Boston Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Boston Properties
BXP Stock  USD 67.82  0.34  0.50%   
Analyzing historical trends in various income statement and balance sheet accounts from Boston Properties' financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Boston Properties' valuation are summarized below:
Gross Profit
2.1 B
Profit Margin
(0.06)
Market Capitalization
12 B
Enterprise Value Revenue
7.8626
Revenue
3.4 B
There are currently one hundred twenty fundamental signals for Boston Properties that can be evaluated and compared over time across rivals. Investors and active traders are advised to validate Boston Properties' prevailing fundamental performance against the performance between 2010 and 2026 to make sure the trends are evolving in the right direction. As of 01/05/2026, Market Cap is likely to grow to about 20.1 B, while Enterprise Value is likely to drop slightly above 15.7 B.

Boston Properties Total Revenue

2.09 Billion

Check Boston Properties financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boston Properties' main balance sheet or income statement drivers, such as Depreciation And Amortization of 607.2 M, Interest Expense of 779 M or Selling General Administrative of 213.1 M, as well as many indicators such as Price To Sales Ratio of 4.55, Dividend Yield of 0.0619 or PTB Ratio of 3.06. Boston financial statements analysis is a perfect complement when working with Boston Properties Valuation or Volatility modules.
  
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Boston Properties Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets16 B30 B19.9 B
Slightly volatile
Short and Long Term Debt Total10 B19.9 B13.1 B
Slightly volatile
Total Current Liabilities1.5 B1.4 B764.1 M
Slightly volatile
Total Stockholder Equity4.5 B6.2 B5.3 B
Slightly volatile
Property Plant And Equipment Net773.2 M813.8 M9.4 B
Slightly volatile
Net Debt19.4 B18.5 B11.2 B
Slightly volatile
Accounts Payable485.3 M462.2 M308.8 M
Slightly volatile
Cash813.1 M1.4 B1 B
Very volatile
Non Current Assets Total14.3 B26.5 B17.7 B
Slightly volatile
Cash And Short Term Investments819.2 M1.4 B1 B
Very volatile
Net Receivables2 B1.9 B1.1 B
Slightly volatile
Common Stock Total Equity1.4 M1.8 M1.5 M
Slightly volatile
Common Stock Shares Outstanding138.9 M181.5 M148.1 M
Slightly volatile
Liabilities And Stockholders Equity16 B30 B19.9 B
Slightly volatile
Non Current Liabilities Total20.4 B19.5 B12.6 B
Slightly volatile
Other Stockholder Equity4.8 B7.9 B5.9 B
Slightly volatile
Total Liabilities21.9 B20.9 B13.4 B
Slightly volatile
Property Plant And Equipment Gross8.2 B12.4 B10.1 B
Slightly volatile
Total Current Assets3.7 B3.5 B2.3 B
Slightly volatile
Common Stock1.4 M1.8 M1.5 M
Slightly volatile
Other Assets69.6 M73.3 M3.4 B
Pretty Stable
Other Liabilities569.2 M526.2 M554.5 M
Pretty Stable
Long Term Debt9.6 B18.1 B11.4 B
Slightly volatile
Short Term Investments28.5 M37.1 M26.4 M
Slightly volatile
Net Tangible Assets6 B7.1 B5.6 B
Slightly volatile
Long Term Debt Total12.8 B18.5 B12 B
Slightly volatile
Capital Surpluse6.8 B7.9 B6.2 B
Slightly volatile
Long Term Investments976 M1.3 B903.5 M
Slightly volatile
Non Current Liabilities Other542.3 M518.4 M487.5 M
Slightly volatile
Deferred Long Term Asset Charges746.5 M711.6 M668.7 M
Pretty Stable
Warrants10.5 M11 M604.2 M
Pretty Stable
Short and Long Term Debt427.5 M450 M4.3 B
Slightly volatile
Cash And Equivalents926.2 M1.4 B711.1 M
Slightly volatile
Net Invested Capital20.8 B24.9 B18.1 B
Slightly volatile
Net Working Capital1.8 B2.1 B1.4 B
Slightly volatile
Capital Stock1.4 M1.4 M130.9 M
Slightly volatile
Capital Lease Obligations604.5 M878.1 M505.8 M
Slightly volatile

