vs
BXP, Inc.（BXP）与MSC INDUSTRIAL DIRECT CO INC（MSM）财务数据对比。点击上方公司名可切换其他公司
MSC INDUSTRIAL DIRECT CO INC的季度营收约是BXP, Inc.的1.1倍（$965.7M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 5.4%，领先9.9%），MSC INDUSTRIAL DIRECT CO INC同比增速更快（4.0% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -3.4%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
BXP vs MSM — 直观对比
营收规模更大
MSM
是对方的1.1倍
$872.1M
营收增速更快
MSM
高出3.2%
0.8%
净利率更高
BXP
高出9.9%
5.4%
两年增速更快
BXP
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $965.7M |
| 净利润 | $133.0M | $51.8M |
| 毛利率 | — | 40.7% |
| 营业利润率 | — | 7.9% |
| 净利率 | 15.3% | 5.4% |
| 营收同比 | 0.8% | 4.0% |
| 净利润同比 | 53.0% | 11.1% |
| 每股收益（稀释后） | $1.69 | $0.93 |
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BXPMSM
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $965.7M | ||
| Q3 25 | $871.5M | $978.2M | ||
| Q2 25 | $868.5M | $971.1M | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | $928.5M | ||
| Q3 24 | $859.2M | — | ||
| Q2 24 | $850.5M | $979.4M |
净利润BXPMSM
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $51.8M | ||
| Q3 25 | $-121.7M | $56.5M | ||
| Q2 25 | $89.0M | $56.8M | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | $46.6M | ||
| Q3 24 | $83.6M | — | ||
| Q2 24 | $79.6M | $71.7M |
毛利率BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 40.7% | ||
| Q3 25 | 59.3% | 40.4% | ||
| Q2 25 | 59.2% | 41.0% | ||
| Q1 25 | 59.2% | — | ||
| Q4 24 | 59.7% | 40.7% | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.8% | 40.9% |
营业利润率BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.9% |
净利率BXPMSM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 5.4% | ||
| Q3 25 | -14.0% | 5.8% | ||
| Q2 25 | 10.2% | 5.9% | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | 5.0% | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 9.4% | 7.3% |
每股收益（稀释后）BXPMSM
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.93 | ||
| Q3 25 | $-0.77 | $1.02 | ||
| Q2 25 | $0.56 | $1.02 | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | $0.83 | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | $1.27 |
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 | $40.3M |
| 总债务越低越好 | — | $214.1M |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资BXPMSM
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $40.3M | ||
| Q3 25 | $861.1M | $56.2M | ||
| Q2 25 | $447.0M | $71.7M | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | $57.3M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | $25.9M |
总债务BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M |
股东权益BXPMSM
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPMSM
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.5B | ||
| Q3 25 | $26.0B | $2.5B | ||
| Q2 25 | $25.6B | $2.5B | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | $2.5B | ||
| Q3 24 | $26.4B | — | ||
| Q2 24 | $25.5B | $2.5B |
负债/权益比BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× |
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 | — | $29.4M |
| 自由现金流经营现金流 - 资本支出 | — | $7.4M |
| 自由现金流率自由现金流/营收 | — | 0.8% |
| 资本支出强度资本支出/营收 | 1.5% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 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BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $29.4M | ||
| Q3 25 | $274.2M | — | ||
| Q2 25 | $353.1M | $151.6M | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | $101.9M | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $367.1M | $143.5M |
自由现金流BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $7.4M | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | $100.7M | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | $81.7M | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | $114.0M |
自由现金流率BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 0.8% | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | 10.4% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | 8.8% | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | 11.6% |
资本支出强度BXPMSM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.3% | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | 5.2% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | 2.2% | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | 3.0% |
现金转化率BXPMSM
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 2.67× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 2.18× | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 2.00× |
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% |
MSM
暂无分部数据
