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BXP, Inc.（BXP）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是BXP, Inc.的1.5倍（$1.3B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -63.1%，领先78.3%），BXP, Inc.同比增速更快（0.8% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% 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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
BXP vs RIVN — 直观对比
营收规模更大
RIVN
是对方的1.5倍
$872.1M
营收增速更快
BXP
高出26.6%
-25.8%
净利率更高
BXP
高出78.3%
-63.1%
两年增速更快
RIVN
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.3B |
| 净利润 | $133.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | — | -64.8% |
| 净利率 | 15.3% | -63.1% |
| 营收同比 | 0.8% | -25.8% |
| 净利润同比 | 53.0% | -9.0% |
| 每股收益（稀释后） | $1.69 | $-0.66 |
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BXPRIVN
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.3B | ||
| Q3 25 | $871.5M | $1.6B | ||
| Q2 25 | $868.5M | $1.3B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $1.7B | ||
| Q3 24 | $859.2M | $874.0M | ||
| Q2 24 | $850.5M | $1.2B |
净利润BXPRIVN
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-811.0M | ||
| Q3 25 | $-121.7M | $-1.2B | ||
| Q2 25 | $89.0M | $-1.1B | ||
| Q1 25 | $61.2M | $-545.0M | ||
| Q4 24 | $-228.9M | $-744.0M | ||
| Q3 24 | $83.6M | $-1.1B | ||
| Q2 24 | $79.6M | $-1.5B |
毛利率BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 9.3% | ||
| Q3 25 | 59.3% | 1.5% | ||
| Q2 25 | 59.2% | -15.8% | ||
| Q1 25 | 59.2% | 16.6% | ||
| Q4 24 | 59.7% | 9.8% | ||
| Q3 24 | 59.5% | -44.9% | ||
| Q2 24 | 59.8% | -38.9% |
营业利润率BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | -64.8% | ||
| Q3 25 | — | -63.1% | ||
| Q2 25 | — | -85.5% | ||
| Q1 25 | — | -52.8% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | — | -133.8% | ||
| Q2 24 | — | -118.7% |
净利率BXPRIVN
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -63.1% | ||
| Q3 25 | -14.0% | -75.3% | ||
| Q2 25 | 10.2% | -85.7% | ||
| Q1 25 | 7.1% | -44.0% | ||
| Q4 24 | -26.7% | -42.9% | ||
| Q3 24 | 9.7% | -125.9% | ||
| Q2 24 | 9.4% | -125.8% |
每股收益（稀释后）BXPRIVN
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.66 | ||
| Q3 25 | $-0.77 | $-0.96 | ||
| Q2 25 | $0.56 | $-0.97 | ||
| Q1 25 | $0.39 | $-0.48 | ||
| Q4 24 | $-1.46 | $-0.67 | ||
| Q3 24 | $0.53 | $-1.08 | ||
| Q2 24 | $0.51 | $-1.46 |
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 | $6.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $4.6B |
| 总资产 | $25.1B | $14.9B |
| 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BXPRIVN
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $6.1B | ||
| Q3 25 | $861.1M | $7.1B | ||
| Q2 25 | $447.0M | $7.5B | ||
| Q1 25 | $398.1M | $7.2B | ||
| Q4 24 | $1.3B | $7.7B | ||
| Q3 24 | $1.4B | $6.7B | ||
| Q2 24 | $685.4M | $7.9B |
总债务BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B |
股东权益BXPRIVN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.6B | ||
| Q3 25 | $5.0B | $5.1B | ||
| Q2 25 | $5.3B | $6.1B | ||
| Q1 25 | $5.3B | $6.2B | ||
| Q4 24 | $5.4B | $6.6B | ||
| Q3 24 | $5.8B | $5.9B | ||
| Q2 24 | $5.8B | $6.8B |
总资产BXPRIVN
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $14.9B | ||
| Q3 25 | $26.0B | $15.2B | ||
| Q2 25 | $25.6B | $15.6B | ||
| Q1 25 | $25.4B | $15.5B | ||
| Q4 24 | $26.1B | $15.4B | ||
| Q3 24 | $26.4B | $14.3B | ||
| Q2 24 | $25.5B | $15.4B |
负债/权益比BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× |
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 | — | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | 1.5% | 36.0% |
| 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 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $-681.0M | ||
| Q3 25 | $274.2M | $26.0M | ||
| Q2 25 | $353.1M | $64.0M | ||
| Q1 25 | $210.0M | $-188.0M | ||
| Q4 24 | $383.7M | $1.2B | ||
| Q3 24 | $286.1M | $-876.0M | ||
| Q2 24 | $367.1M | $-754.0M |
自由现金流BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-1.1B | ||
| Q3 25 | $231.6M | $-421.0M | ||
| Q2 25 | $281.5M | $-398.0M | ||
| Q1 25 | $152.6M | $-526.0M | ||
| Q4 24 | $312.5M | $856.0M | ||
| Q3 24 | $234.5M | $-1.2B | ||
| Q2 24 | $332.4M | $-1.0B |
自由现金流率BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -89.0% | ||
| Q3 25 | 26.6% | -27.0% | ||
| Q2 25 | 32.4% | -30.5% | ||
| Q1 25 | 17.6% | -42.4% | ||
| Q4 24 | 36.4% | 49.4% | ||
| Q3 24 | 27.3% | -131.9% | ||
| Q2 24 | 39.1% | -89.6% |
资本支出强度BXPRIVN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 36.0% | ||
| Q3 25 | 4.9% | 28.7% | ||
| Q2 25 | 8.2% | 35.5% | ||
| Q1 25 | 6.6% | 27.3% | ||
| Q4 24 | 8.3% | 18.9% | ||
| Q3 24 | 6.0% | 31.7% | ||
| Q2 24 | 4.1% | 24.4% |
现金转化率BXPRIVN
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
