BXP, Inc.

BXPNYSEReal Estate● Active

$64.18

+$1.85(+2.97%)

Market Cap$10.2B

P/E Ratio—

52W High$79.33

52W Low$49.72

Avg Volume1.9M

Open$62.69

Beta1.06

Free Cash Flow Financials Revenue

BXP, Inc. (BXP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BXP · free cash flow · updated Jun 8, 2026

Core FCF metrics

BXP · FCF · TTM · margin & CAGR

Free cash flow was $689.7M for FY2025 (fiscal year ending 2025-12-31), down 12.3% year-over-year The FCF margin was 19.8%. Five-year CAGR stands at -9.8%.

FY2025 Free Cash Flow$689.7M▼ -12.3% YoY

Trailing 12M (TTM)$465.5Mtrailing 4 quarters sum

FCF Margin19.8%$689.7M ÷ revenue

3-Year CAGR-8.0%FY2022 → FY2025

5-Year CAGR-9.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BXP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.25B(555M)$689.7M▼ 12.3%19.8%

FY2024$1.23B(448M)$786.5M▼ 4.0%23.1%

FY2023$1.30B(482M)$819.2M▼ 7.4%25.0%

FY2022$1.28B(398M)$884.3M▼ 21.0%28.4%

FY2021$1.13B(14M)$1.12B▼ 3.0%38.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BXP · P/FCF · FCF yield · FCF per share

BXP, Inc. (BXP) trades at a FCF yield of 4.65% and a price-to-free-cash-flow ratio of 21.9x. FCF per share stands at $2.93, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.65%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.93

TTM FCF ÷ Shares Outstanding

Price / FCF

x21.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x54.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BXP · cash flow statement · operating / investing / financing

For FY2025, BXP, Inc. generated $1.25B in operating cash flow and spent 555M in capital expenditures, yielding $689.7M in free cash flow.

Operating Activities

+$1.25B

Cash from core business operations

2025-12-31

Investing Activities

−$603.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$419.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.25B) − |CapEx| (555M) = FCF ($689.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

BXP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

BXP, Inc.YOU

BXP

$689.7M-12.3%19.8%

14%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

BXP, Inc. (BXP) reported free cash flow of $689.7M for FY2025 (fiscal year ending 2025-12-31), down 12.3% year-over-year. The FCF margin was 19.8%.

Based on available data, BXP, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.15B in FY2020. The 5-year CAGR stands at -9.8%.

BXP, Inc.'s FCF yield is 4.65% and price-to-FCF ratio is 21.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BXP free cash flow · 8 questions

BXP, Inc. free cash flow was $689.7M for FY2025, down 12.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $465.5M.

BXP free cash flowBXP FCFBXP FCF 2025BXP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · BXP, Inc. · BXP, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026