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BXP, Inc.（BXP）与景顺（IVZ）财务数据对比。点击上方公司名可切换其他公司
景顺的季度营收约是BXP, Inc.的1.9倍（$1.7B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -58.9%，领先74.1%），景顺同比增速更快（6.2% vs 0.8%），过去两年景顺的营收复合增速更高（7.1% 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。
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
BXP vs IVZ — 直观对比
营收规模更大
IVZ
是对方的1.9倍
$872.1M
营收增速更快
IVZ
高出5.4%
0.8%
净利率更高
BXP
高出74.1%
-58.9%
两年增速更快
IVZ
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.7B |
| 净利润 | $133.0M | $-995.9M |
| 毛利率 | — | — |
| 营业利润率 | — | -86.2% |
| 净利率 | 15.3% | -58.9% |
| 营收同比 | 0.8% | 6.2% |
| 净利润同比 | 53.0% | -575.8% |
| 每股收益（稀释后） | $1.69 | $-2.61 |
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BXPIVZ
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.7B | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.5B | ||
| Q4 24 | $858.6M | $1.6B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.5B |
净利润BXPIVZ
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-995.9M | ||
| Q3 25 | $-121.7M | $356.4M | ||
| Q2 25 | $89.0M | $197.4M | ||
| Q1 25 | $61.2M | $171.1M | ||
| Q4 24 | $-228.9M | $209.3M | ||
| Q3 24 | $83.6M | $55.0M | ||
| Q2 24 | $79.6M | $132.2M |
毛利率BXPIVZ
| 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BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | — | -86.2% | ||
| Q3 25 | — | 16.5% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 13.9% |
净利率BXPIVZ
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -58.9% | ||
| Q3 25 | -14.0% | 21.7% | ||
| Q2 25 | 10.2% | 13.0% | ||
| Q1 25 | 7.1% | 11.2% | ||
| Q4 24 | -26.7% | 13.1% | ||
| Q3 24 | 9.7% | 3.6% | ||
| Q2 24 | 9.4% | 8.9% |
每股收益（稀释后）BXPIVZ
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-2.61 | ||
| Q3 25 | $-0.77 | $0.66 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.39 | $0.38 | ||
| Q4 24 | $-1.46 | $0.46 | ||
| Q3 24 | $0.53 | $0.12 | ||
| Q2 24 | $0.51 | $0.29 |
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 | $1.0B |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $7.7B | $12.2B |
| 总资产 | $25.1B | $27.1B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资BXPIVZ
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $861.1M | $973.1M | ||
| Q2 25 | $447.0M | $922.7M | ||
| Q1 25 | $398.1M | $821.7M | ||
| Q4 24 | $1.3B | $986.5M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $685.4M | $878.5M |
总债务BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $964.8M | ||
| Q4 24 | — | $890.6M | ||
| Q3 24 | — | $890.3M | ||
| Q2 24 | — | $890.1M |
股东权益BXPIVZ
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $12.2B | ||
| Q3 25 | $5.0B | $14.0B | ||
| Q2 25 | $5.3B | $13.9B | ||
| Q1 25 | $5.3B | $14.7B | ||
| Q4 24 | $5.4B | $14.6B | ||
| Q3 24 | $5.8B | $14.8B | ||
| Q2 24 | $5.8B | $14.6B |
总资产BXPIVZ
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $27.1B | ||
| Q3 25 | $26.0B | $28.4B | ||
| Q2 25 | $25.6B | $28.5B | ||
| Q1 25 | $25.4B | $28.1B | ||
| Q4 24 | $26.1B | $27.0B | ||
| Q3 24 | $26.4B | $27.5B | ||
| Q2 24 | $25.5B | $27.2B |
负债/权益比BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.06× |
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 | — | $455.8M |
| 自由现金流经营现金流 - 资本支出 | — | $432.2M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | 1.5% | 1.4% |
| 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 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $455.8M | ||
| Q3 25 | $274.2M | $606.2M | ||
| Q2 25 | $353.1M | $547.9M | ||
| Q1 25 | $210.0M | $-84.6M | ||
| Q4 24 | $383.7M | $316.9M | ||
| Q3 24 | $286.1M | $438.4M | ||
| Q2 24 | $367.1M | $489.1M |
自由现金流BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $432.2M | ||
| Q3 25 | $231.6M | $586.4M | ||
| Q2 25 | $281.5M | $530.4M | ||
| Q1 25 | $152.6M | $-108.0M | ||
| Q4 24 | $312.5M | $309.9M | ||
| Q3 24 | $234.5M | $410.0M | ||
| Q2 24 | $332.4M | $462.4M |
自由现金流率BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 25.5% | ||
| Q3 25 | 26.6% | 35.7% | ||
| Q2 25 | 32.4% | 35.0% | ||
| Q1 25 | 17.6% | -7.1% | ||
| Q4 24 | 36.4% | 19.5% | ||
| Q3 24 | 27.3% | 27.1% | ||
| Q2 24 | 39.1% | 31.2% |
资本支出强度BXPIVZ
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 4.9% | 1.2% | ||
| Q2 25 | 8.2% | 1.2% | ||
| Q1 25 | 6.6% | 1.5% | ||
| Q4 24 | 8.3% | 0.4% | ||
| Q3 24 | 6.0% | 1.9% | ||
| Q2 24 | 4.1% | 1.8% |
现金转化率BXPIVZ
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | 3.97× | 2.78× | ||
| Q1 25 | 3.43× | -0.49× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 3.42× | 7.97× | ||
| Q2 24 | 4.61× | 3.70× |
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% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
