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BXP, Inc.（BXP）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.0倍（$872.1M vs $871.9M），BXP, Inc.净利率更高（15.3% vs 2.2%，领先13.1%），Worthington Steel, Inc.同比增速更快（18.0% vs 0.8%），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
BXP vs WS — 直观对比
营收规模更大
BXP
是对方的1.0倍
$871.9M
营收增速更快
WS
高出17.2%
0.8%
净利率更高
BXP
高出13.1%
2.2%
两年增速更快
WS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $871.9M |
| 净利润 | $133.0M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | — | 2.5% |
| 净利率 | 15.3% | 2.2% |
| 营收同比 | 0.8% | 18.0% |
| 净利润同比 | 53.0% | 46.9% |
| 每股收益（稀释后） | $1.69 | $0.37 |
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BXPWS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $871.9M | ||
| Q3 25 | $871.5M | $872.9M | ||
| Q2 25 | $868.5M | $832.9M | ||
| Q1 25 | $865.2M | $687.4M | ||
| Q4 24 | $858.6M | $739.0M | ||
| Q3 24 | $859.2M | $834.0M | ||
| Q2 24 | $850.5M | — |
净利润BXPWS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $18.8M | ||
| Q3 25 | $-121.7M | $36.8M | ||
| Q2 25 | $89.0M | $55.7M | ||
| Q1 25 | $61.2M | $13.8M | ||
| Q4 24 | $-228.9M | $12.8M | ||
| Q3 24 | $83.6M | $28.4M | ||
| Q2 24 | $79.6M | — |
毛利率BXPWS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 10.7% | ||
| Q3 25 | 59.3% | 13.2% | ||
| Q2 25 | 59.2% | 15.2% | ||
| Q1 25 | 59.2% | 11.8% | ||
| Q4 24 | 59.7% | 10.8% | ||
| Q3 24 | 59.5% | 12.0% | ||
| Q2 24 | 59.8% | — |
营业利润率BXPWS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | — |
净利率BXPWS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 2.2% | ||
| Q3 25 | -14.0% | 4.2% | ||
| Q2 25 | 10.2% | 6.7% | ||
| Q1 25 | 7.1% | 2.0% | ||
| Q4 24 | -26.7% | 1.7% | ||
| Q3 24 | 9.7% | 3.4% | ||
| Q2 24 | 9.4% | — |
每股收益（稀释后）BXPWS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.37 | ||
| Q3 25 | $-0.77 | $0.72 | ||
| Q2 25 | $0.56 | $1.11 | ||
| Q1 25 | $0.39 | $0.27 | ||
| Q4 24 | $-1.46 | $0.25 | ||
| Q3 24 | $0.53 | $0.56 | ||
| 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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $7.7B | $1.1B |
| 总资产 | $25.1B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资BXPWS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $89.8M | ||
| Q3 25 | $861.1M | $78.3M | ||
| Q2 25 | $447.0M | $38.0M | ||
| Q1 25 | $398.1M | $63.3M | ||
| Q4 24 | $1.3B | $52.0M | ||
| Q3 24 | $1.4B | $36.0M | ||
| Q2 24 | $685.4M | — |
总债务BXPWS
| Q1 26 | — | — | ||
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — |
股东权益BXPWS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $1.1B | ||
| Q3 25 | $5.0B | $1.1B | ||
| Q2 25 | $5.3B | $1.1B | ||
| Q1 25 | $5.3B | $1.0B | ||
| Q4 24 | $5.4B | $1.0B | ||
| Q3 24 | $5.8B | $1.0B | ||
| Q2 24 | $5.8B | — |
总资产BXPWS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $2.1B | ||
| Q3 25 | $26.0B | $2.2B | ||
| Q2 25 | $25.6B | $2.0B | ||
| Q1 25 | $25.4B | $1.8B | ||
| Q4 24 | $26.1B | $1.7B | ||
| Q3 24 | $26.4B | $1.8B | ||
| Q2 24 | $25.5B | — |
负债/权益比BXPWS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| 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 | — | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | 1.5% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流BXPWS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $99.3M | ||
| Q3 25 | $274.2M | $-6.3M | ||
| Q2 25 | $353.1M | $53.9M | ||
| Q1 25 | $210.0M | $53.8M | ||
| Q4 24 | $383.7M | $68.0M | ||
| Q3 24 | $286.1M | $54.6M | ||
| Q2 24 | $367.1M | — |
自由现金流BXPWS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $74.6M | ||
| Q3 25 | $231.6M | $-35.7M | ||
| Q2 25 | $281.5M | $8.4M | ||
| Q1 25 | $152.6M | $25.2M | ||
| Q4 24 | $312.5M | $33.2M | ||
| Q3 24 | $234.5M | $33.1M | ||
| Q2 24 | $332.4M | — |
自由现金流率BXPWS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 8.6% | ||
| Q3 25 | 26.6% | -4.1% | ||
| Q2 25 | 32.4% | 1.0% | ||
| Q1 25 | 17.6% | 3.7% | ||
| Q4 24 | 36.4% | 4.5% | ||
| Q3 24 | 27.3% | 4.0% | ||
| Q2 24 | 39.1% | — |
资本支出强度BXPWS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.8% | ||
| Q3 25 | 4.9% | 3.4% | ||
| Q2 25 | 8.2% | 5.5% | ||
| Q1 25 | 6.6% | 4.2% | ||
| Q4 24 | 8.3% | 4.7% | ||
| Q3 24 | 6.0% | 2.6% | ||
| Q2 24 | 4.1% | — |
现金转化率BXPWS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 5.28× | ||
| Q3 25 | — | -0.17× | ||
| Q2 25 | 3.97× | 0.97× | ||
| Q1 25 | 3.43× | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 3.42× | 1.92× | ||
| Q2 24 | 4.61× | — |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
