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BXP, Inc.（BXP）与Zscaler, Inc.（ZS）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Zscaler, Inc.的1.1倍（$872.1M vs $788.1M），BXP, Inc.净利率更高（15.3% vs -1.5%，领先16.7%），Zscaler, Inc.同比增速更快（25.5% vs 0.8%），过去两年Zscaler, Inc.的营收复合增速更高（22.5% 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。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
BXP vs ZS — 直观对比
营收规模更大
BXP
是对方的1.1倍
$788.1M
营收增速更快
ZS
高出24.7%
0.8%
净利率更高
BXP
高出16.7%
-1.5%
两年增速更快
ZS
近两年复合增速
1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $872.1M | $788.1M |
| 净利润 | $133.0M | $-11.6M |
| 毛利率 | — | 76.6% |
| 营业利润率 | — | -4.6% |
| 净利率 | 15.3% | -1.5% |
| 营收同比 | 0.8% | 25.5% |
| 净利润同比 | 53.0% | 3.6% |
| 每股收益（稀释后） | $1.69 | $-0.07 |
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BXPZS
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $788.1M | ||
| Q3 25 | $871.5M | $719.2M | ||
| Q2 25 | $868.5M | $678.0M | ||
| Q1 25 | $865.2M | $647.9M | ||
| Q4 24 | $858.6M | $628.0M | ||
| Q3 24 | $859.2M | $592.9M | ||
| Q2 24 | $850.5M | $553.2M |
净利润BXPZS
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $-11.6M | ||
| Q3 25 | $-121.7M | $-17.6M | ||
| Q2 25 | $89.0M | $-4.1M | ||
| Q1 25 | $61.2M | $-7.7M | ||
| Q4 24 | $-228.9M | $-12.1M | ||
| Q3 24 | $83.6M | $-14.9M | ||
| Q2 24 | $79.6M | $19.1M |
毛利率BXPZS
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 76.6% | ||
| Q3 25 | 59.3% | 76.1% | ||
| Q2 25 | 59.2% | 77.0% | ||
| Q1 25 | 59.2% | 77.1% | ||
| Q4 24 | 59.7% | 77.5% | ||
| Q3 24 | 59.5% | 78.0% | ||
| Q2 24 | 59.8% | 78.6% |
营业利润率BXPZS
| Q1 26 | — | — | ||
| Q4 25 | — | -4.6% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | -4.9% | ||
| Q3 24 | — | -4.5% | ||
| Q2 24 | — | -0.5% |
净利率BXPZS
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | -1.5% | ||
| Q3 25 | -14.0% | -2.4% | ||
| Q2 25 | 10.2% | -0.6% | ||
| Q1 25 | 7.1% | -1.2% | ||
| Q4 24 | -26.7% | -1.9% | ||
| Q3 24 | 9.7% | -2.5% | ||
| Q2 24 | 9.4% | 3.5% |
每股收益（稀释后）BXPZS
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $-0.07 | ||
| Q3 25 | $-0.77 | $-0.11 | ||
| Q2 25 | $0.56 | $-0.03 | ||
| Q1 25 | $0.39 | $-0.05 | ||
| Q4 24 | $-1.46 | $-0.08 | ||
| Q3 24 | $0.53 | $-0.09 | ||
| Q2 24 | $0.51 | $0.12 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.7B | $2.0B |
| 总资产 | $25.1B | $6.5B |
| 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BXPZS
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $861.1M | $2.4B | ||
| Q2 25 | $447.0M | $2.0B | ||
| Q1 25 | $398.1M | $1.8B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $685.4M | $1.3B |
总债务BXPZS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
股东权益BXPZS
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.0B | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $5.3B | $1.8B | ||
| Q1 25 | $5.3B | $1.6B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.8B | $1.1B |
总资产BXPZS
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $6.5B | ||
| Q3 25 | $26.0B | $6.4B | ||
| Q2 25 | $25.6B | $5.3B | ||
| Q1 25 | $25.4B | $5.0B | ||
| Q4 24 | $26.1B | $4.7B | ||
| Q3 24 | $26.4B | $4.7B | ||
| Q2 24 | $25.5B | $4.2B |
负债/权益比BXPZS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× |
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 | — | $448.3M |
| 自由现金流经营现金流 - 资本支出 | — | $431.0M |
| 自由现金流率自由现金流/营收 | — | 54.7% |
| 资本支出强度资本支出/营收 | 1.5% | 2.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $924.9M |
8季度趋势，按日历期对齐
经营现金流BXPZS
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $448.3M | ||
| Q3 25 | $274.2M | $250.6M | ||
| Q2 25 | $353.1M | $211.1M | ||
| Q1 25 | $210.0M | $179.4M | ||
| Q4 24 | $383.7M | $331.3M | ||
| Q3 24 | $286.1M | $203.6M | ||
| Q2 24 | $367.1M | $173.4M |
自由现金流BXPZS
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $431.0M | ||
| Q3 25 | $231.6M | $190.6M | ||
| Q2 25 | $281.5M | $138.9M | ||
| Q1 25 | $152.6M | $164.4M | ||
| Q4 24 | $312.5M | $314.3M | ||
| Q3 24 | $234.5M | $154.2M | ||
| Q2 24 | $332.4M | $137.8M |
自由现金流率BXPZS
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 54.7% | ||
| Q3 25 | 26.6% | 26.5% | ||
| Q2 25 | 32.4% | 20.5% | ||
| Q1 25 | 17.6% | 25.4% | ||
| Q4 24 | 36.4% | 50.1% | ||
| Q3 24 | 27.3% | 26.0% | ||
| Q2 24 | 39.1% | 24.9% |
资本支出强度BXPZS
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 2.2% | ||
| Q3 25 | 4.9% | 8.3% | ||
| Q2 25 | 8.2% | 10.6% | ||
| Q1 25 | 6.6% | 2.3% | ||
| Q4 24 | 8.3% | 2.7% | ||
| Q3 24 | 6.0% | 8.3% | ||
| Q2 24 | 4.1% | 6.4% |
现金转化率BXPZS
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.43× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | — | ||
| Q2 24 | 4.61× | 9.07× |
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% |
ZS
暂无分部数据
