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BXP, Inc.（BXP）与KELLY SERVICES INC（KELYA）财务数据对比。点击上方公司名可切换其他公司
KELLY SERVICES INC的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.同比增速更快（0.8% vs -3.3%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -3.1%）
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。
凯利服务是1946年成立的美国跨国人力资源服务企业，总部位于密歇根州特洛伊市。公司可为金融服务、信息技术、法律等多个领域输送各层级雇员，核心业务涵盖人力资源管理咨询、业务外包、人才招聘、职业转型及供应商管理等专业服务。
BXP vs KELYA — 直观对比
营收规模更大
KELYA
是对方的1.4倍
$872.1M
营收增速更快
BXP
高出4.1%
-3.3%
两年增速更快
BXP
近两年复合增速
-3.1%
损益表 — Q1 FY2026 vs Q4 FY2024
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | — |
| 毛利率 | — | 20.3% |
| 营业利润率 | — | -4.8% |
| 净利率 | 15.3% | — |
| 营收同比 | 0.8% | -3.3% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $-0.86 |
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BXPKELYA
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | — | ||
| Q2 25 | $868.5M | — | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.0B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPKELYA
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | — | ||
| Q2 25 | $89.0M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $800.0K | ||
| Q2 24 | $79.6M | $4.6M |
毛利率BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | 20.3% | ||
| Q3 24 | 59.5% | 21.4% | ||
| Q2 24 | 59.8% | 20.2% |
营业利润率BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.8% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.2% |
净利率BXPKELYA
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 0.1% | ||
| Q2 24 | 9.4% | 0.4% |
每股收益（稀释后）BXPKELYA
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | $-0.86 | ||
| Q3 24 | $0.53 | $0.02 | ||
| Q2 24 | $0.51 | $0.12 |
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 | $39.0M |
| 总债务越低越好 | — | $239.4M |
| 股东权益账面价值 | $7.7B | $1.2B |
| 总资产 | $25.1B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BXPKELYA
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $39.0M | ||
| Q3 24 | $1.4B | $32.8M | ||
| Q2 24 | $685.4M | $38.2M |
总债务BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $239.4M | ||
| Q3 24 | — | $228.2M | ||
| Q2 24 | — | $210.4M |
股东权益BXPKELYA
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.3B |
总资产BXPKELYA
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | — | ||
| Q2 25 | $25.6B | — | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | $2.6B | ||
| Q3 24 | $26.4B | $2.7B | ||
| Q2 24 | $25.5B | $2.6B |
负债/权益比BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.16× |
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 | — | $15.0M |
| 自由现金流经营现金流 - 资本支出 | — | $13.0M |
| 自由现金流率自由现金流/营收 | — | 1.1% |
| 资本支出强度资本支出/营收 | 1.5% | 0.2% |
| 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 | — | $15.8M |
8季度趋势，按日历期对齐
经营现金流BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | — | ||
| Q2 25 | $353.1M | — | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | $15.0M | ||
| Q3 24 | $286.1M | $-20.3M | ||
| Q2 24 | $367.1M | $57.7M |
自由现金流BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $13.0M | ||
| Q3 24 | $234.5M | $-22.7M | ||
| Q2 24 | $332.4M | $54.7M |
自由现金流率BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | 1.1% | ||
| Q3 24 | 27.3% | -2.2% | ||
| Q2 24 | 39.1% | 5.2% |
资本支出强度BXPKELYA
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 6.0% | 0.2% | ||
| Q2 24 | 4.1% | 0.3% |
现金转化率BXPKELYA
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | -25.38× | ||
| Q2 24 | 4.61× | 12.54× |
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% |
KELYA
| Science Engineering Technology | $295.8M | 25% |
| Education | $293.1M | 25% |
| Staffing Services | $237.7M | 20% |
| Other | $138.8M | 12% |
| Talent Solutions | $120.5M | 10% |
| Outcome Based Services | $103.6M | 9% |
| Permanent Placement | $1.6M | 0% |
