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BXP, Inc.（BXP）与怡安集团（RYAN）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是怡安集团的1.1倍（$872.1M vs $795.2M），BXP, Inc.净利率更高（15.3% vs 5.1%，领先10.1%），怡安集团同比增速更快（15.2% vs 0.8%），过去两年怡安集团的营收复合增速更高（8.1% 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。
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
BXP vs RYAN — 直观对比
营收规模更大
BXP
是对方的1.1倍
$795.2M
营收增速更快
RYAN
高出14.4%
0.8%
净利率更高
BXP
高出10.1%
5.1%
两年增速更快
RYAN
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $795.2M |
| 净利润 | $133.0M | $40.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 11.9% |
| 净利率 | 15.3% | 5.1% |
| 营收同比 | 0.8% | 15.2% |
| 净利润同比 | 53.0% | 1025.0% |
| 每股收益（稀释后） | $1.69 | $0.13 |
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BXPRYAN
| Q1 26 | $872.1M | $795.2M | ||
| Q4 25 | $877.1M | $738.0M | ||
| Q3 25 | $871.5M | $739.6M | ||
| Q2 25 | $868.5M | $840.9M | ||
| Q1 25 | $865.2M | $676.1M | ||
| Q4 24 | $858.6M | $649.4M | ||
| Q3 24 | $859.2M | $588.1M | ||
| Q2 24 | $850.5M | $680.2M |
净利润BXPRYAN
| Q1 26 | $133.0M | $40.6M | ||
| Q4 25 | $248.4M | $8.0M | ||
| Q3 25 | $-121.7M | $31.1M | ||
| Q2 25 | $89.0M | $52.0M | ||
| Q1 25 | $61.2M | $-27.6M | ||
| Q4 24 | $-228.9M | $13.8M | ||
| Q3 24 | $83.6M | $17.6M | ||
| Q2 24 | $79.6M | $46.8M |
毛利率BXPRYAN
| 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BXPRYAN
| Q1 26 | — | 11.9% | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 22.7% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 13.9% | ||
| Q2 24 | — | 24.2% |
净利率BXPRYAN
| Q1 26 | 15.3% | 5.1% | ||
| Q4 25 | 28.3% | 1.1% | ||
| Q3 25 | -14.0% | 4.2% | ||
| Q2 25 | 10.2% | 6.2% | ||
| Q1 25 | 7.1% | -4.1% | ||
| Q4 24 | -26.7% | 2.1% | ||
| Q3 24 | 9.7% | 3.0% | ||
| Q2 24 | 9.4% | 6.9% |
每股收益（稀释后）BXPRYAN
| Q1 26 | $1.69 | $0.13 | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | — | ||
| 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 | $154.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $7.7B | $1.2B |
| 总资产 | $25.1B | $11.0B |
| 负债/权益比越低杠杆越低 | — | 2.90× |
8季度趋势，按日历期对齐
现金及短期投资BXPRYAN
| Q1 26 | $512.8M | $154.7M | ||
| Q4 25 | $1.5B | $158.3M | ||
| Q3 25 | $861.1M | $153.5M | ||
| Q2 25 | $447.0M | $172.6M | ||
| Q1 25 | $398.1M | $203.5M | ||
| Q4 24 | $1.3B | $540.2M | ||
| Q3 24 | $1.4B | $235.2M | ||
| Q2 24 | $685.4M | $1.7B |
总债务BXPRYAN
| Q1 26 | — | $3.5B | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPRYAN
| Q1 26 | $7.7B | $1.2B | ||
| Q4 25 | $5.1B | $648.1M | ||
| Q3 25 | $5.0B | $630.5M | ||
| Q2 25 | $5.3B | $610.1M | ||
| Q1 25 | $5.3B | $542.5M | ||
| Q4 24 | $5.4B | $627.7M | ||
| Q3 24 | $5.8B | $632.8M | ||
| Q2 24 | $5.8B | $605.9M |
总资产BXPRYAN
| Q1 26 | $25.1B | $11.0B | ||
| Q4 25 | $26.2B | $10.6B | ||
| Q3 25 | $26.0B | $9.9B | ||
| Q2 25 | $25.6B | $10.6B | ||
| Q1 25 | $25.4B | $9.9B | ||
| Q4 24 | $26.1B | $9.6B | ||
| Q3 24 | $26.4B | $8.5B | ||
| Q2 24 | $25.5B | $8.3B |
负债/权益比BXPRYAN
| Q1 26 | — | 2.90× | ||
| Q4 25 | — | 5.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
RYAN
| Compensation and benefits | $495.2M | 62% |
| Other | $260.4M | 33% |
| Change in contingent consideration | $27.3M | 3% |
| Fiduciary investment income | $12.3M | 2% |
