15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 4.7% per year over the past 5 years.
Net income has grown slower than revenue (-20.5% vs 4.7% per year).
Financial health
Total debt has grown faster than revenue (10.2% vs 4.7% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 232.3% of earnings.
The dividend has declined 1.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$3.5B
$277M
59.1%
0.0%
—
—
$1.5B
2024
$3.4B
$14M
59.9%
0.0%
—
—
$1.3B
2023
$3.3B
$190M
61.1%
0.0%
—
—
$1.5B
2022
$3.1B
$849M
62.1%
0.0%
—
—
$690M
2021
$2.9B
$496M
62.8%
0.0%
—
$3.3B
$453M
2020
$2.8B
$873M
61.3%
0.0%
—
$2.9B
$1.7B
2019
$3.0B
$522M
61.7%
0.0%
—
$2.9B
$645M
2018
$2.7B
$583M
60.7%
0.0%
—
$3.0B
$543M
2017
$2.6B
$462M
61.7%
34.9%
—
$3.0B
$435M
2016
$2.6B
$513M
0.0%
32.4%
—
$2.0B
$357M
2015
$2.5B
$583M
0.0%
34.1%
—
$3.4B
$724M
2014
$2.4B
$444M
0.0%
33.5%
—
$4.2B
$1.8B
2013
$2.1B
$750M
0.0%
31.8%
—
$4.3B
$2.4B
2012
$1.8B
$290M
0.0%
34.7%
—
$3.1B
$1.0B
2011
$1.7B
$273M
0.0%
35.1%
—
$3.1B
$1.8B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$872M
$102M
58.0%
0.0%
—
—
$513M
Dec '25
$877M
$248M
58.8%
0.0%
—
—
$1.5B
Sep '25
$872M
-$122M
59.3%
0.0%
—
—
$861M
Jun '25
$868M
$89M
59.2%
0.0%
—
—
$447M
Mar '25
$865M
$61M
59.2%
0.0%
—
—
$398M
Dec '24
$859M
-$229M
59.7%
0.0%
—
—
$1.3B
Sep '24
$859M
$84M
59.5%
0.0%
—
—
$1.4B
Jun '24
$850M
$80M
59.8%
0.0%
—
—
$685M
Mar '24
$839M
$80M
60.6%
0.0%
—
—
$702M
Dec '23
$829M
$120M
60.6%
0.0%
—
—
$1.5B
Sep '23
$824M
-$112M
60.9%
0.0%
—
—
$883M
Jun '23
$817M
$104M
61.6%
0.0%
—
—
$1.6B
Mar '23
$803M
$78M
61.1%
0.0%
—
—
$919M
Dec '22
$790M
$122M
61.7%
0.0%
—
—
$690M
Sep '22
$791M
$361M
61.8%
0.0%
—
—
$376M
Jun '22
$774M
$223M
62.5%
0.0%
—
—
$456M
Mar '22
$754M
$143M
62.2%
0.0%
—
—
$436M
Dec '21
$731M
$185M
62.7%
0.0%
—
$3.3B
$453M
Sep '21
$730M
$108M
62.8%
0.0%
—
—
$1.0B
Jun '21
$714M
$112M
63.5%
0.0%
—
—
$557M
Valuation over time
How the market has priced BXP against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 10.2× (Mar '23) to 37.8× (Jun '26).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 3.0× (Jun '26).
The dividend yield has fallen from 7.9% (Mar '23) to 6.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is BXP growing its revenue and profit?
Over the past 5 years, BXP, Inc.'s revenue has grown 4.7% per year, and net income declined 20.5% per year. These are computed facts, not advice.
How much debt does BXP have?
As of FY2025, BXP, Inc. reported — of total debt against $1.5B of cash.
What is BXP's profit margin?
In FY2025, gross margin was 59.1%, operating margin —, and net margin 7.9%.
What is BXP's P/E ratio?
As of Jun '26, BXP, Inc. traded at a price-to-earnings ratio of about 37.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.