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CULLEN/FROST BANKERS, INC.（CFR）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CULLEN/FROST BANKERS, INC.的1.2倍（$719.4M vs $580.9M），Healthpeak Properties净利率更高（73.2% vs 28.6%，领先44.6%），CULLEN/FROST BANKERS, INC.同比增速更快（8.3% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $127.3M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.6%）
Frost Bank是总部位于美国圣安东尼奥的德克萨斯州特许银行，为银行控股公司卡伦/弗罗斯特银行家集团的核心子公司。其在得克萨斯州共设有200家营业网点、1750台自动柜员机，按总资产规模统计位列全美前60大银行之列。
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。
CFR vs DOC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.9M | $719.4M |
| 净利润 | $166.3M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 34.1% | 17.4% |
| 净利率 | 28.6% | 73.2% |
| 营收同比 | 8.3% | 3.1% |
| 净利润同比 | 7.4% | 2406.4% |
| 每股收益（稀释后） | $2.56 | $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
| Q4 25 | $580.9M | $719.4M | ||
| Q3 25 | $567.3M | $705.9M | ||
| Q2 25 | $546.9M | $694.3M | ||
| Q1 25 | $540.2M | $702.9M | ||
| Q4 24 | $536.3M | $698.0M | ||
| Q3 24 | $518.0M | $700.4M | ||
| Q2 24 | $507.9M | $695.5M | ||
| Q1 24 | $501.4M | $606.6M |
| Q4 25 | $166.3M | $114.0M | ||
| Q3 25 | $174.4M | $-117.1M | ||
| Q2 25 | $157.0M | $31.7M | ||
| Q1 25 | $150.9M | $42.8M | ||
| Q4 24 | $154.9M | $4.5M | ||
| Q3 24 | $146.5M | $85.9M | ||
| Q2 24 | $145.5M | $146.0M | ||
| Q1 24 | $135.7M | $6.7M |
| 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% |
| Q4 25 | 34.1% | 17.4% | ||
| Q3 25 | 36.7% | 9.2% | ||
| Q2 25 | 34.1% | 5.7% | ||
| Q1 25 | 33.2% | 7.7% | ||
| Q4 24 | 34.3% | -2.2% | ||
| Q3 24 | 33.8% | 14.1% | ||
| Q2 24 | 34.5% | 22.3% | ||
| Q1 24 | 32.2% | 3.7% |
| Q4 25 | 28.6% | 73.2% | ||
| Q3 25 | 30.7% | -16.6% | ||
| Q2 25 | 28.7% | 4.6% | ||
| Q1 25 | 27.9% | 6.1% | ||
| Q4 24 | 28.9% | 0.7% | ||
| Q3 24 | 28.3% | 12.3% | ||
| Q2 24 | 28.6% | 21.0% | ||
| Q1 24 | 27.1% | 1.1% |
| Q4 25 | $2.56 | $0.16 | ||
| Q3 25 | $2.67 | $-0.17 | ||
| Q2 25 | $2.39 | $0.05 | ||
| Q1 25 | $2.30 | $0.06 | ||
| Q4 24 | $2.36 | $0.02 | ||
| Q3 24 | $2.24 | $0.12 | ||
| Q2 24 | $2.21 | $0.21 | ||
| Q1 24 | $2.06 | $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 | — | $467.5M |
| 总债务越低越好 | — | $9.8B |
| 股东权益账面价值 | $4.6B | $7.5B |
| 总资产 | $53.0B | $20.3B |
| 负债/权益比越低杠杆越低 | — | 1.31× |
8季度趋势，按日历期对齐
| Q4 25 | — | $467.5M | ||
| Q3 25 | — | $91.0M | ||
| Q2 25 | — | $89.4M | ||
| Q1 25 | — | $70.6M | ||
| Q4 24 | — | $119.8M | ||
| Q3 24 | — | $180.4M | ||
| Q2 24 | — | $106.9M | ||
| Q1 24 | — | $101.8M |
| 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 | ||
| Q1 24 | — | $8.8B |
| Q4 25 | $4.6B | $7.5B | ||
| Q3 25 | $4.5B | $7.6B | ||
| Q2 25 | $4.2B | $7.9B | ||
| Q1 25 | $4.1B | $8.2B | ||
| Q4 24 | $3.9B | $8.4B | ||
| Q3 24 | $4.1B | $8.6B | ||
| Q2 24 | $3.7B | $8.8B | ||
| Q1 24 | $3.6B | $8.9B |
| Q4 25 | $53.0B | $20.3B | ||
| Q3 25 | $52.5B | $19.6B | ||
| Q2 25 | $51.4B | $19.8B | ||
| Q1 25 | $52.0B | $19.8B | ||
| Q4 24 | $52.5B | $19.9B | ||
| Q3 24 | $51.0B | $20.0B | ||
| Q2 24 | $48.8B | $20.2B | ||
| Q1 24 | $49.5B | $20.5B |
| 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× | ||
| Q1 24 | — | 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 | $274.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $127.3M | $357.0M |
| 自由现金流率自由现金流/营收 | 21.9% | 49.6% |
| 资本支出强度资本支出/营收 | 25.2% | 124.4% |
| 现金转化率经营现金流/净利润 | 1.65× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $116.4M | — |
8季度趋势，按日历期对齐
| Q4 25 | $274.0M | $1.3B | ||
| Q3 25 | $248.6M | $315.0M | ||
| Q2 25 | $140.8M | $363.5M | ||
| Q1 25 | $-296.1M | $279.4M | ||
| Q4 24 | $989.5M | $1.1B | ||
| Q3 24 | $307.2M | $318.2M | ||
| Q2 24 | $129.6M | $316.2M | ||
| Q1 24 | $488.4M | $152.6M |
| Q4 25 | $127.3M | $357.0M | ||
| Q3 25 | $211.7M | — | ||
| Q2 25 | $114.5M | — | ||
| Q1 25 | $-337.1M | — | ||
| Q4 24 | $861.8M | $333.7M | ||
| Q3 24 | $281.9M | — | ||
| Q2 24 | $103.0M | — | ||
| Q1 24 | $450.3M | — |
| Q4 25 | 21.9% | 49.6% | ||
| Q3 25 | 37.3% | — | ||
| Q2 25 | 20.9% | — | ||
| Q1 25 | -62.4% | — | ||
| Q4 24 | 160.7% | 47.8% | ||
| Q3 24 | 54.4% | — | ||
| Q2 24 | 20.3% | — | ||
| Q1 24 | 89.8% | — |
| Q4 25 | 25.2% | 124.4% | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 4.8% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 23.8% | 105.6% | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 7.6% | — |
| Q4 25 | 1.65× | 10.99× | ||
| Q3 25 | 1.43× | — | ||
| Q2 25 | 0.90× | 11.48× | ||
| Q1 25 | -1.96× | 6.52× | ||
| Q4 24 | 6.39× | 235.43× | ||
| Q3 24 | 2.10× | 3.71× | ||
| Q2 24 | 0.89× | 2.17× | ||
| Q1 24 | 3.60× | 22.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
