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BXP, Inc.（BXP）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.1倍（$872.1M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 15.3%，领先13.4%），Ubiquiti Inc.同比增速更快（35.8% vs 0.8%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
BXP vs UI — 直观对比
营收规模更大
BXP
是对方的1.1倍
$814.9M
营收增速更快
UI
高出35.0%
0.8%
净利率更高
UI
高出13.4%
15.3%
两年增速更快
UI
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $814.9M |
| 净利润 | $133.0M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | 15.3% | 28.7% |
| 营收同比 | 0.8% | 35.8% |
| 净利润同比 | 53.0% | 70.8% |
| 每股收益（稀释后） | $1.69 | $3.86 |
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BXPUI
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $814.9M | ||
| Q3 25 | $871.5M | $733.8M | ||
| Q2 25 | $868.5M | $759.2M | ||
| Q1 25 | $865.2M | $664.2M | ||
| Q4 24 | $858.6M | $599.9M | ||
| Q3 24 | $859.2M | $550.3M | ||
| Q2 24 | $850.5M | $507.5M |
净利润BXPUI
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $233.6M | ||
| Q3 25 | $-121.7M | $207.9M | ||
| Q2 25 | $89.0M | $266.7M | ||
| Q1 25 | $61.2M | $180.4M | ||
| Q4 24 | $-228.9M | $136.8M | ||
| Q3 24 | $83.6M | $128.0M | ||
| Q2 24 | $79.6M | $103.8M |
毛利率BXPUI
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 45.9% | ||
| Q3 25 | 59.3% | 46.0% | ||
| Q2 25 | 59.2% | 45.1% | ||
| Q1 25 | 59.2% | 44.5% | ||
| Q4 24 | 59.7% | 41.2% | ||
| Q3 24 | 59.5% | 42.1% | ||
| Q2 24 | 59.8% | 40.2% |
营业利润率BXPUI
| Q1 26 | — | — | ||
| Q4 25 | — | 35.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 27.3% |
净利率BXPUI
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 28.7% | ||
| Q3 25 | -14.0% | 28.3% | ||
| Q2 25 | 10.2% | 35.1% | ||
| Q1 25 | 7.1% | 27.2% | ||
| Q4 24 | -26.7% | 22.8% | ||
| Q3 24 | 9.7% | 23.3% | ||
| Q2 24 | 9.4% | 20.5% |
每股收益（稀释后）BXPUI
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.86 | ||
| Q3 25 | $-0.77 | $3.43 | ||
| Q2 25 | $0.56 | $4.40 | ||
| Q1 25 | $0.39 | $2.98 | ||
| Q4 24 | $-1.46 | $2.26 | ||
| Q3 24 | $0.53 | $2.12 | ||
| Q2 24 | $0.51 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $7.7B | $1.0B |
| 总资产 | $25.1B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资BXPUI
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $302.8M | ||
| Q3 25 | $861.1M | $177.2M | ||
| Q2 25 | $447.0M | $149.7M | ||
| Q1 25 | $398.1M | $151.0M | ||
| Q4 24 | $1.3B | $133.1M | ||
| Q3 24 | $1.4B | $165.2M | ||
| Q2 24 | $685.4M | $126.3M |
总债务BXPUI
| Q1 26 | — | — | ||
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M |
股东权益BXPUI
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.0B | ||
| Q3 25 | $5.0B | $828.4M | ||
| Q2 25 | $5.3B | $668.3M | ||
| Q1 25 | $5.3B | $436.1M | ||
| Q4 24 | $5.4B | $290.4M | ||
| Q3 24 | $5.8B | $188.1M | ||
| Q2 24 | $5.8B | $95.1M |
总资产BXPUI
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $1.6B | ||
| Q3 25 | $26.0B | $1.5B | ||
| Q2 25 | $25.6B | $1.5B | ||
| Q1 25 | $25.4B | $1.3B | ||
| Q4 24 | $26.1B | $1.2B | ||
| Q3 24 | $26.4B | $1.2B | ||
| Q2 24 | $25.5B | $1.2B |
负债/权益比BXPUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | 1.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流BXPUI
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $263.9M | ||
| Q3 25 | $274.2M | $198.5M | ||
| Q2 25 | $353.1M | $130.4M | ||
| Q1 25 | $210.0M | $123.6M | ||
| Q4 24 | $383.7M | $152.4M | ||
| Q3 24 | $286.1M | $233.7M | ||
| Q2 24 | $367.1M | $231.4M |
自由现金流BXPUI
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $260.3M | ||
| Q3 25 | $231.6M | $193.3M | ||
| Q2 25 | $281.5M | $125.2M | ||
| Q1 25 | $152.6M | $120.7M | ||
| Q4 24 | $312.5M | $150.4M | ||
| Q3 24 | $234.5M | $231.1M | ||
| Q2 24 | $332.4M | $229.5M |
自由现金流率BXPUI
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 31.9% | ||
| Q3 25 | 26.6% | 26.3% | ||
| Q2 25 | 32.4% | 16.5% | ||
| Q1 25 | 17.6% | 18.2% | ||
| Q4 24 | 36.4% | 25.1% | ||
| Q3 24 | 27.3% | 42.0% | ||
| Q2 24 | 39.1% | 45.2% |
资本支出强度BXPUI
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 0.4% | ||
| Q3 25 | 4.9% | 0.7% | ||
| Q2 25 | 8.2% | 0.7% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 8.3% | 0.3% | ||
| Q3 24 | 6.0% | 0.5% | ||
| Q2 24 | 4.1% | 0.4% |
现金转化率BXPUI
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.13× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | 3.97× | 0.49× | ||
| Q1 25 | 3.43× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 3.42× | 1.83× | ||
| Q2 24 | 4.61× | 2.23× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
