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BXP, Inc.（BXP）与SM Energy Co（SM）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SM Energy Co的1.2倍（$872.1M vs $704.9M），BXP, Inc.同比增速更快（0.8% vs -17.3%），过去两年SM Energy Co的营收复合增速更高（12.2% 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。
SM能源公司是一家专注于油气勘探开发的能源企业，注册地位于美国特拉华州，总部设立在科罗拉多州丹佛市，业务围绕 hydrocarbon 资源的勘探布局，在能源勘探领域拥有成熟的运营经验。
BXP vs SM — 直观对比
营收规模更大
BXP
是对方的1.2倍
$704.9M
营收增速更快
BXP
高出18.1%
-17.3%
两年增速更快
SM
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $704.9M |
| 净利润 | $133.0M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 25.9% |
| 净利率 | 15.3% | — |
| 营收同比 | 0.8% | -17.3% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $0.94 |
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BXPSM
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $704.9M | ||
| Q3 25 | $871.5M | $811.6M | ||
| Q2 25 | $868.5M | $792.9M | ||
| Q1 25 | $865.2M | $844.5M | ||
| Q4 24 | $858.6M | $852.0M | ||
| Q3 24 | $859.2M | $643.6M | ||
| Q2 24 | $850.5M | $634.6M |
净利润BXPSM
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $155.1M | ||
| Q2 25 | $89.0M | $201.7M | ||
| Q1 25 | $61.2M | $182.3M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $240.5M | ||
| Q2 24 | $79.6M | $210.3M |
毛利率BXPSM
| 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BXPSM
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | — | 44.0% |
净利率BXPSM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 19.1% | ||
| Q2 25 | 10.2% | 25.4% | ||
| Q1 25 | 7.1% | 21.6% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 37.4% | ||
| Q2 24 | 9.4% | 33.1% |
每股收益（稀释后）BXPSM
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.94 | ||
| Q3 25 | $-0.77 | $1.35 | ||
| Q2 25 | $0.56 | $1.76 | ||
| Q1 25 | $0.39 | $1.59 | ||
| Q4 24 | $-1.46 | $1.63 | ||
| Q3 24 | $0.53 | $2.09 | ||
| Q2 24 | $0.51 | $1.82 |
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 | $368.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $4.8B |
| 总资产 | $25.1B | $9.3B |
| 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BXPSM
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $368.0M | ||
| Q3 25 | $861.1M | $162.3M | ||
| Q2 25 | $447.0M | $101.9M | ||
| Q1 25 | $398.1M | $54.0K | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $685.4M | $487.9M |
股东权益BXPSM
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.8B | ||
| Q3 25 | $5.0B | $4.7B | ||
| Q2 25 | $5.3B | $4.6B | ||
| Q1 25 | $5.3B | $4.4B | ||
| Q4 24 | $5.4B | $4.2B | ||
| Q3 24 | $5.8B | $4.1B | ||
| Q2 24 | $5.8B | $3.8B |
总资产BXPSM
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $9.3B | ||
| Q3 25 | $26.0B | $9.1B | ||
| Q2 25 | $25.6B | $9.0B | ||
| Q1 25 | $25.4B | $8.8B | ||
| Q4 24 | $26.1B | $8.6B | ||
| Q3 24 | $26.4B | $8.0B | ||
| Q2 24 | $25.5B | $6.7B |
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 | — | $451.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPSM
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $451.9M | ||
| Q3 25 | $274.2M | $505.0M | ||
| Q2 25 | $353.1M | $571.1M | ||
| Q1 25 | $210.0M | $483.0M | ||
| Q4 24 | $383.7M | $578.4M | ||
| Q3 24 | $286.1M | $452.3M | ||
| Q2 24 | $367.1M | $476.4M |
自由现金流BXPSM
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPSM
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPSM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPSM
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | 3.97× | 2.83× | ||
| Q1 25 | 3.43× | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.88× | ||
| Q2 24 | 4.61× | 2.27× |
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% |
SM
暂无分部数据
