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BXP, Inc.（BXP）与STRATUS PROPERTIES INC（STRS）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STRATUS PROPERTIES INC的105.7倍（$877.1M vs $8.3M）。STRATUS PROPERTIES INC净利率更高（203.2% vs 28.3%，领先174.9%）。BXP, Inc.同比增速更快（2.2% vs -19.4%）。BXP, Inc.自由现金流更多（$362.7M vs $-5.8M）。过去两年BXP, Inc.的营收复合增速更高（2.2% vs -44.1%）
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。
该企业是一家涵盖酒店、度假村、娱乐与传媒业务的综合性公司，名称源自其旗下资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司发展可追溯至爱德华·盖洛德旗下俄克拉荷马出版公司的子公司时期，1983年收购WSM公司后奠定了现代企业的业务基础，借此获得了大奥普里等知名相关资产。
BXP vs STRS — 直观对比
营收规模更大
BXP
是对方的105.7倍
$8.3M
营收增速更快
BXP
高出21.6%
-19.4%
净利率更高
STRS
高出174.9%
28.3%
自由现金流更多
BXP
多$368.6M
$-5.8M
两年增速更快
BXP
近两年复合增速
-44.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $877.1M | $8.3M |
| 净利润 | $248.4M | $16.9M |
| 毛利率 | 58.8% | — |
| 营业利润率 | — | — |
| 净利率 | 28.3% | 203.2% |
| 营收同比 | 2.2% | -19.4% |
| 净利润同比 | 208.5% | 1293.4% |
| 每股收益（稀释后） | $1.56 | $2.42 |
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BXPSTRS
| Q4 25 | $877.1M | $8.3M | ||
| Q3 25 | $871.5M | $5.0M | ||
| Q2 25 | $868.5M | $11.6M | ||
| Q1 25 | $865.2M | $5.0M | ||
| Q4 24 | $858.6M | $10.3M | ||
| Q3 24 | $859.2M | $8.9M | ||
| Q2 24 | $850.5M | $8.5M | ||
| Q1 24 | $839.4M | $26.5M |
净利润BXPSTRS
| Q4 25 | $248.4M | $16.9M | ||
| Q3 25 | $-121.7M | $-8.0M | ||
| Q2 25 | $89.0M | $-2.3M | ||
| Q1 25 | $61.2M | $-3.8M | ||
| Q4 24 | $-228.9M | $-1.4M | ||
| Q3 24 | $83.6M | $-1.4M | ||
| Q2 24 | $79.6M | $-2.8M | ||
| Q1 24 | $79.9M | $3.7M |
毛利率BXPSTRS
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | -85.1% | ||
| Q2 25 | 59.2% | -19.0% | ||
| Q1 25 | 59.2% | 5.1% | ||
| Q4 24 | 59.7% | 18.3% | ||
| Q3 24 | 59.5% | 2.5% | ||
| Q2 24 | 59.8% | 10.9% | ||
| Q1 24 | 60.6% | 30.7% |
营业利润率BXPSTRS
| Q4 25 | — | — | ||
| Q3 25 | — | -162.9% | ||
| Q2 25 | — | -6.5% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -13.6% | ||
| Q3 24 | — | -17.1% | ||
| Q2 24 | — | -34.4% | ||
| Q1 24 | — | 13.9% |
净利率BXPSTRS
| Q4 25 | 28.3% | 203.2% | ||
| Q3 25 | -14.0% | -161.1% | ||
| Q2 25 | 10.2% | -19.8% | ||
| Q1 25 | 7.1% | -74.5% | ||
| Q4 24 | -26.7% | -13.7% | ||
| Q3 24 | 9.7% | -15.9% | ||
| Q2 24 | 9.4% | -32.7% | ||
| Q1 24 | 9.5% | 13.9% |
每股收益（稀释后）BXPSTRS
| Q4 25 | $1.56 | $2.42 | ||
| Q3 25 | $-0.77 | $-0.62 | ||
| Q2 25 | $0.56 | $0.03 | ||
| Q1 25 | $0.39 | $-0.36 | ||
| Q4 24 | $-1.46 | $-0.06 | ||
| Q3 24 | $0.53 | $-0.05 | ||
| Q2 24 | $0.51 | $-0.21 | ||
| Q1 24 | $0.51 | $0.56 |
