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BXP, Inc.（BXP）与光辉国际（KFY）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是光辉国际的1.2倍（$872.1M vs $729.8M），BXP, Inc.净利率更高（15.3% vs 9.9%，领先5.3%），光辉国际同比增速更快（7.0% vs 0.8%），过去两年光辉国际的营收复合增速更高（3.8% 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。
光辉国际是一家总部位于美国加利福尼亚州洛杉矶的管理咨询企业，成立于1969年。截至2019年，公司在全球53个国家设有111个办事处，员工总数达8198名，旗下设有咨询、数字化、高管寻访、招聘流程外包及专业人才寻访四大业务板块，为全球客户提供全方位的人力资源及管理解决方案。
BXP vs KFY — 直观对比
营收规模更大
BXP
是对方的1.2倍
$729.8M
营收增速更快
KFY
高出6.2%
0.8%
净利率更高
BXP
高出5.3%
9.9%
两年增速更快
KFY
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $729.8M |
| 净利润 | $133.0M | $72.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 13.5% |
| 净利率 | 15.3% | 9.9% |
| 营收同比 | 0.8% | 7.0% |
| 净利润同比 | 53.0% | 19.1% |
| 每股收益（稀释后） | $1.69 | $1.36 |
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BXPKFY
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $729.8M | ||
| Q3 25 | $871.5M | $715.5M | ||
| Q2 25 | $868.5M | $719.8M | ||
| Q1 25 | $865.2M | $676.5M | ||
| Q4 24 | $858.6M | $682.0M | ||
| Q3 24 | $859.2M | $682.8M | ||
| Q2 24 | $850.5M | $699.9M |
净利润BXPKFY
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $72.4M | ||
| Q3 25 | $-121.7M | $66.6M | ||
| Q2 25 | $89.0M | $64.2M | ||
| Q1 25 | $61.2M | $58.4M | ||
| Q4 24 | $-228.9M | $60.8M | ||
| Q3 24 | $83.6M | $62.6M | ||
| Q2 24 | $79.6M | $65.2M |
毛利率BXPKFY
| 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BXPKFY
| Q1 26 | — | — | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.9% |
净利率BXPKFY
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 9.9% | ||
| Q3 25 | -14.0% | 9.3% | ||
| Q2 25 | 10.2% | 8.9% | ||
| Q1 25 | 7.1% | 8.6% | ||
| Q4 24 | -26.7% | 8.9% | ||
| Q3 24 | 9.7% | 9.2% | ||
| Q2 24 | 9.4% | 9.3% |
每股收益（稀释后）BXPKFY
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.36 | ||
| Q3 25 | $-0.77 | $1.26 | ||
| Q2 25 | $0.56 | $1.19 | ||
| Q1 25 | $0.39 | $1.10 | ||
| Q4 24 | $-1.46 | $1.14 | ||
| Q3 24 | $0.53 | $1.17 | ||
| Q2 24 | $0.51 | $1.25 |
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 | $801.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.9B |
| 总资产 | $25.1B | $3.7B |
| 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BXPKFY
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $801.1M | ||
| Q3 25 | $861.1M | $721.1M | ||
| Q2 25 | $447.0M | $1.0B | ||
| Q1 25 | $398.1M | $820.0M | ||
| Q4 24 | $1.3B | $735.5M | ||
| Q3 24 | $1.4B | $674.0M | ||
| Q2 24 | $685.4M | $983.7M |
股东权益BXPKFY
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.9B | ||
| Q3 25 | $5.0B | $1.9B | ||
| Q2 25 | $5.3B | $1.9B | ||
| Q1 25 | $5.3B | $1.8B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.7B |
总资产BXPKFY
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.7B | ||
| Q3 25 | $26.0B | $3.6B | ||
| Q2 25 | $25.6B | $3.9B | ||
| Q1 25 | $25.4B | $3.6B | ||
| Q4 24 | $26.1B | $3.5B | ||
| Q3 24 | $26.4B | $3.4B | ||
| Q2 24 | $25.5B | $3.7B |
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 | — | $121.4M |
| 自由现金流经营现金流 - 资本支出 | — | $100.7M |
| 自由现金流率自由现金流/营收 | — | 13.8% |
| 资本支出强度资本支出/营收 | 1.5% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.68× |
| 过去12个月自由现金流最近4个季度 | — | $272.6M |
8季度趋势，按日历期对齐
经营现金流BXPKFY
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $121.4M | ||
| Q3 25 | $274.2M | $-237.4M | ||
| Q2 25 | $353.1M | $255.8M | ||
| Q1 25 | $210.0M | $213.7M | ||
| Q4 24 | $383.7M | $122.0M | ||
| Q3 24 | $286.1M | $-227.2M | ||
| Q2 24 | $367.1M | $261.9M |
自由现金流BXPKFY
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $100.7M | ||
| Q3 25 | $231.6M | $-260.0M | ||
| Q2 25 | $281.5M | $235.5M | ||
| Q1 25 | $152.6M | $196.4M | ||
| Q4 24 | $312.5M | $107.7M | ||
| Q3 24 | $234.5M | $-237.7M | ||
| Q2 24 | $332.4M | $250.0M |
自由现金流率BXPKFY
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 13.8% | ||
| Q3 25 | 26.6% | -36.3% | ||
| Q2 25 | 32.4% | 32.7% | ||
| Q1 25 | 17.6% | 29.0% | ||
| Q4 24 | 36.4% | 15.8% | ||
| Q3 24 | 27.3% | -34.8% | ||
| Q2 24 | 39.1% | 35.7% |
资本支出强度BXPKFY
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.8% | ||
| Q3 25 | 4.9% | 3.2% | ||
| Q2 25 | 8.2% | 2.8% | ||
| Q1 25 | 6.6% | 2.6% | ||
| Q4 24 | 8.3% | 2.1% | ||
| Q3 24 | 6.0% | 1.5% | ||
| Q2 24 | 4.1% | 1.7% |
现金转化率BXPKFY
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.68× | ||
| Q3 25 | — | -3.56× | ||
| Q2 25 | 3.97× | 3.98× | ||
| Q1 25 | 3.43× | 3.66× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 3.42× | -3.63× | ||
| Q2 24 | 4.61× | 4.02× |
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% |
KFY
| Industrial | $234.0M | 32% |
| Technology Service | $104.5M | 14% |
| RPO | $92.3M | 13% |
| Digital | $91.2M | 13% |
| Consumer Goods | $85.0M | 12% |
| Executive Search EMEA | $52.2M | 7% |
| Education Non Profit And General | $43.2M | 6% |
| Executive Search Asia Pacific | $24.3M | 3% |
| Reimbursed Out Of Pocket Engagement Expenses | $8.1M | 1% |
