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Braemar Hotels & Resorts Inc.（BHR）与Doximity, Inc.（DOCS）财务数据对比。点击上方公司名可切换其他公司
Doximity, Inc.的季度营收约是Braemar Hotels & Resorts Inc.的1.1倍（$185.1M vs $165.6M），Doximity, Inc.净利率更高（33.3% vs -20.3%，领先53.6%），Doximity, Inc.同比增速更快（9.8% vs -4.5%），过去两年Doximity, Inc.的营收复合增速更高（25.2% vs -13.1%）
Braemar Hotels & Resorts Inc.是一家主打高端奢华酒店及度假村持有运营的房地产投资信托，主要布局美国市场，服务高端休闲旅客、企业活动主办方及商务差旅群体，通过住宿预订、配套消费及活动承办获得收益。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
BHR vs DOCS — 直观对比
营收规模更大
DOCS
是对方的1.1倍
$165.6M
营收增速更快
DOCS
高出14.2%
-4.5%
净利率更高
DOCS
高出53.6%
-20.3%
两年增速更快
DOCS
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $165.6M | $185.1M |
| 净利润 | $-33.6M | $61.6M |
| 毛利率 | — | 89.9% |
| 营业利润率 | -7.3% | 38.9% |
| 净利率 | -20.3% | 33.3% |
| 营收同比 | -4.5% | 9.8% |
| 净利润同比 | -80.1% | -18.1% |
| 每股收益（稀释后） | $-0.67 | $0.31 |
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BHRDOCS
| Q4 25 | $165.6M | $185.1M | ||
| Q3 25 | $143.6M | $168.5M | ||
| Q2 25 | $179.1M | $145.9M | ||
| Q1 25 | $215.8M | $138.3M | ||
| Q4 24 | $173.3M | $168.6M | ||
| Q3 24 | $148.4M | $136.8M | ||
| Q2 24 | $187.6M | $126.7M | ||
| Q1 24 | $219.1M | $118.1M |
净利润BHRDOCS
| Q4 25 | $-33.6M | $61.6M | ||
| Q3 25 | $5.7M | $62.1M | ||
| Q2 25 | $-5.5M | $53.3M | ||
| Q1 25 | $11.0M | $62.5M | ||
| Q4 24 | $-18.7M | $75.2M | ||
| Q3 24 | $12.6M | $44.2M | ||
| Q2 24 | $-11.6M | $41.4M | ||
| Q1 24 | $15.9M | $40.6M |
毛利率BHRDOCS
| Q4 25 | — | 89.9% | ||
| Q3 25 | — | 90.3% | ||
| Q2 25 | — | 89.2% | ||
| Q1 25 | — | 89.5% | ||
| Q4 24 | — | 91.6% | ||
| Q3 24 | — | 90.0% | ||
| Q2 24 | — | 89.3% | ||
| Q1 24 | — | 89.4% |
营业利润率BHRDOCS
| Q4 25 | -7.3% | 38.9% | ||
| Q3 25 | 20.8% | 37.8% | ||
| Q2 25 | 10.0% | 37.4% | ||
| Q1 25 | 17.0% | 35.2% | ||
| Q4 24 | 2.2% | 47.4% | ||
| Q3 24 | 47.4% | 38.8% | ||
| Q2 24 | 6.5% | 36.4% | ||
| Q1 24 | 19.4% | 35.5% |
净利率BHRDOCS
| Q4 25 | -20.3% | 33.3% | ||
| Q3 25 | 4.0% | 36.8% | ||
| Q2 25 | -3.1% | 36.5% | ||
| Q1 25 | 5.1% | 45.2% | ||
| Q4 24 | -10.8% | 44.6% | ||
| Q3 24 | 8.5% | 32.3% | ||
| Q2 24 | -6.2% | 32.7% | ||
| Q1 24 | 7.3% | 34.4% |
每股收益（稀释后）BHRDOCS
| Q4 25 | $-0.67 | $0.31 | ||
| Q3 25 | $-0.12 | $0.31 | ||
| Q2 25 | $-0.24 | $0.27 | ||
| Q1 25 | $-0.04 | $0.31 | ||
| Q4 24 | $-0.47 | $0.37 | ||
| Q3 24 | $-0.02 | $0.22 | ||
| Q2 24 | $-0.33 | $0.21 | ||
| Q1 24 | $0.05 | $0.20 |
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 | $124.4M | $64.8M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $138.7M | $979.3M |
