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BXP, Inc.（BXP）与伯克希尔·哈撒韦（HEI）财务数据对比。点击上方公司名可切换其他公司
伯克希尔·哈撒韦的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），伯克希尔·哈撒韦净利率更高（16.1% vs 15.3%，领先0.9%），伯克希尔·哈撒韦同比增速更快（14.4% vs 0.8%），过去两年伯克希尔·哈撒韦的营收复合增速更高（11.1% 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。
伯克希尔·哈撒韦是总部位于美国内布拉斯加州奥马哈的跨国综合控股集团，最初主营纺织品制造，1965年起在董事长兼首席执行官沃伦·巴菲特、副董事长查理·芒格的带领下转型为多元化企业集团，2026年初格雷格·阿贝尔接任首席执行官，巴菲特个人持有公司38.4%的A类有投票权股份，对应15.1%的整体经济权益。
BXP vs HEI — 直观对比
营收规模更大
HEI
是对方的1.4倍
$872.1M
营收增速更快
HEI
高出13.6%
0.8%
净利率更高
HEI
高出0.9%
15.3%
两年增速更快
HEI
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $190.2M |
| 毛利率 | — | 38.6% |
| 营业利润率 | — | 22.1% |
| 净利率 | 15.3% | 16.1% |
| 营收同比 | 0.8% | 14.4% |
| 净利润同比 | 53.0% | 13.2% |
| 每股收益（稀释后） | $1.69 | — |
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BXPHEI
| Q4 26 | — | $1.2B | ||
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.1B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $1.0B | ||
| Q3 24 | $859.2M | $992.2M |
净利润BXPHEI
| Q4 26 | — | $190.2M | ||
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $188.3M | ||
| Q3 25 | $-121.7M | $177.3M | ||
| Q2 25 | $89.0M | $156.8M | ||
| Q1 25 | $61.2M | $168.0M | ||
| Q4 24 | $-228.9M | $139.7M | ||
| Q3 24 | $83.6M | $136.6M |
毛利率BXPHEI
| Q4 26 | — | 38.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 40.2% | ||
| Q3 25 | 59.3% | 39.8% | ||
| Q2 25 | 59.2% | 39.9% | ||
| Q1 25 | 59.2% | 39.4% | ||
| Q4 24 | 59.7% | 38.9% | ||
| Q3 24 | 59.5% | 39.2% |
营业利润率BXPHEI
| Q4 26 | — | 22.1% | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 22.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 21.8% |
净利率BXPHEI
| Q4 26 | — | 16.1% | ||
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 15.6% | ||
| Q3 25 | -14.0% | 15.5% | ||
| Q2 25 | 10.2% | 14.3% | ||
| Q1 25 | 7.1% | 16.3% | ||
| Q4 24 | -26.7% | 13.8% | ||
| Q3 24 | 9.7% | 13.8% |
每股收益（稀释后）BXPHEI
| Q4 26 | — | — | ||
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.32 | ||
| Q3 25 | $-0.77 | $1.26 | ||
| Q2 25 | $0.56 | $1.12 | ||
| Q1 25 | $0.39 | $1.20 | ||
| Q4 24 | $-1.46 | $1.00 | ||
| Q3 24 | $0.53 | $0.97 |
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 | $261.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $7.7B | $4.6B |
| 总资产 | $25.1B | $9.0B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资BXPHEI
| Q4 26 | — | $261.0M | ||
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $217.8M | ||
| Q3 25 | $861.1M | $261.9M | ||
| Q2 25 | $447.0M | $242.3M | ||
| Q1 25 | $398.1M | $165.5M | ||
| Q4 24 | $1.3B | $162.1M | ||
| Q3 24 | $1.4B | $202.9M |
总债务BXPHEI
| Q4 26 | — | $2.5B | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B |
股东权益BXPHEI
| Q4 26 | — | $4.6B | ||
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.3B | ||
| Q3 25 | $5.0B | $4.1B | ||
| Q2 25 | $5.3B | $4.0B | ||
| Q1 25 | $5.3B | $3.7B | ||
| Q4 24 | $5.4B | $3.6B | ||
| Q3 24 | $5.8B | $3.5B |
总资产BXPHEI
| Q4 26 | — | $9.0B | ||
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.5B | ||
| Q3 25 | $26.0B | $8.5B | ||
| Q2 25 | $25.6B | $8.1B | ||
| Q1 25 | $25.4B | $7.9B | ||
| Q4 24 | $26.1B | $7.6B | ||
| Q3 24 | $26.4B | $7.4B |
负债/权益比BXPHEI
| Q4 26 | — | 0.55× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× |
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 | — | $178.6M |
| 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% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 0.94× |
| 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BXPHEI
| Q4 26 | — | $178.6M | ||
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $295.3M | ||
| Q3 25 | $274.2M | $231.2M | ||
| Q2 25 | $353.1M | $204.7M | ||
| Q1 25 | $210.0M | $203.0M | ||
| Q4 24 | $383.7M | $205.6M | ||
| Q3 24 | $286.1M | $214.0M |
自由现金流BXPHEI
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $268.5M | ||
| Q3 25 | $231.6M | $218.5M | ||
| Q2 25 | $281.5M | $188.7M | ||
| Q1 25 | $152.6M | $185.7M | ||
| Q4 24 | $312.5M | $189.5M | ||
| Q3 24 | $234.5M | $198.1M |
自由现金流率BXPHEI
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 22.2% | ||
| Q3 25 | 26.6% | 19.0% | ||
| Q2 25 | 32.4% | 17.2% | ||
| Q1 25 | 17.6% | 18.0% | ||
| Q4 24 | 36.4% | 18.7% | ||
| Q3 24 | 27.3% | 20.0% |
资本支出强度BXPHEI
| Q4 26 | — | 1.1% | ||
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.2% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 1.5% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.3% | 1.6% | ||
| Q3 24 | 6.0% | 1.6% |
现金转化率BXPHEI
| Q4 26 | — | 0.94× | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.57× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 3.97× | 1.31× | ||
| Q1 25 | 3.43× | 1.21× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | 3.42× | 1.57× |
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% |
HEI
暂无分部数据
