vs
BXP, Inc.（BXP）与GEO GROUP INC（GEO）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GEO GROUP INC的1.2倍（$872.1M vs $708.4M），BXP, Inc.净利率更高（15.3% vs 4.5%，领先10.8%），GEO GROUP INC同比增速更快（16.6% vs 0.8%），过去两年GEO GROUP INC的营收复合增速更高（8.1% 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。
GEO集团是一家总部位于美国佛罗里达州博卡拉顿的上市企业，核心业务为投资及运营私营监狱、心理健康相关机构，业务覆盖美国、澳大利亚、南非、英国等市场，运营设施包含移民拘留中心、低安保级别拘留中心、心理健康及 residential 治疗机构，同时也承接政府所有设施的委托管理服务。
BXP vs GEO — 直观对比
营收规模更大
BXP
是对方的1.2倍
$708.4M
营收增速更快
GEO
高出15.8%
0.8%
净利率更高
BXP
高出10.8%
4.5%
两年增速更快
GEO
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $708.4M |
| 净利润 | $133.0M | $31.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 11.8% |
| 净利率 | 15.3% | 4.5% |
| 营收同比 | 0.8% | 16.6% |
| 净利润同比 | 53.0% | 105.1% |
| 每股收益（稀释后） | $1.69 | $0.16 |
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BXPGEO
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $708.4M | ||
| Q3 25 | $871.5M | $682.3M | ||
| Q2 25 | $868.5M | $636.2M | ||
| Q1 25 | $865.2M | $604.6M | ||
| Q4 24 | $858.6M | $607.7M | ||
| Q3 24 | $859.2M | $603.1M | ||
| Q2 24 | $850.5M | $607.2M |
净利润BXPGEO
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $31.8M | ||
| Q3 25 | $-121.7M | $173.9M | ||
| Q2 25 | $89.0M | $29.1M | ||
| Q1 25 | $61.2M | $19.6M | ||
| Q4 24 | $-228.9M | $15.5M | ||
| Q3 24 | $83.6M | $26.3M | ||
| Q2 24 | $79.6M | $-32.5M |
毛利率BXPGEO
| 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BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | — | 11.8% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 13.7% | ||
| Q2 24 | — | 13.2% |
净利率BXPGEO
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.5% | ||
| Q3 25 | -14.0% | 25.5% | ||
| Q2 25 | 10.2% | 4.6% | ||
| Q1 25 | 7.1% | 3.2% | ||
| Q4 24 | -26.7% | 2.5% | ||
| Q3 24 | 9.7% | 4.4% | ||
| Q2 24 | 9.4% | -5.4% |
每股收益（稀释后）BXPGEO
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.16 | ||
| Q3 25 | $-0.77 | $1.24 | ||
| Q2 25 | $0.56 | $0.21 | ||
| Q1 25 | $0.39 | $0.21 | ||
| Q4 24 | $-1.46 | $0.14 | ||
| Q3 24 | $0.53 | $0.19 | ||
| Q2 24 | $0.51 | $-0.25 |
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 | $69.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $7.7B | $1.5B |
| 总资产 | $25.1B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BXPGEO
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $69.0M | ||
| Q3 25 | $861.1M | $183.9M | ||
| Q2 25 | $447.0M | $67.9M | ||
| Q1 25 | $398.1M | $64.8M | ||
| Q4 24 | $1.3B | $76.9M | ||
| Q3 24 | $1.4B | $70.6M | ||
| Q2 24 | $685.4M | $46.3M |
总债务BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPGEO
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.3B |
总资产BXPGEO
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.8B | ||
| Q3 25 | $26.0B | $3.8B | ||
| Q2 25 | $25.6B | $3.7B | ||
| Q1 25 | $25.4B | $3.6B | ||
| Q4 24 | $26.1B | $3.6B | ||
| Q3 24 | $26.4B | $3.6B | ||
| Q2 24 | $25.5B | $3.6B |
负债/权益比BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.31× | ||
| 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 | — | $-117.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.6M |
| 自由现金流率自由现金流/营收 | — | -21.7% |
| 资本支出强度资本支出/营收 | 1.5% | 5.1% |
| 现金转化率经营现金流/净利润 | — | -3.69× |
| 过去12个月自由现金流最近4个季度 | — | $-124.9M |
8季度趋势，按日历期对齐
经营现金流BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-117.3M | ||
| Q3 25 | $274.2M | $79.6M | ||
| Q2 25 | $353.1M | $39.2M | ||
| Q1 25 | $210.0M | $71.2M | ||
| Q4 24 | $383.7M | $18.5M | ||
| Q3 24 | $286.1M | $109.3M | ||
| Q2 24 | $367.1M | $31.2M |
自由现金流BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-153.6M | ||
| Q3 25 | $231.6M | $-14.1M | ||
| Q2 25 | $281.5M | $2.4M | ||
| Q1 25 | $152.6M | $40.5M | ||
| Q4 24 | $312.5M | $-2.3M | ||
| Q3 24 | $234.5M | $90.5M | ||
| Q2 24 | $332.4M | $6.8M |
自由现金流率BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -21.7% | ||
| Q3 25 | 26.6% | -2.1% | ||
| Q2 25 | 32.4% | 0.4% | ||
| Q1 25 | 17.6% | 6.7% | ||
| Q4 24 | 36.4% | -0.4% | ||
| Q3 24 | 27.3% | 15.0% | ||
| Q2 24 | 39.1% | 1.1% |
资本支出强度BXPGEO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 5.1% | ||
| Q3 25 | 4.9% | 13.7% | ||
| Q2 25 | 8.2% | 5.8% | ||
| Q1 25 | 6.6% | 5.1% | ||
| Q4 24 | 8.3% | 3.4% | ||
| Q3 24 | 6.0% | 3.1% | ||
| Q2 24 | 4.1% | 4.0% |
现金转化率BXPGEO
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | -3.69× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | 3.97× | 1.35× | ||
| Q1 25 | 3.43× | 3.64× | ||
| Q4 24 | — | 1.19× | ||
| Q3 24 | 3.42× | 4.15× | ||
| 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% |
GEO
| Us Corrections And Detention | $498.0M | 70% |
| Electronic Monitoring And Supervision Services | $83.7M | 12% |
| Reentry Services | $72.2M | 10% |
| AU | $49.1M | 7% |
| ZA | $5.4M | 1% |
