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BXP, Inc.（BXP）与TRINITY INDUSTRIES INC（TRN）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TRINITY INDUSTRIES INC的1.4倍（$872.1M vs $611.2M），TRINITY INDUSTRIES INC净利率更高（31.8% vs 15.3%，领先16.5%），BXP, Inc.同比增速更快（0.8% vs -2.9%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
BXP vs TRN — 直观对比
营收规模更大
BXP
是对方的1.4倍
$611.2M
营收增速更快
BXP
高出3.7%
-2.9%
净利率更高
TRN
高出16.5%
15.3%
两年增速更快
BXP
近两年复合增速
-13.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $611.2M |
| 净利润 | $133.0M | $194.2M |
| 毛利率 | — | 25.5% |
| 营业利润率 | — | 54.9% |
| 净利率 | 15.3% | 31.8% |
| 营收同比 | 0.8% | -2.9% |
| 净利润同比 | 53.0% | 413.8% |
| 每股收益（稀释后） | $1.69 | $2.25 |
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BXPTRN
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $611.2M | ||
| Q3 25 | $871.5M | $454.1M | ||
| Q2 25 | $868.5M | $506.2M | ||
| Q1 25 | $865.2M | $585.4M | ||
| Q4 24 | $858.6M | $629.4M | ||
| Q3 24 | $859.2M | $798.8M | ||
| Q2 24 | $850.5M | $841.4M |
净利润BXPTRN
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $194.2M | ||
| Q3 25 | $-121.7M | $30.3M | ||
| Q2 25 | $89.0M | $14.1M | ||
| Q1 25 | $61.2M | $22.1M | ||
| Q4 24 | $-228.9M | $37.8M | ||
| Q3 24 | $83.6M | $31.4M | ||
| Q2 24 | $79.6M | $54.4M |
毛利率BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 25.5% | ||
| Q3 25 | 59.3% | 31.1% | ||
| Q2 25 | 59.2% | 26.4% | ||
| Q1 25 | 59.2% | 24.3% | ||
| Q4 24 | 59.7% | 24.6% | ||
| Q3 24 | 59.5% | 21.2% | ||
| Q2 24 | 59.8% | 21.3% |
营业利润率BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | — | 54.9% | ||
| Q3 25 | — | 26.1% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 16.9% |
净利率BXPTRN
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 31.8% | ||
| Q3 25 | -14.0% | 6.7% | ||
| Q2 25 | 10.2% | 2.8% | ||
| Q1 25 | 7.1% | 3.8% | ||
| Q4 24 | -26.7% | 6.0% | ||
| Q3 24 | 9.7% | 3.9% | ||
| Q2 24 | 9.4% | 6.5% |
每股收益（稀释后）BXPTRN
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.25 | ||
| Q3 25 | $-0.77 | $0.37 | ||
| Q2 25 | $0.56 | $0.17 | ||
| Q1 25 | $0.39 | $0.26 | ||
| Q4 24 | $-1.46 | $0.34 | ||
| Q3 24 | $0.53 | $0.37 | ||
| Q2 24 | $0.51 | $0.65 |
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 | $201.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $1.1B |
| 总资产 | $25.1B | $8.4B |
| 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BXPTRN
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $201.3M | ||
| Q3 25 | $861.1M | $66.3M | ||
| Q2 25 | $447.0M | $147.7M | ||
| Q1 25 | $398.1M | $94.9M | ||
| Q4 24 | $1.3B | $228.2M | ||
| Q3 24 | $1.4B | $222.4M | ||
| Q2 24 | $685.4M | $257.1M |
股东权益BXPTRN
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.1B | ||
| Q3 25 | $5.0B | $1.0B | ||
| Q2 25 | $5.3B | $1.0B | ||
| Q1 25 | $5.3B | $1.1B | ||
| Q4 24 | $5.4B | $1.1B | ||
| Q3 24 | $5.8B | $1.1B | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPTRN
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.4B | ||
| Q3 25 | $26.0B | $8.9B | ||
| Q2 25 | $25.6B | $8.8B | ||
| Q1 25 | $25.4B | $8.7B | ||
| Q4 24 | $26.1B | $8.8B | ||
| Q3 24 | $26.4B | $8.8B | ||
| Q2 24 | $25.5B | $9.0B |
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 | — | $177.4M |
| 自由现金流经营现金流 - 资本支出 | — | $158.6M |
| 自由现金流率自由现金流/营收 | — | 25.9% |
| 资本支出强度资本支出/营收 | 1.5% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 0.91× |
| 过去12个月自由现金流最近4个季度 | — | $314.1M |
8季度趋势，按日历期对齐
经营现金流BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $177.4M | ||
| Q3 25 | $274.2M | $44.2M | ||
| Q2 25 | $353.1M | $61.6M | ||
| Q1 25 | $210.0M | $76.5M | ||
| Q4 24 | $383.7M | $201.6M | ||
| Q3 24 | $286.1M | $78.5M | ||
| Q2 24 | $367.1M | $241.5M |
自由现金流BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $158.6M | ||
| Q3 25 | $231.6M | $35.3M | ||
| Q2 25 | $281.5M | $52.9M | ||
| Q1 25 | $152.6M | $67.3M | ||
| Q4 24 | $312.5M | $180.1M | ||
| Q3 24 | $234.5M | $62.1M | ||
| Q2 24 | $332.4M | $230.2M |
自由现金流率BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 25.9% | ||
| Q3 25 | 26.6% | 7.8% | ||
| Q2 25 | 32.4% | 10.5% | ||
| Q1 25 | 17.6% | 11.5% | ||
| Q4 24 | 36.4% | 28.6% | ||
| Q3 24 | 27.3% | 7.8% | ||
| Q2 24 | 39.1% | 27.4% |
资本支出强度BXPTRN
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 3.1% | ||
| Q3 25 | 4.9% | 2.0% | ||
| Q2 25 | 8.2% | 1.7% | ||
| Q1 25 | 6.6% | 1.6% | ||
| Q4 24 | 8.3% | 3.4% | ||
| Q3 24 | 6.0% | 2.1% | ||
| Q2 24 | 4.1% | 1.3% |
现金转化率BXPTRN
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.91× | ||
| Q3 25 | — | 1.46× | ||
| Q2 25 | 3.97× | 4.37× | ||
| Q1 25 | 3.43× | 3.46× | ||
| Q4 24 | — | 5.33× | ||
| Q3 24 | 3.42× | 2.50× | ||
| Q2 24 | 4.61× | 4.44× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
