BXP BXP, Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026
$60.45
· of 52w range
· above low
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$49.7252w low
$75.9452w high
Market Cap
$9.64B
P/E (TTM)
32.5
EPS (TTM)
$1.86
Revenue (TTM)
$3.52B
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52W Range
$50–$76
Analyst Rating
HOLD
Price Target
$76
P/E
32.5
ROE
5.2%
Net Profit Margin
8.4%
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BXP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$60.45
Market Cap
$9.64B
P/E (TTM)
32.5
EPS (TTM)
$1.86
Revenue (TTM)
$3.52B
Div Yield
6.7%
ROE
5.2%
Debt/Equity
0.1
52W Range
$50–$76
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About BXP, Inc. Common Stock Company overview from Wikipedia
BXP, Inc. (formerly Boston Properties, Inc.) is a publicly traded real estate investment trust which invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet.
## History
The company was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde in Boston. In 1985, the company outbid Donald Trump to re-develop the New York Coliseum at Columbus Circle. However the company did not proceed with development and sold the property, it is now the site of the Time Warner Center. In 1986, the company completed 599 Lexington Avenue, its first development in New York City. In 1990, the company began construction of the NASA Headquarters. It was sold to Hana Financial Group in 2002.
In June 1997, the company became a public company via an initial public offering. In October 1997, the company acquired 100 East Pratt Street. In 1998, it acquired Embarcadero Center in San Francisco for about $1.22 billion and bought the Prudential Tower and The Shops at Prudential Center, both in Boston, for $519 million.
In 2000 and 2001, the company completed development of several office buildings in Reston Town Center. From 2002 to 2005, it built 901 New York Avenue NW in Washington, D.C. In June 2008, the company acquired the General Motors Building in New York City for $2.8 billion, the highest paid for an American office building.
In October 2010, the company acquired 200 Clarendon Street (formerly the John Hancock Tower) for $930 million. In 2012, the company partnered with Hines Interests Limited Partnership to develop the Salesforce Tower. By 2019, it had acquired 100% of the property.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees826
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.48B2018-12-31 → 2025-12-31
EPS$1.742018-12-31 → 2025-12-31
Net margin8.4%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | BXP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 32.55Y avg ≈307.7 | ≈307.7 | 35.7 | Fair value | |
| P/S | 2.85Y avg ≈3.3 | ≈3.3 | 3.8 | Undervalued | |
| P/B | 1.95Y avg ≈2.0 | ≈2.0 | 1.1 | Overvalued | |
| EV / EBITDA | 9.8 | · | · | · | |
| Price / Cash Flow | 7.75Y avg ≈8.9 | ≈8.9 | 7.9 | Overvalued | |
| EV / Revenue | 2.6 | · | · | · | |
| Price / Tangible Book | 1.95Y avg ≈2.0 | ≈2.0 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | BXP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 59.1%5Y avg ≈60.0% | ≈60.0% | · | · | |
| EBITDA Margin | 26.2%5Y avg ≈25.9% | ≈25.9% | 33.2% | Weak | |
| Net Profit Margin (TTM) | 8.4%5Y avg ≈4.7% | ≈4.7% | 7.3% | In line | |
| ROA | 1.1%5Y avg ≈0.62% | ≈0.62% | 0.76% | Top tier | |
| ROE | 5.2%5Y avg ≈2.9% | ≈2.9% | 3.1% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BXP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BXP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 2.2%5Y avg ≈3.9% | ≈3.9% | · | · | |
| Revenue CAGR 3Y | 3.9%5Y avg ≈5.1% | ≈5.1% | · | · | |
| Revenue CAGR 5Y | 4.7% | · | · | · | |
| EPS YoY | 1833.3%5Y avg ≈554.4% | ≈554.4% | · | · | |
| Net Income YoY | 1839.5%5Y avg ≈556.5% | ≈556.5% | · | · | |
| EPS CAGR 3Y | -31.4%5Y avg ≈-46.9% | ≈-46.9% | · | · | |
| EPS CAGR 5Y | -20.7% | · | · | · | |
| Net Income CAGR 3Y | -31.2%5Y avg ≈-46.8% | ≈-46.8% | · | · | |
| Net Income CAGR 5Y | -20.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BXP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.1 | ≈0.1 | 0.1 | Top tier | |
| Revenue / Employee | ≈$4.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield6.7%
Payout Ratio232.3%
Annualized Payout≈$2.80
5Y Div CAGR≈-3.0%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jun 30, 2026 | $0.70 | USD | ≈4.2% |
| Mar 31, 2026 | $0.70 | USD | ≈5.9% |
| Dec 31, 2025 | $0.70 | USD | ≈5.0% |
| Sep 30, 2025 | $0.70 | USD | ≈4.9% |
| Jun 30, 2025 | $0.98 | USD | ≈5.8% |
