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BXP, Inc.（BXP）与G III APPAREL GROUP LTD（GIII）财务数据对比。点击上方公司名可切换其他公司
G III APPAREL GROUP LTD的季度营收约是BXP, Inc.的1.1倍（$988.6M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 8.2%，领先7.1%），BXP, Inc.同比增速更快（0.8% vs -9.0%），过去两年G III APPAREL GROUP LTD的营收复合增速更高（13.7% 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。
GIII服装集团是一家国际时尚企业，设计、生产及销售服装、鞋履、配饰等产品，拥有多个知名自有及授权品牌，覆盖休闲、运动、轻奢等多个品类，主要销往北美、欧洲等全球市场，合作客户包括百货商场、专业零售商及电商平台。
BXP vs GIII — 直观对比
营收规模更大
GIII
是对方的1.1倍
$872.1M
营收增速更快
BXP
高出9.8%
-9.0%
净利率更高
BXP
高出7.1%
8.2%
两年增速更快
GIII
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $988.6M |
| 净利润 | $133.0M | $80.6M |
| 毛利率 | — | 38.6% |
| 营业利润率 | — | 11.4% |
| 净利率 | 15.3% | 8.2% |
| 营收同比 | 0.8% | -9.0% |
| 净利润同比 | 53.0% | -29.8% |
| 每股收益（稀释后） | $1.69 | $1.84 |
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BXPGIII
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $988.6M | ||
| Q3 25 | $871.5M | $613.3M | ||
| Q2 25 | $868.5M | $583.6M | ||
| Q1 25 | $865.2M | $839.5M | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $644.8M | ||
| Q2 24 | $850.5M | $609.7M |
净利润BXPGIII
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $80.6M | ||
| Q3 25 | $-121.7M | $10.9M | ||
| Q2 25 | $89.0M | $7.8M | ||
| Q1 25 | $61.2M | $48.8M | ||
| Q4 24 | $-228.9M | $114.8M | ||
| Q3 24 | $83.6M | $24.2M | ||
| Q2 24 | $79.6M | $5.8M |
毛利率BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 38.6% | ||
| Q3 25 | 59.3% | 40.8% | ||
| Q2 25 | 59.2% | 42.2% | ||
| Q1 25 | 59.2% | 39.5% | ||
| Q4 24 | 59.7% | 39.8% | ||
| Q3 24 | 59.5% | 42.8% | ||
| Q2 24 | 59.8% | 42.5% |
营业利润率BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 6.4% | ||
| Q2 24 | — | 2.2% |
净利率BXPGIII
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 8.2% | ||
| Q3 25 | -14.0% | 1.8% | ||
| Q2 25 | 10.2% | 1.3% | ||
| Q1 25 | 7.1% | 5.8% | ||
| Q4 24 | -26.7% | 10.6% | ||
| Q3 24 | 9.7% | 3.8% | ||
| Q2 24 | 9.4% | 1.0% |
每股收益（稀释后）BXPGIII
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.84 | ||
| Q3 25 | $-0.77 | $0.25 | ||
| Q2 25 | $0.56 | $0.17 | ||
| Q1 25 | $0.39 | $1.00 | ||
| Q4 24 | $-1.46 | $2.55 | ||
| Q3 24 | $0.53 | $0.53 | ||
| Q2 24 | $0.51 | $0.12 |
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 | $184.1M |
| 总债务越低越好 | — | $6.5M |
| 股东权益账面价值 | $7.7B | $1.8B |
| 总资产 | $25.1B | $2.8B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BXPGIII
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $184.1M | ||
| Q3 25 | $861.1M | $301.8M | ||
| Q2 25 | $447.0M | $257.8M | ||
| Q1 25 | $398.1M | $181.4M | ||
| Q4 24 | $1.3B | $104.7M | ||
| Q3 24 | $1.4B | $414.8M | ||
| Q2 24 | $685.4M | $508.4M |
总债务BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M |
股东权益BXPGIII
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.8B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $5.3B | $1.7B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.5B | ||
| Q2 24 | $5.8B | $1.5B |
总资产BXPGIII
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.8B | ||
| Q3 25 | $26.0B | $2.7B | ||
| Q2 25 | $25.6B | $2.4B | ||
| Q1 25 | $25.4B | $2.5B | ||
| Q4 24 | $26.1B | $2.8B | ||
| Q3 24 | $26.4B | $2.7B | ||
| Q2 24 | $25.5B | $2.6B |
负债/权益比BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× |
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 | — | $-97.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-106.4M |
| 自由现金流率自由现金流/营收 | — | -10.8% |
| 资本支出强度资本支出/营收 | 1.5% | 0.9% |
| 现金转化率经营现金流/净利润 | — | -1.21× |
| 过去12个月自由现金流最近4个季度 | — | $367.7M |
8季度趋势，按日历期对齐
经营现金流BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-97.3M | ||
| Q3 25 | $274.2M | $75.1M | ||
| Q2 25 | $353.1M | $93.8M | ||
| Q1 25 | $210.0M | $333.4M | ||
| Q4 24 | $383.7M | $-111.8M | ||
| Q3 24 | $286.1M | $49.3M | ||
| Q2 24 | $367.1M | $45.5M |
自由现金流BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-106.4M | ||
| Q3 25 | $231.6M | $64.7M | ||
| Q2 25 | $281.5M | $85.7M | ||
| Q1 25 | $152.6M | $323.7M | ||
| Q4 24 | $312.5M | $-120.3M | ||
| Q3 24 | $234.5M | $38.8M | ||
| Q2 24 | $332.4M | $32.8M |
自由现金流率BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -10.8% | ||
| Q3 25 | 26.6% | 10.6% | ||
| Q2 25 | 32.4% | 14.7% | ||
| Q1 25 | 17.6% | 38.6% | ||
| Q4 24 | 36.4% | -11.1% | ||
| Q3 24 | 27.3% | 6.0% | ||
| Q2 24 | 39.1% | 5.4% |
资本支出强度BXPGIII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.9% | ||
| Q3 25 | 4.9% | 1.7% | ||
| Q2 25 | 8.2% | 1.4% | ||
| Q1 25 | 6.6% | 1.2% | ||
| Q4 24 | 8.3% | 0.8% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 2.1% |
现金转化率BXPGIII
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | -1.21× | ||
| Q3 25 | — | 6.86× | ||
| Q2 25 | 3.97× | 12.09× | ||
| Q1 25 | 3.43× | 6.83× | ||
| Q4 24 | — | -0.97× | ||
| Q3 24 | 3.42× | 2.04× | ||
| Q2 24 | 4.61× | 7.84× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
