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BXP, Inc.（BXP）与晨星（MORN）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是晨星的1.4倍（$872.1M vs $644.8M），晨星同比增速更快（10.8% vs 0.8%），过去两年晨星的营收复合增速更高（6.2% 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。
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
BXP vs MORN — 直观对比
营收规模更大
BXP
是对方的1.4倍
$644.8M
营收增速更快
MORN
高出10.0%
0.8%
两年增速更快
MORN
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $644.8M |
| 净利润 | $133.0M | — |
| 毛利率 | — | 62.9% |
| 营业利润率 | — | 24.2% |
| 净利率 | 15.3% | — |
| 营收同比 | 0.8% | 10.8% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $2.73 |
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BXPMORN
| Q1 26 | $872.1M | $644.8M | ||
| Q4 25 | $877.1M | $641.1M | ||
| Q3 25 | $871.5M | $617.4M | ||
| Q2 25 | $868.5M | $605.1M | ||
| Q1 25 | $865.2M | $581.9M | ||
| Q4 24 | $858.6M | $591.0M | ||
| Q3 24 | $859.2M | $569.4M | ||
| Q2 24 | $850.5M | $571.9M |
净利润BXPMORN
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $115.1M | ||
| Q3 25 | $-121.7M | $91.6M | ||
| Q2 25 | $89.0M | $89.0M | ||
| Q1 25 | $61.2M | $78.5M | ||
| Q4 24 | $-228.9M | $116.9M | ||
| Q3 24 | $83.6M | $119.7M | ||
| Q2 24 | $79.6M | $69.1M |
毛利率BXPMORN
| Q1 26 | — | 62.9% | ||
| Q4 25 | 58.8% | 61.1% | ||
| Q3 25 | 59.3% | 60.9% | ||
| Q2 25 | 59.2% | 61.9% | ||
| Q1 25 | 59.2% | 60.2% | ||
| Q4 24 | 59.7% | 60.7% | ||
| Q3 24 | 59.5% | 60.9% | ||
| Q2 24 | 59.8% | 61.1% |
营业利润率BXPMORN
| Q1 26 | — | 24.2% | ||
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 20.7% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | — | 28.5% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 19.0% |
净利率BXPMORN
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 18.0% | ||
| Q3 25 | -14.0% | 14.8% | ||
| Q2 25 | 10.2% | 14.7% | ||
| Q1 25 | 7.1% | 13.5% | ||
| Q4 24 | -26.7% | 19.8% | ||
| Q3 24 | 9.7% | 21.0% | ||
| Q2 24 | 9.4% | 12.1% |
每股收益（稀释后）BXPMORN
| Q1 26 | $1.69 | $2.73 | ||
| Q4 25 | $1.56 | $2.79 | ||
| Q3 25 | $-0.77 | $2.17 | ||
| Q2 25 | $0.56 | $2.09 | ||
| Q1 25 | $0.39 | $1.82 | ||
| Q4 24 | $-1.46 | $2.72 | ||
| Q3 24 | $0.53 | $2.77 | ||
| Q2 24 | $0.51 | $1.60 |
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 | $492.8M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $7.7B | $1.0B |
| 总资产 | $25.1B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资BXPMORN
| Q1 26 | $512.8M | $492.8M | ||
| Q4 25 | $1.5B | $528.7M | ||
| Q3 25 | $861.1M | $40.3M | ||
| Q2 25 | $447.0M | $38.1M | ||
| Q1 25 | $398.1M | $47.7M | ||
| Q4 24 | $1.3B | $551.0M | ||
| Q3 24 | $1.4B | $48.8M | ||
| Q2 24 | $685.4M | $48.0M |
总债务BXPMORN
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $848.9M | ||
| Q2 25 | — | $838.8M | ||
| Q1 25 | — | $803.7M | ||
| Q4 24 | — | $698.6M | ||
| Q3 24 | — | $864.7M | ||
| Q2 24 | — | $899.6M |
股东权益BXPMORN
| Q1 26 | $7.7B | $1.0B | ||
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.3B | $1.6B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.6B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPMORN
| Q1 26 | $25.1B | $4.0B | ||
| Q4 25 | $26.2B | $3.6B | ||
| Q3 25 | $26.0B | $3.6B | ||
| Q2 25 | $25.6B | $3.6B | ||
| Q1 25 | $25.4B | $3.6B | ||
| Q4 24 | $26.1B | $3.5B | ||
| Q3 24 | $26.4B | $3.6B | ||
| Q2 24 | $25.5B | $3.4B |
负债/权益比BXPMORN
| Q1 26 | — | 1.68× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.63× |
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 | — | $53.6M |
| 自由现金流率自由现金流/营收 | — | 8.3% |
| 资本支出强度资本支出/营收 | 1.5% | 5.9% |
| 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 | — | $437.4M |
8季度趋势，按日历期对齐
经营现金流BXPMORN
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $204.0M | ||
| Q3 25 | $274.2M | $195.7M | ||
| Q2 25 | $353.1M | $99.0M | ||
| Q1 25 | $210.0M | $91.0M | ||
| Q4 24 | $383.7M | $153.4M | ||
| Q3 24 | $286.1M | $191.9M | ||
| Q2 24 | $367.1M | $152.7M |
自由现金流BXPMORN
| Q1 26 | — | $53.6M | ||
| Q4 25 | $362.7M | $161.3M | ||
| Q3 25 | $231.6M | $160.1M | ||
| Q2 25 | $281.5M | $62.4M | ||
| Q1 25 | $152.6M | $58.8M | ||
| Q4 24 | $312.5M | $112.8M | ||
| Q3 24 | $234.5M | $155.8M | ||
| Q2 24 | $332.4M | $120.8M |
自由现金流率BXPMORN
| Q1 26 | — | 8.3% | ||
| Q4 25 | 41.4% | 25.2% | ||
| Q3 25 | 26.6% | 25.9% | ||
| Q2 25 | 32.4% | 10.3% | ||
| Q1 25 | 17.6% | 10.1% | ||
| Q4 24 | 36.4% | 19.1% | ||
| Q3 24 | 27.3% | 27.4% | ||
| Q2 24 | 39.1% | 21.1% |
资本支出强度BXPMORN
| Q1 26 | 1.5% | 5.9% | ||
| Q4 25 | 5.1% | 6.7% | ||
| Q3 25 | 4.9% | 5.8% | ||
| Q2 25 | 8.2% | 6.0% | ||
| Q1 25 | 6.6% | 5.5% | ||
| Q4 24 | 8.3% | 6.9% | ||
| Q3 24 | 6.0% | 6.3% | ||
| Q2 24 | 4.1% | 5.6% |
现金转化率BXPMORN
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.77× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | 3.97× | 1.11× | ||
| Q1 25 | 3.43× | 1.16× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 3.42× | 1.60× | ||
| Q2 24 | 4.61× | 2.21× |
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% |
MORN
暂无分部数据
