STOCK TITAN

BXP, Inc. (BXP) Financials

BXP
Trailing 12 months to June 30, 2026
Revenue $3.5B +1.9% YoY
Net Income $296.8M +5888.4% YoY
EPS (Diluted) $1.86 +6100.0% YoY
Operating Cash Flow $1.3B +4.2% YoY
Market Cap $10.7B as of Oct 8, 2026
Price / Sales 3.1x on $3.5B revenue, trailing 12 months to June 30, 2026
Price / Earnings 36.2x on $296.8M net income, trailing 12 months to June 30, 2026
Price / Book 2.1x on $5.2B equity, Q2 FY2026

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.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

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).

Rhea AI BXP FY2025

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 21.0% between FY2021 and FY2025. Gross margin narrowed from 62.8% to 59.1% over that span, so growth has not translated into better underlying revenue economics.

Debt-to-equity rose from 0.6x in FY2021 to 3.6x in FY2025, while interest expense reached $653M as equity fell to $5.1B. Meanwhile, FY2025 dividends of $643M consumed roughly half of operating cash flow, leaving less internally generated cash for balance-sheet repair or reinvestment.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 41 / 100
Financial Health Score 41/100
Scored as: REITs peer group

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
55

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
63

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.

Leverage
0

Not available for BXP, Inc., and counted as zero in the overall score.

Interest Cov.
0

Not available for BXP, Inc., and counted as zero in the overall score.

AFFO Margin
58

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 Cov.
71

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.

Piotroski F-Score Partial
5/7

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.

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

Export CSV

Earnings & Revenue

Revenue
$895.7M
YoY+3.1%
QoQ+2.7%
5Y CAGR+4.6%
10Y CAGR+3.7%

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%.

Net Income
$68.6M
YoY-22.9%
QoQ-32.5%
5Y CAGR-9.3%
10Y CAGR-3.4%

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%.

EPS (Diluted)
$0.43
YoY-23.2%
QoQ-32.8%
5Y CAGR-9.5%
10Y CAGR-3.7%

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%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$493.9M
YoY+10.5%
QoQ-3.7%
5Y CAGR-2.4%
10Y CAGR-8.3%

BXP, Inc. held $493.9M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
160M
YoY+0.8%
QoQ+0.1%
5Y CAGR+0.4%
10Y CAGR+0.4%

BXP, Inc. had 160M shares outstanding in Q2 2026. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
60.1%
YoY+1.0pp
QoQ+2.1pp
5Y change-3.3pp

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.

Net Margin
7.6%
YoY-2.6pp
QoQ-4.0pp
5Y change-8.0pp
10Y change-7.8pp

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.

Return on Equity
1.3%
YoY-0.4pp
QoQ-0.6pp
5Y change-0.6pp
10Y change-0.3pp

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.

Operating Margin

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.

BXP quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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/A158M+0.1%159M+1.0%159M+1.0%N/A158M+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.

BXP quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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.

BXP quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-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.

BXP quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin60.1%+1.0pp58.0%-1.1pp58.8%-0.9pp59.3%-0.2pp59.2%-0.6pp59.2%-1.5pp59.7%-0.9pp59.5%-1.4pp
Net Margin7.6%-2.6pp11.7%+4.6pp28.3%+55.0pp-14.0%-23.7pp10.3%+0.9pp7.1%-2.5pp-26.7%-41.1pp9.7%+23.3pp
Return on Equity1.3%-0.4pp2.0%+0.8pp4.8%+9.1pp-2.4%-3.9pp1.7%+0.3pp1.1%-0.2pp-4.2%-6.3pp1.5%+3.4pp
Return on Assets0.3%-0.1pp0.4%+0.2pp0.9%+1.8pp-0.5%-0.8pp0.4%0.0pp0.2%-0.1pp-0.9%-1.3pp0.3%+0.8pp
Debt-to-Equity3.380.0x3.37+0.1x3.59+0.2x3.70+0.6x3.38+0.4x3.30+0.4x3.35+0.3x3.15+0.3x
Asset Turnover0.040.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x0.030.0x

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

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%.

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

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.

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.

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

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

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

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.

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.

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.

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.

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.

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.

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.

Back to top