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BXP, Inc.（BXP）与LCI INDUSTRIES（LCII）财务数据对比。点击上方公司名可切换其他公司
LCI INDUSTRIES的季度营收约是BXP, Inc.的1.1倍（$932.7M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 2.0%，领先13.2%），LCI INDUSTRIES同比增速更快（16.1% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -1.8%）
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。
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
BXP vs LCII — 直观对比
营收规模更大
LCII
是对方的1.1倍
$872.1M
营收增速更快
LCII
高出15.3%
0.8%
净利率更高
BXP
高出13.2%
2.0%
两年增速更快
BXP
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $932.7M |
| 净利润 | $133.0M | $18.7M |
| 毛利率 | — | 22.1% |
| 营业利润率 | — | 3.8% |
| 净利率 | 15.3% | 2.0% |
| 营收同比 | 0.8% | 16.1% |
| 净利润同比 | 53.0% | 95.7% |
| 每股收益（稀释后） | $1.69 | $0.79 |
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BXPLCII
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $932.7M | ||
| Q3 25 | $871.5M | $1.0B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $803.1M | ||
| Q3 24 | $859.2M | $915.5M | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPLCII
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $18.7M | ||
| Q3 25 | $-121.7M | $62.5M | ||
| Q2 25 | $89.0M | $57.6M | ||
| Q1 25 | $61.2M | $49.4M | ||
| Q4 24 | $-228.9M | $9.5M | ||
| Q3 24 | $83.6M | $35.6M | ||
| Q2 24 | $79.6M | $61.2M |
毛利率BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 22.1% | ||
| Q3 25 | 59.3% | 24.4% | ||
| Q2 25 | 59.2% | 24.4% | ||
| Q1 25 | 59.2% | 24.1% | ||
| Q4 24 | 59.7% | 21.1% | ||
| Q3 24 | 59.5% | 24.0% | ||
| Q2 24 | 59.8% | 25.3% |
营业利润率BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 7.3% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 8.6% |
净利率BXPLCII
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.0% | ||
| Q3 25 | -14.0% | 6.0% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 7.1% | 4.7% | ||
| Q4 24 | -26.7% | 1.2% | ||
| Q3 24 | 9.7% | 3.9% | ||
| Q2 24 | 9.4% | 5.8% |
每股收益（稀释后）BXPLCII
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.79 | ||
| Q3 25 | $-0.77 | $2.55 | ||
| Q2 25 | $0.56 | $2.29 | ||
| Q1 25 | $0.39 | $1.94 | ||
| Q4 24 | $-1.46 | $0.37 | ||
| Q3 24 | $0.53 | $1.39 | ||
| Q2 24 | $0.51 | $2.40 |
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 | $222.6M |
| 总债务越低越好 | — | $945.2M |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资BXPLCII
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $222.6M | ||
| Q3 25 | $861.1M | $199.7M | ||
| Q2 25 | $447.0M | $191.9M | ||
| Q1 25 | $398.1M | $231.2M | ||
| Q4 24 | $1.3B | $165.8M | ||
| Q3 24 | $1.4B | $161.2M | ||
| Q2 24 | $685.4M | $130.4M |
总债务BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M |
股东权益BXPLCII
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | $1.4B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPLCII
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.2B | ||
| Q3 25 | $26.0B | $3.2B | ||
| Q2 25 | $25.6B | $3.2B | ||
| Q1 25 | $25.4B | $3.1B | ||
| Q4 24 | $26.1B | $2.9B | ||
| Q3 24 | $26.4B | $3.0B | ||
| Q2 24 | $25.5B | $3.0B |
负债/权益比BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× |
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 | — | $78.9M |
| 自由现金流经营现金流 - 资本支出 | — | $64.3M |
| 自由现金流率自由现金流/营收 | — | 6.9% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.22× |
| 过去12个月自由现金流最近4个季度 | — | $278.3M |
8季度趋势，按日历期对齐
经营现金流BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $78.9M | ||
| Q3 25 | $274.2M | $97.2M | ||
| Q2 25 | $353.1M | $112.2M | ||
| Q1 25 | $210.0M | $42.7M | ||
| Q4 24 | $383.7M | $106.6M | ||
| Q3 24 | $286.1M | $78.4M | ||
| Q2 24 | $367.1M | $192.9M |
自由现金流BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $64.3M | ||
| Q3 25 | $231.6M | $80.9M | ||
| Q2 25 | $281.5M | $99.5M | ||
| Q1 25 | $152.6M | $33.7M | ||
| Q4 24 | $312.5M | $95.7M | ||
| Q3 24 | $234.5M | $68.3M | ||
| Q2 24 | $332.4M | $180.2M |
自由现金流率BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 6.9% | ||
| Q3 25 | 26.6% | 7.8% | ||
| Q2 25 | 32.4% | 9.0% | ||
| Q1 25 | 17.6% | 3.2% | ||
| Q4 24 | 36.4% | 11.9% | ||
| Q3 24 | 27.3% | 7.5% | ||
| Q2 24 | 39.1% | 17.1% |
资本支出强度BXPLCII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.6% | ||
| Q3 25 | 4.9% | 1.6% | ||
| Q2 25 | 8.2% | 1.2% | ||
| Q1 25 | 6.6% | 0.9% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 1.1% | ||
| Q2 24 | 4.1% | 1.2% |
现金转化率BXPLCII
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 4.22× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 3.97× | 1.95× | ||
| Q1 25 | 3.43× | 0.86× | ||
| Q4 24 | — | 11.17× | ||
| Q3 24 | 3.42× | 2.20× | ||
| Q2 24 | 4.61× | 3.15× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
