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BXP, Inc.（BXP）与LOUISIANA-PACIFIC CORP（LPX）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LOUISIANA-PACIFIC CORP的1.5倍（$872.1M vs $566.0M），BXP, Inc.净利率更高（15.3% vs -1.4%，领先16.7%），BXP, Inc.同比增速更快（0.8% vs -16.9%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -11.6%）
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。
路易斯安那-太平洋公司（简称LP）是美国知名建材制造商，成立于1973年，是美国定向结构刨花板（OSB）生产的开创者，总部现位于田纳西州纳什维尔。作为全球最大的OSB生产商，公司还生产工程木建材产品，通过建材分销商、经销商及家居零售中心向建筑商和业主供货。
BXP vs LPX — 直观对比
营收规模更大
BXP
是对方的1.5倍
$566.0M
营收增速更快
BXP
高出17.7%
-16.9%
净利率更高
BXP
高出16.7%
-1.4%
两年增速更快
BXP
近两年复合增速
-11.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $566.0M |
| 净利润 | $133.0M | $-8.0M |
| 毛利率 | — | 15.0% |
| 营业利润率 | — | -1.6% |
| 净利率 | 15.3% | -1.4% |
| 营收同比 | 0.8% | -16.9% |
| 净利润同比 | 53.0% | -112.9% |
| 每股收益（稀释后） | $1.69 | $-0.12 |
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BXPLPX
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $566.0M | ||
| Q3 25 | $871.5M | $663.0M | ||
| Q2 25 | $868.5M | $755.0M | ||
| Q1 25 | $865.2M | $724.0M | ||
| Q4 24 | $858.6M | $681.0M | ||
| Q3 24 | $859.2M | $722.0M | ||
| Q2 24 | $850.5M | $814.0M |
净利润BXPLPX
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-8.0M | ||
| Q3 25 | $-121.7M | $9.0M | ||
| Q2 25 | $89.0M | $54.0M | ||
| Q1 25 | $61.2M | $91.0M | ||
| Q4 24 | $-228.9M | $62.0M | ||
| Q3 24 | $83.6M | $90.0M | ||
| Q2 24 | $79.6M | $160.0M |
毛利率BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 15.0% | ||
| Q3 25 | 59.3% | 19.5% | ||
| Q2 25 | 59.2% | 23.6% | ||
| Q1 25 | 59.2% | 27.2% | ||
| Q4 24 | 59.7% | 23.8% | ||
| Q3 24 | 59.5% | 26.7% | ||
| Q2 24 | 59.8% | 32.3% |
营业利润率BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 23.8% |
净利率BXPLPX
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -1.4% | ||
| Q3 25 | -14.0% | 1.4% | ||
| Q2 25 | 10.2% | 7.2% | ||
| Q1 25 | 7.1% | 12.6% | ||
| Q4 24 | -26.7% | 9.1% | ||
| Q3 24 | 9.7% | 12.5% | ||
| Q2 24 | 9.4% | 19.7% |
每股收益（稀释后）BXPLPX
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.12 | ||
| Q3 25 | $-0.77 | $0.13 | ||
| Q2 25 | $0.56 | $0.77 | ||
| Q1 25 | $0.39 | $1.30 | ||
| Q4 24 | $-1.46 | $0.90 | ||
| Q3 24 | $0.53 | $1.28 | ||
| Q2 24 | $0.51 | $2.23 |
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 | $292.0M |
| 总债务越低越好 | — | $348.0M |
| 股东权益账面价值 | $7.7B | $1.7B |
| 总资产 | $25.1B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.20× |
8季度趋势，按日历期对齐
现金及短期投资BXPLPX
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $292.0M | ||
| Q3 25 | $861.1M | $316.0M | ||
| Q2 25 | $447.0M | $333.0M | ||
| Q1 25 | $398.1M | $256.0M | ||
| Q4 24 | $1.3B | $340.0M | ||
| Q3 24 | $1.4B | $346.0M | ||
| Q2 24 | $685.4M | $317.0M |
总债务BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | — | $348.0M | ||
| Q3 25 | — | $348.0M | ||
| Q2 25 | — | $348.0M | ||
| Q1 25 | — | $348.0M | ||
| Q4 24 | — | $348.0M | ||
| Q3 24 | — | $347.0M | ||
| Q2 24 | — | $347.0M |
股东权益BXPLPX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.7B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $5.3B | $1.7B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.4B | $1.7B | ||
| Q3 24 | $5.8B | $1.7B | ||
| Q2 24 | $5.8B | $1.7B |
总资产BXPLPX
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.6B | ||
| Q3 25 | $26.0B | $2.6B | ||
| Q2 25 | $25.6B | $2.7B | ||
| Q1 25 | $25.4B | $2.6B | ||
| Q4 24 | $26.1B | $2.6B | ||
| Q3 24 | $26.4B | $2.6B | ||
| Q2 24 | $25.5B | $2.5B |
负债/权益比BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.21× |
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 | — | $67.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.0M |
| 自由现金流率自由现金流/营收 | — | -1.4% |
| 资本支出强度资本支出/营收 | 1.5% | 13.3% |
| 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 | — | $91.0M |
8季度趋势，按日历期对齐
经营现金流BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $67.0M | ||
| Q3 25 | $274.2M | $89.0M | ||
| Q2 25 | $353.1M | $162.0M | ||
| Q1 25 | $210.0M | $64.0M | ||
| Q4 24 | $383.7M | $105.0M | ||
| Q3 24 | $286.1M | $183.0M | ||
| Q2 24 | $367.1M | $212.0M |
自由现金流BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-8.0M | ||
| Q3 25 | $231.6M | $5.0M | ||
| Q2 25 | $281.5M | $94.0M | ||
| Q1 25 | $152.6M | $0 | ||
| Q4 24 | $312.5M | $43.0M | ||
| Q3 24 | $234.5M | $139.0M | ||
| Q2 24 | $332.4M | $176.0M |
自由现金流率BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -1.4% | ||
| Q3 25 | 26.6% | 0.8% | ||
| Q2 25 | 32.4% | 12.5% | ||
| Q1 25 | 17.6% | 0.0% | ||
| Q4 24 | 36.4% | 6.3% | ||
| Q3 24 | 27.3% | 19.3% | ||
| Q2 24 | 39.1% | 21.6% |
资本支出强度BXPLPX
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 13.3% | ||
| Q3 25 | 4.9% | 12.7% | ||
| Q2 25 | 8.2% | 9.0% | ||
| Q1 25 | 6.6% | 8.8% | ||
| Q4 24 | 8.3% | 9.1% | ||
| Q3 24 | 6.0% | 6.1% | ||
| Q2 24 | 4.1% | 4.4% |
现金转化率BXPLPX
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 9.89× | ||
| Q2 25 | 3.97× | 3.00× | ||
| Q1 25 | 3.43× | 0.70× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | 3.42× | 2.03× | ||
| Q2 24 | 4.61× | 1.32× |
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% |
LPX
| OS Bvalueadd | $472.0M | 83% |
| Other | $84.0M | 15% |
| Otherproducts | $10.0M | 2% |