| Mar 31, 2025 | $0.98 | USD | ≈5.8% |
| Dec 31, 2024 | $0.98 | USD | ≈5.3% |
| Sep 30, 2024 | $0.98 | USD | ≈4.9% |
| Jun 28, 2024 | $0.98 | USD | ≈6.4% |
| Mar 27, 2024 | $0.98 | USD | ≈6.2% |
| Dec 28, 2023 | $0.98 | USD | ≈5.4% |
| Sep 28, 2023 | $0.98 | USD | ≈6.6% |
| Jun 29, 2023 | $0.98 | USD | ≈6.9% |
| Mar 30, 2023 | $0.98 | USD | ≈7.4% |
| Dec 29, 2022 | $0.98 | USD | ≈5.8% |
| Sep 29, 2022 | $0.98 | USD | ≈5.2% |
| Jun 29, 2022 | $0.98 | USD | ≈4.4% |
| Mar 30, 2022 | $0.98 | USD | ≈3.0% |
| Dec 30, 2021 | $0.98 | USD | ≈3.4% |
| Sep 29, 2021 | $0.98 | USD | ≈3.5% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
19.7%
Next Report
Oct 26, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.50 | $0.41 | 22.9% |
| March 31, 2026 | $0.64 | $0.34 | 89.1% | |
| Dec. 31, 2025 | $1.56 | $0.58 | 171.0% | |
| Sept. 30, 2025 | $-0.33 | $0.43 | -177.3% | |
| June 30, 2025 | $0.44 | $0.40 | 10.3% | |
| March 31, 2025 | $0.40 | $0.39 | 2.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B | $2.77B | $2.96B | $2.72B | $2.60B | $2.55B | $2.49B | $2.40B | |
| Gross Profit | $2.06B | $2.04B | $2.00B | $1.93B | $1.81B | $1.69B | $1.83B | $1.65B | $1.61B | · | · | · | |
| SG&A Expense | $169M | $160M | $170M | $146M | $152M | $133M | $141M | $122M | $114M | $105M | $96M | $99M | |
| Operating Expenses | $2.47B | $2.39B | $2.24B | $2.05B | $1.92B | $1.86B | $1.91B | $1.79B | $1.69B | $1.72B | $1.64B | $1.60B | |
| Operating Income | · | · | · | · | · | · | · | · | $908M | $826M | $849M | $802M | |
| Interest Expense | $653M | $645M | $580M | $437M | $423M | $432M | $413M | $378M | $374M | $413M | $432M | $456M | |
| Net Income | $277M | $14M | $190M | $849M | $505M | $873M | $522M | $583M | $462M | $513M | $583M | $444M | |
| EPS (Basic) | $1.75 | $0.09 | $1.21 | $5.42 | $3.18 | $5.55 | $3.31 | $3.71 | $2.93 | $3.27 | $3.73 | $2.83 | |
| EPS (Diluted) | $1.74 | $0.09 | $1.21 | $5.40 | $3.17 | $5.54 | $3.30 | $3.70 | $2.93 | $3.26 | $3.72 | $2.83 | |
| Shares (Basic) | 158,330,000 | 157,468,000 | 156,863,000 | 156,726,000 | 156,116,000 | 155,432,000 | 154,582,000 | 154,427,000 | 154,190,000 | 153,715,000 | 153,471,000 | 153,089,000 | |
| Shares (Diluted) | 158,869,000 | 157,793,000 | 157,201,000 | 157,137,000 | 156,376,000 | 155,517,000 | 154,883,000 | 154,682,000 | 154,390,000 | 153,977,000 | 153,844,000 | 153,308,000 | |
| EBITDA | $912M | $887M | $831M | $750M | $717M | $684M | $678M | $646M | $1.53B | $1.52B | $1.49B | $1.43B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.48B | $1.25B | $1.53B | $690M | $453M | $1.67B | $645M | $543M | $435M | $357M | $724M | $1.76B | |
| Total Assets | $26.17B | $26.08B | $26.03B | $24.21B | $22.37B | $22.86B | $21.28B | $20.26B | $19.37B | $18.85B | $18.35B | $19.89B | |
| Short-term Debt | $750M | $500M | $0 | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $18.47B | $18.14B | $17.83B | $15.84B | $14.32B | $14.51B | $13.26B | $12.04B | $11.27B | $10.92B | $10.46B | $11.88B | |
| Long-term Debt | · | · | · | · | $3.30B | $2.93B | $2.95B | $3.00B | $3.01B | $2.03B | $3.36B | $4.17B | |
| Total Debt | $750M | $500M | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Paid-in Capital | $6.84B | $6.84B | $6.72B | $6.54B | $6.50B | $6.36B | $6.29B | $6.41B | $6.38B | $6.33B | $6.31B | $6.27B | |
| Retained Earnings | $-1.67B | $-1.42B | $-816M | $-391M | $-626M | $-510M | $-761M | $-676M | $-712M | $-694M | $-781M | $-762M | |
| Treasury Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| AOCI | $-13M | $-2M | $-21M | $-14M | $-37M | $-50M | $-48M | $-48M | $-50M | $-52M | $-14M | $-9M | |
| Stockholders' Equity | $5.15B | $5.41B | $5.88B | $6.13B | $5.83B | $6.00B | $5.68B | $5.88B | $5.81B | $5.79B | $5.71B | $5.70B | |
| Liabilities + Equity | $26.17B | $26.08B | $26.03B | $24.21B | $22.37B | $22.86B | $21.28B | $20.26B | $19.37B | $18.85B | $18.35B | $19.89B | |
| Shares Outstanding | 158,548,298 | 158,175,000 | 156,941,000 | 156,758,000 | 156,545,000 | 155,719,000 | 154,790,000 | 154,458,000 | 154,325,000 | 153,790,000 | 153,580,000 | 153,114,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $912M | $887M | $831M | $750M | $717M | $684M | $678M | $646M | $618M | $694M | $640M | $629M | |
| Stock-based Comp | $44M | $44M | $51M | $52M | $51M | $44M | $41M | $40M | $35M | $33M | $29M | $28M | |
| Other Non-cash | $12M | $289M | $229M | $-368M | $-140M | $-444M | $-59M | $-118M | $-208M | $-203M | $-452M | $-405M | |
| Operating Cash Flow | $1.25B | $1.23B | $1.30B | $1.28B | $1.13B | $1.16B | $1.18B | $1.15B | $912M | $1.03B | $799M | $696M | |
