FirmAtlas
Company handbook · BXP · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
BXP · CIK 1037540 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
BXP, INC.
$59.20
−0.49 (−0.82%)
Close, Oct 16, 2026 · 52-week $50–75
Last fiscal year
BXP, INC. reported revenue of $3.5B for the year ended Dec 31, 2025 (FY25), up 2.2% from FY24. Net income was $277M, operating cash flow $1.2B and free cash flow $1.0B. Source: 10-K filed Feb 27, 2026.
Market cap
$9.4B
P/E
31.6
P/B
1.8
Div yield
4.73%
Revenue 1Y
2.2%/yr
EPS 1Y
1833.3%/yr
Shares 1Y
+0.2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOOwen D. Thomas
HQBoston, MA
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−7.3%
−12.7%
1.4%
−15.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.7B deployed
Capex
$406M
23.4%
Dividends
$1.3B
76.9%
Operating cash flow over the period: $2.5B. Total debt changed by +$250M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,235
1,245+0.9%
1,284
Net income
84
384+356.1%
—
Depreciation & amortization
887
912+2.8%
—
Stock-based compensation
44
44+0.9%
—
Working capital & other
219
(95)−143.5%
—
Cash from investing
(1,237)
(645)n/m
—
Capex
(190)
(217)n/m
—
Acquisitions
6
0−100.0%
—
Investments bought
0.1
—
—
Other investing
(1,054)
(428)n/m
—
Cash from financing
(274)
(379)n/m
—
Debt raised
850
0−100.0%
—
Debt repaid
(700)
(850)n/m
—
Dividends
(690)
(643)n/m
—
Other financing
266
1,115+319.4%
—
Net change in cash
(277)
222n/m
—
Free cash flow (OCF − capex)
1,045
1,028−1.6%
1,141
Where the cash went
Operating cash flow
1,235
1,245+0.9%
1,284
Reinvested in the business
184
217+18.0%
—
% of operating cash flow
14.9%
17.4%
Capex
190
217+14.2%
143
Acquisitions
(6)
0n/m
—
Free cash flow
1,045
1,028−1.6%
1,141
YoY
−1.6%
Returned to shareholders
690
643−6.8%
—
% of free cash flow
66.0%
62.5%
Dividends
690
643−6.8%
—
Change in total debt
—
250
—
Cash left over
—
635
—
FCF conversion (FCF ÷ net income)
7320.9%
371.6%−6949.3 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
872
877
872
896
vs year-ago quarter
Gross profit
517
516
506
539
Gross margin
59.3%
58.8%
58.0%
60.1%
Net income
(122)
248
102
69
vs year-ago quarter
Net margin
−14.0%
28.3%
11.6%
7.7%
EPS (diluted, $)
−0.77
1.57
0.64
0.43
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
25,999
26,166
25,102
25,174
Cash & equivalents
939
1,557
581
553
Total debt
750
750
750
750
Shareholders’ equity
5,000
5,147
5,152
5,155
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
274
408
156
446
Capex
43
45
31
25
Free cash flow
232
363
126
421
vs year-ago quarter