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BXP, Inc.（BXP）与NetApp（NTAP）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是BXP, Inc.的2.0倍（$1.7B vs $872.1M），NetApp净利率更高（17.9% vs 15.3%，领先2.6%），NetApp同比增速更快（2.8% vs 0.8%），过去两年NetApp的营收复合增速更高（3.0% 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。
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
BXP vs NTAP — 直观对比
营收规模更大
NTAP
是对方的2.0倍
$872.1M
营收增速更快
NTAP
高出2.0%
0.8%
净利率更高
NTAP
高出2.6%
15.3%
两年增速更快
NTAP
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.7B |
| 净利润 | $133.0M | $305.0M |
| 毛利率 | — | 72.0% |
| 营业利润率 | — | 23.4% |
| 净利率 | 15.3% | 17.9% |
| 营收同比 | 0.8% | 2.8% |
| 净利润同比 | 53.0% | 2.0% |
| 每股收益（稀释后） | $1.69 | $1.51 |
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BXPNTAP
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.7B | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.7B | ||
| Q1 25 | $865.2M | $1.6B | ||
| Q4 24 | $858.6M | $1.7B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.7B |
净利润BXPNTAP
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $305.0M | ||
| Q3 25 | $-121.7M | $233.0M | ||
| Q2 25 | $89.0M | $340.0M | ||
| Q1 25 | $61.2M | $299.0M | ||
| Q4 24 | $-228.9M | $299.0M | ||
| Q3 24 | $83.6M | $248.0M | ||
| Q2 24 | $79.6M | $291.0M |
毛利率BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 72.0% | ||
| Q3 25 | 59.3% | 70.4% | ||
| Q2 25 | 59.2% | 68.9% | ||
| Q1 25 | 59.2% | 69.8% | ||
| Q4 24 | 59.7% | 71.0% | ||
| Q3 24 | 59.5% | 71.3% | ||
| Q2 24 | 59.8% | 70.5% |
营业利润率BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 18.3% | ||
| Q2 24 | — | 21.9% |
净利率BXPNTAP
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 17.9% | ||
| Q3 25 | -14.0% | 14.9% | ||
| Q2 25 | 10.2% | 19.6% | ||
| Q1 25 | 7.1% | 18.2% | ||
| Q4 24 | -26.7% | 18.0% | ||
| Q3 24 | 9.7% | 16.1% | ||
| Q2 24 | 9.4% | 17.4% |
每股收益（稀释后）BXPNTAP
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.51 | ||
| Q3 25 | $-0.77 | $1.15 | ||
| Q2 25 | $0.56 | $1.64 | ||
| Q1 25 | $0.39 | $1.44 | ||
| Q4 24 | $-1.46 | $1.42 | ||
| Q3 24 | $0.53 | $1.17 | ||
| 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 | $3.0B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $7.7B | $986.0M |
| 总资产 | $25.1B | $9.6B |
| 负债/权益比越低杠杆越低 | — | 2.52× |
8季度趋势，按日历期对齐
现金及短期投资BXPNTAP
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $3.0B | ||
| Q3 25 | $861.1M | $3.3B | ||
| Q2 25 | $447.0M | $3.8B | ||
| Q1 25 | $398.1M | $2.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $685.4M | $3.3B |
总债务BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
股东权益BXPNTAP
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $986.0M | ||
| Q3 25 | $5.0B | $975.0M | ||
| Q2 25 | $5.3B | $1.0B | ||
| Q1 25 | $5.3B | $995.0M | ||
| Q4 24 | $5.4B | $892.0M | ||
| Q3 24 | $5.8B | $929.0M | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPNTAP
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $9.6B | ||
| Q3 25 | $26.0B | $9.7B | ||
| Q2 25 | $25.6B | $10.8B | ||
| Q1 25 | $25.4B | $9.0B | ||
| Q4 24 | $26.1B | $9.0B | ||
| Q3 24 | $26.4B | $9.3B | ||
| Q2 24 | $25.5B | $9.9B |
负债/权益比BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.58× | ||
| Q2 24 | — | 2.09× |
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 | — | $127.0M |
| 自由现金流经营现金流 - 资本支出 | — | $78.0M |
| 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% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 0.42× |
| 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BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $127.0M | ||
| Q3 25 | $274.2M | $673.0M | ||
| Q2 25 | $353.1M | — | ||
| Q1 25 | $210.0M | $385.0M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | $341.0M | ||
| Q2 24 | $367.1M | $613.0M |
自由现金流BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $78.0M | ||
| Q3 25 | $231.6M | $620.0M | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | $338.0M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $300.0M | ||
| Q2 24 | $332.4M | $567.0M |
自由现金流率BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 4.6% | ||
| Q3 25 | 26.6% | 39.8% | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | 20.6% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | 19.5% | ||
| Q2 24 | 39.1% | 34.0% |
资本支出强度BXPNTAP
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.9% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | 2.9% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 2.7% | ||
| Q2 24 | 4.1% | 2.8% |
现金转化率BXPNTAP
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.42× | ||
| Q3 25 | — | 2.89× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | 1.29× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.38× | ||
| Q2 24 | 4.61× | 2.11× |
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% |
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
