vs
BXP, Inc.（BXP）与PINTEREST, INC.（PINS）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是BXP, Inc.的1.5倍（$1.3B vs $872.1M），PINTEREST, INC.净利率更高（21.0% vs 15.3%，领先5.8%），PINTEREST, INC.同比增速更快（14.3% vs 0.8%），过去两年PINTEREST, INC.的营收复合增速更高（33.5% 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。
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
BXP vs PINS — 直观对比
营收规模更大
PINS
是对方的1.5倍
$872.1M
营收增速更快
PINS
高出13.5%
0.8%
净利率更高
PINS
高出5.8%
15.3%
两年增速更快
PINS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.3B |
| 净利润 | $133.0M | $277.1M |
| 毛利率 | — | 82.8% |
| 营业利润率 | — | 22.8% |
| 净利率 | 15.3% | 21.0% |
| 营收同比 | 0.8% | 14.3% |
| 净利润同比 | 53.0% | -85.0% |
| 每股收益（稀释后） | $1.69 | $0.41 |
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BXPPINS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.3B | ||
| Q3 25 | $871.5M | $1.0B | ||
| Q2 25 | $868.5M | $998.2M | ||
| Q1 25 | $865.2M | $855.0M | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $898.4M | ||
| Q2 24 | $850.5M | $853.7M |
净利润BXPPINS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $277.1M | ||
| Q3 25 | $-121.7M | $92.1M | ||
| Q2 25 | $89.0M | $38.8M | ||
| Q1 25 | $61.2M | $8.9M | ||
| Q4 24 | $-228.9M | $1.8B | ||
| Q3 24 | $83.6M | $30.6M | ||
| Q2 24 | $79.6M | $8.9M |
毛利率BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 82.8% | ||
| Q3 25 | 59.3% | 79.8% | ||
| Q2 25 | 59.2% | 79.7% | ||
| Q1 25 | 59.2% | 76.7% | ||
| Q4 24 | 59.7% | 82.9% | ||
| Q3 24 | 59.5% | 79.1% | ||
| Q2 24 | 59.8% | 78.3% |
营业利润率BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | -0.4% | ||
| Q1 25 | — | -4.1% | ||
| Q4 24 | — | 22.7% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | -2.5% |
净利率BXPPINS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 21.0% | ||
| Q3 25 | -14.0% | 8.8% | ||
| Q2 25 | 10.2% | 3.9% | ||
| Q1 25 | 7.1% | 1.0% | ||
| Q4 24 | -26.7% | 160.1% | ||
| Q3 24 | 9.7% | 3.4% | ||
| Q2 24 | 9.4% | 1.0% |
每股收益（稀释后）BXPPINS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.41 | ||
| Q3 25 | $-0.77 | $0.13 | ||
| Q2 25 | $0.56 | $0.06 | ||
| Q1 25 | $0.39 | $0.01 | ||
| Q4 24 | $-1.46 | $2.66 | ||
| Q3 24 | $0.53 | $0.04 | ||
| Q2 24 | $0.51 | $0.01 |
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 | $969.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $4.7B |
| 总资产 | $25.1B | $5.5B |
| 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BXPPINS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $969.3M | ||
| 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 | $1.4B |
股东权益BXPPINS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.7B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $5.3B | $4.8B | ||
| Q1 25 | $5.3B | $4.7B | ||
| Q4 24 | $5.4B | $4.8B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $3.2B |
总资产BXPPINS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.5B | ||
| Q3 25 | $26.0B | $5.5B | ||
| Q2 25 | $25.6B | $5.4B | ||
| Q1 25 | $25.4B | $5.3B | ||
| Q4 24 | $26.1B | $5.3B | ||
| Q3 24 | $26.4B | $3.5B | ||
| Q2 24 | $25.5B | $3.7B |
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 | — | $391.2M |
| 自由现金流经营现金流 - 资本支出 | — | $380.4M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | 1.5% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $1.3B |
8季度趋势，按日历期对齐
经营现金流BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $391.2M | ||
| Q3 25 | $274.2M | $321.7M | ||
| Q2 25 | $353.1M | $207.7M | ||
| Q1 25 | $210.0M | $363.7M | ||
| Q4 24 | $383.7M | $254.0M | ||
| Q3 24 | $286.1M | $248.0M | ||
| Q2 24 | $367.1M | $106.4M |
自由现金流BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $380.4M | ||
| Q3 25 | $231.6M | $318.4M | ||
| Q2 25 | $281.5M | $196.7M | ||
| Q1 25 | $152.6M | $356.4M | ||
| Q4 24 | $312.5M | $250.2M | ||
| Q3 24 | $234.5M | $244.1M | ||
| Q2 24 | $332.4M | $101.6M |
自由现金流率BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 28.8% | ||
| Q3 25 | 26.6% | 30.3% | ||
| Q2 25 | 32.4% | 19.7% | ||
| Q1 25 | 17.6% | 41.7% | ||
| Q4 24 | 36.4% | 21.7% | ||
| Q3 24 | 27.3% | 27.2% | ||
| Q2 24 | 39.1% | 11.9% |
资本支出强度BXPPINS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | 4.9% | 0.3% | ||
| Q2 25 | 8.2% | 1.1% | ||
| Q1 25 | 6.6% | 0.9% | ||
| Q4 24 | 8.3% | 0.3% | ||
| Q3 24 | 6.0% | 0.4% | ||
| Q2 24 | 4.1% | 0.6% |
现金转化率BXPPINS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.41× | ||
| Q3 25 | — | 3.49× | ||
| Q2 25 | 3.97× | 5.36× | ||
| Q1 25 | 3.43× | 40.77× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | 3.42× | 8.12× | ||
| Q2 24 | 4.61× | 11.98× |
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% |
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
