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BXP, Inc.（BXP）与游戏驿站（GME）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是游戏驿站的1.1倍（$872.1M vs $821.0M），BXP, Inc.净利率更高（15.3% vs 9.4%，领先5.9%），BXP, Inc.同比增速更快（0.8% vs -4.6%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -32.3%）
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。
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
BXP vs GME — 直观对比
营收规模更大
BXP
是对方的1.1倍
$821.0M
营收增速更快
BXP
高出5.4%
-4.6%
净利率更高
BXP
高出5.9%
9.4%
两年增速更快
BXP
近两年复合增速
-32.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $821.0M |
| 净利润 | $133.0M | $77.1M |
| 毛利率 | — | 33.3% |
| 营业利润率 | — | 5.0% |
| 净利率 | 15.3% | 9.4% |
| 营收同比 | 0.8% | -4.6% |
| 净利润同比 | 53.0% | 343.1% |
| 每股收益（稀释后） | $1.69 | $0.13 |
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BXPGME
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $821.0M | ||
| Q3 25 | $871.5M | $972.2M | ||
| Q2 25 | $868.5M | $732.4M | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $860.3M | ||
| Q3 24 | $859.2M | $798.3M | ||
| Q2 24 | $850.5M | $881.8M |
净利润BXPGME
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $77.1M | ||
| Q3 25 | $-121.7M | $168.6M | ||
| Q2 25 | $89.0M | $44.8M | ||
| Q1 25 | $61.2M | $131.4M | ||
| Q4 24 | $-228.9M | $17.4M | ||
| Q3 24 | $83.6M | $14.8M | ||
| Q2 24 | $79.6M | $-32.3M |
毛利率BXPGME
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 33.3% | ||
| Q3 25 | 59.3% | 29.1% | ||
| Q2 25 | 59.2% | 34.5% | ||
| Q1 25 | 59.2% | 28.3% | ||
| Q4 24 | 59.7% | 29.9% | ||
| Q3 24 | 59.5% | 31.2% | ||
| Q2 24 | 59.8% | 27.7% |
营业利润率BXPGME
| Q1 26 | — | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | -1.5% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | -3.9% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | — | -5.7% |
净利率BXPGME
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 9.4% | ||
| Q3 25 | -14.0% | 17.3% | ||
| Q2 25 | 10.2% | 6.1% | ||
| Q1 25 | 7.1% | 10.2% | ||
| Q4 24 | -26.7% | 2.0% | ||
| Q3 24 | 9.7% | 1.9% | ||
| Q2 24 | 9.4% | -3.7% |
每股收益（稀释后）BXPGME
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.13 | ||
| Q3 25 | $-0.77 | $0.31 | ||
| Q2 25 | $0.56 | $0.09 | ||
| Q1 25 | $0.39 | $0.36 | ||
| Q4 24 | $-1.46 | $0.04 | ||
| Q3 24 | $0.53 | $0.04 | ||
| Q2 24 | $0.51 | $-0.11 |
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 | $8.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $5.3B |
| 总资产 | $25.1B | $10.6B |
| 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BXPGME
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $8.8B | ||
| Q3 25 | $861.1M | $8.7B | ||
| Q2 25 | $447.0M | $6.4B | ||
| Q1 25 | $398.1M | $4.8B | ||
| Q4 24 | $1.3B | $4.6B | ||
| Q3 24 | $1.4B | $4.2B | ||
| Q2 24 | $685.4M | $1.1B |
总债务BXPGME
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $16.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPGME
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $5.3B | ||
| Q3 25 | $5.0B | $5.2B | ||
| Q2 25 | $5.3B | $5.0B | ||
| Q1 25 | $5.3B | $4.9B | ||
| Q4 24 | $5.4B | $4.8B | ||
| Q3 24 | $5.8B | $4.4B | ||
| Q2 24 | $5.8B | $1.3B |
总资产BXPGME
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $10.6B | ||
| Q3 25 | $26.0B | $10.3B | ||
| Q2 25 | $25.6B | $7.5B | ||
| Q1 25 | $25.4B | $5.9B | ||
| Q4 24 | $26.1B | $6.2B | ||
| Q3 24 | $26.4B | $5.5B | ||
| Q2 24 | $25.5B | $2.6B |
负债/权益比BXPGME
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| 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 | — | $111.3M |
| 自由现金流经营现金流 - 资本支出 | — | $107.0M |
| 自由现金流率自由现金流/营收 | — | 13.0% |
| 资本支出强度资本支出/营收 | 1.5% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | — | $568.7M |
8季度趋势，按日历期对齐
经营现金流BXPGME
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $111.3M | ||
| Q3 25 | $274.2M | $117.4M | ||
| Q2 25 | $353.1M | $192.5M | ||
| Q1 25 | $210.0M | $162.3M | ||
| Q4 24 | $383.7M | $24.6M | ||
| Q3 24 | $286.1M | $68.6M | ||
| Q2 24 | $367.1M | $-109.8M |
自由现金流BXPGME
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $107.0M | ||
| Q3 25 | $231.6M | $113.3M | ||
| Q2 25 | $281.5M | $189.6M | ||
| Q1 25 | $152.6M | $158.8M | ||
| Q4 24 | $312.5M | $20.0M | ||
| Q3 24 | $234.5M | $65.5M | ||
| Q2 24 | $332.4M | $-114.7M |
自由现金流率BXPGME
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 13.0% | ||
| Q3 25 | 26.6% | 11.7% | ||
| Q2 25 | 32.4% | 25.9% | ||
| Q1 25 | 17.6% | 12.4% | ||
| Q4 24 | 36.4% | 2.3% | ||
| Q3 24 | 27.3% | 8.2% | ||
| Q2 24 | 39.1% | -13.0% |
资本支出强度BXPGME
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.5% | ||
| Q3 25 | 4.9% | 0.4% | ||
| Q2 25 | 8.2% | 0.4% | ||
| Q1 25 | 6.6% | 0.3% | ||
| Q4 24 | 8.3% | 0.5% | ||
| Q3 24 | 6.0% | 0.4% | ||
| Q2 24 | 4.1% | 0.6% |
现金转化率BXPGME
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.44× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 3.97× | 4.30× | ||
| Q1 25 | 3.43× | 1.24× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 3.42× | 4.64× | ||
| 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% |
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
