Real Estate · Office REITs · US stock · price as of 16 Oct 2026
Key indicators
Price
$59.20
52-week range
$47.99 – $74.09
Market cap
$9.5B
P/E (trailing)
31.7×
EV / EBITDA
–
Free-cash-flow yield
13.6%
Dividend yield
4.7%
Revenue (last 12 months)
$3.5B
Revenue growth (3y a year)
3.9%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value is not shown for this company.
X-Ray Score
52/ 100 · Low confidence · ahead of 62% of sector peers
Valuation90
Growth33
Profitability40
Financial health47
Dividends32
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
BXP is a real estate investment trust that owns, develops and manages large office properties, concentrated in major United States markets such as Boston, New York, San Francisco and Washington, D.C. It leases space to corporate, legal, technology and other tenants under multi-year contracts. Rent is its principal source of revenue, so occupancy, lease renewals and demand for office space strongly affect its results.
A dividend is paid, with a yield of 4.7%. Looking at the numbers, trailing revenue is $3.5 billion, and it expanded at 3.9% a year across three years. Some other measures are not covered here, so this summary is limited to the data above.
StocksXray gives BXP, Inc. an X-Ray Score of 52 out of 100 (low confidence), ahead of 62% of the S&P 500 stocks in its sector. Its strongest lens is valuation (90) and its weakest is dividends (32).
XStocksXray
BXP, Inc. (BXP)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$89.31
$54.87
$60.89
$68.37
$65.13
$59.20
Market cap
$14.0B
$8.6B
$9.6B
$10.8B
$10.3B
$9.5B
P/E
28.2×
10.2×
50.3×
759.7×
37.4×
31.7×
EV / revenue
5.8×
2.6×
2.5×
2.9×
2.8×
2.8×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
12.3×
6.7×
7.4×
8.7×
8.3×
7.4×
Free-cash-flow yield
8.1%
14.9%
13.6%
11.4%
12.0%
13.6%
Price / book
2.4×
1.4×
1.6×
2.0×
2.0×
1.8×
Dividend yield
–
–
–
–
–
4.73%
Fundamentals checklist ● 1 Good · ● 2 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.9%Average
Risk models
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−31.4%Bad
Revenue growth (3y)3.9%Bad
Growth consistency100%Good
Profitability
Gross profitability8.3%Bad
XStocksXray
BXP, Inc. (BXP)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
2,889
3,109
3,274
3,408
3,482
3,516
Gross profit
1,814
1,930
1,999
2,041
2,059
2,077
Operating income
–
–
–
–
–
–
Net income
496
849
190
14
277
297
Diluted EPS ($)
3.17
5.40
1.21
0.09
1.74
1.87
Free cash flow
1,133
1,282
1,302
1,235
1,245
1,285
Gross margin
62.8%
62.1%
61.1%
59.9%
59.1%
59.1%
Operating margin
–
–
–
–
–
–
Net margin
17.2%
27.3%
5.8%
0.4%
7.9%
8.4%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
22,365
24,208
26,026
26,085
26,166
25,174
Cash
453
690
1,531
1,255
1,478
494
Total debt
3,300
–
0
500
750
750
Equity
5,834
6,133
5,877
5,413
5,147
5,155
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.