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BXP, Inc.（BXP）与Dynatrace, Inc.（DT）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Dynatrace, Inc.的1.7倍（$872.1M vs $515.5M），BXP, Inc.净利率更高（15.3% vs 7.8%，领先7.5%），Dynatrace, Inc.同比增速更快（18.2% vs 0.8%），过去两年Dynatrace, Inc.的营收复合增速更高（16.3% 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。
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
BXP vs DT — 直观对比
营收规模更大
BXP
是对方的1.7倍
$515.5M
营收增速更快
DT
高出17.4%
0.8%
净利率更高
BXP
高出7.5%
7.8%
两年增速更快
DT
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $515.5M |
| 净利润 | $133.0M | $40.1M |
| 毛利率 | — | 81.4% |
| 营业利润率 | — | 14.1% |
| 净利率 | 15.3% | 7.8% |
| 营收同比 | 0.8% | 18.2% |
| 净利润同比 | 53.0% | -88.9% |
| 每股收益（稀释后） | $1.69 | $0.13 |
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BXPDT
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $515.5M | ||
| Q3 25 | $871.5M | $493.8M | ||
| Q2 25 | $868.5M | $477.3M | ||
| Q1 25 | $865.2M | $445.2M | ||
| Q4 24 | $858.6M | $436.2M | ||
| Q3 24 | $859.2M | $418.1M | ||
| Q2 24 | $850.5M | $399.2M |
净利润BXPDT
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $40.1M | ||
| Q3 25 | $-121.7M | $57.2M | ||
| Q2 25 | $89.0M | $48.0M | ||
| Q1 25 | $61.2M | $39.3M | ||
| Q4 24 | $-228.9M | $361.8M | ||
| Q3 24 | $83.6M | $44.0M | ||
| Q2 24 | $79.6M | $38.6M |
毛利率BXPDT
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 81.4% | ||
| Q3 25 | 59.3% | 81.8% | ||
| Q2 25 | 59.2% | 82.1% | ||
| Q1 25 | 59.2% | 80.9% | ||
| Q4 24 | 59.7% | 81.1% | ||
| Q3 24 | 59.5% | 81.4% | ||
| Q2 24 | 59.8% | 81.3% |
营业利润率BXPDT
| Q1 26 | — | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 10.5% |
净利率BXPDT
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.8% | ||
| Q3 25 | -14.0% | 11.6% | ||
| Q2 25 | 10.2% | 10.0% | ||
| Q1 25 | 7.1% | 8.8% | ||
| Q4 24 | -26.7% | 82.9% | ||
| Q3 24 | 9.7% | 10.5% | ||
| Q2 24 | 9.4% | 9.7% |
每股收益（稀释后）BXPDT
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.13 | ||
| Q3 25 | $-0.77 | $0.19 | ||
| Q2 25 | $0.56 | $0.16 | ||
| Q1 25 | $0.39 | $0.12 | ||
| Q4 24 | $-1.46 | $1.19 | ||
| Q3 24 | $0.53 | $0.15 | ||
| Q2 24 | $0.51 | $0.13 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $4.1B |
| 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BXPDT
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $861.1M | $1.3B | ||
| Q2 25 | $447.0M | $1.3B | ||
| Q1 25 | $398.1M | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $685.4M | $1.0B |
股东权益BXPDT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $5.8B | $2.1B | ||
| Q2 24 | $5.8B | $2.1B |
总资产BXPDT
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.1B | ||
| Q3 25 | $26.0B | $4.1B | ||
| Q2 25 | $25.6B | $4.1B | ||
| Q1 25 | $25.4B | $4.1B | ||
| Q4 24 | $26.1B | $3.7B | ||
| Q3 24 | $26.4B | $3.3B | ||
| Q2 24 | $25.5B | $3.3B |
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 | — | $33.8M |
| 自由现金流经营现金流 - 资本支出 | — | $27.2M |
| 自由现金流率自由现金流/营收 | — | 5.3% |
| 资本支出强度资本支出/营收 | 1.5% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 0.84× |
| 过去12个月自由现金流最近4个季度 | — | $465.5M |
8季度趋势，按日历期对齐
经营现金流BXPDT
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $33.8M | ||
| Q3 25 | $274.2M | $32.0M | ||
| Q2 25 | $353.1M | $269.7M | ||
| Q1 25 | $210.0M | $162.8M | ||
| Q4 24 | $383.7M | $42.2M | ||
| Q3 24 | $286.1M | $23.6M | ||
| Q2 24 | $367.1M | $230.7M |
自由现金流BXPDT
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $27.2M | ||
| Q3 25 | $231.6M | $27.8M | ||
| Q2 25 | $281.5M | $262.2M | ||
| Q1 25 | $152.6M | $148.2M | ||
| Q4 24 | $312.5M | $37.6M | ||
| Q3 24 | $234.5M | $20.1M | ||
| Q2 24 | $332.4M | $227.4M |
自由现金流率BXPDT
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 5.3% | ||
| Q3 25 | 26.6% | 5.6% | ||
| Q2 25 | 32.4% | 54.9% | ||
| Q1 25 | 17.6% | 33.3% | ||
| Q4 24 | 36.4% | 8.6% | ||
| Q3 24 | 27.3% | 4.8% | ||
| Q2 24 | 39.1% | 57.0% |
资本支出强度BXPDT
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.3% | ||
| Q3 25 | 4.9% | 0.8% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 6.6% | 3.3% | ||
| Q4 24 | 8.3% | 1.1% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 4.1% | 0.8% |
现金转化率BXPDT
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.84× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | 3.97× | 5.62× | ||
| Q1 25 | 3.43× | 4.14× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | 3.42× | 0.54× | ||
| Q2 24 | 4.61× | 5.97× |
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% |
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
