BXP
BXP, Inc.
REIT - Office
Market Cap$9.29B
5Y Perf.-31.9%
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Stock Comparison
BXP vs HIW
Revenue, margins, valuation, and 5-year total return — side by side.
HIW
Highwoods Properties, Inc.
REIT - Office
Market Cap$2.77B
5Y Perf.-34.4%
BXP vs HIW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | BXP | HIW |
|---|---|---|
| Industry | REIT - Office | REIT - Office |
| Market Cap | $9.29B | $2.77B |
| Revenue (TTM) | $3.48B | $820M |
| Net Income (TTM) | $277M | $93M |
| Gross Margin | 60.6% | 67.4% |
| Operating Margin | 42.3% | 25.6% |
| Forward P/E | 35.1x | 38.9x |
| Total Debt | $17.36B | $3.64B |
| Cash & Equiv. | $1.48B | $27M |
BXP vs HIW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
BXP
HIW
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BXP, Inc. (BXP) | 100 | 68.1 | -31.9% |
| Highwoods Propertie… (HIW) | 100 | 65.6 | -34.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BXP vs HIW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: HIW leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. BXP, Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
BXP
BXP, Inc.
The Real Estate Income Play
BXP is the clearest fit if your priority is growth exposure.
- Rev growth 2.2%, EPS growth 18.3%, 3Y rev CAGR 3.9%
- 2.2% FFO/revenue growth vs HIW's -2.4%
- Lower P/E (35.1x vs 38.9x)
Best for: growth exposure
HIW
Highwoods Properties, Inc.
The Real Estate Income Play
HIW carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.76, yield 7.8%
- -6.0% 10Y total return vs BXP's -27.7%
- Lower volatility, beta 0.76, current ratio 42.45x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | BXP | 2.2% FFO/revenue growth vs HIW's -2.4% |
| Value | BXP | Lower P/E (35.1x vs 38.9x) |
| Quality / Margins | HIW | 11.4% margin vs BXP's 8.0% |
| Stability / Safety | HIW | Beta 0.76 vs BXP's 0.96, lower leverage |
| Dividends | HIW | 7.8% yield, vs BXP's 6.9% |
| Momentum (1Y) | BXP | -4.8% vs HIW's -7.2% |
| Efficiency (ROA) | HIW | 1.5% ROA vs BXP's 1.1%, ROIC 2.7% vs 6.1% |
BXP vs HIW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
BXP vs HIW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLHIWLAGGINGBXP
BXPBXP, Inc.
1leads
HIWHighwoods Properties,…
5leads
6 Total Categories
CATEGORYLEADERvs BXPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
HIW4/6
Valuation MetricsMultiples, price ratios, and targets
BXP4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
HIW6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
HIW5/6
Risk & VolatilityBeta, volatility, and downside exposure
HIW2/2
Analyst OutlookRatings, price targets, and dividends
HIW1/1
Income & Cash Flow (Last 12 Months)
HIW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXP is the larger business by revenue, generating $3.5B annually — 4.2x HIW's $820M. Profitability is closely matched — net margins range from 11.4% (HIW) to 8.0% (BXP). On growth, HIW holds the edge at +6.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| RevenueTrailing 12 months | $3.5B | $820M |
| EBITDAEarnings before interest/tax | $2.4B | $511M |
| Net IncomeAfter-tax profit | $277M | $93M |
| Free Cash FlowCash after capex | $690M | $318M |
| Gross MarginGross profit ÷ Revenue | +60.6% | +67.4% |
| Operating MarginEBIT ÷ Revenue | +42.3% | +25.6% |
| Net MarginNet income ÷ Revenue | +8.0% | +11.4% |
| FCF MarginFCF ÷ Revenue | +19.8% | +38.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.2% | +6.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.1% | -67.8% |
HIW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
BXP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.3x trailing earnings, HIW trades at a 49% valuation discount to BXP's 33.6x P/E. On an enterprise value basis, BXP's 8.8x EV/EBITDA is more attractive than HIW's 12.6x.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| Market CapShares × price | $9.3B | $2.8B |
| Enterprise ValueMkt cap + debt − cash | $25.2B | $6.4B |
| Trailing P/EPrice ÷ TTM EPS | 33.64x | 17.31x |
| Forward P/EPrice ÷ next-FY EPS est. | 35.10x | 38.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 8.84x | 12.64x |
| Price / SalesMarket cap ÷ Revenue | 2.67x | 3.43x |
| Price / BookPrice ÷ Book value/share | 1.21x | 1.14x |
| Price / FCFMarket cap ÷ FCF | 13.47x | 16.62x |
BXP leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
HIW leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
HIW delivers a 3.8% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $4 for BXP. HIW carries lower financial leverage with a 1.49x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXP's 2.26x.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| ROE (TTM)Return on equity | +3.6% | +3.8% |
| ROA (TTM)Return on assets | +1.1% | +1.5% |
| ROICReturn on invested capital | +6.1% | +2.7% |
| ROCEReturn on capital employed | +7.8% | +3.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 2.26x | 1.49x |
| Net DebtTotal debt minus cash | $15.9B | $3.6B |
| Cash & Equiv.Liquid assets | $1.5B | $27M |
| Total DebtShort + long-term debt | $17.4B | $3.6B |
| Interest CoverageEBIT ÷ Interest expense | 1.59x | 2.07x |
HIW leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
