BXP, Inc.
BXP, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 2.19% from fiscal 2024. In the quarter to June 2026, revenue grew 3.14%, EPS fell 23.2%, free cash flow grew 38.7% and total debt fell 1.27%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.
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BXP, Inc. (BXP) Operating margin
BXP, Inc.'s operating margin over the twelve months to 30 June 2026 was 28.3%, down 0.8 percentage points from fiscal 2025 (29.1%). Over the past ten years it has ranged from 29.1% (fiscal 2025) to 34.9% (fiscal 2017) — the current reading is the lowest in ten years. That is above the Reit Office industry median of 16.8% and above the Real Estate sector median of 18.8%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 29.1% | (0.89) |
| FY2024 | 29.9% | (1.66) |
| FY2023 | 31.6% | (2.45) |
| FY2022 | 34.1% | 0.54 |
| FY2021 | 33.5% | 0.78 |
| FY2020 | 32.7% | (1.78) |
| FY2019 | 34.5% | 0.88 |
| FY2018 | 33.6% | (1.27) |
| FY2017 | 34.9% | 2.53 |
| FY2016 | 32.4% | (1.73) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 28.9% | 2.79 |
| Mar 2026 | 26.1% | (10.75) |
| Dec 2025 | 36.9% | 15.80 |
| Sep 2025 | 21.1% | (8.43) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CDP COPT Defense Properties compare | 30.3% |
| BXP BXP, Inc. | 28.3% |
| HIW Highwoods Properties, Inc. compare | 24.7% |
| KRC Kilroy Realty Corporation compare | 24.7% |
| CUZ Cousins Properties Incorporated compare | 22.8% |
| DEI Douglas Emmett, Inc. compare | 19.0% |
| ARE Alexandria Real Estate Equities, Inc. compare | 18.9% |
| VNO Vornado Realty Trust compare | 10.3% |
| SLG SL Green Realty Corporation compare | 4.47% |
| Reit Office industry median | 16.8% |
| Real Estate sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on BXP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement