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BXP, Inc.（BXP）与VEEVA SYSTEMS INC（VEEV）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VEEVA SYSTEMS INC的1.1倍（$872.1M vs $811.2M），VEEVA SYSTEMS INC净利率更高（29.1% vs 15.3%，领先13.9%），VEEVA SYSTEMS INC同比增速更快（16.0% vs 0.8%），过去两年VEEVA SYSTEMS INC的营收复合增速更高（13.4% 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。
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
BXP vs VEEV — 直观对比
营收规模更大
BXP
是对方的1.1倍
$811.2M
营收增速更快
VEEV
高出15.2%
0.8%
净利率更高
VEEV
高出13.9%
15.3%
两年增速更快
VEEV
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $811.2M |
| 净利润 | $133.0M | $236.2M |
| 毛利率 | — | 75.4% |
| 营业利润率 | — | 29.7% |
| 净利率 | 15.3% | 29.1% |
| 营收同比 | 0.8% | 16.0% |
| 净利润同比 | 53.0% | 27.1% |
| 每股收益（稀释后） | $1.69 | $1.40 |
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BXPVEEV
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $811.2M | ||
| Q3 25 | $871.5M | $789.1M | ||
| Q2 25 | $868.5M | $759.0M | ||
| Q1 25 | $865.2M | $720.9M | ||
| Q4 24 | $858.6M | $699.2M | ||
| Q3 24 | $859.2M | $676.2M | ||
| Q2 24 | $850.5M | $650.3M |
净利润BXPVEEV
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $236.2M | ||
| Q3 25 | $-121.7M | $200.3M | ||
| Q2 25 | $89.0M | $228.2M | ||
| Q1 25 | $61.2M | $195.6M | ||
| Q4 24 | $-228.9M | $185.8M | ||
| Q3 24 | $83.6M | $171.0M | ||
| Q2 24 | $79.6M | $161.7M |
毛利率BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 75.4% | ||
| Q3 25 | 59.3% | 75.3% | ||
| Q2 25 | 59.2% | 77.1% | ||
| Q1 25 | 59.2% | 74.9% | ||
| Q4 24 | 59.7% | 75.1% | ||
| Q3 24 | 59.5% | 74.8% | ||
| Q2 24 | 59.8% | 73.3% |
营业利润率BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | — | 29.7% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 30.8% | ||
| Q1 25 | — | 26.1% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 24.6% | ||
| Q2 24 | — | 23.9% |
净利率BXPVEEV
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 29.1% | ||
| Q3 25 | -14.0% | 25.4% | ||
| Q2 25 | 10.2% | 30.1% | ||
| Q1 25 | 7.1% | 27.1% | ||
| Q4 24 | -26.7% | 26.6% | ||
| Q3 24 | 9.7% | 25.3% | ||
| Q2 24 | 9.4% | 24.9% |
每股收益（稀释后）BXPVEEV
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.40 | ||
| Q3 25 | $-0.77 | $1.19 | ||
| Q2 25 | $0.56 | $1.37 | ||
| Q1 25 | $0.39 | $1.17 | ||
| Q4 24 | $-1.46 | $1.13 | ||
| Q3 24 | $0.53 | $1.04 | ||
| Q2 24 | $0.51 | $0.98 |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $7.0B |
| 总资产 | $25.1B | $8.1B |
| 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BXPVEEV
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $861.1M | $1.9B | ||
| Q2 25 | $447.0M | $2.0B | ||
| Q1 25 | $398.1M | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $685.4M | $1.2B |
股东权益BXPVEEV
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $7.0B | ||
| Q3 25 | $5.0B | $6.6B | ||
| Q2 25 | $5.3B | $6.2B | ||
| Q1 25 | $5.3B | $5.8B | ||
| Q4 24 | $5.4B | $5.5B | ||
| Q3 24 | $5.8B | $5.2B | ||
| Q2 24 | $5.8B | $4.9B |
总资产BXPVEEV
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.1B | ||
| Q3 25 | $26.0B | $8.0B | ||
| Q2 25 | $25.6B | $7.8B | ||
| Q1 25 | $25.4B | $7.3B | ||
| Q4 24 | $26.1B | $6.5B | ||
| Q3 24 | $26.4B | $6.3B | ||
| Q2 24 | $25.5B | $6.2B |
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 | — | $192.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 0.82× |
| 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BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $192.8M | ||
| Q3 25 | $274.2M | $238.4M | ||
| Q2 25 | $353.1M | $877.2M | ||
| Q1 25 | $210.0M | $69.5M | ||
| Q4 24 | $383.7M | $164.1M | ||
| Q3 24 | $286.1M | $92.9M | ||
| Q2 24 | $367.1M | $763.5M |
自由现金流BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $152.6M | — | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $234.5M | — | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 32.4% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPVEEV
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 4.1% | — |
现金转化率BXPVEEV
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.82× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | 3.97× | 3.84× | ||
| Q1 25 | 3.43× | 0.36× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | 3.42× | 0.54× | ||
| Q2 24 | 4.61× | 4.72× |
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% |
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
