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BXP, Inc.（BXP）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是巴诺书店的1.1倍（$872.1M vs $764.4M），BXP, Inc.净利率更高（15.3% vs 11.3%，领先3.9%），BXP, Inc.同比增速更快（0.8% vs -17.6%），过去两年巴诺书店的营收复合增速更高（9.5% 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。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
BXP vs NE — 直观对比
营收规模更大
BXP
是对方的1.1倍
$764.4M
营收增速更快
BXP
高出18.4%
-17.6%
净利率更高
BXP
高出3.9%
11.3%
两年增速更快
NE
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $764.4M |
| 净利润 | $133.0M | $86.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 5.6% |
| 净利率 | 15.3% | 11.3% |
| 营收同比 | 0.8% | -17.6% |
| 净利润同比 | 53.0% | -10.4% |
| 每股收益（稀释后） | $1.69 | $0.54 |
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BXPNE
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $764.4M | ||
| Q3 25 | $871.5M | $798.0M | ||
| Q2 25 | $868.5M | $848.7M | ||
| Q1 25 | $865.2M | $874.5M | ||
| Q4 24 | $858.6M | $927.3M | ||
| Q3 24 | $859.2M | $800.5M | ||
| Q2 24 | $850.5M | $692.8M |
净利润BXPNE
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $86.6M | ||
| Q3 25 | $-121.7M | $-21.1M | ||
| Q2 25 | $89.0M | $42.9M | ||
| Q1 25 | $61.2M | $108.3M | ||
| Q4 24 | $-228.9M | $96.6M | ||
| Q3 24 | $83.6M | $61.2M | ||
| Q2 24 | $79.6M | $195.0M |
毛利率BXPNE
| 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% | — | ||
| Q2 24 | 59.8% | — |
营业利润率BXPNE
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 30.3% |
净利率BXPNE
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 11.3% | ||
| Q3 25 | -14.0% | -2.6% | ||
| Q2 25 | 10.2% | 5.1% | ||
| Q1 25 | 7.1% | 12.4% | ||
| Q4 24 | -26.7% | 10.4% | ||
| Q3 24 | 9.7% | 7.6% | ||
| Q2 24 | 9.4% | 28.1% |
每股收益（稀释后）BXPNE
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.54 | ||
| Q3 25 | $-0.77 | $-0.13 | ||
| Q2 25 | $0.56 | $0.27 | ||
| Q1 25 | $0.39 | $0.67 | ||
| Q4 24 | $-1.46 | $0.56 | ||
| Q3 24 | $0.53 | $0.40 | ||
| Q2 24 | $0.51 | $1.34 |
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 | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $4.5B |
| 总资产 | $25.1B | $7.5B |
| 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BXPNE
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $471.4M | ||
| Q3 25 | $861.1M | $477.9M | ||
| Q2 25 | $447.0M | $338.2M | ||
| Q1 25 | $398.1M | $303.8M | ||
| Q4 24 | $1.3B | $247.3M | ||
| Q3 24 | $1.4B | $391.9M | ||
| Q2 24 | $685.4M | $162.9M |
股东权益BXPNE
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.5B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $5.3B | $4.6B | ||
| Q1 25 | $5.3B | $4.7B | ||
| Q4 24 | $5.4B | $4.7B | ||
| Q3 24 | $5.8B | $4.7B | ||
| Q2 24 | $5.8B | $4.0B |
总资产BXPNE
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $7.5B | ||
| Q3 25 | $26.0B | $7.6B | ||
| Q2 25 | $25.6B | $7.7B | ||
| Q1 25 | $25.4B | $7.9B | ||
| Q4 24 | $26.1B | $8.0B | ||
| Q3 24 | $26.4B | $8.0B | ||
| Q2 24 | $25.5B | $5.6B |
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 | — | $187.1M |
| 自由现金流经营现金流 - 资本支出 | — | $35.4M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | 1.5% | 19.9% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $432.2M |
8季度趋势，按日历期对齐
经营现金流BXPNE
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $187.1M | ||
| Q3 25 | $274.2M | $277.1M | ||
| Q2 25 | $353.1M | $216.4M | ||
| Q1 25 | $210.0M | $271.1M | ||
| Q4 24 | $383.7M | $136.2M | ||
| Q3 24 | $286.1M | $283.8M | ||
| Q2 24 | $367.1M | $106.8M |
自由现金流BXPNE
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $35.4M | ||
| Q3 25 | $231.6M | $139.5M | ||
| Q2 25 | $281.5M | $99.8M | ||
| Q1 25 | $152.6M | $157.5M | ||
| Q4 24 | $312.5M | $-4.4M | ||
| Q3 24 | $234.5M | $156.8M | ||
| Q2 24 | $332.4M | $-34.3M |
自由现金流率BXPNE
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 4.6% | ||
| Q3 25 | 26.6% | 17.5% | ||
| Q2 25 | 32.4% | 11.8% | ||
| Q1 25 | 17.6% | 18.0% | ||
| Q4 24 | 36.4% | -0.5% | ||
| Q3 24 | 27.3% | 19.6% | ||
| Q2 24 | 39.1% | -4.9% |
资本支出强度BXPNE
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 19.9% | ||
| Q3 25 | 4.9% | 17.3% | ||
| Q2 25 | 8.2% | 13.7% | ||
| Q1 25 | 6.6% | 13.0% | ||
| Q4 24 | 8.3% | 15.2% | ||
| Q3 24 | 6.0% | 15.9% | ||
| Q2 24 | 4.1% | 20.4% |
现金转化率BXPNE
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 5.05× | ||
| Q1 25 | 3.43× | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 3.42× | 4.64× | ||
| Q2 24 | 4.61× | 0.55× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
