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BXP, Inc.（BXP）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是BXP, Inc.的1.6倍（$1.4B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -7.3%，领先22.5%），诺唯真游轮控股同比增速更快（3.1% vs 0.8%）
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。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
BXP vs LINE — 直观对比
营收规模更大
LINE
是对方的1.6倍
$872.1M
营收增速更快
LINE
高出2.3%
0.8%
净利率更高
BXP
高出22.5%
-7.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.4B |
| 净利润 | $133.0M | $-100.0M |
| 毛利率 | — | 32.3% |
| 营业利润率 | — | 2.5% |
| 净利率 | 15.3% | -7.3% |
| 营收同比 | 0.8% | 3.1% |
| 净利润同比 | 53.0% | 79.4% |
| 每股收益（稀释后） | $1.69 | $-0.44 |
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BXPLINE
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.4B | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $1.3B | ||
| Q3 24 | $859.2M | $1.3B | ||
| Q2 24 | $850.5M | $1.3B |
净利润BXPLINE
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $-100.0M | ||
| Q2 25 | $89.0M | $-6.0M | ||
| Q1 25 | $61.2M | $0 | ||
| Q4 24 | $-228.9M | $-71.0M | ||
| Q3 24 | $83.6M | $-485.0M | ||
| Q2 24 | $79.6M | $-68.0M |
毛利率BXPLINE
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 32.3% | ||
| Q2 25 | 59.2% | 31.9% | ||
| Q1 25 | 59.2% | 32.2% | ||
| Q4 24 | 59.7% | 32.3% | ||
| Q3 24 | 59.5% | 32.8% | ||
| Q2 24 | 59.8% | 33.4% |
营业利润率BXPLINE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | — | 5.5% |
净利率BXPLINE
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | -7.3% | ||
| Q2 25 | 10.2% | -0.4% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | -5.3% | ||
| Q3 24 | 9.7% | -36.3% | ||
| Q2 24 | 9.4% | -5.1% |
每股收益（稀释后）BXPLINE
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $-0.44 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.39 | $0.01 | ||
| Q4 24 | $-1.46 | $-0.52 | ||
| Q3 24 | $0.53 | $-2.44 | ||
| Q2 24 | $0.51 | $-0.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $8.4B |
| 总资产 | $25.1B | $19.2B |
| 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BXPLINE
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $173.0M | ||
| Q3 24 | $1.4B | $409.0M | ||
| Q2 24 | $685.4M | $73.0M |
股东权益BXPLINE
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $8.4B | ||
| Q2 25 | $5.3B | $8.6B | ||
| Q1 25 | $5.3B | $8.6B | ||
| Q4 24 | $5.4B | $8.6B | ||
| Q3 24 | $5.8B | $9.0B | ||
| Q2 24 | $5.8B | $4.9B |
总资产BXPLINE
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $19.2B | ||
| Q2 25 | $25.6B | $19.4B | ||
| Q1 25 | $25.4B | $18.8B | ||
| Q4 24 | $26.1B | $18.7B | ||
| Q3 24 | $26.4B | $19.3B | ||
| Q2 24 | $25.5B | $18.8B |
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 | — | $230.0M |
| 自由现金流经营现金流 - 资本支出 | — | $35.0M |
| 自由现金流率自由现金流/营收 | — | 2.5% |
| 资本支出强度资本支出/营收 | 1.5% | 14.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPLINE
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $230.0M | ||
| Q2 25 | $353.1M | $258.0M | ||
| Q1 25 | $210.0M | $139.0M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | $186.0M | ||
| Q2 24 | $367.1M | $155.0M |
自由现金流BXPLINE
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $35.0M | ||
| Q2 25 | $281.5M | $95.0M | ||
| Q1 25 | $152.6M | $-12.0M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $33.0M | ||
| Q2 24 | $332.4M | $-31.0M |
自由现金流率BXPLINE
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 2.5% | ||
| Q2 25 | 32.4% | 7.0% | ||
| Q1 25 | 17.6% | -0.9% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | 2.5% | ||
| Q2 24 | 39.1% | -2.3% |
资本支出强度BXPLINE
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 14.2% | ||
| Q2 25 | 8.2% | 12.1% | ||
| Q1 25 | 6.6% | 11.7% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 11.5% | ||
| Q2 24 | 4.1% | 13.9% |
现金转化率BXPLINE
| 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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
