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BXP, Inc.（BXP）与环联（TRU）财务数据对比。点击上方公司名可切换其他公司
环联的季度营收约是BXP, Inc.的1.3倍（$1.2B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 8.6%，领先6.6%），环联同比增速更快（13.0% vs 0.8%），过去两年环联的营收复合增速更高（7.1% 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。
环联是美国知名消费者信用报告机构，与益博睿、艾奎法克斯并列美国三大征信机构，总部位于伊利诺伊州芝加哥。目前其业务覆盖30余个国家，累计收集超10亿消费者的信用信息，持有美国几乎所有有信用记录消费者的超2亿份档案，服务超6.5万家企业客户，2014年营收达13亿美元。
BXP vs TRU — 直观对比
营收规模更大
TRU
是对方的1.3倍
$872.1M
营收增速更快
TRU
高出12.2%
0.8%
净利率更高
BXP
高出6.6%
8.6%
两年增速更快
TRU
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $101.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.4% |
| 净利率 | 15.3% | 8.6% |
| 营收同比 | 0.8% | 13.0% |
| 净利润同比 | 53.0% | 52.5% |
| 每股收益（稀释后） | $1.69 | $0.52 |
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BXPTRU
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.1B | ||
| Q1 25 | $865.2M | $1.1B | ||
| Q4 24 | $858.6M | $1.0B | ||
| Q3 24 | $859.2M | $1.1B | ||
| Q2 24 | $850.5M | $1.0B |
净利润BXPTRU
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $101.1M | ||
| Q3 25 | $-121.7M | $96.6M | ||
| Q2 25 | $89.0M | $109.6M | ||
| Q1 25 | $61.2M | $148.1M | ||
| Q4 24 | $-228.9M | $66.3M | ||
| Q3 24 | $83.6M | $68.0M | ||
| Q2 24 | $79.6M | $85.0M |
毛利率BXPTRU
| 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BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 23.2% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 17.5% |
净利率BXPTRU
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 8.6% | ||
| Q3 25 | -14.0% | 8.3% | ||
| Q2 25 | 10.2% | 9.6% | ||
| Q1 25 | 7.1% | 13.5% | ||
| Q4 24 | -26.7% | 6.4% | ||
| Q3 24 | 9.7% | 6.3% | ||
| Q2 24 | 9.4% | 8.2% |
每股收益（稀释后）BXPTRU
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.52 | ||
| Q3 25 | $-0.77 | $0.49 | ||
| Q2 25 | $0.56 | $0.56 | ||
| Q1 25 | $0.39 | $0.75 | ||
| Q4 24 | $-1.46 | $0.33 | ||
| Q3 24 | $0.53 | $0.35 | ||
| Q2 24 | $0.51 | $0.44 |
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 | $856.3M |
| 总债务越低越好 | — | $4.9B |
| 股东权益账面价值 | $7.7B | $4.4B |
| 总资产 | $25.1B | $11.1B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资BXPTRU
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $856.3M | ||
| Q3 25 | $861.1M | $752.5M | ||
| Q2 25 | $447.0M | $690.0M | ||
| Q1 25 | $398.1M | $612.5M | ||
| Q4 24 | $1.3B | $682.0M | ||
| Q3 24 | $1.4B | $646.0M | ||
| Q2 24 | $685.4M | $545.8M |
总债务BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPTRU
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $4.4B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $5.3B | $4.5B | ||
| Q1 25 | $5.3B | $4.4B | ||
| Q4 24 | $5.4B | $4.2B | ||
| Q3 24 | $5.8B | $4.2B | ||
| Q2 24 | $5.8B | $4.1B |
总资产BXPTRU
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $11.1B | ||
| Q3 25 | $26.0B | $11.1B | ||
| Q2 25 | $25.6B | $11.1B | ||
| Q1 25 | $25.4B | $10.9B | ||
| Q4 24 | $26.1B | $11.0B | ||
| Q3 24 | $26.4B | $11.1B | ||
| Q2 24 | $25.5B | $11.0B |
负债/权益比BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.20× | ||
| 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 | — | $319.5M |
| 自由现金流经营现金流 - 资本支出 | — | $222.8M |
| 自由现金流率自由现金流/营收 | — | 19.0% |
| 资本支出强度资本支出/营收 | 1.5% | 8.3% |
| 现金转化率经营现金流/净利润 | — | 3.16× |
| 过去12个月自由现金流最近4个季度 | — | $661.6M |
8季度趋势，按日历期对齐
经营现金流BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $319.5M | ||
| Q3 25 | $274.2M | $324.3M | ||
| Q2 25 | $353.1M | $291.3M | ||
| Q1 25 | $210.0M | $52.5M | ||
| Q4 24 | $383.7M | $254.0M | ||
| Q3 24 | $286.1M | $229.3M | ||
| Q2 24 | $367.1M | $295.2M |
自由现金流BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $222.8M | ||
| Q3 25 | $231.6M | $240.4M | ||
| Q2 25 | $281.5M | $214.3M | ||
| Q1 25 | $152.6M | $-15.9M | ||
| Q4 24 | $312.5M | $136.9M | ||
| Q3 24 | $234.5M | $161.3M | ||
| Q2 24 | $332.4M | $226.9M |
自由现金流率BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 19.0% | ||
| Q3 25 | 26.6% | 20.6% | ||
| Q2 25 | 32.4% | 18.8% | ||
| Q1 25 | 17.6% | -1.5% | ||
| Q4 24 | 36.4% | 13.2% | ||
| Q3 24 | 27.3% | 14.9% | ||
| Q2 24 | 39.1% | 21.8% |
资本支出强度BXPTRU
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 8.3% | ||
| Q3 25 | 4.9% | 7.2% | ||
| Q2 25 | 8.2% | 6.8% | ||
| Q1 25 | 6.6% | 6.2% | ||
| Q4 24 | 8.3% | 11.3% | ||
| Q3 24 | 6.0% | 6.3% | ||
| Q2 24 | 4.1% | 6.6% |
现金转化率BXPTRU
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 3.16× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 3.97× | 2.66× | ||
| Q1 25 | 3.43× | 0.35× | ||
| Q4 24 | — | 3.83× | ||
| Q3 24 | 3.42× | 3.37× | ||
| Q2 24 | 4.61× | 3.47× |
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% |
TRU
暂无分部数据
