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BXP, Inc.（BXP）与Tyler Technologies（TYL）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Tyler Technologies的1.4倍（$872.1M vs $613.5M），BXP, Inc.净利率更高（15.3% vs 13.2%，领先2.0%），Tyler Technologies同比增速更快（8.6% vs 0.8%），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
BXP vs TYL — 直观对比
营收规模更大
BXP
是对方的1.4倍
$613.5M
营收增速更快
TYL
高出7.8%
0.8%
净利率更高
BXP
高出2.0%
13.2%
两年增速更快
TYL
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $613.5M |
| 净利润 | $133.0M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | — | 16.3% |
| 净利率 | 15.3% | 13.2% |
| 营收同比 | 0.8% | 8.6% |
| 净利润同比 | 53.0% | — |
| 每股收益（稀释后） | $1.69 | $1.88 |
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BXPTYL
| Q1 26 | $872.1M | $613.5M | ||
| Q4 25 | $877.1M | $575.2M | ||
| Q3 25 | $871.5M | $595.9M | ||
| Q2 25 | $868.5M | $596.1M | ||
| Q1 25 | $865.2M | $565.2M | ||
| Q4 24 | $858.6M | $541.1M | ||
| Q3 24 | $859.2M | $543.3M | ||
| Q2 24 | $850.5M | $541.0M |
净利润BXPTYL
| Q1 26 | $133.0M | $81.2M | ||
| Q4 25 | $248.4M | $65.5M | ||
| Q3 25 | $-121.7M | $84.4M | ||
| Q2 25 | $89.0M | $84.6M | ||
| Q1 25 | $61.2M | $81.1M | ||
| Q4 24 | $-228.9M | $65.2M | ||
| Q3 24 | $83.6M | $75.9M | ||
| Q2 24 | $79.6M | $67.7M |
毛利率BXPTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 58.8% | 45.5% | ||
| Q3 25 | 59.3% | 47.2% | ||
| Q2 25 | 59.2% | 45.8% | ||
| Q1 25 | 59.2% | 47.3% | ||
| Q4 24 | 59.7% | 43.8% | ||
| Q3 24 | 59.5% | 43.7% | ||
| Q2 24 | 59.8% | 44.0% |
营业利润率BXPTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 16.0% | ||
| Q1 25 | — | 15.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 14.4% |
净利率BXPTYL
| Q1 26 | 15.3% | 13.2% | ||
| Q4 25 | 28.3% | 11.4% | ||
| Q3 25 | -14.0% | 14.2% | ||
| Q2 25 | 10.2% | 14.2% | ||
| Q1 25 | 7.1% | 14.3% | ||
| Q4 24 | -26.7% | 12.1% | ||
| Q3 24 | 9.7% | 14.0% | ||
| Q2 24 | 9.4% | 12.5% |
每股收益（稀释后）BXPTYL
| Q1 26 | $1.69 | $1.88 | ||
| Q4 25 | $1.56 | $1.50 | ||
| Q3 25 | $-0.77 | $1.93 | ||
| Q2 25 | $0.56 | $1.93 | ||
| Q1 25 | $0.39 | $1.84 | ||
| Q4 24 | $-1.46 | $1.48 | ||
| Q3 24 | $0.53 | $1.74 | ||
| Q2 24 | $0.51 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.6B |
| 总资产 | $25.1B | $4.8B |
| 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BXPTYL
| Q1 26 | $512.8M | $346.4M | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $861.1M | $950.8M | ||
| Q2 25 | $447.0M | $892.3M | ||
| Q1 25 | $398.1M | $807.4M | ||
| Q4 24 | $1.3B | $768.0M | ||
| Q3 24 | $1.4B | $544.3M | ||
| Q2 24 | $685.4M | $258.0M |
总债务BXPTYL
| Q1 26 | — | — | ||
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M |
股东权益BXPTYL
| Q1 26 | $7.7B | $3.6B | ||
| Q4 25 | $5.1B | $3.7B | ||
| Q3 25 | $5.0B | $3.6B | ||
| Q2 25 | $5.3B | $3.6B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $5.4B | $3.4B | ||
| Q3 24 | $5.8B | $3.3B | ||
| Q2 24 | $5.8B | $3.1B |
总资产BXPTYL
| Q1 26 | $25.1B | $4.8B | ||
| Q4 25 | $26.2B | $5.6B | ||
| Q3 25 | $26.0B | $5.5B | ||
| Q2 25 | $25.6B | $5.4B | ||
| Q1 25 | $25.4B | $5.2B | ||
| Q4 24 | $26.1B | $5.2B | ||
| Q3 24 | $26.4B | $5.0B | ||
| Q2 24 | $25.5B | $4.8B |
负债/权益比BXPTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× |
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 | — | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流BXPTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $407.8M | $243.9M | ||
| Q3 25 | $274.2M | $255.2M | ||
| Q2 25 | $353.1M | $98.3M | ||
| Q1 25 | $210.0M | $56.2M | ||
| Q4 24 | $383.7M | $224.8M | ||
| Q3 24 | $286.1M | $263.7M | ||
| Q2 24 | $367.1M | $64.3M |
自由现金流BXPTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $362.7M | $239.6M | ||
| Q3 25 | $231.6M | $251.3M | ||
| Q2 25 | $281.5M | $92.8M | ||
| Q1 25 | $152.6M | $53.8M | ||
| Q4 24 | $312.5M | $221.0M | ||
| Q3 24 | $234.5M | $260.8M | ||
| Q2 24 | $332.4M | $57.7M |
自由现金流率BXPTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 41.4% | 41.7% | ||
| Q3 25 | 26.6% | 42.2% | ||
| Q2 25 | 32.4% | 15.6% | ||
| Q1 25 | 17.6% | 9.5% | ||
| Q4 24 | 36.4% | 40.8% | ||
| Q3 24 | 27.3% | 48.0% | ||
| Q2 24 | 39.1% | 10.7% |
资本支出强度BXPTYL
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.8% | ||
| Q3 25 | 4.9% | 0.7% | ||
| Q2 25 | 8.2% | 0.9% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 8.3% | 0.7% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 4.1% | 1.2% |
现金转化率BXPTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 1.64× | 3.72× | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | 3.97× | 1.16× | ||
| Q1 25 | 3.43× | 0.69× | ||
| Q4 24 | — | 3.45× | ||
| Q3 24 | 3.42× | 3.47× | ||
| Q2 24 | 4.61× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
