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BXP, Inc.（BXP）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs -24.2%，领先39.5%），Snowflake Inc.同比增速更快（28.7% vs 0.8%），过去两年Snowflake Inc.的营收复合增速更高（25.1% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
BXP vs SNOW — 直观对比
营收规模更大
SNOW
是对方的1.4倍
$872.1M
营收增速更快
SNOW
高出27.9%
0.8%
净利率更高
BXP
高出39.5%
-24.2%
两年增速更快
SNOW
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $-294.0M |
| 毛利率 | — | 67.8% |
| 营业利润率 | — | -27.2% |
| 净利率 | 15.3% | -24.2% |
| 营收同比 | 0.8% | 28.7% |
| 净利润同比 | 53.0% | 9.4% |
| 每股收益（稀释后） | $1.69 | $-0.87 |
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BXPSNOW
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.1B | ||
| Q2 25 | $868.5M | $1.0B | ||
| Q1 25 | $865.2M | $986.8M | ||
| Q4 24 | $858.6M | $942.1M | ||
| Q3 24 | $859.2M | $868.8M | ||
| Q2 24 | $850.5M | $828.7M |
净利润BXPSNOW
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-294.0M | ||
| Q3 25 | $-121.7M | $-298.0M | ||
| Q2 25 | $89.0M | $-430.1M | ||
| Q1 25 | $61.2M | $-327.5M | ||
| Q4 24 | $-228.9M | $-324.3M | ||
| Q3 24 | $83.6M | $-316.9M | ||
| Q2 24 | $79.6M | $-317.0M |
毛利率BXPSNOW
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 67.8% | ||
| Q3 25 | 59.3% | 67.5% | ||
| Q2 25 | 59.2% | 66.5% | ||
| Q1 25 | 59.2% | 66.2% | ||
| Q4 24 | 59.7% | 65.9% | ||
| Q3 24 | 59.5% | 66.8% | ||
| Q2 24 | 59.8% | 67.1% |
营业利润率BXPSNOW
| Q1 26 | — | — | ||
| Q4 25 | — | -27.2% | ||
| Q3 25 | — | -29.7% | ||
| Q2 25 | — | -42.9% | ||
| Q1 25 | — | -39.2% | ||
| Q4 24 | — | -38.8% | ||
| Q3 24 | — | -40.9% | ||
| Q2 24 | — | -42.1% |
净利率BXPSNOW
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -24.2% | ||
| Q3 25 | -14.0% | -26.0% | ||
| Q2 25 | 10.2% | -41.3% | ||
| Q1 25 | 7.1% | -33.2% | ||
| Q4 24 | -26.7% | -34.4% | ||
| Q3 24 | 9.7% | -36.5% | ||
| Q2 24 | 9.4% | -38.3% |
每股收益（稀释后）BXPSNOW
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.87 | ||
| Q3 25 | $-0.77 | $-0.89 | ||
| Q2 25 | $0.56 | $-1.29 | ||
| Q1 25 | $0.39 | $-0.98 | ||
| Q4 24 | $-1.46 | $-0.98 | ||
| Q3 24 | $0.53 | $-0.95 | ||
| Q2 24 | $0.51 | $-0.95 |
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 | $1.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $25.1B | $8.2B |
| 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BXPSNOW
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $861.1M | $1.9B | ||
| Q2 25 | $447.0M | $2.2B | ||
| Q1 25 | $398.1M | $2.6B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $685.4M | $1.3B |
股东权益BXPSNOW
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $5.3B | $2.4B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $5.4B | $2.9B | ||
| Q3 24 | $5.8B | $4.1B | ||
| Q2 24 | $5.8B | $4.6B |
总资产BXPSNOW
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.2B | ||
| Q3 25 | $26.0B | $8.2B | ||
| Q2 25 | $25.6B | $8.2B | ||
| Q1 25 | $25.4B | $9.0B | ||
| Q4 24 | $26.1B | $8.2B | ||
| Q3 24 | $26.4B | $6.9B | ||
| Q2 24 | $25.5B | $7.3B |
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 | — | $137.5M |
| 自由现金流经营现金流 - 资本支出 | — | $113.6M |
| 自由现金流率自由现金流/营收 | — | 9.4% |
| 资本支出强度资本支出/营收 | 1.5% | 2.0% |
| 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 | — | $776.7M |
8季度趋势，按日历期对齐
经营现金流BXPSNOW
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $137.5M | ||
| Q3 25 | $274.2M | $74.9M | ||
| Q2 25 | $353.1M | $228.4M | ||
| Q1 25 | $210.0M | $432.7M | ||
| Q4 24 | $383.7M | $101.7M | ||
| Q3 24 | $286.1M | $69.9M | ||
| Q2 24 | $367.1M | $355.5M |
自由现金流BXPSNOW
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $113.6M | ||
| Q3 25 | $231.6M | $58.2M | ||
| Q2 25 | $281.5M | $183.4M | ||
| Q1 25 | $152.6M | $421.4M | ||
| Q4 24 | $312.5M | $88.3M | ||
| Q3 24 | $234.5M | $64.8M | ||
| Q2 24 | $332.4M | $338.9M |
自由现金流率BXPSNOW
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 9.4% | ||
| Q3 25 | 26.6% | 5.1% | ||
| Q2 25 | 32.4% | 17.6% | ||
| Q1 25 | 17.6% | 42.7% | ||
| Q4 24 | 36.4% | 9.4% | ||
| Q3 24 | 27.3% | 7.5% | ||
| Q2 24 | 39.1% | 40.9% |
资本支出强度BXPSNOW
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.0% | ||
| Q3 25 | 4.9% | 1.5% | ||
| Q2 25 | 8.2% | 4.3% | ||
| Q1 25 | 6.6% | 1.1% | ||
| Q4 24 | 8.3% | 1.4% | ||
| Q3 24 | 6.0% | 0.6% | ||
| Q2 24 | 4.1% | 2.0% |
现金转化率BXPSNOW
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
