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BXP, Inc.（BXP）与Helmerich & Payne, Inc.（HP）财务数据对比。点击上方公司名可切换其他公司
Helmerich & Payne, Inc.的季度营收约是BXP, Inc.的1.1倍（$981.1M vs $872.1M），BXP, Inc.净利率更高（15.3% vs -9.9%，领先25.1%），Helmerich & Payne, Inc.同比增速更快（45.4% vs 0.8%），过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% 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。
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
BXP vs HP — 直观对比
营收规模更大
HP
是对方的1.1倍
$872.1M
营收增速更快
HP
高出44.6%
0.8%
净利率更高
BXP
高出25.1%
-9.9%
两年增速更快
HP
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $981.1M |
| 净利润 | $133.0M | $-96.7M |
| 毛利率 | — | — |
| 营业利润率 | — | -6.1% |
| 净利率 | 15.3% | -9.9% |
| 营收同比 | 0.8% | 45.4% |
| 净利润同比 | 53.0% | -276.6% |
| 每股收益（稀释后） | $1.69 | $-0.98 |
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BXPHP
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $981.1M | ||
| Q3 25 | $871.5M | $953.8M | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $674.6M | ||
| Q3 24 | $859.2M | $691.3M | ||
| Q2 24 | $850.5M | $695.1M |
净利润BXPHP
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-96.7M | ||
| Q3 25 | $-121.7M | $-57.4M | ||
| Q2 25 | $89.0M | $-162.8M | ||
| Q1 25 | $61.2M | $1.7M | ||
| Q4 24 | $-228.9M | $54.8M | ||
| Q3 24 | $83.6M | $75.5M | ||
| Q2 24 | $79.6M | $88.7M |
毛利率BXPHP
| 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BXPHP
| Q1 26 | — | — | ||
| Q4 25 | — | -6.1% | ||
| Q3 25 | — | -0.1% | ||
| Q2 25 | — | -12.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | — | 16.0% |
净利率BXPHP
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -9.9% | ||
| Q3 25 | -14.0% | -6.0% | ||
| Q2 25 | 10.2% | -15.7% | ||
| Q1 25 | 7.1% | 0.2% | ||
| Q4 24 | -26.7% | 8.1% | ||
| Q3 24 | 9.7% | 10.9% | ||
| Q2 24 | 9.4% | 12.8% |
每股收益（稀释后）BXPHP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.98 | ||
| Q3 25 | $-0.77 | $-0.57 | ||
| Q2 25 | $0.56 | $-1.64 | ||
| Q1 25 | $0.39 | $0.01 | ||
| Q4 24 | $-1.46 | $0.54 | ||
| Q3 24 | $0.53 | $0.77 | ||
| Q2 24 | $0.51 | $0.88 |
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 | $269.0M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $6.5B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资BXPHP
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $269.0M | ||
| Q3 25 | $861.1M | $218.3M | ||
| Q2 25 | $447.0M | $187.4M | ||
| Q1 25 | $398.1M | $195.6M | ||
| Q4 24 | $1.3B | $526.5M | ||
| Q3 24 | $1.4B | $510.3M | ||
| Q2 24 | $685.4M | $289.7M |
总债务BXPHP
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | — |
股东权益BXPHP
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.9B | ||
| Q1 25 | $5.3B | $3.1B | ||
| Q4 24 | $5.4B | $2.9B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $2.9B |
总资产BXPHP
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $6.5B | ||
| Q3 25 | $26.0B | $6.7B | ||
| Q2 25 | $25.6B | $6.9B | ||
| Q1 25 | $25.4B | $7.2B | ||
| Q4 24 | $26.1B | $5.8B | ||
| Q3 24 | $26.4B | $5.8B | ||
| Q2 24 | $25.5B | $4.5B |
负债/权益比BXPHP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.61× | ||
| 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 | — | $182.4M |
| 自由现金流经营现金流 - 资本支出 | — | $114.9M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | 1.5% | 6.9% |
| 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 | — | $179.6M |
8季度趋势，按日历期对齐
经营现金流BXPHP
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $182.4M | ||
| Q3 25 | $274.2M | $206.9M | ||
| Q2 25 | $353.1M | $121.6M | ||
| Q1 25 | $210.0M | $56.0M | ||
| Q4 24 | $383.7M | $158.4M | ||
| Q3 24 | $286.1M | $168.8M | ||
| Q2 24 | $367.1M | $197.4M |
自由现金流BXPHP
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $114.9M | ||
| Q3 25 | $231.6M | $142.8M | ||
| Q2 25 | $281.5M | $24.6M | ||
| Q1 25 | $152.6M | $-102.7M | ||
| Q4 24 | $312.5M | $51.9M | ||
| Q3 24 | $234.5M | $62.8M | ||
| Q2 24 | $332.4M | $63.0M |
自由现金流率BXPHP
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 11.7% | ||
| Q3 25 | 26.6% | 15.0% | ||
| Q2 25 | 32.4% | 2.4% | ||
| Q1 25 | 17.6% | -10.1% | ||
| Q4 24 | 36.4% | 7.7% | ||
| Q3 24 | 27.3% | 9.1% | ||
| Q2 24 | 39.1% | 9.1% |
资本支出强度BXPHP
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 6.9% | ||
| Q3 25 | 4.9% | 6.7% | ||
| Q2 25 | 8.2% | 9.3% | ||
| Q1 25 | 6.6% | 15.7% | ||
| Q4 24 | 8.3% | 15.8% | ||
| Q3 24 | 6.0% | 15.3% | ||
| Q2 24 | 4.1% | 19.3% |
现金转化率BXPHP
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | 33.89× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 3.42× | 2.24× | ||
| Q2 24 | 4.61× | 2.23× |
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% |
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
