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Compass Diversified Holdings（CODI）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Compass Diversified Holdings的1.5倍（$702.9M vs $468.6M），Healthpeak Properties净利率更高（51.6% vs -16.8%，领先68.5%），Compass Diversified Holdings同比增速更快（-5.1% vs -6.6%），过去两年Compass Diversified Holdings的营收复合增速更高（6.8% vs 0.5%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
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。
CODI vs DOC — 直观对比
营收规模更大
DOC
是对方的1.5倍
$468.6M
营收增速更快
CODI
高出1.5%
-6.6%
净利率更高
DOC
高出68.5%
-16.8%
两年增速更快
CODI
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $702.9M |
| 净利润 | $-78.8M | $363.0M |
| 毛利率 | 43.1% | — |
| 营业利润率 | 9.8% | 0.7% |
| 净利率 | -16.8% | 51.6% |
| 营收同比 | -5.1% | -6.6% |
| 净利润同比 | -14.4% | 28.3% |
| 每股收益（稀释后） | $-0.91 | $0.28 |
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CODIDOC
| Q1 26 | — | $702.9M | ||
| Q4 25 | $468.6M | $719.4M | ||
| Q3 25 | $472.6M | $705.9M | ||
| Q2 25 | $478.7M | $694.3M | ||
| Q1 25 | $453.8M | $702.9M | ||
| Q4 24 | $493.9M | $698.0M | ||
| Q3 24 | $456.6M | $700.4M | ||
| Q2 24 | $426.7M | $695.5M |
净利润CODIDOC
| Q1 26 | — | $363.0M | ||
| Q4 25 | $-78.8M | $114.0M | ||
| Q3 25 | $-74.0M | $-117.1M | ||
| Q2 25 | $-51.2M | $31.7M | ||
| Q1 25 | $-30.0M | $42.8M | ||
| Q4 24 | $-68.9M | $4.5M | ||
| Q3 24 | $-36.0M | $85.9M | ||
| Q2 24 | $-73.1M | $146.0M |
毛利率CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | 43.1% | — | ||
| Q3 25 | 44.0% | 58.6% | ||
| Q2 25 | 43.6% | 60.2% | ||
| Q1 25 | 43.2% | 61.1% | ||
| Q4 24 | 38.6% | 60.3% | ||
| Q3 24 | 43.1% | 60.0% | ||
| Q2 24 | 44.1% | 60.6% |
营业利润率CODIDOC
| Q1 26 | — | 0.7% | ||
| Q4 25 | 9.8% | 17.4% | ||
| Q3 25 | -2.3% | 9.2% | ||
| Q2 25 | -5.7% | 5.7% | ||
| Q1 25 | 0.8% | 7.7% | ||
| Q4 24 | -3.8% | -2.2% | ||
| Q3 24 | 1.8% | 14.1% | ||
| Q2 24 | 1.8% | 22.3% |
净利率CODIDOC
| Q1 26 | — | 51.6% | ||
| Q4 25 | -16.8% | 73.2% | ||
| Q3 25 | -15.7% | -16.6% | ||
| Q2 25 | -10.7% | 4.6% | ||
| Q1 25 | -6.6% | 6.1% | ||
| Q4 24 | -13.9% | 0.7% | ||
| Q3 24 | -7.9% | 12.3% | ||
| Q2 24 | -17.1% | 21.0% |
每股收益（稀释后）CODIDOC
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.91 | $0.16 | ||
| Q3 25 | $-1.21 | $-0.17 | ||
| Q2 25 | $-0.88 | $0.05 | ||
| Q1 25 | $-0.59 | $0.06 | ||
| Q4 24 | $-0.57 | $0.02 | ||
| Q3 24 | $-0.62 | $0.12 | ||
| Q2 24 | $-1.12 | $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 | $68.0M | $-1.2B |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $442.0M | $7.8B |
| 总资产 | $3.0B | $21.6B |
| 负债/权益比越低杠杆越低 | 4.25× | — |
8季度趋势，按日历期对齐
现金及短期投资CODIDOC
| Q1 26 | — | $-1.2B | ||
| Q4 25 | $68.0M | $467.5M | ||
| Q3 25 | $61.1M | $91.0M | ||
