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Atmos Energy（ATO）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Atmos Energy的季度营收约是Healthpeak Properties的1.9倍（$1.3B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 30.0%，领先43.2%），Atmos Energy同比增速更快（14.2% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-725.3M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs DOC — 直观对比
营收规模更大
ATO
是对方的1.9倍
$719.4M
营收增速更快
ATO
高出11.1%
3.1%
净利率更高
DOC
高出43.2%
30.0%
自由现金流更多
DOC
多$1.1B
$-725.3M
两年增速更快
DOC
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $719.4M |
| 净利润 | $403.0M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | 17.4% |
| 净利率 | 30.0% | 73.2% |
| 营收同比 | 14.2% | 3.1% |
| 净利润同比 | 14.5% | 2406.4% |
| 每股收益（稀释后） | $2.44 | $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ATODOC
| Q4 25 | $1.3B | $719.4M | ||
| Q3 25 | $737.5M | $705.9M | ||
| Q2 25 | $838.8M | $694.3M | ||
| Q1 25 | $2.0B | $702.9M | ||
| Q4 24 | $1.2B | $698.0M | ||
| Q3 24 | $657.9M | $700.4M | ||
| Q2 24 | $701.5M | $695.5M | ||
| Q1 24 | $1.6B | $606.6M |
净利润ATODOC
| Q4 25 | $403.0M | $114.0M | ||
| Q3 25 | $174.9M | $-117.1M | ||
| Q2 25 | $186.4M | $31.7M | ||
| Q1 25 | $485.6M | $42.8M | ||
| Q4 24 | $351.9M | $4.5M | ||
| Q3 24 | $134.0M | $85.9M | ||
| Q2 24 | $165.6M | $146.0M | ||
| Q1 24 | $432.0M | $6.7M |
毛利率ATODOC
| Q4 25 | — | — | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | — | 60.2% | ||
| Q1 25 | 60.0% | 61.1% | ||
| Q4 24 | 80.1% | 60.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.6% | ||
| Q1 24 | 62.1% | 59.8% |
营业利润率ATODOC
| Q4 25 | 38.3% | 17.4% | ||
| Q3 25 | 29.8% | 9.2% | ||
| Q2 25 | 30.1% | 5.7% | ||
| Q1 25 | 32.2% | 7.7% | ||
| Q4 24 | 39.1% | -2.2% | ||
| Q3 24 | 28.1% | 14.1% | ||
| Q2 24 | 31.4% | 22.3% | ||
| Q1 24 | 33.4% | 3.7% |
净利率ATODOC
| Q4 25 | 30.0% | 73.2% | ||
| Q3 25 | 23.7% | -16.6% | ||
| Q2 25 | 22.2% | 4.6% | ||
| Q1 25 | 24.9% | 6.1% | ||
| Q4 24 | 29.9% | 0.7% | ||
| Q3 24 | 20.4% | 12.3% | ||
| Q2 24 | 23.6% | 21.0% | ||
| Q1 24 | 26.2% | 1.1% |
每股收益（稀释后）ATODOC
| Q4 25 | $2.44 | $0.16 | ||
| Q3 25 | $1.04 | $-0.17 | ||
| Q2 25 | $1.16 | $0.05 | ||
| Q1 25 | $3.03 | $0.06 | ||
| Q4 24 | $2.23 | $0.02 | ||
| Q3 24 | $0.82 | $0.12 | ||
| Q2 24 | $1.08 | $0.21 | ||
| Q1 24 | $2.85 | $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 | $367.0M | $467.5M |
| 总债务越低越好 | $9.6B | $9.8B |
| 股东权益账面价值 | $14.3B | $7.5B |
| 总资产 | $29.8B | $20.3B |
| 负债/权益比越低杠杆越低 | 0.67× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资ATODOC
| Q4 25 | $367.0M | $467.5M | ||
| Q3 25 | $202.7M | $91.0M | ||
| Q2 25 | $709.4M | $89.4M | ||
| Q1 25 | $543.5M | $70.6M | ||
| Q4 24 | $584.5M | $119.8M | ||
