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Side-by-side financial comparison of Healthpeak Properties (DOC) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.

Healthpeak Properties is the larger business by last-quarter revenue ($719.4M vs $656.6M, roughly 1.1× Champion Homes, Inc.). Healthpeak Properties runs the higher net margin — 73.2% vs 8.3%, a 64.9% gap on every dollar of revenue. On growth, Healthpeak Properties posted the faster year-over-year revenue change (3.1% vs 1.8%). Healthpeak Properties produced more free cash flow last quarter ($357.0M vs $92.9M). Over the past eight quarters, Champion Homes, Inc.'s revenue compounded faster (10.6% CAGR vs 8.9%).

Healthpeak Properties, Inc. is an American real estate investment trust that invests in real estate related to the healthcare industry including senior housing, life science, and medical offices. It was organized in 2007 in Maryland and headquartered in Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties.

Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.

DOC vs SKY — Head-to-Head

Bigger by revenue
DOC
DOC
1.1× larger
DOC
$719.4M
$656.6M
SKY
Growing faster (revenue YoY)
DOC
DOC
+1.3% gap
DOC
3.1%
1.8%
SKY
Higher net margin
DOC
DOC
64.9% more per $
DOC
73.2%
8.3%
SKY
More free cash flow
DOC
DOC
$264.1M more FCF
DOC
$357.0M
$92.9M
SKY
Faster 2-yr revenue CAGR
SKY
SKY
Annualised
SKY
10.6%
8.9%
DOC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DOC
DOC
SKY
SKY
Revenue
$719.4M
$656.6M
Net Profit
$114.0M
$54.3M
Gross Margin
26.2%
Operating Margin
17.4%
9.5%
Net Margin
73.2%
8.3%
Revenue YoY
3.1%
1.8%
Net Profit YoY
2406.4%
-11.7%
EPS (diluted)
$0.16
$0.97