| Investing Cash Flow | $-645M | $-1.24B | $-1.19B | $-1.60B | $-1.04B | $-614M | $-1.02B | $-1.10B | $-882M | $-1.34B | $-280M | $-665M | |
| Dividends Paid | $643M | $690M | $688M | $685M | $684M | $689M | $666M | $588M | $527M | $672M | $1.23B | $840M | |
| Financing Cash Flow | $-379M | $-274M | $768M | $556M | $-1.31B | $484M | $-113M | $82M | $55M | $-75M | $-1.56B | $-632M | |
| Net Change in Cash | $222M | $-277M | $876M | $236M | $-1.22B | $1.03B | $53M | $134M | $85M | $-377M | $-1.04B | $-602M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.1% | 59.9% | 61.1% | 62.1% | 62.8% | 61.3% | 61.7% | · | · | · | · | · | |
| Operating Margin | · | · | · | · | · | · | · | · | 34.9% | 32.4% | 34.1% | 33.5% | |
| Net Margin | 8.0% | 0.42% | 5.8% | 27.3% | 17.5% | 31.6% | 17.6% | 21.4% | 17.8% | 20.1% | 23.4% | 18.5% | |
| EBITDA Margin | 26.2% | 26.0% | 25.4% | 24.1% | 24.8% | 24.7% | 22.9% | 23.8% | 58.6% | 59.6% | 59.8% | 59.7% | |
| ROA | 1.1% | 0.05% | 0.76% | 3.6% | 2.2% | 4.0% | 2.5% | 2.9% | 2.4% | 2.8% | 3.0% | 2.2% | |
| ROE | 5.2% | 0.25% | 3.2% | 14.2% | 8.5% | 14.9% | 9.0% | 10.0% | 8.0% | 8.9% | 10.2% | 7.8% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 2.4 | 2.0 | 2.0 | 1.8 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $32.46 | $34.22 | $37.45 | $39.12 | $37.27 | $38.51 | $36.73 | $38.09 | $37.67 | $37.62 | $37.18 | $37.21 | |
| Revenue / Share | $21.92 | $21.60 | $20.82 | $19.78 | $18.47 | $17.78 | $19.11 | $17.57 | $16.85 | $16.57 | $16.19 | $15.64 | |
| Cash Flow / Share | $7.84 | $7.82 | $8.28 | $8.16 | $7.25 | $7.44 | $7.63 | $7.44 | $5.88 | $6.73 | $5.20 | $4.54 | |
| Cash / Share | $9.32 | $7.93 | $9.76 | $4.40 | $2.89 | $10.72 | $4.17 | $3.52 | $2.82 | $2.32 | $4.71 | $11.51 | |
| Dividend / Share | · | · | · | · | · | · | · | · | $3.05 | $2.70 | $3.85 | $7.10 | |
| EPS (TTM) | $1.74 | $0.09 | $1.21 | $5.40 | $3.17 | $5.54 | $3.30 | $3.70 | $2.93 | $3.26 | $3.72 | $2.83 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.2% | 4.1% | 5.3% | 7.6% | 4.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.9% | 5.7% | 5.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 1833.3% | -92.6% | -77.6% | 70.3% | -42.8% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -31.4% | -69.5% | -39.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -20.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1839.5% | -92.5% | -77.6% | 68.0% | -42.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -31.2% | -69.5% | -39.8% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -20.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -1.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.48B | $3.41B | $3.27B | $3.11B | $2.89B | $2.77B | $2.96B | $2.72B | $2.60B | $2.55B | $2.49B | $2.40B | |
| Net Income TTM | $277M | $14M | $190M | $849M | $505M | $873M | $522M | $583M | $462M | $513M | $583M | $444M | |
| Market Cap | $10.70B | $11.76B | $11.01B | $10.59B | $18.03B | $14.72B | $21.34B | $17.38B | $20.07B | $19.34B | $19.59B | $19.70B | |
| Enterprise Value | $9.97B | $11.01B | · | · | · | · | · | · | · | · | · | · | |
| P/E | 38.8 | 826.2 | 58.0 | 12.5 | 36.3 | 17.1 | 41.8 | 30.4 | 44.4 | 38.6 | 34.3 | 45.5 | |
| P/S | 3.1 | 3.5 | 3.4 | 3.4 | 6.2 | 5.3 | 7.2 | 6.4 | 7.7 | 7.6 | 7.9 | 8.2 | |
| P/B | 2.1 | 2.2 | 1.9 | 1.7 | 3.1 | 2.5 | 3.8 | 3.0 | 3.5 | 3.3 | 3.4 | 3.5 | |
| P / Tangible Book | 2.1 | 2.2 | 1.9 | 1.7 | 3.1 | 2.5 | · | · | · | · | · | · | |
| P / Cash Flow | 8.6 | 9.5 | 8.5 | 8.3 | 15.9 | 12.7 | 18.1 | 15.1 | 22.1 | 18.7 | 24.5 | 28.3 | |
| EV / EBITDA | 10.9 | 12.4 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 2.9 | 3.2 | · | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 6.0% | 5.9% | 6.2% | 6.5% | 3.8% | 4.7% | 3.1% | 3.4% | 2.6% | 3.5% | 6.3% | 4.3% | |
| Earnings Yield | 2.6% | 0.12% | 1.7% | 8.0% | 2.8% | 5.9% | 2.4% | 3.3% | 2.2% | 2.6% | 2.9% | 2.2% | |
| Payout Ratio | 232.3% | 4833.7% | 361.6% | 80.7% | 135.3% | 78.9% | 127.8% | 100.8% | 113.9% | 131.0% | 210.3% | 189.4% | |
| Annual Payout | $643M | $690M | $688M | $685M | $684M | $689M | $666M | $588M | $527M | $672M | $1.23B | $840M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $896M | $872M | $877M | $872M | $868M | $865M | $859M | $859M | $850M | $839M | $829M | $824M | $817M | $803M | $790M | $791M | |
| Gross Profit | $539M | $506M | $516M | $517M | $514M | $512M | $512M | $511M | $509M | $509M | $502M | $502M | $503M | $491M | $487M | $489M | |
