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BXP, Inc.（BXP）与Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的1.4倍（$872.1M vs $628.6M），BXP, Inc.净利率更高（15.3% vs 12.1%，领先3.1%），BXP, Inc.同比增速更快（0.8% vs -4.1%），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% 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。
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
BXP vs FRHC — 直观对比
营收规模更大
BXP
是对方的1.4倍
$628.6M
营收增速更快
BXP
高出4.9%
-4.1%
净利率更高
BXP
高出3.1%
12.1%
两年增速更快
FRHC
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $628.6M |
| 净利润 | $133.0M | $76.2M |
| 毛利率 | — | 96.0% |
| 营业利润率 | — | 14.9% |
| 净利率 | 15.3% | 12.1% |
| 营收同比 | 0.8% | -4.1% |
| 净利润同比 | 53.0% | -2.6% |
| 每股收益（稀释后） | $1.69 | $1.25 |
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BXPFRHC
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $628.6M | ||
| Q3 25 | $871.5M | $526.1M | ||
| Q2 25 | $868.5M | $533.4M | ||
| Q1 25 | $865.2M | $363.7M | ||
| Q4 24 | $858.6M | $655.2M | ||
| Q3 24 | $859.2M | $580.9M | ||
| Q2 24 | $850.5M | $450.7M |
净利润BXPFRHC
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $76.2M | ||
| Q3 25 | $-121.7M | $38.7M | ||
| Q2 25 | $89.0M | $30.4M | ||
| Q1 25 | $61.2M | $-142.7M | ||
| Q4 24 | $-228.9M | $78.3M | ||
| Q3 24 | $83.6M | $114.7M | ||
| Q2 24 | $79.6M | $34.4M |
毛利率BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 96.0% | ||
| Q3 25 | 59.3% | 97.1% | ||
| Q2 25 | 59.2% | 97.4% | ||
| Q1 25 | 59.2% | 96.6% | ||
| Q4 24 | 59.7% | 98.6% | ||
| Q3 24 | 59.5% | 99.1% | ||
| Q2 24 | 59.8% | 99.0% |
营业利润率BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -42.7% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 9.2% |
净利率BXPFRHC
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 12.1% | ||
| Q3 25 | -14.0% | 7.4% | ||
| Q2 25 | 10.2% | 5.7% | ||
| Q1 25 | 7.1% | -39.2% | ||
| Q4 24 | -26.7% | 11.9% | ||
| Q3 24 | 9.7% | 19.7% | ||
| Q2 24 | 9.4% | 7.6% |
每股收益（稀释后）BXPFRHC
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.25 | ||
| Q3 25 | $-0.77 | $0.63 | ||
| Q2 25 | $0.56 | $0.50 | ||
| Q1 25 | $0.39 | $-2.35 | ||
| Q4 24 | $-1.46 | $1.29 | ||
| Q3 24 | $0.53 | $1.89 | ||
| Q2 24 | $0.51 | $0.57 |
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 | $869.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $12.4B |
| 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BXPFRHC
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $869.2M | ||
| Q3 25 | $861.1M | $636.0M | ||
| Q2 25 | $447.0M | $567.9M | ||
| Q1 25 | $398.1M | $837.3M | ||
| Q4 24 | $1.3B | $577.9M | ||
| Q3 24 | $1.4B | $569.2M | ||
| Q2 24 | $685.4M | $718.7M |
股东权益BXPFRHC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.3B | $1.2B | ||
| Q1 25 | $5.3B | $1.2B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPFRHC
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $12.4B | ||
| Q3 25 | $26.0B | $10.3B | ||
| Q2 25 | $25.6B | $9.7B | ||
| Q1 25 | $25.4B | $9.9B | ||
| Q4 24 | $26.1B | $9.1B | ||
| Q3 24 | $26.4B | $8.8B | ||
| Q2 24 | $25.5B | $8.5B |
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 | — | $717.8M |
| 自由现金流经营现金流 - 资本支出 | — | $651.7M |
| 自由现金流率自由现金流/营收 | — | 103.7% |
| 资本支出强度资本支出/营收 | 1.5% | 10.5% |
| 现金转化率经营现金流/净利润 | — | 9.42× |
| 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BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $717.8M | ||
| Q3 25 | $274.2M | $535.3M | ||
| Q2 25 | $353.1M | $480.8M | ||
| Q1 25 | $210.0M | $1.3B | ||
| Q4 24 | $383.7M | $-72.8M | ||
| Q3 24 | $286.1M | $-438.0M | ||
| Q2 24 | $367.1M | $854.1M |
自由现金流BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $651.7M | ||
| Q3 25 | $231.6M | $456.4M | ||
| Q2 25 | $281.5M | $450.0M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $-92.7M | ||
| Q3 24 | $234.5M | $-447.5M | ||
| Q2 24 | $332.4M | $829.9M |
自由现金流率BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 103.7% | ||
| Q3 25 | 26.6% | 86.7% | ||
| Q2 25 | 32.4% | 84.4% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | -14.1% | ||
| Q3 24 | 27.3% | -77.0% | ||
| Q2 24 | 39.1% | 184.1% |
资本支出强度BXPFRHC
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 10.5% | ||
| Q3 25 | 4.9% | 15.0% | ||
| Q2 25 | 8.2% | 5.8% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 3.0% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 5.4% |
现金转化率BXPFRHC
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 9.42× | ||
| Q3 25 | — | 13.82× | ||
| Q2 25 | 3.97× | 15.82× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | -0.93× | ||
| Q3 24 | 3.42× | -3.82× | ||
| Q2 24 | 4.61× | 24.83× |
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% |
FRHC
暂无分部数据
