What is BXP, Inc.'s earnings per share (EPS)?

BXP, Inc. (BXP) reported diluted earnings per share of $1.74 for fiscal year 2025. This represents a 1833.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BXP, Inc. Financials

BXP

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows BXP, Inc. (BXP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BXP FY2025 2026-05-13

Cash generation remains steadier than earnings because depreciation-heavy assets and rising financing costs dominate how this business converts revenue into profit.

From FY2023 through FY2025, operating cash flow stayed near $1.2B even as net profitability nearly disappeared in FY2024 before recovering in FY2025. That gap lines up with depreciation of $912M and interest expense of $653M in FY2025, indicating the business still throws off cash but more of it is absorbed before it reaches common earnings.

Leverage has crept up as debt-to-equity moved from 3.0x in FY2023 to 3.6x in FY2025 while equity kept shrinking, so the same asset base is being supported by a thinner capital cushion. Cash of $1.5B provides some flexibility, but it is modest next to $18.5B of liabilities.

Revenue growth has not improved margin shape: gross margin slipped from 61.1% in FY2023 to 59.1% in FY2025, which suggests a slightly less favorable cost or revenue mix rather than cleaner incremental profitability. Dividends paid of $643M against operating cash flow of $1.2B mean shareholder distributions are still funded from cash generation, but they consume a large share of it.

Financial Health Signals

Financial Profile 14/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of BXP, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

BXP, Inc.'s revenue grew a modest 2.2% year-over-year to $3.5B. This slow but positive growth earns a score of 39/100.

Leverage

BXP, Inc. has elevated debt relative to equity (D/E of 3.59), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.

Returns

BXP, Inc. generates a 5.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is up from 0.3% the prior year.

Piotroski F-Score Neutral

5/9

BXP, Inc. passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

4.50x

For every $1 of reported earnings, BXP, Inc. generates $4.50 in operating cash flow ($1.2B OCF vs $276.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.5B

YoY+2.2%

5Y CAGR+4.7%

10Y CAGR+3.4%

BXP, Inc. generated $3.5B in revenue in fiscal year 2025. This represents an increase of 2.2% from the prior year.

EBITDA

N/A

Net Income

$276.8M

YoY+1835.7%

5Y CAGR-20.5%

10Y CAGR-7.2%

BXP, Inc. reported $276.8M in net income in fiscal year 2025. This represents an increase of 1835.7% from the prior year.

EPS (Diluted)

$1.74

YoY+1833.3%

5Y CAGR-20.7%

10Y CAGR-7.3%

BXP, Inc. earned $1.74 per diluted share (EPS) in fiscal year 2025. This represents an increase of 1833.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.5B

YoY+17.8%

5Y CAGR-2.4%

10Y CAGR+7.4%

BXP, Inc. held $1.5B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

159M

YoY+0.2%

5Y CAGR+0.4%

10Y CAGR+0.3%

BXP, Inc. had 159M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

59.1%

YoY-0.8pp

5Y CAGR-2.1pp

BXP, Inc.'s gross margin was 59.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.

Operating Margin

N/A

Net Margin

8.0%

YoY+7.5pp

5Y CAGR-23.6pp

10Y CAGR-15.5pp

BXP, Inc.'s net profit margin was 8.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.5 percentage points from the prior year.

Return on Equity

5.4%

YoY+5.1pp

5Y CAGR-9.2pp

10Y CAGR-4.8pp

BXP, Inc.'s ROE was 5.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BXP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.5B+2.2%	$3.4B+4.1%	$3.3B+5.3%	$3.1B+7.6%	$2.9B+4.4%	$2.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$2.1B+0.9%	$2.0B+2.1%	$2.0B+3.6%	$1.9B+6.4%	$1.8B+7.1%	$1.7B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$168.8M+5.5%	$160.0M-6.0%	$170.2M+16.2%	$146.4M-3.4%	$151.6M+13.9%	$133.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$653.1M+1.2%	$645.1M+11.3%	$579.6M+32.6%	$437.1M+3.3%	$423.3M-1.9%	$431.7M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$276.8M+1835.7%	$14.3M-92.5%	$190.2M-77.6%	$848.9M+71.1%	$496.2M-43.1%	$872.7M
EPS (Diluted)	$1.74+1833.3%	$0.09-92.6%	$1.21-77.6%	$5.40+70.3%	$3.17-42.8%	$5.54

