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BXP, Inc.（BXP）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是BXP, Inc.的1.9倍（$1.7B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 14.8%，领先0.5%），BXP, Inc.同比增速更快（0.8% vs -2.9%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
BXP vs GFS — 直观对比
营收规模更大
GFS
是对方的1.9倍
$872.1M
营收增速更快
BXP
高出3.7%
-2.9%
净利率更高
BXP
高出0.5%
14.8%
两年增速更快
BXP
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.7B |
| 净利润 | $133.0M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | — | 11.6% |
| 净利率 | 15.3% | 14.8% |
| 营收同比 | 0.8% | -2.9% |
| 净利润同比 | 53.0% | 39.9% |
| 每股收益（稀释后） | $1.69 | $0.44 |
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BXPGFS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $1.7B | ||
| Q2 25 | $868.5M | $1.7B | ||
| Q1 25 | $865.2M | $1.6B | ||
| Q4 24 | $858.6M | — | ||
| Q3 24 | $859.2M | $1.7B | ||
| Q2 24 | $850.5M | $1.6B |
净利润BXPGFS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $249.0M | ||
| Q2 25 | $89.0M | $228.0M | ||
| Q1 25 | $61.2M | $211.0M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $178.0M | ||
| Q2 24 | $79.6M | $155.0M |
毛利率BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 24.8% | ||
| Q2 25 | 59.2% | 24.2% | ||
| Q1 25 | 59.2% | 22.4% | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | 23.8% | ||
| Q2 24 | 59.8% | 24.2% |
营业利润率BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 11.6% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 9.5% |
净利率BXPGFS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 14.8% | ||
| Q2 25 | 10.2% | 13.5% | ||
| Q1 25 | 7.1% | 13.3% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 10.2% | ||
| Q2 24 | 9.4% | 9.5% |
每股收益（稀释后）BXPGFS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.44 | ||
| Q2 25 | $0.56 | $0.41 | ||
| Q1 25 | $0.39 | $0.38 | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | $0.32 | ||
| Q2 24 | $0.51 | $0.28 |
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 | $2.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $11.8B |
| 总资产 | $25.1B | $16.7B |
| 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BXPGFS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $2.0B | ||
| Q2 25 | $447.0M | $1.8B | ||
| Q1 25 | $398.1M | $1.6B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $685.4M | $2.2B |
股东权益BXPGFS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $11.8B | ||
| Q2 25 | $5.3B | $11.5B | ||
| Q1 25 | $5.3B | $11.1B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | $11.6B | ||
| Q2 24 | $5.8B | $11.3B |
总资产BXPGFS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $16.7B | ||
| Q2 25 | $25.6B | $16.8B | ||
| Q1 25 | $25.4B | $16.5B | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.4B | $18.1B | ||
| Q2 24 | $25.5B | — |
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 | — | $595.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 2.39× |
| 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BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $595.0M | ||
| Q2 25 | $353.1M | $431.0M | ||
| Q1 25 | $210.0M | $331.0M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | $375.0M | ||
| Q2 24 | $367.1M | $402.0M |
自由现金流BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPGFS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPGFS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | 3.97× | 1.89× | ||
| Q1 25 | 3.43× | 1.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 2.11× | ||
| Q2 24 | 4.61× | 2.59× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
