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BXP, Inc.（BXP）与Primerica, Inc.（PRI）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Primerica, Inc.的1.0倍（$872.1M vs $853.7M），Primerica, Inc.净利率更高（23.1% vs 15.3%，领先7.8%），Primerica, Inc.同比增速更快（11.0% vs 0.8%），过去两年Primerica, Inc.的营收复合增速更高（7.2% 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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
BXP vs PRI — 直观对比
营收规模更大
BXP
是对方的1.0倍
$853.7M
营收增速更快
PRI
高出10.2%
0.8%
净利率更高
PRI
高出7.8%
15.3%
两年增速更快
PRI
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $853.7M |
| 净利润 | $133.0M | $197.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 28.9% |
| 净利率 | 15.3% | 23.1% |
| 营收同比 | 0.8% | 11.0% |
| 净利润同比 | 53.0% | 17.9% |
| 每股收益（稀释后） | $1.69 | $6.11 |
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BXPPRI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $853.7M | ||
| Q3 25 | $871.5M | $839.9M | ||
| Q2 25 | $868.5M | $793.3M | ||
| Q1 25 | $865.2M | $804.8M | ||
| Q4 24 | $858.6M | $768.8M | ||
| Q3 24 | $859.2M | $774.1M | ||
| Q2 24 | $850.5M | $803.4M |
净利润BXPPRI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $197.0M | ||
| Q3 25 | $-121.7M | $206.8M | ||
| Q2 25 | $89.0M | $178.3M | ||
| Q1 25 | $61.2M | $169.1M | ||
| Q4 24 | $-228.9M | $167.1M | ||
| Q3 24 | $83.6M | $164.4M | ||
| Q2 24 | $79.6M | $1.2M |
毛利率BXPPRI
| 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% | 98.0% |
营业利润率BXPPRI
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 29.6% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 32.9% | ||
| Q2 24 | — | 1.0% |
净利率BXPPRI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 23.1% | ||
| Q3 25 | -14.0% | 24.6% | ||
| Q2 25 | 10.2% | 22.5% | ||
| Q1 25 | 7.1% | 21.0% | ||
| Q4 24 | -26.7% | 21.7% | ||
| Q3 24 | 9.7% | 21.2% | ||
| Q2 24 | 9.4% | 0.1% |
每股收益（稀释后）BXPPRI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $6.11 | ||
| Q3 25 | $-0.77 | $6.35 | ||
| Q2 25 | $0.56 | $5.40 | ||
| Q1 25 | $0.39 | $5.05 | ||
| Q4 24 | $-1.46 | $4.92 | ||
| Q3 24 | $0.53 | $4.83 | ||
| Q2 24 | $0.51 | $0.03 |
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 | $756.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.4B |
| 总资产 | $25.1B | $15.0B |
| 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BXPPRI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $756.2M | ||
| Q3 25 | $861.1M | $644.9M | ||
| Q2 25 | $447.0M | $621.2M | ||
| Q1 25 | $398.1M | $625.1M | ||
| Q4 24 | $1.3B | $687.8M | ||
| Q3 24 | $1.4B | $550.1M | ||
| Q2 24 | $685.4M | $627.3M |
股东权益BXPPRI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.4B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.3B | $2.3B | ||
| Q4 24 | $5.4B | $2.3B | ||
| Q3 24 | $5.8B | $1.9B | ||
| Q2 24 | $5.8B | $2.1B |
总资产BXPPRI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $15.0B | ||
| Q3 25 | $26.0B | $14.8B | ||
| Q2 25 | $25.6B | $14.8B | ||
| Q1 25 | $25.4B | $14.6B | ||
| Q4 24 | $26.1B | $14.6B | ||
| Q3 24 | $26.4B | $14.8B | ||
| Q2 24 | $25.5B | $14.6B |
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 | — | $338.2M |
| 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 | — | 1.72× |
| 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BXPPRI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $338.2M | ||
| Q3 25 | $274.2M | $202.9M | ||
| Q2 25 | $353.1M | $162.6M | ||
| Q1 25 | $210.0M | $197.5M | ||
| Q4 24 | $383.7M | $270.6M | ||
| Q3 24 | $286.1M | $207.3M | ||
| Q2 24 | $367.1M | $173.3M |
自由现金流BXPPRI
| 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BXPPRI
| 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BXPPRI
| 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BXPPRI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.72× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | 3.97× | 0.91× | ||
| Q1 25 | 3.43× | 1.17× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | 3.42× | 1.26× | ||
| Q2 24 | 4.61× | 147.98× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
