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BXP, Inc.（BXP）与Fortrea Holdings Inc.（FTRE）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Fortrea Holdings Inc.的1.3倍（$872.1M vs $660.5M），BXP, Inc.净利率更高（15.3% vs -4.9%，领先20.2%），BXP, Inc.同比增速更快（0.8% vs -5.2%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.1%）
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。
Fortrea Holdings Inc.是一家总部位于美国北卡罗来纳州达勒姆、注册地为特拉华州的合同研究组织，业务覆盖90个国家，主要服务制药、生物技术和医疗器械行业客户，为相关领域的研发提供专业支持。
BXP vs FTRE — 直观对比
营收规模更大
BXP
是对方的1.3倍
$660.5M
营收增速更快
BXP
高出6.0%
-5.2%
净利率更高
BXP
高出20.2%
-4.9%
两年增速更快
BXP
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $660.5M |
| 净利润 | $133.0M | $-32.5M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.1% |
| 净利率 | 15.3% | -4.9% |
| 营收同比 | 0.8% | -5.2% |
| 净利润同比 | 53.0% | 46.9% |
| 每股收益（稀释后） | $1.69 | $-0.25 |
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BXPFTRE
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $660.5M | ||
| Q3 25 | $871.5M | $701.3M | ||
| Q2 25 | $868.5M | $710.3M | ||
| Q1 25 | $865.2M | $651.3M | ||
| Q4 24 | $858.6M | $697.0M | ||
| Q3 24 | $859.2M | $674.9M | ||
| Q2 24 | $850.5M | $662.4M |
净利润BXPFTRE
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-32.5M | ||
| Q3 25 | $-121.7M | $-15.9M | ||
| Q2 25 | $89.0M | $-374.9M | ||
| Q1 25 | $61.2M | $-562.9M | ||
| Q4 24 | $-228.9M | $-61.2M | ||
| Q3 24 | $83.6M | $-27.9M | ||
| Q2 24 | $79.6M | $-138.4M |
毛利率BXPFTRE
| 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BXPFTRE
| Q1 26 | — | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -1.2% | ||
| Q2 25 | — | -46.5% | ||
| Q1 25 | — | -79.9% | ||
| Q4 24 | — | -8.0% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | -7.7% |
净利率BXPFTRE
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -4.9% | ||
| Q3 25 | -14.0% | -2.3% | ||
| Q2 25 | 10.2% | -52.8% | ||
| Q1 25 | 7.1% | -86.4% | ||
| Q4 24 | -26.7% | -8.8% | ||
| Q3 24 | 9.7% | -4.1% | ||
| Q2 24 | 9.4% | -20.9% |
每股收益（稀释后）BXPFTRE
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.25 | ||
| Q3 25 | $-0.77 | $-0.17 | ||
| Q2 25 | $0.56 | $-4.14 | ||
| Q1 25 | $0.39 | $-6.25 | ||
| Q4 24 | $-1.46 | $-0.68 | ||
| Q3 24 | $0.53 | $-0.31 | ||
| Q2 24 | $0.51 | $-1.55 |
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 | $174.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $563.5M |
| 总资产 | $25.1B | $2.7B |
| 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BXPFTRE
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $174.6M | ||
| Q3 25 | $861.1M | $131.3M | ||
| Q2 25 | $447.0M | $81.2M | ||
| Q1 25 | $398.1M | $101.6M | ||
| Q4 24 | $1.3B | $118.5M | ||
| Q3 24 | $1.4B | $105.3M | ||
| Q2 24 | $685.4M | $126.2M |
股东权益BXPFTRE
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $563.5M | ||
| Q3 25 | $5.0B | $580.8M | ||
| Q2 25 | $5.3B | $589.2M | ||
| Q1 25 | $5.3B | $858.8M | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.5B | ||
| Q2 24 | $5.8B | $1.5B |
总资产BXPFTRE
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.7B | ||
| Q3 25 | $26.0B | $2.7B | ||
| Q2 25 | $25.6B | $2.8B | ||
| Q1 25 | $25.4B | $3.1B | ||
| Q4 24 | $26.1B | $3.6B | ||
| Q3 24 | $26.4B | $3.7B | ||
| Q2 24 | $25.5B | $3.6B |
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 | — | $129.1M |
| 自由现金流经营现金流 - 资本支出 | — | $121.6M |
| 自由现金流率自由现金流/营收 | — | 18.4% |
| 资本支出强度资本支出/营收 | 1.5% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $88.3M |
8季度趋势，按日历期对齐
经营现金流BXPFTRE
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $129.1M | ||
| Q3 25 | $274.2M | $86.8M | ||
| Q2 25 | $353.1M | $21.8M | ||
| Q1 25 | $210.0M | $-124.2M | ||
| Q4 24 | $383.7M | $17.1M | ||
| Q3 24 | $286.1M | $-2.4M | ||
| Q2 24 | $367.1M | $273.7M |
自由现金流BXPFTRE
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $121.6M | ||
| Q3 25 | $231.6M | $79.5M | ||
| Q2 25 | $281.5M | $14.3M | ||
| Q1 25 | $152.6M | $-127.1M | ||
| Q4 24 | $312.5M | $13.9M | ||
| Q3 24 | $234.5M | $-10.6M | ||
| Q2 24 | $332.4M | $262.5M |
自由现金流率BXPFTRE
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 18.4% | ||
| Q3 25 | 26.6% | 11.3% | ||
| Q2 25 | 32.4% | 2.0% | ||
| Q1 25 | 17.6% | -19.5% | ||
| Q4 24 | 36.4% | 2.0% | ||
| Q3 24 | 27.3% | -1.6% | ||
| Q2 24 | 39.1% | 39.6% |
资本支出强度BXPFTRE
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 4.9% | 1.0% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 8.3% | 0.5% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 4.1% | 1.7% |
现金转化率BXPFTRE
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — |
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% |
FTRE
暂无分部数据
