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DROPBOX, INC.（DBX）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DROPBOX, INC.的1.1倍（$719.4M vs $636.2M），Healthpeak Properties净利率更高（73.2% vs 17.1%，领先56.1%），Healthpeak Properties同比增速更快（3.1% vs -1.1%），Healthpeak Properties自由现金流更多（$357.0M vs $224.9M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 0.4%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
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。
DBX vs DOC — 直观对比
营收规模更大
DOC
是对方的1.1倍
$636.2M
营收增速更快
DOC
高出4.2%
-1.1%
净利率更高
DOC
高出56.1%
17.1%
自由现金流更多
DOC
多$132.1M
$224.9M
两年增速更快
DOC
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $719.4M |
| 净利润 | $108.7M | $114.0M |
| 毛利率 | 79.2% | — |
| 营业利润率 | 25.5% | 17.4% |
| 净利率 | 17.1% | 73.2% |
| 营收同比 | -1.1% | 3.1% |
| 净利润同比 | 5.7% | 2406.4% |
| 每股收益（稀释后） | $0.43 | $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DBXDOC
| Q4 25 | $636.2M | $719.4M | ||
| Q3 25 | $634.4M | $705.9M | ||
| Q2 25 | $625.7M | $694.3M | ||
| Q1 25 | $624.7M | $702.9M | ||
| Q4 24 | $643.6M | $698.0M | ||
| Q3 24 | $638.8M | $700.4M | ||
| Q2 24 | $634.5M | $695.5M | ||
| Q1 24 | $631.3M | $606.6M |
净利润DBXDOC
| Q4 25 | $108.7M | $114.0M | ||
| Q3 25 | $123.8M | $-117.1M | ||
| Q2 25 | $125.6M | $31.7M | ||
| Q1 25 | $150.3M | $42.8M | ||
| Q4 24 | $102.8M | $4.5M | ||
| Q3 24 | $106.7M | $85.9M | ||
| Q2 24 | $110.5M | $146.0M | ||
| Q1 24 | $132.3M | $6.7M |
毛利率DBXDOC
| Q4 25 | 79.2% | — | ||
| Q3 25 | 79.8% | 58.6% | ||
| Q2 25 | 80.2% | 60.2% | ||
| Q1 25 | 81.3% | 61.1% | ||
| Q4 24 | 81.2% | 60.3% | ||
| Q3 24 | 82.5% | 60.0% | ||
| Q2 24 | 83.1% | 60.6% | ||
| Q1 24 | 83.2% | 59.8% |
营业利润率DBXDOC
| Q4 25 | 25.5% | 17.4% | ||
| Q3 25 | 27.5% | 9.2% | ||
| Q2 25 | 26.9% | 5.7% | ||
| Q1 25 | 29.4% | 7.7% | ||
| Q4 24 | 13.7% | -2.2% | ||
| Q3 24 | 20.0% | 14.1% | ||
| Q2 24 | 20.0% | 22.3% | ||
| Q1 24 | 22.7% | 3.7% |
净利率DBXDOC
| Q4 25 | 17.1% | 73.2% | ||
| Q3 25 | 19.5% | -16.6% | ||
| Q2 25 | 20.1% | 4.6% | ||
| Q1 25 | 24.1% | 6.1% | ||
| Q4 24 | 16.0% | 0.7% | ||
| Q3 24 | 16.7% | 12.3% | ||
| Q2 24 | 17.4% | 21.0% | ||
| Q1 24 | 21.0% | 1.1% |
每股收益（稀释后）DBXDOC
| Q4 25 | $0.43 | $0.16 | ||
| Q3 25 | $0.47 | $-0.17 | ||
| Q2 25 | $0.45 | $0.05 | ||
| Q1 25 | $0.51 | $0.06 | ||
| Q4 24 | $0.33 | $0.02 | ||
| Q3 24 | $0.34 | $0.12 | ||
| Q2 24 | $0.34 | $0.21 | ||
| Q1 24 | $0.39 | $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 | $891.3M | $467.5M |
| 总债务越低越好 | — | $9.8B |
| 股东权益账面价值 | $-1.8B | $7.5B |
