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BXP, Inc.（BXP）与亨斯迈（HUN）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是BXP, Inc.的1.6倍（$1.4B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -7.1%，领先22.3%），BXP, Inc.同比增速更快（0.8% vs -6.7%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -4.0%）
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。
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
BXP vs HUN — 直观对比
营收规模更大
HUN
是对方的1.6倍
$872.1M
营收增速更快
BXP
高出7.5%
-6.7%
净利率更高
BXP
高出22.3%
-7.1%
两年增速更快
BXP
近两年复合增速
-4.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.4B |
| 净利润 | $133.0M | $-96.0M |
| 毛利率 | — | 12.1% |
| 营业利润率 | — | -4.4% |
| 净利率 | 15.3% | -7.1% |
| 营收同比 | 0.8% | -6.7% |
| 净利润同比 | 53.0% | 31.9% |
| 每股收益（稀释后） | $1.69 | $-0.56 |
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BXPHUN
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.4B | ||
| Q3 25 | $871.5M | $1.5B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.5B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.6B |
净利润BXPHUN
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-96.0M | ||
| Q3 25 | $-121.7M | $-25.0M | ||
| Q2 25 | $89.0M | $-158.0M | ||
| Q1 25 | $61.2M | $-5.0M | ||
| Q4 24 | $-228.9M | $-141.0M | ||
| Q3 24 | $83.6M | $-33.0M | ||
| Q2 24 | $79.6M | $22.0M |
毛利率BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 12.1% | ||
| Q3 25 | 59.3% | 14.0% | ||
| Q2 25 | 59.2% | 12.5% | ||
| Q1 25 | 59.2% | 14.3% | ||
| Q4 24 | 59.7% | 12.9% | ||
| Q3 24 | 59.5% | 15.2% | ||
| Q2 24 | 59.8% | 15.4% |
营业利润率BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | — | -4.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | -8.2% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | -4.3% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.2% |
净利率BXPHUN
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -7.1% | ||
| Q3 25 | -14.0% | -1.7% | ||
| Q2 25 | 10.2% | -10.8% | ||
| Q1 25 | 7.1% | -0.4% | ||
| Q4 24 | -26.7% | -9.7% | ||
| Q3 24 | 9.7% | -2.1% | ||
| Q2 24 | 9.4% | 1.4% |
每股收益（稀释后）BXPHUN
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.56 | ||
| Q3 25 | $-0.77 | $-0.14 | ||
| Q2 25 | $0.56 | $-0.92 | ||
| Q1 25 | $0.39 | $-0.03 | ||
| Q4 24 | $-1.46 | $-0.82 | ||
| Q3 24 | $0.53 | $-0.19 | ||
| Q2 24 | $0.51 | $0.13 |
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 | $429.0M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $7.7B | $2.8B |
| 总资产 | $25.1B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资BXPHUN
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $429.0M | ||
| Q3 25 | $861.1M | $468.0M | ||
| Q2 25 | $447.0M | $399.0M | ||
| Q1 25 | $398.1M | $334.0M | ||
| Q4 24 | $1.3B | $340.0M | ||
| Q3 24 | $1.4B | $330.0M | ||
| Q2 24 | $685.4M | $335.0M |
总债务BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B |
股东权益BXPHUN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.8B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $5.4B | $3.0B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $3.1B |
总资产BXPHUN
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $7.0B | ||
| Q3 25 | $26.0B | $7.1B | ||
| Q2 25 | $25.6B | $7.1B | ||
| Q1 25 | $25.4B | $7.2B | ||
| Q4 24 | $26.1B | $7.1B | ||
| Q3 24 | $26.4B | $7.3B | ||
| Q2 24 | $25.5B | $7.3B |
负债/权益比BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.62× |
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 | — | $76.0M |
| 自由现金流经营现金流 - 资本支出 | — | $19.0M |
| 自由现金流率自由现金流/营收 | — | 1.4% |
| 资本支出强度资本支出/营收 | 1.5% | 4.2% |
| 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 | — | $116.0M |
8季度趋势，按日历期对齐
经营现金流BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $76.0M | ||
| Q3 25 | $274.2M | $196.0M | ||
| Q2 25 | $353.1M | $91.0M | ||
| Q1 25 | $210.0M | $-74.0M | ||
| Q4 24 | $383.7M | $153.0M | ||
| Q3 24 | $286.1M | $129.0M | ||
| Q2 24 | $367.1M | $46.0M |
自由现金流BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $19.0M | ||
| Q3 25 | $231.6M | $153.0M | ||
| Q2 25 | $281.5M | $54.0M | ||
| Q1 25 | $152.6M | $-110.0M | ||
| Q4 24 | $312.5M | $102.0M | ||
| Q3 24 | $234.5M | $88.0M | ||
| Q2 24 | $332.4M | $-4.0M |
自由现金流率BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 1.4% | ||
| Q3 25 | 26.6% | 10.5% | ||
| Q2 25 | 32.4% | 3.7% | ||
| Q1 25 | 17.6% | -7.8% | ||
| Q4 24 | 36.4% | 7.0% | ||
| Q3 24 | 27.3% | 5.7% | ||
| Q2 24 | 39.1% | -0.3% |
资本支出强度BXPHUN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 4.2% | ||
| Q3 25 | 4.9% | 2.9% | ||
| Q2 25 | 8.2% | 2.5% | ||
| Q1 25 | 6.6% | 2.6% | ||
| Q4 24 | 8.3% | 3.5% | ||
| Q3 24 | 6.0% | 2.7% | ||
| Q2 24 | 4.1% | 3.2% |
现金转化率BXPHUN
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 2.09× |
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% |
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
