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BXP, Inc.（BXP）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是BXP, Inc.的1.1倍（$938.6M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 2.7%，领先12.6%），BXP, Inc.同比增速更快（0.8% vs -11.2%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -7.5%）
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。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
BXP vs LEG — 直观对比
营收规模更大
LEG
是对方的1.1倍
$872.1M
营收增速更快
BXP
高出12.0%
-11.2%
净利率更高
BXP
高出12.6%
2.7%
两年增速更快
BXP
近两年复合增速
-7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $938.6M |
| 净利润 | $133.0M | $25.1M |
| 毛利率 | — | 17.9% |
| 营业利润率 | — | 2.0% |
| 净利率 | 15.3% | 2.7% |
| 营收同比 | 0.8% | -11.2% |
| 净利润同比 | 53.0% | 76.8% |
| 每股收益（稀释后） | $1.69 | $0.18 |
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BXPLEG
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $938.6M | ||
| Q3 25 | $871.5M | $1.0B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPLEG
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $25.1M | ||
| Q3 25 | $-121.7M | $127.1M | ||
| Q2 25 | $89.0M | $52.5M | ||
| Q1 25 | $61.2M | $30.6M | ||
| Q4 24 | $-228.9M | $14.2M | ||
| Q3 24 | $83.6M | $44.9M | ||
| Q2 24 | $79.6M | $-602.2M |
毛利率BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 17.9% | ||
| Q3 25 | 59.3% | 18.7% | ||
| Q2 25 | 59.2% | 18.2% | ||
| Q1 25 | 59.2% | 18.6% | ||
| Q4 24 | 59.7% | 16.6% | ||
| Q3 24 | 59.5% | 18.2% | ||
| Q2 24 | 59.8% | 16.5% |
营业利润率BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 6.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | -56.2% |
净利率BXPLEG
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.7% | ||
| Q3 25 | -14.0% | 12.3% | ||
| Q2 25 | 10.2% | 5.0% | ||
| Q1 25 | 7.1% | 3.0% | ||
| Q4 24 | -26.7% | 1.3% | ||
| Q3 24 | 9.7% | 4.1% | ||
| Q2 24 | 9.4% | -53.4% |
每股收益（稀释后）BXPLEG
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.18 | ||
| Q3 25 | $-0.77 | $0.91 | ||
| Q2 25 | $0.56 | $0.38 | ||
| Q1 25 | $0.39 | $0.22 | ||
| Q4 24 | $-1.46 | $0.10 | ||
| Q3 24 | $0.53 | $0.33 | ||
| Q2 24 | $0.51 | $-4.39 |
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 | $587.4M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $7.7B | $1.0B |
| 总资产 | $25.1B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资BXPLEG
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $587.4M | ||
| Q3 25 | $861.1M | $460.7M | ||
| Q2 25 | $447.0M | $368.8M | ||
| Q1 25 | $398.1M | $412.6M | ||
| Q4 24 | $1.3B | $350.2M | ||
| Q3 24 | $1.4B | $277.2M | ||
| Q2 24 | $685.4M | $307.0M |
总债务BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B |
股东权益BXPLEG
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.0B | ||
| Q3 25 | $5.0B | $971.8M | ||
| Q2 25 | $5.3B | $855.0M | ||
| Q1 25 | $5.3B | $746.8M | ||
| Q4 24 | $5.4B | $689.4M | ||
| Q3 24 | $5.8B | $741.0M | ||
| Q2 24 | $5.8B | $667.6M |
总资产BXPLEG
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.5B | ||
| Q3 25 | $26.0B | $3.5B | ||
| Q2 25 | $25.6B | $3.7B | ||
| Q1 25 | $25.4B | $3.7B | ||
| Q4 24 | $26.1B | $3.7B | ||
| Q3 24 | $26.4B | $3.8B | ||
| Q2 24 | $25.5B | $3.8B |
负债/权益比BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 2.59× | ||
| Q4 24 | — | 2.70× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.55× |
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 | — | $121.5M |
| 自由现金流经营现金流 - 资本支出 | — | $101.9M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | 1.5% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.84× |
| 过去12个月自由现金流最近4个季度 | — | $281.0M |
8季度趋势，按日历期对齐
经营现金流BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $121.5M | ||
| Q3 25 | $274.2M | $125.9M | ||
| Q2 25 | $353.1M | $84.0M | ||
| Q1 25 | $210.0M | $6.8M | ||
| Q4 24 | $383.7M | $122.3M | ||
| Q3 24 | $286.1M | $95.5M | ||
| Q2 24 | $367.1M | $94.0M |
自由现金流BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $101.9M | ||
| Q3 25 | $231.6M | $110.1M | ||
| Q2 25 | $281.5M | $75.5M | ||
| Q1 25 | $152.6M | $-6.5M | ||
| Q4 24 | $312.5M | $100.5M | ||
| Q3 24 | $234.5M | $77.1M | ||
| Q2 24 | $332.4M | $78.5M |
自由现金流率BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 10.9% | ||
| Q3 25 | 26.6% | 10.6% | ||
| Q2 25 | 32.4% | 7.1% | ||
| Q1 25 | 17.6% | -0.6% | ||
| Q4 24 | 36.4% | 9.5% | ||
| Q3 24 | 27.3% | 7.0% | ||
| Q2 24 | 39.1% | 7.0% |
资本支出强度BXPLEG
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.1% | ||
| Q3 25 | 4.9% | 1.5% | ||
| Q2 25 | 8.2% | 0.8% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.3% | 2.1% | ||
| Q3 24 | 6.0% | 1.7% | ||
| Q2 24 | 4.1% | 1.4% |
现金转化率BXPLEG
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 4.84× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | 3.97× | 1.60× | ||
| Q1 25 | 3.43× | 0.22× | ||
| Q4 24 | — | 8.61× | ||
| Q3 24 | 3.42× | 2.13× | ||
| 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% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
