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BXP, Inc.（BXP）与Shift4 Payments, Inc.（FOUR）财务数据对比。点击上方公司名可切换其他公司
Shift4 Payments, Inc.的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 3.4%，领先11.9%），Shift4 Payments, Inc.同比增速更快（34.0% vs 0.8%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% 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。
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
BXP vs FOUR — 直观对比
营收规模更大
FOUR
是对方的1.4倍
$872.1M
营收增速更快
FOUR
高出33.2%
0.8%
净利率更高
BXP
高出11.9%
3.4%
两年增速更快
FOUR
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.8% |
| 净利率 | 15.3% | 3.4% |
| 营收同比 | 0.8% | 34.0% |
| 净利润同比 | 53.0% | -65.3% |
| 每股收益（稀释后） | $1.69 | — |
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BXPFOUR
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $966.2M | ||
| Q1 25 | $865.2M | $848.3M | ||
| Q4 24 | $858.6M | $887.0M | ||
| Q3 24 | $859.2M | $909.2M | ||
| Q2 24 | $850.5M | $827.0M |
净利润BXPFOUR
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $40.2M | ||
| Q3 25 | $-121.7M | $28.1M | ||
| Q2 25 | $89.0M | $34.0M | ||
| Q1 25 | $61.2M | $16.7M | ||
| Q4 24 | $-228.9M | $116.0M | ||
| Q3 24 | $83.6M | $53.8M | ||
| Q2 24 | $79.6M | $39.2M |
毛利率BXPFOUR
| 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BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 7.2% |
净利率BXPFOUR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 3.4% | ||
| Q3 25 | -14.0% | 2.4% | ||
| Q2 25 | 10.2% | 3.5% | ||
| Q1 25 | 7.1% | 2.0% | ||
| Q4 24 | -26.7% | 13.1% | ||
| Q3 24 | 9.7% | 5.9% | ||
| Q2 24 | 9.4% | 4.7% |
每股收益（稀释后）BXPFOUR
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — |
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 | $964.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 3.15× |
8季度趋势，按日历期对齐
现金及短期投资BXPFOUR
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $964.0M | ||
| Q3 25 | $861.1M | $1.5B | ||
| Q2 25 | $447.0M | $3.0B | ||
| Q1 25 | $398.1M | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $685.4M | $205.0M |
总债务BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPFOUR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.3B | $805.2M | ||
| Q4 24 | $5.4B | $806.6M | ||
| Q3 24 | $5.8B | $811.8M | ||
| Q2 24 | $5.8B | $700.8M |
总资产BXPFOUR
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.7B | ||
| Q3 25 | $26.0B | $9.0B | ||
| Q2 25 | $25.6B | $7.0B | ||
| Q1 25 | $25.4B | $5.0B | ||
| Q4 24 | $26.1B | $5.0B | ||
| Q3 24 | $26.4B | $5.0B | ||
| Q2 24 | $25.5B | $3.5B |
负债/权益比BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.15× | ||
| Q3 25 | — | 2.83× | ||
| Q2 25 | — | 2.34× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | — | 3.52× | ||
| 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 | — | $223.7M |
| 自由现金流经营现金流 - 资本支出 | — | $222.5M |
| 自由现金流率自由现金流/营收 | — | 18.7% |
| 资本支出强度资本支出/营收 | 1.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 5.56× |
| 过去12个月自由现金流最近4个季度 | — | $624.0M |
8季度趋势，按日历期对齐
经营现金流BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $223.7M | ||
| Q3 25 | $274.2M | $171.8M | ||
| Q2 25 | $353.1M | $141.9M | ||
| Q1 25 | $210.0M | $96.6M | ||
| Q4 24 | $383.7M | $145.4M | ||
| Q3 24 | $286.1M | $182.1M | ||
| Q2 24 | $367.1M | $116.1M |
自由现金流BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $222.5M | ||
| Q3 25 | $231.6M | $165.4M | ||
| Q2 25 | $281.5M | $141.0M | ||
| Q1 25 | $152.6M | $95.1M | ||
| Q4 24 | $312.5M | $143.8M | ||
| Q3 24 | $234.5M | $180.1M | ||
| Q2 24 | $332.4M | $113.9M |
自由现金流率BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 18.7% | ||
| Q3 25 | 26.6% | 14.1% | ||
| Q2 25 | 32.4% | 14.6% | ||
| Q1 25 | 17.6% | 11.2% | ||
| Q4 24 | 36.4% | 16.2% | ||
| Q3 24 | 27.3% | 19.8% | ||
| Q2 24 | 39.1% | 13.8% |
资本支出强度BXPFOUR
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 4.9% | 0.5% | ||
| Q2 25 | 8.2% | 0.1% | ||
| Q1 25 | 6.6% | 0.2% | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 6.0% | 0.2% | ||
| Q2 24 | 4.1% | 0.3% |
现金转化率BXPFOUR
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 5.56× | ||
| Q3 25 | — | 6.11× | ||
| Q2 25 | 3.97× | 4.17× | ||
| Q1 25 | 3.43× | 5.78× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | 3.42× | 3.38× | ||
| Q2 24 | 4.61× | 2.96× |
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% |
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
