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BXP, Inc.（BXP）与渥弗林（WWW）财务数据对比。点击上方公司名可切换其他公司
BXP, Inc.的季度营收约是渥弗林的1.7倍（$872.1M vs $517.5M），BXP, Inc.净利率更高（15.3% vs 6.1%，领先9.1%），渥弗林同比增速更快（25.5% vs 0.8%），过去两年渥弗林的营收复合增速更高（14.5% 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。
渥弗林是一家国际知名的鞋履、服饰及配饰设计、生产与销售企业，旗下拥有迈乐、斯佩里、索康尼、暇步士等多个知名品牌，覆盖户外休闲、日常穿搭、工装、运动等消费领域，产品通过线上线下渠道及批发网络销往全球。
BXP vs WWW — 直观对比
营收规模更大
BXP
是对方的1.7倍
$517.5M
营收增速更快
WWW
高出24.7%
0.8%
净利率更高
BXP
高出9.1%
6.1%
两年增速更快
WWW
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $517.5M |
| 净利润 | $133.0M | $31.8M |
| 毛利率 | — | 47.3% |
| 营业利润率 | — | 9.7% |
| 净利率 | 15.3% | 6.1% |
| 营收同比 | 0.8% | 25.5% |
| 净利润同比 | 53.0% | 162.8% |
| 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BXPWWW
| Q1 26 | $872.1M | $517.5M | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $470.3M | ||
| Q2 25 | $868.5M | $474.2M | ||
| Q1 25 | $865.2M | $412.3M | ||
| Q4 24 | $858.6M | $494.7M | ||
| Q3 24 | $859.2M | $440.2M | ||
| Q2 24 | $850.5M | $425.2M |
净利润BXPWWW
| Q1 26 | $133.0M | $31.8M | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $25.1M | ||
| Q2 25 | $89.0M | $26.8M | ||
| Q1 25 | $61.2M | $12.1M | ||
| Q4 24 | $-228.9M | $23.1M | ||
| Q3 24 | $83.6M | $23.2M | ||
| Q2 24 | $79.6M | $13.8M |
毛利率BXPWWW
| Q1 26 | — | 47.3% | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 47.5% | ||
| Q2 25 | 59.2% | 47.2% | ||
| Q1 25 | 59.2% | 47.2% | ||
| Q4 24 | 59.7% | 43.4% | ||
| Q3 24 | 59.5% | 45.1% | ||
| Q2 24 | 59.8% | 43.1% |
营业利润率BXPWWW
| Q1 26 | — | 9.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 6.8% |
净利率BXPWWW
| Q1 26 | 15.3% | 6.1% | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 5.3% | ||
| Q2 25 | 10.2% | 5.7% | ||
| Q1 25 | 7.1% | 2.9% | ||
| Q4 24 | -26.7% | 4.7% | ||
| Q3 24 | 9.7% | 5.3% | ||
| Q2 24 | 9.4% | 3.2% |
每股收益（稀释后）BXPWWW
| Q1 26 | $1.69 | $0.37 | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.30 | ||
| Q2 25 | $0.56 | $0.32 | ||
| Q1 25 | $0.39 | $0.15 | ||
| Q4 24 | $-1.46 | $0.29 | ||
| Q3 24 | $0.53 | $0.28 | ||
| Q2 24 | $0.51 | $0.17 |
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 | — |
| 总债务越低越好 | — | $621.7M |
| 股东权益账面价值 | $7.7B | $408.0M |
| 总资产 | $25.1B | $1.7B |
| 负债/权益比越低杠杆越低 | — | 1.52× |
8季度趋势，按日历期对齐
现金及短期投资BXPWWW
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | — | ||
| Q2 25 | $447.0M | — | ||
| Q1 25 | $398.1M | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $685.4M | — |
总债务BXPWWW
| Q1 26 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
股东权益BXPWWW
| Q1 26 | $7.7B | $408.0M | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $376.7M | ||
| Q2 25 | $5.3B | $344.0M | ||
| Q1 25 | $5.3B | $310.6M | ||
| Q4 24 | $5.4B | $312.9M | ||
| Q3 24 | $5.8B | $295.2M | ||
| Q2 24 | $5.8B | $262.1M |
总资产BXPWWW
| Q1 26 | $25.1B | $1.7B | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $1.7B | ||
| Q2 25 | $25.6B | $1.8B | ||
| Q1 25 | $25.4B | $1.7B | ||
| Q4 24 | $26.1B | $1.7B | ||
| Q3 24 | $26.4B | $1.8B | ||
| Q2 24 | $25.5B | $1.8B |
负债/权益比BXPWWW
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | — | $146.2M |
| 自由现金流经营现金流 - 资本支出 | — | $145.6M |
| 自由现金流率自由现金流/营收 | — | 28.1% |
| 资本支出强度资本支出/营收 | 1.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 4.60× |
| 过去12个月自由现金流最近4个季度 | — | $125.5M |
8季度趋势，按日历期对齐
经营现金流BXPWWW
| Q1 26 | — | $146.2M | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $33.0M | ||
| Q2 25 | $353.1M | $44.6M | ||
| Q1 25 | $210.0M | $-83.8M | ||
| Q4 24 | $383.7M | $82.4M | ||
| Q3 24 | $286.1M | $108.2M | ||
| Q2 24 | $367.1M | $26.7M |
自由现金流BXPWWW
| Q1 26 | — | $145.6M | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $30.1M | ||
| Q2 25 | $281.5M | $41.2M | ||
| Q1 25 | $152.6M | $-91.4M | ||
| Q4 24 | $312.5M | $74.4M | ||
| Q3 24 | $234.5M | $104.1M | ||
| Q2 24 | $332.4M | $23.7M |
自由现金流率BXPWWW
| Q1 26 | — | 28.1% | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 6.4% | ||
| Q2 25 | 32.4% | 8.7% | ||
| Q1 25 | 17.6% | -22.2% | ||
| Q4 24 | 36.4% | 15.0% | ||
| Q3 24 | 27.3% | 23.6% | ||
| Q2 24 | 39.1% | 5.6% |
资本支出强度BXPWWW
| Q1 26 | 1.5% | 0.1% | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 0.6% | ||
| Q2 25 | 8.2% | 0.7% | ||
| Q1 25 | 6.6% | 1.8% | ||
| Q4 24 | 8.3% | 1.6% | ||
| Q3 24 | 6.0% | 0.9% | ||
| Q2 24 | 4.1% | 0.7% |
现金转化率BXPWWW
| Q1 26 | — | 4.60× | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | 3.97× | 1.66× | ||
| Q1 25 | 3.43× | -6.93× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | 3.42× | 4.66× | ||
| Q2 24 | 4.61× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
