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BXP, Inc.（BXP）与GRIFFON CORP（GFF）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GRIFFON CORP的1.3倍（$872.1M vs $649.1M），BXP, Inc.净利率更高（15.3% vs 9.9%，领先5.3%），GRIFFON CORP同比增速更快（2.6% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -1.8%）
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。
格里芬公司是总部位于纽约的跨国多元化控股集团，业务覆盖多领域运营，旗下拥有Ames True Temper、ClosetMaid、Clopay建筑产品和CornellCookson四大子公司。该公司1961年起在纽交所公开上市，是标普小盘600指数、标普1500综合指数及罗素2000指数的成分股。
BXP vs GFF — 直观对比
营收规模更大
BXP
是对方的1.3倍
$649.1M
营收增速更快
GFF
高出1.8%
0.8%
净利率更高
BXP
高出5.3%
9.9%
两年增速更快
BXP
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $649.1M |
| 净利润 | $133.0M | $64.4M |
| 毛利率 | — | 41.1% |
| 营业利润率 | — | 17.5% |
| 净利率 | 15.3% | 9.9% |
| 营收同比 | 0.8% | 2.6% |
| 净利润同比 | 53.0% | -9.1% |
| 每股收益（稀释后） | $1.69 | $1.41 |
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BXPGFF
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $649.1M | ||
| Q3 25 | $871.5M | $662.2M | ||
| Q2 25 | $868.5M | $613.6M | ||
| Q1 25 | $865.2M | $611.7M | ||
| Q4 24 | $858.6M | $632.4M | ||
| Q3 24 | $859.2M | $659.7M | ||
| Q2 24 | $850.5M | $647.8M |
净利润BXPGFF
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $64.4M | ||
| Q3 25 | $-121.7M | $43.6M | ||
| Q2 25 | $89.0M | $-120.1M | ||
| Q1 25 | $61.2M | $56.8M | ||
| Q4 24 | $-228.9M | $70.9M | ||
| Q3 24 | $83.6M | $62.5M | ||
| Q2 24 | $79.6M | $41.1M |
毛利率BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 41.1% | ||
| Q3 25 | 59.3% | 41.7% | ||
| Q2 25 | 59.2% | 43.2% | ||
| Q1 25 | 59.2% | 41.2% | ||
| Q4 24 | 59.7% | 41.8% | ||
| Q3 24 | 59.5% | 39.9% | ||
| Q2 24 | 59.8% | 38.5% |
营业利润率BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | — | 17.5% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | -20.5% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | 13.8% |
净利率BXPGFF
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 9.9% | ||
| Q3 25 | -14.0% | 6.6% | ||
| Q2 25 | 10.2% | -19.6% | ||
| Q1 25 | 7.1% | 9.3% | ||
| Q4 24 | -26.7% | 11.2% | ||
| Q3 24 | 9.7% | 9.5% | ||
| Q2 24 | 9.4% | 6.3% |
每股收益（稀释后）BXPGFF
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.41 | ||
| Q3 25 | $-0.77 | $1.04 | ||
| Q2 25 | $0.56 | $-2.65 | ||
| Q1 25 | $0.39 | $1.21 | ||
| Q4 24 | $-1.46 | $1.49 | ||
| Q3 24 | $0.53 | $1.29 | ||
| Q2 24 | $0.51 | $0.84 |
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 | $95.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $108.9M |
| 总资产 | $25.1B | $2.1B |
| 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BXPGFF
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $95.3M | ||
| Q3 25 | $861.1M | $99.0M | ||
| Q2 25 | $447.0M | $107.3M | ||
| Q1 25 | $398.1M | $127.8M | ||
| Q4 24 | $1.3B | $152.0M | ||
| Q3 24 | $1.4B | $114.4M | ||
| Q2 24 | $685.4M | $133.5M |
总债务BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
股东权益BXPGFF
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $108.9M | ||
| Q3 25 | $5.0B | $74.0M | ||
| Q2 25 | $5.3B | $63.9M | ||
| Q1 25 | $5.3B | $214.7M | ||
| Q4 24 | $5.4B | $227.8M | ||
| Q3 24 | $5.8B | $224.9M | ||
| Q2 24 | $5.8B | $223.5M |
总资产BXPGFF
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.1B | ||
| Q3 25 | $26.0B | $2.1B | ||
| Q2 25 | $25.6B | $2.1B | ||
| Q1 25 | $25.4B | $2.3B | ||
| Q4 24 | $26.1B | $2.3B | ||
| Q3 24 | $26.4B | $2.4B | ||
| Q2 24 | $25.5B | $2.4B |
负债/权益比BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 22.71× | ||
| Q1 25 | — | 7.16× | ||
| Q4 24 | — | 6.48× | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | — | 6.74× |
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 | — | $107.0M |
| 自由现金流经营现金流 - 资本支出 | — | $99.3M |
| 自由现金流率自由现金流/营收 | — | 15.3% |
| 资本支出强度资本支出/营收 | 1.5% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.66× |
| 过去12个月自由现金流最近4个季度 | — | $278.9M |
8季度趋势，按日历期对齐
经营现金流BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $107.0M | ||
| Q3 25 | $274.2M | $75.0M | ||
| Q2 25 | $353.1M | $123.1M | ||
| Q1 25 | $210.0M | $16.5M | ||
| Q4 24 | $383.7M | $142.9M | ||
| Q3 24 | $286.1M | $72.1M | ||
| Q2 24 | $367.1M | $122.1M |
自由现金流BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $99.3M | ||
| Q3 25 | $231.6M | $62.4M | ||
| Q2 25 | $281.5M | $114.4M | ||
| Q1 25 | $152.6M | $2.8M | ||
| Q4 24 | $312.5M | $125.5M | ||
| Q3 24 | $234.5M | $51.6M | ||
| Q2 24 | $332.4M | $107.5M |
自由现金流率BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 15.3% | ||
| Q3 25 | 26.6% | 9.4% | ||
| Q2 25 | 32.4% | 18.6% | ||
| Q1 25 | 17.6% | 0.5% | ||
| Q4 24 | 36.4% | 19.8% | ||
| Q3 24 | 27.3% | 7.8% | ||
| Q2 24 | 39.1% | 16.6% |
资本支出强度BXPGFF
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 4.9% | 1.9% | ||
| Q2 25 | 8.2% | 1.4% | ||
| Q1 25 | 6.6% | 2.2% | ||
| Q4 24 | 8.3% | 2.8% | ||
| Q3 24 | 6.0% | 3.1% | ||
| Q2 24 | 4.1% | 2.2% |
现金转化率BXPGFF
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.66× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | 0.29× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 3.42× | 1.15× | ||
| Q2 24 | 4.61× | 2.97× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
