BXP vs VNO Stock Comparison

Bxp and Vornado Realty Trust Prices as of Oct 23, 2026 Peers: Industry group
BXP BXP, Inc.
$62.11 -0.4% 1M -15.8% 1Y
Market cap
$9.91B
P/E
33.4x
Revenue (TTM)
$3.52B
Div. yield
–
Office REITs Real Estate
6 wins
VNO Vornado Realty Trust
$34.80 +1.9% 1M -11.5% 1Y
Market cap
$6.52B
P/E
1,127x
Revenue (TTM)
$1.83B
Div. yield
–
Office REITs Real Estate
3 wins

Head to Head

9 decided of 12

Bxp leads on 6 of the 12 questions below (Bxp 6, Vornado Realty Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBXPVNOLeader
Larger companyMarket capitalisation $9.91B $6.52B BXP
Cheaper on earningsLower P/E, profitable companies only 33.4x 1,127x BXP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 30.7x — –
Faster revenue growthRevenue growth, trailing twelve months +1.9% +1.4% BXP
More profitableNet margin, trailing twelve months 8.4% 0.3% BXP
Better return on capitalReturn on invested capital — 2.3% –
Less leveragedLower net debt / EBITDA 7.5x 7.1x VNO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.8% -11.5% VNO
Better 5-year returnAnnualised price return, 5 years -12.0%/yr -5.0%/yr VNO
Less volatileAnnualised volatility, 1 year 28.1% 32.7% BXP
Higher overall scoreMean of the five percentile scores vs peers 50/100 29/100 BXP

Percentile Scorecard

BXPVNO

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

AxisBXPVNO
Valuation 71 #43 of 145 24 #111 of 145
Growth 46 #79 of 144 12 #127 of 144
Profitability 66 #49 of 140 39 #86 of 140
Financial Health 20 #117 of 146 33 #98 of 146
Shareholder Returns 47 #70 of 132 37 #84 of 132
Overall 50 29
  • BXP ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodBXPVNOSPY
1 month -0.4%+1.9% -1.0%
3 months -10.1%-12.4% +2.9%
6 months +7.6%+18.8% +6.4%
Year to date -8.0%+4.6% +11.4%
1 year -15.8%-11.5% +13.1%
3 years +15.4%+71.7% +79.4%
3 years, per year +4.9%+19.8% +21.5%
5 years -47.3%-22.5% +67.7%
5 years, per year -12.0%-5.0% +10.9%
10 years -50.7%-54.7% +255.2%
10 years, per year -6.8%-7.6% +13.5%

Risk

MeasureBXPVNOSPY
Volatility, 1Y 28.1%32.7% 12.7%
Downside volatility, 1Y 29.8%33.6% 12.7%
Beta vs S&P 500, 1Y 0.670.99 1.00
Return / volatility, 1Y -0.56-0.35 1.03
Max drawdown, 5Y -64.5%-73.6% -25.4%
From 52-week high -16.7%-14.9% -2.5%
52-week high $74.53$40.91 $779.14
52-week low $51.02$24.71 $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.

MultipleBXPVNO
P/E now vs peer median 33.3xmedian 27.0x 1,127xmedian 27.0x
P/S now vs peer median 2.8xmedian 4.1x 3.6xmedian 4.1x
EV/EBITDA now vs peer median 12.7xmedian 14.5x 13.9xmedian 14.5x
P/FCF now vs peer median -98.9xmedian 23.7x -15.6xmedian 23.7x
P/B now vs peer median 1.3xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median -1.41median 2.07 42.90median 2.07

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 monthsBXPVNO
Revenue $3.52B $1.83B
Gross profit $3.48B –
Operating income $957.71M –
Net income $408.55M $49.20M
Free cash flow -$100.19M -$416.33M
EPS (diluted) $1.86 $0.03
Cash & equivalents $493.95M $675.35M
Total debt $14.64B $29.53B
Shares (diluted) 159.63M 194.20M
Enterprise value $6.56B $2.91B