| SG&A Expense | $50M | $59M | $38M | $36M | $43M | $52M | $33M | $33M | $44M | $50M | $39M | $31M | $44M | $56M | $36M | $33M | |
| Operating Expenses | $637M | $644M | $623M | $619M | $612M | $617M | $597M | $598M | $599M | $594M | $567M | $553M | $551M | $569M | $529M | $519M | |
| Interest Expense | $153M | $152M | $163M | $164M | $163M | $163M | $170M | $163M | $150M | $162M | $155M | $148M | $142M | $134M | $120M | $112M | |
| Net Income | $69M | $102M | $248M | $-122M | $89M | $61M | $-229M | $84M | $80M | $80M | $120M | $-112M | $104M | $78M | $122M | $361M | |
| EPS (Basic) | $0.43 | $0.64 | $1.57 | $-0.77 | $0.56 | $0.39 | $-1.46 | $0.53 | $0.51 | $0.51 | $0.75 | $-0.71 | $0.67 | $0.50 | $0.79 | $2.30 | |
| EPS (Diluted) | $0.43 | $0.64 | $1.56 | $-0.77 | $0.56 | $0.39 | $-1.46 | $0.53 | $0.51 | $0.51 | $0.76 | $-0.71 | $0.66 | $0.50 | $0.78 | $2.29 | |
| Shares (Basic) | 159,167,000 | 158,555,000 | · | 158,345,000 | 158,312,000 | 158,202,000 | · | 157,725,000 | 157,039,000 | 156,983,000 | · | 156,880,000 | 156,826,000 | 156,803,000 | · | 156,754,000 | |
| Shares (Diluted) | 159,629,000 | 159,056,000 | · | 158,345,000 | 158,795,000 | 158,632,000 | · | 158,213,000 | 157,291,000 | 157,132,000 | · | 156,880,000 | 157,218,000 | 157,043,000 | · | 157,133,000 | |
| EBITDA | · | $228M | · | · | · | $220M | · | · | · | $219M | · | · | · | $209M | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $1.48B | $861M | $447M | $398M | $1.25B | $1.42B | $685M | $702M | $1.53B | $883M | $1.58B | $919M | $690M | $376M | |
| Total Assets | · | · | $26.17B | $26.00B | $25.62B | $25.44B | $26.08B | $26.41B | $25.47B | $25.53B | · | $24.74B | $25.34B | $24.63B | · | $23.73B | |
| Short-term Debt | · | · | $750M | $750M | $750M | $500M | $500M | $500M | $500M | · | · | · | · | · | · | · | |
| Total Liabilities | · | · | $18.47B | $18.48B | $17.77B | $17.58B | $18.14B | $18.12B | $17.18B | $17.24B | · | $16.70B | $17.05B | $16.31B | · | $15.33B | |
| Total Debt | · | · | · | $750M | $750M | $500M | · | $500M | $500M | · | · | · | · | · | · | · | |
| Common Stock | · | · | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Paid-in Capital | · | · | $6.84B | $6.83B | $6.85B | $6.85B | $6.84B | $6.82B | $6.77B | $6.75B | · | $6.57B | $6.56B | $6.55B | · | $6.53B | |
| Retained Earnings | · | · | $-1.67B | $-1.81B | $-1.58B | $-1.51B | $-1.42B | $-1.04B | $-965M | $-890M | · | $-782M | $-517M | $-467M | · | $-360M | |
| Treasury Stock | · | · | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | $3M | |
| AOCI | · | · | $-13M | $-15M | $-15M | $-11M | $-2M | $-26M | $-155.0K | $-4M | · | $3M | $-3M | $-18M | · | $-16M | |
| Stockholders' Equity | · | · | $5.15B | $5.00B | $5.26B | $5.32B | $5.41B | $5.76B | $5.80B | $5.86B | · | $5.79B | $6.04B | $6.06B | · | $6.16B | |
| Liabilities + Equity | · | · | $26.17B | $26.00B | $25.62B | $25.44B | $26.08B | $26.41B | $25.47B | $25.53B | · | $24.74B | $25.34B | $24.63B | · | $23.73B | |
| Shares Outstanding | · | · | 158,548,298 | 158,400,414 | 158,366,277 | 158,323,327 | 158,174,995 | 157,979,898 | 157,097,841 | 157,049,171 | 156,941,000 | 156,939,180 | 156,853,400 | 156,829,793 | 156,758,000 | 156,754,712 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $237M | $228M | $232M | $236M | $224M | $220M | $226M | $223M | $220M | $219M | $212M | $207M | $203M | $209M | $198M | $191M | |
| Stock-based Comp | $16M | $25M | $5M | $5M | $12M | $23M | $4M | $4M | $16M | $19M | $5M | $5M | $15M | $26M | $8M | $8M | |
| Other Non-cash | · | $-198M | · | · | · | $-94M | · | · | · | $-120M | · | · | · | $-79M | · | · | |
| Operating Cash Flow | $446M | $156M | $408M | $274M | $353M | $210M | $384M | $286M | $367M | $198M | $387M | $301M | $379M | $234M | $370M | $296M | |
| Investing Cash Flow | $-355M | $6M | $344M | $-376M | $-303M | $-309M | $-387M | $-297M | $-267M | $-287M | $-318M | $-321M | $-269M | $-286M | $-290M | $-333M | |
| Dividends Paid | $125M | $124M | $123M | $173M | $173M | $173M | $173M | $173M | $173M | $172M | $173M | $172M | $172M | $171M | $172M | $172M | |
| Financing Cash Flow | $-119M | $-1.14B | $-133M | $512M | $-1M | $-757M | $-133M | $745M | $-129M | $-757M | $613M | $-679M | $554M | $279M | $208M | $-17M | |
| Net Change in Cash | $-28M | $-976M | $619M | $411M | $49M | $-856M | $-136M | $734M | $-29M | $-846M | $682M | $-698M | $664M | $227M | $288M | $-54M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 58.0% | · | 59.3% | 59.2% | 59.2% | · | 59.5% | 59.8% | 60.6% | · | 60.9% | 61.6% | 61.1% | · | 61.9% | |