Boston Properties Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization607.2 M1 B833 M
Pretty Stable
Selling General Administrative213.1 M202.9 M130.4 M
Slightly volatile
Total Revenue2.1 B3.9 B2.5 B
Slightly volatile
Gross Profit1.3 B2.4 B1.6 B
Slightly volatile
Other Operating Expenses2.9 B2.7 B1.8 B
Slightly volatile
Operating Income639.5 M1.2 B832.6 M
Slightly volatile
EBITDA1.3 B1.9 B1.5 B
Slightly volatile
Cost Of Revenue1.6 B1.5 B987.1 M
Slightly volatile
Total Operating Expenses1.3 B1.2 B799.2 M
Slightly volatile
Net Income15.6 M16.4 M407.1 M
Pretty Stable
Income Tax Expense76.4 M80.4 M329.2 M
Slightly volatile
Income Before Tax92 M96.8 M461.7 M
Very volatile
Net Income Applicable To Common Shares15.6 M16.4 M408.1 M
Pretty Stable
Extraordinary Items87.7 M142.2 M106.2 M
Slightly volatile
Selling And Marketing Expenses2 M2.2 M2.4 M
Slightly volatile
Net Income From Continuing Ops92 M96.8 M774 M
Very volatile
Discontinued Operations5 M9.2 M6.7 M
Slightly volatile
Non Recurring29 M27.6 M16.2 M
Slightly volatile
Interest Income46.8 M54.2 M158.9 M
Slightly volatile
Reconciled Depreciation798.1 M1 B702.7 M
Slightly volatile

Boston Properties Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow1.9 B1.9 B1.1 B
Pretty Stable
Depreciation1.1 B1 B669.5 M
Slightly volatile
Dividends Paid590.7 M793.4 M618.3 M
Slightly volatile
Capital Expenditures515 M403.2 M498.5 M
Slightly volatile
Total Cash From Operating Activities777.2 M1.4 B950.7 M
Slightly volatile
Net Income92 M96.8 M489.3 M
Very volatile
End Period Cash Flow831.2 M1.5 B1.1 B
Very volatile
Stock Based Compensation35.2 M50.5 M37.6 M
Slightly volatile
Issuance Of Capital Stock15.1 M27.8 M16.5 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio4.553.096.0505
Slightly volatile
Dividend Yield0.06190.06780.0424
Slightly volatile
PTB Ratio3.062.493.1347
Slightly volatile
Days Sales Outstanding170162140
Slightly volatile
Book Value Per Share32.445.4245.8393
Slightly volatile
Operating Cash Flow Per Share4.267.066.0516
Slightly volatile
Stock Based Compensation To Revenue0.01060.01160.0136
Very volatile
Capex To Depreciation0.550.581.5225
Slightly volatile
PB Ratio3.062.493.1347
Slightly volatile
EV To Sales7.77.3410.1247
Slightly volatile
Net Income Per Share0.07750.08162.6854
Pretty Stable
Payables Turnover3.593.783.7861
Slightly volatile
Sales General And Administrative To Revenue0.0360.04660.0469
Pretty Stable
Capex To Revenue0.140.150.2953
Slightly volatile
Cash Per Share4.227.176.5718
Pretty Stable
POCF Ratio12.998.5417.2325
Slightly volatile
Interest Coverage1.461.431.889
Pretty Stable
Payout Ratio45.6843.59.1974
Slightly volatile
Capex To Operating Cash Flow0.40.421.0062
Slightly volatile
Days Payables Outstanding69.5499.85105
Slightly volatile
Income Quality13.8613.24.0365
Slightly volatile
ROE0.00290.0030.0836
Slightly volatile
EV To Operating Cash Flow21.9220.2528.8106
Slightly volatile
PE Ratio775738168
Slightly volatile
Return On Tangible Assets6.0E-46.0E-40.0183
Slightly volatile
Earnings Yield0.00130.00140.0274
Pretty Stable
Net Debt To EBITDA5.238.936.8168
Slightly volatile
Current Ratio2.82.953.3769
Slightly volatile
Tangible Book Value Per Share52.145.4287.5746
Very volatile
Receivables Turnover2.212.333.0678
Slightly volatile
Graham Number7.167.5442.1017
Slightly volatile
Shareholders Equity Per Share24.330.9433.9069
Pretty Stable
Debt To Equity2.493.682.5381
Very volatile
Capex Per Share3.113.273.9364
Slightly volatile
Revenue Per Share11.5419.4816.3203
Slightly volatile
Interest Debt Per Share10810380.5134
Slightly volatile
Debt To Assets0.630.760.5998
Pretty Stable
Enterprise Value Over EBITDA13.4115.4416.8297
Slightly volatile
Short Term Coverage Ratios2.72.8412.0901
Slightly volatile
Price Earnings Ratio775738168
Slightly volatile
Operating Cycle170162125
Slightly volatile
Price Book Value Ratio3.062.493.1347
Slightly volatile
Days Of Payables Outstanding69.5499.85105
Slightly volatile
Dividend Payout Ratio45.6843.59.1974
Slightly volatile
Price To Operating Cash Flows Ratio12.998.5417.2325
Slightly volatile
Pretax Profit Margin0.0270.02840.1866
Slightly volatile
Ebt Per Ebit0.090.09470.5706
Slightly volatile
Operating Profit Margin0.230.270.3139
Very volatile
Effective Tax Rate0.320.340.6762
Slightly volatile
Company Equity Multiplier4.225.544.1302
Very volatile
Long Term Debt To Capitalization0.740.860.6916
Slightly volatile
Total Debt To Capitalization0.740.880.7001
Slightly volatile
Return On Capital Employed0.0320.0370.0419
Very volatile
Debt Equity Ratio2.493.682.5381
Very volatile
Ebit Per Revenue0.230.270.3139
Very volatile
Quick Ratio2.82.953.4212
Slightly volatile
Dividend Paid And Capex Coverage Ratio0.620.981.0576
Pretty Stable
Net Income Per E B T0.190.16950.7971
Slightly volatile
Cash Ratio1.141.21.5683
Slightly volatile
Operating Cash Flow Sales Ratio0.290.330.3563
Slightly volatile
Days Of Sales Outstanding170162140
Slightly volatile
Cash Flow Coverage Ratios0.0960.08190.0818
Slightly volatile
Price To Book Ratio3.062.493.1347
Slightly volatile
Fixed Asset Turnover4.554.332.0969
Slightly volatile
Capital Expenditure Coverage Ratio2.362.4833.2834
Pretty Stable
Price Cash Flow Ratio12.998.5417.2325
Slightly volatile
Enterprise Value Multiple13.4115.4416.8297
Slightly volatile
Debt Ratio0.630.760.5998
Pretty Stable
Cash Flow To Debt Ratio0.0960.08190.0818
Slightly volatile
Price Sales Ratio4.553.096.0505
Slightly volatile
Return On Assets6.0E-46.0E-40.0213
Slightly volatile
Asset Turnover0.140.150.1315
Pretty Stable
Net Profit Margin0.00460.00480.1663
Slightly volatile
Gross Profit Margin0.720.70.6449
Pretty Stable
Price Fair Value3.062.493.1347
Slightly volatile
Return On Equity0.00290.0030.0836
Slightly volatile

