Bxp (BXP) FY2024 results: revenue $3.4 billion, up 4.1% on the year
Bxp, Inc. (BXP) reported revenue of $3.4 billion for fiscal 2024, the year ended 31 December 2024, up 4.1% on the year before. Net income was $14 million, down 92.5%, and diluted earnings per share $0.09. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$3.4 billion
+4.1% on the year
FY2017FY2024
Operating margin
29.9%
31.6% a year earlier
FY2017FY2024
Net income
$14 million
-92.5% on the year
FY2017FY2024
Diluted EPS
$0.09
-92.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,235
1,302
1,282
-5.1%
Capital expenditure
190
171
177
+10.6%
Free cash flow
1,045
1,130
1,105
-7.5%
Free cash flow margin
30.7%
34.5%
35.6%
Cash from investing
-1,237
-1,194
-1,603
Cash from financing
-274
768
556
Depreciation and amortisation
887
831
750
+6.8%
Share-based compensation
43.9
51.5
52.0
-14.6%
Dividends paid
690
688
685
+0.3%
Diluted shares, weighted
158m
157m
157m
+0.4%
Shares outstanding at period end
158m
157m
157m
+0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,413
5,877
6,133
-7.9%
Non-controlling interest
2,525
2,307
2,231
+9.4%
Redeemable equity
9.5
8.4
6.6
+13.7%
Debt
16,220
15,856
14,240
+2.3%
Other liabilities
1,917
1,977
1,597
-3.1%
Total liabilities and equity
26,085
26,026
24,208
+0.2%
Cash and equivalents
1,255
1,531
690
-18.1%
Other assets
24,830
24,495
23,517
+1.4%
Total assets
26,085
26,026
24,208
+0.2%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.