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AZZ INC（AZZ）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AZZ INC的1.8倍（$702.9M vs $385.1M），Healthpeak Properties净利率更高（51.6% vs 4.1%，领先47.5%），AZZ INC同比增速更快（9.4% vs -6.6%），过去两年Healthpeak Properties的营收复合增速更高（0.5% vs -3.5%）
AZZ公司是全球领先的金属防护解决方案供应商，主营热浸镀锌、表面涂层处理服务及特种电气、工业零部件，主要服务于北美及其他核心国际市场的建筑、能源、基建、制造等下游领域。
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。
AZZ vs DOC — 直观对比
营收规模更大
DOC
是对方的1.8倍
$385.1M
营收增速更快
AZZ
高出16.1%
-6.6%
净利率更高
DOC
高出47.5%
4.1%
两年增速更快
DOC
近两年复合增速
-3.5%
损益表 — Q4 FY2027 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $702.9M |
| 净利润 | $15.9M | $363.0M |
| 毛利率 | 22.7% | — |
| 营业利润率 | 14.8% | 0.7% |
| 净利率 | 4.1% | 51.6% |
| 营收同比 | 9.4% | -6.6% |
| 净利润同比 | 146.3% | 28.3% |
| 每股收益（稀释后） | $0.53 | $0.28 |
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AZZDOC
| Q4 26 | $385.1M | — | ||
| Q1 26 | — | $702.9M | ||
| Q4 25 | $425.7M | $719.4M | ||
| Q3 25 | $417.3M | $705.9M | ||
| Q2 25 | $422.0M | $694.3M | ||
| Q1 25 | $351.9M | $702.9M | ||
| Q4 24 | $403.7M | $698.0M | ||
| Q3 24 | $409.0M | $700.4M |
净利润AZZDOC
| Q4 26 | $15.9M | — | ||
| Q1 26 | — | $363.0M | ||
| Q4 25 | $41.1M | $114.0M | ||
| Q3 25 | $89.3M | $-117.1M | ||
| Q2 25 | $170.9M | $31.7M | ||
| Q1 25 | $20.2M | $42.8M | ||
| Q4 24 | $33.6M | $4.5M | ||
| Q3 24 | $35.4M | $85.9M |
毛利率AZZDOC
| Q4 26 | 22.7% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 23.9% | — | ||
| Q3 25 | 24.3% | 58.6% | ||
| Q2 25 | 24.7% | 60.2% | ||
| Q1 25 | 22.4% | 61.1% | ||
| Q4 24 | 24.2% | 60.3% | ||
| Q3 24 | 25.3% | 60.0% |
营业利润率AZZDOC
| Q4 26 | 14.8% | — | ||
| Q1 26 | — | 0.7% | ||
| Q4 25 | 16.3% | 17.4% | ||
| Q3 25 | 16.4% | 9.2% | ||
| Q2 25 | 16.5% | 5.7% | ||
| Q1 25 | 11.5% | 7.7% | ||
| Q4 24 | 14.5% | -2.2% | ||
| Q3 24 | 16.5% | 14.1% |
净利率AZZDOC
| Q4 26 | 4.1% | — | ||
| Q1 26 | — | 51.6% | ||
| Q4 25 | 9.6% | 73.2% | ||
| Q3 25 | 21.4% | -16.6% | ||
| Q2 25 | 40.5% | 4.6% | ||
| Q1 25 | 5.7% | 6.1% | ||
| Q4 24 | 8.3% | 0.7% | ||
| Q3 24 | 8.7% | 12.3% |
每股收益（稀释后）AZZDOC
| Q4 26 | $0.53 | — | ||
| Q1 26 | — | $0.28 | ||
| Q4 25 | $1.36 | $0.16 | ||
| Q3 25 | $2.95 | $-0.17 | ||
| Q2 25 | $5.66 | $0.05 | ||
| Q1 25 | $0.87 | $0.06 | ||
| Q4 24 | $1.12 | $0.02 | ||
| Q3 24 | $1.18 | $0.12 |
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 | — | $-1.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $7.8B |
| 总资产 | $2.2B | $21.6B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | $-1.2B | ||
| Q4 25 | $623.0K | $467.5M | ||
| Q3 25 | $897.0K | $91.0M | ||
| Q2 25 | $3.0M | $89.4M | ||
| Q1 25 | $1.5M | $70.6M | ||
| Q4 24 | $1.5M | $119.8M | ||
| Q3 24 | $2.2M | $180.4M |
总债务AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $9.8B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $8.7B | ||
| Q3 24 | — | $8.6B |
股东权益AZZDOC
| Q4 26 | $1.3B | — | ||
| Q1 26 | — | $7.8B | ||
| Q4 25 | $1.3B | $7.5B | ||
| Q3 25 | $1.3B | $7.6B | ||
| Q2 25 | $1.2B | $7.9B | ||
| Q1 25 | $1.0B | $8.2B | ||
| Q4 24 | $1.0B | $8.4B | ||
| Q3 24 | $999.8M | $8.6B |
总资产AZZDOC
| Q4 26 | $2.2B | — | ||
| Q1 26 | — | $21.6B | ||
| Q4 25 | $2.2B | $20.3B | ||
| Q3 25 | $2.2B | $19.6B | ||
| Q2 25 | $2.2B | $19.8B | ||
| Q1 25 | $2.2B | $19.8B | ||
| Q4 24 | $2.2B | $19.9B | ||
| Q3 24 | $2.2B | $20.0B |
负债/权益比AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.31× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 1.00× |
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 | $525.4M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 3.4% |
| 现金转化率经营现金流/净利润 | 32.98× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AZZDOC
| Q4 26 | $525.4M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $79.7M | $1.3B | ||
| Q3 25 | $58.4M | $315.0M | ||
| Q2 25 | $314.8M | $363.5M | ||
| Q1 25 | — | $279.4M | ||
| Q4 24 | $66.2M | $1.1B | ||
| Q3 24 | $47.5M | $318.2M |
自由现金流AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $61.2M | $357.0M | ||
| Q3 25 | $39.1M | — | ||
| Q2 25 | $293.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.7M | $333.7M | ||
| Q3 24 | $15.4M | — |
自由现金流率AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 49.6% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 69.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.8% | 47.8% | ||
| Q3 24 | 3.8% | — |
资本支出强度AZZDOC
| Q4 26 | — | — | ||
| Q1 26 | — | 3.4% | ||
| Q4 25 | 4.4% | 124.4% | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 6.6% | 105.6% | ||
| Q3 24 | 7.8% | — |
现金转化率AZZDOC
| Q4 26 | 32.98× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 10.99× | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 1.84× | 11.48× | ||
| Q1 25 | — | 6.52× | ||
| Q4 24 | 1.97× | 235.43× | ||
| Q3 24 | 1.34× | 3.71× |
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
AZZ
| Precoat Metals | $198.6M | 52% |
| Metal Coatings | $186.5M | 48% |
DOC
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
