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BXP, Inc.（BXP）与OPPENHEIMER HOLDINGS INC（OPY）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OPPENHEIMER HOLDINGS INC的1.8倍（$872.1M vs $472.6M），OPPENHEIMER HOLDINGS INC净利率更高（15.7% vs 15.3%，领先0.5%），OPPENHEIMER HOLDINGS INC同比增速更快（25.9% vs 0.8%），过去两年OPPENHEIMER HOLDINGS INC的营收复合增速更高（15.7% 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。
奥本海默控股是一家美国跨国独立投资银行与金融服务企业，面向全球客户提供投资银行、财务咨询、资本市场、资产管理及财富管理等相关产品与服务，目前总部设于纽约市宽街85号。
BXP vs OPY — 直观对比
营收规模更大
BXP
是对方的1.8倍
$472.6M
营收增速更快
OPY
高出25.1%
0.8%
净利率更高
OPY
高出0.5%
15.3%
两年增速更快
OPY
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $472.6M |
| 净利润 | $133.0M | $74.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 22.4% |
| 净利率 | 15.3% | 15.7% |
| 营收同比 | 0.8% | 25.9% |
| 净利润同比 | 53.0% | 593.1% |
| 每股收益（稀释后） | $1.69 | $6.51 |
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BXPOPY
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $472.6M | ||
| Q3 25 | $871.5M | $424.4M | ||
| Q2 25 | $868.5M | $373.2M | ||
| Q1 25 | $865.2M | $367.8M | ||
| Q4 24 | $858.6M | $375.4M | ||
| Q3 24 | $859.2M | $373.4M | ||
| Q2 24 | $850.5M | $330.6M |
净利润BXPOPY
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $74.4M | ||
| Q3 25 | $-121.7M | $21.7M | ||
| Q2 25 | $89.0M | $21.7M | ||
| Q1 25 | $61.2M | $30.7M | ||
| Q4 24 | $-228.9M | $10.7M | ||
| Q3 24 | $83.6M | $24.5M | ||
| Q2 24 | $79.6M | $10.3M |
毛利率BXPOPY
| 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BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 9.5% | ||
| Q2 24 | — | 4.8% |
净利率BXPOPY
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 15.7% | ||
| Q3 25 | -14.0% | 5.1% | ||
| Q2 25 | 10.2% | 5.8% | ||
| Q1 25 | 7.1% | 8.3% | ||
| Q4 24 | -26.7% | 2.9% | ||
| Q3 24 | 9.7% | 6.6% | ||
| Q2 24 | 9.4% | 3.1% |
每股收益（稀释后）BXPOPY
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $6.51 | ||
| Q3 25 | $-0.77 | $1.90 | ||
| Q2 25 | $0.56 | $1.91 | ||
| Q1 25 | $0.39 | $2.72 | ||
| Q4 24 | $-1.46 | $0.92 | ||
| Q3 24 | $0.53 | $2.16 | ||
| Q2 24 | $0.51 | $0.92 |
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 | $38.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $983.8M |
| 总资产 | $25.1B | $3.7B |
| 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BXPOPY
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $38.4M | ||
| Q3 25 | $861.1M | $38.3M | ||
| Q2 25 | $447.0M | $37.6M | ||
| Q1 25 | $398.1M | $36.7M | ||
| Q4 24 | $1.3B | $33.1M | ||
| Q3 24 | $1.4B | $32.2M | ||
| Q2 24 | $685.4M | $33.2M |
总债务BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $112.8M | ||
| Q2 24 | — | $112.8M |
股东权益BXPOPY
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $983.8M | ||
| Q3 25 | $5.0B | $920.3M | ||
| Q2 25 | $5.3B | $896.9M | ||
| Q1 25 | $5.3B | $872.3M | ||
| Q4 24 | $5.4B | $850.4M | ||
| Q3 24 | $5.8B | $837.8M | ||
| Q2 24 | $5.8B | $812.1M |
总资产BXPOPY
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.7B | ||
| Q3 25 | $26.0B | $3.8B | ||
| Q2 25 | $25.6B | $3.7B | ||
| Q1 25 | $25.4B | $3.6B | ||
| Q4 24 | $26.1B | $3.4B | ||
| Q3 24 | $26.4B | $3.4B | ||
| Q2 24 | $25.5B | $3.3B |
负债/权益比BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | — | $188.8M |
| 自由现金流经营现金流 - 资本支出 | — | $183.6M |
| 自由现金流率自由现金流/营收 | — | 38.8% |
| 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 | — | 2.54× |
| 过去12个月自由现金流最近4个季度 | — | $191.3M |
8季度趋势，按日历期对齐
经营现金流BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $188.8M | ||
| Q3 25 | $274.2M | $63.4M | ||
| Q2 25 | $353.1M | $40.1M | ||
| Q1 25 | $210.0M | $-91.7M | ||
| Q4 24 | $383.7M | $-108.2M | ||
| Q3 24 | $286.1M | $11.4M | ||
| Q2 24 | $367.1M | $-115.3M |
自由现金流BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $183.6M | ||
| Q3 25 | $231.6M | $62.2M | ||
| Q2 25 | $281.5M | $38.9M | ||
| Q1 25 | $152.6M | $-93.4M | ||
| Q4 24 | $312.5M | $-113.3M | ||
| Q3 24 | $234.5M | $11.2M | ||
| Q2 24 | $332.4M | $-116.7M |
自由现金流率BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 38.8% | ||
| Q3 25 | 26.6% | 14.7% | ||
| Q2 25 | 32.4% | 10.4% | ||
| Q1 25 | 17.6% | -25.4% | ||
| Q4 24 | 36.4% | -30.2% | ||
| Q3 24 | 27.3% | 3.0% | ||
| Q2 24 | 39.1% | -35.3% |
资本支出强度BXPOPY
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 8.2% | 0.3% | ||
| Q1 25 | 6.6% | 0.5% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 0.1% | ||
| Q2 24 | 4.1% | 0.4% |
现金转化率BXPOPY
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.54× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | 3.97× | 1.85× | ||
| Q1 25 | 3.43× | -2.99× | ||
| Q4 24 | — | -10.08× | ||
| Q3 24 | 3.42× | 0.47× | ||
| Q2 24 | 4.61× | -11.23× |
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% |
OPY
| Advisory Fees | $166.6M | 35% |
| Capital Markets Segment | $155.5M | 33% |
| Other | $57.2M | 12% |
| Commissions From Sales And Trading | $52.9M | 11% |
| Bank Deposit Sweep Income | $27.7M | 6% |
| Mutual Fund Income | $8.9M | 2% |
| Investment Banking Capital Markets | $3.3M | 1% |
