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BXP, Inc.（BXP）与因美纳（ILMN）财务数据对比。点击上方公司名可切换其他公司
因美纳的季度营收约是BXP, Inc.的1.3倍（$1.1B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 12.3%，领先3.0%），因美纳同比增速更快（4.8% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% 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。
因美纳是总部位于美国加利福尼亚州圣迭戈的生物技术企业，成立于1998年4月，专注研发、生产及销售用于分析基因变异与生物功能的集成系统，产品及服务覆盖测序、基因分型、基因表达、蛋白质组学等领域，业务遍及全球超155个国家和地区。
BXP vs ILMN — 直观对比
营收规模更大
ILMN
是对方的1.3倍
$872.1M
营收增速更快
ILMN
高出4.0%
0.8%
净利率更高
BXP
高出3.0%
12.3%
两年增速更快
BXP
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $134.0M |
| 毛利率 | — | 66.1% |
| 营业利润率 | — | 19.2% |
| 净利率 | 15.3% | 12.3% |
| 营收同比 | 0.8% | 4.8% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $0.87 |
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BXPILMN
| Q1 26 | $872.1M | $1.1B | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | — | ||
| Q2 25 | $868.5M | — | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPILMN
| Q1 26 | $133.0M | $134.0M | ||
| Q4 25 | $248.4M | $334.0M | ||
| Q3 25 | $-121.7M | — | ||
| Q2 25 | $89.0M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | $186.0M | ||
| Q3 24 | $83.6M | $705.0M | ||
| Q2 24 | $79.6M | $-2.0B |
毛利率BXPILMN
| Q1 26 | — | 66.1% | ||
| Q4 25 | 58.8% | 65.5% | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | 65.9% | ||
| Q3 24 | 59.5% | 69.0% | ||
| Q2 24 | 59.8% | 64.8% |
营业利润率BXPILMN
| Q1 26 | — | 19.2% | ||
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | -147.2% |
净利率BXPILMN
| Q1 26 | 15.3% | 12.3% | ||
| Q4 25 | 28.3% | 28.8% | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | 16.8% | ||
| Q3 24 | 9.7% | 65.3% | ||
| Q2 24 | 9.4% | -178.8% |
每股收益（稀释后）BXPILMN
| Q1 26 | $1.69 | $0.87 | ||
| Q4 25 | $1.56 | $2.16 | ||
| Q3 25 | $-0.77 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | $1.16 | ||
| Q3 24 | $0.53 | $4.42 | ||
| Q2 24 | $0.51 | $-12.48 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $6.6B |
| 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BXPILMN
| Q1 26 | $512.8M | $1.2B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $93.0M | ||
| Q3 24 | $1.4B | $70.0M | ||
| Q2 24 | $685.4M | $74.0M |
股东权益BXPILMN
| Q1 26 | $7.7B | $2.7B | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | $2.4B | ||
| Q3 24 | $5.8B | $2.1B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPILMN
| Q1 26 | $25.1B | $6.6B | ||
| Q4 25 | $26.2B | $6.6B | ||
| Q3 25 | $26.0B | — | ||
| Q2 25 | $25.6B | — | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | $6.3B | ||
| Q3 24 | $26.4B | $6.0B | ||
| Q2 24 | $25.5B | $6.1B |
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 | — | $289.0M |
| 自由现金流经营现金流 - 资本支出 | — | $251.0M |
| 自由现金流率自由现金流/营收 | — | 23.0% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流BXPILMN
| Q1 26 | — | $289.0M | ||
| Q4 25 | $407.8M | $321.0M | ||
| Q3 25 | $274.2M | — | ||
| Q2 25 | $353.1M | — | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | $364.0M | ||
| Q3 24 | $286.1M | $316.0M | ||
| Q2 24 | $367.1M | $80.0M |
自由现金流BXPILMN
| Q1 26 | — | $251.0M | ||
| Q4 25 | $362.7M | $267.0M | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $335.0M | ||
| Q3 24 | $234.5M | $284.0M | ||
| Q2 24 | $332.4M | $49.0M |
自由现金流率BXPILMN
| Q1 26 | — | 23.0% | ||
| Q4 25 | 41.4% | 23.0% | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | 30.3% | ||
| Q3 24 | 27.3% | 26.3% | ||
| Q2 24 | 39.1% | 4.4% |
资本支出强度BXPILMN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 2.6% | ||
| Q3 24 | 6.0% | 3.0% | ||
| Q2 24 | 4.1% | 2.8% |
现金转化率BXPILMN
| Q1 26 | — | 2.16× | ||
| Q4 25 | 1.64× | 0.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 3.42× | 0.45× | ||
| Q2 24 | 4.61× | — |
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% |
ILMN
| Product revenue | $917.0M | 84% |
| Service and other revenue | $174.0M | 16% |
