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BXP, Inc.（BXP）与Ryerson Holding Corp（RYI）财务数据对比。点击上方公司名可切换其他公司
Ryerson Holding Corp的季度营收约是BXP, Inc.的1.3倍（$1.1B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -3.4%，领先18.7%），Ryerson Holding Corp同比增速更快（9.7% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -5.6%）
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。
莱森控股集团旗下的约瑟夫·T·莱森父子公司是一家金属加工分销服务商，业务覆盖美国、墨西哥、加拿大与中国。公司创立于1842年，总部位于芝加哥，在全球约100个网点拥有约4200名员工，是金属流通领域资历深厚的专业服务商。
BXP vs RYI — 直观对比
营收规模更大
RYI
是对方的1.3倍
$872.1M
营收增速更快
RYI
高出8.9%
0.8%
净利率更高
BXP
高出18.7%
-3.4%
两年增速更快
BXP
近两年复合增速
-5.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $-37.9M |
| 毛利率 | — | 15.3% |
| 营业利润率 | — | -3.4% |
| 净利率 | 15.3% | -3.4% |
| 营收同比 | 0.8% | 9.7% |
| 净利润同比 | 53.0% | -781.4% |
| 每股收益（稀释后） | $1.69 | $-1.18 |
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BXPRYI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $1.0B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.2B |
净利润BXPRYI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-37.9M | ||
| Q3 25 | $-121.7M | $-14.8M | ||
| Q2 25 | $89.0M | $1.9M | ||
| Q1 25 | $61.2M | $-5.6M | ||
| Q4 24 | $-228.9M | $-4.3M | ||
| Q3 24 | $83.6M | $-6.6M | ||
| Q2 24 | $79.6M | $9.9M |
毛利率BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 15.3% | ||
| Q3 25 | 59.3% | 17.2% | ||
| Q2 25 | 59.2% | 17.9% | ||
| Q1 25 | 59.2% | 18.0% | ||
| Q4 24 | 59.7% | 19.0% | ||
| Q3 24 | 59.5% | 17.9% | ||
| Q2 24 | 59.8% | 18.2% |
营业利润率BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | — | -3.4% | ||
| Q3 25 | — | -0.1% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.9% |
净利率BXPRYI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -3.4% | ||
| Q3 25 | -14.0% | -1.3% | ||
| Q2 25 | 10.2% | 0.2% | ||
| Q1 25 | 7.1% | -0.5% | ||
| Q4 24 | -26.7% | -0.4% | ||
| Q3 24 | 9.7% | -0.6% | ||
| Q2 24 | 9.4% | 0.8% |
每股收益（稀释后）BXPRYI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-1.18 | ||
| Q3 25 | $-0.77 | $-0.46 | ||
| Q2 25 | $0.56 | $0.06 | ||
| Q1 25 | $0.39 | $-0.18 | ||
| Q4 24 | $-1.46 | $-0.13 | ||
| Q3 24 | $0.53 | $-0.20 | ||
| Q2 24 | $0.51 | $0.29 |
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 | $26.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $753.1M |
| 总资产 | $25.1B | $2.4B |
| 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BXPRYI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $26.9M | ||
| Q3 25 | $861.1M | $29.8M | ||
| Q2 25 | $447.0M | $30.8M | ||
| Q1 25 | $398.1M | $33.6M | ||
| Q4 24 | $1.3B | $27.7M | ||
| Q3 24 | $1.4B | $35.0M | ||
| Q2 24 | $685.4M | $28.0M |
股东权益BXPRYI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $753.1M | ||
| Q3 25 | $5.0B | $787.3M | ||
| Q2 25 | $5.3B | $811.5M | ||
| Q1 25 | $5.3B | $803.9M | ||
| Q4 24 | $5.4B | $815.3M | ||
| Q3 24 | $5.8B | $832.9M | ||
| Q2 24 | $5.8B | $877.9M |
总资产BXPRYI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.4B | ||
| Q3 25 | $26.0B | $2.5B | ||
| Q2 25 | $25.6B | $2.5B | ||
| Q1 25 | $25.4B | $2.5B | ||
| Q4 24 | $26.1B | $2.4B | ||
| Q3 24 | $26.4B | $2.5B | ||
| Q2 24 | $25.5B | $2.6B |
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 | — | $112.7M |
| 自由现金流经营现金流 - 资本支出 | — | $91.9M |
| 自由现金流率自由现金流/营收 | — | 8.3% |
| 资本支出强度资本支出/营收 | 1.5% | 1.9% |
| 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 | — | $35.5M |
8季度趋势，按日历期对齐
经营现金流BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $112.7M | ||
| Q3 25 | $274.2M | $-8.3M | ||
| Q2 25 | $353.1M | $23.8M | ||
| Q1 25 | $210.0M | $-41.2M | ||
| Q4 24 | $383.7M | $92.2M | ||
| Q3 24 | $286.1M | $134.6M | ||
| Q2 24 | $367.1M | $25.9M |
自由现金流BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $91.9M | ||
| Q3 25 | $231.6M | $-21.1M | ||
| Q2 25 | $281.5M | $13.9M | ||
| Q1 25 | $152.6M | $-49.2M | ||
| Q4 24 | $312.5M | $68.7M | ||
| Q3 24 | $234.5M | $103.0M | ||
| Q2 24 | $332.4M | $3.2M |
自由现金流率BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 8.3% | ||
| Q3 25 | 26.6% | -1.8% | ||
| Q2 25 | 32.4% | 1.2% | ||
| Q1 25 | 17.6% | -4.3% | ||
| Q4 24 | 36.4% | 6.8% | ||
| Q3 24 | 27.3% | 9.1% | ||
| Q2 24 | 39.1% | 0.3% |
资本支出强度BXPRYI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.9% | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 0.8% | ||
| Q1 25 | 6.6% | 0.7% | ||
| Q4 24 | 8.3% | 2.3% | ||
| Q3 24 | 6.0% | 2.8% | ||
| Q2 24 | 4.1% | 1.9% |
现金转化率BXPRYI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | 12.53× | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 2.62× |
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% |
RYI
| US | $988.3M | 89% |
| Non Us | $116.5M | 11% |
