vs
BXP, Inc.（BXP）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是BXP, Inc.的1.5倍（$1.3B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 12.7%，领先2.6%），BXP, Inc.同比增速更快（0.8% vs -0.6%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
BXP vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.5倍
$872.1M
营收增速更快
BXP
高出1.4%
-0.6%
净利率更高
BXP
高出2.6%
12.7%
两年增速更快
BXP
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.3B |
| 净利润 | $133.0M | $168.1M |
| 毛利率 | — | 74.0% |
| 营业利润率 | — | 22.0% |
| 净利率 | 15.3% | 12.7% |
| 营收同比 | 0.8% | -0.6% |
| 净利润同比 | 53.0% | -26.9% |
| 每股收益（稀释后） | $1.69 | $0.66 |
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BXPOTEX
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.3B | ||
| Q3 25 | $871.5M | $1.3B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.3B | ||
| Q4 24 | $858.6M | $1.3B | ||
| Q3 24 | $859.2M | $1.3B | ||
| Q2 24 | $850.5M | $1.4B |
净利润BXPOTEX
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $168.1M | ||
| Q3 25 | $-121.7M | $146.6M | ||
| Q2 25 | $89.0M | $28.8M | ||
| Q1 25 | $61.2M | $92.8M | ||
| Q4 24 | $-228.9M | $229.9M | ||
| Q3 24 | $83.6M | $84.4M | ||
| Q2 24 | $79.6M | $248.2M |
毛利率BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 74.0% | ||
| Q3 25 | 59.3% | 72.8% | ||
| Q2 25 | 59.2% | 72.3% | ||
| Q1 25 | 59.2% | 71.6% | ||
| Q4 24 | 59.7% | 73.3% | ||
| Q3 24 | 59.5% | 71.7% | ||
| Q2 24 | 59.8% | 72.5% |
营业利润率BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 14.2% |
净利率BXPOTEX
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 12.7% | ||
| Q3 25 | -14.0% | 11.4% | ||
| Q2 25 | 10.2% | 2.2% | ||
| Q1 25 | 7.1% | 7.4% | ||
| Q4 24 | -26.7% | 17.2% | ||
| Q3 24 | 9.7% | 6.6% | ||
| Q2 24 | 9.4% | 18.2% |
每股收益（稀释后）BXPOTEX
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.66 | ||
| Q3 25 | $-0.77 | $0.58 | ||
| Q2 25 | $0.56 | $0.11 | ||
| Q1 25 | $0.39 | $0.35 | ||
| Q4 24 | $-1.46 | $0.87 | ||
| Q3 24 | $0.53 | $0.32 | ||
| Q2 24 | $0.51 | $0.91 |
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 | $1.3B |
| 总债务越低越好 | — | $6.4B |
| 股东权益账面价值 | $7.7B | $4.0B |
| 总资产 | $25.1B | $13.6B |
| 负债/权益比越低杠杆越低 | — | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资BXPOTEX
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $861.1M | $1.1B | ||
| Q2 25 | $447.0M | $1.2B | ||
| Q1 25 | $398.1M | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $685.4M | $1.3B |
总债务BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B |
股东权益BXPOTEX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.0B | ||
| Q3 25 | $5.0B | $4.0B | ||
| Q2 25 | $5.3B | $3.9B | ||
| Q1 25 | $5.3B | $4.1B | ||
| Q4 24 | $5.4B | $4.2B | ||
| Q3 24 | $5.8B | $4.1B | ||
| Q2 24 | $5.8B | $4.2B |
总资产BXPOTEX
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $13.6B | ||
| Q3 25 | $26.0B | $13.5B | ||
| Q2 25 | $25.6B | $13.8B | ||
| Q1 25 | $25.4B | $13.8B | ||
| Q4 24 | $26.1B | $13.7B | ||
| Q3 24 | $26.4B | $13.8B | ||
| Q2 24 | $25.5B | $14.2B |
负债/权益比BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× |
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 | — | $318.7M |
| 自由现金流经营现金流 - 资本支出 | — | $279.4M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | 1.5% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.90× |
| 过去12个月自由现金流最近4个季度 | — | $878.5M |
8季度趋势，按日历期对齐
经营现金流BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $318.7M | ||
| Q3 25 | $274.2M | $147.8M | ||
| Q2 25 | $353.1M | $158.2M | ||
| Q1 25 | $210.0M | $402.2M | ||
| Q4 24 | $383.7M | $348.0M | ||
| Q3 24 | $286.1M | $-77.8M | ||
| Q2 24 | $367.1M | $185.2M |
自由现金流BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $279.4M | ||
| Q3 25 | $231.6M | $101.2M | ||
| Q2 25 | $281.5M | $124.0M | ||
| Q1 25 | $152.6M | $373.8M | ||
| Q4 24 | $312.5M | $306.7M | ||
| Q3 24 | $234.5M | $-117.1M | ||
| Q2 24 | $332.4M | $145.2M |
自由现金流率BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 21.1% | ||
| Q3 25 | 26.6% | 7.9% | ||
| Q2 25 | 32.4% | 9.5% | ||
| Q1 25 | 17.6% | 29.8% | ||
| Q4 24 | 36.4% | 23.0% | ||
| Q3 24 | 27.3% | -9.2% | ||
| Q2 24 | 39.1% | 10.7% |
资本支出强度BXPOTEX
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.0% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 8.2% | 2.6% | ||
| Q1 25 | 6.6% | 2.3% | ||
| Q4 24 | 8.3% | 3.1% | ||
| Q3 24 | 6.0% | 3.1% | ||
| Q2 24 | 4.1% | 2.9% |
现金转化率BXPOTEX
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 3.97× | 5.49× | ||
| Q1 25 | 3.43× | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | 3.42× | -0.92× | ||
| Q2 24 | 4.61× | 0.75× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
