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BXP, Inc.（BXP）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是BXP, Inc.的1.3倍（$1.2B vs $872.1M），先锋自然资源公司净利率更高（29.0% vs 15.3%，领先13.8%），BXP, Inc.同比增速更快（0.8% vs -9.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
BXP vs PR — 直观对比
营收规模更大
PR
是对方的1.3倍
$872.1M
营收增速更快
BXP
高出10.6%
-9.8%
净利率更高
PR
高出13.8%
15.3%
两年增速更快
BXP
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 23.1% |
| 净利率 | 15.3% | 29.0% |
| 营收同比 | 0.8% | -9.8% |
| 净利润同比 | 53.0% | 56.7% |
| 每股收益（稀释后） | $1.69 | $0.48 |
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BXPPR
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.3B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.3B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.2B |
净利润BXPPR
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $339.5M | ||
| Q3 25 | $-121.7M | $59.2M | ||
| Q2 25 | $89.0M | $207.1M | ||
| Q1 25 | $61.2M | $329.3M | ||
| Q4 24 | $-228.9M | $216.7M | ||
| Q3 24 | $83.6M | $386.4M | ||
| Q2 24 | $79.6M | $235.1M |
毛利率BXPPR
| 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BXPPR
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 29.6% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | — | 32.5% | ||
| Q2 24 | — | 36.5% |
净利率BXPPR
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 29.0% | ||
| Q3 25 | -14.0% | 4.5% | ||
| Q2 25 | 10.2% | 17.3% | ||
| Q1 25 | 7.1% | 23.9% | ||
| Q4 24 | -26.7% | 16.7% | ||
| Q3 24 | 9.7% | 31.8% | ||
| Q2 24 | 9.4% | 18.9% |
每股收益（稀释后）BXPPR
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.48 | ||
| Q3 25 | $-0.77 | $0.08 | ||
| Q2 25 | $0.56 | $0.28 | ||
| Q1 25 | $0.39 | $0.44 | ||
| Q4 24 | $-1.46 | $0.31 | ||
| Q3 24 | $0.53 | $0.53 | ||
| Q2 24 | $0.51 | $0.36 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $7.7B | $10.3B |
| 总资产 | $25.1B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资BXPPR
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $153.7M | ||
| Q3 25 | $861.1M | $111.8M | ||
| Q2 25 | $447.0M | $451.0M | ||
| Q1 25 | $398.1M | $702.2M | ||
| Q4 24 | $1.3B | $479.3M | ||
| Q3 24 | $1.4B | $272.0M | ||
| Q2 24 | $685.4M | $47.8M |
总债务BXPPR
| Q1 26 | — | — | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B |
股东权益BXPPR
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $10.3B | ||
| Q3 25 | $5.0B | $10.0B | ||
| Q2 25 | $5.3B | $9.5B | ||
| Q1 25 | $5.3B | $9.4B | ||
| Q4 24 | $5.4B | $9.1B | ||
| Q3 24 | $5.8B | $9.0B | ||
| Q2 24 | $5.8B | $8.3B |
总资产BXPPR
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $17.9B | ||
| Q3 25 | $26.0B | $17.3B | ||
| Q2 25 | $25.6B | $17.5B | ||
| Q1 25 | $25.4B | $17.1B | ||
| Q4 24 | $26.1B | $16.9B | ||
| Q3 24 | $26.4B | $16.6B | ||
| Q2 24 | $25.5B | $15.4B |
负债/权益比BXPPR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× |
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 | — | $904.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 2.66× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPPR
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $904.3M | ||
| Q3 25 | $274.2M | $766.5M | ||
| Q2 25 | $353.1M | $1.0B | ||
| Q1 25 | $210.0M | $898.0M | ||
| Q4 24 | $383.7M | $871.6M | ||
| Q3 24 | $286.1M | $954.4M | ||
| Q2 24 | $367.1M | $938.4M |
自由现金流BXPPR
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率BXPPR
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度BXPPR
| Q1 26 | 1.5% | — | ||
| 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% | — |
现金转化率BXPPR
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.66× | ||
| Q3 25 | — | 12.94× | ||
| Q2 25 | 3.97× | 5.01× | ||
| Q1 25 | 3.43× | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 3.42× | 2.47× | ||
| Q2 24 | 4.61× | 3.99× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
