InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

BXP, Inc.

BXP Clue Score33
United States Fiscal year ends December CIK 0001037540
$59.55 +0.85% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $59.55 −48.72% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2.55Operating income0.83Net income0.51EPS, diluted3.26Fiscal year 2017Revenue2.60 +2.0%Operating income0.91Net income0.46 −9.8%EPS, diluted2.93 −10.1%Fiscal year 2018Revenue2.72 +4.4%Net income0.58 +26.0%EPS, diluted3.70 +26.3%Fiscal year 2019Revenue2.96 +9.0%Net income0.52 −10.5%EPS, diluted3.30 −10.8%Fiscal year 2020Revenue2.77 −6.6%Net income0.87 +67.3%EPS, diluted5.54 +67.9%Fiscal year 2021Revenue2.89 +4.4%Net income0.51 −42.1%EPS, diluted3.17 −42.8%Fiscal year 2022Revenue3.11 +7.6%Net income0.85 +68.0%EPS, diluted5.40 +70.3%Fiscal year 2023Revenue3.27 +5.3%Net income0.19 −77.6%EPS, diluted1.21 −77.6%Fiscal year 2024Revenue3.41 +4.1%Net income0.01 −92.5%EPS, diluted0.09 −92.6%Fiscal year 2025Revenue3.48 +2.2%Net income0.28 +1,839.5%EPS, diluted1.74 +1,833.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.55 2.60 2.72 2.96 2.77 2.89 3.11 3.27 3.41 3.48
Growth +2.0% +4.4% +9.0% −6.6% +4.4% +7.6% +5.3% +4.1% +2.2%
Operating income 0.83 0.91 n/a n/a n/a n/a n/a n/a n/a n/a
Net income 0.51 0.46 0.58 0.52 0.87 0.51 0.85 0.19 0.01 0.28
Growth −9.8% +26.0% −10.5% +67.3% −42.1% +68.0% −77.6% −92.5% +1,839.5%
EPS, diluted 3.26 2.93 3.70 3.30 5.54 3.17 5.40 1.21 0.09 1.74
Growth −10.1% +26.3% −10.8% +67.9% −42.8% +70.3% −77.6% −92.6% +1,833.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin32.4%Net margin20.1%Fiscal year 2017Gross margin61.7%Operating margin34.9%Net margin17.8%Fiscal year 2018Gross margin60.7%Net margin21.5%Fiscal year 2019Gross margin61.7%Net margin17.6%Fiscal year 2020Gross margin61.3%Net margin31.6%Fiscal year 2021Gross margin62.8%Net margin17.5%Fiscal year 2022Gross margin62.1%Net margin27.3%Fiscal year 2023Gross margin61.1%Net margin5.8%Fiscal year 2024Gross margin59.9%Net margin0.4%Fiscal year 2025Gross margin59.1%Net margin7.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 61.7% 60.7% 61.7% 61.3% 62.8% 62.1% 61.1% 59.9% 59.1%
Operating margin 32.4% 34.9% n/a n/a n/a n/a n/a n/a n/a n/a
Net margin 20.1% 17.8% 21.5% 17.6% 31.6% 17.5% 27.3% 5.8% 0.4% 7.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow1.03Dividends paid−0.67Fiscal year 2017Operating cash flow0.91Dividends paid−0.53Fiscal year 2018Operating cash flow1.15Dividends paid−0.59Fiscal year 2019Operating cash flow1.18Dividends paid−0.67Fiscal year 2020Operating cash flow1.16Dividends paid−0.69Fiscal year 2021Operating cash flow1.13Dividends paid−0.68Fiscal year 2022Operating cash flow1.28Dividends paid−0.69Fiscal year 2023Operating cash flow1.30Dividends paid−0.69Fiscal year 2024Operating cash flow1.23Dividends paid−0.69Fiscal year 2025Operating cash flow1.25Dividends paid−0.64
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.03 0.91 1.15 1.18 1.16 1.13 1.28 1.30 1.23 1.25
Dividends paid −0.67 −0.53 −0.59 −0.67 −0.69 −0.68 −0.69 −0.69 −0.69 −0.64

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.36Total debt2.03Net cash (debt)−1.67Shareholders’ equity5.79Debt to equity0.35Fiscal year 2017Cash0.43Total debt3.01Net cash (debt)−2.58Shareholders’ equity5.81Debt to equity0.52Fiscal year 2018Cash0.54Total debt3.00Net cash (debt)−2.45Shareholders’ equity5.88Debt to equity0.51Fiscal year 2019Cash0.64Total debt2.95Net cash (debt)−2.30Shareholders’ equity5.68Debt to equity0.52Fiscal year 2020Cash1.67Total debt2.93Net cash (debt)−1.26Shareholders’ equity6.00Debt to equity0.49Fiscal year 2021Cash0.45Total debt3.30Net cash (debt)−2.85Shareholders’ equity5.83Debt to equity0.57Fiscal year 2022Cash0.69Shareholders’ equity6.13Fiscal year 2023Cash1.53Shareholders’ equity5.88Fiscal year 2024Cash1.25Shareholders’ equity5.41Fiscal year 2025Cash1.48Shareholders’ equity5.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.36 0.43 0.54 0.64 1.67 0.45 0.69 1.53 1.25 1.48
Total debt 2.03 3.01 3.00 2.95 2.93 3.30 n/a n/a n/a n/a
Net cash (debt) −1.67 −2.58 −2.45 −2.30 −1.26 −2.85 n/a n/a n/a n/a
Shareholders’ equity 5.79 5.81 5.88 5.68 6.00 5.83 6.13 5.88 5.41 5.15
Debt to equity 0.35 0.52 0.51 0.52 0.49 0.57 n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2.55 2.60 2.72 2.96 2.77 2.89 3.11 3.27 3.41 3.48
Growth +2.0% +4.4% +9.0% −6.6% +4.4% +7.6% +5.3% +4.1% +2.2%
n/a 1.61 1.65 1.83 1.69 1.81 1.93 2.00 2.04 2.06
Growth +2.7% +10.7% −7.2% +7.1% +6.4% +3.6% +2.1% +0.9%
0.11 0.11 0.12 0.14 0.13 0.15 0.15 0.17 0.16 0.17
0.83 0.91 n/a n/a n/a n/a n/a n/a n/a n/a
Growth +10.0%
0.51 0.46 0.58 0.52 0.87 0.51 0.85 0.19 0.01 0.28
Growth −9.8% +26.0% −10.5% +67.3% −42.1% +68.0% −77.6% −92.5% +1,839.5%
Per share
3.27 2.93 3.71 3.31 5.55 3.18 5.42 1.21 0.09 1.75
3.26 2.93 3.70 3.30 5.54 3.17 5.40 1.21 0.09 1.74
Growth −10.1% +26.3% −10.8% +67.9% −42.8% +70.3% −77.6% −92.6% +1,833.3%
153.7 154.2 154.4 154.6 155.4 156.1 156.7 156.9 157.5 158.3
154.0 154.4 154.7 154.9 155.5 156.4 157.1 157.2 157.8 158.9
Growth +0.3% +0.2% +0.1% +0.4% +0.6% +0.5% +0.0% +0.4% +0.7%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.7% a year over five years, and earnings per share fell 20.7% a year.
  • The diluted share count rose 2.2% in five years, which is dilution.
  • Gross margin is down 2.1 points on five years ago, at 59.1%.
  • Profitable in every one of the 10 years on file.