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BXP, Inc.（BXP）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是BXP, Inc.的1.6倍（$1.4B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 7.8%，领先7.5%），EPAM Systems同比增速更快（12.8% vs 0.8%），过去两年EPAM Systems的营收复合增速更高（9.9% 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。
EPAM Systems是总部位于美国宾夕法尼亚州纽敦的企业，核心业务涵盖软件工程服务、数字平台研发、数字产品设计三大板块，同时是MACH联盟的创始成员，在全球数字化服务赛道拥有深厚的技术积累与行业认可度。
BXP vs EPAM — 直观对比
营收规模更大
EPAM
是对方的1.6倍
$872.1M
营收增速更快
EPAM
高出12.0%
0.8%
净利率更高
BXP
高出7.5%
7.8%
两年增速更快
EPAM
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.4B |
| 净利润 | $133.0M | $109.4M |
| 毛利率 | — | 30.1% |
| 营业利润率 | — | 10.6% |
| 净利率 | 15.3% | 7.8% |
| 营收同比 | 0.8% | 12.8% |
| 净利润同比 | 53.0% | 5.9% |
| 每股收益（稀释后） | $1.69 | $1.97 |
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BXPEPAM
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.4B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.4B | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPEPAM
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $109.4M | ||
| Q3 25 | $-121.7M | $106.8M | ||
| Q2 25 | $89.0M | $88.0M | ||
| Q1 25 | $61.2M | $73.5M | ||
| Q4 24 | $-228.9M | $103.3M | ||
| Q3 24 | $83.6M | $136.3M | ||
| Q2 24 | $79.6M | $98.6M |
毛利率BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 30.1% | ||
| Q3 25 | 59.3% | 29.5% | ||
| Q2 25 | 59.2% | 28.8% | ||
| Q1 25 | 59.2% | 26.9% | ||
| Q4 24 | 59.7% | 30.4% | ||
| Q3 24 | 59.5% | 34.6% | ||
| Q2 24 | 59.8% | 29.3% |
营业利润率BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 10.5% |
净利率BXPEPAM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.8% | ||
| Q3 25 | -14.0% | 7.7% | ||
| Q2 25 | 10.2% | 6.5% | ||
| Q1 25 | 7.1% | 5.6% | ||
| Q4 24 | -26.7% | 8.3% | ||
| Q3 24 | 9.7% | 11.7% | ||
| Q2 24 | 9.4% | 8.6% |
每股收益（稀释后）BXPEPAM
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.97 | ||
| Q3 25 | $-0.77 | $1.91 | ||
| Q2 25 | $0.56 | $1.56 | ||
| Q1 25 | $0.39 | $1.28 | ||
| Q4 24 | $-1.46 | $1.80 | ||
| Q3 24 | $0.53 | $2.37 | ||
| Q2 24 | $0.51 | $1.70 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.7B |
| 总资产 | $25.1B | $4.9B |
| 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BXPEPAM
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $861.1M | $1.2B | ||
| Q2 25 | $447.0M | $1.0B | ||
| Q1 25 | $398.1M | $1.2B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $685.4M | $1.8B |
股东权益BXPEPAM
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.7B | ||
| Q3 25 | $5.0B | $3.7B | ||
| Q2 25 | $5.3B | $3.7B | ||
| Q1 25 | $5.3B | $3.6B | ||
| Q4 24 | $5.4B | $3.6B | ||
| Q3 24 | $5.8B | $3.6B | ||
| Q2 24 | $5.8B | $3.4B |
总资产BXPEPAM
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.9B | ||
| Q3 25 | $26.0B | $4.8B | ||
| Q2 25 | $25.6B | $4.7B | ||
| Q1 25 | $25.4B | $4.7B | ||
| Q4 24 | $26.1B | $4.8B | ||
| Q3 24 | $26.4B | $4.5B | ||
| Q2 24 | $25.5B | $4.2B |
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 | — | $282.9M |
| 自由现金流经营现金流 - 资本支出 | — | $268.1M |
| 自由现金流率自由现金流/营收 | — | 19.0% |
| 资本支出强度资本支出/营收 | 1.5% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.59× |
| 过去12个月自由现金流最近4个季度 | — | $612.7M |
8季度趋势，按日历期对齐
经营现金流BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $282.9M | ||
| Q3 25 | $274.2M | $294.7M | ||
| Q2 25 | $353.1M | $53.2M | ||
| Q1 25 | $210.0M | $24.2M | ||
| Q4 24 | $383.7M | $130.3M | ||
| Q3 24 | $286.1M | $242.0M | ||
| Q2 24 | $367.1M | $57.0M |
自由现金流BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $268.1M | ||
| Q3 25 | $231.6M | $286.4M | ||
| Q2 25 | $281.5M | $43.4M | ||
| Q1 25 | $152.6M | $14.8M | ||
| Q4 24 | $312.5M | $114.5M | ||
| Q3 24 | $234.5M | $237.0M | ||
| Q2 24 | $332.4M | $52.3M |
自由现金流率BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 19.0% | ||
| Q3 25 | 26.6% | 20.5% | ||
| Q2 25 | 32.4% | 3.2% | ||
| Q1 25 | 17.6% | 1.1% | ||
| Q4 24 | 36.4% | 9.2% | ||
| Q3 24 | 27.3% | 20.3% | ||
| Q2 24 | 39.1% | 4.6% |
资本支出强度BXPEPAM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 0.7% | ||
| Q1 25 | 6.6% | 0.7% | ||
| Q4 24 | 8.3% | 1.3% | ||
| Q3 24 | 6.0% | 0.4% | ||
| Q2 24 | 4.1% | 0.4% |
现金转化率BXPEPAM
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.59× | ||
| Q3 25 | — | 2.76× | ||
| Q2 25 | 3.97× | 0.60× | ||
| Q1 25 | 3.43× | 0.33× | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 3.42× | 1.77× | ||
| Q2 24 | 4.61× | 0.58× |
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% |
EPAM
暂无分部数据
