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BXP, Inc.（BXP）与NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的1.0倍（$872.1M vs $859.5M），BXP, Inc.净利率更高（15.3% vs 7.9%，领先7.3%），NEWMARK GROUP, INC.同比增速更快（18.1% vs 0.8%），过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% 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。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
BXP vs NMRK — 直观对比
营收规模更大
BXP
是对方的1.0倍
$859.5M
营收增速更快
NMRK
高出17.3%
0.8%
净利率更高
BXP
高出7.3%
7.9%
两年增速更快
NMRK
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $859.5M |
| 净利润 | $133.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.4% |
| 净利率 | 15.3% | 7.9% |
| 营收同比 | 0.8% | 18.1% |
| 净利润同比 | 53.0% | 49.7% |
| 每股收益（稀释后） | $1.69 | $0.37 |
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BXPNMRK
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $859.5M | ||
| Q3 25 | $871.5M | $715.0M | ||
| Q2 25 | $868.5M | $639.6M | ||
| Q1 25 | $865.2M | $556.2M | ||
| Q4 24 | $858.6M | $727.5M | ||
| Q3 24 | $859.2M | $568.0M | ||
| Q2 24 | $850.5M | $527.3M |
净利润BXPNMRK
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $68.0M | ||
| Q3 25 | $-121.7M | $46.2M | ||
| Q2 25 | $89.0M | $20.8M | ||
| Q1 25 | $61.2M | $-8.8M | ||
| Q4 24 | $-228.9M | $45.4M | ||
| Q3 24 | $83.6M | $17.8M | ||
| Q2 24 | $79.6M | $14.3M |
毛利率BXPNMRK
| 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BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.7% |
净利率BXPNMRK
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 7.9% | ||
| Q3 25 | -14.0% | 6.5% | ||
| Q2 25 | 10.2% | 3.3% | ||
| Q1 25 | 7.1% | -1.6% | ||
| Q4 24 | -26.7% | 6.2% | ||
| Q3 24 | 9.7% | 3.1% | ||
| Q2 24 | 9.4% | 2.7% |
每股收益（稀释后）BXPNMRK
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.37 | ||
| Q3 25 | $-0.77 | $0.25 | ||
| Q2 25 | $0.56 | $0.11 | ||
| Q1 25 | $0.39 | $-0.05 | ||
| Q4 24 | $-1.46 | $0.25 | ||
| Q3 24 | $0.53 | $0.10 | ||
| Q2 24 | $0.51 | $0.08 |
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 | $229.1M |
| 总债务越低越好 | — | $671.7M |
| 股东权益账面价值 | $7.7B | $1.5B |
| 总资产 | $25.1B | $5.0B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资BXPNMRK
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $229.1M | ||
| Q3 25 | $861.1M | $224.1M | ||
| Q2 25 | $447.0M | $195.8M | ||
| Q1 25 | $398.1M | $157.1M | ||
| Q4 24 | $1.3B | $197.7M | ||
| Q3 24 | $1.4B | $178.6M | ||
| Q2 24 | $685.4M | $176.4M |
总债务BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | — | $671.7M | ||
| Q3 25 | — | $746.5M | ||
| Q2 25 | — | $871.2M | ||
| Q1 25 | — | $770.9M | ||
| Q4 24 | — | $670.7M | ||
| Q3 24 | — | $770.4M | ||
| Q2 24 | — | $745.2M |
股东权益BXPNMRK
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.4B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.4B | $1.2B | ||
| Q3 24 | $5.8B | $1.2B | ||
| Q2 24 | $5.8B | $1.2B |
总资产BXPNMRK
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.0B | ||
| Q3 25 | $26.0B | $5.5B | ||
| Q2 25 | $25.6B | $5.4B | ||
| Q1 25 | $25.4B | $4.8B | ||
| Q4 24 | $26.1B | $4.7B | ||
| Q3 24 | $26.4B | $5.0B | ||
| Q2 24 | $25.5B | $4.8B |
负债/权益比BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.62× |
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 | — | $618.5M |
| 自由现金流经营现金流 - 资本支出 | — | $608.8M |
| 自由现金流率自由现金流/营收 | — | 70.8% |
| 资本支出强度资本支出/营收 | 1.5% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 9.10× |
| 过去12个月自由现金流最近4个季度 | — | $142.6M |
8季度趋势，按日历期对齐
经营现金流BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $618.5M | ||
| Q3 25 | $274.2M | $112.6M | ||
| Q2 25 | $353.1M | $-379.7M | ||
| Q1 25 | $210.0M | $-179.4M | ||
| Q4 24 | $383.7M | $402.6M | ||
| Q3 24 | $286.1M | $-85.2M | ||
| Q2 24 | $367.1M | $-258.5M |
自由现金流BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $608.8M | ||
| Q3 25 | $231.6M | $104.9M | ||
| Q2 25 | $281.5M | $-386.2M | ||
| Q1 25 | $152.6M | $-184.8M | ||
| Q4 24 | $312.5M | $396.6M | ||
| Q3 24 | $234.5M | $-94.4M | ||
| Q2 24 | $332.4M | $-267.8M |
自由现金流率BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 70.8% | ||
| Q3 25 | 26.6% | 14.7% | ||
| Q2 25 | 32.4% | -60.4% | ||
| Q1 25 | 17.6% | -33.2% | ||
| Q4 24 | 36.4% | 54.5% | ||
| Q3 24 | 27.3% | -16.6% | ||
| Q2 24 | 39.1% | -50.8% |
资本支出强度BXPNMRK
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 6.6% | 1.0% | ||
| Q4 24 | 8.3% | 0.8% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 1.8% |
现金转化率BXPNMRK
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 9.10× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | 3.97× | -18.24× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 8.86× | ||
| Q3 24 | 3.42× | -4.79× | ||
| Q2 24 | 4.61× | -18.10× |
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% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
