BXP vs ESBA vs MSGS Stock Comparison

Bxp, Empire State Realty OP and Madison Square Garden Sports Prices as of Oct 27, 2026 Peers: Industry group
BXP BXP, Inc.
$60.92 -3.9% 1M -18.3% 1Y
Market cap
$9.72B
P/E
32.7x
Revenue (TTM)
$3.52B
Div. yield
4.60%
Office REITs Real Estate
6 wins

Head to Head

10 decided of 12

Bxp leads on 6 of the 12 questions below (Bxp 6, Madison Square Garden Sports 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXPESBAMSGSLeader
Larger companyMarket capitalisation $9.72B $1.31B $9.26B BXP
Cheaper on earningsLower P/E, profitable companies only 32.7x 259.5x 1,197x BXP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.2x — — –
Faster revenue growthRevenue growth, trailing twelve months +1.9% +2.0% +11.0% MSGS
More profitableNet margin, trailing twelve months 8.4% 0.6% 0.7% BXP
Better return on capitalReturn on invested capital — -1.1% — –
Less leveragedLower net debt / EBITDA 7.5x 5.0x 2.9x MSGS
Higher dividend yieldTrailing dividend yield 4.60% 3.28% 0.00% BXP
Better 1-year returnPrice return, last 12 months -18.3% -36.1% +68.6% MSGS
Better 5-year returnAnnualised price return, 5 years -11.8%/yr -13.2%/yr +15.9%/yr MSGS
Less volatileAnnualised volatility, 1 year 28.2% 51.7% 29.7% BXP
Higher overall scoreMean of the five percentile scores vs peers 51/100 33/100 37/100 BXP

Percentile Scorecard

BXPESBAMSGS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBXPESBAMSGS
Valuation 72 #42 of 145 69 #46 of 145 16 #37 of 44
Growth 42 #82 of 141 2 #138 of 141 45 #24 of 43
Profitability 68 #44 of 134 27 #98 of 134 45 #23 of 41
Financial Health 22 #108 of 138 57 #60 of 138 41 #28 of 47
Shareholder Returns 50 #66 of 131 12 #116 of 131 –
Overall 51 33 37
  • BXP ranked among 149 companies in Property REITs
  • ESBA ranked among 149 companies in Property REITs
  • MSGS ranked among 48 companies in Gaming and Leisure

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBXPESBAMSGSSPY
1 month -3.9%+22.0%-4.6% -0.2%
3 months -13.0%-12.9%-3.2% +3.9%
6 months +3.0%-14.1%+14.7% +8.2%
Year to date -9.7%-22.5%+48.6% +12.9%
1 year -18.3%-36.1%+68.6% +12.3%
3 years +16.2%-38.1%+132.7% +87.4%
3 years, per year +5.1%-14.8%+32.5% +23.3%
5 years -46.6%-50.6%+108.8% +67.9%
5 years, per year -11.8%-13.2%+15.9% +10.9%
10 years -49.1%-74.7%+135.9% +261.1%
10 years, per year -6.5%-12.9%+9.0% +13.7%

Risk

MeasureBXPESBAMSGSSPY
Volatility, 1Y 28.2%51.7%29.7% 12.7%
Downside volatility, 1Y 29.8%61.1%23.8% 12.7%
Beta vs S&P 500, 1Y 0.670.420.53 1.00
Return / volatility, 1Y -0.65-0.702.31 0.97
Max drawdown, 5Y -64.5%-66.4%-32.0% -25.4%
From 52-week high -18.3%-37.0%-7.6% -1.2%
52-week high $74.53$7.75$416.24 $779.14
52-week low $51.02$3.85$212.91 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBXPESBAMSGS
P/E now vs peer median 32.7xmedian 26.3x 259.5xmedian 26.3x 1,197xmedian 17.0x
P/S now vs peer median 2.8xmedian 4.0x 1.7xmedian 4.0x 8.0xmedian 1.9x
EV/EBITDA now vs peer median 12.6xmedian 14.4x 12.6xmedian 14.4x 291.8xmedian 10.8x
P/FCF now vs peer median -97.0xmedian 23.3x -3.0xmedian 23.3x 151.1xmedian 11.2x
P/B now vs peer median 1.3xmedian 1.3x 0.7xmedian 1.3x -35.2xmedian 2.4x
PEG now vs peer median -1.39median 1.91 -4.34median 1.91 -26.31median 0.56

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBXPESBAMSGS
Revenue $3.52B $784.18M $1.15B
Gross profit $3.48B – $320.12M
Operating income $957.71M -$34.52M $28.87M
Net income $408.55M $9.26M $7.76M
Free cash flow -$100.19M -$437.31M $61.26M
EPS (diluted) $1.86 $0.02 $0.32
Cash & equivalents $493.95M $85.61M $164.51M
Total debt $14.64B $4.54B $1.10B
Shares (diluted) 159.63M 268.95M 24.25M
Enterprise value $6.93B $871.27M $8.86B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBXPESBAMSGS
P/E 32.7x 259.5x 1,197x
P/FCF -97.0x -3.0x 151.1x
P/Operating cash flow 7.6x 5.8x 147.7x
P/S 2.8x 1.7x 8.0x
P/B 1.3x 0.7x -35.2x
P/Tangible book 1.3x 0.7x -25.2x
EV/EBITDA 12.6x 12.6x 291.8x
EV/EBIT 24.9x -63.2x 323.9x
EV/Revenue 6.8x 2.8x 8.1x
EV/FCF -238.2x -5.0x 152.7x
EV/Operating cash flow 18.6x 9.6x 149.2x
PEG (3Y EPS CAGR) -1.39 -4.34 -26.31

