vs
BXP, Inc.（BXP）与TEREX CORP（TEX）财务数据对比。点击上方公司名可切换其他公司
TEREX CORP的季度营收约是BXP, Inc.的1.5倍（$1.3B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 4.8%，领先10.5%），TEREX CORP同比增速更快（6.2% vs 0.8%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs 1.0%）
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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
BXP vs TEX — 直观对比
营收规模更大
TEX
是对方的1.5倍
$872.1M
营收增速更快
TEX
高出5.4%
0.8%
净利率更高
BXP
高出10.5%
4.8%
两年增速更快
BXP
近两年复合增速
1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.3B |
| 净利润 | $133.0M | $63.0M |
| 毛利率 | — | 18.8% |
| 营业利润率 | — | 10.4% |
| 净利率 | 15.3% | 4.8% |
| 营收同比 | 0.8% | 6.2% |
| 净利润同比 | 53.0% | 2963.6% |
| 每股收益（稀释后） | $1.69 | $0.95 |
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BXPTEX
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.3B | ||
| Q3 25 | $871.5M | $1.4B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.4B |
净利润BXPTEX
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $63.0M | ||
| Q3 25 | $-121.7M | $65.0M | ||
| Q2 25 | $89.0M | $72.0M | ||
| Q1 25 | $61.2M | $21.0M | ||
| Q4 24 | $-228.9M | $-2.2M | ||
| Q3 24 | $83.6M | $88.0M | ||
| Q2 24 | $79.6M | $140.7M |
毛利率BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 18.8% | ||
| Q3 25 | 59.3% | 20.3% | ||
| Q2 25 | 59.2% | 19.6% | ||
| Q1 25 | 59.2% | 18.7% | ||
| Q4 24 | 59.7% | 15.9% | ||
| Q3 24 | 59.5% | 20.2% | ||
| Q2 24 | 59.8% | 23.8% |
营业利润率BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 10.1% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 14.0% |
净利率BXPTEX
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 4.8% | ||
| Q3 25 | -14.0% | 4.7% | ||
| Q2 25 | 10.2% | 4.8% | ||
| Q1 25 | 7.1% | 1.7% | ||
| Q4 24 | -26.7% | -0.2% | ||
| Q3 24 | 9.7% | 7.3% | ||
| Q2 24 | 9.4% | 10.2% |
每股收益（稀释后）BXPTEX
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.95 | ||
| Q3 25 | $-0.77 | $0.98 | ||
| Q2 25 | $0.56 | $1.09 | ||
| Q1 25 | $0.39 | $0.31 | ||
| Q4 24 | $-1.46 | $-0.03 | ||
| Q3 24 | $0.53 | $1.31 | ||
| Q2 24 | $0.51 | $2.08 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $7.7B | $2.1B |
| 总资产 | $25.1B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资BXPTEX
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $772.0M | ||
| Q3 25 | $861.1M | $509.0M | ||
| Q2 25 | $447.0M | $374.0M | ||
| Q1 25 | $398.1M | $298.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $1.4B | $352.0M | ||
| Q2 24 | $685.4M | $319.3M |
总债务BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPTEX
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.1B | ||
| Q3 25 | $5.0B | $2.0B | ||
| Q2 25 | $5.3B | $2.0B | ||
| Q1 25 | $5.3B | $1.8B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $2.0B | ||
| Q2 24 | $5.8B | $1.8B |
总资产BXPTEX
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $6.1B | ||
| Q3 25 | $26.0B | $6.2B | ||
| Q2 25 | $25.6B | $6.2B | ||
| Q1 25 | $25.4B | $5.8B | ||
| Q4 24 | $26.1B | $5.7B | ||
| Q3 24 | $26.4B | $3.8B | ||
| Q2 24 | $25.5B | $3.8B |
负债/权益比BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $205.0M |
| 自由现金流经营现金流 - 资本支出 | — | $171.0M |
| 自由现金流率自由现金流/营收 | — | 13.0% |
| 资本支出强度资本支出/营收 | 1.5% | 2.6% |
| 现金转化率经营现金流/净利润 | — | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $205.0M | ||
| Q3 25 | $274.2M | $154.0M | ||
| Q2 25 | $353.1M | $102.0M | ||
| Q1 25 | $210.0M | $-21.0M | ||
| Q4 24 | $383.7M | $177.0M | ||
| Q3 24 | $286.1M | $116.4M | ||
| Q2 24 | $367.1M | $66.5M |
自由现金流BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $171.0M | ||
| Q3 25 | $231.6M | $130.0M | ||
| Q2 25 | $281.5M | $78.0M | ||
| Q1 25 | $152.6M | $-57.0M | ||
| Q4 24 | $312.5M | $128.0M | ||
| Q3 24 | $234.5M | $87.4M | ||
| Q2 24 | $332.4M | $42.5M |
自由现金流率BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 13.0% | ||
| Q3 25 | 26.6% | 9.4% | ||
| Q2 25 | 32.4% | 5.2% | ||
| Q1 25 | 17.6% | -4.6% | ||
| Q4 24 | 36.4% | 10.3% | ||
| Q3 24 | 27.3% | 7.2% | ||
| Q2 24 | 39.1% | 3.1% |
资本支出强度BXPTEX
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.6% | ||
| Q3 25 | 4.9% | 1.7% | ||
| Q2 25 | 8.2% | 1.6% | ||
| Q1 25 | 6.6% | 2.9% | ||
| Q4 24 | 8.3% | 3.9% | ||
| Q3 24 | 6.0% | 2.4% | ||
| Q2 24 | 4.1% | 1.7% |
现金转化率BXPTEX
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.25× | ||
| Q3 25 | — | 2.37× | ||
| Q2 25 | 3.97× | 1.42× | ||
| Q1 25 | 3.43× | -1.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 1.32× | ||
| Q2 24 | 4.61× | 0.47× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
