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BXP, Inc.（BXP）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是BXP, Inc.的1.9倍（$1.7B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -2.8%，领先18.1%），北极星同比增速更快（8.0% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -8.0%）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
BXP vs PII — 直观对比
营收规模更大
PII
是对方的1.9倍
$872.1M
营收增速更快
PII
高出7.2%
0.8%
净利率更高
BXP
高出18.1%
-2.8%
两年增速更快
BXP
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.7B |
| 净利润 | $133.0M | $-47.2M |
| 毛利率 | — | 20.2% |
| 营业利润率 | — | 76.5% |
| 净利率 | 15.3% | -2.8% |
| 营收同比 | 0.8% | 8.0% |
| 净利润同比 | 53.0% | 29.0% |
| 每股收益（稀释后） | $1.69 | $-0.83 |
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BXPPII
| Q1 26 | $872.1M | $1.7B | ||
| Q4 25 | $877.1M | $1.9B | ||
| Q3 25 | $871.5M | $1.8B | ||
| Q2 25 | $868.5M | $1.9B | ||
| Q1 25 | $865.2M | $1.5B | ||
| Q4 24 | $858.6M | $1.8B | ||
| Q3 24 | $859.2M | $1.7B | ||
| Q2 24 | $850.5M | $2.0B |
净利润BXPPII
| Q1 26 | $133.0M | $-47.2M | ||
| Q4 25 | $248.4M | $-303.6M | ||
| Q3 25 | $-121.7M | $-15.8M | ||
| Q2 25 | $89.0M | $-79.3M | ||
| Q1 25 | $61.2M | $-66.8M | ||
| Q4 24 | $-228.9M | $10.6M | ||
| Q3 24 | $83.6M | $27.7M | ||
| Q2 24 | $79.6M | $68.7M |
毛利率BXPPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | 58.8% | 20.0% | ||
| Q3 25 | 59.3% | 20.7% | ||
| Q2 25 | 59.2% | 19.4% | ||
| Q1 25 | 59.2% | 16.0% | ||
| Q4 24 | 59.7% | 20.4% | ||
| Q3 24 | 59.5% | 20.6% | ||
| Q2 24 | 59.8% | 21.6% |
营业利润率BXPPII
| Q1 26 | — | 76.5% | ||
| Q4 25 | — | -16.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 6.1% |
净利率BXPPII
| Q1 26 | 15.3% | -2.8% | ||
| Q4 25 | 28.3% | -15.8% | ||
| Q3 25 | -14.0% | -0.9% | ||
| Q2 25 | 10.2% | -4.3% | ||
| Q1 25 | 7.1% | -4.3% | ||
| Q4 24 | -26.7% | 0.6% | ||
| Q3 24 | 9.7% | 1.6% | ||
| Q2 24 | 9.4% | 3.5% |
每股收益（稀释后）BXPPII
| Q1 26 | $1.69 | $-0.83 | ||
| Q4 25 | $1.56 | $-5.34 | ||
| Q3 25 | $-0.77 | $-0.28 | ||
| Q2 25 | $0.56 | $-1.39 | ||
| Q1 25 | $0.39 | $-1.17 | ||
| Q4 24 | $-1.46 | $0.18 | ||
| Q3 24 | $0.53 | $0.49 | ||
| Q2 24 | $0.51 | $1.21 |
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 | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $750.4M |
| 总资产 | $25.1B | $5.2B |
| 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BXPPII
| Q1 26 | $512.8M | $282.0M | ||
| Q4 25 | $1.5B | $138.0M | ||
| Q3 25 | $861.1M | $335.5M | ||
| Q2 25 | $447.0M | $324.3M | ||
| Q1 25 | $398.1M | $291.7M | ||
| Q4 24 | $1.3B | $287.8M | ||
| Q3 24 | $1.4B | $291.3M | ||
| Q2 24 | $685.4M | $322.7M |
总债务BXPPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益BXPPII
| Q1 26 | $7.7B | $750.4M | ||
| Q4 25 | $5.1B | $828.4M | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $5.3B | $1.2B | ||
| Q1 25 | $5.3B | $1.2B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.3B |
总资产BXPPII
| Q1 26 | $25.1B | $5.2B | ||
| Q4 25 | $26.2B | $4.9B | ||
| Q3 25 | $26.0B | $5.3B | ||
| Q2 25 | $25.6B | $5.4B | ||
| Q1 25 | $25.4B | $5.5B | ||
| Q4 24 | $26.1B | $5.5B | ||
| Q3 24 | $26.4B | $5.6B | ||
| Q2 24 | $25.5B | $5.7B |
负债/权益比BXPPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | — | $-342.5M |
| 自由现金流率自由现金流/营收 | — | -20.6% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流BXPPII
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $178.7M | ||
| Q3 25 | $274.2M | $158.8M | ||
| Q2 25 | $353.1M | $320.3M | ||
| Q1 25 | $210.0M | $83.2M | ||
| Q4 24 | $383.7M | $206.3M | ||
| Q3 24 | $286.1M | $21.0M | ||
| Q2 24 | $367.1M | $146.3M |
自由现金流BXPPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | $362.7M | $114.0M | ||
| Q3 25 | $231.6M | $116.7M | ||
| Q2 25 | $281.5M | $279.8M | ||
| Q1 25 | $152.6M | $47.6M | ||
| Q4 24 | $312.5M | $137.3M | ||
| Q3 24 | $234.5M | $-32.4M | ||
| Q2 24 | $332.4M | $79.1M |
自由现金流率BXPPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | 41.4% | 5.9% | ||
| Q3 25 | 26.6% | 6.3% | ||
| Q2 25 | 32.4% | 15.1% | ||
| Q1 25 | 17.6% | 3.1% | ||
| Q4 24 | 36.4% | 7.8% | ||
| Q3 24 | 27.3% | -1.9% | ||
| Q2 24 | 39.1% | 4.0% |
资本支出强度BXPPII
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.4% | ||
| Q3 25 | 4.9% | 2.3% | ||
| Q2 25 | 8.2% | 2.2% | ||
| Q1 25 | 6.6% | 2.3% | ||
| Q4 24 | 8.3% | 3.9% | ||
| Q3 24 | 6.0% | 3.1% | ||
| Q2 24 | 4.1% | 3.4% |
现金转化率BXPPII
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | 3.42× | 0.76× | ||
| Q2 24 | 4.61× | 2.13× |
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% |
PII
暂无分部数据
