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BXP, Inc.（BXP）与PATRICK INDUSTRIES INC（PATK）财务数据对比。点击上方公司名可切换其他公司
PATRICK INDUSTRIES INC的季度营收约是BXP, Inc.的1.1倍（$924.2M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 3.1%，领先12.1%），PATRICK INDUSTRIES INC同比增速更快（9.2% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -0.5%）
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。
安杜里尔工业是一家美国国防科技企业，专注于先进自主系统的研发，其技术产品多应用于国防安全相关领域，在智能防务解决方案赛道具备行业竞争力。
BXP vs PATK — 直观对比
营收规模更大
PATK
是对方的1.1倍
$872.1M
营收增速更快
PATK
高出8.4%
0.8%
净利率更高
BXP
高出12.1%
3.1%
两年增速更快
BXP
近两年复合增速
-0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $924.2M |
| 净利润 | $133.0M | $29.1M |
| 毛利率 | — | 23.0% |
| 营业利润率 | — | 6.2% |
| 净利率 | 15.3% | 3.1% |
| 营收同比 | 0.8% | 9.2% |
| 净利润同比 | 53.0% | 99.7% |
| 每股收益（稀释后） | $1.69 | $0.82 |
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BXPPATK
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $924.2M | ||
| Q3 25 | $871.5M | $975.6M | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $846.1M | ||
| Q3 24 | $859.2M | $919.4M | ||
| Q2 24 | $850.5M | $1.0B |
净利润BXPPATK
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $29.1M | ||
| Q3 25 | $-121.7M | $35.3M | ||
| Q2 25 | $89.0M | $32.4M | ||
| Q1 25 | $61.2M | $38.2M | ||
| Q4 24 | $-228.9M | $14.6M | ||
| Q3 24 | $83.6M | $40.9M | ||
| Q2 24 | $79.6M | $47.9M |
毛利率BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 23.0% | ||
| Q3 25 | 59.3% | 22.6% | ||
| Q2 25 | 59.2% | 23.9% | ||
| Q1 25 | 59.2% | 22.8% | ||
| Q4 24 | 59.7% | 22.1% | ||
| Q3 24 | 59.5% | 23.1% | ||
| Q2 24 | 59.8% | 22.8% |
营业利润率BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 8.3% |
净利率BXPPATK
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 3.1% | ||
| Q3 25 | -14.0% | 3.6% | ||
| Q2 25 | 10.2% | 3.1% | ||
| Q1 25 | 7.1% | 3.8% | ||
| Q4 24 | -26.7% | 1.7% | ||
| Q3 24 | 9.7% | 4.4% | ||
| Q2 24 | 9.4% | 4.7% |
每股收益（稀释后）BXPPATK
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.82 | ||
| Q3 25 | $-0.77 | $1.01 | ||
| Q2 25 | $0.56 | $0.96 | ||
| Q1 25 | $0.39 | $1.11 | ||
| Q4 24 | $-1.46 | $-1.44 | ||
| Q3 24 | $0.53 | $1.80 | ||
| Q2 24 | $0.51 | $2.16 |
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 | $26.4M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $7.7B | $1.2B |
| 总资产 | $25.1B | $3.1B |
| 负债/权益比越低杠杆越低 | — | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资BXPPATK
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $26.4M | ||
| Q3 25 | $861.1M | $20.7M | ||
| Q2 25 | $447.0M | $22.0M | ||
| Q1 25 | $398.1M | $86.6M | ||
| Q4 24 | $1.3B | $33.6M | ||
| Q3 24 | $1.4B | $52.6M | ||
| Q2 24 | $685.4M | $44.0M |
总债务BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPPATK
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.3B | $1.1B | ||
| Q1 25 | $5.3B | $1.1B | ||
| Q4 24 | $5.4B | $1.1B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPPATK
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.1B | ||
| Q3 25 | $26.0B | $3.1B | ||
| Q2 25 | $25.6B | $3.1B | ||
| Q1 25 | $25.4B | $3.2B | ||
| Q4 24 | $26.1B | $3.0B | ||
| Q3 24 | $26.4B | $3.1B | ||
| Q2 24 | $25.5B | $3.0B |
负债/权益比BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| 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 | — | $130.8M |
| 自由现金流经营现金流 - 资本支出 | — | $112.7M |
| 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% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 4.50× |
| 过去12个月自由现金流最近4个季度 | — | $246.5M |
8季度趋势，按日历期对齐
经营现金流BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $130.8M | ||
| Q3 25 | $274.2M | $9.1M | ||
| Q2 25 | $353.1M | $149.4M | ||
| Q1 25 | $210.0M | $40.1M | ||
| Q4 24 | $383.7M | $102.7M | ||
| Q3 24 | $286.1M | $51.5M | ||
| Q2 24 | $367.1M | $137.5M |
自由现金流BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $112.7M | ||
| Q3 25 | $231.6M | $-17.2M | ||
| Q2 25 | $281.5M | $131.1M | ||
| Q1 25 | $152.6M | $19.9M | ||
| Q4 24 | $312.5M | $77.2M | ||
| Q3 24 | $234.5M | $33.7M | ||
| Q2 24 | $332.4M | $120.6M |
自由现金流率BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 12.2% | ||
| Q3 25 | 26.6% | -1.8% | ||
| Q2 25 | 32.4% | 12.5% | ||
| Q1 25 | 17.6% | 2.0% | ||
| Q4 24 | 36.4% | 9.1% | ||
| Q3 24 | 27.3% | 3.7% | ||
| Q2 24 | 39.1% | 11.9% |
资本支出强度BXPPATK
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 4.9% | 2.7% | ||
| Q2 25 | 8.2% | 1.7% | ||
| Q1 25 | 6.6% | 2.0% | ||
| Q4 24 | 8.3% | 3.0% | ||
| Q3 24 | 6.0% | 1.9% | ||
| Q2 24 | 4.1% | 1.7% |
现金转化率BXPPATK
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 4.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 3.97× | 4.61× | ||
| Q1 25 | 3.43× | 1.05× | ||
| Q4 24 | — | 7.05× | ||
| Q3 24 | 3.42× | 1.26× | ||
| Q2 24 | 4.61× | 2.87× |
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% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
