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BXP, Inc.（BXP）与FirstCash Holdings, Inc.（FCFS）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FirstCash Holdings, Inc.的1.7倍（$872.1M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 15.3%，领先5.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 0.8%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
BXP vs FCFS — 直观对比
营收规模更大
BXP
是对方的1.7倍
$501.3M
营收增速更快
FCFS
高出20.4%
0.8%
净利率更高
FCFS
高出5.5%
15.3%
两年增速更快
FCFS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $501.3M |
| 净利润 | $133.0M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 28.5% |
| 净利率 | 15.3% | 20.8% |
| 营收同比 | 0.8% | 21.2% |
| 净利润同比 | 53.0% | 24.7% |
| 每股收益（稀释后） | $1.69 | $2.35 |
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BXPFCFS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $501.3M | ||
| Q3 25 | $871.5M | $411.0M | ||
| Q2 25 | $868.5M | $385.1M | ||
| Q1 25 | $865.2M | $371.1M | ||
| Q4 24 | $858.6M | $413.7M | ||
| Q3 24 | $859.2M | $363.1M | ||
| Q2 24 | $850.5M | $363.5M |
净利润BXPFCFS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $104.2M | ||
| Q3 25 | $-121.7M | $82.8M | ||
| Q2 25 | $89.0M | $59.8M | ||
| Q1 25 | $61.2M | $83.6M | ||
| Q4 24 | $-228.9M | $83.5M | ||
| Q3 24 | $83.6M | $64.8M | ||
| Q2 24 | $79.6M | $49.1M |
毛利率BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
营业利润率BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 18.2% |
净利率BXPFCFS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 20.8% | ||
| Q3 25 | -14.0% | 20.1% | ||
| Q2 25 | 10.2% | 15.5% | ||
| Q1 25 | 7.1% | 22.5% | ||
| Q4 24 | -26.7% | 20.2% | ||
| Q3 24 | 9.7% | 17.9% | ||
| Q2 24 | 9.4% | 13.5% |
每股收益（稀释后）BXPFCFS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.35 | ||
| Q3 25 | $-0.77 | $1.86 | ||
| Q2 25 | $0.56 | $1.34 | ||
| Q1 25 | $0.39 | $1.87 | ||
| Q4 24 | $-1.46 | $1.86 | ||
| Q3 24 | $0.53 | $1.44 | ||
| Q2 24 | $0.51 | $1.08 |
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 | $125.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $7.7B | $2.3B |
| 总资产 | $25.1B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资BXPFCFS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $125.2M | ||
| Q3 25 | $861.1M | $130.2M | ||
| Q2 25 | $447.0M | $101.5M | ||
| Q1 25 | $398.1M | $146.0M | ||
| Q4 24 | $1.3B | $175.1M | ||
| Q3 24 | $1.4B | $106.3M | ||
| Q2 24 | $685.4M | $113.7M |
总债务BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益BXPFCFS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.3B | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $5.3B | $2.1B | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $5.4B | $2.1B | ||
| Q3 24 | $5.8B | $2.0B | ||
| Q2 24 | $5.8B | $2.0B |
总资产BXPFCFS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.3B | ||
| Q3 25 | $26.0B | $5.2B | ||
| Q2 25 | $25.6B | $4.5B | ||
| Q1 25 | $25.4B | $4.4B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.4B | $4.4B | ||
| Q2 24 | $25.5B | $4.3B |
负债/权益比BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× |
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 | — | $206.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $206.6M | ||
| Q3 25 | $274.2M | $135.8M | ||
| Q2 25 | $353.1M | $116.9M | ||
| Q1 25 | $210.0M | $126.6M | ||
| Q4 24 | $383.7M | $198.1M | ||
| Q3 24 | $286.1M | $113.1M | ||
| Q2 24 | $367.1M | $106.2M |
自由现金流BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPFCFS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPFCFS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.98× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | 3.97× | 1.95× | ||
| Q1 25 | 3.43× | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 3.42× | 1.74× | ||
| Q2 24 | 4.61× | 2.16× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
