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BXP, Inc.（BXP）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是BXP, Inc.的1.7倍（$1.5B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -3.1%，领先18.4%），BXP, Inc.同比增速更快（0.8% vs -11.9%），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
BXP vs RXO — 直观对比
营收规模更大
RXO
是对方的1.7倍
$872.1M
营收增速更快
BXP
高出12.7%
-11.9%
净利率更高
BXP
高出18.4%
-3.1%
两年增速更快
RXO
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.5B |
| 净利润 | $133.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -2.9% |
| 净利率 | 15.3% | -3.1% |
| 营收同比 | 0.8% | -11.9% |
| 净利润同比 | 53.0% | -84.0% |
| 每股收益（稀释后） | $1.69 | $-0.28 |
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BXPRXO
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.5B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.4B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.7B | ||
| Q3 24 | $859.2M | $1.0B | ||
| Q2 24 | $850.5M | $930.0M |
净利润BXPRXO
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-46.0M | ||
| Q3 25 | $-121.7M | $-14.0M | ||
| Q2 25 | $89.0M | $-9.0M | ||
| Q1 25 | $61.2M | $-31.0M | ||
| Q4 24 | $-228.9M | $-25.0M | ||
| Q3 24 | $83.6M | $-243.0M | ||
| Q2 24 | $79.6M | $-7.0M |
毛利率BXPRXO
| 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% | — |
营业利润率BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | — |
净利率BXPRXO
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -3.1% | ||
| Q3 25 | -14.0% | -1.0% | ||
| Q2 25 | 10.2% | -0.6% | ||
| Q1 25 | 7.1% | -2.2% | ||
| Q4 24 | -26.7% | -1.5% | ||
| Q3 24 | 9.7% | -23.4% | ||
| Q2 24 | 9.4% | -0.8% |
每股收益（稀释后）BXPRXO
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.28 | ||
| Q3 25 | $-0.77 | $-0.08 | ||
| Q2 25 | $0.56 | $-0.05 | ||
| Q1 25 | $0.39 | $-0.18 | ||
| Q4 24 | $-1.46 | $-0.17 | ||
| Q3 24 | $0.53 | $-1.81 | ||
| Q2 24 | $0.51 | $-0.06 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $7.7B | $1.5B |
| 总资产 | $25.1B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资BXPRXO
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $17.0M | ||
| Q3 25 | $861.1M | $25.0M | ||
| Q2 25 | $447.0M | $18.0M | ||
| Q1 25 | $398.1M | $16.0M | ||
| Q4 24 | $1.3B | $35.0M | ||
| Q3 24 | $1.4B | $55.0M | ||
| Q2 24 | $685.4M | $7.0M |
总债务BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
股东权益BXPRXO
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.0B | $1.6B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.3B | $1.6B | ||
| Q4 24 | $5.4B | $1.6B | ||
| Q3 24 | $5.8B | $1.7B | ||
| Q2 24 | $5.8B | $579.0M |
总资产BXPRXO
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $3.3B | ||
| Q3 25 | $26.0B | $3.2B | ||
| Q2 25 | $25.6B | $3.2B | ||
| Q1 25 | $25.4B | $3.3B | ||
| Q4 24 | $26.1B | $3.4B | ||
| Q3 24 | $26.4B | $3.4B | ||
| Q2 24 | $25.5B | $1.8B |
负债/权益比BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
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 | — | $7.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-9.0M |
| 自由现金流率自由现金流/营收 | — | -0.6% |
| 资本支出强度资本支出/营收 | 1.5% | 1.1% |
| 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 | — | $-8.0M |
8季度趋势，按日历期对齐
经营现金流BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $7.0M | ||
| Q3 25 | $274.2M | $23.0M | ||
| Q2 25 | $353.1M | $23.0M | ||
| Q1 25 | $210.0M | $-2.0M | ||
| Q4 24 | $383.7M | $-7.0M | ||
| Q3 24 | $286.1M | $-7.0M | ||
| Q2 24 | $367.1M | $-5.0M |
自由现金流BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-9.0M | ||
| Q3 25 | $231.6M | $9.0M | ||
| Q2 25 | $281.5M | $9.0M | ||
| Q1 25 | $152.6M | $-17.0M | ||
| Q4 24 | $312.5M | $-19.0M | ||
| Q3 24 | $234.5M | $-18.0M | ||
| Q2 24 | $332.4M | $-16.0M |
自由现金流率BXPRXO
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -0.6% | ||
| Q3 25 | 26.6% | 0.6% | ||
| Q2 25 | 32.4% | 0.6% | ||
| Q1 25 | 17.6% | -1.2% | ||
| Q4 24 | 36.4% | -1.1% | ||
| Q3 24 | 27.3% | -1.7% | ||
| Q2 24 | 39.1% | -1.7% |
资本支出强度BXPRXO
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.1% | ||
| Q3 25 | 4.9% | 1.0% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 6.6% | 1.0% | ||
| Q4 24 | 8.3% | 0.7% | ||
| Q3 24 | 6.0% | 1.1% | ||
| Q2 24 | 4.1% | 1.2% |
现金转化率BXPRXO
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
