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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$3.5B
$277M
59.1%
0.0%
5.4%
1.1%
—
—
$1.5B
2024
$3.4B
$14M
59.9%
0.0%
0.3%
0.1%
—
—
$1.3B
2023
$3.3B
$190M
61.1%
0.0%
3.2%
0.7%
—
—
$1.5B
2022
$3.1B
$849M
62.1%
0.0%
13.8%
3.5%
—
—
$690M
2021
$2.9B
$496M
62.8%
0.0%
8.5%
2.2%
—
$3.3B
$453M
2020
$2.8B
$873M
61.3%
0.0%
14.6%
3.8%
—
$2.9B
$1.7B
2019
$3.0B
$522M
61.7%
0.0%
9.2%
2.5%
—
$2.9B
$645M
2018
$2.7B
$583M
60.7%
0.0%
9.9%
2.9%
—
$3.0B
$543M
2017
$2.6B
$462M
61.7%
34.9%
8.0%
2.4%
—
$3.0B
$435M
2016
$2.6B
$513M
0.0%
32.4%
8.9%
2.7%
—
$2.0B
$357M
2015
$2.5B
$583M
0.0%
34.1%
10.2%
3.2%
—
$3.4B
$724M
2014
$2.4B
$444M
0.0%
33.5%
7.8%
2.2%
—
$4.2B
$1.8B
2013
$2.1B
$750M
0.0%
31.8%
13.1%
3.7%
—
$4.3B
$2.4B
2012
$1.8B
$290M
0.0%
34.7%
5.7%
1.9%
—
$3.1B
$1.0B
2011
$1.7B
$273M
0.0%
35.1%
5.6%
1.8%
—
$3.1B
$1.8B
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$896M
$69M
60.1%
0.0%
1.3%
0.3%
—
—
$494M
Mar '26
$872M
$102M
58.0%
0.0%
2.0%
0.4%
—
—
$513M
Dec '25
$877M
$248M
58.8%
0.0%
4.8%
0.9%
—
—
$1.5B
Sep '25
$872M
-$122M
59.3%
0.0%
-2.4%
-0.5%
—
—
$861M
Jun '25
$868M
$89M
59.2%
0.0%
1.7%
0.3%
—
—
$447M
Mar '25
$865M
$61M
59.2%
0.0%
1.1%
0.2%
—
—
$398M
Dec '24
$859M
-$229M
59.7%
0.0%
-4.2%
-0.9%
—
—
$1.3B
Sep '24
$859M
$84M
59.5%
0.0%
1.5%
0.3%
—
—
$1.4B
Jun '24
$850M
$80M
59.8%
0.0%
1.4%
0.3%
—
—
$685M
Mar '24
$839M
$80M
60.6%
0.0%
1.4%
0.3%
—
—
$702M
Dec '23
$829M
$120M
60.6%
0.0%
2.0%
0.5%
—
—
$1.5B
Sep '23
$824M
-$112M
60.9%
0.0%
-1.9%
-0.5%
—
—
$883M
Jun '23
$817M
$104M
61.6%
0.0%
1.7%
0.4%
—
—
$1.6B
Mar '23
$803M
$78M
61.1%
0.0%
1.3%
0.3%
—
—
$919M
Dec '22
$790M
$122M
61.7%
0.0%
2.0%
0.5%
—
—
$690M
Sep '22
$791M
$361M
61.8%
0.0%
5.9%
1.5%
—
—
$376M
Jun '22
$774M
$223M
62.5%
0.0%
3.8%
1.0%
—
—
$456M
Mar '22
$754M
$143M
62.2%
0.0%
2.4%
0.6%
—
—
$436M
Dec '21
$731M
$185M
62.7%
0.0%
3.2%
0.8%
—
$3.3B
$453M
Sep '21
$730M
$108M
62.8%
0.0%
1.9%
0.5%
—
—
$1.0B
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 36.6× (Nov '26).
The price-to-sales ratio has risen from 2.8× (Mar '23) to 2.9× (Nov '26).
The dividend yield has fallen from 7.9% (Mar '23) to 6.3% (Nov '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?
BXP, Inc.'s P/E (TTM) is 34.14 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BXP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 36.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.