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BXP, Inc.（BXP）与MUELLER INDUSTRIES INC（MLI）财务数据对比。点击上方公司名可切换其他公司
MUELLER INDUSTRIES INC的季度营收约是BXP, Inc.的1.1倍（$962.4M vs $872.1M），MUELLER INDUSTRIES INC净利率更高（16.0% vs 15.3%，领先0.7%），MUELLER INDUSTRIES INC同比增速更快（4.2% vs 0.8%），过去两年MUELLER INDUSTRIES INC的营收复合增速更高（6.4% 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。
Mueller Industries是美国知名工业制造企业，1917年正式成立，总部坐落于美国田纳西州孟菲斯市，主营管道产品、工业金属及暖通制冷设备，2022年入选《财富》1000强榜单，是年营收达数十亿美元的公开上市企业。
BXP vs MLI — 直观对比
营收规模更大
MLI
是对方的1.1倍
$872.1M
营收增速更快
MLI
高出3.4%
0.8%
净利率更高
MLI
高出0.7%
15.3%
两年增速更快
MLI
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $962.4M |
| 净利润 | $133.0M | $153.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.9% |
| 净利率 | 15.3% | 16.0% |
| 营收同比 | 0.8% | 4.2% |
| 净利润同比 | 53.0% | 11.7% |
| 每股收益（稀释后） | $1.69 | $1.37 |
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BXPMLI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $962.4M | ||
| Q3 25 | $871.5M | $1.1B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $923.5M | ||
| Q3 24 | $859.2M | $997.8M | ||
| Q2 24 | $850.5M | $997.7M |
净利润BXPMLI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $153.7M | ||
| Q3 25 | $-121.7M | $208.1M | ||
| Q2 25 | $89.0M | $245.9M | ||
| Q1 25 | $61.2M | $157.4M | ||
| Q4 24 | $-228.9M | $137.7M | ||
| Q3 24 | $83.6M | $168.7M | ||
| Q2 24 | $79.6M | $160.2M |
毛利率BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | — | ||
| Q2 25 | 59.2% | — | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | 27.6% | ||
| Q2 24 | 59.8% | 27.3% |
营业利润率BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 26.7% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 20.7% | ||
| Q2 24 | — | 21.0% |
净利率BXPMLI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 16.0% | ||
| Q3 25 | -14.0% | 19.3% | ||
| Q2 25 | 10.2% | 21.6% | ||
| Q1 25 | 7.1% | 15.7% | ||
| Q4 24 | -26.7% | 14.9% | ||
| Q3 24 | 9.7% | 16.9% | ||
| Q2 24 | 9.4% | 16.1% |
每股收益（稀释后）BXPMLI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.37 | ||
| Q3 25 | $-0.77 | $1.88 | ||
| Q2 25 | $0.56 | $2.22 | ||
| Q1 25 | $0.39 | $1.39 | ||
| Q4 24 | $-1.46 | $1.21 | ||
| Q3 24 | $0.53 | $1.48 | ||
| Q2 24 | $0.51 | $1.41 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.2B |
| 总资产 | $25.1B | $3.7B |
| 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BXPMLI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $861.1M | $1.3B | ||
| Q2 25 | $447.0M | $1.1B | ||
| Q1 25 | $398.1M | $873.6M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $969.6M | ||
| Q2 24 | $685.4M | $825.7M |
股东权益BXPMLI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.2B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $5.3B | $2.9B | ||
| Q1 25 | $5.3B | $2.7B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.8B | $2.7B | ||
| Q2 24 | $5.8B | $2.5B |
总资产BXPMLI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.7B | ||
| Q3 25 | $26.0B | $3.7B | ||
| Q2 25 | $25.6B | $3.5B | ||
| Q1 25 | $25.4B | $3.2B | ||
| Q4 24 | $26.1B | $3.3B | ||
| Q3 24 | $26.4B | $3.2B | ||
| Q2 24 | $25.5B | $3.1B |
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 | — | $141.2M |
| 自由现金流经营现金流 - 资本支出 | — | $121.4M |
| 自由现金流率自由现金流/营收 | — | 12.6% |
| 资本支出强度资本支出/营收 | 1.5% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 0.92× |
| 过去12个月自由现金流最近4个季度 | — | $686.6M |
8季度趋势，按日历期对齐
经营现金流BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $141.2M | ||
| Q3 25 | $274.2M | $310.1M | ||
| Q2 25 | $353.1M | $190.6M | ||
| Q1 25 | $210.0M | $113.6M | ||
| Q4 24 | $383.7M | $140.1M | ||
| Q3 24 | $286.1M | $231.4M | ||
| Q2 24 | $367.1M | $100.8M |
自由现金流BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $121.4M | ||
| Q3 25 | $231.6M | $291.8M | ||
| Q2 25 | $281.5M | $176.5M | ||
| Q1 25 | $152.6M | $97.0M | ||
| Q4 24 | $312.5M | $111.2M | ||
| Q3 24 | $234.5M | $205.7M | ||
| Q2 24 | $332.4M | $91.6M |
自由现金流率BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 12.6% | ||
| Q3 25 | 26.6% | 27.1% | ||
| Q2 25 | 32.4% | 15.5% | ||
| Q1 25 | 17.6% | 9.7% | ||
| Q4 24 | 36.4% | 12.0% | ||
| Q3 24 | 27.3% | 20.6% | ||
| Q2 24 | 39.1% | 9.2% |
资本支出强度BXPMLI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.1% | ||
| Q3 25 | 4.9% | 1.7% | ||
| Q2 25 | 8.2% | 1.2% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | 8.3% | 3.1% | ||
| Q3 24 | 6.0% | 2.6% | ||
| Q2 24 | 4.1% | 0.9% |
现金转化率BXPMLI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.92× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 3.97× | 0.78× | ||
| Q1 25 | 3.43× | 0.72× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 3.42× | 1.37× | ||
| Q2 24 | 4.61× | 0.63× |
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% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
