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BXP, Inc.（BXP）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的2.0倍（$872.1M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs 15.3%，领先18.1%），W. P. Carey Inc.同比增速更快（9.4% vs 0.8%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
BXP vs WPC — 直观对比
营收规模更大
BXP
是对方的2.0倍
$444.5M
营收增速更快
WPC
高出8.6%
0.8%
净利率更高
WPC
高出18.1%
15.3%
两年增速更快
WPC
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $444.5M |
| 净利润 | $133.0M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 34.5% |
| 净利率 | 15.3% | 33.4% |
| 营收同比 | 0.8% | 9.4% |
| 净利润同比 | 53.0% | 215.4% |
| 每股收益（稀释后） | $1.69 | — |
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BXPWPC
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $444.5M | ||
| Q3 25 | $871.5M | $431.3M | ||
| Q2 25 | $868.5M | $430.8M | ||
| Q1 25 | $865.2M | $409.9M | ||
| Q4 24 | $858.6M | $406.2M | ||
| Q3 24 | $859.2M | $397.4M | ||
| Q2 24 | $850.5M | $389.7M |
净利润BXPWPC
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $148.3M | ||
| Q3 25 | $-121.7M | $141.0M | ||
| Q2 25 | $89.0M | $51.2M | ||
| Q1 25 | $61.2M | $125.8M | ||
| Q4 24 | $-228.9M | $47.0M | ||
| Q3 24 | $83.6M | $111.7M | ||
| Q2 24 | $79.6M | $142.9M |
毛利率BXPWPC
| 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BXPWPC
| Q1 26 | — | — | ||
| Q4 25 | — | 34.5% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 33.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 38.3% |
净利率BXPWPC
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 33.4% | ||
| Q3 25 | -14.0% | 32.7% | ||
| Q2 25 | 10.2% | 11.9% | ||
| Q1 25 | 7.1% | 30.7% | ||
| Q4 24 | -26.7% | 11.6% | ||
| Q3 24 | 9.7% | 28.1% | ||
| Q2 24 | 9.4% | 36.7% |
每股收益（稀释后）BXPWPC
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $-1.46 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.51 | — |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $7.7B | $8.1B |
| 总资产 | $25.1B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资BXPWPC
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $155.3M | ||
| Q3 25 | $861.1M | $249.0M | ||
| Q2 25 | $447.0M | $244.8M | ||
| Q1 25 | $398.1M | $187.8M | ||
| Q4 24 | $1.3B | $640.4M | ||
| Q3 24 | $1.4B | $818.2M | ||
| Q2 24 | $685.4M | $1.1B |
总债务BXPWPC
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B |
股东权益BXPWPC
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $8.1B | ||
| Q3 25 | $5.0B | $8.2B | ||
| Q2 25 | $5.3B | $8.2B | ||
| Q1 25 | $5.3B | $8.4B | ||
| Q4 24 | $5.4B | $8.4B | ||
| Q3 24 | $5.8B | $8.6B | ||
| Q2 24 | $5.8B | $8.6B |
总资产BXPWPC
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $18.0B | ||
| Q3 25 | $26.0B | $18.0B | ||
| Q2 25 | $25.6B | $18.0B | ||
| Q1 25 | $25.4B | $17.3B | ||
| Q4 24 | $26.1B | $17.5B | ||
| Q3 24 | $26.4B | $17.6B | ||
| Q2 24 | $25.5B | $17.8B |
负债/权益比BXPWPC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× |
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 | — | $304.6M |
| 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 | — | 2.05× |
| 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BXPWPC
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $304.6M | ||
| Q3 25 | $274.2M | $300.5M | ||
| Q2 25 | $353.1M | $404.0M | ||
| Q1 25 | $210.0M | $273.2M | ||
| Q4 24 | $383.7M | $296.3M | ||
| Q3 24 | $286.1M | $280.2M | ||
| Q2 24 | $367.1M | $221.0M |
自由现金流BXPWPC
| 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BXPWPC
| 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BXPWPC
| 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BXPWPC
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | 3.97× | 7.89× | ||
| Q1 25 | 3.43× | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | 3.42× | 2.51× | ||
| Q2 24 | 4.61× | 1.55× |
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% |
WPC
暂无分部数据
