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BXP, Inc.（BXP）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是BXP, Inc.的2.7倍（$2.4B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 15.0%，领先0.3%），BXP, Inc.同比增速更快（0.8% vs -3.6%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% 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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
BXP vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的2.7倍
$872.1M
营收增速更快
BXP
高出4.4%
-3.6%
净利率更高
BXP
高出0.3%
15.0%
两年增速更快
LBTYA
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $2.4B |
| 净利润 | $133.0M | $358.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 1.0% |
| 净利率 | 15.3% | 15.0% |
| 营收同比 | 0.8% | -3.6% |
| 净利润同比 | 53.0% | 127.1% |
| 每股收益（稀释后） | $1.69 | — |
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BXPLBTYA
| Q1 26 | $872.1M | $2.4B | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $-1.4B | ||
| Q3 24 | $859.2M | $1.9B | ||
| Q2 24 | $850.5M | $1.9B |
净利润BXPLBTYA
| Q1 26 | $133.0M | $358.2M | ||
| Q4 25 | $248.4M | $-2.9B | ||
| Q3 25 | $-121.7M | $-90.7M | ||
| Q2 25 | $89.0M | $-2.8B | ||
| Q1 25 | $61.2M | $-1.3B | ||
| Q4 24 | $-228.9M | $2.2B | ||
| Q3 24 | $83.6M | $-1.4B | ||
| Q2 24 | $79.6M | $268.1M |
毛利率BXPLBTYA
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 66.8% | ||
| Q3 25 | 59.3% | 67.5% | ||
| Q2 25 | 59.2% | 63.3% | ||
| Q1 25 | 59.2% | 65.6% | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | 69.4% | ||
| Q2 24 | 59.8% | 68.5% |
营业利润率BXPLBTYA
| Q1 26 | — | 1.0% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | -0.7% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 1.0% |
净利率BXPLBTYA
| Q1 26 | 15.3% | 15.0% | ||
| Q4 25 | 28.3% | -237.0% | ||
| Q3 25 | -14.0% | -7.5% | ||
| Q2 25 | 10.2% | -220.1% | ||
| Q1 25 | 7.1% | -114.2% | ||
| Q4 24 | -26.7% | -158.9% | ||
| Q3 24 | 9.7% | -74.1% | ||
| Q2 24 | 9.4% | 14.3% |
每股收益（稀释后）BXPLBTYA
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-8.66 | ||
| Q3 25 | $-0.77 | $-0.27 | ||
| Q2 25 | $0.56 | $-8.09 | ||
| Q1 25 | $0.39 | $-3.84 | ||
| Q4 24 | $-1.46 | $6.15 | ||
| Q3 24 | $0.53 | $-3.95 | ||
| Q2 24 | $0.51 | $0.71 |
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 | $-387.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | — |
| 总资产 | $25.1B | — |
| 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BXPLBTYA
| Q1 26 | $512.8M | $-387.3M | ||
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $861.1M | $1.7B | ||
| Q2 25 | $447.0M | $3.1B | ||
| Q1 25 | $398.1M | $2.0B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $685.4M | $3.2B |
总债务BXPLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | $7.8B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.8B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | $14.9B | ||
| Q2 24 | — | $14.7B |
股东权益BXPLBTYA
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $9.7B | ||
| Q3 25 | $5.0B | $12.7B | ||
| Q2 25 | $5.3B | $13.0B | ||
| Q1 25 | $5.3B | $12.6B | ||
| Q4 24 | $5.4B | $12.4B | ||
| Q3 24 | $5.8B | $18.7B | ||
| Q2 24 | $5.8B | $18.3B |
总资产BXPLBTYA
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $22.6B | ||
| Q3 25 | $26.0B | $25.4B | ||
| Q2 25 | $25.6B | $27.2B | ||
| Q1 25 | $25.4B | $26.0B | ||
| Q4 24 | $26.1B | $25.4B | ||
| Q3 24 | $26.4B | $41.8B | ||
| Q2 24 | $25.5B | $40.8B |
负债/权益比BXPLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.80× | ||
| Q2 24 | — | 0.80× |
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 | — | $107.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.5% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPLBTYA
| Q1 26 | — | $107.6M | ||
| Q4 25 | $407.8M | $630.9M | ||
| Q3 25 | $274.2M | $301.8M | ||
| Q2 25 | $353.1M | $149.2M | ||
| Q1 25 | $210.0M | $129.2M | ||
| Q4 24 | $383.7M | $791.6M | ||
| Q3 24 | $286.1M | $449.5M | ||
| Q2 24 | $367.1M | $546.1M |
自由现金流BXPLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $193.3M | ||
| Q3 25 | $231.6M | $-41.1M | ||
| Q2 25 | $281.5M | $-170.1M | ||
| Q1 25 | $152.6M | $-114.1M | ||
| Q4 24 | $312.5M | $712.9M | ||
| Q3 24 | $234.5M | $102.4M | ||
| Q2 24 | $332.4M | $256.8M |
自由现金流率BXPLBTYA
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 15.7% | ||
| Q3 25 | 26.6% | -3.4% | ||
| Q2 25 | 32.4% | -13.4% | ||
| Q1 25 | 17.6% | -9.7% | ||
| Q4 24 | 36.4% | -50.5% | ||
| Q3 24 | 27.3% | 5.3% | ||
| Q2 24 | 39.1% | 13.7% |
资本支出强度BXPLBTYA
| Q1 26 | 1.5% | 1.5% | ||
| Q4 25 | 5.1% | 35.5% | ||
| Q3 25 | 4.9% | 28.4% | ||
| Q2 25 | 8.2% | 25.2% | ||
| Q1 25 | 6.6% | 20.8% | ||
| Q4 24 | 8.3% | -5.6% | ||
| Q3 24 | 6.0% | 17.9% | ||
| Q2 24 | 4.1% | 15.4% |
现金转化率BXPLBTYA
| Q1 26 | — | 0.30× | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 2.04× |
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% |
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
