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BXP, Inc.（BXP）与DXP ENTERPRISES INC（DXPE）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DXP ENTERPRISES INC的1.7倍（$872.1M vs $527.4M），BXP, Inc.净利率更高（15.3% vs 4.3%，领先10.9%），DXP ENTERPRISES INC同比增速更快（12.0% vs 0.8%），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% 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。
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
BXP vs DXPE — 直观对比
营收规模更大
BXP
是对方的1.7倍
$527.4M
营收增速更快
DXPE
高出11.2%
0.8%
净利率更高
BXP
高出10.9%
4.3%
两年增速更快
DXPE
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $527.4M |
| 净利润 | $133.0M | $22.8M |
| 毛利率 | — | 31.6% |
| 营业利润率 | — | 8.8% |
| 净利率 | 15.3% | 4.3% |
| 营收同比 | 0.8% | 12.0% |
| 净利润同比 | 53.0% | 6.9% |
| 每股收益（稀释后） | $1.69 | $1.38 |
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BXPDXPE
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $527.4M | ||
| Q3 25 | $871.5M | $513.7M | ||
| Q2 25 | $868.5M | $498.7M | ||
| Q1 25 | $865.2M | $476.6M | ||
| Q4 24 | $858.6M | $470.9M | ||
| Q3 24 | $859.2M | $472.9M | ||
| Q2 24 | $850.5M | $445.6M |
净利润BXPDXPE
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $22.8M | ||
| Q3 25 | $-121.7M | $21.6M | ||
| Q2 25 | $89.0M | $23.6M | ||
| Q1 25 | $61.2M | $20.6M | ||
| Q4 24 | $-228.9M | $21.4M | ||
| Q3 24 | $83.6M | $21.1M | ||
| Q2 24 | $79.6M | $16.7M |
毛利率BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 31.6% | ||
| Q3 25 | 59.3% | 31.4% | ||
| Q2 25 | 59.2% | 31.6% | ||
| Q1 25 | 59.2% | 31.5% | ||
| Q4 24 | 59.7% | 31.5% | ||
| Q3 24 | 59.5% | 30.9% | ||
| Q2 24 | 59.8% | 30.9% |
营业利润率BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 8.4% |
净利率BXPDXPE
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.3% | ||
| Q3 25 | -14.0% | 4.2% | ||
| Q2 25 | 10.2% | 4.7% | ||
| Q1 25 | 7.1% | 4.3% | ||
| Q4 24 | -26.7% | 4.5% | ||
| Q3 24 | 9.7% | 4.5% | ||
| Q2 24 | 9.4% | 3.7% |
每股收益（稀释后）BXPDXPE
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.38 | ||
| Q3 25 | $-0.77 | $1.31 | ||
| Q2 25 | $0.56 | $1.43 | ||
| Q1 25 | $0.39 | $1.25 | ||
| Q4 24 | $-1.46 | $1.28 | ||
| Q3 24 | $0.53 | $1.27 | ||
| Q2 24 | $0.51 | $1.00 |
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 | $303.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $498.4M |
| 总资产 | $25.1B | $1.7B |
| 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BXPDXPE
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $303.8M | ||
| Q3 25 | $861.1M | $123.8M | ||
| Q2 25 | $447.0M | $112.9M | ||
| Q1 25 | $398.1M | $114.3M | ||
| Q4 24 | $1.3B | $148.3M | ||
| Q3 24 | $1.4B | $35.0M | ||
| Q2 24 | $685.4M | $49.9M |
股东权益BXPDXPE
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $498.4M | ||
| Q3 25 | $5.0B | $488.3M | ||
| Q2 25 | $5.3B | $468.1M | ||
| Q1 25 | $5.3B | $444.7M | ||
| Q4 24 | $5.4B | $422.8M | ||
| Q3 24 | $5.8B | $402.4M | ||
| Q2 24 | $5.8B | $384.7M |
总资产BXPDXPE
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $1.7B | ||
| Q3 25 | $26.0B | $1.4B | ||
| Q2 25 | $25.6B | $1.4B | ||
| Q1 25 | $25.4B | $1.4B | ||
| Q4 24 | $26.1B | $1.3B | ||
| Q3 24 | $26.4B | $1.2B | ||
| Q2 24 | $25.5B | $1.2B |
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 | — | $37.8M |
| 自由现金流经营现金流 - 资本支出 | — | $34.5M |
| 自由现金流率自由现金流/营收 | — | 6.5% |
| 资本支出强度资本支出/营收 | 1.5% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $54.0M |
8季度趋势，按日历期对齐
经营现金流BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $37.8M | ||
| Q3 25 | $274.2M | $34.9M | ||
| Q2 25 | $353.1M | $18.6M | ||
| Q1 25 | $210.0M | $3.0M | ||
| Q4 24 | $383.7M | $32.1M | ||
| Q3 24 | $286.1M | $28.3M | ||
| Q2 24 | $367.1M | $14.7M |
自由现金流BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $34.5M | ||
| Q3 25 | $231.6M | $28.1M | ||
| Q2 25 | $281.5M | $8.3M | ||
| Q1 25 | $152.6M | $-16.9M | ||
| Q4 24 | $312.5M | $22.7M | ||
| Q3 24 | $234.5M | $24.4M | ||
| Q2 24 | $332.4M | $5.9M |
自由现金流率BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 6.5% | ||
| Q3 25 | 26.6% | 5.5% | ||
| Q2 25 | 32.4% | 1.7% | ||
| Q1 25 | 17.6% | -3.6% | ||
| Q4 24 | 36.4% | 4.8% | ||
| Q3 24 | 27.3% | 5.2% | ||
| Q2 24 | 39.1% | 1.3% |
资本支出强度BXPDXPE
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.6% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | 8.2% | 2.1% | ||
| Q1 25 | 6.6% | 4.2% | ||
| Q4 24 | 8.3% | 2.0% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 4.1% | 2.0% |
现金转化率BXPDXPE
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.65× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | 3.97× | 0.79× | ||
| Q1 25 | 3.43× | 0.14× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | 3.42× | 1.34× | ||
| Q2 24 | 4.61× | 0.88× |
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% |
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