Boston Properties Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap20.1 B19.2 B20 B
Slightly volatile
Enterprise Value15.7 B29.6 B30.1 B
Very volatile

Boston Fundamental Market Drivers

Forward Price Earnings30.303
Cash And Short Term Investments1.3 B

Boston Upcoming Events

30th of January 2024
Upcoming Quarterly Report
View
23rd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
30th of January 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Boston Properties Financial Statements

Boston Properties shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Boston Properties investors may analyze each financial statement separately, they are all interrelated. The changes in Boston Properties' assets and liabilities, for example, are also reflected in the revenues and expenses on on Boston Properties' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue350.6 M368.1 M
Total Revenue3.9 B2.1 B
Cost Of Revenue1.5 B1.6 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.05  0.04 
Capex To Revenue 0.15  0.14 
Revenue Per Share 19.48  11.54 
Ebit Per Revenue 0.27  0.23 

Pair Trading with Boston Properties

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Boston Properties position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Boston Properties will appreciate offsetting losses from the drop in the long position's value.

Moving together with Boston Stock

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Moving against Boston Stock

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The ability to find closely correlated positions to Boston Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boston Properties when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Boston Properties - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Boston Properties to buy it.
The correlation of Boston Properties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Boston Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boston Properties moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Boston Properties can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Boston Stock Analysis

When running Boston Properties' price analysis, check to measure Boston Properties' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boston Properties is operating at the current time. Most of Boston Properties' value examination focuses on studying past and present price action to predict the probability of Boston Properties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boston Properties' price. Additionally, you may evaluate how the addition of Boston Properties to your portfolios can decrease your overall portfolio volatility.
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