| Net Margin | 7.6% | 11.7% | · | -14.0% | 10.2% | 7.1% | · | 9.7% | 9.4% | 9.5% | · | -13.6% | 12.8% | 9.7% | · | 45.7% | |
| EBITDA Margin | · | 26.1% | · | · | · | 25.4% | · | · | · | 26.1% | · | · | · | 26.0% | · | · | |
| ROA | · | · | · | -0.46% | 0.35% | 0.24% | · | 0.33% | 0.31% | 0.32% | · | -0.46% | 0.43% | 0.33% | · | 1.6% | |
| ROE | · | · | · | -2.3% | 1.6% | 1.1% | · | 1.5% | 1.3% | 1.3% | · | -1.9% | 1.7% | 1.3% | · | 6.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | · | · | · | · | · | · | · |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | · | · | $31.56 | $33.21 | $33.60 | · | $36.46 | $36.94 | $37.30 | · | $36.88 | $38.51 | $38.66 | · | $39.27 | |
| Revenue / Share | $5.61 | $5.48 | · | $5.50 | $5.47 | $5.45 | · | $5.43 | $5.41 | $5.34 | · | $5.25 | $5.20 | $5.11 | · | $5.03 | |
| Cash Flow / Share | · | $0.98 | · | · | · | $1.32 | · | · | · | $1.26 | · | · | · | $1.49 | · | · | |
| Cash / Share | · | · | · | $5.44 | $2.82 | $2.51 | · | $8.99 | $4.36 | $4.47 | · | $5.62 | $10.08 | $5.86 | · | $2.40 | |
| Dividend Paid / Share | · | · | · | · | · | · | $0.98 | · | · | · | $0.98 | · | · | · | · | · | |
| EPS (TTM) | $1.86 | $1.99 | · | $-1.28 | $0.02 | $-0.03 | · | $2.31 | $1.07 | $1.22 | · | $1.23 | $4.23 | $4.99 | · | $5.80 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.52B | $3.49B | · | $3.46B | $3.45B | $3.43B | · | $3.38B | $3.34B | $3.31B | · | $3.23B | $3.20B | $3.16B | · | $3.05B | |
| Net Income TTM | $297M | $317M | · | $-200M | $5M | $-4M | · | $363M | $168M | $192M | · | $192M | $665M | $784M | · | $912M | |
| Market Cap | · | · | · | $11.78B | $10.68B | $10.64B | · | $12.71B | $9.67B | $10.26B | · | $9.33B | $9.03B | $8.49B | · | $11.75B | |
| Enterprise Value | · | · | · | $11.66B | $10.99B | $10.74B | · | $11.79B | $9.49B | · | · | · | · | · | · | · | |
| P/E | 35.7 | 26.1 | · | -58.1 | 3373.5 | -2239.7 | · | 34.8 | 57.5 | 53.5 | · | 48.4 | 13.6 | 10.8 | · | 12.9 | |
| P/S | · | · | · | 3.4 | 3.1 | 3.1 | · | 3.8 | 2.9 | 3.1 | · | 2.9 | 2.8 | 2.7 | · | 3.9 | |
| P/B | · | · | · | 2.4 | 2.0 | 2.0 | · | 2.2 | 1.7 | 1.8 | · | 1.6 | 1.5 | 1.4 | · | 1.9 | |
| P / Tangible Book | · | · | · | 2.4 | 2.0 | 2.0 | · | 2.2 | 1.7 | 1.8 | · | 1.6 | 1.5 | 1.4 | · | 1.9 | |
| P / Cash Flow | · | · | · | · | · | 50.6 | · | · | · | 51.9 | · | · | · | 36.3 | · | · | |
| EV / Revenue | · | · | · | 3.4 | 3.2 | 3.1 | · | 3.5 | 2.8 | · | · | · | · | · | · | · | |
| Dividend Yield | · | · | · | 5.9% | 6.5% | 6.5% | · | 5.4% | 7.1% | 6.7% | · | 7.3% | 7.6% | 8.1% | · | 5.8% | |
| Earnings Yield | 2.8% | 3.8% | · | -1.7% | 0.03% | -0.04% | · | 2.9% | 1.7% | 1.9% | · | 2.1% | 7.3% | 9.2% | · | 7.7% | |
| Payout Ratio | · | 122.2% | · | · | · | 283.0% | · | · | · | 215.1% | · | · | · | 219.9% | · | · | |
| Annual Payout | $545M | $594M | · | $692M | $692M | $691M | · | $690M | $689M | $688M | · | $687M | $686M | $686M | · | $684M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Revenue | · | · | $3.48B | $3.41B | $3.27B |
| Gross Margin % | · | · | 59.1% | 59.9% | 61.1% |
| Net Income | · | · | $277M | $14M | $190M |
| Diluted EPS | · | · | $1.74 | $0.09 | $1.21 |
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | · | 0.1 | 0.1 | · |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 598 filers · $11.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
598
Value held
$11.8B
New positions
77
Exited positions
57
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 77 (-3 vs prior Q) | 57 (-77 vs prior Q) | 221 (+61 vs prior Q) | 173 (-62 vs prior Q) | +14.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,621,631,651 | 24,031,293 | 13.71% | Shares |
| BlackRock, Inc. | $1,192,348,608 | 17,981,430 | 10.08% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $859,635,944 | 12,963,896 | 7.27% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $666,578,490 | 10,052,458 | 5.64% | Shares |
| STATE STREET CORP | $659,640,140 | 9,845,148 | 5.58% | Shares |
| First Eagle Investment Management, LLC | $627,773,161 | 9,467,247 | 5.31% | Shares |
| APG Asset Management US Inc. | $489,913,609 | 7,230,130 | 4.14% | Shares |
| NORGES BANK | $429,776,727 | 6,481,326 | 3.63% | Shares |
| Invesco Ltd. | $384,559,245 | 5,799,416 | 3.25% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $291,011,555 | 4,395,853 | 2.46% | Shares |
| Daiwa Securities Group Inc. | $271,133,103 | 4,088,872 | 2.29% | Shares |
| MORGAN STANLEY | $197,937,622 | 2,985,033 | 1.67% | Shares |
| BANK OF AMERICA CORP /DE/ | $186,470,595 | 2,812,104 | 1.58% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $177,185,227 | 2,672,074 | 1.50% | Shares |
