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BXP, Inc.（BXP）与SSR MINING INC.（SSRM）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SSR MINING INC.的1.7倍（$872.1M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 15.3%，领先19.5%），SSR MINING INC.同比增速更快（61.4% vs 0.8%），过去两年SSR MINING INC.的营收复合增速更高（50.5% 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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
BXP vs SSRM — 直观对比
营收规模更大
BXP
是对方的1.7倍
$521.7M
营收增速更快
SSRM
高出60.6%
0.8%
净利率更高
SSRM
高出19.5%
15.3%
两年增速更快
SSRM
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $521.7M |
| 净利润 | $133.0M | $181.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 38.8% |
| 净利率 | 15.3% | 34.8% |
| 营收同比 | 0.8% | 61.4% |
| 净利润同比 | 53.0% | 3166.6% |
| 每股收益（稀释后） | $1.69 | $0.84 |
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BXPSSRM
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $521.7M | ||
| Q3 25 | $871.5M | $385.8M | ||
| Q2 25 | $868.5M | $405.5M | ||
| Q1 25 | $865.2M | $316.6M | ||
| Q4 24 | $858.6M | $323.2M | ||
| Q3 24 | $859.2M | $257.4M | ||
| Q2 24 | $850.5M | $184.8M |
净利润BXPSSRM
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $181.5M | ||
| Q3 25 | $-121.7M | $65.4M | ||
| Q2 25 | $89.0M | $90.1M | ||
| Q1 25 | $61.2M | $58.8M | ||
| Q4 24 | $-228.9M | $5.6M | ||
| Q3 24 | $83.6M | $10.6M | ||
| Q2 24 | $79.6M | $9.7M |
毛利率BXPSSRM
| 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BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | — | 38.8% | ||
| Q3 25 | — | 21.6% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 5.8% |
净利率BXPSSRM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 34.8% | ||
| Q3 25 | -14.0% | 17.0% | ||
| Q2 25 | 10.2% | 22.2% | ||
| Q1 25 | 7.1% | 18.6% | ||
| Q4 24 | -26.7% | 1.7% | ||
| Q3 24 | 9.7% | 4.1% | ||
| Q2 24 | 9.4% | 5.2% |
每股收益（稀释后）BXPSSRM
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.84 | ||
| Q3 25 | $-0.77 | $0.31 | ||
| Q2 25 | $0.56 | $0.42 | ||
| Q1 25 | $0.39 | $0.28 | ||
| Q4 24 | $-1.46 | $0.03 | ||
| Q3 24 | $0.53 | $0.05 | ||
| Q2 24 | $0.51 | $0.05 |
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 | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.5B |
| 总资产 | $25.1B | $6.1B |
| 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BXPSSRM
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $575.6M | ||
| Q3 25 | $861.1M | $445.4M | ||
| Q2 25 | $447.0M | $438.5M | ||
| Q1 25 | $398.1M | $341.3M | ||
| Q4 24 | $1.3B | $417.3M | ||
| Q3 24 | $1.4B | $365.8M | ||
| Q2 24 | $685.4M | $384.4M |
总债务BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M |
股东权益BXPSSRM
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.5B | ||
| Q3 25 | $5.0B | $3.3B | ||
| Q2 25 | $5.3B | $3.3B | ||
| Q1 25 | $5.3B | $3.2B | ||
| Q4 24 | $5.4B | $3.1B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $3.1B |
总资产BXPSSRM
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $6.1B | ||
| Q3 25 | $26.0B | $5.9B | ||
| Q2 25 | $25.6B | $5.8B | ||
| Q1 25 | $25.4B | $5.6B | ||
| Q4 24 | $26.1B | $5.2B | ||
| Q3 24 | $26.4B | $5.1B | ||
| Q2 24 | $25.5B | $5.2B |
负债/权益比BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× |
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 | — | $172.1M |
| 自由现金流经营现金流 - 资本支出 | — | $106.4M |
| 自由现金流率自由现金流/营收 | — | 20.4% |
| 资本支出强度资本支出/营收 | 1.5% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $172.1M | ||
| Q3 25 | $274.2M | $57.2M | ||
| Q2 25 | $353.1M | $157.8M | ||
| Q1 25 | $210.0M | $84.8M | ||
| Q4 24 | $383.7M | $95.0M | ||
| Q3 24 | $286.1M | $-1.3M | ||
| Q2 24 | $367.1M | $-78.1M |
自由现金流BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $106.4M | ||
| Q3 25 | $231.6M | $-2.4M | ||
| Q2 25 | $281.5M | $98.4M | ||
| Q1 25 | $152.6M | $39.3M | ||
| Q4 24 | $312.5M | $56.4M | ||
| Q3 24 | $234.5M | $-34.1M | ||
| Q2 24 | $332.4M | $-116.3M |
自由现金流率BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 20.4% | ||
| Q3 25 | 26.6% | -0.6% | ||
| Q2 25 | 32.4% | 24.3% | ||
| Q1 25 | 17.6% | 12.4% | ||
| Q4 24 | 36.4% | 17.5% | ||
| Q3 24 | 27.3% | -13.2% | ||
| Q2 24 | 39.1% | -62.9% |
资本支出强度BXPSSRM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 12.6% | ||
| Q3 25 | 4.9% | 15.4% | ||
| Q2 25 | 8.2% | 14.7% | ||
| Q1 25 | 6.6% | 14.4% | ||
| Q4 24 | 8.3% | 11.9% | ||
| Q3 24 | 6.0% | 12.7% | ||
| Q2 24 | 4.1% | 20.7% |
现金转化率BXPSSRM
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | 3.97× | 1.75× | ||
| Q1 25 | 3.43× | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | 3.42× | -0.13× | ||
| Q2 24 | 4.61× | -8.06× |
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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