HIW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HIW five years ago would be worth $8,031 today (with dividends reinvested), compared to $7,278 for BXP. Over the past 12 months, BXP leads with a -4.8% total return vs HIW's -7.2%. The 3-year compound annual growth rate (CAGR) favors HIW at 11.8% vs BXP's 10.2% — a key indicator of consistent wealth creation.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| YTD ReturnYear-to-date | -12.7% | -1.1% |
| 1-Year ReturnPast 12 months | -4.8% | -7.2% |
| 3-Year ReturnCumulative with dividends | +33.7% | +39.8% |
| 5-Year ReturnCumulative with dividends | -27.2% | -19.7% |
| 10-Year ReturnCumulative with dividends | -27.7% | -6.0% |
| CAGR (3Y)Annualised 3-year return | +10.2% | +11.8% |
HIW leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
HIW leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HIW is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than BXP's 0.96 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.96x | 0.76x |
| 52-Week HighHighest price in past year | $79.33 | $32.76 |
| 52-Week LowLowest price in past year | $49.72 | $20.45 |
| % of 52W HighCurrent price vs 52-week peak | +73.8% | +76.6% |
| RSI (14)Momentum oscillator 0–100 | 59.3 | 61.1 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 1.3M |
HIW leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
HIW leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BXP as "Buy" and HIW as "Hold". Consensus price targets imply 23.2% upside for BXP (target: $72) vs 7.6% for HIW (target: $27). For income investors, HIW offers the higher dividend yield at 7.81% vs BXP's 6.92%.
| Metric | BXPBXP, Inc. | HIWHighwoods Propert… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $72.10 | $27.00 |
| # AnalystsCovering analysts | 42 | 22 |
| Dividend YieldAnnual dividend ÷ price | +6.9% | +7.8% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $4.05 | $1.96 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
HIW leads this category, winning 1 of 1 comparable metric.
Key Takeaway
HIW leads in 5 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BXP leads in 1 (Valuation Metrics).
Best OverallHighwoods Properties, Inc. (HIW)Leads 5 of 6 categories
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BXP vs HIW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BXP or HIW a better buy right now?
For growth investors, BXP, Inc.
(BXP) is the stronger pick with 2. 2% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Highwoods Properties, Inc. (HIW) offers the better valuation at 17. 3x trailing P/E (38. 9x forward), making it the more compelling value choice. Analysts rate BXP, Inc. (BXP) a "Buy" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BXP or HIW?
On trailing P/E, Highwoods Properties, Inc.
(HIW) is the cheapest at 17. 3x versus BXP, Inc. at 33. 6x. On forward P/E, BXP, Inc. is actually cheaper at 35. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — BXP or HIW?
Over the past 5 years, Highwoods Properties, Inc.
(HIW) delivered a total return of -19. 7%, compared to -27. 2% for BXP, Inc. (BXP). Over 10 years, the gap is even starker: HIW returned -6. 0% versus BXP's -27. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BXP or HIW?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus BXP, Inc. 's 0. 96β — meaning BXP is approximately 27% more volatile than HIW relative to the S&P 500. On balance sheet safety, Highwoods Properties, Inc. (HIW) carries a lower debt/equity ratio of 149% versus 2% for BXP, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BXP or HIW?
By revenue growth (latest reported year), BXP, Inc.
(BXP) is pulling ahead at 2. 2% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: BXP, Inc. grew EPS 1833% year-over-year, compared to 54. 3% for Highwoods Properties, Inc.. Over a 3-year CAGR, BXP leads at 3. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BXP or HIW?
Highwoods Properties, Inc.
(HIW) is the more profitable company, earning 19. 8% net margin versus 7. 9% for BXP, Inc. — meaning it keeps 19. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXP leads at 55. 7% versus 26. 0% for HIW. At the gross margin level — before operating expenses — HIW leads at 67. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BXP or HIW more undervalued right now?
On forward earnings alone, BXP, Inc.
(BXP) trades at 35. 1x forward P/E versus 38. 9x for Highwoods Properties, Inc. — 3. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BXP: 23. 2% to $72. 10.
08Which pays a better dividend — BXP or HIW?
All stocks in this comparison pay dividends.
Highwoods Properties, Inc. (HIW) offers the highest yield at 7. 8%, versus 6. 9% for BXP, Inc. (BXP).
09Is BXP or HIW better for a retirement portfolio?
For long-horizon retirement investors, Highwoods Properties, Inc.
(HIW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 7. 8% yield). Both have compounded well over 10 years (HIW: -6. 0%, BXP: -27. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BXP and HIW?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BXP is a small-cap income-oriented stock; HIW is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(BXP: 2.2% · HIW: 6.8%)Net Margin>
%
(BXP: 8.0% · HIW: 11.4%)P/E Ratio<
x
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