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BXP, Inc.（BXP）与PORTLAND GENERAL ELECTRIC CO（POR）财务数据对比。点击上方公司名可切换其他公司
PORTLAND GENERAL ELECTRIC CO的季度营收约是BXP, Inc.的1.0倍（$889.0M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 4.6%，领先10.6%），PORTLAND GENERAL ELECTRIC CO同比增速更快（7.9% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -2.2%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
BXP vs POR — 直观对比
营收规模更大
POR
是对方的1.0倍
$872.1M
营收增速更快
POR
高出7.1%
0.8%
净利率更高
BXP
高出10.6%
4.6%
两年增速更快
BXP
近两年复合增速
-2.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $889.0M |
| 净利润 | $133.0M | $41.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.7% |
| 净利率 | 15.3% | 4.6% |
| 营收同比 | 0.8% | 7.9% |
| 净利润同比 | 53.0% | 7.9% |
| 每股收益（稀释后） | $1.69 | $0.36 |
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BXPPOR
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $889.0M | ||
| Q3 25 | $871.5M | $952.0M | ||
| Q2 25 | $868.5M | $807.0M | ||
| Q1 25 | $865.2M | $928.0M | ||
| Q4 24 | $858.6M | $824.0M | ||
| Q3 24 | $859.2M | $929.0M | ||
| Q2 24 | $850.5M | $758.0M |
净利润BXPPOR
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $41.0M | ||
| Q3 25 | $-121.7M | $103.0M | ||
| Q2 25 | $89.0M | $62.0M | ||
| Q1 25 | $61.2M | $100.0M | ||
| Q4 24 | $-228.9M | $38.0M | ||
| Q3 24 | $83.6M | $94.0M | ||
| Q2 24 | $79.6M | $72.0M |
毛利率BXPPOR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 18.3% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 15.7% | ||
| Q2 24 | — | 15.3% |
净利率BXPPOR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.6% | ||
| Q3 25 | -14.0% | 10.8% | ||
| Q2 25 | 10.2% | 7.7% | ||
| Q1 25 | 7.1% | 10.8% | ||
| Q4 24 | -26.7% | 4.6% | ||
| Q3 24 | 9.7% | 10.1% | ||
| Q2 24 | 9.4% | 9.5% |
每股收益（稀释后）BXPPOR
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.36 | ||
| Q3 25 | $-0.77 | $0.94 | ||
| Q2 25 | $0.56 | $0.56 | ||
| Q1 25 | $0.39 | $0.91 | ||
| Q4 24 | $-1.46 | $0.34 | ||
| Q3 24 | $0.53 | $0.90 | ||
| Q2 24 | $0.51 | $0.69 |
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 | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $7.7B | $4.1B |
| 总资产 | $25.1B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资BXPPOR
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
总债务BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益BXPPOR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.1B | ||
| Q3 25 | $5.0B | $4.0B | ||
| Q2 25 | $5.3B | $3.9B | ||
| Q1 25 | $5.3B | $3.8B | ||
| Q4 24 | $5.4B | $3.8B | ||
| Q3 24 | $5.8B | $3.6B | ||
| Q2 24 | $5.8B | $3.5B |
总资产BXPPOR
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $13.2B | ||
| Q3 25 | $26.0B | $13.0B | ||
| Q2 25 | $25.6B | $12.7B | ||
| Q1 25 | $25.4B | $12.7B | ||
| Q4 24 | $26.1B | $12.5B | ||
| Q3 24 | $26.4B | $11.9B | ||
| Q2 24 | $25.5B | $11.6B |
负债/权益比BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.27× |
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 | — | $148.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-142.0M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | 1.5% | 32.6% |
| 现金转化率经营现金流/净利润 | — | 3.61× |
| 过去12个月自由现金流最近4个季度 | — | $-71.0M |
8季度趋势，按日历期对齐
经营现金流BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $148.0M | ||
| Q3 25 | $274.2M | $403.0M | ||
| Q2 25 | $353.1M | $336.0M | ||
| Q1 25 | $210.0M | $231.0M | ||
| Q4 24 | $383.7M | $170.0M | ||
| Q3 24 | $286.1M | $244.0M | ||
| Q2 24 | $367.1M | $189.0M |
自由现金流BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-142.0M | ||
| Q3 25 | $231.6M | $100.0M | ||
| Q2 25 | $281.5M | $99.0M | ||
| Q1 25 | $152.6M | $-128.0M | ||
| Q4 24 | $312.5M | $-222.0M | ||
| Q3 24 | $234.5M | $-9.0M | ||
| Q2 24 | $332.4M | $-109.0M |
自由现金流率BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -16.0% | ||
| Q3 25 | 26.6% | 10.5% | ||
| Q2 25 | 32.4% | 12.3% | ||
| Q1 25 | 17.6% | -13.8% | ||
| Q4 24 | 36.4% | -26.9% | ||
| Q3 24 | 27.3% | -1.0% | ||
| Q2 24 | 39.1% | -14.4% |
资本支出强度BXPPOR
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 32.6% | ||
| Q3 25 | 4.9% | 31.8% | ||
| Q2 25 | 8.2% | 29.4% | ||
| Q1 25 | 6.6% | 38.7% | ||
| Q4 24 | 8.3% | 47.6% | ||
| Q3 24 | 6.0% | 27.2% | ||
| Q2 24 | 4.1% | 39.3% |
现金转化率BXPPOR
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.61× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | 3.97× | 5.42× | ||
| Q1 25 | 3.43× | 2.31× | ||
| Q4 24 | — | 4.47× | ||
| Q3 24 | 3.42× | 2.60× | ||
| Q2 24 | 4.61× | 2.63× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
