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BXP, Inc.（BXP）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
Zoom Communications, Inc.的季度营收约是BXP, Inc.的1.4倍（$1.2B vs $872.1M），Zoom Communications, Inc.净利率更高（49.8% vs 15.3%，领先34.6%），Zoom Communications, Inc.同比增速更快（4.4% vs 0.8%），过去两年Zoom Communications, Inc.的营收复合增速更高（3.6% 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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
BXP vs ZM — 直观对比
营收规模更大
ZM
是对方的1.4倍
$872.1M
营收增速更快
ZM
高出3.6%
0.8%
净利率更高
ZM
高出34.6%
15.3%
两年增速更快
ZM
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $1.2B |
| 净利润 | $133.0M | $612.9M |
| 毛利率 | — | 77.9% |
| 营业利润率 | — | 25.2% |
| 净利率 | 15.3% | 49.8% |
| 营收同比 | 0.8% | 4.4% |
| 净利润同比 | 53.0% | 196.0% |
| 每股收益（稀释后） | $1.69 | $2.01 |
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BXPZM
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.2B | ||
| Q3 25 | $871.5M | $1.2B | ||
| Q2 25 | $868.5M | $1.2B | ||
| Q1 25 | $865.2M | $1.2B | ||
| Q4 24 | $858.6M | $1.2B | ||
| Q3 24 | $859.2M | $1.2B | ||
| Q2 24 | $850.5M | $1.1B |
净利润BXPZM
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $612.9M | ||
| Q3 25 | $-121.7M | $358.6M | ||
| Q2 25 | $89.0M | $254.6M | ||
| Q1 25 | $61.2M | $367.9M | ||
| Q4 24 | $-228.9M | $207.1M | ||
| Q3 24 | $83.6M | $219.0M | ||
| Q2 24 | $79.6M | $216.3M |
毛利率BXPZM
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 77.9% | ||
| Q3 25 | 59.3% | 77.6% | ||
| Q2 25 | 59.2% | 76.3% | ||
| Q1 25 | 59.2% | 75.7% | ||
| Q4 24 | 59.7% | 75.9% | ||
| Q3 24 | 59.5% | 75.5% | ||
| Q2 24 | 59.8% | 76.1% |
营业利润率BXPZM
| Q1 26 | — | — | ||
| Q4 25 | — | 25.2% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 20.6% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 17.4% | ||
| Q2 24 | — | 17.8% |
净利率BXPZM
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 49.8% | ||
| Q3 25 | -14.0% | 29.5% | ||
| Q2 25 | 10.2% | 21.7% | ||
| Q1 25 | 7.1% | 31.1% | ||
| Q4 24 | -26.7% | 17.6% | ||
| Q3 24 | 9.7% | 18.8% | ||
| Q2 24 | 9.4% | 19.0% |
每股收益（稀释后）BXPZM
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $2.01 | ||
| Q3 25 | $-0.77 | $1.16 | ||
| Q2 25 | $0.56 | $0.81 | ||
| Q1 25 | $0.39 | $1.16 | ||
| Q4 24 | $-1.46 | $0.66 | ||
| Q3 24 | $0.53 | $0.70 | ||
| Q2 24 | $0.51 | $0.69 |
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 | $1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $9.3B |
| 总资产 | $25.1B | $11.4B |
| 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BXPZM
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $861.1M | $1.2B | ||
| Q2 25 | $447.0M | $1.2B | ||
| Q1 25 | $398.1M | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $685.4M | $1.9B |
股东权益BXPZM
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $9.3B | ||
| Q3 25 | $5.0B | $9.0B | ||
| Q2 25 | $5.3B | $8.9B | ||
| Q1 25 | $5.3B | $8.9B | ||
| Q4 24 | $5.4B | $8.7B | ||
| Q3 24 | $5.8B | $8.5B | ||
| Q2 24 | $5.8B | $8.3B |
总资产BXPZM
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $11.4B | ||
| Q3 25 | $26.0B | $11.0B | ||
| Q2 25 | $25.6B | $11.0B | ||
| Q1 25 | $25.4B | $11.0B | ||
| Q4 24 | $26.1B | $10.7B | ||
| Q3 24 | $26.4B | $10.5B | ||
| Q2 24 | $25.5B | $10.3B |
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 | — | $629.3M |
| 自由现金流经营现金流 - 资本支出 | — | $614.3M |
| 自由现金流率自由现金流/营收 | — | 50.0% |
| 资本支出强度资本支出/营收 | 1.5% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.03× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流BXPZM
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $629.3M | ||
| Q3 25 | $274.2M | $515.9M | ||
| Q2 25 | $353.1M | $489.3M | ||
| Q1 25 | $210.0M | $424.6M | ||
| Q4 24 | $383.7M | $483.2M | ||
| Q3 24 | $286.1M | $449.3M | ||
| Q2 24 | $367.1M | $588.2M |
自由现金流BXPZM
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $614.3M | ||
| Q3 25 | $231.6M | $508.0M | ||
| Q2 25 | $281.5M | $463.4M | ||
| Q1 25 | $152.6M | $416.2M | ||
| Q4 24 | $312.5M | $457.7M | ||
| Q3 24 | $234.5M | $365.1M | ||
| Q2 24 | $332.4M | $569.7M |
自由现金流率BXPZM
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 50.0% | ||
| Q3 25 | 26.6% | 41.7% | ||
| Q2 25 | 32.4% | 39.4% | ||
| Q1 25 | 17.6% | 35.2% | ||
| Q4 24 | 36.4% | 38.9% | ||
| Q3 24 | 27.3% | 31.4% | ||
| Q2 24 | 39.1% | 49.9% |
资本支出强度BXPZM
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 4.9% | 0.7% | ||
| Q2 25 | 8.2% | 2.2% | ||
| Q1 25 | 6.6% | 0.7% | ||
| Q4 24 | 8.3% | 2.2% | ||
| Q3 24 | 6.0% | 7.2% | ||
| Q2 24 | 4.1% | 1.6% |
现金转化率BXPZM
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.03× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 3.97× | 1.92× | ||
| Q1 25 | 3.43× | 1.15× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | 3.42× | 2.05× | ||
| Q2 24 | 4.61× | 2.72× |
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% |
ZM
暂无分部数据
