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BXP, Inc.（BXP）与ExlService Holdings, Inc.（EXLS）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ExlService Holdings, Inc.的1.6倍（$872.1M vs $542.6M），BXP, Inc.净利率更高（15.3% vs 11.1%，领先4.1%），ExlService Holdings, Inc.同比增速更快（12.7% vs 0.8%），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% 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。
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
BXP vs EXLS — 直观对比
营收规模更大
BXP
是对方的1.6倍
$542.6M
营收增速更快
EXLS
高出11.9%
0.8%
净利率更高
BXP
高出4.1%
11.1%
两年增速更快
EXLS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $542.6M |
| 净利润 | $133.0M | $60.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | — | 14.4% |
| 净利率 | 15.3% | 11.1% |
| 营收同比 | 0.8% | 12.7% |
| 净利润同比 | 53.0% | 18.9% |
| 每股收益（稀释后） | $1.69 | $0.38 |
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BXPEXLS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $542.6M | ||
| Q3 25 | $871.5M | $529.6M | ||
| Q2 25 | $868.5M | $514.5M | ||
| Q1 25 | $865.2M | $501.0M | ||
| Q4 24 | $858.6M | $481.4M | ||
| Q3 24 | $859.2M | $472.1M | ||
| Q2 24 | $850.5M | $448.4M |
净利润BXPEXLS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $60.2M | ||
| Q3 25 | $-121.7M | $58.2M | ||
| Q2 25 | $89.0M | $66.1M | ||
| Q1 25 | $61.2M | $66.6M | ||
| Q4 24 | $-228.9M | $50.7M | ||
| Q3 24 | $83.6M | $53.0M | ||
| Q2 24 | $79.6M | $45.8M |
毛利率BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 38.6% | ||
| Q3 25 | 59.3% | 38.5% | ||
| Q2 25 | 59.2% | 37.7% | ||
| Q1 25 | 59.2% | 38.6% | ||
| Q4 24 | 59.7% | 38.1% | ||
| Q3 24 | 59.5% | 37.8% | ||
| Q2 24 | 59.8% | 37.1% |
营业利润率BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 15.7% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 13.7% |
净利率BXPEXLS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 11.1% | ||
| Q3 25 | -14.0% | 11.0% | ||
| Q2 25 | 10.2% | 12.8% | ||
| Q1 25 | 7.1% | 13.3% | ||
| Q4 24 | -26.7% | 10.5% | ||
| Q3 24 | 9.7% | 11.2% | ||
| Q2 24 | 9.4% | 10.2% |
每股收益（稀释后）BXPEXLS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.38 | ||
| Q3 25 | $-0.77 | $0.36 | ||
| Q2 25 | $0.56 | $0.40 | ||
| Q1 25 | $0.39 | $0.40 | ||
| Q4 24 | $-1.46 | $0.31 | ||
| Q3 24 | $0.53 | $0.33 | ||
| Q2 24 | $0.51 | $0.28 |
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 | $328.4M |
| 总债务越低越好 | — | $298.6M |
| 股东权益账面价值 | $7.7B | $912.7M |
| 总资产 | $25.1B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BXPEXLS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $328.4M | ||
| Q3 25 | $861.1M | $390.1M | ||
| Q2 25 | $447.0M | $353.3M | ||
| Q1 25 | $398.1M | $331.4M | ||
| Q4 24 | $1.3B | $340.6M | ||
| Q3 24 | $1.4B | $325.8M | ||
| Q2 24 | $685.4M | $276.1M |
总债务BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | — | $298.6M | ||
| Q3 25 | — | $354.8M | ||
| Q2 25 | — | $260.0M | ||
| Q1 25 | — | $307.3M | ||
| Q4 24 | — | $288.5M | ||
| Q3 24 | — | $344.7M | ||
| Q2 24 | — | — |
股东权益BXPEXLS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $912.7M | ||
| Q3 25 | $5.0B | $952.4M | ||
| Q2 25 | $5.3B | $1.1B | ||
| Q1 25 | $5.3B | $1.0B | ||
| Q4 24 | $5.4B | $929.9M | ||
| Q3 24 | $5.8B | $907.6M | ||
| Q2 24 | $5.8B | $852.6M |
总资产BXPEXLS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $1.7B | ||
| Q3 25 | $26.0B | $1.7B | ||
| Q2 25 | $25.6B | $1.7B | ||
| Q1 25 | $25.4B | $1.7B | ||
| Q4 24 | $26.1B | $1.6B | ||
| Q3 24 | $26.4B | $1.6B | ||
| Q2 24 | $25.5B | $1.5B |
负债/权益比BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.31× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | — |
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 | — | $117.4M |
| 自由现金流经营现金流 - 资本支出 | — | $106.5M |
| 自由现金流率自由现金流/营收 | — | 19.6% |
| 资本支出强度资本支出/营收 | 1.5% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 1.95× |
| 过去12个月自由现金流最近4个季度 | — | $298.1M |
8季度趋势，按日历期对齐
经营现金流BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $117.4M | ||
| Q3 25 | $274.2M | $120.7M | ||
| Q2 25 | $353.1M | $109.4M | ||
| Q1 25 | $210.0M | $3.2M | ||
| Q4 24 | $383.7M | $105.3M | ||
| Q3 24 | $286.1M | $110.1M | ||
| Q2 24 | $367.1M | $74.9M |
自由现金流BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $106.5M | ||
| Q3 25 | $231.6M | $106.4M | ||
| Q2 25 | $281.5M | $95.0M | ||
| Q1 25 | $152.6M | $-9.7M | ||
| Q4 24 | $312.5M | $95.3M | ||
| Q3 24 | $234.5M | $97.3M | ||
| Q2 24 | $332.4M | $62.8M |
自由现金流率BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 19.6% | ||
| Q3 25 | 26.6% | 20.1% | ||
| Q2 25 | 32.4% | 18.5% | ||
| Q1 25 | 17.6% | -1.9% | ||
| Q4 24 | 36.4% | 19.8% | ||
| Q3 24 | 27.3% | 20.6% | ||
| Q2 24 | 39.1% | 14.0% |
资本支出强度BXPEXLS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 4.9% | 2.7% | ||
| Q2 25 | 8.2% | 2.8% | ||
| Q1 25 | 6.6% | 2.6% | ||
| Q4 24 | 8.3% | 2.1% | ||
| Q3 24 | 6.0% | 2.7% | ||
| Q2 24 | 4.1% | 2.7% |
现金转化率BXPEXLS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.95× | ||
| Q3 25 | — | 2.08× | ||
| Q2 25 | 3.97× | 1.66× | ||
| Q1 25 | 3.43× | 0.05× | ||
| Q4 24 | — | 2.08× | ||
| Q3 24 | 3.42× | 2.08× | ||
| Q2 24 | 4.61× | 1.63× |
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% |
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
