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BXP, Inc.（BXP）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是美泰的1.0倍（$872.1M vs $862.2M），BXP, Inc.净利率更高（15.3% vs 7.1%，领先8.2%），美泰同比增速更快（4.3% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
BXP vs MAT — 直观对比
营收规模更大
BXP
是对方的1.0倍
$862.2M
营收增速更快
MAT
高出3.5%
0.8%
净利率更高
BXP
高出8.2%
7.1%
两年增速更快
BXP
近两年复合增速
-10.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $862.2M |
| 净利润 | $133.0M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | — | — |
| 净利率 | 15.3% | 7.1% |
| 营收同比 | 0.8% | 4.3% |
| 净利润同比 | 53.0% | 251.4% |
| 每股收益（稀释后） | $1.69 | $0.20 |
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BXPMAT
| Q1 26 | $872.1M | $862.2M | ||
| Q4 25 | $877.1M | $1.8B | ||
| Q3 25 | $871.5M | $1.7B | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $826.6M | ||
| Q4 24 | $858.6M | $1.6B | ||
| Q3 24 | $859.2M | $1.8B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPMAT
| Q1 26 | $133.0M | $61.0M | ||
| Q4 25 | $248.4M | $106.2M | ||
| Q3 25 | $-121.7M | $278.4M | ||
| Q2 25 | $89.0M | $53.4M | ||
| Q1 25 | $61.2M | $-40.3M | ||
| Q4 24 | $-228.9M | $140.9M | ||
| Q3 24 | $83.6M | $372.4M | ||
| Q2 24 | $79.6M | $56.9M |
毛利率BXPMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 58.8% | 45.9% | ||
| Q3 25 | 59.3% | 50.0% | ||
| Q2 25 | 59.2% | 50.9% | ||
| Q1 25 | 59.2% | 49.4% | ||
| Q4 24 | 59.7% | 50.7% | ||
| Q3 24 | 59.5% | 53.1% | ||
| Q2 24 | 59.8% | 49.2% |
营业利润率BXPMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 7.7% |
净利率BXPMAT
| Q1 26 | 15.3% | 7.1% | ||
| Q4 25 | 28.3% | 6.0% | ||
| Q3 25 | -14.0% | 16.0% | ||
| Q2 25 | 10.2% | 5.2% | ||
| Q1 25 | 7.1% | -4.9% | ||
| Q4 24 | -26.7% | 8.6% | ||
| Q3 24 | 9.7% | 20.2% | ||
| Q2 24 | 9.4% | 5.3% |
每股收益（稀释后）BXPMAT
| Q1 26 | $1.69 | $0.20 | ||
| Q4 25 | $1.56 | $0.32 | ||
| Q3 25 | $-0.77 | $0.88 | ||
| Q2 25 | $0.56 | $0.16 | ||
| Q1 25 | $0.39 | $-0.12 | ||
| Q4 24 | $-1.46 | $0.40 | ||
| Q3 24 | $0.53 | $1.09 | ||
| Q2 24 | $0.51 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $25.1B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BXPMAT
| Q1 26 | $512.8M | $866.0M | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $861.1M | $691.9M | ||
| Q2 25 | $447.0M | $870.5M | ||
| Q1 25 | $398.1M | $1.2B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.4B | $723.5M | ||
| Q2 24 | $685.4M | $722.4M |
总债务BXPMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益BXPMAT
| Q1 26 | $7.7B | $2.1B | ||
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.3B | $2.1B | ||
| Q4 24 | $5.4B | $2.3B | ||
| Q3 24 | $5.8B | $2.3B | ||
| Q2 24 | $5.8B | $2.0B |
总资产BXPMAT
| Q1 26 | $25.1B | $6.3B | ||
| Q4 25 | $26.2B | $6.6B | ||
| Q3 25 | $26.0B | $6.6B | ||
| Q2 25 | $25.6B | $6.2B | ||
| Q1 25 | $25.4B | $6.2B | ||
| Q4 24 | $26.1B | $6.5B | ||
| Q3 24 | $26.4B | $6.5B | ||
| Q2 24 | $25.5B | $5.9B |
负债/权益比BXPMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-88.1M |
| 自由现金流率自由现金流/营收 | — | -10.2% |
| 资本支出强度资本支出/营收 | 1.5% | 7.6% |
| 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BXPMAT
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $796.6M | ||
| Q3 25 | $274.2M | $72.0M | ||
| Q2 25 | $353.1M | $-300.1M | ||
| Q1 25 | $210.0M | $24.8M | ||
| Q4 24 | $383.7M | $862.1M | ||
| Q3 24 | $286.1M | $155.8M | ||
| Q2 24 | $367.1M | $-252.9M |
自由现金流BXPMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPMAT
| Q1 26 | 1.5% | 7.6% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 3.97× | -5.62× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | 3.42× | 0.42× | ||
| Q2 24 | 4.61× | -4.45× |
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% |
MAT
暂无分部数据
