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BXP, Inc.（BXP）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.7倍（$872.1M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 15.3%，领先3.6%），OUTFRONT Media Inc.同比增速更快（4.1% vs 0.8%），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
BXP vs OUT — 直观对比
营收规模更大
BXP
是对方的1.7倍
$513.3M
营收增速更快
OUT
高出3.3%
0.8%
净利率更高
OUT
高出3.6%
15.3%
两年增速更快
OUT
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $513.3M |
| 净利润 | $133.0M | $96.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 26.0% |
| 净利率 | 15.3% | 18.9% |
| 营收同比 | 0.8% | 4.1% |
| 净利润同比 | 53.0% | 30.8% |
| 每股收益（稀释后） | $1.69 | $0.57 |
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BXPOUT
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $513.3M | ||
| Q3 25 | $871.5M | $467.5M | ||
| Q2 25 | $868.5M | $460.2M | ||
| Q1 25 | $865.2M | $390.7M | ||
| Q4 24 | $858.6M | $493.2M | ||
| Q3 24 | $859.2M | $451.9M | ||
| Q2 24 | $850.5M | $477.3M |
净利润BXPOUT
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $96.8M | ||
| Q3 25 | $-121.7M | $51.3M | ||
| Q2 25 | $89.0M | $19.5M | ||
| Q1 25 | $61.2M | $-20.6M | ||
| Q4 24 | $-228.9M | $74.0M | ||
| Q3 24 | $83.6M | $34.6M | ||
| Q2 24 | $79.6M | $176.8M |
毛利率BXPOUT
| 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BXPOUT
| Q1 26 | — | — | ||
| Q4 25 | — | 26.0% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 48.0% |
净利率BXPOUT
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 18.9% | ||
| Q3 25 | -14.0% | 11.0% | ||
| Q2 25 | 10.2% | 4.2% | ||
| Q1 25 | 7.1% | -5.3% | ||
| Q4 24 | -26.7% | 15.0% | ||
| Q3 24 | 9.7% | 7.7% | ||
| Q2 24 | 9.4% | 37.0% |
每股收益（稀释后）BXPOUT
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.57 | ||
| Q3 25 | $-0.77 | $0.29 | ||
| Q2 25 | $0.56 | $0.10 | ||
| Q1 25 | $0.39 | $-0.14 | ||
| Q4 24 | $-1.46 | $0.49 | ||
| Q3 24 | $0.53 | $0.19 | ||
| Q2 24 | $0.51 | $1.01 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $710.4M |
| 总资产 | $25.1B | $5.3B |
| 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BXPOUT
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $99.9M | ||
| Q3 25 | $861.1M | $63.0M | ||
| Q2 25 | $447.0M | $28.5M | ||
| Q1 25 | $398.1M | $30.5M | ||
| Q4 24 | $1.3B | $46.9M | ||
| Q3 24 | $1.4B | $28.0M | ||
| Q2 24 | $685.4M | $49.6M |
股东权益BXPOUT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $710.4M | ||
| Q3 25 | $5.0B | $542.6M | ||
| Q2 25 | $5.3B | $539.1M | ||
| Q1 25 | $5.3B | $566.9M | ||
| Q4 24 | $5.4B | $649.0M | ||
| Q3 24 | $5.8B | $618.2M | ||
| Q2 24 | $5.8B | $664.9M |
总资产BXPOUT
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.3B | ||
| Q3 25 | $26.0B | $5.2B | ||
| Q2 25 | $25.6B | $5.1B | ||
| Q1 25 | $25.4B | $5.1B | ||
| Q4 24 | $26.1B | $5.2B | ||
| Q3 24 | $26.4B | $5.2B | ||
| Q2 24 | $25.5B | $5.3B |
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 | — | $118.1M |
| 自由现金流经营现金流 - 资本支出 | — | $93.3M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | 1.5% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $218.8M |
8季度趋势，按日历期对齐
经营现金流BXPOUT
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $118.1M | ||
| Q3 25 | $274.2M | $88.8M | ||
| Q2 25 | $353.1M | $67.1M | ||
| Q1 25 | $210.0M | $33.6M | ||
| Q4 24 | $383.7M | $124.5M | ||
| Q3 24 | $286.1M | $73.1M | ||
| Q2 24 | $367.1M | $71.0M |
自由现金流BXPOUT
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $93.3M | ||
| Q3 25 | $231.6M | $67.7M | ||
| Q2 25 | $281.5M | $41.4M | ||
| Q1 25 | $152.6M | $16.4M | ||
| Q4 24 | $312.5M | $106.3M | ||
| Q3 24 | $234.5M | $55.5M | ||
| Q2 24 | $332.4M | $47.1M |
自由现金流率BXPOUT
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 18.2% | ||
| Q3 25 | 26.6% | 14.5% | ||
| Q2 25 | 32.4% | 9.0% | ||
| Q1 25 | 17.6% | 4.2% | ||
| Q4 24 | 36.4% | 21.6% | ||
| Q3 24 | 27.3% | 12.3% | ||
| Q2 24 | 39.1% | 9.9% |
资本支出强度BXPOUT
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 4.8% | ||
| Q3 25 | 4.9% | 4.5% | ||
| Q2 25 | 8.2% | 5.6% | ||
| Q1 25 | 6.6% | 4.4% | ||
| Q4 24 | 8.3% | 3.7% | ||
| Q3 24 | 6.0% | 3.9% | ||
| Q2 24 | 4.1% | 5.0% |
现金转化率BXPOUT
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.22× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | 3.97× | 3.44× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 3.42× | 2.11× | ||
| Q2 24 | 4.61× | 0.40× |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
