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BXP, Inc.（BXP）与ETSY INC（ETSY）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ETSY INC的1.0倍（$872.1M vs $831.5M），BXP, Inc.净利率更高（15.3% vs 12.6%，领先2.7%），ETSY INC同比增速更快（7.6% vs 0.8%），过去两年ETSY INC的营收复合增速更高（13.3% 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。
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
BXP vs ETSY — 直观对比
营收规模更大
BXP
是对方的1.0倍
$831.5M
营收增速更快
ETSY
高出6.8%
0.8%
净利率更高
BXP
高出2.7%
12.6%
两年增速更快
ETSY
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $831.5M |
| 净利润 | $133.0M | $104.7M |
| 毛利率 | — | 54.8% |
| 营业利润率 | — | 59.6% |
| 净利率 | 15.3% | 12.6% |
| 营收同比 | 0.8% | 7.6% |
| 净利润同比 | 53.0% | 398.3% |
| 每股收益（稀释后） | $1.69 | $0.89 |
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BXPETSY
| Q1 26 | $872.1M | $831.5M | ||
| Q4 25 | $877.1M | $881.6M | ||
| Q3 25 | $871.5M | $678.0M | ||
| Q2 25 | $868.5M | $672.7M | ||
| Q1 25 | $865.2M | $651.2M | ||
| Q4 24 | $858.6M | $852.2M | ||
| Q3 24 | $859.2M | $662.4M | ||
| Q2 24 | $850.5M | $647.8M |
净利润BXPETSY
| Q1 26 | $133.0M | $104.7M | ||
| Q4 25 | $248.4M | $110.7M | ||
| Q3 25 | $-121.7M | $75.5M | ||
| Q2 25 | $89.0M | $28.8M | ||
| Q1 25 | $61.2M | $-52.1M | ||
| Q4 24 | $-228.9M | $129.9M | ||
| Q3 24 | $83.6M | $57.4M | ||
| Q2 24 | $79.6M | $53.0M |
毛利率BXPETSY
| Q1 26 | — | 54.8% | ||
| Q4 25 | 58.8% | 73.1% | ||
| Q3 25 | 59.3% | 71.3% | ||
| Q2 25 | 59.2% | 71.2% | ||
| Q1 25 | 59.2% | 70.5% | ||
| Q4 24 | 59.7% | 74.5% | ||
| Q3 24 | 59.5% | 72.0% | ||
| Q2 24 | 59.8% | 71.6% |
营业利润率BXPETSY
| Q1 26 | — | 59.6% | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 10.8% |
净利率BXPETSY
| Q1 26 | 15.3% | 12.6% | ||
| Q4 25 | 28.3% | 12.6% | ||
| Q3 25 | -14.0% | 11.1% | ||
| Q2 25 | 10.2% | 4.3% | ||
| Q1 25 | 7.1% | -8.0% | ||
| Q4 24 | -26.7% | 15.2% | ||
| Q3 24 | 9.7% | 8.7% | ||
| Q2 24 | 9.4% | 8.2% |
每股收益（稀释后）BXPETSY
| Q1 26 | $1.69 | $0.89 | ||
| Q4 25 | $1.56 | $1.00 | ||
| Q3 25 | $-0.77 | $0.63 | ||
| Q2 25 | $0.56 | $0.25 | ||
| Q1 25 | $0.39 | $-0.49 | ||
| Q4 24 | $-1.46 | $1.01 | ||
| Q3 24 | $0.53 | $0.45 | ||
| Q2 24 | $0.51 | $0.41 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | — |
| 总资产 | $25.1B | $2.7B |
| 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BXPETSY
| Q1 26 | $512.8M | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $861.1M | $1.2B | ||
| Q2 25 | $447.0M | $1.2B | ||
| Q1 25 | $398.1M | $649.2M | ||
| Q4 24 | $1.3B | $811.2M | ||
| Q3 24 | $1.4B | $818.9M | ||
| Q2 24 | $685.4M | $759.2M |
总债务BXPETSY
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益BXPETSY
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $-1.1B | ||
| Q3 25 | $5.0B | $-1.1B | ||
| Q2 25 | $5.3B | $-1.1B | ||
| Q1 25 | $5.3B | $-910.3M | ||
| Q4 24 | $5.4B | $-758.9M | ||
| Q3 24 | $5.8B | $-624.3M | ||
| Q2 24 | $5.8B | $-635.0M |
总资产BXPETSY
| Q1 26 | $25.1B | $2.7B | ||
| Q4 25 | $26.2B | $2.8B | ||
| Q3 25 | $26.0B | $2.7B | ||
| Q2 25 | $25.6B | $2.6B | ||
| Q1 25 | $25.4B | $2.1B | ||
| Q4 24 | $26.1B | $2.4B | ||
| Q3 24 | $26.4B | $2.4B | ||
| Q2 24 | $25.5B | $2.4B |
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 | — | $725.0M |
| 自由现金流经营现金流 - 资本支出 | — | $671.2M |
| 自由现金流率自由现金流/营收 | — | 80.7% |
| 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 | — | 6.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流BXPETSY
| Q1 26 | — | $725.0M | ||
| Q4 25 | $407.8M | $317.1M | ||
| Q3 25 | $274.2M | $219.0M | ||
| Q2 25 | $353.1M | $108.1M | ||
| Q1 25 | $210.0M | $49.2M | ||
| Q4 24 | $383.7M | $315.0M | ||
| Q3 24 | $286.1M | $217.4M | ||
| Q2 24 | $367.1M | $151.1M |
自由现金流BXPETSY
| Q1 26 | — | $671.2M | ||
| Q4 25 | $362.7M | $315.9M | ||
| Q3 25 | $231.6M | $215.0M | ||
| Q2 25 | $281.5M | $101.3M | ||
| Q1 25 | $152.6M | $45.9M | ||
| Q4 24 | $312.5M | $310.9M | ||
| Q3 24 | $234.5M | $213.2M | ||
| Q2 24 | $332.4M | $147.4M |
自由现金流率BXPETSY
| Q1 26 | — | 80.7% | ||
| Q4 25 | 41.4% | 35.8% | ||
| Q3 25 | 26.6% | 31.7% | ||
| Q2 25 | 32.4% | 15.1% | ||
| Q1 25 | 17.6% | 7.1% | ||
| Q4 24 | 36.4% | 36.5% | ||
| Q3 24 | 27.3% | 32.2% | ||
| Q2 24 | 39.1% | 22.8% |
资本支出强度BXPETSY
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 6.6% | 0.5% | ||
| Q4 24 | 8.3% | 0.5% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 4.1% | 0.6% |
现金转化率BXPETSY
| Q1 26 | — | 6.93× | ||
| Q4 25 | 1.64× | 2.86× | ||
| Q3 25 | — | 2.90× | ||
| Q2 25 | 3.97× | 3.75× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | 3.42× | 3.79× | ||
| Q2 24 | 4.61× | 2.85× |
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% |
ETSY
暂无分部数据
