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BXP, Inc.（BXP）与Piedmont Realty Trust, Inc.（PDM）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Piedmont Realty Trust, Inc.的6.1倍（$877.1M vs $142.9M）。BXP, Inc.净利率更高（28.3% vs -30.3%，领先58.6%）。BXP, Inc.同比增速更快（2.2% vs -0.3%）。过去两年BXP, Inc.的营收复合增速更高（2.2% vs -0.6%）
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。
Piedmont Realty Trust是一家公开上市的房地产投资信托（REIT），主要持有、运营和投资美国高增长大都会区的优质写字楼资产，服务科技、专业服务、医疗等多个行业的企业租户，通过战略资产管理和投资组合优化为利益相关方提供稳定长期回报。
BXP vs PDM — 直观对比
营收规模更大
BXP
是对方的6.1倍
$142.9M
营收增速更快
BXP
高出2.4%
-0.3%
净利率更高
BXP
高出58.6%
-30.3%
两年增速更快
BXP
近两年复合增速
-0.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $877.1M | $142.9M |
| 净利润 | $248.4M | $-43.2M |
| 毛利率 | 58.8% | — |
| 营业利润率 | — | — |
| 净利率 | 28.3% | -30.3% |
| 营收同比 | 2.2% | -0.3% |
| 净利润同比 | 208.5% | -44.3% |
| 每股收益（稀释后） | $1.56 | $-0.34 |
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BXPPDM
| Q4 25 | $877.1M | $142.9M | ||
| Q3 25 | $871.5M | $139.2M | ||
| Q2 25 | $868.5M | $140.3M | ||
| Q1 25 | $865.2M | $142.7M | ||
| Q4 24 | $858.6M | $143.2M | ||
| Q3 24 | $859.2M | $139.3M | ||
| Q2 24 | $850.5M | $143.3M | ||
| Q1 24 | $839.4M | $144.5M |
净利润BXPPDM
| Q4 25 | $248.4M | $-43.2M | ||
| Q3 25 | $-121.7M | $-13.5M | ||
| Q2 25 | $89.0M | $-16.8M | ||
| Q1 25 | $61.2M | $-10.1M | ||
| Q4 24 | $-228.9M | $-30.0M | ||
| Q3 24 | $83.6M | $-11.5M | ||
| Q2 24 | $79.6M | $-9.8M | ||
| Q1 24 | $79.9M | $-27.8M |
毛利率BXPPDM
| 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% | — | ||
| Q1 24 | 60.6% | — |
净利率BXPPDM
| Q4 25 | 28.3% | -30.3% | ||
| Q3 25 | -14.0% | -9.7% | ||
| Q2 25 | 10.2% | -12.0% | ||
| Q1 25 | 7.1% | -7.1% | ||
| Q4 24 | -26.7% | -20.9% | ||
| Q3 24 | 9.7% | -8.3% | ||
| Q2 24 | 9.4% | -6.8% | ||
| Q1 24 | 9.5% | -19.2% |
每股收益（稀释后）BXPPDM
| Q4 25 | $1.56 | $-0.34 | ||
| Q3 25 | $-0.77 | $-0.11 | ||
| Q2 25 | $0.56 | $-0.14 | ||
| Q1 25 | $0.39 | $-0.08 | ||
| Q4 24 | $-1.46 | $-0.25 | ||
| Q3 24 | $0.53 | $-0.09 | ||
| Q2 24 | $0.51 | $-0.08 | ||
| Q1 24 | $0.51 | $-0.22 |
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 | $1.5B | $731.0K |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $5.1B | $1.5B |
| 总资产 | $26.2B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 1.49× |
8季度趋势，按日历期对齐
现金及短期投资BXPPDM
| Q4 25 | $1.5B | $731.0K | ||
| Q3 25 | $861.1M | $3.0M | ||
| Q2 25 | $447.0M | $3.3M | ||
| Q1 25 | $398.1M | $2.9M | ||
| Q4 24 | $1.3B | $109.6M | ||
| Q3 24 | $1.4B | $133.6M | ||
| Q2 24 | $685.4M | $138.5M | ||
| Q1 24 | $701.7M | $3.5M |
总债务BXPPDM
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益BXPPDM
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.3B | $1.5B | ||
| Q1 25 | $5.3B | $1.6B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.6B | ||
| Q2 24 | $5.8B | $1.7B | ||
| Q1 24 | $5.9B | $1.7B |
总资产BXPPDM
| Q4 25 | $26.2B | $4.0B | ||
| Q3 25 | $26.0B | $4.0B | ||
| Q2 25 | $25.6B | $4.0B | ||
| Q1 25 | $25.4B | $4.0B | ||
| Q4 24 | $26.1B | $4.1B | ||
| Q3 24 | $26.4B | $4.1B | ||
| Q2 24 | $25.5B | $4.2B | ||
| Q1 24 | $25.5B | $4.0B |
负债/权益比BXPPDM
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $407.8M | $50.9M |
| 自由现金流经营现金流 - 资本支出 | $362.7M | — |
| 自由现金流率自由现金流/营收 | 41.4% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流BXPPDM
| Q4 25 | $407.8M | $50.9M | ||
| Q3 25 | $274.2M | $35.8M | ||
| Q2 25 | $353.1M | $50.1M | ||
| Q1 25 | $210.0M | $3.7M | ||
| Q4 24 | $383.7M | $65.0M | ||
| Q3 24 | $286.1M | $42.9M | ||
| Q2 24 | $367.1M | $66.8M | ||
| Q1 24 | $197.6M | $23.4M |
自由现金流BXPPDM
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — | ||
| Q1 24 | $165.5M | — |
自由现金流率BXPPDM
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — | ||
| Q1 24 | 19.7% | — |
资本支出强度BXPPDM
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 3.8% | — |
现金转化率BXPPDM
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — | ||
| Q1 24 | 2.47× | — |
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
暂无分部数据
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
