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BXP, Inc.（BXP）与蓝威斯顿（LW）财务数据对比。点击上方公司名可切换其他公司
蓝威斯顿的季度营收约是BXP, Inc.的1.8倍（$1.6B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 3.5%，领先11.8%），蓝威斯顿同比增速更快（2.9% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -1.5%）
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。
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
BXP vs LW — 直观对比
营收规模更大
LW
是对方的1.8倍
$872.1M
营收增速更快
LW
高出2.1%
0.8%
净利率更高
BXP
高出11.8%
3.5%
两年增速更快
BXP
近两年复合增速
-1.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.6B |
| 净利润 | $133.0M | $54.0M |
| 毛利率 | — | 21.2% |
| 营业利润率 | — | 8.1% |
| 净利率 | 15.3% | 3.5% |
| 营收同比 | 0.8% | 2.9% |
| 净利润同比 | 53.0% | -63.0% |
| 每股收益（稀释后） | $1.69 | $0.39 |
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BXPLW
| Q1 26 | $872.1M | $1.6B | ||
| Q4 25 | $877.1M | $1.6B | ||
| Q3 25 | $871.5M | $1.7B | ||
| Q2 25 | $868.5M | $1.7B | ||
| Q1 25 | $865.2M | $1.5B | ||
| Q4 24 | $858.6M | $1.6B | ||
| Q3 24 | $859.2M | $1.7B | ||
| Q2 24 | $850.5M | $1.6B |
净利润BXPLW
| Q1 26 | $133.0M | $54.0M | ||
| Q4 25 | $248.4M | $62.1M | ||
| Q3 25 | $-121.7M | $64.3M | ||
| Q2 25 | $89.0M | $119.9M | ||
| Q1 25 | $61.2M | $146.0M | ||
| Q4 24 | $-228.9M | $-36.1M | ||
| Q3 24 | $83.6M | $127.4M | ||
| Q2 24 | $79.6M | $129.6M |
毛利率BXPLW
| Q1 26 | — | 21.2% | ||
| Q4 25 | 58.8% | 20.0% | ||
| Q3 25 | 59.3% | 20.6% | ||
| Q2 25 | 59.2% | 20.4% | ||
| Q1 25 | 59.2% | 27.8% | ||
| Q4 24 | 59.7% | 17.4% | ||
| Q3 24 | 59.5% | 21.5% | ||
| Q2 24 | 59.8% | 24.1% |
营业利润率BXPLW
| Q1 26 | — | 8.1% | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 12.8% | ||
| Q2 24 | — | 13.2% |
净利率BXPLW
| Q1 26 | 15.3% | 3.5% | ||
| Q4 25 | 28.3% | 3.8% | ||
| Q3 25 | -14.0% | 3.9% | ||
| Q2 25 | 10.2% | 7.2% | ||
| Q1 25 | 7.1% | 9.6% | ||
| Q4 24 | -26.7% | -2.3% | ||
| Q3 24 | 9.7% | 7.7% | ||
| Q2 24 | 9.4% | 8.0% |
每股收益（稀释后）BXPLW
| Q1 26 | $1.69 | $0.39 | ||
| Q4 25 | $1.56 | $0.44 | ||
| Q3 25 | $-0.77 | $0.46 | ||
| Q2 25 | $0.56 | $0.84 | ||
| Q1 25 | $0.39 | $1.03 | ||
| Q4 24 | $-1.46 | $-0.25 | ||
| Q3 24 | $0.53 | $0.88 | ||
| Q2 24 | $0.51 | $0.89 |
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 | $57.5M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $7.7B | $1.8B |
| 总资产 | $25.1B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资BXPLW
| Q1 26 | $512.8M | $57.5M | ||
| Q4 25 | $1.5B | $82.7M | ||
| Q3 25 | $861.1M | $98.6M | ||
| Q2 25 | $447.0M | $70.7M | ||
| Q1 25 | $398.1M | $67.5M | ||
| Q4 24 | $1.3B | $79.0M | ||
| Q3 24 | $1.4B | $120.8M | ||
| Q2 24 | $685.4M | $71.4M |
总债务BXPLW
| Q1 26 | — | $3.6B | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
股东权益BXPLW
| Q1 26 | $7.7B | $1.8B | ||
| Q4 25 | $5.1B | $1.8B | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $5.3B | $1.7B | ||
| Q1 25 | $5.3B | $1.6B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
总资产BXPLW
| Q1 26 | $25.1B | $7.4B | ||
| Q4 25 | $26.2B | $7.3B | ||
| Q3 25 | $26.0B | $7.2B | ||
| Q2 25 | $25.6B | $7.4B | ||
| Q1 25 | $25.4B | $7.4B | ||
| Q4 24 | $26.1B | $7.5B | ||
| Q3 24 | $26.4B | $7.5B | ||
| Q2 24 | $25.5B | $7.4B |
负债/权益比BXPLW
| Q1 26 | — | 1.99× | ||
| Q4 25 | — | 2.08× | ||
| Q3 25 | — | 2.05× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | 2.25× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.92× |
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 | — | $65.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-36.3M |
| 自由现金流率自由现金流/营收 | — | -2.3% |
| 资本支出强度资本支出/营收 | 1.5% | 6.5% |
| 现金转化率经营现金流/净利润 | — | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $569.2M |
8季度趋势，按日历期对齐
经营现金流BXPLW
| Q1 26 | — | $65.2M | ||
| Q4 25 | $407.8M | $178.4M | ||
| Q3 25 | $274.2M | $352.0M | ||
| Q2 25 | $353.1M | $868.3M | ||
| Q1 25 | $210.0M | $56.0M | ||
| Q4 24 | $383.7M | $99.1M | ||
| Q3 24 | $286.1M | $330.2M | ||
| Q2 24 | $367.1M | $798.2M |
自由现金流BXPLW
| Q1 26 | — | $-36.3M | ||
| Q4 25 | $362.7M | $101.0M | ||
| Q3 25 | $231.6M | $274.4M | ||
| Q2 25 | $281.5M | $230.1M | ||
| Q1 25 | $152.6M | $-19.8M | ||
| Q4 24 | $312.5M | $-49.6M | ||
| Q3 24 | $234.5M | $4.3M | ||
| Q2 24 | $332.4M | $-131.3M |
自由现金流率BXPLW
| Q1 26 | — | -2.3% | ||
| Q4 25 | 41.4% | 6.2% | ||
| Q3 25 | 26.6% | 16.5% | ||
| Q2 25 | 32.4% | 13.7% | ||
| Q1 25 | 17.6% | -1.3% | ||
| Q4 24 | 36.4% | -3.1% | ||
| Q3 24 | 27.3% | 0.3% | ||
| Q2 24 | 39.1% | -8.1% |
资本支出强度BXPLW
| Q1 26 | 1.5% | 6.5% | ||
| Q4 25 | 5.1% | 4.8% | ||
| Q3 25 | 4.9% | 4.7% | ||
| Q2 25 | 8.2% | 38.1% | ||
| Q1 25 | 6.6% | 5.0% | ||
| Q4 24 | 8.3% | 9.3% | ||
| Q3 24 | 6.0% | 19.7% | ||
| Q2 24 | 4.1% | 57.7% |
现金转化率BXPLW
| Q1 26 | — | 1.21× | ||
| Q4 25 | 1.64× | 2.87× | ||
| Q3 25 | — | 5.47× | ||
| Q2 25 | 3.97× | 7.24× | ||
| Q1 25 | 3.43× | 0.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 2.59× | ||
| Q2 24 | 4.61× | 6.16× |
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% |
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
