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BXP, Inc.（BXP）与Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的1.2倍（$872.1M vs $747.5M），BXP, Inc.净利率更高（15.3% vs 10.2%，领先5.0%），BXP, Inc.同比增速更快（0.8% vs -0.4%），过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% 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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
BXP vs IBP — 直观对比
营收规模更大
BXP
是对方的1.2倍
$747.5M
营收增速更快
BXP
高出1.2%
-0.4%
净利率更高
BXP
高出5.0%
10.2%
两年增速更快
IBP
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $747.5M |
| 净利润 | $133.0M | $76.6M |
| 毛利率 | — | 35.0% |
| 营业利润率 | — | 14.6% |
| 净利率 | 15.3% | 10.2% |
| 营收同比 | 0.8% | -0.4% |
| 净利润同比 | 53.0% | 14.5% |
| 每股收益（稀释后） | $1.69 | $2.81 |
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BXPIBP
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $747.5M | ||
| Q3 25 | $871.5M | $778.2M | ||
| Q2 25 | $868.5M | $760.3M | ||
| Q1 25 | $865.2M | $684.8M | ||
| Q4 24 | $858.6M | $750.2M | ||
| Q3 24 | $859.2M | $760.6M | ||
| Q2 24 | $850.5M | $737.6M |
净利润BXPIBP
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $76.6M | ||
| Q3 25 | $-121.7M | $74.4M | ||
| Q2 25 | $89.0M | $69.0M | ||
| Q1 25 | $61.2M | $45.4M | ||
| Q4 24 | $-228.9M | $66.9M | ||
| Q3 24 | $83.6M | $68.6M | ||
| Q2 24 | $79.6M | $65.2M |
毛利率BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 35.0% | ||
| Q3 25 | 59.3% | 34.0% | ||
| Q2 25 | 59.2% | 34.2% | ||
| Q1 25 | 59.2% | 32.7% | ||
| Q4 24 | 59.7% | 33.6% | ||
| Q3 24 | 59.5% | 33.8% | ||
| Q2 24 | 59.8% | 34.1% |
营业利润率BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.6% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 12.9% |
净利率BXPIBP
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 10.2% | ||
| Q3 25 | -14.0% | 9.6% | ||
| Q2 25 | 10.2% | 9.1% | ||
| Q1 25 | 7.1% | 6.6% | ||
| Q4 24 | -26.7% | 8.9% | ||
| Q3 24 | 9.7% | 9.0% | ||
| Q2 24 | 9.4% | 8.8% |
每股收益（稀释后）BXPIBP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.81 | ||
| Q3 25 | $-0.77 | $2.74 | ||
| Q2 25 | $0.56 | $2.52 | ||
| Q1 25 | $0.39 | $1.64 | ||
| Q4 24 | $-1.46 | $2.39 | ||
| Q3 24 | $0.53 | $2.44 | ||
| Q2 24 | $0.51 | $2.30 |
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 | $321.9M |
| 总债务越低越好 | — | $886.6M |
| 股东权益账面价值 | $7.7B | $709.9M |
| 总资产 | $25.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资BXPIBP
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $321.9M | ||
| Q3 25 | $861.1M | $333.3M | ||
| Q2 25 | $447.0M | $305.2M | ||
| Q1 25 | $398.1M | $298.7M | ||
| Q4 24 | $1.3B | $327.6M | ||
| Q3 24 | $1.4B | $406.2M | ||
| Q2 24 | $685.4M | $380.3M |
总债务BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M |
股东权益BXPIBP
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $709.9M | ||
| Q3 25 | $5.0B | $678.6M | ||
| Q2 25 | $5.3B | $664.5M | ||
| Q1 25 | $5.3B | $660.9M | ||
| Q4 24 | $5.4B | $705.3M | ||
| Q3 24 | $5.8B | $716.4M | ||
| Q2 24 | $5.8B | $685.3M |
总资产BXPIBP
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.1B | ||
| Q3 25 | $26.0B | $2.1B | ||
| Q2 25 | $25.6B | $2.0B | ||
| Q1 25 | $25.4B | $2.0B | ||
| Q4 24 | $26.1B | $2.1B | ||
| Q3 24 | $26.4B | $2.1B | ||
| Q2 24 | $25.5B | $2.0B |
负债/权益比BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× |
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 | — | $64.9M |
| 自由现金流经营现金流 - 资本支出 | — | $49.3M |
| 自由现金流率自由现金流/营收 | — | 6.6% |
| 资本支出强度资本支出/营收 | 1.5% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $300.8M |
8季度趋势，按日历期对齐
经营现金流BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $64.9M | ||
| Q3 25 | $274.2M | $124.0M | ||
| Q2 25 | $353.1M | $90.4M | ||
| Q1 25 | $210.0M | $92.1M | ||
| Q4 24 | $383.7M | $74.8M | ||
| Q3 24 | $286.1M | $101.4M | ||
| Q2 24 | $367.1M | $79.0M |
自由现金流BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $49.3M | ||
| Q3 25 | $231.6M | $104.8M | ||
| Q2 25 | $281.5M | $74.8M | ||
| Q1 25 | $152.6M | $71.9M | ||
| Q4 24 | $312.5M | $52.9M | ||
| Q3 24 | $234.5M | $77.3M | ||
| Q2 24 | $332.4M | $58.2M |
自由现金流率BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 6.6% | ||
| Q3 25 | 26.6% | 13.5% | ||
| Q2 25 | 32.4% | 9.8% | ||
| Q1 25 | 17.6% | 10.5% | ||
| Q4 24 | 36.4% | 7.1% | ||
| Q3 24 | 27.3% | 10.2% | ||
| Q2 24 | 39.1% | 7.9% |
资本支出强度BXPIBP
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.1% | ||
| Q3 25 | 4.9% | 2.5% | ||
| Q2 25 | 8.2% | 2.1% | ||
| Q1 25 | 6.6% | 2.9% | ||
| Q4 24 | 8.3% | 2.9% | ||
| Q3 24 | 6.0% | 3.2% | ||
| Q2 24 | 4.1% | 2.8% |
现金转化率BXPIBP
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.85× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | 3.97× | 1.31× | ||
| Q1 25 | 3.43× | 2.03× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 3.42× | 1.48× | ||
| Q2 24 | 4.61× | 1.21× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
