BXP
BXP · Office REITs
$62.10
1.0%Kilroy Realty
KRC · Office REITs
$37.27
3.6%The short version
- BXP is the larger business, with $3.5B of revenue in fiscal 2025 against $1.1B for Kilroy Realty, about 3.1 times as much.
- BXP grew revenue faster (2.2%, against −2.0%).
- Investors pay more for each dollar of BXP’s earnings: a P/E of 33.4x against 20.4x for Kilroy Realty.
| Latest fiscal year | BXP · FY25 | KRC · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.9B | $4.4B |
| Revenue | $3.5B | $1.1B |
| Free cash flow | — | $450M |
| Net income | $277M | $303M |
| Growth | ||
| Revenue growth | 2.2% | −2.0% |
| 5-year growth | 4.7% | 4.4% |
| Share count change | 0.7% | 0.6% |
| Profitability | ||
| Gross margin | 59.1% | — |
| Operating margin | — | — |
| Net margin | 8.0% | 27.2% |
| FCF margin | — | 40.5% |
| Return on capital | — | — |
| Return on equity | 5.2% | 5.6% |
| Balance sheet | ||
| Net debt | — | — |
| Net debt / EBITDA | — | — |
| Dividends and buybacks | $643M | $258M |
| Valuation & quality | ||
| P/E | 33.4x | 20.4x |
| Piotroski F-score | — | — |
FY16
BXP $2.6B
KRC $643M
FY17
BXP $2.6B
KRC $719M
FY18
BXP $2.7B
KRC $747M
FY19
BXP $3.0B
KRC $838M
FY20
BXP $2.8B
KRC $898M
FY21
BXP $2.9B
KRC $955M
FY22
BXP $3.1B
KRC $1.1B
FY23
BXP $3.3B
KRC $1.1B
FY24
BXP $3.4B
KRC $1.1B
FY25
BXP $3.5B
KRC $1.1B
BXP
KRC
FY16
BXP 32.4%
KRC —
FY17
BXP 34.9%
KRC —
FY18
BXP —
KRC —
FY19
BXP —
KRC —
FY20
BXP —
KRC —
FY21
BXP —
KRC —
FY22
BXP —
KRC —
FY23
BXP —
KRC —
FY24
BXP —
KRC —
FY25
BXP —
KRC —
BXP
KRC
FY16
BXP —
KRC $233M
FY17
BXP —
KRC $259M
FY18
BXP —
KRC $244M
FY19
BXP —
KRC $239M
FY20
BXP —
KRC $326M
FY21
BXP —
KRC $396M
FY22
BXP —
KRC $499M
FY23
BXP —
KRC $505M
FY24
BXP —
KRC $441M
FY25
BXP —
KRC $450M
BXP
KRC
FY16
BXP —
KRC —
FY17
BXP —
KRC —
FY18
BXP —
KRC —
FY19
BXP —
KRC —
FY20
BXP —
KRC —
FY21
BXP —
KRC —
FY22
BXP —
KRC —
FY23
BXP —
KRC —
FY24
BXP —
KRC —
FY25
BXP —
KRC —
BXP
KRC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.