| 总资产 | $1.9B | $1.2B |
| 负债/权益比越低杠杆越低 | 7.96× | — |
8季度趋势，按日历期对齐
现金及短期投资BHRDOCS
| Q4 25 | $124.4M | $64.8M | ||
| Q3 25 | $116.3M | $169.2M | ||
| Q2 25 | $80.2M | $137.3M | ||
| Q1 25 | $81.7M | $209.6M | ||
| Q4 24 | $135.5M | $165.3M | ||
| Q3 24 | $168.7M | $184.2M | ||
| Q2 24 | $114.6M | $111.4M | ||
| Q1 24 | $137.1M | $96.8M |
总债务BHRDOCS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益BHRDOCS
| Q4 25 | $138.7M | $979.3M | ||
| Q3 25 | $211.9M | $1.1B | ||
| Q2 25 | $225.1M | $1.0B | ||
| Q1 25 | $238.9M | $1.1B | ||
| Q4 24 | $240.7M | $1.0B | ||
| Q3 24 | $276.9M | $961.2M | ||
| Q2 24 | $282.3M | $913.6M | ||
| Q1 24 | $307.3M | $901.4M |
总资产BHRDOCS
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
负债/权益比BHRDOCS
| Q4 25 | 7.96× | — | ||
| Q3 25 | 5.50× | — | ||
| Q2 25 | 5.38× | — | ||
| Q1 25 | 5.03× | — | ||
| Q4 24 | 5.03× | — | ||
| Q3 24 | 4.36× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 3.98× | — |
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 | $40.8M | $60.9M |
| 自由现金流经营现金流 - 资本支出 | $-37.1M | — |
| 自由现金流率自由现金流/营收 | -22.4% | — |
| 资本支出强度资本支出/营收 | 47.1% | — |
| 现金转化率经营现金流/净利润 | — | 0.99× |
| 过去12个月自由现金流最近4个季度 | $-59.2M | — |
8季度趋势，按日历期对齐
经营现金流BHRDOCS
| Q4 25 | $40.8M | $60.9M | ||
| Q3 25 | $-5.8M | $93.9M | ||
| Q2 25 | $23.0M | $62.1M | ||
| Q1 25 | $15.1M | $98.5M | ||
| Q4 24 | $66.8M | $65.2M | ||
| Q3 24 | $9.0K | $68.3M | ||
| Q2 24 | $24.1M | $41.2M | ||
| Q1 24 | $36.0M | $63.9M |
自由现金流BHRDOCS
| Q4 25 | $-37.1M | — | ||
| Q3 25 | $-27.3M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $-159.0K | — | ||
| Q4 24 | $-3.8M | — | ||
| Q3 24 | $-15.6M | — | ||
| Q2 24 | $8.2M | — | ||
| Q1 24 | $12.7M | — |
自由现金流率BHRDOCS
| Q4 25 | -22.4% | — | ||
| Q3 25 | -19.0% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -10.5% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BHRDOCS
| Q4 25 | 47.1% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 9.9% | — | ||
| Q1 25 | 7.1% | 0.0% | ||
| Q4 24 | 40.7% | 0.0% | ||
| Q3 24 | 10.5% | 0.0% | ||
| Q2 24 | 8.5% | 0.0% | ||
| Q1 24 | 10.7% | 0.0% |
现金转化率BHRDOCS
| Q4 25 | — | 0.99× | ||
| Q3 25 | -1.00× | 1.51× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 1.38× | 1.58× | ||
| Q4 24 | — | 0.87× | ||
| Q3 24 | 0.00× | 1.55× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | 2.26× | 1.57× |
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
BHR
| Occupancy | $97.4M | 59% |
| Food And Beverage | $45.5M | 28% |
| Hotel Other | $22.6M | 14% |
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
