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BXP, Inc.（BXP）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -2.2%，领先17.4%），BXP, Inc.同比增速更快（0.8% vs -18.3%），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
BXP vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.4倍
$872.1M
营收增速更快
BXP
高出19.1%
-18.3%
净利率更高
BXP
高出17.4%
-2.2%
两年增速更快
ROKU
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | — | 59.7% |
| 净利率 | 15.3% | -2.2% |
| 营收同比 | 0.8% | -18.3% |
| 净利润同比 | 53.0% | -361.0% |
| 每股收益（稀释后） | $1.69 | $0.57 |
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BXPROKU
| Q1 26 | $872.1M | $1.2B | ||
| Q4 25 | $877.1M | $1.4B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.0B | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $968.2M |
净利润BXPROKU
| Q1 26 | $133.0M | $-27.4M | ||
| Q4 25 | $248.4M | $80.5M | ||
| Q3 25 | $-121.7M | $24.8M | ||
| Q2 25 | $89.0M | $10.5M | ||
| Q1 25 | $61.2M | $-27.4M | ||
| Q4 24 | $-228.9M | $-35.5M | ||
| Q3 24 | $83.6M | $-9.0M | ||
| Q2 24 | $79.6M | $-34.0M |
毛利率BXPROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | 58.8% | 43.5% | ||
| Q3 25 | 59.3% | 43.4% | ||
| Q2 25 | 59.2% | 44.8% | ||
| Q1 25 | 59.2% | 43.6% | ||
| Q4 24 | 59.7% | 42.7% | ||
| Q3 24 | 59.5% | 45.2% | ||
| Q2 24 | 59.8% | 43.9% |
营业利润率BXPROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | -7.4% |
净利率BXPROKU
| Q1 26 | 15.3% | -2.2% | ||
| Q4 25 | 28.3% | 5.8% | ||
| Q3 25 | -14.0% | 2.0% | ||
| Q2 25 | 10.2% | 0.9% | ||
| Q1 25 | 7.1% | -2.7% | ||
| Q4 24 | -26.7% | -3.0% | ||
| Q3 24 | 9.7% | -0.9% | ||
| Q2 24 | 9.4% | -3.5% |
每股收益（稀释后）BXPROKU
| Q1 26 | $1.69 | $0.57 | ||
| Q4 25 | $1.56 | $0.55 | ||
| Q3 25 | $-0.77 | $0.16 | ||
| Q2 25 | $0.56 | $0.07 | ||
| Q1 25 | $0.39 | $-0.19 | ||
| Q4 24 | $-1.46 | $-0.24 | ||
| Q3 24 | $0.53 | $-0.06 | ||
| Q2 24 | $0.51 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.7B |
| 总资产 | $25.1B | $4.4B |
| 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BXPROKU
| Q1 26 | $512.8M | $2.4B | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $861.1M | $2.3B | ||
| Q2 25 | $447.0M | $2.3B | ||
| Q1 25 | $398.1M | $2.3B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $685.4M | $2.1B |
股东权益BXPROKU
| Q1 26 | $7.7B | $2.7B | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | $2.6B | ||
| Q2 25 | $5.3B | $2.6B | ||
| Q1 25 | $5.3B | $2.5B | ||
| Q4 24 | $5.4B | $2.5B | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $5.8B | $2.4B |
总资产BXPROKU
| Q1 26 | $25.1B | $4.4B | ||
| Q4 25 | $26.2B | $4.4B | ||
| Q3 25 | $26.0B | $4.4B | ||
| Q2 25 | $25.6B | $4.3B | ||
| Q1 25 | $25.4B | $4.2B | ||
| Q4 24 | $26.1B | $4.3B | ||
| Q3 24 | $26.4B | $4.3B | ||
| Q2 24 | $25.5B | $4.1B |
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 | — | $199.1M |
| 自由现金流经营现金流 - 资本支出 | — | $298.4M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $640.0M |
8季度趋势，按日历期对齐
经营现金流BXPROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $407.8M | $107.7M | ||
| Q3 25 | $274.2M | $127.6M | ||
| Q2 25 | $353.1M | $109.7M | ||
| Q1 25 | $210.0M | $138.7M | ||
| Q4 24 | $383.7M | $79.3M | ||
| Q3 24 | $286.1M | $68.7M | ||
| Q2 24 | $367.1M | $23.4M |
自由现金流BXPROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $362.7M | $106.6M | ||
| Q3 25 | $231.6M | $126.5M | ||
| Q2 25 | $281.5M | $108.6M | ||
| Q1 25 | $152.6M | $136.8M | ||
| Q4 24 | $312.5M | $76.8M | ||
| Q3 24 | $234.5M | $67.6M | ||
| Q2 24 | $332.4M | $22.5M |
自由现金流率BXPROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 41.4% | 7.6% | ||
| Q3 25 | 26.6% | 10.4% | ||
| Q2 25 | 32.4% | 9.8% | ||
| Q1 25 | 17.6% | 13.4% | ||
| Q4 24 | 36.4% | 6.4% | ||
| Q3 24 | 27.3% | 6.4% | ||
| Q2 24 | 39.1% | 2.3% |
资本支出强度BXPROKU
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.1% | ||
| Q3 25 | 4.9% | 0.1% | ||
| Q2 25 | 8.2% | 0.1% | ||
| Q1 25 | 6.6% | 0.2% | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 6.0% | 0.1% | ||
| Q2 24 | 4.1% | 0.1% |
现金转化率BXPROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.34× | ||
| Q3 25 | — | 5.14× | ||
| Q2 25 | 3.97× | 10.45× | ||
| 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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
