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BXP, Inc.（BXP）与HALOZYME THERAPEUTICS, INC.（HALO）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HALOZYME THERAPEUTICS, INC.的1.9倍（$872.1M vs $451.8M），BXP, Inc.净利率更高（15.3% vs -31.3%，领先46.6%），HALOZYME THERAPEUTICS, INC.同比增速更快（51.6% vs 0.8%），过去两年HALOZYME THERAPEUTICS, INC.的营收复合增速更高（51.9% 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。
Halozyme Therapeutics是一家美国生物技术企业，专注于肿瘤领域创新疗法研发，核心管线均针对肿瘤微环境进行靶向干预，致力于为全球癌症患者提供更安全高效的治疗选择。
BXP vs HALO — 直观对比
营收规模更大
BXP
是对方的1.9倍
$451.8M
营收增速更快
HALO
高出50.8%
0.8%
净利率更高
BXP
高出46.6%
-31.3%
两年增速更快
HALO
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $451.8M |
| 净利润 | $133.0M | $-141.6M |
| 毛利率 | — | 82.6% |
| 营业利润率 | — | -20.6% |
| 净利率 | 15.3% | -31.3% |
| 营收同比 | 0.8% | 51.6% |
| 净利润同比 | 53.0% | -203.3% |
| 每股收益（稀释后） | $1.69 | $-1.13 |
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BXPHALO
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $451.8M | ||
| Q3 25 | $871.5M | $354.3M | ||
| Q2 25 | $868.5M | $325.7M | ||
| Q1 25 | $865.2M | $264.9M | ||
| Q4 24 | $858.6M | $298.0M | ||
| Q3 24 | $859.2M | $290.1M | ||
| Q2 24 | $850.5M | $231.4M |
净利润BXPHALO
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-141.6M | ||
| Q3 25 | $-121.7M | $175.2M | ||
| Q2 25 | $89.0M | $165.2M | ||
| Q1 25 | $61.2M | $118.1M | ||
| Q4 24 | $-228.9M | $137.0M | ||
| Q3 24 | $83.6M | $137.0M | ||
| Q2 24 | $79.6M | $93.2M |
毛利率BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 82.6% | ||
| Q3 25 | 59.3% | 84.4% | ||
| Q2 25 | 59.2% | 85.8% | ||
| Q1 25 | 59.2% | 81.7% | ||
| Q4 24 | 59.7% | 85.9% | ||
| Q3 24 | 59.5% | 83.0% | ||
| Q2 24 | 59.8% | 82.9% |
营业利润率BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | — | -20.6% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 62.2% | ||
| Q1 25 | — | 53.4% | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | 56.3% | ||
| Q2 24 | — | 50.7% |
净利率BXPHALO
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -31.3% | ||
| Q3 25 | -14.0% | 49.5% | ||
| Q2 25 | 10.2% | 50.7% | ||
| Q1 25 | 7.1% | 44.6% | ||
| Q4 24 | -26.7% | 46.0% | ||
| Q3 24 | 9.7% | 47.2% | ||
| Q2 24 | 9.4% | 40.3% |
每股收益（稀释后）BXPHALO
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-1.13 | ||
| Q3 25 | $-0.77 | $1.43 | ||
| Q2 25 | $0.56 | $1.33 | ||
| Q1 25 | $0.39 | $0.93 | ||
| Q4 24 | $-1.46 | $1.06 | ||
| Q3 24 | $0.53 | $1.05 | ||
| Q2 24 | $0.51 | $0.72 |
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 | $133.8M |
| 总债务越低越好 | — | $2.1B |
| 股东权益账面价值 | $7.7B | $48.8M |
| 总资产 | $25.1B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 43.89× |
8季度趋势，按日历期对齐
现金及短期投资BXPHALO
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $133.8M | ||
| Q3 25 | $861.1M | $419.7M | ||
| Q2 25 | $447.0M | $61.9M | ||
| Q1 25 | $398.1M | $176.3M | ||
| Q4 24 | $1.3B | $115.8M | ||
| Q3 24 | $1.4B | $154.3M | ||
| Q2 24 | $685.4M | $187.9M |
总债务BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B |
股东权益BXPHALO
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $48.8M | ||
| Q3 25 | $5.0B | $503.9M | ||
| Q2 25 | $5.3B | $332.7M | ||
| Q1 25 | $5.3B | $482.3M | ||
| Q4 24 | $5.4B | $363.8M | ||
| Q3 24 | $5.8B | $452.7M | ||
| Q2 24 | $5.8B | $289.4M |
总资产BXPHALO
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.5B | ||
| Q3 25 | $26.0B | $2.2B | ||
| Q2 25 | $25.6B | $2.1B | ||
| Q1 25 | $25.4B | $2.2B | ||
| Q4 24 | $26.1B | $2.1B | ||
| Q3 24 | $26.4B | $2.1B | ||
| Q2 24 | $25.5B | $2.0B |
负债/权益比BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | — | 43.89× | ||
| Q3 25 | — | 3.00× | ||
| Q2 25 | — | 4.54× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | — | 4.14× | ||
| Q3 24 | — | 3.32× | ||
| Q2 24 | — | 5.19× |
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 | — | $219.0M |
| 自由现金流经营现金流 - 资本支出 | — | $217.6M |
| 自由现金流率自由现金流/营收 | — | 48.2% |
| 资本支出强度资本支出/营收 | 1.5% | 0.3% |
| 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 | — | $644.6M |
8季度趋势，按日历期对齐
经营现金流BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $219.0M | ||
| Q3 25 | $274.2M | $178.6M | ||
| Q2 25 | $353.1M | $99.7M | ||
| Q1 25 | $210.0M | $154.2M | ||
| Q4 24 | $383.7M | $178.5M | ||
| Q3 24 | $286.1M | $115.4M | ||
| Q2 24 | $367.1M | $55.8M |
自由现金流BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $217.6M | ||
| Q3 25 | $231.6M | $175.6M | ||
| Q2 25 | $281.5M | $98.1M | ||
| Q1 25 | $152.6M | $153.3M | ||
| Q4 24 | $312.5M | $175.4M | ||
| Q3 24 | $234.5M | $113.9M | ||
| Q2 24 | $332.4M | $53.2M |
自由现金流率BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 48.2% | ||
| Q3 25 | 26.6% | 49.6% | ||
| Q2 25 | 32.4% | 30.1% | ||
| Q1 25 | 17.6% | 57.9% | ||
| Q4 24 | 36.4% | 58.9% | ||
| Q3 24 | 27.3% | 39.3% | ||
| Q2 24 | 39.1% | 23.0% |
资本支出强度BXPHALO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.3% | ||
| Q3 25 | 4.9% | 0.9% | ||
| Q2 25 | 8.2% | 0.5% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 8.3% | 1.0% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 4.1% | 1.1% |
现金转化率BXPHALO
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | 3.97× | 0.60× | ||
| Q1 25 | 3.43× | 1.31× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | 3.42× | 0.84× | ||
| Q2 24 | 4.61× | 0.60× |
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% |
HALO
| Royalty | $258.0M | 57% |
| Products | $122.7M | 27% |
| Proprietary Products Sales | $59.6M | 13% |
| Device Partnered Products | $12.9M | 3% |