| NORTHERN TRUST CORP | $169,877,600 | 2,561,870 | 1.44% | Shares |
| EARNEST PARTNERS LLC | $167,808,595 | 2,530,668 | 1.42% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $153,941,592 | 2,321,469 | 1.30% | Shares |
| SEI INVESTMENTS CO | $135,201,259 | 2,038,927 | 1.14% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $132,206,044 | 1,842,273 | 1.12% | Shares |
| CITADEL ADVISORS LLC | $128,286,044 | 1,934,641 | 1.08% | Shares |
| PRUDENTIAL FINANCIAL INC | $120,386,600 | 1,815,512 | 1.02% | Shares |
| JPMORGAN CHASE & CO | $101,354,050 | 1,504,369 | 0.86% | Shares |
| UBS Group AG | $99,893,363 | 1,506,460 | 0.84% | Shares |
| GOLDMAN SACHS GROUP INC | $96,430,966 | 1,454,245 | 0.82% | Shares |
| Legal & General Group Plc | $83,986,720 | 1,266,577 | 0.71% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $81,398,643 | 1,229,773 | 0.69% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $67,828,265 | 1,306,903 | 0.57% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $65,138,037 | 982,326 | 0.55% | Shares |
| Bank of New York Mellon Corp | $63,768,970 | 961,680 | 0.54% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $55,857,687 | 842,372 | 0.47% | Shares |
| HSBC HOLDINGS PLC | $50,792,869 | 765,791 | 0.43% | Shares |
| FRANKLIN RESOURCES INC | $49,584,603 | 747,770 | 0.42% | Shares |
| MILLENNIUM MANAGEMENT LLC | $47,855,131 | 721,688 | 0.40% | Shares |
| STRS OHIO | $47,432,339 | 715,312 | 0.40% | Shares |
| AMERIPRISE FINANCIAL INC | $46,909,230 | 758,602 | 0.40% | Shares |
| State of Tennessee, Department of Treasury | $46,107,465 | 695,332 | 0.39% | Shares |
| Divco West Real Estate Services, LLC | $45,126,607 | 680,540 | 0.38% | Shares |
| DEUTSCHE BANK AG\ | $45,011,228 | 678,800 | 0.38% | Shares |
| Woodline Partners LP | $42,264,204 | 637,373 | 0.36% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $40,551,814 | 611,549 | 0.34% | Shares |
| Nuveen, LLC | $36,831,804 | 555,449 | 0.31% | Shares |
| BARCLAYS PLC | $31,344,537 | 472,697 | 0.27% | Shares |
| Russell Investments Group, Ltd. | $31,242,589 | 471,127 | 0.26% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $30,700,933 | 462,991 | 0.26% | Shares |
| Heitman Real Estate Securities LLC | $29,884,259 | 450,675 | 0.25% | Shares |
| Hudson Bay Capital Management LP | $28,903,999 | 435,892 | 0.24% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $28,746,303 | 433,514 | 0.24% | Shares |
| Gotham Asset Management, LLC | $28,111,395 | 423,939 | 0.24% | Shares |
| ROYAL BANK OF CANADA | $27,907,000 | 420,851 | 0.24% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $25,535,649 | 385,095 | 0.22% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Edward H. Linde ×4 filings | Sept. 23, 2009 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Feb. 13, 2003 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 5, 2001 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 47 insiders · 10 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael E Labelle | EVP and CFO | June 9, 2026 S | 5,839 | 0 | 3 | $-2,703,503 |
| Douglas T Linde | President | Feb. 13, 2026 A | 180,763 | 0 | 0 | $0 |
| Eric G Kevorkian | SVP, CLO and Secretary | May 21, 2026 C | 311 | 0 | 2 | $-131,744 |
| Peter V Otteni | Executive Vice President | May 20, 2026 S | 0 | 0 | 2 | $-587,689 |
| Hilary J. Spann | Executive Vice President | Feb. 27, 2026 S | 17,832 | 0 | 2 | $-403,589 |
| Raymond A Ritchey | Senior EVP | Feb. 13, 2026 A | 0 | 0 | 1 | $-2,621,145 |
| Bryan J Koop | Executive Vice President | Feb. 13, 2026 A | 9,752 | 0 | 0 | $0 |
| Donna D Garesche | EVP, Chief HR Officer | Jan. 30, 2026 A | 0 | 0 | 0 | $0 |
| John J Stroman | Executive Vice President | Jan. 30, 2026 A | 0 | 0 | 1 | $-1,215,198 |
| Michael R. Walsh | SVP & Chief Accounting Officer | Jan. 30, 2026 A | · | 0 | 0 | $0 |
| Tony West | Director | Sept. 30, 2026 A | 7,691 | 0 | 0 | $0 |
| Mary E Kipp | Director | Sept. 30, 2026 A | 542 | 0 | 0 | $0 |
| Julie Richardson | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Matthew J Lustig | Director | Sept. 30, 2026 A | 10,000 | 0 | 0 | $0 |
| Joel Klein | Director | Sept. 30, 2026 A | 0 | 0 | 0 | $0 |
| Bruce W Duncan | Director | Sept. 30, 2026 A | 21,000 | 0 | 0 | $0 |
| William H Walton III | Director | Sept. 30, 2026 A | · | 0 | 0 | $0 |
| Diane J Hoskins | Director | May 29, 2026 A | 18,929 | 0 | 0 | $0 |
| Timothy J Naughton | Director | May 29, 2026 A | 8,601 | 0 | 0 | $0 |
| Owen D Thomas | · | Feb. 13, 2026 A | 0 | 0 | 1 | $-73,342 |
