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BXP, Inc.（BXP）与Floor & Decor Holdings, Inc.（FND）财务数据对比。点击上方公司名可切换其他公司
Floor & Decor Holdings, Inc.的季度营收约是BXP, Inc.的1.3倍（$1.1B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 3.5%，领先11.8%），Floor & Decor Holdings, Inc.同比增速更快（2.0% vs 0.8%），过去两年Floor & Decor Holdings, Inc.的营收复合增速更高（1.5% 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。
Floor & Decor Holdings, Inc.是美国多渠道专业零售企业，对外使用Floor & Decor品牌开展业务，创立于2000年，总部位于美国佐治亚州士麦那，主营各类硬质面地板及相关配套配件，线上线下销售渠道全面覆盖。
BXP vs FND — 直观对比
营收规模更大
FND
是对方的1.3倍
$872.1M
营收增速更快
FND
高出1.2%
0.8%
净利率更高
BXP
高出11.8%
3.5%
两年增速更快
FND
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $39.3M |
| 毛利率 | — | 43.5% |
| 营业利润率 | — | 4.6% |
| 净利率 | 15.3% | 3.5% |
| 营收同比 | 0.8% | 2.0% |
| 净利润同比 | 53.0% | -17.2% |
| 每股收益（稀释后） | $1.69 | $0.36 |
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BXPFND
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPFND
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $39.3M | ||
| Q3 25 | $-121.7M | $57.3M | ||
| Q2 25 | $89.0M | $63.2M | ||
| Q1 25 | $61.2M | $48.9M | ||
| Q4 24 | $-228.9M | $47.5M | ||
| Q3 24 | $83.6M | $51.7M | ||
| Q2 24 | $79.6M | $56.7M |
毛利率BXPFND
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 43.5% | ||
| Q3 25 | 59.3% | 43.4% | ||
| Q2 25 | 59.2% | 43.9% | ||
| Q1 25 | 59.2% | 43.8% | ||
| Q4 24 | 59.7% | 43.5% | ||
| Q3 24 | 59.5% | 43.5% | ||
| Q2 24 | 59.8% | 43.3% |
营业利润率BXPFND
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 6.3% |
净利率BXPFND
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 3.5% | ||
| Q3 25 | -14.0% | 4.9% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 7.1% | 4.2% | ||
| Q4 24 | -26.7% | 4.3% | ||
| Q3 24 | 9.7% | 4.6% | ||
| Q2 24 | 9.4% | 5.0% |
每股收益（稀释后）BXPFND
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.36 | ||
| Q3 25 | $-0.77 | $0.53 | ||
| Q2 25 | $0.56 | $0.58 | ||
| Q1 25 | $0.39 | $0.45 | ||
| Q4 24 | $-1.46 | $0.44 | ||
| Q3 24 | $0.53 | $0.48 | ||
| Q2 24 | $0.51 | $0.52 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.4B |
| 总资产 | $25.1B | $5.5B |
| 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BXPFND
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
股东权益BXPFND
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.3B | $2.2B | ||
| Q4 24 | $5.4B | $2.2B | ||
| Q3 24 | $5.8B | $2.1B | ||
| Q2 24 | $5.8B | $2.0B |
总资产BXPFND
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.5B | ||
| Q3 25 | $26.0B | $5.5B | ||
| Q2 25 | $25.6B | $5.4B | ||
| Q1 25 | $25.4B | $5.4B | ||
| Q4 24 | $26.1B | $5.1B | ||
| Q3 24 | $26.4B | $4.9B | ||
| Q2 24 | $25.5B | $4.8B |
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 | — | $124.1M |
| 自由现金流经营现金流 - 资本支出 | — | $45.1M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | 1.5% | 7.0% |
| 现金转化率经营现金流/净利润 | — | 3.15× |
| 过去12个月自由现金流最近4个季度 | — | $64.1M |
8季度趋势，按日历期对齐
经营现金流BXPFND
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $124.1M | ||
| Q3 25 | $274.2M | $102.5M | ||
| Q2 25 | $353.1M | $84.1M | ||
| Q1 25 | $210.0M | $71.2M | ||
| Q4 24 | $383.7M | $101.4M | ||
| Q3 24 | $286.1M | $160.3M | ||
| Q2 24 | $367.1M | $194.0M |
自由现金流BXPFND
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $45.1M | ||
| Q3 25 | $231.6M | $24.5M | ||
| Q2 25 | $281.5M | $-10.0M | ||
| Q1 25 | $152.6M | $4.4M | ||
| Q4 24 | $312.5M | $3.9M | ||
| Q3 24 | $234.5M | $36.5M | ||
| Q2 24 | $332.4M | $80.0M |
自由现金流率BXPFND
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 4.0% | ||
| Q3 25 | 26.6% | 2.1% | ||
| Q2 25 | 32.4% | -0.8% | ||
| Q1 25 | 17.6% | 0.4% | ||
| Q4 24 | 36.4% | 0.4% | ||
| Q3 24 | 27.3% | 3.3% | ||
| Q2 24 | 39.1% | 7.1% |
资本支出强度BXPFND
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 7.0% | ||
| Q3 25 | 4.9% | 6.6% | ||
| Q2 25 | 8.2% | 7.8% | ||
| Q1 25 | 6.6% | 5.7% | ||
| Q4 24 | 8.3% | 8.8% | ||
| Q3 24 | 6.0% | 11.1% | ||
| Q2 24 | 4.1% | 10.1% |
现金转化率BXPFND
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.15× | ||
| Q3 25 | — | 1.79× | ||
| Q2 25 | 3.97× | 1.33× | ||
| Q1 25 | 3.43× | 1.46× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | 3.42× | 3.10× | ||
| Q2 24 | 4.61× | 3.42× |
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% |
FND
| Laminate And Vinyl | $310.1M | 27% |
| Tile | $259.1M | 23% |
| Installation Materials And Tools | $218.4M | 19% |
| Decorative Accessories And Wall Tile | $177.0M | 16% |
| Wood | $83.2M | 7% |
| Natural Stone | $46.8M | 4% |
| Adjacent Categories | $26.6M | 2% |
| Other | $8.5M | 1% |