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
MetricBXPVNO
P/E 33.3x 1,127x
P/FCF -98.9x -15.6x
P/Operating cash flow 7.7x 16.6x
P/S 2.8x 3.6x
P/B 1.3x 1.1x
P/Tangible book 1.3x 1.1x
EV/EBITDA 12.7x 13.9x
EV/EBIT 25.1x 33.0x
EV/Revenue 6.8x 7.3x
EV/FCF -240.1x -31.9x
EV/Operating cash flow 18.7x 33.9x
PEG (3Y EPS CAGR) -1.41 42.90

Growth

14 metrics
MetricBXPVNO
Revenue growth (1Y) 1.9% 1.4%
Revenue CAGR (3Y) 3.2% 0.1%
Gross profit growth (1Y) 1.9% –
Gross profit CAGR (3Y) 3.2% –
Operating income growth (1Y) -3.4% –
Operating income CAGR (3Y) -1.5% –
Net income growth (1Y) 432.8% -94.6%
Net income CAGR (3Y) -20.7% 28.4%
EPS growth (1Y) 5,891% -99.3%
EPS CAGR (3Y) -23.6% 26.3%
Operating cash flow growth (1Y) 4.2% -71.9%
Operating cash flow CAGR (3Y) 0.1% -19.3%
Free cash flow growth (1Y) -303.9% -145.3%
Free cash flow CAGR (3Y) 27.3% -66.0%

Profitability

14 metrics
MetricBXPVNO
Gross margin 99.0% –
EBITDA margin 53.8% 52.0%
Operating margin 27.2% –
Pretax margin 10.2% 2.9%
Net margin 8.4% 0.3%
FCF margin -2.8% -22.8%
Operating cash flow margin 36.5% 21.4%
Return on equity 5.4% 0.7%
Return on assets 1.6% 0.3%
Return on invested capital – 2.3%
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 3.1x 7.9x
Stock comp / revenue 1.4% 1.4%

Financial Health

11 metrics
MetricBXPVNO
Debt / assets 58.2% 47.7%
Debt / equity 1.9x 1.2x
Net debt / EBITDA 7.5x 7.1x
Debt / FCF -146.1x -17.9x
Liabilities / assets 69.3% 61.8%
Equity / assets 30.7% 38.2%
Interest coverage 1.5x 1.2x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricBXPVNO
Dividend yield 4.5% 2.1%
Net buyback yield 0.0% 2.1%
Shareholder yield 4.5% 4.2%
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.

ConsensusBXPVNO
Forward P/E 30.7xFY2026 –
EPS, next fiscal year $2.02FY2026 $-0.40FY2026
EPS growth, next FY +16.1%FY2026 -109.5%FY2026
EPS growth, the year after -9.4% –
Revenue, next fiscal year $3.33BFY2026 $1.78BFY2026
Revenue growth, next FY -4.4%FY2026 -1.9%FY2026
Revenue growth, the year after +14.8% +24.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBXPVNO
Held by institutions 100.0% 99.2%
Institutions holding 548 433
Change in shares held, QoQ +5.2% +14.6%
Institutions buying 295 233
Institutions selling 166 126
Buyers to sellers 1.78 1.85

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.

BXPVNO
BXP 1.00 0.82
VNO 0.82 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BXP and VNO?

Bxp (BXP) is the largest by market capitalisation: Bxp (BXP) $9.91B, Vornado Realty Trust (VNO) $6.52B.

Which stock is cheaper, BXP and VNO?

Bxp (BXP) trades on the lowest price-to-earnings ratio (Bxp (BXP) 33.4x, Vornado Realty Trust (VNO) 1,127x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Bxp (BXP) grew revenue fastest over the trailing twelve months: Bxp (BXP) +1.9%, Vornado Realty Trust (VNO) +1.4%.

Which company is more profitable?

Bxp (BXP) has the highest net margin (Bxp (BXP) 8.4%, Vornado Realty Trust (VNO) 0.3%).

Which stock has performed better?

Over the past year Vornado Realty Trust (VNO) returned the most: Bxp (BXP) -15.8%, Vornado Realty Trust (VNO) -11.5%. Over five years, Vornado Realty Trust (VNO) compounded fastest (Bxp (BXP) -12.0%/yr, Vornado Realty Trust (VNO) -5.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bxp (BXP) has been the steadiest (Bxp (BXP) 28.1%, Vornado Realty Trust (VNO) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Do BXP and VNO move together?

Their daily returns over the past year have a correlation of 0.82, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, BXP and VNO?

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.