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百通（BDC）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的季度营收约是百通的1.0倍（$719.4M vs $696.4M），Healthpeak Properties净利率更高（73.2% vs 7.3%，领先65.8%），百通同比增速更快（11.4% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-63.1M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.3%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs DOC — 直观对比
营收规模更大
DOC
是对方的1.0倍
$696.4M
营收增速更快
BDC
高出8.4%
3.1%
净利率更高
DOC
高出65.8%
7.3%
自由现金流更多
DOC
多$420.1M
$-63.1M
两年增速更快
DOC
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $719.4M |
| 净利润 | $51.0M | $114.0M |
| 毛利率 | 37.1% | — |
| 营业利润率 | 11.2% | 17.4% |
| 净利率 | 7.3% | 73.2% |
| 营收同比 | 11.4% | 3.1% |
| 净利润同比 | -1.8% | 2406.4% |
| 每股收益（稀释后） | $1.30 | $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BDCDOC
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $719.4M | ||
| Q3 25 | $698.2M | $705.9M | ||
| Q2 25 | $672.0M | $694.3M | ||
| Q1 25 | $624.9M | $702.9M | ||
| Q4 24 | $666.0M | $698.0M | ||
| Q3 24 | $654.9M | $700.4M | ||
| Q2 24 | $604.3M | $695.5M |
净利润BDCDOC
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $114.0M | ||
| Q3 25 | $56.7M | $-117.1M | ||
| Q2 25 | $61.0M | $31.7M | ||
| Q1 25 | $51.9M | $42.8M | ||
| Q4 24 | $58.4M | $4.5M | ||
| Q3 24 | $53.7M | $85.9M | ||
| Q2 24 | $49.0M | $146.0M |
毛利率BDCDOC
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 58.6% | ||
| Q2 25 | 38.5% | 60.2% | ||
| Q1 25 | 39.3% | 61.1% | ||
| Q4 24 | 37.5% | 60.3% | ||
| Q3 24 | 37.3% | 60.0% | ||
| Q2 24 | 37.5% | 60.6% |
营业利润率BDCDOC
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 17.4% | ||
| Q3 25 | 10.9% | 9.2% | ||
| Q2 25 | 11.8% | 5.7% | ||
| Q1 25 | 11.6% | 7.7% | ||
| Q4 24 | 10.4% | -2.2% | ||
| Q3 24 | 11.5% | 14.1% | ||
| Q2 24 | 11.4% | 22.3% |
净利率BDCDOC
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 73.2% | ||
| Q3 25 | 8.1% | -16.6% | ||
| Q2 25 | 9.1% | 4.6% | ||
| Q1 25 | 8.3% | 6.1% | ||
| Q4 24 | 8.8% | 0.7% | ||
| Q3 24 | 8.2% | 12.3% | ||
| Q2 24 | 8.1% | 21.0% |
每股收益（稀释后）BDCDOC
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.16 | ||
| Q3 25 | $1.41 | $-0.17 | ||
| Q2 25 | $1.53 | $0.05 | ||
| Q1 25 | $1.27 | $0.06 | ||
| Q4 24 | $1.41 | $0.02 | ||
| Q3 24 | $1.30 | $0.12 | ||
| Q2 24 | $1.19 | $0.21 |
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 | $272.2M | $467.5M |
| 总债务越低越好 | $1.3B | $9.8B |
| 股东权益账面价值 | $1.3B | $7.5B |
| 总资产 | — | $20.3B |
| 负债/权益比越低杠杆越低 | 0.98× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资BDCDOC
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $467.5M | ||
| Q3 25 | $314.3M | $91.0M | ||
| Q2 25 | $301.5M | $89.4M | ||
| Q1 25 | $259.0M | $70.6M | ||
| Q4 24 | $370.3M | $119.8M | ||
| Q3 24 | $323.0M | $180.4M | ||
| Q2 24 | $564.8M | $106.9M |
总债务BDCDOC
| Q1 26 | $1.3B | — | ||
| 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 |
股东权益BDCDOC
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $7.5B | ||
| Q3 25 | $1.2B | $7.6B | ||
| Q2 25 | $1.2B | $7.9B | ||
| Q1 25 | $1.2B | $8.2B | ||
| Q4 24 | $1.3B | $8.4B | ||
| Q3 24 | $1.2B | $8.6B | ||
| Q2 24 | $1.2B | $8.8B |
总资产BDCDOC
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $20.3B | ||
| Q3 25 | $3.4B | $19.6B | ||
| Q2 25 | $3.4B | $19.8B | ||
| Q1 25 | $3.3B | $19.8B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $3.3B | $20.0B | ||
| Q2 24 | $3.5B | $20.2B |
负债/权益比BDCDOC
| Q1 26 | 0.98× | — | ||
| 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× |
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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-63.1M | $357.0M |
| 自由现金流率自由现金流/营收 | -9.1% | 49.6% |
| 资本支出强度资本支出/营收 | 6.4% | 124.4% |
| 现金转化率经营现金流/净利润 | — | 10.99× |
| 过去12个月自由现金流最近4个季度 | $180.4M | — |
8季度趋势，按日历期对齐
经营现金流BDCDOC
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $1.3B | ||
| Q3 25 | $105.0M | $315.0M | ||
| Q2 25 | $82.0M | $363.5M | ||
| Q1 25 | $7.4M | $279.4M | ||
| Q4 24 | $174.7M | $1.1B | ||
| Q3 24 | $91.7M | $318.2M | ||
| Q2 24 | $83.0M | $316.2M |
自由现金流BDCDOC
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $357.0M | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | $333.7M | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — |
自由现金流率BDCDOC
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 49.6% | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | 47.8% | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — |
资本支出强度BDCDOC
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 124.4% | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | 105.6% | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — |
现金转化率BDCDOC
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 10.99× | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | 11.48× | ||
| Q1 25 | 0.14× | 6.52× | ||
| Q4 24 | 2.99× | 235.43× | ||
| Q3 24 | 1.71× | 3.71× | ||
| Q2 24 | 1.69× | 2.17× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
