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BXP, Inc.（BXP）与MAXIMUS, INC.（MMS）财务数据对比。点击上方公司名可切换其他公司
MAXIMUS, INC.的季度营收约是BXP, Inc.的1.5倍（$1.3B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 7.0%，领先8.3%），BXP, Inc.同比增速更快（0.8% vs -4.1%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.1%）
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。
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
BXP vs MMS — 直观对比
营收规模更大
MMS
是对方的1.5倍
$872.1M
营收增速更快
BXP
高出4.9%
-4.1%
净利率更高
BXP
高出8.3%
7.0%
两年增速更快
BXP
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.3B |
| 净利润 | $133.0M | $93.9M |
| 毛利率 | — | 23.7% |
| 营业利润率 | — | 10.9% |
| 净利率 | 15.3% | 7.0% |
| 营收同比 | 0.8% | -4.1% |
| 净利润同比 | 53.0% | 128.0% |
| 每股收益（稀释后） | $1.69 | $1.70 |
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BXPMMS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.3B | ||
| Q3 25 | $871.5M | $1.3B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.3B | ||
| Q2 24 | $850.5M | $1.3B |
净利润BXPMMS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $93.9M | ||
| Q3 25 | $-121.7M | $75.3M | ||
| Q2 25 | $89.0M | $106.0M | ||
| Q1 25 | $61.2M | $96.6M | ||
| Q4 24 | $-228.9M | $41.2M | ||
| Q3 24 | $83.6M | $72.5M | ||
| Q2 24 | $79.6M | $89.8M |
毛利率BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 23.7% | ||
| Q3 25 | 59.3% | 25.3% | ||
| Q2 25 | 59.2% | 26.7% | ||
| Q1 25 | 59.2% | 24.9% | ||
| Q4 24 | 59.7% | 21.5% | ||
| Q3 24 | 59.5% | 22.9% | ||
| Q2 24 | 59.8% | 25.3% |
营业利润率BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 10.8% |
净利率BXPMMS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.0% | ||
| Q3 25 | -14.0% | 5.7% | ||
| Q2 25 | 10.2% | 7.9% | ||
| Q1 25 | 7.1% | 7.1% | ||
| Q4 24 | -26.7% | 2.9% | ||
| Q3 24 | 9.7% | 5.5% | ||
| Q2 24 | 9.4% | 6.8% |
每股收益（稀释后）BXPMMS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.70 | ||
| Q3 25 | $-0.77 | $1.27 | ||
| Q2 25 | $0.56 | $1.86 | ||
| Q1 25 | $0.39 | $1.69 | ||
| Q4 24 | $-1.46 | $0.69 | ||
| Q3 24 | $0.53 | $1.18 | ||
| Q2 24 | $0.51 | $1.46 |
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 | $137.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.7B |
| 总资产 | $25.1B | $4.2B |
| 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BXPMMS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $137.6M | ||
| Q3 25 | $861.1M | $222.4M | ||
| Q2 25 | $447.0M | $59.8M | ||
| Q1 25 | $398.1M | $108.1M | ||
| Q4 24 | $1.3B | $72.7M | ||
| Q3 24 | $1.4B | $183.1M | ||
| Q2 24 | $685.4M | $102.8M |
股东权益BXPMMS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.7B | ||
| Q3 25 | $5.0B | $1.7B | ||
| Q2 25 | $5.3B | $1.8B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.8B | ||
| Q2 24 | $5.8B | $1.8B |
总资产BXPMMS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.2B | ||
| Q3 25 | $26.0B | $4.1B | ||
| Q2 25 | $25.6B | $4.5B | ||
| Q1 25 | $25.4B | $4.2B | ||
| Q4 24 | $26.1B | $4.1B | ||
| Q3 24 | $26.4B | $4.1B | ||
| Q2 24 | $25.5B | $4.0B |
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 | — | $-244.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-250.7M |
| 自由现金流率自由现金流/营收 | — | -18.6% |
| 资本支出强度资本支出/营收 | 1.5% | 0.5% |
| 现金转化率经营现金流/净利润 | — | -2.60× |
| 过去12个月自由现金流最近4个季度 | — | $218.5M |
8季度趋势，按日历期对齐
经营现金流BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-244.4M | ||
| Q3 25 | $274.2M | $649.4M | ||
| Q2 25 | $353.1M | $-182.7M | ||
| Q1 25 | $210.0M | $42.7M | ||
| Q4 24 | $383.7M | $-80.0M | ||
| Q3 24 | $286.1M | $163.8M | ||
| Q2 24 | $367.1M | $199.3M |
自由现金流BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-250.7M | ||
| Q3 25 | $231.6M | $641.8M | ||
| Q2 25 | $281.5M | $-198.2M | ||
| Q1 25 | $152.6M | $25.5M | ||
| Q4 24 | $312.5M | $-103.0M | ||
| Q3 24 | $234.5M | $131.9M | ||
| Q2 24 | $332.4M | $164.6M |
自由现金流率BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -18.6% | ||
| Q3 25 | 26.6% | 48.7% | ||
| Q2 25 | 32.4% | -14.7% | ||
| Q1 25 | 17.6% | 1.9% | ||
| Q4 24 | 36.4% | -7.3% | ||
| Q3 24 | 27.3% | 10.0% | ||
| Q2 24 | 39.1% | 12.5% |
资本支出强度BXPMMS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.5% | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | 1.3% | ||
| Q4 24 | 8.3% | 1.6% | ||
| Q3 24 | 6.0% | 2.4% | ||
| Q2 24 | 4.1% | 2.6% |
现金转化率BXPMMS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | -2.60× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | 3.97× | -1.72× | ||
| Q1 25 | 3.43× | 0.44× | ||
| Q4 24 | — | -1.94× | ||
| Q3 24 | 3.42× | 2.26× | ||
| Q2 24 | 4.61× | 2.22× |
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% |
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
