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BXP, Inc.（BXP）与力特（LFUS）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是力特的1.5倍（$872.1M vs $593.9M），BXP, Inc.净利率更高（15.3% vs -40.8%，领先56.0%），力特同比增速更快（12.2% vs 0.8%），过去两年力特的营收复合增速更高（5.3% 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。
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
BXP vs LFUS — 直观对比
营收规模更大
BXP
是对方的1.5倍
$593.9M
营收增速更快
LFUS
高出11.4%
0.8%
净利率更高
BXP
高出56.0%
-40.8%
两年增速更快
LFUS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $593.9M |
| 净利润 | $133.0M | $-242.1M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -37.5% |
| 净利率 | 15.3% | -40.8% |
| 营收同比 | 0.8% | 12.2% |
| 净利润同比 | 53.0% | -367.6% |
| 每股收益（稀释后） | $1.69 | $-9.71 |
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BXPLFUS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $593.9M | ||
| Q3 25 | $871.5M | $624.6M | ||
| Q2 25 | $868.5M | $613.4M | ||
| Q1 25 | $865.2M | $554.3M | ||
| Q4 24 | $858.6M | $529.5M | ||
| Q3 24 | $859.2M | $567.4M | ||
| Q2 24 | $850.5M | $558.5M |
净利润BXPLFUS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-242.1M | ||
| Q3 25 | $-121.7M | $69.5M | ||
| Q2 25 | $89.0M | $57.3M | ||
| Q1 25 | $61.2M | $43.6M | ||
| Q4 24 | $-228.9M | $-51.8M | ||
| Q3 24 | $83.6M | $58.1M | ||
| Q2 24 | $79.6M | $45.5M |
毛利率BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 38.0% | ||
| Q3 25 | 59.3% | 38.6% | ||
| Q2 25 | 59.2% | 37.8% | ||
| Q1 25 | 59.2% | 37.4% | ||
| Q4 24 | 59.7% | 33.4% | ||
| Q3 24 | 59.5% | 38.1% | ||
| Q2 24 | 59.8% | 37.1% |
营业利润率BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | — | -37.5% | ||
| Q3 25 | — | 15.6% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 12.7% | ||
| Q4 24 | — | -9.3% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 11.7% |
净利率BXPLFUS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -40.8% | ||
| Q3 25 | -14.0% | 11.1% | ||
| Q2 25 | 10.2% | 9.3% | ||
| Q1 25 | 7.1% | 7.9% | ||
| Q4 24 | -26.7% | -9.8% | ||
| Q3 24 | 9.7% | 10.2% | ||
| Q2 24 | 9.4% | 8.1% |
每股收益（稀释后）BXPLFUS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-9.71 | ||
| Q3 25 | $-0.77 | $2.77 | ||
| Q2 25 | $0.56 | $2.30 | ||
| Q1 25 | $0.39 | $1.75 | ||
| Q4 24 | $-1.46 | $-2.07 | ||
| Q3 24 | $0.53 | $2.32 | ||
| Q2 24 | $0.51 | $1.82 |
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 | $563.7M |
| 总债务越低越好 | — | $802.6M |
| 股东权益账面价值 | $7.7B | $2.4B |
| 总资产 | $25.1B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资BXPLFUS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $563.7M | ||
| Q3 25 | $861.1M | $815.0M | ||
| Q2 25 | $447.0M | $685.5M | ||
| Q1 25 | $398.1M | $619.7M | ||
| Q4 24 | $1.3B | $725.9M | ||
| Q3 24 | $1.4B | $630.7M | ||
| Q2 24 | $685.4M | $562.7M |
总债务BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | — | $802.6M | ||
| Q3 25 | — | $805.8M | ||
| Q2 25 | — | $810.2M | ||
| Q1 25 | — | $805.7M | ||
| Q4 24 | — | $856.1M | ||
| Q3 24 | — | $867.7M | ||
| Q2 24 | — | $863.5M |
股东权益BXPLFUS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $5.3B | $2.6B | ||
| Q1 25 | $5.3B | $2.5B | ||
| Q4 24 | $5.4B | $2.4B | ||
| Q3 24 | $5.8B | $2.6B | ||
| Q2 24 | $5.8B | $2.5B |
总资产BXPLFUS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.0B | ||
| Q3 25 | $26.0B | $4.2B | ||
| Q2 25 | $25.6B | $4.1B | ||
| Q1 25 | $25.4B | $3.9B | ||
| Q4 24 | $26.1B | $3.9B | ||
| Q3 24 | $26.4B | $4.1B | ||
| Q2 24 | $25.5B | $3.9B |
负债/权益比BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× |
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 | — | $138.7M |
| 自由现金流经营现金流 - 资本支出 | — | $119.7M |
| 自由现金流率自由现金流/营收 | — | 20.2% |
| 资本支出强度资本支出/营收 | 1.5% | 3.2% |
| 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 | — | $366.1M |
8季度趋势，按日历期对齐
经营现金流BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $138.7M | ||
| Q3 25 | $274.2M | $146.9M | ||
| Q2 25 | $353.1M | $82.5M | ||
| Q1 25 | $210.0M | $65.8M | ||
| Q4 24 | $383.7M | $160.6M | ||
| Q3 24 | $286.1M | $80.4M | ||
| Q2 24 | $367.1M | $69.4M |
自由现金流BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $119.7M | ||
| Q3 25 | $231.6M | $131.2M | ||
| Q2 25 | $281.5M | $72.6M | ||
| Q1 25 | $152.6M | $42.7M | ||
| Q4 24 | $312.5M | $134.8M | ||
| Q3 24 | $234.5M | $65.0M | ||
| Q2 24 | $332.4M | $50.3M |
自由现金流率BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 20.2% | ||
| Q3 25 | 26.6% | 21.0% | ||
| Q2 25 | 32.4% | 11.8% | ||
| Q1 25 | 17.6% | 7.7% | ||
| Q4 24 | 36.4% | 25.5% | ||
| Q3 24 | 27.3% | 11.5% | ||
| Q2 24 | 39.1% | 9.0% |
资本支出强度BXPLFUS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.2% | ||
| Q3 25 | 4.9% | 2.5% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 6.6% | 4.2% | ||
| Q4 24 | 8.3% | 4.9% | ||
| Q3 24 | 6.0% | 2.7% | ||
| Q2 24 | 4.1% | 3.4% |
现金转化率BXPLFUS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 3.97× | 1.44× | ||
| Q1 25 | 3.43× | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.39× | ||
| Q2 24 | 4.61× | 1.53× |
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% |
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
