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BXP, Inc.（BXP）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.6倍（$872.1M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs 15.3%，领先3.3%），BXP, Inc.同比增速更快（0.8% vs -0.4%），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% 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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
BXP vs EXP — 直观对比
营收规模更大
BXP
是对方的1.6倍
$556.0M
营收增速更快
BXP
高出1.2%
-0.4%
净利率更高
EXP
高出3.3%
15.3%
两年增速更快
EXP
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $556.0M |
| 净利润 | $133.0M | $102.9M |
| 毛利率 | — | 28.9% |
| 营业利润率 | — | — |
| 净利率 | 15.3% | 18.5% |
| 营收同比 | 0.8% | -0.4% |
| 净利润同比 | 53.0% | -13.9% |
| 每股收益（稀释后） | $1.69 | $3.22 |
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BXPEXP
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $556.0M | ||
| Q3 25 | $871.5M | $638.9M | ||
| Q2 25 | $868.5M | $634.7M | ||
| Q1 25 | $865.2M | $470.2M | ||
| Q4 24 | $858.6M | $558.0M | ||
| Q3 24 | $859.2M | $623.6M | ||
| Q2 24 | $850.5M | $608.7M |
净利润BXPEXP
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $102.9M | ||
| Q3 25 | $-121.7M | $137.4M | ||
| Q2 25 | $89.0M | $123.4M | ||
| Q1 25 | $61.2M | $66.5M | ||
| Q4 24 | $-228.9M | $119.6M | ||
| Q3 24 | $83.6M | $143.5M | ||
| Q2 24 | $79.6M | $133.8M |
毛利率BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 28.9% | ||
| Q3 25 | 59.3% | 31.3% | ||
| Q2 25 | 59.2% | 29.2% | ||
| Q1 25 | 59.2% | 22.2% | ||
| Q4 24 | 59.7% | 31.9% | ||
| Q3 24 | 59.5% | 32.7% | ||
| Q2 24 | 59.8% | 30.7% |
营业利润率BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 32.0% |
净利率BXPEXP
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 18.5% | ||
| Q3 25 | -14.0% | 21.5% | ||
| Q2 25 | 10.2% | 19.4% | ||
| Q1 25 | 7.1% | 14.1% | ||
| Q4 24 | -26.7% | 21.4% | ||
| Q3 24 | 9.7% | 23.0% | ||
| Q2 24 | 9.4% | 22.0% |
每股收益（稀释后）BXPEXP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.22 | ||
| Q3 25 | $-0.77 | $4.23 | ||
| Q2 25 | $0.56 | $3.76 | ||
| Q1 25 | $0.39 | $2.01 | ||
| Q4 24 | $-1.46 | $3.56 | ||
| Q3 24 | $0.53 | $4.26 | ||
| Q2 24 | $0.51 | $3.94 |
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 | $419.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.5B |
| 总资产 | $25.1B | $3.8B |
| 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BXPEXP
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $419.0M | ||
| Q3 25 | $861.1M | $35.0M | ||
| Q2 25 | $447.0M | $59.7M | ||
| Q1 25 | $398.1M | $20.4M | ||
| Q4 24 | $1.3B | $31.2M | ||
| Q3 24 | $1.4B | $93.9M | ||
| Q2 24 | $685.4M | $46.5M |
总债务BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPEXP
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.3B | $1.5B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.4B | $1.5B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPEXP
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.8B | ||
| Q3 25 | $26.0B | $3.4B | ||
| Q2 25 | $25.6B | $3.4B | ||
| Q1 25 | $25.4B | $3.3B | ||
| Q4 24 | $26.1B | $3.0B | ||
| Q3 24 | $26.4B | $3.1B | ||
| Q2 24 | $25.5B | $3.0B |
负债/权益比BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | — | $170.8M |
| 自由现金流经营现金流 - 资本支出 | — | $60.8M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | 1.5% | 19.8% |
| 现金转化率经营现金流/净利润 | — | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $231.8M |
8季度趋势，按日历期对齐
经营现金流BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $170.8M | ||
| Q3 25 | $274.2M | $204.6M | ||
| Q2 25 | $353.1M | $136.6M | ||
| Q1 25 | $210.0M | $62.8M | ||
| Q4 24 | $383.7M | $119.9M | ||
| Q3 24 | $286.1M | $233.3M | ||
| Q2 24 | $367.1M | $132.6M |
自由现金流BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $60.8M | ||
| Q3 25 | $231.6M | $96.1M | ||
| Q2 25 | $281.5M | $60.5M | ||
| Q1 25 | $152.6M | $14.5M | ||
| Q4 24 | $312.5M | $72.5M | ||
| Q3 24 | $234.5M | $166.8M | ||
| Q2 24 | $332.4M | $99.5M |
自由现金流率BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 10.9% | ||
| Q3 25 | 26.6% | 15.0% | ||
| Q2 25 | 32.4% | 9.5% | ||
| Q1 25 | 17.6% | 3.1% | ||
| Q4 24 | 36.4% | 13.0% | ||
| Q3 24 | 27.3% | 26.7% | ||
| Q2 24 | 39.1% | 16.3% |
资本支出强度BXPEXP
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 19.8% | ||
| Q3 25 | 4.9% | 17.0% | ||
| Q2 25 | 8.2% | 12.0% | ||
| Q1 25 | 6.6% | 10.3% | ||
| Q4 24 | 8.3% | 8.5% | ||
| Q3 24 | 6.0% | 10.7% | ||
| Q2 24 | 4.1% | 5.4% |
现金转化率BXPEXP
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.66× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 3.97× | 1.11× | ||
| Q1 25 | 3.43× | 0.94× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | 3.42× | 1.63× | ||
| Q2 24 | 4.61× | 0.99× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
