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BXP, Inc.（BXP）与HECLA MINING CO（HL）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HECLA MINING CO的1.9倍（$872.1M vs $448.1M），HECLA MINING CO净利率更高（30.0% vs 15.3%，领先14.7%），HECLA MINING CO同比增速更快（79.5% vs 0.8%），过去两年HECLA MINING CO的营收复合增速更高（53.8% 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。
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
BXP vs HL — 直观对比
营收规模更大
BXP
是对方的1.9倍
$448.1M
营收增速更快
HL
高出78.7%
0.8%
净利率更高
HL
高出14.7%
15.3%
两年增速更快
HL
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $448.1M |
| 净利润 | $133.0M | $134.4M |
| 毛利率 | — | 55.4% |
| 营业利润率 | — | 49.1% |
| 净利率 | 15.3% | 30.0% |
| 营收同比 | 0.8% | 79.5% |
| 净利润同比 | 53.0% | 1027.2% |
| 每股收益（稀释后） | $1.69 | $0.20 |
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BXPHL
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $448.1M | ||
| Q3 25 | $871.5M | $409.5M | ||
| Q2 25 | $868.5M | $304.0M | ||
| Q1 25 | $865.2M | $261.3M | ||
| Q4 24 | $858.6M | $249.7M | ||
| Q3 24 | $859.2M | $245.1M | ||
| Q2 24 | $850.5M | $245.7M |
净利润BXPHL
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $134.4M | ||
| Q3 25 | $-121.7M | $100.7M | ||
| Q2 25 | $89.0M | $57.7M | ||
| Q1 25 | $61.2M | $28.9M | ||
| Q4 24 | $-228.9M | $11.9M | ||
| Q3 24 | $83.6M | $1.8M | ||
| Q2 24 | $79.6M | $27.9M |
毛利率BXPHL
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 55.4% | ||
| Q3 25 | 59.3% | 44.1% | ||
| Q2 25 | 59.2% | 39.3% | ||
| Q1 25 | 59.2% | 28.3% | ||
| Q4 24 | 59.7% | 27.4% | ||
| Q3 24 | 59.5% | 24.2% | ||
| Q2 24 | 59.8% | 20.9% |
营业利润率BXPHL
| Q1 26 | — | — | ||
| Q4 25 | — | 49.1% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | — | 30.8% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 16.5% |
净利率BXPHL
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 30.0% | ||
| Q3 25 | -14.0% | 24.6% | ||
| Q2 25 | 10.2% | 19.0% | ||
| Q1 25 | 7.1% | 11.0% | ||
| Q4 24 | -26.7% | 4.8% | ||
| Q3 24 | 9.7% | 0.7% | ||
| Q2 24 | 9.4% | 11.3% |
每股收益（稀释后）BXPHL
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.20 | ||
| Q3 25 | $-0.77 | $0.15 | ||
| Q2 25 | $0.56 | $0.09 | ||
| Q1 25 | $0.39 | $0.05 | ||
| Q4 24 | $-1.46 | $0.03 | ||
| Q3 24 | $0.53 | $0.00 | ||
| Q2 24 | $0.51 | $0.04 |
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 | $301.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.6B |
| 总资产 | $25.1B | $3.6B |
| 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BXPHL
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $301.2M | ||
| Q3 25 | $861.1M | $133.9M | ||
| Q2 25 | $447.0M | $296.6M | ||
| Q1 25 | $398.1M | $23.7M | ||
| Q4 24 | $1.3B | $26.9M | ||
| Q3 24 | $1.4B | $22.3M | ||
| Q2 24 | $685.4M | $24.6M |
股东权益BXPHL
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $5.4B | $2.0B | ||
| Q3 24 | $5.8B | $2.0B | ||
| Q2 24 | $5.8B | $2.0B |
总资产BXPHL
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.6B | ||
| Q3 25 | $26.0B | $3.2B | ||
| Q2 25 | $25.6B | $3.3B | ||
| Q1 25 | $25.4B | $3.0B | ||
| Q4 24 | $26.1B | $3.0B | ||
| Q3 24 | $26.4B | $3.0B | ||
| Q2 24 | $25.5B | $2.9B |
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 | — | $217.1M |
| 自由现金流经营现金流 - 资本支出 | — | $134.7M |
| 自由现金流率自由现金流/营收 | — | 30.1% |
| 资本支出强度资本支出/营收 | 1.5% | 18.4% |
| 现金转化率经营现金流/净利润 | — | 1.61× |
| 过去12个月自由现金流最近4个季度 | — | $310.2M |
8季度趋势，按日历期对齐
经营现金流BXPHL
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $217.1M | ||
| Q3 25 | $274.2M | $148.0M | ||
| Q2 25 | $353.1M | $161.8M | ||
| Q1 25 | $210.0M | $35.7M | ||
| Q4 24 | $383.7M | $67.5M | ||
| Q3 24 | $286.1M | $55.0M | ||
| Q2 24 | $367.1M | $78.7M |
自由现金流BXPHL
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $134.7M | ||
| Q3 25 | $231.6M | $90.1M | ||
| Q2 25 | $281.5M | $103.8M | ||
| Q1 25 | $152.6M | $-18.4M | ||
| Q4 24 | $312.5M | $6.7M | ||
| Q3 24 | $234.5M | $-690.0K | ||
| Q2 24 | $332.4M | $28.3M |
自由现金流率BXPHL
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 30.1% | ||
| Q3 25 | 26.6% | 22.0% | ||
| Q2 25 | 32.4% | 34.1% | ||
| Q1 25 | 17.6% | -7.0% | ||
| Q4 24 | 36.4% | 2.7% | ||
| Q3 24 | 27.3% | -0.3% | ||
| Q2 24 | 39.1% | 11.5% |
资本支出强度BXPHL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 18.4% | ||
| Q3 25 | 4.9% | 14.1% | ||
| Q2 25 | 8.2% | 19.1% | ||
| Q1 25 | 6.6% | 20.7% | ||
| Q4 24 | 8.3% | 24.3% | ||
| Q3 24 | 6.0% | 22.7% | ||
| Q2 24 | 4.1% | 20.5% |
现金转化率BXPHL
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.61× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 3.97× | 2.80× | ||
| Q1 25 | 3.43× | 1.24× | ||
| Q4 24 | — | 5.66× | ||
| Q3 24 | 3.42× | 31.24× | ||
| Q2 24 | 4.61× | 2.82× |
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% |
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
