | ||
| Q3 24 | $234.5M | $28.0M | ||
| Q2 24 | $332.4M | $-35.6M |
自由现金流率BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 7.6% | ||
| Q3 25 | 26.6% | 1.6% | ||
| Q2 25 | 32.4% | -4.0% | ||
| Q1 25 | 17.6% | 8.1% | ||
| Q4 24 | 36.4% | -2.5% | ||
| Q3 24 | 27.3% | 3.6% | ||
| Q2 24 | 39.1% | -4.8% |
资本支出强度BXPDBI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.3% | 1.2% | ||
| Q3 24 | 6.0% | 1.8% | ||
| Q2 24 | 4.1% | 2.1% |
现金转化率BXPDBI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.65× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | -0.75× | ||
| Q3 24 | 3.42× | 3.01× | ||
| Q2 24 | 4.61× | -25.13× |
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% |
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
