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BXP, Inc.（BXP）与NORTHERN OIL & GAS, INC.（NOG）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NORTHERN OIL & GAS, INC.的1.4倍（$872.1M vs $610.2M），BXP, Inc.净利率更高（15.3% vs -11.6%，领先26.8%），BXP, Inc.同比增速更快（0.8% vs -72.6%），过去两年NORTHERN OIL & GAS, INC.的营收复合增速更高（4.3% 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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
BXP vs NOG — 直观对比
营收规模更大
BXP
是对方的1.4倍
$610.2M
营收增速更快
BXP
高出73.4%
-72.6%
净利率更高
BXP
高出26.8%
-11.6%
两年增速更快
NOG
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $610.2M |
| 净利润 | $133.0M | $-70.7M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 15.3% | -11.6% |
| 营收同比 | 0.8% | -72.6% |
| 净利润同比 | 53.0% | -198.7% |
| 每股收益（稀释后） | $1.69 | $-0.73 |
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BXPNOG
| Q1 26 | $872.1M | $610.2M | ||
| Q4 25 | $877.1M | $610.2M | ||
| Q3 25 | $871.5M | $556.6M | ||
| Q2 25 | $868.5M | $706.8M | ||
| Q1 25 | $865.2M | $602.1M | ||
| Q4 24 | $858.6M | $515.0M | ||
| Q3 24 | $859.2M | $753.6M | ||
| Q2 24 | $850.5M | $560.8M |
净利润BXPNOG
| Q1 26 | $133.0M | $-70.7M | ||
| Q4 25 | $248.4M | $-70.7M | ||
| Q3 25 | $-121.7M | $-129.1M | ||
| Q2 25 | $89.0M | $99.6M | ||
| Q1 25 | $61.2M | $139.0M | ||
| Q4 24 | $-228.9M | $71.7M | ||
| Q3 24 | $83.6M | $298.4M | ||
| Q2 24 | $79.6M | $138.6M |
毛利率BXPNOG
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 80.4% | ||
| Q3 25 | 59.3% | 78.7% | ||
| Q2 25 | 59.2% | 82.8% | ||
| Q1 25 | 59.2% | 81.1% | ||
| Q4 24 | 59.7% | 77.4% | ||
| Q3 24 | 59.5% | 85.8% | ||
| Q2 24 | 59.8% | 82.0% |
营业利润率BXPNOG
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -22.6% | ||
| Q2 25 | — | 24.9% | ||
| Q1 25 | — | 38.1% | ||
| Q4 24 | — | 25.8% | ||
| Q3 24 | — | 57.6% | ||
| Q2 24 | — | 39.0% |
净利率BXPNOG
| Q1 26 | 15.3% | -11.6% | ||
| Q4 25 | 28.3% | -11.6% | ||
| Q3 25 | -14.0% | -23.2% | ||
| Q2 25 | 10.2% | 14.1% | ||
| Q1 25 | 7.1% | 23.1% | ||
| Q4 24 | -26.7% | 13.9% | ||
| Q3 24 | 9.7% | 39.6% | ||
| Q2 24 | 9.4% | 24.7% |
每股收益（稀释后）BXPNOG
| Q1 26 | $1.69 | $-0.73 | ||
| Q4 25 | $1.56 | $-0.67 | ||
| Q3 25 | $-0.77 | $-1.33 | ||
| Q2 25 | $0.56 | $1.00 | ||
| Q1 25 | $0.39 | $1.39 | ||
| Q4 24 | $-1.46 | $0.71 | ||
| Q3 24 | $0.53 | $2.96 | ||
| Q2 24 | $0.51 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $25.1B | $5.4B |
| 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BXPNOG
| Q1 26 | $512.8M | $14.3M | ||
| Q4 25 | $1.5B | $14.3M | ||
| Q3 25 | $861.1M | $31.6M | ||
| Q2 25 | $447.0M | $25.9M | ||
| Q1 25 | $398.1M | $33.6M | ||
| Q4 24 | $1.3B | $8.9M | ||
| Q3 24 | $1.4B | $34.4M | ||
| Q2 24 | $685.4M | $7.8M |
总债务BXPNOG
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
股东权益BXPNOG
| Q1 26 | $7.7B | $2.1B | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $5.3B | $2.4B | ||
| Q1 25 | $5.3B | $2.4B | ||
| Q4 24 | $5.4B | $2.3B | ||
| Q3 24 | $5.8B | $2.3B | ||
| Q2 24 | $5.8B | $2.1B |
总资产BXPNOG
| Q1 26 | $25.1B | $5.4B | ||
| Q4 25 | $26.2B | $5.4B | ||
| Q3 25 | $26.0B | $5.5B | ||
| Q2 25 | $25.6B | $5.7B | ||
| Q1 25 | $25.4B | $5.7B | ||
| Q4 24 | $26.1B | $5.6B | ||
| Q3 24 | $26.4B | $5.1B | ||
| Q2 24 | $25.5B | $4.7B |
负债/权益比BXPNOG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.91× |
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 | — | $312.6M |
| 自由现金流经营现金流 - 资本支出 | — | $43.2M |
| 自由现金流率自由现金流/营收 | — | 7.1% |
| 资本支出强度资本支出/营收 | 1.5% | 31.5% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $407.8M | $312.6M | ||
| Q3 25 | $274.2M | $423.1M | ||
| Q2 25 | $353.1M | $362.1M | ||
| Q1 25 | $210.0M | $407.4M | ||
| Q4 24 | $383.7M | $290.3M | ||
| Q3 24 | $286.1M | $385.8M | ||
| Q2 24 | $367.1M | $340.5M |
自由现金流BXPNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPNOG
| Q1 26 | 1.5% | 31.5% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPNOG
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 3.64× | ||
| Q1 25 | 3.43× | 2.93× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | 3.42× | 1.29× | ||
| Q2 24 | 4.61× | 2.46× |
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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
