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Arhaus, Inc.（ARHS）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是Arhaus, Inc.的2.0倍（$719.4M vs $364.8M），Healthpeak Properties净利率更高（73.2% vs 4.1%，领先69.0%），Arhaus, Inc.同比增速更快（5.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-8.8M），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs 8.9%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
ARHS vs DOC — 直观对比
营收规模更大
DOC
是对方的2.0倍
$364.8M
营收增速更快
ARHS
高出2.1%
3.1%
净利率更高
DOC
高出69.0%
4.1%
自由现金流更多
DOC
多$365.8M
$-8.8M
两年增速更快
ARHS
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $719.4M |
| 净利润 | $15.1M | $114.0M |
| 毛利率 | 38.1% | — |
| 营业利润率 | 5.6% | 17.4% |
| 净利率 | 4.1% | 73.2% |
| 营收同比 | 5.1% | 3.1% |
| 净利润同比 | -29.1% | 2406.4% |
| 每股收益（稀释后） | $0.11 | $0.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARHSDOC
| Q4 25 | $364.8M | $719.4M | ||
| Q3 25 | $344.6M | $705.9M | ||
| Q2 25 | $358.4M | $694.3M | ||
| Q1 25 | $311.4M | $702.9M | ||
| Q4 24 | $347.0M | $698.0M | ||
| Q3 24 | $319.1M | $700.4M | ||
| Q2 24 | $309.8M | $695.5M | ||
| Q1 24 | $295.2M | $606.6M |
净利润ARHSDOC
| Q4 25 | $15.1M | $114.0M | ||
| Q3 25 | $12.2M | $-117.1M | ||
| Q2 25 | $35.1M | $31.7M | ||
| Q1 25 | $4.9M | $42.8M | ||
| Q4 24 | $21.3M | $4.5M | ||
| Q3 24 | $9.9M | $85.9M | ||
| Q2 24 | $22.2M | $146.0M | ||
| Q1 24 | $15.1M | $6.7M |
毛利率ARHSDOC
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | 58.6% | ||
| Q2 25 | 41.4% | 60.2% | ||
| Q1 25 | 37.1% | 61.1% | ||
| Q4 24 | 40.0% | 60.3% | ||
| Q3 24 | 38.6% | 60.0% | ||
| Q2 24 | 40.1% | 60.6% | ||
| Q1 24 | 39.0% | 59.8% |
营业利润率ARHSDOC
| Q4 25 | 5.6% | 17.4% | ||
| Q3 25 | 4.8% | 9.2% | ||
| Q2 25 | 13.0% | 5.7% | ||
| Q1 25 | 1.7% | 7.7% | ||
| Q4 24 | 8.2% | -2.2% | ||
| Q3 24 | 3.3% | 14.1% | ||
| Q2 24 | 9.5% | 22.3% | ||
| Q1 24 | 6.2% | 3.7% |
净利率ARHSDOC
| Q4 25 | 4.1% | 73.2% | ||
| Q3 25 | 3.5% | -16.6% | ||
| Q2 25 | 9.8% | 4.6% | ||
| Q1 25 | 1.6% | 6.1% | ||
| Q4 24 | 6.1% | 0.7% | ||
| Q3 24 | 3.1% | 12.3% | ||
| Q2 24 | 7.2% | 21.0% | ||
| Q1 24 | 5.1% | 1.1% |
每股收益（稀释后）ARHSDOC
| Q4 25 | $0.11 | $0.16 | ||
| Q3 25 | $0.09 | $-0.17 | ||
| Q2 25 | $0.25 | $0.05 | ||
| Q1 25 | $0.03 | $0.06 | ||
| Q4 24 | $0.15 | $0.02 | ||
| Q3 24 | $0.07 | $0.12 | ||
| Q2 24 | $0.16 | $0.21 | ||
| Q1 24 | $0.11 | $0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $253.4M | $467.5M |
| 总债务越低越好 | — | $9.8B |
| 股东权益账面价值 | $418.2M | $7.5B |
| 总资产 | $1.4B | $20.3B |
| 负债/权益比越低杠杆越低 | — | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资ARHSDOC
| Q4 25 | $253.4M | $467.5M | ||
| Q3 25 | $262.2M | $91.0M | ||
| Q2 25 | $234.8M | $89.4M | ||
| Q1 25 | $214.4M | $70.6M | ||
| Q4 24 | $197.5M | $119.8M | ||
| Q3 24 | $177.7M | $180.4M | ||
| Q2 24 | $174.2M | $106.9M | ||
| Q1 24 | $233.2M | $101.8M |
总债务ARHSDOC
| 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 |
股东权益ARHSDOC
| Q4 25 | $418.2M | $7.5B | ||
| Q3 25 | $400.4M | $7.6B | ||
| Q2 25 | $385.6M | $7.9B | ||
| Q1 25 | $348.8M | $8.2B | ||
| Q4 24 | $343.7M | $8.4B | ||
| Q3 24 | $320.6M | $8.6B | ||
| Q2 24 | $309.3M | $8.8B | ||
| Q1 24 | $285.6M | $8.9B |
总资产ARHSDOC
| Q4 25 | $1.4B | $20.3B | ||
| Q3 25 | $1.4B | $19.6B | ||
| Q2 25 | $1.3B | $19.8B | ||
| Q1 25 | $1.3B | $19.8B | ||
| Q4 24 | $1.2B | $19.9B | ||
| Q3 24 | $1.2B | $20.0B | ||
| Q2 24 | $1.2B | $20.2B | ||
| Q1 24 | $1.2B | $20.5B |
负债/权益比ARHSDOC
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.3M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $357.0M |
| 自由现金流率自由现金流/营收 | -2.4% | 49.6% |
| 资本支出强度资本支出/营收 | 5.0% | 124.4% |
| 现金转化率经营现金流/净利润 | 0.62× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $59.0M | — |
8季度趋势，按日历期对齐
经营现金流ARHSDOC
| Q4 25 | $9.3M | $1.3B | ||
| Q3 25 | $46.1M | $315.0M | ||
| Q2 25 | $34.9M | $363.5M | ||
| Q1 25 | $46.5M | $279.4M | ||
| Q4 24 | $31.7M | $1.1B | ||
| Q3 24 | $31.1M | $318.2M | ||
| Q2 24 | $47.5M | $316.2M | ||
| Q1 24 | $36.8M | $152.6M |
自由现金流ARHSDOC
| Q4 25 | $-8.8M | $357.0M | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | $333.7M | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $10.9M | — |
自由现金流率ARHSDOC
| Q4 25 | -2.4% | 49.6% | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | 47.8% | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.7% | — |
资本支出强度ARHSDOC
| Q4 25 | 5.0% | 124.4% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | 105.6% | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.8% | — |
现金转化率ARHSDOC
| Q4 25 | 0.62× | 10.99× | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | 11.48× | ||
| Q1 25 | 9.53× | 6.52× | ||
| Q4 24 | 1.49× | 235.43× | ||
| Q3 24 | 3.14× | 3.71× | ||
| Q2 24 | 2.14× | 2.17× | ||
| Q1 24 | 2.44× | 22.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
DOC
暂无分部数据
