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COMERICA INC（CMA）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
COMERICA INC的季度营收约是Healthpeak Properties的1.2倍（$838.0M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 21.0%，领先52.2%），COMERICA INC同比增速更快（3.3% vs 3.1%），过去两年COMERICA INC的营收复合增速更高（108.9% vs 8.9%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs DOC — 直观对比
营收规模更大
CMA
是对方的1.2倍
$719.4M
营收增速更快
CMA
高出0.3%
3.1%
净利率更高
DOC
高出52.2%
21.0%
两年增速更快
CMA
近两年复合增速
8.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $719.4M |
| 净利润 | $176.0M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.4% |
| 净利率 | 21.0% | 73.2% |
| 营收同比 | 3.3% | 3.1% |
| 净利润同比 | -4.3% | 2406.4% |
| 每股收益（稀释后） | $1.35 | $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CMADOC
| Q4 25 | — | $719.4M | ||
| Q3 25 | $838.0M | $705.9M | ||
| Q2 25 | $849.0M | $694.3M | ||
| Q1 25 | $829.0M | $702.9M | ||
| Q4 24 | $825.0M | $698.0M | ||
| Q3 24 | $811.0M | $700.4M | ||
| Q2 24 | $824.0M | $695.5M | ||
| Q1 24 | $784.0M | $606.6M |
净利润CMADOC
| Q4 25 | — | $114.0M | ||
| Q3 25 | $176.0M | $-117.1M | ||
| Q2 25 | $199.0M | $31.7M | ||
| Q1 25 | $172.0M | $42.8M | ||
| Q4 24 | $170.0M | $4.5M | ||
| Q3 24 | $184.0M | $85.9M | ||
| Q2 24 | $206.0M | $146.0M | ||
| Q1 24 | $138.0M | $6.7M |
毛利率CMADOC
| 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CMADOC
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 3.7% |
净利率CMADOC
| Q4 25 | — | 73.2% | ||
| Q3 25 | 21.0% | -16.6% | ||
| Q2 25 | 23.4% | 4.6% | ||
| Q1 25 | 20.7% | 6.1% | ||
| Q4 24 | 20.6% | 0.7% | ||
| Q3 24 | 22.7% | 12.3% | ||
| Q2 24 | 25.0% | 21.0% | ||
| Q1 24 | 17.6% | 1.1% |
每股收益（稀释后）CMADOC
| Q4 25 | — | $0.16 | ||
| Q3 25 | $1.35 | $-0.17 | ||
| Q2 25 | $1.42 | $0.05 | ||
| Q1 25 | $1.25 | $0.06 | ||
| Q4 24 | $1.22 | $0.02 | ||
| Q3 24 | $1.33 | $0.12 | ||
| Q2 24 | $1.49 | $0.21 | ||
| Q1 24 | $0.98 | $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 | $5.4B | $9.8B |
| 股东权益账面价值 | $7.4B | $7.5B |
| 总资产 | $77.4B | $20.3B |
| 负债/权益比越低杠杆越低 | 0.73× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资CMADOC
| 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 |
总债务CMADOC
| Q4 25 | — | $9.8B | ||
| Q3 25 | $5.4B | $9.1B | ||
| Q2 25 | $5.8B | $9.0B | ||
| Q1 25 | $5.7B | $8.9B | ||
| Q4 24 | $6.7B | $8.7B | ||
| Q3 24 | $6.8B | $8.6B | ||
| Q2 24 | $7.1B | $8.6B | ||
| Q1 24 | $7.1B | $8.8B |
股东权益CMADOC
| Q4 25 | — | $7.5B | ||
| Q3 25 | $7.4B | $7.6B | ||
| Q2 25 | $6.9B | $7.9B | ||
| Q1 25 | $7.1B | $8.2B | ||
| Q4 24 | $6.5B | $8.4B | ||
| Q3 24 | $7.4B | $8.6B | ||
| Q2 24 | $6.2B | $8.8B | ||
| Q1 24 | $6.0B | $8.9B |
总资产CMADOC
| Q4 25 | — | $20.3B | ||
| Q3 25 | $77.4B | $19.6B | ||
| Q2 25 | $78.0B | $19.8B | ||
| Q1 25 | $77.6B | $19.8B | ||
| Q4 24 | $79.3B | $19.9B | ||
| Q3 24 | $79.7B | $20.0B | ||
| Q2 24 | $79.6B | $20.2B | ||
| Q1 24 | $79.4B | $20.5B |
负债/权益比CMADOC
| Q4 25 | — | 1.31× | ||
| Q3 25 | 0.73× | 1.20× | ||
| Q2 25 | 0.84× | 1.14× | ||
| Q1 25 | 0.81× | 1.08× | ||
| Q4 24 | 1.02× | 1.04× | ||
| Q3 24 | 0.92× | 1.00× | ||
| Q2 24 | 1.15× | 0.98× | ||
| Q1 24 | 1.18× | 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 | $-270.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $357.0M |
| 自由现金流率自由现金流/营收 | — | 49.6% |
| 资本支出强度资本支出/营收 | — | 124.4% |
| 现金转化率经营现金流/净利润 | -1.53× | 10.99× |
| 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CMADOC
| Q4 25 | — | $1.3B | ||
| Q3 25 | $-270.0M | $315.0M | ||
| Q2 25 | $476.0M | $363.5M | ||
| Q1 25 | $273.0M | $279.4M | ||
| Q4 24 | $601.0M | $1.1B | ||
| Q3 24 | $1.0B | $318.2M | ||
| Q2 24 | $111.0M | $316.2M | ||
| Q1 24 | $-205.0M | $152.6M |
自由现金流CMADOC
| Q4 25 | — | $357.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $333.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CMADOC
| Q4 25 | — | 49.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.8% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CMADOC
| Q4 25 | — | 124.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 105.6% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CMADOC
| Q4 25 | — | 10.99× | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | 11.48× | ||
| Q1 25 | 1.59× | 6.52× | ||
| Q4 24 | 3.54× | 235.43× | ||
| Q3 24 | 5.70× | 3.71× | ||
| Q2 24 | 0.54× | 2.17× | ||
| Q1 24 | -1.49× | 22.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
