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BXP, Inc.（BXP）与Alliant Energy（LNT）财务数据对比。点击上方公司名可切换其他公司
Alliant Energy的季度营收约是BXP, Inc.的1.2倍（$1.1B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 13.4%，领先1.9%），Alliant Energy同比增速更快（9.0% vs 0.8%），过去两年Alliant Energy的营收复合增速更高（1.5% 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。
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
BXP vs LNT — 直观对比
营收规模更大
LNT
是对方的1.2倍
$872.1M
营收增速更快
LNT
高出8.2%
0.8%
净利率更高
BXP
高出1.9%
13.4%
两年增速更快
LNT
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $142.0M |
| 毛利率 | — | 85.9% |
| 营业利润率 | — | 18.4% |
| 净利率 | 15.3% | 13.4% |
| 营收同比 | 0.8% | 9.0% |
| 净利润同比 | 53.0% | -5.3% |
| 每股收益（稀释后） | $1.69 | $0.54 |
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BXPLNT
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $961.0M | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $975.0M | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $894.0M |
净利润BXPLNT
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $142.0M | ||
| Q3 25 | $-121.7M | $281.0M | ||
| Q2 25 | $89.0M | $174.0M | ||
| Q1 25 | $61.2M | $213.0M | ||
| Q4 24 | $-228.9M | $150.0M | ||
| Q3 24 | $83.6M | $295.0M | ||
| Q2 24 | $79.6M | $87.0M |
毛利率BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 85.9% | ||
| Q3 25 | 59.3% | 86.3% | ||
| Q2 25 | 59.2% | 84.3% | ||
| Q1 25 | 59.2% | 86.0% | ||
| Q4 24 | 59.7% | 84.7% | ||
| Q3 24 | 59.5% | 84.7% | ||
| Q2 24 | 59.8% | 83.6% |
营业利润率BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | — | 29.0% | ||
| Q2 24 | — | 14.5% |
净利率BXPLNT
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 13.4% | ||
| Q3 25 | -14.0% | 23.2% | ||
| Q2 25 | 10.2% | 18.1% | ||
| Q1 25 | 7.1% | 18.9% | ||
| Q4 24 | -26.7% | 15.4% | ||
| Q3 24 | 9.7% | 27.3% | ||
| Q2 24 | 9.4% | 9.7% |
每股收益（稀释后）BXPLNT
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.54 | ||
| Q3 25 | $-0.77 | $1.09 | ||
| Q2 25 | $0.56 | $0.68 | ||
| Q1 25 | $0.39 | $0.83 | ||
| Q4 24 | $-1.46 | $0.58 | ||
| Q3 24 | $0.53 | $1.15 | ||
| Q2 24 | $0.51 | $0.34 |
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 | $556.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $7.3B |
| 总资产 | $25.1B | $25.0B |
| 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BXPLNT
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $556.0M | ||
| Q3 25 | $861.1M | $753.0M | ||
| Q2 25 | $447.0M | $329.0M | ||
| Q1 25 | $398.1M | $25.0M | ||
| Q4 24 | $1.3B | $81.0M | ||
| Q3 24 | $1.4B | $827.0M | ||
| Q2 24 | $685.4M | $92.0M |
股东权益BXPLNT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $7.3B | ||
| Q3 25 | $5.0B | $7.3B | ||
| Q2 25 | $5.3B | $7.1B | ||
| Q1 25 | $5.3B | $7.1B | ||
| Q4 24 | $5.4B | $7.0B | ||
| Q3 24 | $5.8B | $7.0B | ||
| Q2 24 | $5.8B | $6.8B |
总资产BXPLNT
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $25.0B | ||
| Q3 25 | $26.0B | $24.6B | ||
| Q2 25 | $25.6B | $23.8B | ||
| Q1 25 | $25.4B | $22.9B | ||
| Q4 24 | $26.1B | $22.7B | ||
| Q3 24 | $26.4B | $22.8B | ||
| Q2 24 | $25.5B | $21.8B |
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 | — | $269.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 1.89× |
| 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BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $269.0M | ||
| Q3 25 | $274.2M | $408.0M | ||
| Q2 25 | $353.1M | $243.0M | ||
| Q1 25 | $210.0M | $249.0M | ||
| Q4 24 | $383.7M | $254.0M | ||
| Q3 24 | $286.1M | $351.0M | ||
| Q2 24 | $367.1M | $255.0M |
自由现金流BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $-103.0M | ||
| Q2 25 | $281.5M | $-179.0M | ||
| Q1 25 | $152.6M | $-305.0M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $-59.0M | ||
| Q2 24 | $332.4M | $-137.0M |
自由现金流率BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | -8.5% | ||
| Q2 25 | 32.4% | -18.6% | ||
| Q1 25 | 17.6% | -27.0% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | -5.5% | ||
| Q2 24 | 39.1% | -15.3% |
资本支出强度BXPLNT
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 42.2% | ||
| Q2 25 | 8.2% | 43.9% | ||
| Q1 25 | 6.6% | 49.1% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 37.9% | ||
| Q2 24 | 4.1% | 43.8% |
现金转化率BXPLNT
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.89× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 3.97× | 1.40× | ||
| Q1 25 | 3.43× | 1.17× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | 3.42× | 1.19× | ||
| Q2 24 | 4.61× | 2.93× |
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% |
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