| Q2 25 | $73.8M | $89.4M | ||
| Q1 25 | $146.2M | $70.6M | ||
| Q4 24 | $59.7M | $119.8M | ||
| Q3 24 | $64.9M | $180.4M | ||
| Q2 24 | $61.5M | $106.9M |
总债务CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $9.8B | ||
| Q3 25 | $1.9B | $9.1B | ||
| Q2 25 | $1.9B | $9.0B | ||
| Q1 25 | $1.9B | $8.9B | ||
| Q4 24 | $1.8B | $8.7B | ||
| Q3 24 | $1.8B | $8.6B | ||
| Q2 24 | $1.7B | $8.6B |
股东权益CODIDOC
| Q1 26 | — | $7.8B | ||
| Q4 25 | $442.0M | $7.5B | ||
| Q3 25 | $519.2M | $7.6B | ||
| Q2 25 | $601.9M | $7.9B | ||
| Q1 25 | $680.7M | $8.2B | ||
| Q4 24 | $678.6M | $8.4B | ||
| Q3 24 | $672.2M | $8.6B | ||
| Q2 24 | $711.3M | $8.8B |
总资产CODIDOC
| Q1 26 | — | $21.6B | ||
| Q4 25 | $3.0B | $20.3B | ||
| Q3 25 | $3.2B | $19.6B | ||
| Q2 25 | $3.3B | $19.8B | ||
| Q1 25 | $3.4B | $19.8B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $3.3B | $20.0B | ||
| Q2 24 | $3.2B | $20.2B |
负债/权益比CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | 4.25× | 1.31× | ||
| Q3 25 | 3.62× | 1.20× | ||
| Q2 25 | 3.09× | 1.14× | ||
| Q1 25 | 2.73× | 1.08× | ||
| Q4 24 | 2.61× | 1.04× | ||
| Q3 24 | 2.64× | 1.00× | ||
| Q2 24 | 2.42× | 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 | $47.0M | — |
| 自由现金流经营现金流 - 资本支出 | $36.9M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 2.2% | 3.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-51.1M | — |
8季度趋势，按日历期对齐
经营现金流CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | $47.0M | $1.3B | ||
| Q3 25 | $10.7M | $315.0M | ||
| Q2 25 | $-35.2M | $363.5M | ||
| Q1 25 | $-29.3M | $279.4M | ||
| Q4 24 | $-16.1M | $1.1B | ||
| Q3 24 | $-48.4M | $318.2M | ||
| Q2 24 | $-61.3M | $316.2M |
自由现金流CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | $36.9M | $357.0M | ||
| Q3 25 | $481.0K | — | ||
| Q2 25 | $-46.0M | — | ||
| Q1 25 | $-42.4M | — | ||
| Q4 24 | $-39.0M | $333.7M | ||
| Q3 24 | $-63.5M | — | ||
| Q2 24 | $-72.2M | — |
自由现金流率CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 49.6% | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | -7.9% | 47.8% | ||
| Q3 24 | -13.9% | — | ||
| Q2 24 | -16.9% | — |
资本支出强度CODIDOC
| Q1 26 | — | 3.4% | ||
| Q4 25 | 2.2% | 124.4% | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.6% | 105.6% | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.6% | — |
现金转化率CODIDOC
| Q1 26 | — | — | ||
| Q4 25 | — | 10.99× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.48× | ||
| Q1 25 | — | 6.52× | ||
| Q4 24 | — | 235.43× | ||
| Q3 24 | — | 3.71× | ||
| Q2 24 | — | 2.17× |
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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
DOC
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
