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BXP, Inc.（BXP）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是BXP, Inc.的1.3倍（$1.1B vs $872.1M），STIFEL FINANCIAL CORP净利率更高（23.5% vs 15.3%，领先8.2%），STIFEL FINANCIAL CORP同比增速更快（23.0% vs 0.8%），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
BXP vs SF — 直观对比
营收规模更大
SF
是对方的1.3倍
$872.1M
营收增速更快
SF
高出22.2%
0.8%
净利率更高
SF
高出8.2%
15.3%
两年增速更快
SF
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.1B |
| 净利润 | $133.0M | $264.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 27.3% |
| 净利率 | 15.3% | 23.5% |
| 营收同比 | 0.8% | 23.0% |
| 净利润同比 | 53.0% | 8.3% |
| 每股收益（稀释后） | $1.69 | $2.30 |
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BXPSF
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.1B | ||
| Q3 25 | $871.5M | $962.6M | ||
| Q2 25 | $868.5M | $838.9M | ||
| Q1 25 | $865.2M | $842.5M | ||
| Q4 24 | $858.6M | $916.0M | ||
| Q3 24 | $859.2M | $810.9M | ||
| Q2 24 | $850.5M | $798.9M |
净利润BXPSF
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $264.4M | ||
| Q3 25 | $-121.7M | $211.4M | ||
| Q2 25 | $89.0M | $155.1M | ||
| Q1 25 | $61.2M | $53.0M | ||
| Q4 24 | $-228.9M | $244.0M | ||
| Q3 24 | $83.6M | $158.5M | ||
| Q2 24 | $79.6M | $165.3M |
毛利率BXPSF
| 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BXPSF
| Q1 26 | — | — | ||
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 28.4% |
净利率BXPSF
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 23.5% | ||
| Q3 25 | -14.0% | 22.0% | ||
| Q2 25 | 10.2% | 18.5% | ||
| Q1 25 | 7.1% | 6.3% | ||
| Q4 24 | -26.7% | 26.6% | ||
| Q3 24 | 9.7% | 19.5% | ||
| Q2 24 | 9.4% | 20.7% |
每股收益（稀释后）BXPSF
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.30 | ||
| Q3 25 | $-0.77 | $1.84 | ||
| Q2 25 | $0.56 | $1.34 | ||
| Q1 25 | $0.39 | $0.39 | ||
| Q4 24 | $-1.46 | $2.10 | ||
| Q3 24 | $0.53 | $1.34 | ||
| Q2 24 | $0.51 | $1.41 |
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 | $2.3B |
| 总债务越低越好 | — | $617.4M |
| 股东权益账面价值 | $7.7B | $6.0B |
| 总资产 | $25.1B | $41.3B |
| 负债/权益比越低杠杆越低 | — | 0.10× |
8季度趋势，按日历期对齐
现金及短期投资BXPSF
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $861.1M | $3.2B | ||
| Q2 25 | $447.0M | $1.9B | ||
| Q1 25 | $398.1M | $2.7B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $685.4M | $2.6B |
总债务BXPSF
| Q1 26 | — | — | ||
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B |
股东权益BXPSF
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $6.0B | ||
| Q3 25 | $5.0B | $5.8B | ||
| Q2 25 | $5.3B | $5.6B | ||
| Q1 25 | $5.3B | $5.5B | ||
| Q4 24 | $5.4B | $5.7B | ||
| Q3 24 | $5.8B | $5.6B | ||
| Q2 24 | $5.8B | $5.4B |
总资产BXPSF
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $41.3B | ||
| Q3 25 | $26.0B | $41.7B | ||
| Q2 25 | $25.6B | $39.9B | ||
| Q1 25 | $25.4B | $40.4B | ||
| Q4 24 | $26.1B | $39.9B | ||
| Q3 24 | $26.4B | $38.9B | ||
| Q2 24 | $25.5B | $37.8B |
负债/权益比BXPSF
| Q1 26 | — | — | ||
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× |
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 | — | $382.4M |
| 自由现金流经营现金流 - 资本支出 | — | $369.0M |
| 自由现金流率自由现金流/营收 | — | 32.7% |
| 资本支出强度资本支出/营收 | 1.5% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.45× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流BXPSF
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $382.4M | ||
| Q3 25 | $274.2M | $338.3M | ||
| Q2 25 | $353.1M | $607.5M | ||
| Q1 25 | $210.0M | $-211.2M | ||
| Q4 24 | $383.7M | $694.6M | ||
| Q3 24 | $286.1M | $198.3M | ||
| Q2 24 | $367.1M | $207.2M |
自由现金流BXPSF
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $369.0M | ||
| Q3 25 | $231.6M | $321.1M | ||
| Q2 25 | $281.5M | $592.7M | ||
| Q1 25 | $152.6M | $-227.8M | ||
| Q4 24 | $312.5M | $677.2M | ||
| Q3 24 | $234.5M | $185.6M | ||
| Q2 24 | $332.4M | $173.3M |
自由现金流率BXPSF
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 32.7% | ||
| Q3 25 | 26.6% | 33.4% | ||
| Q2 25 | 32.4% | 70.6% | ||
| Q1 25 | 17.6% | -27.0% | ||
| Q4 24 | 36.4% | 73.9% | ||
| Q3 24 | 27.3% | 22.9% | ||
| Q2 24 | 39.1% | 21.7% |
资本支出强度BXPSF
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 4.9% | 1.8% | ||
| Q2 25 | 8.2% | 1.8% | ||
| Q1 25 | 6.6% | 2.0% | ||
| Q4 24 | 8.3% | 1.9% | ||
| Q3 24 | 6.0% | 1.6% | ||
| Q2 24 | 4.1% | 4.2% |
现金转化率BXPSF
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.45× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 3.97× | 3.92× | ||
| Q1 25 | 3.43× | -3.99× | ||
| Q4 24 | — | 2.85× | ||
| Q3 24 | 3.42× | 1.25× | ||
| Q2 24 | 4.61× | 1.25× |
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% |
SF
暂无分部数据
