vs
BGC Group, Inc.（BGC）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BGC Group, Inc.的1.1倍（$719.4M vs $638.6M），Healthpeak Properties净利率更高（73.2% vs 2.3%，领先70.9%），BGC Group, Inc.同比增速更快（34.4% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $175.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 8.9%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs DOC — 直观对比
营收规模更大
DOC
是对方的1.1倍
$638.6M
营收增速更快
BGC
高出31.3%
3.1%
净利率更高
DOC
高出70.9%
2.3%
自由现金流更多
DOC
多$181.9M
$175.1M
两年增速更快
BGC
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $719.4M |
| 净利润 | $14.4M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 17.4% |
| 净利率 | 2.3% | 73.2% |
| 营收同比 | 34.4% | 3.1% |
| 净利润同比 | -43.0% | 2406.4% |
| 每股收益（稀释后） | $0.03 | $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BGCDOC
| Q4 25 | $638.6M | $719.4M | ||
| Q3 25 | $620.8M | $705.9M | ||
| Q2 25 | $648.0M | $694.3M | ||
| Q1 25 | $534.6M | $702.9M | ||
| Q4 24 | $475.2M | $698.0M | ||
| Q3 24 | $448.9M | $700.4M | ||
| Q2 24 | $435.0M | $695.5M | ||
| Q1 24 | $453.6M | $606.6M |
净利润BGCDOC
| Q4 25 | $14.4M | $114.0M | ||
| Q3 25 | $27.9M | $-117.1M | ||
| Q2 25 | $57.5M | $31.7M | ||
| Q1 25 | $55.2M | $42.8M | ||
| Q4 24 | $25.2M | $4.5M | ||
| Q3 24 | $14.7M | $85.9M | ||
| Q2 24 | $37.8M | $146.0M | ||
| Q1 24 | $49.2M | $6.7M |
毛利率BGCDOC
| 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BGCDOC
| Q4 25 | 3.9% | 17.4% | ||
| Q3 25 | 5.4% | 9.2% | ||
| Q2 25 | 11.6% | 5.7% | ||
| Q1 25 | 15.0% | 7.7% | ||
| Q4 24 | 5.7% | -2.2% | ||
| Q3 24 | 4.4% | 14.1% | ||
| Q2 24 | 12.7% | 22.3% | ||
| Q1 24 | 15.7% | 3.7% |
净利率BGCDOC
| Q4 25 | 2.3% | 73.2% | ||
| Q3 25 | 4.5% | -16.6% | ||
| Q2 25 | 8.9% | 4.6% | ||
| Q1 25 | 10.3% | 6.1% | ||
| Q4 24 | 5.3% | 0.7% | ||
| Q3 24 | 3.3% | 12.3% | ||
| Q2 24 | 8.7% | 21.0% | ||
| Q1 24 | 10.8% | 1.1% |
每股收益（稀释后）BGCDOC
| Q4 25 | $0.03 | $0.16 | ||
| Q3 25 | $0.06 | $-0.17 | ||
| Q2 25 | $0.11 | $0.05 | ||
| Q1 25 | $0.11 | $0.06 | ||
| Q4 24 | $0.04 | $0.02 | ||
| Q3 24 | $0.03 | $0.12 | ||
| Q2 24 | $0.08 | $0.21 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $467.5M |
| 总债务越低越好 | $1.5B | $9.8B |
| 股东权益账面价值 | $972.5M | $7.5B |
| 总资产 | $4.4B | $20.3B |
| 负债/权益比越低杠杆越低 | 1.58× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资BGCDOC
| Q4 25 | $851.5M | $467.5M | ||
| Q3 25 | $774.9M | $91.0M | ||
| Q2 25 | $827.8M | $89.4M | ||
| Q1 25 | $966.4M | $70.6M | ||
| Q4 24 | $711.6M | $119.8M | ||
| Q3 24 | $563.5M | $180.4M | ||
| Q2 24 | $571.7M | $106.9M | ||
| Q1 24 | $566.8M | $101.8M |
总债务BGCDOC
| Q4 25 | $1.5B | $9.8B | ||
| Q3 25 | $1.8B | $9.1B | ||
| Q2 25 | $1.8B | $9.0B | ||
| Q1 25 | $1.1B | $8.9B | ||
| Q4 24 | $1.1B | $8.7B | ||
| Q3 24 | $1.4B | $8.6B | ||
| Q2 24 | $1.4B | $8.6B | ||
| Q1 24 | $945.0M | $8.8B |
股东权益BGCDOC
| Q4 25 | $972.5M | $7.5B | ||
| Q3 25 | $965.3M | $7.6B | ||
| Q2 25 | $930.5M | $7.9B | ||
| Q1 25 | $963.8M | $8.2B | ||
| Q4 24 | $898.5M | $8.4B | ||
| Q3 24 | $860.1M | $8.6B | ||
| Q2 24 | $858.1M | $8.8B | ||
| Q1 24 | $912.1M | $8.9B |
总资产BGCDOC
| Q4 25 | $4.4B | $20.3B | ||
| Q3 25 | $5.8B | $19.6B | ||
| Q2 25 | $4.9B | $19.8B | ||
| Q1 25 | $4.9B | $19.8B | ||
| Q4 24 | $3.6B | $19.9B | ||
| Q3 24 | $4.4B | $20.0B | ||
| Q2 24 | $4.3B | $20.2B | ||
| Q1 24 | $4.4B | $20.5B |
负债/权益比BGCDOC
| Q4 25 | 1.58× | 1.31× | ||
| Q3 25 | 1.90× | 1.20× | ||
| Q2 25 | 1.97× | 1.14× | ||
| Q1 25 | 1.19× | 1.08× | ||
| Q4 24 | 1.27× | 1.04× | ||
| Q3 24 | 1.68× | 1.00× | ||
| Q2 24 | 1.68× | 0.98× | ||
| Q1 24 | 1.04× | 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 | $180.4M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $357.0M |
| 自由现金流率自由现金流/营收 | 27.4% | 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 | 12.55× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCDOC
| Q4 25 | $180.4M | $1.3B | ||
| Q3 25 | $141.9M | $315.0M | ||
| Q2 25 | $71.2M | $363.5M | ||
| Q1 25 | $839.0K | $279.4M | ||
| Q4 24 | $251.9M | $1.1B | ||
| Q3 24 | $88.3M | $318.2M | ||
| Q2 24 | $-53.0M | $316.2M | ||
| Q1 24 | $28.1M | $152.6M |
自由现金流BGCDOC
| Q4 25 | $175.1M | $357.0M | ||
| Q3 25 | $137.2M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | $333.7M | ||
| Q3 24 | $78.8M | — | ||
| Q2 24 | $-63.5M | — | ||
| Q1 24 | $24.9M | — |
自由现金流率BGCDOC
| Q4 25 | 27.4% | 49.6% | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | 47.8% | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | -14.6% | — | ||
| Q1 24 | 5.5% | — |
资本支出强度BGCDOC
| Q4 25 | 0.8% | 124.4% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | 105.6% | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 0.7% | — |
现金转化率BGCDOC
| Q4 25 | 12.55× | 10.99× | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | 11.48× | ||
| Q1 25 | 0.02× | 6.52× | ||
| Q4 24 | 9.99× | 235.43× | ||
| Q3 24 | 5.99× | 3.71× | ||
| Q2 24 | -1.40× | 2.17× | ||
| Q1 24 | 0.57× | 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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
DOC
暂无分部数据
