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亚朵集团（ATAT）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
亚朵集团的季度营收约是Healthpeak Properties的1.1倍（$789.6M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 17.6%，领先55.6%），亚朵集团同比增速更快（252.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $210.7M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
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。
ATAT vs DOC — 直观对比
营收规模更大
ATAT
是对方的1.1倍
$719.4M
营收增速更快
ATAT
高出249.5%
3.1%
净利率更高
DOC
高出55.6%
17.6%
自由现金流更多
DOC
多$146.4M
$210.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $719.4M |
| 净利润 | $139.1M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | 17.4% |
| 净利率 | 17.6% | 73.2% |
| 营收同比 | 252.5% | 3.1% |
| 净利润同比 | 322.2% | 2406.4% |
| 每股收益（稀释后） | $0.33 | $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ATATDOC
| Q4 25 | — | $719.4M | ||
| Q3 25 | $789.6M | $705.9M | ||
| Q2 25 | — | $694.3M | ||
| Q1 25 | — | $702.9M | ||
| Q4 24 | — | $698.0M | ||
| Q3 24 | $224.0M | $700.4M | ||
| Q2 24 | — | $695.5M | ||
| Q1 24 | $203.4M | $606.6M |
净利润ATATDOC
| Q4 25 | — | $114.0M | ||
| Q3 25 | $139.1M | $-117.1M | ||
| Q2 25 | — | $31.7M | ||
| Q1 25 | — | $42.8M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $33.0M | $85.9M | ||
| Q2 24 | — | $146.0M | ||
| Q1 24 | $35.6M | $6.7M |
毛利率ATATDOC
| Q4 25 | — | — | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | — | 60.2% | ||
| Q1 25 | — | 61.1% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.6% | ||
| Q1 24 | — | 59.8% |
营业利润率ATATDOC
| Q4 25 | — | 17.4% | ||
| Q3 25 | 22.5% | 9.2% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | 14.7% | 14.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | 22.1% | 3.7% |
净利率ATATDOC
| Q4 25 | — | 73.2% | ||
| Q3 25 | 17.6% | -16.6% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 14.7% | 12.3% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | 17.5% | 1.1% |
每股收益（稀释后）ATATDOC
| Q4 25 | — | $0.16 | ||
| Q3 25 | $0.33 | $-0.17 | ||
| Q2 25 | — | $0.05 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.02 | ||
| Q3 24 | $0.08 | $0.12 | ||
| Q2 24 | — | $0.21 | ||
| Q1 24 | $0.09 | $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 | $669.2M | $467.5M |
| 总债务越低越好 | — | $9.8B |
| 股东权益账面价值 | $405.0M | $7.5B |
| 总资产 | $1.1B | $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ATATDOC
| Q4 25 | — | $467.5M | ||
| Q3 25 | $669.2M | $91.0M | ||
| Q2 25 | — | $89.4M | ||
| Q1 25 | — | $70.6M | ||
| Q4 24 | — | $119.8M | ||
| Q3 24 | $506.0M | $180.4M | ||
| Q2 24 | — | $106.9M | ||
| Q1 24 | $520.7M | $101.8M |
总债务ATATDOC
| 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 | $277.0K | $8.8B |
股东权益ATATDOC
| Q4 25 | — | $7.5B | ||
| Q3 25 | $405.0M | $7.6B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | $291.3M | $8.6B | ||
| Q2 24 | — | $8.8B | ||
| Q1 24 | $323.5M | $8.9B |
总资产ATATDOC
| Q4 25 | — | $20.3B | ||
| Q3 25 | $1.1B | $19.6B | ||
| Q2 25 | — | $19.8B | ||
| Q1 25 | — | $19.8B | ||
| Q4 24 | — | $19.9B | ||
| Q3 24 | $927.8M | $20.0B | ||
| Q2 24 | — | $20.2B | ||
| Q1 24 | $936.3M | $20.5B |
负债/权益比ATATDOC
| 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 | 0.00× | 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 | $216.6M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $357.0M |
| 自由现金流率自由现金流/营收 | 26.7% | 49.6% |
| 资本支出强度资本支出/营收 | 0.8% | 124.4% |
| 现金转化率经营现金流/净利润 | 1.56× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $359.6M | — |
8季度趋势，按日历期对齐
经营现金流ATATDOC
| Q4 25 | — | $1.3B | ||
| Q3 25 | $216.6M | $315.0M | ||
| Q2 25 | — | $363.5M | ||
| Q1 25 | — | $279.4M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $84.8M | $318.2M | ||
| Q2 24 | — | $316.2M | ||
| Q1 24 | $19.8M | $152.6M |
自由现金流ATATDOC
| Q4 25 | — | $357.0M | ||
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $333.7M | ||
| Q3 24 | $83.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $18.1M | — |
自由现金流率ATATDOC
| Q4 25 | — | 49.6% | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.8% | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 8.9% | — |
资本支出强度ATATDOC
| Q4 25 | — | 124.4% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 105.6% | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.9% | — |
现金转化率ATATDOC
| Q4 25 | — | 10.99× | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | 11.48× | ||
| Q1 25 | — | 6.52× | ||
| Q4 24 | — | 235.43× | ||
| Q3 24 | 2.57× | 3.71× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | 0.56× | 22.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