| 总资产 | $2.8B | $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
现金及短期投资DBXDOC
| Q4 25 | $891.3M | $467.5M | ||
| Q3 25 | $730.7M | $91.0M | ||
| Q2 25 | $736.3M | $89.4M | ||
| Q1 25 | $942.2M | $70.6M | ||
| Q4 24 | $1.3B | $119.8M | ||
| Q3 24 | $517.6M | $180.4M | ||
| Q2 24 | $515.1M | $106.9M | ||
| Q1 24 | $548.9M | $101.8M |
总债务DBXDOC
| 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 |
股东权益DBXDOC
| Q4 25 | $-1.8B | $7.5B | ||
| Q3 25 | $-1.5B | $7.6B | ||
| Q2 25 | $-1.3B | $7.9B | ||
| Q1 25 | $-1.1B | $8.2B | ||
| Q4 24 | $-752.4M | $8.4B | ||
| Q3 24 | $-546.1M | $8.6B | ||
| Q2 24 | $-371.3M | $8.8B | ||
| Q1 24 | $-277.2M | $8.9B |
总资产DBXDOC
| Q4 25 | $2.8B | $20.3B | ||
| Q3 25 | $2.8B | $19.6B | ||
| Q2 25 | $2.8B | $19.8B | ||
| Q1 25 | $3.0B | $19.8B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $2.6B | $20.0B | ||
| Q2 24 | $2.7B | $20.2B | ||
| Q1 24 | $2.8B | $20.5B |
负债/权益比DBXDOC
| 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 | $235.4M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $224.9M | $357.0M |
| 自由现金流率自由现金流/营收 | 35.4% | 49.6% |
| 资本支出强度资本支出/营收 | 1.7% | 124.4% |
| 现金转化率经营现金流/净利润 | 2.17× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $930.8M | — |
8季度趋势，按日历期对齐
经营现金流DBXDOC
| Q4 25 | $235.4M | $1.3B | ||
| Q3 25 | $302.1M | $315.0M | ||
| Q2 25 | $260.5M | $363.5M | ||
| Q1 25 | $153.8M | $279.4M | ||
| Q4 24 | $213.8M | $1.1B | ||
| Q3 24 | $274.2M | $318.2M | ||
| Q2 24 | $230.6M | $316.2M | ||
| Q1 24 | $175.5M | $152.6M |
自由现金流DBXDOC
| Q4 25 | $224.9M | $357.0M | ||
| Q3 25 | $293.7M | — | ||
| Q2 25 | $258.5M | — | ||
| Q1 25 | $153.7M | — | ||
| Q4 24 | $210.5M | $333.7M | ||
| Q3 24 | $270.1M | — | ||
| Q2 24 | $224.7M | — | ||
| Q1 24 | $166.3M | — |
自由现金流率DBXDOC
| Q4 25 | 35.4% | 49.6% | ||
| Q3 25 | 46.3% | — | ||
| Q2 25 | 41.3% | — | ||
| Q1 25 | 24.6% | — | ||
| Q4 24 | 32.7% | 47.8% | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | 26.3% | — |
资本支出强度DBXDOC
| Q4 25 | 1.7% | 124.4% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | 105.6% | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.5% | — |
现金转化率DBXDOC
| Q4 25 | 2.17× | 10.99× | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.07× | 11.48× | ||
| Q1 25 | 1.02× | 6.52× | ||
| Q4 24 | 2.08× | 235.43× | ||
| Q3 24 | 2.57× | 3.71× | ||
| Q2 24 | 2.09× | 2.17× | ||
| Q1 24 | 1.33× | 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
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
DOC
暂无分部数据
