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BXP, Inc.（BXP）与WATSCO INC（WSO）财务数据对比。点击上方公司名可切换其他公司
WATSCO INC的季度营收约是BXP, Inc.的1.8倍（$1.5B vs $872.1M），BXP, Inc.净利率更高（15.3% vs 6.1%，领先9.2%），BXP, Inc.同比增速更快（0.8% vs 0.1%），过去两年BXP, Inc.的营收复合增速更高（1.3% vs -15.3%）
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。
Watsco Inc.是美国暖通空调、供暖及制冷（HVAC/R）设备及相关零部件、耗材的专业分销商。公司成立至今已超60年，最初主营HVAC/R行业相关零部件、工具制造业务，1989年通过收购佛罗里达州南部的瑞姆品牌分销商Gemaire Distributors Inc，正式从制造赛道转向分销领域。
BXP vs WSO — 直观对比
营收规模更大
WSO
是对方的1.8倍
$872.1M
营收增速更快
BXP
高出0.7%
0.1%
净利率更高
BXP
高出9.2%
6.1%
两年增速更快
BXP
近两年复合增速
-15.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.5B |
| 净利润 | $133.0M | $92.9M |
| 毛利率 | — | 27.9% |
| 营业利润率 | — | 7.2% |
| 净利率 | 15.3% | 6.1% |
| 营收同比 | 0.8% | 0.1% |
| 净利润同比 | 53.0% | -1.7% |
| 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BXPWSO
| Q1 26 | $872.1M | $1.5B | ||
| Q4 25 | $877.1M | $1.6B | ||
| Q3 25 | $871.5M | $2.1B | ||
| Q2 25 | $868.5M | $2.1B | ||
| Q1 25 | $865.2M | $1.5B | ||
| Q4 24 | $858.6M | $1.8B | ||
| Q3 24 | $859.2M | $2.2B | ||
| Q2 24 | $850.5M | $2.1B |
净利润BXPWSO
| Q1 26 | $133.0M | $92.9M | ||
| Q4 25 | $248.4M | $71.7M | ||
| Q3 25 | $-121.7M | $161.6M | ||
| Q2 25 | $89.0M | $183.6M | ||
| Q1 25 | $61.2M | $80.1M | ||
| Q4 24 | $-228.9M | $96.8M | ||
| Q3 24 | $83.6M | $171.0M | ||
| Q2 24 | $79.6M | $181.4M |
毛利率BXPWSO
| Q1 26 | — | 27.9% | ||
| Q4 25 | 58.8% | 27.1% | ||
| Q3 25 | 59.3% | 27.5% | ||
| Q2 25 | 59.2% | 29.3% | ||
| Q1 25 | 59.2% | 28.1% | ||
| Q4 24 | 59.7% | 26.7% | ||
| Q3 24 | 59.5% | 26.2% | ||
| Q2 24 | 59.8% | 27.1% |
营业利润率BXPWSO
| Q1 26 | — | 7.2% | ||
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 12.6% |
净利率BXPWSO
| Q1 26 | 15.3% | 6.1% | ||
| Q4 25 | 28.3% | 4.5% | ||
| Q3 25 | -14.0% | 7.8% | ||
| Q2 25 | 10.2% | 8.9% | ||
| Q1 25 | 7.1% | 5.2% | ||
| Q4 24 | -26.7% | 5.5% | ||
| Q3 24 | 9.7% | 7.9% | ||
| Q2 24 | 9.4% | 8.5% |
每股收益（稀释后）BXPWSO
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.82 | ||
| Q3 25 | $-0.77 | $3.98 | ||
| Q2 25 | $0.56 | $4.52 | ||
| Q1 25 | $0.39 | $1.93 | ||
| Q4 24 | $-1.46 | $2.42 | ||
| Q3 24 | $0.53 | $4.22 | ||
| Q2 24 | $0.51 | $4.49 |
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 | $392.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $3.2B |
| 总资产 | $25.1B | $4.6B |
| 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BXPWSO
| Q1 26 | $512.8M | $392.7M | ||
| Q4 25 | $1.5B | $733.3M | ||
| Q3 25 | $861.1M | $524.3M | ||
| Q2 25 | $447.0M | $293.0M | ||
| Q1 25 | $398.1M | $431.8M | ||
| Q4 24 | $1.3B | $781.9M | ||
| Q3 24 | $1.4B | $550.0M | ||
| Q2 24 | $685.4M | $424.9M |
总债务BXPWSO
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
股东权益BXPWSO
| Q1 26 | $7.7B | $3.2B | ||
| Q4 25 | $5.1B | $2.8B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.8B | ||
| Q1 25 | $5.3B | $2.7B | ||
| Q4 24 | $5.4B | $2.7B | ||
| Q3 24 | $5.8B | $2.7B | ||
| Q2 24 | $5.8B | $2.6B |
总资产BXPWSO
| Q1 26 | $25.1B | $4.6B | ||
| Q4 25 | $26.2B | $4.4B | ||
| Q3 25 | $26.0B | $4.6B | ||
| Q2 25 | $25.6B | $4.7B | ||
| Q1 25 | $25.4B | $4.5B | ||
| Q4 24 | $26.1B | $4.5B | ||
| Q3 24 | $26.4B | $4.5B | ||
| Q2 24 | $25.5B | $4.4B |
负债/权益比BXPWSO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× |
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% |
WSO
暂无分部数据
