vs
BXP, Inc.（BXP）与Playtika Holding Corp.（PLTK）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Playtika Holding Corp.的1.3倍（$872.1M vs $678.8M），BXP, Inc.净利率更高（15.3% vs -45.6%，领先60.8%），Playtika Holding Corp.同比增速更快（4.4% vs 0.8%），过去两年Playtika Holding Corp.的营收复合增速更高（2.1% 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。
Playtika Holding Corp是一家专注于移动端游戏开发与发行的以色列数字娱乐企业，主打休闲社交类手游产品，在全球拥有庞大用户群体。截至2021年，该公司月活跃用户规模已经突破3500万，是行业内影响力突出的移动游戏厂商。
BXP vs PLTK — 直观对比
营收规模更大
BXP
是对方的1.3倍
$678.8M
营收增速更快
PLTK
高出3.6%
0.8%
净利率更高
BXP
高出60.8%
-45.6%
两年增速更快
PLTK
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $678.8M |
| 净利润 | $133.0M | $-309.3M |
| 毛利率 | — | 72.5% |
| 营业利润率 | — | -41.4% |
| 净利率 | 15.3% | -45.6% |
| 营收同比 | 0.8% | 4.4% |
| 净利润同比 | 53.0% | -1752.1% |
| 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BXPPLTK
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $678.8M | ||
| Q3 25 | $871.5M | $674.6M | ||
| Q2 25 | $868.5M | $696.0M | ||
| Q1 25 | $865.2M | $706.0M | ||
| Q4 24 | $858.6M | $650.3M | ||
| Q3 24 | $859.2M | $620.8M | ||
| Q2 24 | $850.5M | $627.0M |
净利润BXPPLTK
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-309.3M | ||
| Q3 25 | $-121.7M | $39.1M | ||
| Q2 25 | $89.0M | $33.2M | ||
| Q1 25 | $61.2M | $30.6M | ||
| Q4 24 | $-228.9M | $-16.7M | ||
| Q3 24 | $83.6M | $39.3M | ||
| Q2 24 | $79.6M | $86.6M |
毛利率BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 72.5% | ||
| Q3 25 | 59.3% | 73.6% | ||
| Q2 25 | 59.2% | 71.9% | ||
| Q1 25 | 59.2% | 72.0% | ||
| Q4 24 | 59.7% | 72.5% | ||
| Q3 24 | 59.5% | 72.9% | ||
| Q2 24 | 59.8% | 73.2% |
营业利润率BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | — | -41.4% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 22.4% |
净利率BXPPLTK
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -45.6% | ||
| Q3 25 | -14.0% | 5.8% | ||
| Q2 25 | 10.2% | 4.8% | ||
| Q1 25 | 7.1% | 4.3% | ||
| Q4 24 | -26.7% | -2.6% | ||
| Q3 24 | 9.7% | 6.3% | ||
| Q2 24 | 9.4% | 13.8% |
每股收益（稀释后）BXPPLTK
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.83 | ||
| Q3 25 | $-0.77 | $0.11 | ||
| Q2 25 | $0.56 | $0.09 | ||
| Q1 25 | $0.39 | $0.08 | ||
| Q4 24 | $-1.46 | $-0.04 | ||
| Q3 24 | $0.53 | $0.11 | ||
| Q2 24 | $0.51 | $0.23 |
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 | $684.2M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $7.7B | $-411.4M |
| 总资产 | $25.1B | $3.7B |
| 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BXPPLTK
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $684.2M | ||
| Q3 25 | $861.1M | $587.9M | ||
| Q2 25 | $447.0M | $500.9M | ||
| Q1 25 | $398.1M | $434.8M | ||
| Q4 24 | $1.3B | $565.8M | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $685.4M | $710.3M |
总债务BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
股东权益BXPPLTK
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $-411.4M | ||
| Q3 25 | $5.0B | $-74.8M | ||
| Q2 25 | $5.3B | $-87.8M | ||
| Q1 25 | $5.3B | $-117.2M | ||
| Q4 24 | $5.4B | $-131.1M | ||
| Q3 24 | $5.8B | $-98.0M | ||
| Q2 24 | $5.8B | $-112.9M |
总资产BXPPLTK
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.7B | ||
| Q3 25 | $26.0B | $3.7B | ||
| Q2 25 | $25.6B | $3.6B | ||
| Q1 25 | $25.4B | $3.6B | ||
| Q4 24 | $26.1B | $3.6B | ||
| Q3 24 | $26.4B | $3.2B | ||
| Q2 24 | $25.5B | $3.2B |
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 | — | $285.9M |
| 自由现金流经营现金流 - 资本支出 | — | $275.2M |
| 自由现金流率自由现金流/营收 | — | 40.5% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 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 | — | $531.4M |
8季度趋势，按日历期对齐
经营现金流BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $285.9M | ||
| Q3 25 | $274.2M | $116.9M | ||
| Q2 25 | $353.1M | $146.1M | ||
| Q1 25 | $210.0M | $18.8M | ||
| Q4 24 | $383.7M | $153.1M | ||
| Q3 24 | $286.1M | $156.9M | ||
| Q2 24 | $367.1M | $150.5M |
自由现金流BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $275.2M | ||
| Q3 25 | $231.6M | $106.5M | ||
| Q2 25 | $281.5M | $141.3M | ||
| Q1 25 | $152.6M | $8.4M | ||
| Q4 24 | $312.5M | $140.3M | ||
| Q3 24 | $234.5M | $152.1M | ||
| Q2 24 | $332.4M | $141.2M |
自由现金流率BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 40.5% | ||
| Q3 25 | 26.6% | 15.8% | ||
| Q2 25 | 32.4% | 20.3% | ||
| Q1 25 | 17.6% | 1.2% | ||
| Q4 24 | 36.4% | 21.6% | ||
| Q3 24 | 27.3% | 24.5% | ||
| Q2 24 | 39.1% | 22.5% |
资本支出强度BXPPLTK
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.6% | ||
| Q3 25 | 4.9% | 1.5% | ||
| Q2 25 | 8.2% | 0.7% | ||
| Q1 25 | 6.6% | 1.5% | ||
| Q4 24 | 8.3% | 2.0% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 4.1% | 1.5% |
现金转化率BXPPLTK
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 2.99× | ||
| Q2 25 | 3.97× | 4.40× | ||
| Q1 25 | 3.43× | 0.61× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 3.99× | ||
| Q2 24 | 4.61× | 1.74× |
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% |
PLTK
| Third Party Platform | $428.7M | 63% |
| Other | $158.8M | 23% |
| Asia Pacific | $52.7M | 8% |
| Other Geographic Location | $38.6M | 6% |
