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BXP, Inc.（BXP）与Envista Holdings Corp（NVST）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Envista Holdings Corp的1.2倍（$872.1M vs $750.6M），BXP, Inc.净利率更高（15.3% vs 4.4%，领先10.9%），Envista Holdings Corp同比增速更快（15.0% vs 0.8%），过去两年Envista Holdings Corp的营收复合增速更高（9.7% 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。
Envista Holdings Corp是一家总部位于美国的企业，旗下Envista Forensics业务板块面向保险、法律及风险管理行业，在全球范围内提供法务工程与事故复原解决方案。公司前身为LWG咨询有限公司，2017年正式更名为Envista Forensics。
BXP vs NVST — 直观对比
营收规模更大
BXP
是对方的1.2倍
$750.6M
营收增速更快
NVST
高出14.2%
0.8%
净利率更高
BXP
高出10.9%
4.4%
两年增速更快
NVST
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $750.6M |
| 净利润 | $133.0M | $32.9M |
| 毛利率 | — | 54.7% |
| 营业利润率 | — | 9.8% |
| 净利率 | 15.3% | 4.4% |
| 营收同比 | 0.8% | 15.0% |
| 净利润同比 | 53.0% | 2641.7% |
| 每股收益（稀释后） | $1.69 | $0.20 |
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BXPNVST
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $750.6M | ||
| Q3 25 | $871.5M | $669.9M | ||
| Q2 25 | $868.5M | $682.1M | ||
| Q1 25 | $865.2M | $616.9M | ||
| Q4 24 | $858.6M | $652.9M | ||
| Q3 24 | $859.2M | $601.0M | ||
| Q2 24 | $850.5M | $633.1M |
净利润BXPNVST
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $32.9M | ||
| Q3 25 | $-121.7M | $-30.3M | ||
| Q2 25 | $89.0M | $26.4M | ||
| Q1 25 | $61.2M | $18.0M | ||
| Q4 24 | $-228.9M | $1.2M | ||
| Q3 24 | $83.6M | $8.2M | ||
| Q2 24 | $79.6M | $-1.2B |
毛利率BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 54.7% | ||
| Q3 25 | 59.3% | 55.3% | ||
| Q2 25 | 59.2% | 54.2% | ||
| Q1 25 | 59.2% | 54.5% | ||
| Q4 24 | 59.7% | 57.1% | ||
| Q3 24 | 59.5% | 52.8% | ||
| Q2 24 | 59.8% | 51.6% |
营业利润率BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | — | 9.8% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 6.8% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | -182.2% |
净利率BXPNVST
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.4% | ||
| Q3 25 | -14.0% | -4.5% | ||
| Q2 25 | 10.2% | 3.9% | ||
| Q1 25 | 7.1% | 2.9% | ||
| Q4 24 | -26.7% | 0.2% | ||
| Q3 24 | 9.7% | 1.4% | ||
| Q2 24 | 9.4% | -181.9% |
每股收益（稀释后）BXPNVST
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.20 | ||
| Q3 25 | $-0.77 | $-0.18 | ||
| Q2 25 | $0.56 | $0.16 | ||
| Q1 25 | $0.39 | $0.10 | ||
| Q4 24 | $-1.46 | $0.00 | ||
| Q3 24 | $0.53 | $0.05 | ||
| Q2 24 | $0.51 | $-6.69 |
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 | $1.2B |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $7.7B | $3.1B |
| 总资产 | $25.1B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资BXPNVST
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $861.1M | $1.1B | ||
| Q2 25 | $447.0M | $1.1B | ||
| Q1 25 | $398.1M | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $991.3M | ||
| Q2 24 | $685.4M | $1.0B |
总债务BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B |
股东权益BXPNVST
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.1B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $5.3B | $3.1B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $5.4B | $2.9B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $3.0B |
总资产BXPNVST
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.7B | ||
| Q3 25 | $26.0B | $5.6B | ||
| Q2 25 | $25.6B | $5.7B | ||
| Q1 25 | $25.4B | $5.5B | ||
| Q4 24 | $26.1B | $5.4B | ||
| Q3 24 | $26.4B | $5.5B | ||
| Q2 24 | $25.5B | $5.4B |
负债/权益比BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.51× |
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 | — | $108.0M |
| 自由现金流经营现金流 - 资本支出 | — | $91.7M |
| 自由现金流率自由现金流/营收 | — | 12.2% |
| 资本支出强度资本支出/营收 | 1.5% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 3.28× |
| 过去12个月自由现金流最近4个季度 | — | $230.4M |
8季度趋势，按日历期对齐
经营现金流BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $108.0M | ||
| Q3 25 | $274.2M | $78.7M | ||
| Q2 25 | $353.1M | $88.7M | ||
| Q1 25 | $210.0M | $300.0K | ||
| Q4 24 | $383.7M | $132.4M | ||
| Q3 24 | $286.1M | $70.7M | ||
| Q2 24 | $367.1M | $93.1M |
自由现金流BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $91.7M | ||
| Q3 25 | $231.6M | $67.9M | ||
| Q2 25 | $281.5M | $76.4M | ||
| Q1 25 | $152.6M | $-5.6M | ||
| Q4 24 | $312.5M | $123.8M | ||
| Q3 24 | $234.5M | $63.3M | ||
| Q2 24 | $332.4M | $86.3M |
自由现金流率BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 12.2% | ||
| Q3 25 | 26.6% | 10.1% | ||
| Q2 25 | 32.4% | 11.2% | ||
| Q1 25 | 17.6% | -0.9% | ||
| Q4 24 | 36.4% | 19.0% | ||
| Q3 24 | 27.3% | 10.5% | ||
| Q2 24 | 39.1% | 13.6% |
资本支出强度BXPNVST
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.2% | ||
| Q3 25 | 4.9% | 1.6% | ||
| Q2 25 | 8.2% | 1.8% | ||
| Q1 25 | 6.6% | 1.0% | ||
| Q4 24 | 8.3% | 1.3% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 4.1% | 1.1% |
现金转化率BXPNVST
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.28× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 3.36× | ||
| Q1 25 | 3.43× | 0.02× | ||
| Q4 24 | — | 110.33× | ||
| Q3 24 | 3.42× | 8.62× | ||
| Q2 24 | 4.61× | — |
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% |
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