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 | $1.5B | $74.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.1B | $204.5M |
| 总资产 | $26.2B | $563.4M |
| 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BXPSTRS
| Q4 25 | $1.5B | $74.3M | ||
| Q3 25 | $861.1M | $55.0M | ||
| Q2 25 | $447.0M | $59.4M | ||
| Q1 25 | $398.1M | $12.0M | ||
| Q4 24 | $1.3B | $20.2M | ||
| Q3 24 | $1.4B | $19.6M | ||
| Q2 24 | $685.4M | $13.5M | ||
| Q1 24 | $701.7M | $20.7M |
股东权益BXPSTRS
| Q4 25 | $5.1B | $204.5M | ||
| Q3 25 | $5.0B | $185.8M | ||
| Q2 25 | $5.3B | $191.9M | ||
| Q1 25 | $5.3B | $191.5M | ||
| Q4 24 | $5.4B | $194.7M | ||
| Q3 24 | $5.8B | $196.4M | ||
| Q2 24 | $5.8B | $196.3M | ||
| Q1 24 | $5.9B | $197.6M |
总资产BXPSTRS
| Q4 25 | $26.2B | $563.4M | ||
| Q3 25 | $26.0B | $572.6M | ||
| Q2 25 | $25.6B | $574.8M | ||
| Q1 25 | $25.4B | $534.6M | ||
| Q4 24 | $26.1B | $532.6M | ||
| Q3 24 | $26.4B | $523.2M | ||
| Q2 24 | $25.5B | $514.0M | ||
| Q1 24 | $25.5B | $509.5M |
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 | $407.8M | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $362.7M | $-5.8M |
| 自由现金流率自由现金流/营收 | 41.4% | -70.2% |
| 资本支出强度资本支出/营收 | 5.1% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.64× | -0.34× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $-38.0M |
8季度趋势，按日历期对齐
经营现金流BXPSTRS
| Q4 25 | $407.8M | $-5.8M | ||
| Q3 25 | $274.2M | $-9.0M | ||
| Q2 25 | $353.1M | $-1.7M | ||
| Q1 25 | $210.0M | $-13.5M | ||
| Q4 24 | $383.7M | $-3.4M | ||
| Q3 24 | $286.1M | $-686.0K | ||
| Q2 24 | $367.1M | $-8.3M | ||
| Q1 24 | $197.6M | $6.5M |
自由现金流BXPSTRS
| Q4 25 | $362.7M | $-5.8M | ||
| Q3 25 | $231.6M | $-9.9M | ||
| Q2 25 | $281.5M | $-4.3M | ||
| Q1 25 | $152.6M | $-18.0M | ||
| Q4 24 | $312.5M | $-9.6M | ||
| Q3 24 | $234.5M | $-7.5M | ||
| Q2 24 | $332.4M | $-16.3M | ||
| Q1 24 | $165.5M | $-1.6M |
自由现金流率BXPSTRS
| Q4 25 | 41.4% | -70.2% | ||
| Q3 25 | 26.6% | -198.7% | ||
| Q2 25 | 32.4% | -37.2% | ||
| Q1 25 | 17.6% | -357.4% | ||
| Q4 24 | 36.4% | -93.4% | ||
| Q3 24 | 27.3% | -84.4% | ||
| Q2 24 | 39.1% | -191.6% | ||
| Q1 24 | 19.7% | -6.0% |
资本支出强度BXPSTRS
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | 4.9% | 18.4% | ||
| Q2 25 | 8.2% | 22.7% | ||
| Q1 25 | 6.6% | 89.8% | ||
| Q4 24 | 8.3% | 60.0% | ||
| Q3 24 | 6.0% | 76.7% | ||
| Q2 24 | 4.1% | 94.2% | ||
| Q1 24 | 3.8% | 30.7% |
现金转化率BXPSTRS
| Q4 25 | 1.64× | -0.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | — | ||
| Q1 24 | 2.47× | 1.77× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