| Rodney Diehl | · | Jan. 30, 2026 A | · | 0 | 0 | $0 |
| Carol B. Einiger | · | March 31, 2025 A | 10,000 | 0 | 0 | $0 |
| Kelly Ayotte | · | March 31, 2024 A | · | 0 | 0 | $0 |
| Robert E Pester | · | Feb. 12, 2024 A | 36,453 | 0 | 0 | $0 |
| David A Twardock | · | March 31, 2023 A | 10,399 | 0 | 0 | $0 |
| Frank D Burt | · | Feb. 1, 2022 A | 0 | 0 | 0 | $0 |
| Karen E Dykstra | · | May 27, 2021 A | 8,219 | 0 | 0 | $0 |
| John Francis Powers | · | April 1, 2021 J | 0 | 0 | 0 | $0 |
| Peter D Johnston | · | Feb. 12, 2021 A | 17,917 | 0 | 0 | $0 |
| Martin Turchin | · | March 31, 2019 A | 2,857 | 0 | 0 | $0 |
| Jacob A Frenkel | · | May 31, 2018 A | 1,013 | 0 | 0 | $0 |
| Alan J Patricof | · | March 31, 2018 A | 0 | 0 | 0 | $0 |
| Ivan G Seidenberg | · | April 29, 2016 A | 9,038 | 0 | 0 | $0 |
| Lori W Silverstein | · | Feb. 22, 2016 A | 447 | 0 | 0 | $0 |
| Mortimer B Zuckerman | · | Feb. 22, 2016 A | 740,845 | 0 | 0 | $0 |
| BUDINGER ZOE BAIRD | · | April 30, 2014 A | 1,834 | 0 | 0 | $0 |
| Robert E Selsam | · | May 17, 2013 S | 19,589 | 0 | 0 | $0 |
| Arthur Flashman | · | Feb. 1, 2013 A | 1,402 | 0 | 0 | $0 |
| Lawrence S Bacow | · | Aug. 20, 2012 C | 0 | 0 | 0 | $0 |
| Mitchell E Norville | · | Feb. 13, 2012 A | 17,166 | 0 | 0 | $0 |
| Mitchell S Landis | · | June 30, 2011 G | 28,387 | 0 | 0 | $0 |
| Frederick J Iseman | · | Sept. 30, 2010 A | · | 0 | 0 | $0 |
| Richard E Salomon | · | April 30, 2010 A | 1,834 | 0 | 0 | $0 |
| Edward H Linde | · | Nov. 27, 2009 G | 386,503 | 0 | 0 | $0 |
| William M Daley | · | April 30, 2007 A | 2,117 | 0 | 0 | $0 |
| Alan B Landis | · | April 29, 2005 A | 0 | 0 | 0 | $0 |
| Robert Edwin Burke | · | Jan. 28, 2005 A | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 97 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSPR · Invesco Exchange-Traded Fund Trust | 3.36% | 45,232 | Oct. 2, 2026 | Daily |
| SPDV · ETF Series Solutions | 1.90% | 35,713 NS | July 31, 2026 | N-PORT |
| SPHD · Invesco Exchange-Traded Fund Trust … | 1.89% | 981,595 | Oct. 2, 2026 | Daily |
| PSR · Invesco Actively Managed Exchange-T… | 1.61% | 14,460 | Oct. 2, 2026 | Daily |
| ICF · iShares Trust | 1.36% | 421,315 SH | Sept. 11, 2026 | Daily |
| EPSB · Harbor ETF Trust | 1.31% | 897 NS | July 31, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.22% | 793 NS | July 31, 2026 | N-PORT |
| DIVD · EA Series Trust | 1.21% | 3,693 NS | July 31, 2026 | N-PORT |
| EPMV · Harbor ETF Trust | 1.06% | 708 NS | July 31, 2026 | N-PORT |
| USRT · iShares Trust | 0.87% | 606,424 SH | Sept. 11, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.79% | 200,942 NS | July 31, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 0.74% | 4,760 NS | July 31, 2026 | N-PORT |
| IYR · iShares Trust | 0.71% | 457,506 SH | Sept. 11, 2026 | Daily |
| ERET · iShares Trust | 0.70% | 1,477 SH | Sept. 11, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.67% | 142,223 NS | July 31, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 0.65% | 148,255 | Oct. 2, 2026 | Daily |
| REET · iShares Trust | 0.57% | 432,003 SH | Sept. 11, 2026 | Daily |
| BRNY · EA Series Trust | 0.53% | 43,779 NS | July 31, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.52% | 5,661,336 SH | Aug. 19, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.52% | 285,708 NS | July 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.42% | 19,650 NS | July 31, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.30% | 9,773 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.25% | 22,752 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.23% | 2,322,353 SH | Aug. 19, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 64,034 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.22% | 78,691 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.21% | 91,519 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.19% | 3,035,986 | Oct. 2, 2026 | Daily |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.18% | 5,694,000 | Oct. 2, 2026 | Daily |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.18% | 7,884,000 | Oct. 2, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.17% | 596 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.16% | 31,067 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.15% | 19,254 | Oct. 2, 2026 | Daily |
| SMMD · iShares Trust | 0.14% | 84,579 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.13% | 180,000 | Oct. 2, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.13% | 3,658,170 SH | Aug. 19, 2026 | Daily |