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$872.1M-0.6%	$877.1M+0.6%	$871.5M+0.4%	$868.5M+0.4%	$865.2M+0.8%	$858.6M-0.1%	$859.2M+1.0%	$850.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$506.0M-1.9%	$515.8M-0.2%	$517.0M+0.6%	$514.1M+0.4%	$511.8M-0.1%	$512.4M+0.3%	$511.1M+0.5%	$508.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$59.3M+57.0%	$37.8M+4.5%	$36.2M-14.9%	$42.5M-18.7%	$52.3M+60.9%	$32.5M-2.5%	$33.4M-24.4%	$44.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$152.1M-6.5%	$162.6M-1.0%	$164.3M+0.9%	$162.8M-0.4%	$163.4M-4.1%	$170.4M+4.4%	$163.2M+9.1%	$149.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$101.6M-59.1%	$248.4M+304.1%	-$121.7M-236.8%	$89.0M+45.4%	$61.2M+126.7%	-$228.8M-373.6%	$83.6M+5.0%	$79.6M
EPS (Diluted)	$0.64	N/A	$-0.77-237.5%	$0.56+43.6%	$0.39	N/A	$0.53+3.9%	$0.51

BXP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$26.2B+0.3%	$26.1B+0.2%	$26.0B+7.5%	$24.2B+8.2%	$22.4B-2.2%	$22.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B+17.8%	$1.3B-18.1%	$1.5B+121.8%	$690.3M+52.5%	$452.7M-72.9%	$1.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$92.6M-13.8%	$107.5M-12.2%	$122.4M+50.4%	$81.4M+16.0%	$70.2M-9.3%	$77.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$18.5B+1.9%	$18.1B+1.7%	$17.8B+12.6%	$15.8B+10.6%	$14.3B-1.3%	$14.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$3.3B+12.6%	$2.9B
Total Equity	$5.1B-4.9%	$5.4B-7.9%	$5.9B-4.2%	$6.1B+5.1%	$5.8B-2.7%	$6.0B
Retained Earnings	-$1.7B-18.0%	-$1.4B-73.9%	-$816.2M-108.5%	-$391.4M+37.5%	-$625.9M-22.8%	-$509.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$25.1B-4.1%	$26.2B+0.6%	$26.0B+1.5%	$25.6B+0.7%	$25.4B-2.5%	$26.1B-1.2%	$26.4B+3.7%	$25.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$512.8M-65.3%	$1.5B+71.7%	$861.1M+92.7%	$447.0M+12.3%	$398.1M-68.3%	$1.3B-11.7%	$1.4B+107.3%	$685.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$90.1M-2.7%	$92.6M-32.3%	$136.7M+24.7%	$109.7M-6.5%	$117.4M+9.2%	$107.5M+7.8%	$99.7M+21.4%	$82.1M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.4B-5.9%	$18.5B0.0%	$18.5B+4.0%	$17.8B+1.1%	$17.6B-3.1%	$18.1B+0.1%	$18.1B+5.5%	$17.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.2B+0.1%	$5.1B+3.0%	$5.0B-4.9%	$5.3B-1.1%	$5.3B-1.7%	$5.4B-6.0%	$5.8B-0.8%	$5.8B
Retained Earnings	-$1.7B-0.6%	-$1.7B+7.6%	-$1.8B-14.7%	-$1.6B-4.4%	-$1.5B-6.6%	-$1.4B-37.1%	-$1.0B-7.4%	-$964.5M

