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BXP, Inc.（BXP）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是BXP, Inc.的1.1倍（$964.5M vs $872.1M），BXP, Inc.净利率更高（15.3% vs 5.7%，领先9.6%），Pure Storage, Inc.同比增速更快（16.0% vs 0.8%），过去两年Pure Storage, Inc.的营收复合增速更高（10.5% 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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
BXP vs PSTG — 直观对比
营收规模更大
PSTG
是对方的1.1倍
$872.1M
营收增速更快
PSTG
高出15.2%
0.8%
净利率更高
BXP
高出9.6%
5.7%
两年增速更快
PSTG
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $964.5M |
| 净利润 | $133.0M | $54.8M |
| 毛利率 | — | 72.3% |
| 营业利润率 | — | 5.6% |
| 净利率 | 15.3% | 5.7% |
| 营收同比 | 0.8% | 16.0% |
| 净利润同比 | 53.0% | -13.9% |
| 每股收益（稀释后） | $1.69 | $0.16 |
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BXPPSTG
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $964.5M | ||
| Q3 25 | $871.5M | $861.0M | ||
| Q2 25 | $868.5M | $778.5M | ||
| Q1 25 | $865.2M | $879.8M | ||
| Q4 24 | $858.6M | $831.1M | ||
| Q3 24 | $859.2M | $763.8M | ||
| Q2 24 | $850.5M | $693.5M |
净利润BXPPSTG
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $54.8M | ||
| Q3 25 | $-121.7M | $47.1M | ||
| Q2 25 | $89.0M | $-14.0M | ||
| Q1 25 | $61.2M | $42.4M | ||
| Q4 24 | $-228.9M | $63.6M | ||
| Q3 24 | $83.6M | $35.7M | ||
| Q2 24 | $79.6M | $-35.0M |
毛利率BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 72.3% | ||
| Q3 25 | 59.3% | 70.2% | ||
| Q2 25 | 59.2% | 68.9% | ||
| Q1 25 | 59.2% | 67.5% | ||
| Q4 24 | 59.7% | 70.1% | ||
| Q3 24 | 59.5% | 70.7% | ||
| Q2 24 | 59.8% | 71.5% |
营业利润率BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -4.0% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | -6.0% |
净利率BXPPSTG
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 5.7% | ||
| Q3 25 | -14.0% | 5.5% | ||
| Q2 25 | 10.2% | -1.8% | ||
| Q1 25 | 7.1% | 4.8% | ||
| Q4 24 | -26.7% | 7.7% | ||
| Q3 24 | 9.7% | 4.7% | ||
| Q2 24 | 9.4% | -5.0% |
每股收益（稀释后）BXPPSTG
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.16 | ||
| Q3 25 | $-0.77 | $0.14 | ||
| Q2 25 | $0.56 | $-0.04 | ||
| Q1 25 | $0.39 | $0.13 | ||
| Q4 24 | $-1.46 | $0.19 | ||
| Q3 24 | $0.53 | $0.10 | ||
| Q2 24 | $0.51 | $-0.11 |
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 | $852.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.4B |
| 总资产 | $25.1B | $4.2B |
| 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BXPPSTG
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $852.8M | ||
| Q3 25 | $861.1M | $887.8M | ||
| Q2 25 | $447.0M | $739.3M | ||
| Q1 25 | $398.1M | $723.6M | ||
| Q4 24 | $1.3B | $894.6M | ||
| Q3 24 | $1.4B | $965.0M | ||
| Q2 24 | $685.4M | $900.6M |
股东权益BXPPSTG
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $5.0B | $1.3B | ||
| Q2 25 | $5.3B | $1.2B | ||
| Q1 25 | $5.3B | $1.3B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.5B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPPSTG
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $4.2B | ||
| Q3 25 | $26.0B | $4.0B | ||
| Q2 25 | $25.6B | $3.8B | ||
| Q1 25 | $25.4B | $4.0B | ||
| Q4 24 | $26.1B | $3.9B | ||
| Q3 24 | $26.4B | $3.8B | ||
| Q2 24 | $25.5B | $3.6B |
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 | — | $116.0M |
| 自由现金流经营现金流 - 资本支出 | — | $52.6M |
| 自由现金流率自由现金流/营收 | — | 5.5% |
| 资本支出强度资本支出/营收 | 1.5% | 6.6% |
| 现金转化率经营现金流/净利润 | — | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $566.7M |
8季度趋势，按日历期对齐
经营现金流BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $116.0M | ||
| Q3 25 | $274.2M | $212.2M | ||
| Q2 25 | $353.1M | $283.9M | ||
| Q1 25 | $210.0M | $208.5M | ||
| Q4 24 | $383.7M | $97.0M | ||
| Q3 24 | $286.1M | $226.6M | ||
| Q2 24 | $367.1M | $221.5M |
自由现金流BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $52.6M | ||
| Q3 25 | $231.6M | $150.1M | ||
| Q2 25 | $281.5M | $211.6M | ||
| Q1 25 | $152.6M | $152.4M | ||
| Q4 24 | $312.5M | $35.2M | ||
| Q3 24 | $234.5M | $166.6M | ||
| Q2 24 | $332.4M | $172.7M |
自由现金流率BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 5.5% | ||
| Q3 25 | 26.6% | 17.4% | ||
| Q2 25 | 32.4% | 27.2% | ||
| Q1 25 | 17.6% | 17.3% | ||
| Q4 24 | 36.4% | 4.2% | ||
| Q3 24 | 27.3% | 21.8% | ||
| Q2 24 | 39.1% | 24.9% |
资本支出强度BXPPSTG
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 6.6% | ||
| Q3 25 | 4.9% | 7.2% | ||
| Q2 25 | 8.2% | 9.3% | ||
| Q1 25 | 6.6% | 6.4% | ||
| Q4 24 | 8.3% | 7.4% | ||
| Q3 24 | 6.0% | 7.9% | ||
| Q2 24 | 4.1% | 7.0% |
现金转化率BXPPSTG
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | 4.91× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.42× | 6.35× | ||
| Q2 24 | 4.61× | — |
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% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
