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BXP, Inc.（BXP）与KEMPER Corp（KMPR）财务数据对比。点击上方公司名可切换其他公司
KEMPER Corp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 -0.7%，领先16.0%），BXP, Inc.同比增速更快（0.8% vs -4.7%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.5%）
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。
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
BXP vs KMPR — 直观对比
营收规模更大
KMPR
是对方的1.3倍
$872.1M
营收增速更快
BXP
高出5.5%
-4.7%
净利率更高
BXP
高出16.0%
-0.7%
两年增速更快
BXP
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $-8.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 15.3% | -0.7% |
| 营收同比 | 0.8% | -4.7% |
| 净利润同比 | 53.0% | -108.2% |
| 每股收益（稀释后） | $1.69 | $-0.03 |
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BXPKMPR
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPKMPR
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-8.0M | ||
| Q3 25 | $-121.7M | $-21.0M | ||
| Q2 25 | $89.0M | $72.6M | ||
| Q1 25 | $61.2M | $99.7M | ||
| Q4 24 | $-228.9M | $97.4M | ||
| Q3 24 | $83.6M | $73.7M | ||
| Q2 24 | $79.6M | $75.4M |
毛利率BXPKMPR
| 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BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 10.1% |
净利率BXPKMPR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -0.7% | ||
| Q3 25 | -14.0% | -1.7% | ||
| Q2 25 | 10.2% | 5.9% | ||
| Q1 25 | 7.1% | 8.4% | ||
| Q4 24 | -26.7% | 8.2% | ||
| Q3 24 | 9.7% | 6.3% | ||
| Q2 24 | 9.4% | 6.7% |
每股收益（稀释后）BXPKMPR
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.03 | ||
| Q3 25 | $-0.77 | $-0.34 | ||
| Q2 25 | $0.56 | $1.12 | ||
| Q1 25 | $0.39 | $1.54 | ||
| Q4 24 | $-1.46 | $1.51 | ||
| Q3 24 | $0.53 | $1.14 | ||
| Q2 24 | $0.51 | $1.16 |
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 | — |
| 总债务越低越好 | — | $943.5M |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $12.5B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资BXPKMPR
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $371.2M | ||
| Q2 25 | $447.0M | $407.6M | ||
| Q1 25 | $398.1M | $545.3M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $696.9M | ||
| Q2 24 | $685.4M | $539.1M |
总债务BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | — | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B |
股东权益BXPKMPR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $5.3B | $370.0M | ||
| Q1 25 | $5.3B | $366.0M | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.8B | $2.8B | ||
| Q2 24 | $5.8B | $358.0M |
总资产BXPKMPR
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $12.5B | ||
| Q3 25 | $26.0B | $12.4B | ||
| Q2 25 | $25.6B | $12.6B | ||
| Q1 25 | $25.4B | $12.5B | ||
| Q4 24 | $26.1B | $12.6B | ||
| Q3 24 | $26.4B | $12.6B | ||
| Q2 24 | $25.5B | $12.6B |
负债/权益比BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× |
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 | — | $175.0M |
| 自由现金流经营现金流 - 资本支出 | — | $166.2M |
| 自由现金流率自由现金流/营收 | — | 14.7% |
| 资本支出强度资本支出/营收 | 1.5% | 0.8% |
| 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 | — | $553.9M |
8季度趋势，按日历期对齐
经营现金流BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $175.0M | ||
| Q3 25 | $274.2M | $139.9M | ||
| Q2 25 | $353.1M | $89.6M | ||
| Q1 25 | $210.0M | $180.0M | ||
| Q4 24 | $383.7M | $175.1M | ||
| Q3 24 | $286.1M | $141.9M | ||
| Q2 24 | $367.1M | $22.9M |
自由现金流BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $166.2M | ||
| Q3 25 | $231.6M | $133.4M | ||
| Q2 25 | $281.5M | $82.0M | ||
| Q1 25 | $152.6M | $172.3M | ||
| Q4 24 | $312.5M | $165.4M | ||
| Q3 24 | $234.5M | $131.4M | ||
| Q2 24 | $332.4M | $5.2M |
自由现金流率BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 14.7% | ||
| Q3 25 | 26.6% | 10.8% | ||
| Q2 25 | 32.4% | 6.7% | ||
| Q1 25 | 17.6% | 14.4% | ||
| Q4 24 | 36.4% | 13.9% | ||
| Q3 24 | 27.3% | 11.1% | ||
| Q2 24 | 39.1% | 0.5% |
资本支出强度BXPKMPR
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | 4.9% | 0.5% | ||
| Q2 25 | 8.2% | 0.6% | ||
| Q1 25 | 6.6% | 0.6% | ||
| Q4 24 | 8.3% | 0.8% | ||
| Q3 24 | 6.0% | 0.9% | ||
| Q2 24 | 4.1% | 1.6% |
现金转化率BXPKMPR
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 1.23× | ||
| Q1 25 | 3.43× | 1.81× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | 3.42× | 1.93× | ||
| Q2 24 | 4.61× | 0.30× |
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% |
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
