A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BXP SEC filings page.
BXP, Inc. (BXP) reported $3.5B in revenue over the twelve months to Jun 30, 2026, up 1.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
BXP’s cash generation is steadier than its earnings, while higher leverage makes results more sensitive to financing costs.
From FY2021 through FY2025, operating cash flow stayed between$1.1B and$1.3B , while net income ranged from$14M to$849M . That disconnect suggests reported earnings are being shaped substantially by noncash property charges and financing effects, not just by cash produced from operations.
Revenue expanded
Debt-to-equity rose from 0.6x in FY2021 to 3.6x in FY2025, while interest expense reached
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. BXP, Inc. scores 55/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. BXP, Inc. scores 63/100 on it among other REITs.
Not available for BXP, Inc., and counted as zero in the overall score.
Not available for BXP, Inc., and counted as zero in the overall score.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. BXP, Inc. scores 58/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. BXP, Inc. scores 71/100 on it among other REITs.
BXP, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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.
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
Earnings & Revenue
BXP, Inc. generated $895.7M in revenue in Q2 2026. This represents an increase of 3.1% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.
BXP, Inc. reported $68.6M in net income in Q2 2026. This represents a decrease of 22.9% from the same quarter a year earlier. Against the prior quarter it is down 32.5%.
BXP, Inc. earned $0.43 per diluted share (EPS) in Q2 2026. This represents a decrease of 23.2% from the same quarter a year earlier. Against the prior quarter it is down 32.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
BXP, Inc. held $493.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
BXP, Inc.'s gross margin was 60.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
BXP, Inc.'s net profit margin was 7.6% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.0 percentage points.
BXP, Inc.'s ROE was 1.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
BXP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $895.7M+3.1% | $872.1M+0.8% | $877.1M+2.2% | $871.5M+1.4% | $868.5M+2.1% | $865.2M+3.1% | $858.6M+3.6% | $859.2M+4.2% |
| Gross Profit | $538.7M+4.8% | $506.0M-1.1% | $515.8M+0.7% | $517.0M+1.2% | $514.1M+1.1% | $511.8M+0.6% | $512.4M+2.0% | $511.1M+1.8% |
| SG&A Expenses | $50.4M+18.6% | $59.3M+13.5% | $37.8M+16.3% | $36.2M+8.5% | $42.5M-3.6% | $52.3M+4.5% | $32.5M-16.2% | $33.4M+6.2% |
| Interest Expense | $153.4M-5.7% | $152.1M-6.9% | $162.6M-4.6% | $164.3M+0.7% | $162.8M+8.8% | $163.4M+1.0% | $170.4M+9.9% | $163.2M+10.4% |
| Net Income | $68.6M-22.9% | $101.6M+66.0% | $248.4M+208.5% | -$121.7M-245.5% | $89.0M+11.8% | $61.2M-23.4% | -$228.8M-290.9% | $83.6M+174.8% |
| EPS (Basic) | $0.43-23.2% | $0.64+64.1% | $1.57+207.5% | -$0.77-245.3% | $0.56+9.8% | $0.39-23.5% | -$1.46-292.1% | $0.53+174.6% |
| EPS (Diluted) | $0.43-23.2% | $0.64+64.1% | $1.56+207.6% | -$0.77-245.3% | $0.56+9.8% | $0.39-23.5% | -$1.45-290.8% | $0.53+174.6% |
| Diluted Shares (Avg) | 160M+0.5% | 159M+0.3% | N/A | 158M+0.1% | 159M+1.0% | 159M+1.0% | N/A | 158M+0.8% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, EBITDA, Income Tax.