| ISCG · iShares Trust | 0.13% | 19,175 SH | Sept. 11, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.10% | 4,951 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.10% | 237,648 SH | Sept. 11, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.09% | 2,159 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.09% | 9,255 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.07% | 650,801 SH | Sept. 11, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.06% | 1,857,000 | Oct. 2, 2026 | Daily |
| XOEF · iShares Trust | 0.05% | 186 SH | Sept. 11, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.05% | 44,183 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 58,464 | Oct. 2, 2026 | Daily |
| DIVB · iShares Trust | 0.03% | 10,700 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.03% | 246,576 SH | Sept. 11, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.03% | 34,249 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 95,511 SH | Aug. 19, 2026 | Daily |
| IUSV · iShares Trust | 0.03% | 127,977 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.03% | 351,496 SH | Sept. 11, 2026 | Daily |
| DSI · iShares Trust | 0.03% | 22,685 SH | Sept. 10, 2026 | Daily |
| EGLE · Global X Funds | 0.03% | 8 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.02% | 14 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.02% | 3,852,738 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 26,335 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.02% | 35,836 SH | Aug. 19, 2026 | Daily |
| TOPC · iShares Trust | 0.02% | 94 SH | Sept. 10, 2026 | Daily |
| XCLR · Global X Funds | 0.02% | 9 NS | July 31, 2026 | N-PORT |
| CATH · Global X Funds | 0.02% | 3,263 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.02% | 20 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.02% | 159 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.02% | 27,477 | Oct. 2, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.02% | 4,629 | Oct. 2, 2026 | Daily |
| XVV · iShares Trust | 0.02% | 1,744 SH | Sept. 11, 2026 | Daily |
| XYLD · Global X Funds | 0.02% | 7,446 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.02% | 7,472 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.01% | 950 | Oct. 2, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.01% | 559 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.01% | 3,545 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.01% | 1,866,408 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 108,633 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 4,424 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 42,867 SH | Sept. 10, 2026 | Daily |
| XRMI · Global X Funds | 0.01% | 95 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.01% | 6,212 SH | Sept. 10, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.01% | 1,031 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.01% | 188,603 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.01% | 11,591 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.01% | 114 | Oct. 2, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 5,067,482 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 132,453 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 13,347 SH | Aug. 19, 2026 | Daily |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VSDB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
| ISCB · iShares Trust | · | 6,603 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 19,259 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 34,414 SH | Sept. 11, 2026 | Daily |
BXP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 26 analysts
BUY
Median target
$76.50
+26.6%
4 15.4%
Strong Buy
10 38.5%
Buy
11 42.3%
Hold
1 3.8%
Sell
0 0.0%
Strong Sell
12-Month Price Target
20 analysts · 2026-09-29Mean target $76.35 +26.3%
Now
Current price $60.45
Low$60.00
Mean$76.35
High$91.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BXP | $10.70B | 38.8 | 2.2% | 8.0% | 5.2% | 59.1% |
| CDP | $3.15B | 20.7 | 1.4% | 20.9% | 10.6% | · |
| VNO | $6.35B | 7.9 | 1.3% | 50.0% | 16.2% | · |
| CUZ | $4.33B | 107.4 | 16.0% | 4.1% | 0.85% | · |
| KRC | $4.42B | 16.1 | -2.0% | 27.2% | 5.6% | · |
| SLG | $3.26B | -28.5 | 13.2% | -9.7% | -2.5% | · |
| HIW | $2.84B | 17.8 | -2.4% | 20.2% | 6.9% | · |
| DEI | $1.84B | 122.1 | 1.8% | 1.6% | 0.82% | 63.3% |
| PDM | $1.04B | -12.4 | -0.93% | -14.8% | -5.4% | · |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | · |
| PSTL | · | 34.3 | 25.5% | 14.8% | 5.3% | · |
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Source: SEC 10-Q filed Aug 6, 2026