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BXP, Inc.（BXP）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
沃特世的季度营收约是BXP, Inc.的1.1倍（$932.4M vs $872.1M），沃特世净利率更高（24.2% vs 15.3%，领先8.9%），沃特世同比增速更快（6.8% vs 0.8%），过去两年沃特世的营收复合增速更高（21.0% 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。
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
BXP vs WAT — 直观对比
营收规模更大
WAT
是对方的1.1倍
$872.1M
营收增速更快
WAT
高出6.0%
0.8%
净利率更高
WAT
高出8.9%
15.3%
两年增速更快
WAT
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $932.4M |
| 净利润 | $133.0M | $225.2M |
| 毛利率 | — | 61.1% |
| 营业利润率 | — | 29.0% |
| 净利率 | 15.3% | 24.2% |
| 营收同比 | 0.8% | 6.8% |
| 净利润同比 | 53.0% | -2.7% |
| 每股收益（稀释后） | $1.69 | $3.76 |
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BXPWAT
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $932.4M | ||
| Q3 25 | $871.5M | $799.9M | ||
| Q2 25 | $868.5M | $771.3M | ||
| Q1 25 | $865.2M | $661.7M | ||
| Q4 24 | $858.6M | $872.7M | ||
| Q3 24 | $859.2M | $740.3M | ||
| Q2 24 | $850.5M | $708.5M |
净利润BXPWAT
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $225.2M | ||
| Q3 25 | $-121.7M | $148.9M | ||
| Q2 25 | $89.0M | $147.1M | ||
| Q1 25 | $61.2M | $121.4M | ||
| Q4 24 | $-228.9M | $231.4M | ||
| Q3 24 | $83.6M | $161.5M | ||
| Q2 24 | $79.6M | $142.7M |
毛利率BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 61.1% | ||
| Q3 25 | 59.3% | 59.0% | ||
| Q2 25 | 59.2% | 58.3% | ||
| Q1 25 | 59.2% | 58.2% | ||
| Q4 24 | 59.7% | 60.1% | ||
| Q3 24 | 59.5% | 59.3% | ||
| Q2 24 | 59.8% | 59.3% |
营业利润率BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 24.0% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | — | 33.5% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 26.7% |
净利率BXPWAT
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 24.2% | ||
| Q3 25 | -14.0% | 18.6% | ||
| Q2 25 | 10.2% | 19.1% | ||
| Q1 25 | 7.1% | 18.3% | ||
| Q4 24 | -26.7% | 26.5% | ||
| Q3 24 | 9.7% | 21.8% | ||
| Q2 24 | 9.4% | 20.1% |
每股收益（稀释后）BXPWAT
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $3.76 | ||
| Q3 25 | $-0.77 | $2.50 | ||
| Q2 25 | $0.56 | $2.47 | ||
| Q1 25 | $0.39 | $2.03 | ||
| Q4 24 | $-1.46 | $3.88 | ||
| Q3 24 | $0.53 | $2.71 | ||
| Q2 24 | $0.51 | $2.40 |
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 | $587.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $7.7B | $2.6B |
| 总资产 | $25.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资BXPWAT
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $587.8M | ||
| Q3 25 | $861.1M | $459.1M | ||
| Q2 25 | $447.0M | $367.2M | ||
| Q1 25 | $398.1M | $382.9M | ||
| Q4 24 | $1.3B | $325.4M | ||
| Q3 24 | $1.4B | $331.5M | ||
| Q2 24 | $685.4M | $327.4M |
总债务BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BXPWAT
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.0B | $2.3B | ||
| Q2 25 | $5.3B | $2.2B | ||
| Q1 25 | $5.3B | $2.0B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.8B | $1.6B | ||
| Q2 24 | $5.8B | $1.4B |
总资产BXPWAT
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $5.1B | ||
| Q3 25 | $26.0B | $4.9B | ||
| Q2 25 | $25.6B | $4.7B | ||
| Q1 25 | $25.4B | $4.6B | ||
| Q4 24 | $26.1B | $4.6B | ||
| Q3 24 | $26.4B | $4.5B | ||
| Q2 24 | $25.5B | $4.4B |
负债/权益比BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.89× | ||
| 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 | — | $164.6M |
| 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 | — | 0.73× |
| 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BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $164.6M | ||
| Q3 25 | $274.2M | $187.3M | ||
| Q2 25 | $353.1M | $41.1M | ||
| Q1 25 | $210.0M | $259.6M | ||
| Q4 24 | $383.7M | $240.1M | ||
| Q3 24 | $286.1M | $204.6M | ||
| Q2 24 | $367.1M | $54.5M |
自由现金流BXPWAT
| 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BXPWAT
| 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BXPWAT
| 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BXPWAT
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 0.73× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | 3.97× | 0.28× | ||
| Q1 25 | 3.43× | 2.14× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | 3.42× | 1.27× | ||
| Q2 24 | 4.61× | 0.38× |
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% |
WAT
暂无分部数据