Growth

14 metrics
MetricBXPESBAMSGS
Revenue growth (1Y) 1.9% 2.0% 11.0%
Revenue CAGR (3Y) 3.2% 2.9% 9.1%
Gross profit growth (1Y) 1.9% – 12.7%
Gross profit CAGR (3Y) 3.2% – -1.9%
Operating income growth (1Y) -3.4% -123.1% 94.9%
Operating income CAGR (3Y) -1.5% -31.0% -30.3%
Net income growth (1Y) 432.8% -86.5% 134.6%
Net income CAGR (3Y) -20.7% -51.3% -45.2%
EPS growth (1Y) 5,891% -92.1% 134.3%
EPS CAGR (3Y) -23.6% -59.8% -45.5%
Operating cash flow growth (1Y) 4.2% -13.3% -31.6%
Operating cash flow CAGR (3Y) 0.1% -0.8% -25.7%
Free cash flow growth (1Y) -303.9% -169.4% -30.4%
Free cash flow CAGR (3Y) 27.3% -149.9% -26.0%

Profitability

14 metrics
MetricBXPESBAMSGS
Gross margin 99.0% – 27.7%
EBITDA margin 53.8% 22.1% 2.8%
Operating margin 27.2% -4.4% 2.5%
Pretax margin 10.2% 1.3% 1.6%
Net margin 8.4% 0.6% 0.7%
FCF margin -2.8% -55.8% 5.3%
Operating cash flow margin 36.5% 29.0% 5.4%
Return on equity 5.4% 0.5% –
Return on assets 1.6% 0.2% 0.5%
Return on invested capital – -1.1% –
Return on capital employed – – 3.3%
Asset turnover 0.1x 0.2x 0.8x
Cash conversion (OCF / net income) 3.1x 24.6x 8.1x
Stock comp / revenue 1.4% 3.9% 1.9%

Financial Health

11 metrics
MetricBXPESBAMSGS
Debt / assets 58.2% 22.4% 16.8%
Debt / equity 1.9x 0.5x -1.0x
Net debt / EBITDA 7.5x 5.0x 2.9x
Debt / FCF -146.1x -2.2x 4.2x
Liabilities / assets 69.3% 58.1% 117.1%
Equity / assets 30.7% 41.9% -17.1%
Interest coverage 1.5x -0.3x 1.4x
Current ratio – – 0.5x
Quick ratio – – 0.4x
Cash ratio – – 0.3x
Altman Z-score – – 3.53

Shareholder Returns

7 metrics
MetricBXPESBAMSGS
Dividend yield 4.6% 3.3% –
Net buyback yield 0.0% – –
Shareholder yield 4.6% 3.3% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBXPESBAMSGS
Forward P/E 30.2xFY2026 – –
EPS, next fiscal year $2.02FY2026 – $-1.03FY2027
EPS growth, next FY +16.1%FY2026 – -421.9%FY2027
EPS growth, the year after -9.9% – –
Revenue, next fiscal year $3.35BFY2026 – $1.06BFY2027
Revenue growth, next FY -3.8%FY2026 – -7.9%FY2027
Revenue growth, the year after +14.8% – +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXPESBAMSGS
Held by institutions 100.0% – 81.3%
Institutions holding 548 – 463
Change in shares held, QoQ +5.2% – +10.3%
Institutions buying 295 – 247
Institutions selling 166 – 136
Buyers to sellers 1.78 – 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BXPESBAMSGS
BXP 1.00 0.29 0.18
ESBA 0.29 1.00 -0.01
MSGS 0.18 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BXP, ESBA and MSGS?

Bxp (BXP) is the largest by market capitalisation: Bxp (BXP) $9.72B, Empire State Realty OP (ESBA) $1.31B, Madison Square Garden Sports (MSGS) $9.26B.

Which stock is cheaper, BXP, ESBA and MSGS?

Bxp (BXP) trades on the lowest price-to-earnings ratio (Bxp (BXP) 32.7x, Empire State Realty OP (ESBA) 259.5x, Madison Square Garden Sports (MSGS) 1,197x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Madison Square Garden Sports (MSGS) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, Empire State Realty OP (ESBA) +2.0%, Madison Square Garden Sports (MSGS) +11.0%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Bxp (BXP) 8.4%, Empire State Realty OP (ESBA) 0.6%, Madison Square Garden Sports (MSGS) 0.7%).

Which stock has performed better?

Over the past year Madison Square Garden Sports (MSGS) returned the most: Bxp (BXP) -18.3%, Empire State Realty OP (ESBA) -36.1%, Madison Square Garden Sports (MSGS) +68.6%. Over five years, Madison Square Garden Sports (MSGS) compounded fastest (Bxp (BXP) -11.8%/yr, Empire State Realty OP (ESBA) -13.2%/yr, Madison Square Garden Sports (MSGS) +15.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Bxp (BXP) has the highest dividend yield: Bxp (BXP) 4.60%, Empire State Realty OP (ESBA) 3.28%, Madison Square Garden Sports (MSGS) 0.00%. Madison Square Garden Sports (MSGS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Bxp (BXP) 28.2%, Empire State Realty OP (ESBA) 51.7%, Madison Square Garden Sports (MSGS) 29.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BXP, ESBA and MSGS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bxp (BXP) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.