vs
BXP, Inc.（BXP）与Lucid Group, Inc.（LCID）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Lucid Group, Inc.的1.7倍（$872.1M vs $522.7M），BXP, Inc.净利率更高（15.3% vs -155.7%，领先171.0%），Lucid Group, Inc.同比增速更快（122.9% vs 0.8%），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% 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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
BXP vs LCID — 直观对比
营收规模更大
BXP
是对方的1.7倍
$522.7M
营收增速更快
LCID
高出122.1%
0.8%
净利率更高
BXP
高出171.0%
-155.7%
两年增速更快
LCID
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $522.7M |
| 净利润 | $133.0M | $-814.0M |
| 毛利率 | — | -80.7% |
| 营业利润率 | — | -203.7% |
| 净利率 | 15.3% | -155.7% |
| 营收同比 | 0.8% | 122.9% |
| 净利润同比 | 53.0% | -104.9% |
| 每股收益（稀释后） | $1.69 | $-8.26 |
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BXPLCID
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $522.7M | ||
| Q3 25 | $871.5M | $336.6M | ||
| Q2 25 | $868.5M | $259.4M | ||
| Q1 25 | $865.2M | $235.0M | ||
| Q4 24 | $858.6M | $234.5M | ||
| Q3 24 | $859.2M | $200.0M | ||
| Q2 24 | $850.5M | $200.6M |
净利润BXPLCID
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-814.0M | ||
| Q3 25 | $-121.7M | $-978.4M | ||
| Q2 25 | $89.0M | $-539.4M | ||
| Q1 25 | $61.2M | $-366.2M | ||
| Q4 24 | $-228.9M | $-397.2M | ||
| Q3 24 | $83.6M | $-992.5M | ||
| Q2 24 | $79.6M | $-643.4M |
毛利率BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | -80.7% | ||
| Q3 25 | 59.3% | -99.1% | ||
| Q2 25 | 59.2% | -105.0% | ||
| Q1 25 | 59.2% | -97.2% | ||
| Q4 24 | 59.7% | -89.0% | ||
| Q3 24 | 59.5% | -106.2% | ||
| Q2 24 | 59.8% | -134.5% |
营业利润率BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | — | -203.7% | ||
| Q3 25 | — | -279.9% | ||
| Q2 25 | — | -309.5% | ||
| Q1 25 | — | -294.4% | ||
| Q4 24 | — | -312.6% | ||
| Q3 24 | — | -385.2% | ||
| Q2 24 | — | -392.6% |
净利率BXPLCID
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -155.7% | ||
| Q3 25 | -14.0% | -290.7% | ||
| Q2 25 | 10.2% | -207.9% | ||
| Q1 25 | 7.1% | -155.8% | ||
| Q4 24 | -26.7% | -169.4% | ||
| Q3 24 | 9.7% | -496.1% | ||
| Q2 24 | 9.4% | -320.8% |
每股收益（稀释后）BXPLCID
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-8.26 | ||
| Q3 25 | $-0.77 | $-3.31 | ||
| Q2 25 | $0.56 | $-0.28 | ||
| Q1 25 | $0.39 | $-0.24 | ||
| Q4 24 | $-1.46 | $-0.20 | ||
| Q3 24 | $0.53 | $-0.41 | ||
| Q2 24 | $0.51 | $-0.34 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $717.3M |
| 总资产 | $25.1B | $8.4B |
| 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BXPLCID
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $861.1M | $2.3B | ||
| Q2 25 | $447.0M | $2.8B | ||
| Q1 25 | $398.1M | $3.6B | ||
| Q4 24 | $1.3B | $4.0B | ||
| Q3 24 | $1.4B | $3.5B | ||
| Q2 24 | $685.4M | $3.2B |
股东权益BXPLCID
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $717.3M | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $5.3B | $2.4B | ||
| Q1 25 | $5.3B | $3.2B | ||
| Q4 24 | $5.4B | $3.9B | ||
| Q3 24 | $5.8B | $2.7B | ||
| Q2 24 | $5.8B | $3.5B |
总资产BXPLCID
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.4B | ||
| Q3 25 | $26.0B | $8.8B | ||
| Q2 25 | $25.6B | $8.9B | ||
| Q1 25 | $25.4B | $9.2B | ||
| Q4 24 | $26.1B | $9.6B | ||
| Q3 24 | $26.4B | $8.5B | ||
| Q2 24 | $25.5B | $8.2B |
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 | — | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.2B |
| 自由现金流率自由现金流/营收 | — | -237.6% |
| 资本支出强度资本支出/营收 | 1.5% | 62.3% |
| 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 | — | $-3.8B |
8季度趋势，按日历期对齐
经营现金流BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-916.4M | ||
| Q3 25 | $274.2M | $-756.6M | ||
| Q2 25 | $353.1M | $-830.2M | ||
| Q1 25 | $210.0M | $-428.6M | ||
| Q4 24 | $383.7M | $-533.1M | ||
| Q3 24 | $286.1M | $-462.8M | ||
| Q2 24 | $367.1M | $-507.0M |
自由现金流BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-1.2B | ||
| Q3 25 | $231.6M | $-955.5M | ||
| Q2 25 | $281.5M | $-1.0B | ||
| Q1 25 | $152.6M | $-589.9M | ||
| Q4 24 | $312.5M | $-824.8M | ||
| Q3 24 | $234.5M | $-622.5M | ||
| Q2 24 | $332.4M | $-741.3M |
自由现金流率BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -237.6% | ||
| Q3 25 | 26.6% | -283.9% | ||
| Q2 25 | 32.4% | -390.4% | ||
| Q1 25 | 17.6% | -251.0% | ||
| Q4 24 | 36.4% | -351.8% | ||
| Q3 24 | 27.3% | -311.2% | ||
| Q2 24 | 39.1% | -369.6% |
资本支出强度BXPLCID
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 62.3% | ||
| Q3 25 | 4.9% | 59.1% | ||
| Q2 25 | 8.2% | 70.4% | ||
| Q1 25 | 6.6% | 68.6% | ||
| Q4 24 | 8.3% | 124.4% | ||
| Q3 24 | 6.0% | 79.8% | ||
| Q2 24 | 4.1% | 116.8% |
现金转化率BXPLCID
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — |
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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
