vs
BXP, Inc.（BXP）与HANOVER INSURANCE GROUP, INC.（THG）财务数据对比。点击上方公司名可切换其他公司
HANOVER INSURANCE GROUP, INC.的季度营收约是BXP, Inc.的2.0倍（$1.7B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 11.0%，领先4.3%），HANOVER INSURANCE GROUP, INC.同比增速更快（6.1% vs 0.8%），过去两年HANOVER INSURANCE GROUP, INC.的营收复合增速更高（5.2% 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。
汉诺威保险集团是总部位于美国马萨诸塞州伍斯特市的保险企业，1852年成立时主营财产责任保险，以原名公开上市交易，直至上世纪90年代初更名为Allmerica财产意外伤害保险公司。
BXP vs THG — 直观对比
营收规模更大
THG
是对方的2.0倍
$872.1M
营收增速更快
THG
高出5.3%
0.8%
净利率更高
BXP
高出4.3%
11.0%
两年增速更快
THG
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.7B |
| 净利润 | $133.0M | $186.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 11.1% |
| 净利率 | 15.3% | 11.0% |
| 营收同比 | 0.8% | 6.1% |
| 净利润同比 | 53.0% | 45.7% |
| 每股收益（稀释后） | $1.69 | — |
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BXPTHG
| Q1 26 | $872.1M | $1.7B | ||
| Q4 25 | $877.1M | $1.7B | ||
| Q3 25 | $871.5M | $1.7B | ||
| Q2 25 | $868.5M | $1.7B | ||
| Q1 25 | $865.2M | $1.6B | ||
| Q4 24 | $858.6M | $1.6B | ||
| Q3 24 | $859.2M | $1.6B | ||
| Q2 24 | $850.5M | $1.5B |
净利润BXPTHG
| Q1 26 | $133.0M | $186.8M | ||
| Q4 25 | $248.4M | $198.5M | ||
| Q3 25 | $-121.7M | $178.7M | ||
| Q2 25 | $89.0M | $157.1M | ||
| Q1 25 | $61.2M | $128.2M | ||
| Q4 24 | $-228.9M | $167.9M | ||
| Q3 24 | $83.6M | $102.1M | ||
| Q2 24 | $79.6M | $40.5M |
毛利率BXPTHG
| 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BXPTHG
| Q1 26 | — | 11.1% | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 6.2% |
净利率BXPTHG
| Q1 26 | 15.3% | 11.0% | ||
| Q4 25 | 28.3% | 11.9% | ||
| Q3 25 | -14.0% | 10.7% | ||
| Q2 25 | 10.2% | 9.5% | ||
| Q1 25 | 7.1% | 8.0% | ||
| Q4 24 | -26.7% | 10.6% | ||
| Q3 24 | 9.7% | 6.5% | ||
| Q2 24 | 9.4% | 2.6% |
每股收益（稀释后）BXPTHG
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $5.46 | ||
| Q3 25 | $-0.77 | $4.90 | ||
| Q2 25 | $0.56 | $4.30 | ||
| Q1 25 | $0.39 | $3.50 | ||
| Q4 24 | $-1.46 | $4.60 | ||
| Q3 24 | $0.53 | $2.80 | ||
| Q2 24 | $0.51 | $1.12 |
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 | $243.5M |
| 总债务越低越好 | — | $843.8M |
| 股东权益账面价值 | $7.7B | $3.0B |
| 总资产 | $25.1B | $16.5B |
| 负债/权益比越低杠杆越低 | — | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资BXPTHG
| Q1 26 | $512.8M | $243.5M | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $861.1M | $915.7M | ||
| Q2 25 | $447.0M | $244.1M | ||
| Q1 25 | $398.1M | $315.1M | ||
| Q4 24 | $1.3B | $435.5M | ||
| Q3 24 | $1.4B | $427.1M | ||
| Q2 24 | $685.4M | $337.6M |
总债务BXPTHG
| Q1 26 | — | $843.8M | ||
| Q4 25 | — | $843.3M | ||
| Q3 25 | — | $843.0M | ||
| Q2 25 | — | $347.8M | ||
| Q1 25 | — | $722.5M | ||
| Q4 24 | — | $722.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPTHG
| Q1 26 | $7.7B | $3.0B | ||
| Q4 25 | $5.1B | $3.6B | ||
| Q3 25 | $5.0B | $3.4B | ||
| Q2 25 | $5.3B | $3.2B | ||
| Q1 25 | $5.3B | $3.0B | ||
| Q4 24 | $5.4B | $2.8B | ||
| Q3 24 | $5.8B | $2.9B | ||
| Q2 24 | $5.8B | $2.6B |
总资产BXPTHG
| Q1 26 | $25.1B | $16.5B | ||
| Q4 25 | $26.2B | $16.9B | ||
| Q3 25 | $26.0B | $16.8B | ||
| Q2 25 | $25.6B | $15.7B | ||
| Q1 25 | $25.4B | $15.5B | ||
| Q4 24 | $26.1B | $15.3B | ||
| Q3 24 | $26.4B | $15.4B | ||
| Q2 24 | $25.5B | $14.9B |
负债/权益比BXPTHG
| Q1 26 | — | 0.28× | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.25× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
THG
| Premiums earned | $1.6B | 92% |
| Other | $124.6M | 7% |
| Fees and other income | $6.2M | 0% |
