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BXP, Inc.（BXP）与Acushnet Holdings Corp.（GOLF）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Acushnet Holdings Corp.的1.8倍（$872.1M vs $477.2M），BXP, Inc.净利率更高（15.3% vs -7.3%，领先22.6%），Acushnet Holdings Corp.同比增速更快（7.2% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -17.9%）
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。
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
BXP vs GOLF — 直观对比
营收规模更大
BXP
是对方的1.8倍
$477.2M
营收增速更快
GOLF
高出6.4%
0.8%
净利率更高
BXP
高出22.6%
-7.3%
两年增速更快
BXP
近两年复合增速
-17.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $477.2M |
| 净利润 | $133.0M | $-34.9M |
| 毛利率 | — | 44.1% |
| 营业利润率 | — | -3.8% |
| 净利率 | 15.3% | -7.3% |
| 营收同比 | 0.8% | 7.2% |
| 净利润同比 | 53.0% | -3027.3% |
| 每股收益（稀释后） | $1.69 | $-0.57 |
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BXPGOLF
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $477.2M | ||
| Q3 25 | $871.5M | $657.7M | ||
| Q2 25 | $868.5M | $720.5M | ||
| Q1 25 | $865.2M | $703.4M | ||
| Q4 24 | $858.6M | $445.2M | ||
| Q3 24 | $859.2M | $620.5M | ||
| Q2 24 | $850.5M | $683.9M |
净利润BXPGOLF
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-34.9M | ||
| Q3 25 | $-121.7M | $48.5M | ||
| Q2 25 | $89.0M | $75.6M | ||
| Q1 25 | $61.2M | $99.4M | ||
| Q4 24 | $-228.9M | $-1.1M | ||
| Q3 24 | $83.6M | $56.2M | ||
| Q2 24 | $79.6M | $71.4M |
毛利率BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 44.1% | ||
| Q3 25 | 59.3% | 48.5% | ||
| Q2 25 | 59.2% | 49.2% | ||
| Q1 25 | 59.2% | 47.9% | ||
| Q4 24 | 59.7% | 22.6% | ||
| Q3 24 | 59.5% | 54.4% | ||
| Q2 24 | 59.8% | 54.4% |
营业利润率BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | — | -3.8% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | — | -1.2% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 15.5% |
净利率BXPGOLF
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -7.3% | ||
| Q3 25 | -14.0% | 7.4% | ||
| Q2 25 | 10.2% | 10.5% | ||
| Q1 25 | 7.1% | 14.1% | ||
| Q4 24 | -26.7% | -0.3% | ||
| Q3 24 | 9.7% | 9.1% | ||
| Q2 24 | 9.4% | 10.4% |
每股收益（稀释后）BXPGOLF
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.57 | ||
| Q3 25 | $-0.77 | $0.81 | ||
| Q2 25 | $0.56 | $1.25 | ||
| Q1 25 | $0.39 | $1.62 | ||
| Q4 24 | $-1.46 | $0.02 | ||
| Q3 24 | $0.53 | $0.89 | ||
| Q2 24 | $0.51 | $1.11 |
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 | — |
| 总债务越低越好 | — | $926.2M |
| 股东权益账面价值 | $7.7B | $783.6M |
| 总资产 | $25.1B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资BXPGOLF
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
总债务BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | — | $926.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $753.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPGOLF
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $783.6M | ||
| Q3 25 | $5.0B | $852.3M | ||
| Q2 25 | $5.3B | $808.5M | ||
| Q1 25 | $5.3B | $780.3M | ||
| Q4 24 | $5.4B | $765.2M | ||
| Q3 24 | $5.8B | $863.9M | ||
| Q2 24 | $5.8B | $863.7M |
总资产BXPGOLF
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.3B | ||
| Q3 25 | $26.0B | $2.4B | ||
| Q2 25 | $25.6B | $2.4B | ||
| Q1 25 | $25.4B | $2.4B | ||
| Q4 24 | $26.1B | $2.2B | ||
| Q3 24 | $26.4B | $2.3B | ||
| Q2 24 | $25.5B | $2.3B |
负债/权益比BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.98× | ||
| 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 | — | $-338.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-23.3M |
| 自由现金流率自由现金流/营收 | — | -4.9% |
| 资本支出强度资本支出/营收 | 1.5% | 4.8% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $120.0M |
8季度趋势，按日历期对齐
经营现金流BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-338.0K | ||
| Q3 25 | $274.2M | $163.1M | ||
| Q2 25 | $353.1M | $151.9M | ||
| Q1 25 | $210.0M | $-120.3M | ||
| Q4 24 | $383.7M | $-1.1M | ||
| Q3 24 | $286.1M | $144.1M | ||
| Q2 24 | $367.1M | $211.6M |
自由现金流BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-23.3M | ||
| Q3 25 | $231.6M | $136.9M | ||
| Q2 25 | $281.5M | $138.0M | ||
| Q1 25 | $152.6M | $-131.5M | ||
| Q4 24 | $312.5M | $-33.2M | ||
| Q3 24 | $234.5M | $123.7M | ||
| Q2 24 | $332.4M | $196.8M |
自由现金流率BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -4.9% | ||
| Q3 25 | 26.6% | 20.8% | ||
| Q2 25 | 32.4% | 19.2% | ||
| Q1 25 | 17.6% | -18.7% | ||
| Q4 24 | 36.4% | -7.5% | ||
| Q3 24 | 27.3% | 19.9% | ||
| Q2 24 | 39.1% | 28.8% |
资本支出强度BXPGOLF
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 4.8% | ||
| Q3 25 | 4.9% | 4.0% | ||
| Q2 25 | 8.2% | 1.9% | ||
| Q1 25 | 6.6% | 1.6% | ||
| Q4 24 | 8.3% | 7.2% | ||
| Q3 24 | 6.0% | 3.3% | ||
| Q2 24 | 4.1% | 2.2% |
现金转化率BXPGOLF
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 3.97× | 2.01× | ||
| Q1 25 | 3.43× | -1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 2.56× | ||
| Q2 24 | 4.61× | 2.96× |
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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
