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BXP, Inc.（BXP）与DELUXE CORP（DLX）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DELUXE CORP的1.6倍（$872.1M vs $535.2M），BXP, Inc.净利率更高（15.3% vs 2.2%，领先13.0%），DELUXE CORP同比增速更快（2.8% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs 0.0%）
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。
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
BXP vs DLX — 直观对比
营收规模更大
BXP
是对方的1.6倍
$535.2M
营收增速更快
DLX
高出2.0%
0.8%
净利率更高
BXP
高出13.0%
2.2%
两年增速更快
BXP
近两年复合增速
0.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $535.2M |
| 净利润 | $133.0M | $12.0M |
| 毛利率 | — | 52.2% |
| 营业利润率 | — | 8.9% |
| 净利率 | 15.3% | 2.2% |
| 营收同比 | 0.8% | 2.8% |
| 净利润同比 | 53.0% | -5.0% |
| 每股收益（稀释后） | $1.69 | $0.25 |
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BXPDLX
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $535.2M | ||
| Q3 25 | $871.5M | $540.2M | ||
| Q2 25 | $868.5M | $521.3M | ||
| Q1 25 | $865.2M | $536.5M | ||
| Q4 24 | $858.6M | $520.6M | ||
| Q3 24 | $859.2M | $528.4M | ||
| Q2 24 | $850.5M | $537.8M |
净利润BXPDLX
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $12.0M | ||
| Q3 25 | $-121.7M | $33.7M | ||
| Q2 25 | $89.0M | $22.4M | ||
| Q1 25 | $61.2M | $14.0M | ||
| Q4 24 | $-228.9M | $12.6M | ||
| Q3 24 | $83.6M | $8.9M | ||
| Q2 24 | $79.6M | $20.5M |
毛利率BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 52.2% | ||
| Q3 25 | 59.3% | 53.9% | ||
| Q2 25 | 59.2% | 53.6% | ||
| Q1 25 | 59.2% | 52.4% | ||
| Q4 24 | 59.7% | 52.3% | ||
| Q3 24 | 59.5% | 53.3% | ||
| Q2 24 | 59.8% | 53.7% |
营业利润率BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 9.0% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 11.0% |
净利率BXPDLX
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.2% | ||
| Q3 25 | -14.0% | 6.2% | ||
| Q2 25 | 10.2% | 4.3% | ||
| Q1 25 | 7.1% | 2.6% | ||
| Q4 24 | -26.7% | 2.4% | ||
| Q3 24 | 9.7% | 1.7% | ||
| Q2 24 | 9.4% | 3.8% |
每股收益（稀释后）BXPDLX
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.25 | ||
| Q3 25 | $-0.77 | $0.74 | ||
| Q2 25 | $0.56 | $0.50 | ||
| Q1 25 | $0.39 | $0.31 | ||
| Q4 24 | $-1.46 | $0.28 | ||
| Q3 24 | $0.53 | $0.20 | ||
| Q2 24 | $0.51 | $0.46 |
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 | $36.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $680.7M |
| 总资产 | $25.1B | $2.9B |
| 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BXPDLX
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $36.9M | ||
| Q3 25 | $861.1M | $25.8M | ||
| Q2 25 | $447.0M | $26.0M | ||
| Q1 25 | $398.1M | $30.3M | ||
| Q4 24 | $1.3B | $34.4M | ||
| Q3 24 | $1.4B | $41.3M | ||
| Q2 24 | $685.4M | $23.1M |
股东权益BXPDLX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $680.7M | ||
| Q3 25 | $5.0B | $664.1M | ||
| Q2 25 | $5.3B | $638.7M | ||
| Q1 25 | $5.3B | $622.5M | ||
| Q4 24 | $5.4B | $620.9M | ||
| Q3 24 | $5.8B | $612.7M | ||
| Q2 24 | $5.8B | $620.5M |
总资产BXPDLX
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.9B | ||
| Q3 25 | $26.0B | $2.6B | ||
| Q2 25 | $25.6B | $2.5B | ||
| Q1 25 | $25.4B | $2.6B | ||
| Q4 24 | $26.1B | $2.8B | ||
| Q3 24 | $26.4B | $2.6B | ||
| Q2 24 | $25.5B | $2.7B |
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 | — | $102.1M |
| 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 | — | 8.53× |
| 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BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $102.1M | ||
| Q3 25 | $274.2M | $67.1M | ||
| Q2 25 | $353.1M | $51.1M | ||
| Q1 25 | $210.0M | $50.3M | ||
| Q4 24 | $383.7M | $60.2M | ||
| Q3 24 | $286.1M | $67.9M | ||
| Q2 24 | $367.1M | $39.6M |
自由现金流BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | $27.8M | ||
| Q1 25 | $152.6M | $24.3M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $46.7M | ||
| Q2 24 | $332.4M | $11.4M |
自由现金流率BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | 5.3% | ||
| Q1 25 | 17.6% | 4.5% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | 8.8% | ||
| Q2 24 | 39.1% | 2.1% |
资本支出强度BXPDLX
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | 4.5% | ||
| Q1 25 | 6.6% | 4.8% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 4.0% | ||
| Q2 24 | 4.1% | 5.2% |
现金转化率BXPDLX
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 8.53× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | 3.97× | 2.28× | ||
| Q1 25 | 3.43× | 3.59× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | 3.42× | 7.60× | ||
| Q2 24 | 4.61× | 1.94× |
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% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
