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BXP, Inc.（BXP）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是BXP, Inc.的1.1倍（$969.8M vs $872.1M），天宝净利率更高（16.1% vs 15.3%，领先0.9%），BXP, Inc.同比增速更快（0.8% vs -73.7%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
BXP vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.1倍
$872.1M
营收增速更快
BXP
高出74.5%
-73.7%
净利率更高
TRMB
高出0.9%
15.3%
两年增速更快
BXP
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $969.8M |
| 净利润 | $133.0M | $156.6M |
| 毛利率 | — | 72.0% |
| 营业利润率 | — | 22.3% |
| 净利率 | 15.3% | 16.1% |
| 营收同比 | 0.8% | -73.7% |
| 净利润同比 | 53.0% | 73.6% |
| 每股收益（稀释后） | $1.69 | $0.65 |
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BXPTRMB
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $901.2M | ||
| Q3 25 | $871.5M | $875.7M | ||
| Q2 25 | $868.5M | $840.6M | ||
| Q1 25 | $865.2M | $983.4M | ||
| Q4 24 | $858.6M | — | ||
| Q3 24 | $859.2M | $875.8M | ||
| Q2 24 | $850.5M | $870.8M |
净利润BXPTRMB
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $111.5M | ||
| Q3 25 | $-121.7M | $89.2M | ||
| Q2 25 | $89.0M | $66.7M | ||
| Q1 25 | $61.2M | $90.2M | ||
| Q4 24 | $-228.9M | — | ||
| Q3 24 | $83.6M | $40.6M | ||
| Q2 24 | $79.6M | $1.3B |
毛利率BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 68.9% | ||
| Q3 25 | 59.3% | 68.3% | ||
| Q2 25 | 59.2% | 66.7% | ||
| Q1 25 | 59.2% | 69.3% | ||
| Q4 24 | 59.7% | — | ||
| Q3 24 | 59.5% | 65.7% | ||
| Q2 24 | 59.8% | 62.7% |
营业利润率BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 7.1% |
净利率BXPTRMB
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 12.4% | ||
| Q3 25 | -14.0% | 10.2% | ||
| Q2 25 | 10.2% | 7.9% | ||
| Q1 25 | 7.1% | 9.2% | ||
| Q4 24 | -26.7% | — | ||
| Q3 24 | 9.7% | 4.6% | ||
| Q2 24 | 9.4% | 151.2% |
每股收益（稀释后）BXPTRMB
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.46 | ||
| Q3 25 | $-0.77 | $0.37 | ||
| Q2 25 | $0.56 | $0.27 | ||
| Q1 25 | $0.39 | $0.36 | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | $0.16 | ||
| Q2 24 | $0.51 | $5.34 |
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 | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $7.7B | $5.8B |
| 总资产 | $25.1B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资BXPTRMB
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $232.7M | ||
| Q3 25 | $861.1M | $265.9M | ||
| Q2 25 | $447.0M | $290.0M | ||
| Q1 25 | $398.1M | $738.8M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $685.4M | $944.1M |
总债务BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPTRMB
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $5.8B | ||
| Q3 25 | $5.0B | $5.7B | ||
| Q2 25 | $5.3B | $5.4B | ||
| Q1 25 | $5.3B | $5.7B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.8B | $5.9B | ||
| Q2 24 | $5.8B | $5.6B |
总资产BXPTRMB
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $9.0B | ||
| Q3 25 | $26.0B | $9.1B | ||
| Q2 25 | $25.6B | $8.9B | ||
| Q1 25 | $25.4B | $9.5B | ||
| Q4 24 | $26.1B | — | ||
| Q3 24 | $26.4B | $9.9B | ||
| Q2 24 | $25.5B | $9.6B |
负债/权益比BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| 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 | — | $386.2M |
| 自由现金流经营现金流 - 资本支出 | — | $360.9M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 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 | — | 2.47× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $123.8M | ||
| Q2 25 | $353.1M | $155.6M | ||
| Q1 25 | $210.0M | $115.1M | ||
| Q4 24 | $383.7M | — | ||
| Q3 24 | $286.1M | $94.9M | ||
| Q2 24 | $367.1M | $87.6M |
自由现金流BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $116.6M | ||
| Q2 25 | $281.5M | $149.0M | ||
| Q1 25 | $152.6M | $109.0M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | $88.5M | ||
| Q2 24 | $332.4M | $73.3M |
自由现金流率BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 13.3% | ||
| Q2 25 | 32.4% | 17.7% | ||
| Q1 25 | 17.6% | 11.1% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | 10.1% | ||
| Q2 24 | 39.1% | 8.4% |
资本支出强度BXPTRMB
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 0.8% | ||
| Q2 25 | 8.2% | 0.8% | ||
| Q1 25 | 6.6% | 0.6% | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | 0.7% | ||
| Q2 24 | 4.1% | 1.6% |
现金转化率BXPTRMB
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | 3.97× | 2.33× | ||
| Q1 25 | 3.43× | 1.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | 2.34× | ||
| Q2 24 | 4.61× | 0.07× |
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% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
