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BXP, Inc.（BXP）与HOVNANIAN ENTERPRISES INC（HOV）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HOVNANIAN ENTERPRISES INC的1.1倍（$872.1M vs $817.9M），BXP, Inc.净利率更高（15.3% vs -0.1%，领先15.3%），BXP, Inc.同比增速更快（0.8% vs -16.5%），过去两年HOVNANIAN ENTERPRISES INC的营收复合增速更高（17.3% 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。
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
BXP vs HOV — 直观对比
营收规模更大
BXP
是对方的1.1倍
$817.9M
营收增速更快
BXP
高出17.3%
-16.5%
净利率更高
BXP
高出15.3%
-0.1%
两年增速更快
HOV
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $817.9M |
| 净利润 | $133.0M | $-667.0K |
| 毛利率 | — | — |
| 营业利润率 | — | -0.5% |
| 净利率 | 15.3% | -0.1% |
| 营收同比 | 0.8% | -16.5% |
| 净利润同比 | 53.0% | -100.7% |
| 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BXPHOV
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $817.9M | ||
| Q3 25 | $871.5M | $800.6M | ||
| Q2 25 | $868.5M | $686.5M | ||
| Q1 25 | $865.2M | $673.6M | ||
| Q4 24 | $858.6M | $979.6M | ||
| Q3 24 | $859.2M | $722.7M | ||
| Q2 24 | $850.5M | $708.4M |
净利润BXPHOV
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-667.0K | ||
| Q3 25 | $-121.7M | $16.6M | ||
| Q2 25 | $89.0M | $19.7M | ||
| Q1 25 | $61.2M | $28.2M | ||
| Q4 24 | $-228.9M | $94.3M | ||
| Q3 24 | $83.6M | $72.9M | ||
| Q2 24 | $79.6M | $50.8M |
毛利率BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | — |
营业利润率BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 9.8% |
净利率BXPHOV
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -0.1% | ||
| Q3 25 | -14.0% | 2.1% | ||
| Q2 25 | 10.2% | 2.9% | ||
| Q1 25 | 7.1% | 4.2% | ||
| Q4 24 | -26.7% | 9.6% | ||
| Q3 24 | 9.7% | 10.1% | ||
| Q2 24 | 9.4% | 7.2% |
每股收益（稀释后）BXPHOV
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.57 | ||
| Q3 25 | $-0.77 | $1.99 | ||
| Q2 25 | $0.56 | $2.43 | ||
| Q1 25 | $0.39 | $3.58 | ||
| Q4 24 | $-1.46 | $12.47 | ||
| Q3 24 | $0.53 | $9.75 | ||
| Q2 24 | $0.51 | $6.66 |
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 | — | $900.7M |
| 股东权益账面价值 | $7.7B | $830.9M |
| 总资产 | $25.1B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资BXPHOV
| 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BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | — | $900.7M | ||
| Q3 25 | — | $861.9M | ||
| Q2 25 | — | $864.3M | ||
| Q1 25 | — | $893.7M | ||
| Q4 24 | — | $896.2M | ||
| Q3 24 | — | $898.7M | ||
| Q2 24 | — | $933.0M |
股东权益BXPHOV
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $830.9M | ||
| Q3 25 | $5.0B | $835.4M | ||
| Q2 25 | $5.3B | $820.4M | ||
| Q1 25 | $5.3B | $811.4M | ||
| Q4 24 | $5.4B | $800.3M | ||
| Q3 24 | $5.8B | $703.4M | ||
| Q2 24 | $5.8B | $647.0M |
总资产BXPHOV
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.6B | ||
| Q3 25 | $26.0B | $2.6B | ||
| Q2 25 | $25.6B | $2.6B | ||
| Q1 25 | $25.4B | $2.5B | ||
| Q4 24 | $26.1B | $2.6B | ||
| Q3 24 | $26.4B | $2.5B | ||
| Q2 24 | $25.5B | $2.3B |
负债/权益比BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.44× |
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 | — | $169.1M |
| 自由现金流经营现金流 - 资本支出 | — | $164.0M |
| 自由现金流率自由现金流/营收 | — | 20.0% |
| 资本支出强度资本支出/营收 | 1.5% | 0.6% |
| 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 | — | $166.2M |
8季度趋势，按日历期对齐
经营现金流BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $169.1M | ||
| Q3 25 | $274.2M | $52.8M | ||
| Q2 25 | $353.1M | $22.3M | ||
| Q1 25 | $210.0M | $-55.9M | ||
| Q4 24 | $383.7M | $115.8M | ||
| Q3 24 | $286.1M | $-92.3M | ||
| Q2 24 | $367.1M | $89.1M |
自由现金流BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $164.0M | ||
| Q3 25 | $231.6M | $45.8M | ||
| Q2 25 | $281.5M | $16.0M | ||
| Q1 25 | $152.6M | $-59.6M | ||
| Q4 24 | $312.5M | $111.4M | ||
| Q3 24 | $234.5M | $-95.8M | ||
| Q2 24 | $332.4M | $84.7M |
自由现金流率BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 20.0% | ||
| Q3 25 | 26.6% | 5.7% | ||
| Q2 25 | 32.4% | 2.3% | ||
| Q1 25 | 17.6% | -8.8% | ||
| Q4 24 | 36.4% | 11.4% | ||
| Q3 24 | 27.3% | -13.3% | ||
| Q2 24 | 39.1% | 12.0% |
资本支出强度BXPHOV
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.6% | ||
| Q3 25 | 4.9% | 0.9% | ||
| Q2 25 | 8.2% | 0.9% | ||
| Q1 25 | 6.6% | 0.5% | ||
| Q4 24 | 8.3% | 0.5% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 4.1% | 0.6% |
现金转化率BXPHOV
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 3.18× | ||
| Q2 25 | 3.97× | 1.13× | ||
| Q1 25 | 3.43× | -1.98× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | 3.42× | -1.27× | ||
| Q2 24 | 4.61× | 1.75× |
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% |
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