BXP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.2B-1.7% | $25.1B-1.3% | $26.2B+0.3% | $26.0B-1.5% | $25.6B+0.6% | $25.4B-0.4% | $26.1B+0.2% | $26.4B+6.7% |
| Cash & Equivalents | $493.9M+10.5% | $512.8M+28.8% | $1.5B+17.8% | $861.1M-39.4% | $447.0M-34.8% | $398.1M-43.3% | $1.3B-18.1% | $1.4B+60.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $90.7M-17.3% | $90.1M-23.2% | $92.6M-13.8% | $136.7M+37.1% | $109.7M+33.5% | $117.4M+24.7% | $107.5M-12.2% | $99.7M-19.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $17.4B-1.9% | $17.4B-1.1% | $18.5B+1.9% | $18.5B+2.0% | $17.8B+3.4% | $17.6B+2.0% | $18.1B+1.7% | $18.1B+8.5% |
| Total Equity | $5.2B-2.0% | $5.2B-3.2% | $5.1B-4.9% | $5.0B-13.2% | $5.3B-9.4% | $5.3B-9.2% | $5.4B-7.9% | $5.8B-0.5% |
| Retained Earnings | -$1.7B-9.4% | -$1.7B-11.3% | -$1.7B-18.0% | -$1.8B-75.0% | -$1.6B-63.8% | -$1.5B-70.0% | -$1.4B-73.9% | -$1.0B-32.4% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
BXP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $446.1M+26.3% | $156.5M-25.5% | $407.8M+6.3% | $274.2M-4.1% | $353.1M-3.8% | $210.0M+6.3% | $383.7M-0.9% | $286.1M-5.0% |
| Depreciation & Amortization | $237.0M+5.9% | $228.0M+3.6% | $232.0M+2.6% | $236.1M+5.9% | $223.8M+1.9% | $220.1M+0.6% | $226.0M+6.6% | $222.9M+7.5% |
| Stock-Based Compensation | $15.5M+33.6% | $25.3M+10.5% | N/A | $4.4M+10.0% | $11.6M-27.5% | $22.9M+21.4% | N/A | $4.0M-16.7% |
| Investing Cash Flow | -$354.7M-17.0% | $5.8M+101.9% | $343.7M+188.9% | -$375.8M-26.4% | -$303.3M-13.6% | -$309.1M-7.9% | -$386.6M-21.5% | -$297.3M+7.3% |
| Financing Cash Flow | -$119.1M-9431.3% | -$1.1B-50.4% | -$132.9M+0.4% | $512.5M-31.2% | -$1.3M+99.0% | -$756.9M0.0% | -$133.4M-121.8% | $745.2M+209.8% |
| Dividends Paid | $124.4M-28.3% | $124.1M-28.3% | $123.4M-28.5% | $123.8M-28.3% | $173.4M+0.3% | $173.1M+0.8% | $172.5M-0.2% | $172.8M+0.4% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
BXP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1%+1.0pp | 58.0%-1.1pp | 58.8%-0.9pp | 59.3%-0.2pp | 59.2%-0.6pp | 59.2%-1.5pp | 59.7%-0.9pp | 59.5%-1.4pp |
| Net Margin | 7.6%-2.6pp | 11.7%+4.6pp | 28.3%+55.0pp | -14.0%-23.7pp | 10.3%+0.9pp | 7.1%-2.5pp | -26.7%-41.1pp | 9.7%+23.3pp |
| Return on Equity | 1.3%-0.4pp | 2.0%+0.8pp | 4.8%+9.1pp | -2.4%-3.9pp | 1.7%+0.3pp | 1.1%-0.2pp | -4.2%-6.3pp | 1.5%+3.4pp |
| Return on Assets | 0.3%-0.1pp | 0.4%+0.2pp | 0.9%+1.8pp | -0.5%-0.8pp | 0.4%0.0pp | 0.2%-0.1pp | -0.9%-1.3pp | 0.3%+0.8pp |
| Debt-to-Equity | 3.380.0x | 3.37+0.1x | 3.59+0.2x | 3.70+0.6x | 3.38+0.4x | 3.30+0.4x | 3.35+0.3x | 3.15+0.3x |
| Asset Turnover | 0.040.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BXP, Inc. BXP | FY2025 | $3.5B | $276.8M | 8.0% | $10.7B | 41/100 |
| Alexandria Real Estate Equities, Inc. ARE | FY2025 | $3.0B | -$1.4B | -47.2% | $7.8B | 44/100 |
| Vornado Realty Trust VNO | FY2025 | $1.8B | $937.0M | 51.8% | $6.3B | 59/100 |
| Kilroy Realty Corp. KRC | FY2025 | $1.1B | $303 | 0.0% | $4.0B | 34/100 |
| SL Green Realty Corp. SLG | FY2025 | $1.0B | -$96.9M | -9.7% | $3.4B | 27/100 |
| Cousins Properties Inc. CUZ | FY2025 | $993.8M | $40.5M | 4.1% | $4.5B | 71/100 |
Where BXP, Inc. Ranks
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.
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 P/E ratio?
BXP, Inc. (BXP) trades at 36.2x earnings, its market capitalization divided by net income of $296.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $10.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BXP, Inc.'s price-to-sales ratio?
BXP, Inc. (BXP) trades at 3.1x sales, its market capitalization divided by revenue of $3.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $10.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BXP, Inc.'s Piotroski F-Score?
BXP, Inc. (BXP) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 41 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.