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BXP, Inc.（BXP）与PELOTON INTERACTIVE, INC.（PTON）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PELOTON INTERACTIVE, INC.的1.3倍（$872.1M vs $656.5M），BXP, Inc.净利率更高（15.3% vs -5.9%，领先21.2%），BXP, Inc.同比增速更快（0.8% vs -2.6%）
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。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
BXP vs PTON — 直观对比
营收规模更大
BXP
是对方的1.3倍
$656.5M
营收增速更快
BXP
高出3.4%
-2.6%
净利率更高
BXP
高出21.2%
-5.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $656.5M |
| 净利润 | $133.0M | $-38.8M |
| 毛利率 | — | 50.5% |
| 营业利润率 | — | -2.2% |
| 净利率 | 15.3% | -5.9% |
| 营收同比 | 0.8% | -2.6% |
| 净利润同比 | 53.0% | 57.8% |
| 每股收益（稀释后） | $1.69 | $-0.09 |
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BXPPTON
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $656.5M | ||
| Q3 25 | $871.5M | $550.8M | ||
| Q2 25 | $868.5M | — | ||
| Q1 25 | $865.2M | — | ||
| Q4 24 | $858.6M | — | ||
| Q3 24 | $859.2M | — | ||
| Q2 24 | $850.5M | — |
净利润BXPPTON
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-38.8M | ||
| Q3 25 | $-121.7M | $13.9M | ||
| Q2 25 | $89.0M | — | ||
| Q1 25 | $61.2M | — | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | — | ||
| Q2 24 | $79.6M | — |
毛利率BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 50.5% | ||
| Q3 25 | 59.3% | 51.5% | ||
| 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BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
净利率BXPPTON
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -5.9% | ||
| Q3 25 | -14.0% | 2.5% | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 7.1% | — | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | — | ||
| Q2 24 | 9.4% | — |
每股收益（稀释后）BXPPTON
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.09 | ||
| Q3 25 | $-0.77 | $0.03 | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — |
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 | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $7.7B | $-326.7M |
| 总资产 | $25.1B | $2.2B |
| 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BXPPTON
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $861.1M | $1.1B | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
总债务BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPPTON
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $-326.7M | ||
| Q3 25 | $5.0B | $-347.0M | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | — | ||
| Q2 24 | $5.8B | — |
总资产BXPPTON
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.2B | ||
| Q3 25 | $26.0B | $2.2B | ||
| Q2 25 | $25.6B | — | ||
| Q1 25 | $25.4B | — | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.4B | — | ||
| Q2 24 | $25.5B | — |
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 | — | $71.9M |
| 自由现金流经营现金流 - 资本支出 | — | $71.0M |
| 自由现金流率自由现金流/营收 | — | 10.8% |
| 资本支出强度资本支出/营收 | 1.5% | 0.1% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $71.9M | ||
| Q3 25 | $274.2M | $71.9M | ||
| Q2 25 | $353.1M | — | ||
| Q1 25 | $210.0M | — | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | — | ||
| Q2 24 | $367.1M | — |
自由现金流BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $71.0M | ||
| Q3 25 | $231.6M | $67.4M | ||
| 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BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 10.8% | ||
| Q3 25 | 26.6% | 12.2% | ||
| 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BXPPTON
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 4.9% | 0.8% | ||
| 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BXPPTON
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 5.17× | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| 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% |
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
