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BXP, Inc.（BXP）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 13.6%，领先1.7%），BXP, Inc.同比增速更快（0.8% vs -11.2%），过去两年雷诺士国际的营收复合增速更高（6.8% 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。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
BXP vs LII — 直观对比
营收规模更大
LII
是对方的1.4倍
$872.1M
营收增速更快
BXP
高出12.0%
-11.2%
净利率更高
BXP
高出1.7%
13.6%
两年增速更快
LII
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $162.1M |
| 毛利率 | — | 34.7% |
| 营业利润率 | — | 18.6% |
| 净利率 | 15.3% | 13.6% |
| 营收同比 | 0.8% | -11.2% |
| 净利润同比 | 53.0% | -18.0% |
| 每股收益（稀释后） | $1.69 | $4.62 |
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BXPLII
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $1.3B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.5B |
净利润BXPLII
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $162.1M | ||
| Q3 25 | $-121.7M | $245.8M | ||
| Q2 25 | $89.0M | $277.6M | ||
| Q1 25 | $61.2M | $120.3M | ||
| Q4 24 | $-228.9M | $197.7M | ||
| Q3 24 | $83.6M | $239.0M | ||
| Q2 24 | $79.6M | $245.9M |
毛利率BXPLII
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 34.7% | ||
| Q3 25 | 59.3% | 32.8% | ||
| Q2 25 | 59.2% | 34.8% | ||
| Q1 25 | 59.2% | 30.6% | ||
| Q4 24 | 59.7% | 33.9% | ||
| Q3 24 | 59.5% | 32.6% | ||
| Q2 24 | 59.8% | 33.6% |
营业利润率BXPLII
| Q1 26 | — | — | ||
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 22.1% |
净利率BXPLII
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 13.6% | ||
| Q3 25 | -14.0% | 17.2% | ||
| Q2 25 | 10.2% | 18.5% | ||
| Q1 25 | 7.1% | 11.2% | ||
| Q4 24 | -26.7% | 14.7% | ||
| Q3 24 | 9.7% | 16.0% | ||
| Q2 24 | 9.4% | 16.9% |
每股收益（稀释后）BXPLII
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $4.62 | ||
| Q3 25 | $-0.77 | $6.98 | ||
| Q2 25 | $0.56 | $7.82 | ||
| Q1 25 | $0.39 | $3.37 | ||
| Q4 24 | $-1.46 | $5.52 | ||
| Q3 24 | $0.53 | $6.68 | ||
| Q2 24 | $0.51 | $6.87 |
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 | $34.7M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $7.7B | $1.2B |
| 总资产 | $25.1B | $4.1B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资BXPLII
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $34.7M | ||
| Q3 25 | $861.1M | $59.2M | ||
| Q2 25 | $447.0M | $55.1M | ||
| Q1 25 | $398.1M | $222.9M | ||
| Q4 24 | $1.3B | $422.3M | ||
| Q3 24 | $1.4B | $255.7M | ||
| Q2 24 | $685.4M | $57.8M |
总债务BXPLII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $838.2M | ||
| Q2 25 | — | $835.7M | ||
| Q1 25 | — | $834.2M | ||
| Q4 24 | — | $833.1M | ||
| Q3 24 | — | $827.6M | ||
| Q2 24 | — | $1.1B |
股东权益BXPLII
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $5.3B | $900.5M | ||
| Q1 25 | $5.3B | $852.5M | ||
| Q4 24 | $5.4B | $850.2M | ||
| Q3 24 | $5.8B | $754.0M | ||
| Q2 24 | $5.8B | $577.4M |
总资产BXPLII
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.1B | ||
| Q3 25 | $26.0B | $3.5B | ||
| Q2 25 | $25.6B | $3.7B | ||
| Q1 25 | $25.4B | $3.5B | ||
| Q4 24 | $26.1B | $3.5B | ||
| Q3 24 | $26.4B | $3.3B | ||
| Q2 24 | $25.5B | $3.2B |
负债/权益比BXPLII
| Q1 26 | — | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.95× |
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 | — | $405.9M |
| 自由现金流经营现金流 - 资本支出 | — | $376.7M |
| 自由现金流率自由现金流/营收 | — | 31.5% |
| 资本支出强度资本支出/营收 | 1.5% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 2.50× |
| 过去12个月自由现金流最近4个季度 | — | $638.8M |
8季度趋势，按日历期对齐
经营现金流BXPLII
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $405.9M | ||
| Q3 25 | $274.2M | $300.7M | ||
| Q2 25 | $353.1M | $86.8M | ||
| Q1 25 | $210.0M | $-35.8M | ||
| Q4 24 | $383.7M | $332.4M | ||
| Q3 24 | $286.1M | $452.1M | ||
| Q2 24 | $367.1M | $184.0M |
自由现金流BXPLII
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $376.7M | ||
| Q3 25 | $231.6M | $265.1M | ||
| Q2 25 | $281.5M | $58.3M | ||
| Q1 25 | $152.6M | $-61.3M | ||
| Q4 24 | $312.5M | $272.2M | ||
| Q3 24 | $234.5M | $410.9M | ||
| Q2 24 | $332.4M | $151.3M |
自由现金流率BXPLII
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 31.5% | ||
| Q3 25 | 26.6% | 18.6% | ||
| Q2 25 | 32.4% | 3.9% | ||
| Q1 25 | 17.6% | -5.7% | ||
| Q4 24 | 36.4% | 20.2% | ||
| Q3 24 | 27.3% | 27.4% | ||
| Q2 24 | 39.1% | 10.4% |
资本支出强度BXPLII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.4% | ||
| Q3 25 | 4.9% | 2.5% | ||
| Q2 25 | 8.2% | 1.9% | ||
| Q1 25 | 6.6% | 2.4% | ||
| Q4 24 | 8.3% | 4.5% | ||
| Q3 24 | 6.0% | 2.8% | ||
| Q2 24 | 4.1% | 2.3% |
现金转化率BXPLII
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.50× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | 3.97× | 0.31× | ||
| Q1 25 | 3.43× | -0.30× | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 3.42× | 1.89× | ||
| Q2 24 | 4.61× | 0.75× |
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% |
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