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOC
DOC
SKY
SKY
Q4 25
$719.4M
$656.6M
Q3 25
$705.9M
$684.4M
Q2 25
$694.3M
$701.3M
Q1 25
$702.9M
$593.9M
Q4 24
$698.0M
$644.9M
Q3 24
$700.4M
$616.9M
Q2 24
$695.5M
$627.8M
Q1 24
$606.6M
$536.4M
Net Profit
DOC
DOC
SKY
SKY
Q4 25
$114.0M
$54.3M
Q3 25
$-117.1M
$58.2M
Q2 25
$31.7M
$64.7M
Q1 25
$42.8M
$36.3M
Q4 24
$4.5M
$61.5M
Q3 24
$85.9M
$54.7M
Q2 24
$146.0M
$45.8M
Q1 24
$6.7M
$2.8M
Gross Margin
DOC
DOC
SKY
SKY
Q4 25
26.2%
Q3 25
58.6%
27.5%
Q2 25
60.2%
27.1%
Q1 25
61.1%
25.7%
Q4 24
60.3%
28.1%
Q3 24
60.0%
27.0%
Q2 24
60.6%
26.2%
Q1 24
59.8%
18.3%
Operating Margin
DOC
DOC
SKY
SKY
Q4 25
17.4%
9.5%
Q3 25
9.2%
10.9%
Q2 25
5.7%
11.2%
Q1 25
7.7%
7.1%
Q4 24
-2.2%
11.3%
Q3 24
14.1%
10.8%
Q2 24
22.3%
8.8%
Q1 24
3.7%
1.4%
Net Margin
DOC
DOC
SKY
SKY
Q4 25
73.2%
8.3%
Q3 25
-16.6%
8.5%
Q2 25
4.6%
9.2%
Q1 25
6.1%
6.1%
Q4 24
0.7%
9.5%
Q3 24
12.3%
8.9%
Q2 24
21.0%
7.3%
Q1 24
1.1%
0.5%
EPS (diluted)
DOC
DOC
SKY
SKY
Q4 25
$0.16
$0.97
Q3 25
$-0.17
$1.03
Q2 25
$0.05
$1.13
Q1 25
$0.06
$0.63
Q4 24
$0.02
$1.06
Q3 24
$0.12
$0.94
Q2 24
$0.21
$0.79
Q1 24
$0.01
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOC
DOC
SKY
SKY
Cash + ST InvestmentsLiquidity on hand
$467.5M
$659.8M
Total DebtLower is stronger
$9.8B
Stockholders' EquityBook value
$7.5B
$1.6B
Total Assets
$20.3B
$2.1B
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOC
DOC
SKY
SKY
Q4 25
$467.5M
$659.8M
Q3 25
$91.0M
$618.7M
Q2 25
$89.4M
$605.3M
Q1 25
$70.6M
$610.3M
Q4 24
$119.8M
$581.8M
Q3 24
$180.4M
$570.2M
Q2 24
$106.9M
$548.9M
Q1 24
$101.8M
$495.1M
Total Debt
DOC
DOC
SKY
SKY
Q4 25
$9.8B
Q3 25
$9.1B
Q2 25
$9.0B
Q1 25
$8.9B
Q4 24
$8.7B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.8B
Stockholders' Equity
DOC
DOC
SKY
SKY
Q4 25
$7.5B
$1.6B
Q3 25
$7.6B
$1.6B
Q2 25
$7.9B
$1.6B
Q1 25
$8.2B
$1.5B
Q4 24
$8.4B
$1.5B
Q3 24
$8.6B
$1.5B
Q2 24
$8.8B
$1.5B
Q1 24
$8.9B
$1.4B
Total Assets
DOC
DOC
SKY
SKY
Q4 25
$20.3B
$2.1B
Q3 25
$19.6B
$2.1B
Q2 25
$19.8B
$2.1B
Q1 25
$19.8B
$2.1B
Q4 24
$19.9B
$2.0B
Q3 24
$20.0B
$2.0B
Q2 24
$20.2B
$2.0B
Q1 24
$20.5B
$1.9B
Debt / Equity
DOC
DOC
SKY
SKY
Q4 25
1.31×
Q3 25
1.20×
Q2 25
1.14×
Q1 25
1.08×
Q4 24
1.04×
Q3 24
1.00×
Q2 24
0.98×
Q1 24
0.99×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOC
DOC
SKY
SKY
Operating Cash FlowLast quarter
$1.3B
$100.0M
Free Cash FlowOCF − Capex
$357.0M
$92.9M
FCF MarginFCF / Revenue
49.6%
14.1%
Capex IntensityCapex / Revenue
124.4%
1.1%
Cash ConversionOCF / Net Profit
10.99×
1.84×
TTM Free Cash FlowTrailing 4 quarters
$259.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOC
DOC
SKY
SKY
Q4 25
$1.3B
$100.0M
Q3 25
$315.0M
$75.9M
Q2 25
$363.5M
$75.3M
Q1 25
$279.4M
$46.0M
Q4 24
$1.1B
$50.4M
Q3 24
$318.2M
$59.8M
Q2 24
$316.2M
$84.6M
Q1 24
$152.6M
Free Cash Flow
DOC
DOC
SKY
SKY
Q4 25
$357.0M
$92.9M
Q3 25
$67.0M
Q2 25
$66.4M
Q1 25
$33.4M
Q4 24
$333.7M
$37.3M
Q3 24
$45.7M
Q2 24
$73.9M
Q1 24
FCF Margin
DOC
DOC
SKY
SKY
Q4 25
49.6%
14.1%
Q3 25
9.8%
Q2 25
9.5%
Q1 25
5.6%
Q4 24
47.8%
5.8%
Q3 24
7.4%
Q2 24
11.8%
Q1 24
Capex Intensity
DOC
DOC
SKY
SKY
Q4 25
124.4%
1.1%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
2.1%
Q4 24
105.6%
2.0%
Q3 24
2.3%
Q2 24
1.7%
Q1 24
Cash Conversion
DOC
DOC
SKY
SKY
Q4 25
10.99×
1.84×
Q3 25
1.30×
Q2 25
11.48×
1.16×
Q1 25
6.52×
1.27×
Q4 24
235.43×
0.82×
Q3 24
3.71×
1.09×
Q2 24
2.17×
1.85×
Q1 24
22.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DOC
DOC

Segment breakdown not available.

SKY
SKY

Manufacturing$369.7M56%
Retail$252.7M38%
Canadian Factory Built Housing$25.8M4%
Transportation And Other$8.5M1%

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