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Dream Finders Homes, Inc.（DFH）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Dream Finders Homes, Inc.的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 4.8%，领先68.3%），Healthpeak Properties同比增速更快（3.1% vs -22.3%），Healthpeak Properties自由现金流更多（$357.0M vs $136.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 8.9%）
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
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。
DFH vs DOC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $719.4M |
| 净利润 | $58.8M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 17.4% |
| 净利率 | 4.8% | 73.2% |
| 营收同比 | -22.3% | 3.1% |
| 净利润同比 | -54.9% | 2406.4% |
| 每股收益（稀释后） | $0.57 | $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 | $1.2B | $719.4M | ||
| Q3 25 | $969.8M | $705.9M | ||
| Q2 25 | $1.2B | $694.3M | ||
| Q1 25 | $989.9M | $702.9M | ||
| Q4 24 | $1.6B | $698.0M | ||
| Q3 24 | $1.0B | $700.4M | ||
| Q2 24 | $1.1B | $695.5M | ||
| Q1 24 | $827.8M | $606.6M |
| Q4 25 | $58.8M | $114.0M | ||
| Q3 25 | $47.0M | $-117.1M | ||
| Q2 25 | $56.6M | $31.7M | ||
| Q1 25 | $54.9M | $42.8M | ||
| Q4 24 | $130.5M | $4.5M | ||
| Q3 24 | $70.7M | $85.9M | ||
| Q2 24 | $80.9M | $146.0M | ||
| Q1 24 | $54.5M | $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 | 19.2% | 60.6% | ||
| Q1 24 | 18.0% | 59.8% |
| Q4 25 | 6.4% | 17.4% | ||
| Q3 25 | 6.3% | 9.2% | ||
| Q2 25 | 6.4% | 5.7% | ||
| Q1 25 | 7.2% | 7.7% | ||
| Q4 24 | 10.8% | -2.2% | ||
| Q3 24 | 9.2% | 14.1% | ||
| Q2 24 | 10.0% | 22.3% | ||
| Q1 24 | 8.6% | 3.7% |
| Q4 25 | 4.8% | 73.2% | ||
| Q3 25 | 4.8% | -16.6% | ||
| Q2 25 | 4.9% | 4.6% | ||
| Q1 25 | 5.5% | 6.1% | ||
| Q4 24 | 8.4% | 0.7% | ||
| Q3 24 | 7.0% | 12.3% | ||
| Q2 24 | 7.7% | 21.0% | ||
| Q1 24 | 6.6% | 1.1% |
| Q4 25 | $0.57 | $0.16 | ||
| Q3 25 | $0.47 | $-0.17 | ||
| Q2 25 | $0.56 | $0.05 | ||
| Q1 25 | $0.54 | $0.06 | ||
| Q4 24 | $1.28 | $0.02 | ||
| Q3 24 | $0.70 | $0.12 | ||
| Q2 24 | $0.81 | $0.21 | ||
| Q1 24 | $0.55 | $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 | $234.8M | $467.5M |
| 总债务越低越好 | $1.6B | $9.8B |
| 股东权益账面价值 | $1.4B | $7.5B |
| 总资产 | $3.7B | $20.3B |
| 负债/权益比越低杠杆越低 | 1.13× | 1.31× |
8季度趋势，按日历期对齐
| Q4 25 | $234.8M | $467.5M | ||
| Q3 25 | $251.0M | $91.0M | ||
| Q2 25 | $210.3M | $89.4M | ||
| Q1 25 | $297.5M | $70.6M | ||
| Q4 24 | $274.4M | $119.8M | ||
| Q3 24 | $204.9M | $180.4M | ||
| Q2 24 | $274.8M | $106.9M | ||
| Q1 24 | $239.4M | $101.8M |
| Q4 25 | $1.6B | $9.8B | ||
| Q3 25 | $1.8B | $9.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | $1.3B | $8.7B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.8B |
| Q4 25 | $1.4B | $7.5B | ||
| Q3 25 | $1.4B | $7.6B | ||
| Q2 25 | $1.3B | $7.9B | ||
| Q1 25 | $1.3B | $8.2B | ||
| Q4 24 | $1.2B | $8.4B | ||
| Q3 24 | $1.1B | $8.6B | ||
| Q2 24 | $1.0B | $8.8B | ||
| Q1 24 | $968.7M | $8.9B |
| Q4 25 | $3.7B | $20.3B | ||
| Q3 25 | $3.8B | $19.6B | ||
| Q2 25 | $3.7B | $19.8B | ||
| Q1 25 | $3.5B | $19.8B | ||
| Q4 24 | $3.3B | $19.9B | ||
| Q3 24 | $3.3B | $20.0B | ||
| Q2 24 | $3.0B | $20.2B | ||
| Q1 24 | $2.7B | $20.5B |
| Q4 25 | 1.13× | 1.31× | ||
| Q3 25 | 1.29× | 1.20× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | 1.03× | 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 | $143.6M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $357.0M |
| 自由现金流率自由现金流/营收 | 11.2% | 49.6% |
| 资本支出强度资本支出/营收 | 0.6% | 124.4% |
| 现金转化率经营现金流/净利润 | 2.44× | 10.99× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | — |
8季度趋势，按日历期对齐
| Q4 25 | $143.6M | $1.3B | ||
| Q3 25 | $-131.0M | $315.0M | ||
| Q2 25 | $-68.5M | $363.5M | ||
| Q1 25 | $-44.7M | $279.4M | ||
| Q4 24 | $306.5M | $1.1B | ||
| Q3 24 | $-205.0M | $318.2M | ||
| Q2 24 | $-110.6M | $316.2M | ||
| Q1 24 | $-247.5M | $152.6M |
| Q4 25 | $136.0M | $357.0M | ||
| Q3 25 | $-135.7M | — | ||
| Q2 25 | $-78.8M | — | ||
| Q1 25 | $-47.9M | — | ||
| Q4 24 | $302.6M | $333.7M | ||
| Q3 24 | $-222.5M | — | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | — |
| Q4 25 | 11.2% | 49.6% | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | 19.4% | 47.8% | ||
| Q3 24 | -22.1% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | — |
| Q4 25 | 0.6% | 124.4% | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | 105.6% | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 2.44× | 10.99× | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | 11.48× | ||
| Q1 25 | -0.81× | 6.52× | ||
| Q4 24 | 2.35× | 235.43× | ||
| Q3 24 | -2.90× | 3.71× | ||
| Q2 24 | -1.37× | 2.17× | ||
| Q1 24 | -4.54× | 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
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
DOC
暂无分部数据
