vs
BXP, Inc.（BXP）与百济神州（ONC）财务数据对比。点击上方公司名可切换其他公司
百济神州的季度营收约是BXP, Inc.的1.7倍（$1.5B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 4.4%，领先10.8%），百济神州同比增速更快（32.8% vs 0.8%），过去两年百济神州的营收复合增速更高（41.2% 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。
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
BXP vs ONC — 直观对比
营收规模更大
ONC
是对方的1.7倍
$872.1M
营收增速更快
ONC
高出32.0%
0.8%
净利率更高
BXP
高出10.8%
4.4%
两年增速更快
ONC
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.5B |
| 净利润 | $133.0M | $66.5M |
| 毛利率 | — | 90.5% |
| 营业利润率 | — | 12.4% |
| 净利率 | 15.3% | 4.4% |
| 营收同比 | 0.8% | 32.8% |
| 净利润同比 | 53.0% | 143.8% |
| 每股收益（稀释后） | $1.69 | $0.05 |
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BXPONC
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.5B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $1.1B | ||
| Q3 24 | $859.2M | $1.0B | ||
| Q2 24 | $850.5M | $929.2M |
净利润BXPONC
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $66.5M | ||
| Q3 25 | $-121.7M | $124.8M | ||
| Q2 25 | $89.0M | $94.3M | ||
| Q1 25 | $61.2M | $1.3M | ||
| Q4 24 | $-228.9M | $-151.9M | ||
| Q3 24 | $83.6M | $-121.3M | ||
| Q2 24 | $79.6M | $-120.4M |
毛利率BXPONC
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 90.5% | ||
| Q3 25 | 59.3% | 86.1% | ||
| Q2 25 | 59.2% | 87.5% | ||
| Q1 25 | 59.2% | 85.2% | ||
| Q4 24 | 59.7% | 85.8% | ||
| Q3 24 | 59.5% | 83.0% | ||
| Q2 24 | 59.8% | 85.1% |
营业利润率BXPONC
| Q1 26 | — | — | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | — | -12.0% | ||
| Q2 24 | — | -11.5% |
净利率BXPONC
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.4% | ||
| Q3 25 | -14.0% | 8.8% | ||
| Q2 25 | 10.2% | 7.2% | ||
| Q1 25 | 7.1% | 0.1% | ||
| Q4 24 | -26.7% | -13.5% | ||
| Q3 24 | 9.7% | -12.1% | ||
| Q2 24 | 9.4% | -13.0% |
每股收益（稀释后）BXPONC
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.05 | ||
| Q3 25 | $-0.77 | $0.08 | ||
| Q2 25 | $0.56 | $0.06 | ||
| Q1 25 | $0.39 | $0.00 | ||
| Q4 24 | $-1.46 | $-0.10 | ||
| Q3 24 | $0.53 | $-0.09 | ||
| Q2 24 | $0.51 | $-0.09 |
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 | $4.5B |
| 总债务越低越好 | — | $836.4M |
| 股东权益账面价值 | $7.7B | $4.4B |
| 总资产 | $25.1B | $8.2B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BXPONC
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $4.5B | ||
| Q3 25 | $861.1M | $4.0B | ||
| Q2 25 | $447.0M | $2.8B | ||
| Q1 25 | $398.1M | $2.5B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $685.4M | $2.6B |
总债务BXPONC
| Q1 26 | — | — | ||
| Q4 25 | — | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPONC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.4B | ||
| Q3 25 | $5.0B | $4.1B | ||
| Q2 25 | $5.3B | $3.8B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $5.4B | $3.3B | ||
| Q3 24 | $5.8B | $3.4B | ||
| Q2 24 | $5.8B | $3.4B |
总资产BXPONC
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.2B | ||
| Q3 25 | $26.0B | $7.6B | ||
| Q2 25 | $25.6B | $6.3B | ||
| Q1 25 | $25.4B | $5.8B | ||
| Q4 24 | $26.1B | $5.9B | ||
| Q3 24 | $26.4B | $5.8B | ||
| Q2 24 | $25.5B | $5.7B |
负债/权益比BXPONC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $417.3M |
| 自由现金流经营现金流 - 资本支出 | — | $379.8M |
| 自由现金流率自由现金流/营收 | — | 25.4% |
| 资本支出强度资本支出/营收 | 1.5% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 6.28× |
| 过去12个月自由现金流最近4个季度 | — | $941.7M |
8季度趋势，按日历期对齐
经营现金流BXPONC
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $417.3M | ||
| Q3 25 | $274.2M | $402.6M | ||
| Q2 25 | $353.1M | $263.6M | ||
| Q1 25 | $210.0M | $44.1M | ||
| Q4 24 | $383.7M | $75.2M | ||
| Q3 24 | $286.1M | $188.4M | ||
| Q2 24 | $367.1M | $-95.6M |
自由现金流BXPONC
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $379.8M | ||
| Q3 25 | $231.6M | $354.5M | ||
| Q2 25 | $281.5M | $219.8M | ||
| Q1 25 | $152.6M | $-12.3M | ||
| Q4 24 | $312.5M | $-17.3M | ||
| Q3 24 | $234.5M | $54.7M | ||
| Q2 24 | $332.4M | $-205.5M |
自由现金流率BXPONC
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 25.4% | ||
| Q3 25 | 26.6% | 25.1% | ||
| Q2 25 | 32.4% | 16.7% | ||
| Q1 25 | 17.6% | -1.1% | ||
| Q4 24 | 36.4% | -1.5% | ||
| Q3 24 | 27.3% | 5.5% | ||
| Q2 24 | 39.1% | -22.1% |
资本支出强度BXPONC
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.5% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 8.2% | 3.3% | ||
| Q1 25 | 6.6% | 5.0% | ||
| Q4 24 | 8.3% | 8.2% | ||
| Q3 24 | 6.0% | 13.3% | ||
| Q2 24 | 4.1% | 11.8% |
现金转化率BXPONC
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 6.28× | ||
| Q3 25 | — | 3.22× | ||
| Q2 25 | 3.97× | 2.79× | ||
| Q1 25 | 3.43× | 34.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| 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% |
ONC
暂无分部数据
