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BXP, Inc.（BXP）与伊萨（ESAB）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是伊萨的1.2倍（$872.1M vs $727.8M），BXP, Inc.净利率更高（15.3% vs 7.5%，领先7.7%），伊萨同比增速更快（8.5% vs 0.8%），过去两年伊萨的营收复合增速更高（2.8% 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。
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
BXP vs ESAB — 直观对比
营收规模更大
BXP
是对方的1.2倍
$727.8M
营收增速更快
ESAB
高出7.7%
0.8%
净利率更高
BXP
高出7.7%
7.5%
两年增速更快
ESAB
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $727.8M |
| 净利润 | $133.0M | $54.8M |
| 毛利率 | — | 37.0% |
| 营业利润率 | — | 14.6% |
| 净利率 | 15.3% | 7.5% |
| 营收同比 | 0.8% | 8.5% |
| 净利润同比 | 53.0% | 2.1% |
| 每股收益（稀释后） | $1.69 | $0.90 |
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BXPESAB
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $727.8M | ||
| Q3 25 | $871.5M | $715.6M | ||
| Q2 25 | $868.5M | $678.1M | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | $670.8M | ||
| Q3 24 | $859.2M | $673.3M | ||
| Q2 24 | $850.5M | $707.1M |
净利润BXPESAB
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $54.8M | ||
| Q3 25 | $-121.7M | $66.9M | ||
| Q2 25 | $89.0M | $67.4M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | $53.7M | ||
| Q3 24 | $83.6M | $68.2M | ||
| Q2 24 | $79.6M | $82.9M |
毛利率BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 37.0% | ||
| Q3 25 | 59.3% | 37.2% | ||
| Q2 25 | 59.2% | 37.6% | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | 38.5% | ||
| Q3 24 | 59.5% | 37.7% | ||
| Q2 24 | 59.8% | 38.2% |
营业利润率BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 16.9% |
净利率BXPESAB
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.5% | ||
| Q3 25 | -14.0% | 9.3% | ||
| Q2 25 | 10.2% | 9.9% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | 8.0% | ||
| Q3 24 | 9.7% | 10.1% | ||
| Q2 24 | 9.4% | 11.7% |
每股收益（稀释后）BXPESAB
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.90 | ||
| Q3 25 | $-0.77 | $1.09 | ||
| Q2 25 | $0.56 | $1.10 | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | $0.87 | ||
| Q3 24 | $0.53 | $1.11 | ||
| Q2 24 | $0.51 | $1.35 |
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 | $218.2M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $25.1B | $4.9B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资BXPESAB
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $218.2M | ||
| Q3 25 | $861.1M | $258.2M | ||
| Q2 25 | $447.0M | $291.3M | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $249.4M | ||
| Q3 24 | $1.4B | $253.7M | ||
| Q2 24 | $685.4M | $228.5M |
总债务BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
股东权益BXPESAB
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.1B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.7B |
总资产BXPESAB
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.9B | ||
| Q3 25 | $26.0B | $4.4B | ||
| Q2 25 | $25.6B | $4.2B | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | $4.0B | ||
| Q3 24 | $26.4B | $4.1B | ||
| Q2 24 | $25.5B | $4.0B |
负债/权益比BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× |
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 | — | $81.5M |
| 自由现金流经营现金流 - 资本支出 | — | $70.3M |
| 自由现金流率自由现金流/营收 | — | 9.7% |
| 资本支出强度资本支出/营收 | 1.5% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 1.49× |
| 过去12个月自由现金流最近4个季度 | — | $238.0M |
8季度趋势，按日历期对齐
经营现金流BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $81.5M | ||
| Q3 25 | $274.2M | $46.6M | ||
| Q2 25 | $353.1M | $35.4M | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | $126.9M | ||
| Q3 24 | $286.1M | $101.0M | ||
| Q2 24 | $367.1M | $83.0M |
自由现金流BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $70.3M | ||
| Q3 25 | $231.6M | $37.4M | ||
| Q2 25 | $281.5M | $28.1M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $102.2M | ||
| Q3 24 | $234.5M | $90.4M | ||
| Q2 24 | $332.4M | $74.0M |
自由现金流率BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 9.7% | ||
| Q3 25 | 26.6% | 5.2% | ||
| Q2 25 | 32.4% | 4.1% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | 15.2% | ||
| Q3 24 | 27.3% | 13.4% | ||
| Q2 24 | 39.1% | 10.5% |
资本支出强度BXPESAB
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.5% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 3.7% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 1.3% |
现金转化率BXPESAB
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 3.97× | 0.53× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 3.42× | 1.48× | ||
| Q2 24 | 4.61× | 1.00× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