| Q3 24 | $307.3M | $180.4M | ||
| Q2 24 | $674.6M | $106.9M | ||
| Q1 24 | $262.5M | $101.8M |
总债务ATODOC
| Q4 25 | $9.6B | $9.8B | ||
| Q3 25 | $8.9B | $9.1B | ||
| Q2 25 | $8.9B | $9.0B | ||
| Q1 25 | $8.4B | $8.9B | ||
| Q4 24 | $8.4B | $8.7B | ||
| Q3 24 | $7.8B | $8.6B | ||
| Q2 24 | $7.8B | $8.6B | ||
| Q1 24 | $7.4B | $8.8B |
股东权益ATODOC
| Q4 25 | $14.3B | $7.5B | ||
| Q3 25 | $13.6B | $7.6B | ||
| Q2 25 | $13.4B | $7.9B | ||
| Q1 25 | $13.1B | $8.2B | ||
| Q4 24 | $12.8B | $8.4B | ||
| Q3 24 | $12.2B | $8.6B | ||
| Q2 24 | $12.2B | $8.8B | ||
| Q1 24 | $11.6B | $8.9B |
总资产ATODOC
| Q4 25 | $29.8B | $20.3B | ||
| Q3 25 | $28.2B | $19.6B | ||
| Q2 25 | $27.7B | $19.8B | ||
| Q1 25 | $27.0B | $19.8B | ||
| Q4 24 | $26.5B | $19.9B | ||
| Q3 24 | $25.2B | $20.0B | ||
| Q2 24 | $24.9B | $20.2B | ||
| Q1 24 | $24.0B | $20.5B |
负债/权益比ATODOC
| Q4 25 | 0.67× | 1.31× | ||
| Q3 25 | 0.66× | 1.20× | ||
| Q2 25 | 0.67× | 1.14× | ||
| Q1 25 | 0.64× | 1.08× | ||
| Q4 24 | 0.66× | 1.04× | ||
| Q3 24 | 0.64× | 1.00× | ||
| Q2 24 | 0.64× | 0.98× | ||
| Q1 24 | 0.64× | 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 | $308.1M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $357.0M |
| 自由现金流率自由现金流/营收 | -54.0% | 49.6% |
| 资本支出强度资本支出/营收 | 77.0% | 124.4% |
| 现金转化率经营现金流/净利润 | 0.76× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | — |
8季度趋势，按日历期对齐
经营现金流ATODOC
| Q4 25 | $308.1M | $1.3B | ||
| Q3 25 | $348.1M | $315.0M | ||
| Q2 25 | $496.4M | $363.5M | ||
| Q1 25 | $922.9M | $279.4M | ||
| Q4 24 | $282.0M | $1.1B | ||
| Q3 24 | $330.7M | $318.2M | ||
| Q2 24 | $411.2M | $316.2M | ||
| Q1 24 | $746.6M | $152.6M |
自由现金流ATODOC
| Q4 25 | $-725.3M | $357.0M | ||
| Q3 25 | $-615.5M | — | ||
| Q2 25 | $-370.6M | — | ||
| Q1 25 | $83.3M | — | ||
| Q4 24 | $-609.2M | $333.7M | ||
| Q3 24 | $-477.3M | — | ||
| Q2 24 | $-302.4M | — | ||
| Q1 24 | $100.7M | — |
自由现金流率ATODOC
| Q4 25 | -54.0% | 49.6% | ||
| Q3 25 | -83.5% | — | ||
| Q2 25 | -44.2% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | -51.8% | 47.8% | ||
| Q3 24 | -72.5% | — | ||
| Q2 24 | -43.1% | — | ||
| Q1 24 | 6.1% | — |
资本支出强度ATODOC
| Q4 25 | 77.0% | 124.4% | ||
| Q3 25 | 130.7% | — | ||
| Q2 25 | 103.4% | — | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | 75.8% | 105.6% | ||
| Q3 24 | 122.8% | — | ||
| Q2 24 | 101.7% | — | ||
| Q1 24 | 39.2% | — |
现金转化率ATODOC
| Q4 25 | 0.76× | 10.99× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.66× | 11.48× | ||
| Q1 25 | 1.90× | 6.52× | ||
| Q4 24 | 0.80× | 235.43× | ||
| Q3 24 | 2.47× | 3.71× | ||
| Q2 24 | 2.48× | 2.17× | ||
| Q1 24 | 1.73× | 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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
DOC
暂无分部数据