BXP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.2B+0.9%	$1.2B-5.1%	$1.3B+1.5%	$1.3B+13.2%	$1.1B-2.0%	$1.2B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$644.5M+47.9%	-$1.2B-3.7%	-$1.2B+25.5%	-$1.6B-54.1%	-$1.0B-69.5%	-$613.7M
Financing Cash Flow	-$378.6M-37.9%	-$274.5M-135.7%	$767.9M+38.1%	$556.1M+142.4%	-$1.3B-370.8%	$484.3M
Dividends Paid	$643.1M-6.8%	$689.9M+0.3%	$687.8M+0.4%	$685.0M+0.2%	$683.8M-0.7%	$688.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$156.5M-61.6%	$407.8M+48.7%	$274.2M-22.3%	$353.1M+68.1%	$210.0M-45.3%	$383.7M+34.1%	$286.1M-22.1%	$367.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$5.8M-98.3%	$343.7M+191.5%	-$375.8M-23.9%	-$303.3M+1.9%	-$309.1M+20.0%	-$386.6M-30.0%	-$297.3M-11.4%	-$266.9M
Financing Cash Flow	-$1.1B-756.4%	-$132.9M-125.9%	$512.5M+41099.0%	-$1.3M+99.8%	-$756.9M-467.3%	-$133.4M-117.9%	$745.2M+676.3%	-$129.3M
Dividends Paid	$124.1M+0.6%	$123.4M-0.4%	$123.8M-28.6%	$173.4M+0.1%	$173.1M+0.4%	$172.5M-0.2%	$172.8M0.0%	$172.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BXP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	59.1%-0.8pp	59.9%-1.2pp	61.1%-1.0pp	62.1%-0.7pp	62.8%+1.6pp	61.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.0%+7.5pp	0.4%-5.4pp	5.8%-21.5pp	27.3%+10.1pp	17.2%-14.4pp	31.6%
Return on Equity	5.4%+5.1pp	0.3%-3.0pp	3.2%-10.6pp	13.8%+5.3pp	8.5%-6.0pp	14.5%
Return on Assets	1.1%+1.0pp	0.1%-0.7pp	0.7%-2.8pp	3.5%+1.3pp	2.2%-1.6pp	3.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.59+0.2	3.35+0.3	3.03+0.5	2.58+2.0	0.57+0.1	0.49
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	58.0%-0.8pp	58.8%-0.5pp	59.3%+0.1pp	59.2%+0.0pp	59.2%-0.5pp	59.7%+0.2pp	59.5%-0.3pp	59.8%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.7%-16.7pp	28.3%+42.3pp	-14.0%-24.2pp	10.3%+3.2pp	7.1%+33.7pp	-26.7%-36.4pp	9.7%+0.4pp	9.4%
Return on Equity	2.0%-2.9pp	4.8%+7.3pp	-2.4%-4.1pp	1.7%+0.5pp	1.1%+5.4pp	-4.2%-5.7pp	1.5%+0.1pp	1.4%
Return on Assets	0.4%-0.5pp	0.9%+1.4pp	-0.5%-0.8pp	0.4%+0.1pp	0.2%+1.1pp	-0.9%-1.2pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.37-0.2	3.59-0.1	3.70+0.3	3.38+0.1	3.30-0.0	3.35+0.2	3.15+0.2	2.96
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is BXP, Inc.'s annual revenue?

BXP, Inc. (BXP) reported $3.5B in total revenue for fiscal year 2025. This represents a 2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BXP, Inc.'s revenue growing?

BXP, Inc. (BXP) revenue grew by 2.2% year-over-year, from $3.4B to $3.5B in fiscal year 2025.

Is BXP, Inc. profitable?

Yes, BXP, Inc. (BXP) reported a net income of $276.8M in fiscal year 2025, with a net profit margin of 8.0%.

What is BXP, Inc.'s gross margin?

BXP, Inc. (BXP) had a gross margin of 59.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is BXP, Inc.'s net profit margin?

BXP, Inc. (BXP) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BXP, Inc.'s return on equity (ROE)?

BXP, Inc. (BXP) has a return on equity of 5.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BXP, Inc.'s operating cash flow?

BXP, Inc. (BXP) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BXP, Inc.'s total assets?

BXP, Inc. (BXP) had $26.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does BXP, Inc. have outstanding?

BXP, Inc. (BXP) had 159M shares outstanding as of fiscal year 2025.

What is BXP, Inc.'s debt-to-equity ratio?

BXP, Inc. (BXP) had a debt-to-equity ratio of 3.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BXP, Inc.'s return on assets (ROA)?

BXP, Inc. (BXP) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BXP, Inc.'s Piotroski F-Score?

BXP, Inc. (BXP) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BXP, Inc.'s earnings high quality?

BXP, Inc. (BXP) has an earnings quality ratio of 4.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is BXP, Inc.?

BXP, Inc. (BXP) scores 14 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.