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BXP, Inc.（BXP）与FEDERAL SIGNAL CORP（FSS）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FEDERAL SIGNAL CORP的1.5倍（$872.1M vs $597.1M），BXP, Inc.净利率更高（15.3% vs 10.2%，领先5.1%），FEDERAL SIGNAL CORP同比增速更快（26.5% vs 0.8%），过去两年FEDERAL SIGNAL CORP的营收复合增速更高（18.5% 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。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
BXP vs FSS — 直观对比
营收规模更大
BXP
是对方的1.5倍
$597.1M
营收增速更快
FSS
高出25.7%
0.8%
净利率更高
BXP
高出5.1%
10.2%
两年增速更快
FSS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $597.1M |
| 净利润 | $133.0M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | — | 14.0% |
| 净利率 | 15.3% | 10.2% |
| 营收同比 | 0.8% | 26.5% |
| 净利润同比 | 53.0% | 21.6% |
| 每股收益（稀释后） | $1.69 | $0.99 |
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BXPFSS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $597.1M | ||
| Q3 25 | $871.5M | $555.0M | ||
| Q2 25 | $868.5M | $564.6M | ||
| Q1 25 | $865.2M | $463.8M | ||
| Q4 24 | $858.6M | $472.0M | ||
| Q3 24 | $859.2M | $474.2M | ||
| Q2 24 | $850.5M | $490.4M |
净利润BXPFSS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $60.8M | ||
| Q3 25 | $-121.7M | $68.1M | ||
| Q2 25 | $89.0M | $71.4M | ||
| Q1 25 | $61.2M | $46.3M | ||
| Q4 24 | $-228.9M | $50.0M | ||
| Q3 24 | $83.6M | $53.9M | ||
| Q2 24 | $79.6M | $60.8M |
毛利率BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 28.4% | ||
| Q3 25 | 59.3% | 29.1% | ||
| Q2 25 | 59.2% | 30.0% | ||
| Q1 25 | 59.2% | 28.2% | ||
| Q4 24 | 59.7% | 28.1% | ||
| Q3 24 | 59.5% | 29.6% | ||
| Q2 24 | 59.8% | 29.4% |
营业利润率BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 16.5% |
净利率BXPFSS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 10.2% | ||
| Q3 25 | -14.0% | 12.3% | ||
| Q2 25 | 10.2% | 12.6% | ||
| Q1 25 | 7.1% | 10.0% | ||
| Q4 24 | -26.7% | 10.6% | ||
| Q3 24 | 9.7% | 11.4% | ||
| Q2 24 | 9.4% | 12.4% |
每股收益（稀释后）BXPFSS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.99 | ||
| Q3 25 | $-0.77 | $1.11 | ||
| Q2 25 | $0.56 | $1.16 | ||
| Q1 25 | $0.39 | $0.75 | ||
| Q4 24 | $-1.46 | $0.80 | ||
| Q3 24 | $0.53 | $0.87 | ||
| Q2 24 | $0.51 | $0.99 |
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 | $63.7M |
| 总债务越低越好 | — | $564.6M |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资BXPFSS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $63.7M | ||
| Q3 25 | $861.1M | $54.4M | ||
| Q2 25 | $447.0M | $64.7M | ||
| Q1 25 | $398.1M | $57.5M | ||
| Q4 24 | $1.3B | $91.1M | ||
| Q3 24 | $1.4B | $73.7M | ||
| Q2 24 | $685.4M | $48.6M |
总债务BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | — | $564.6M | ||
| Q3 25 | — | $201.2M | ||
| Q2 25 | — | $258.3M | ||
| Q1 25 | — | $266.9M | ||
| Q4 24 | — | $204.4M | ||
| Q3 24 | — | $223.3M | ||
| Q2 24 | — | $248.8M |
股东权益BXPFSS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.3B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.3B | $1.2B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPFSS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.4B | ||
| Q3 25 | $26.0B | $1.9B | ||
| Q2 25 | $25.6B | $1.9B | ||
| Q1 25 | $25.4B | $1.9B | ||
| Q4 24 | $26.1B | $1.8B | ||
| Q3 24 | $26.4B | $1.7B | ||
| Q2 24 | $25.5B | $1.7B |
负债/权益比BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.41× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.23× |
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 | — | $97.2M |
| 自由现金流经营现金流 - 资本支出 | — | $89.5M |
| 自由现金流率自由现金流/营收 | — | 15.0% |
| 资本支出强度资本支出/营收 | 1.5% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | — | $227.1M |
8季度趋势，按日历期对齐
经营现金流BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $97.2M | ||
| Q3 25 | $274.2M | $61.1M | ||
| Q2 25 | $353.1M | $59.7M | ||
| Q1 25 | $210.0M | $36.7M | ||
| Q4 24 | $383.7M | $90.6M | ||
| Q3 24 | $286.1M | $68.8M | ||
| Q2 24 | $367.1M | $40.6M |
自由现金流BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $89.5M | ||
| Q3 25 | $231.6M | $54.1M | ||
| Q2 25 | $281.5M | $52.4M | ||
| Q1 25 | $152.6M | $31.1M | ||
| Q4 24 | $312.5M | $82.1M | ||
| Q3 24 | $234.5M | $60.9M | ||
| Q2 24 | $332.4M | $24.8M |
自由现金流率BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 15.0% | ||
| Q3 25 | 26.6% | 9.7% | ||
| Q2 25 | 32.4% | 9.3% | ||
| Q1 25 | 17.6% | 6.7% | ||
| Q4 24 | 36.4% | 17.4% | ||
| Q3 24 | 27.3% | 12.8% | ||
| Q2 24 | 39.1% | 5.1% |
资本支出强度BXPFSS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.3% | ||
| Q3 25 | 4.9% | 1.3% | ||
| Q2 25 | 8.2% | 1.3% | ||
| Q1 25 | 6.6% | 1.2% | ||
| Q4 24 | 8.3% | 1.8% | ||
| Q3 24 | 6.0% | 1.7% | ||
| Q2 24 | 4.1% | 3.2% |
现金转化率BXPFSS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.60× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | 3.97× | 0.84× | ||
| Q1 25 | 3.43× | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 3.42× | 1.28× | ||
| Q2 24 | 4.61× | 0.67× |
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% |
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
