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GE医疗（DHC）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GE医疗的1.9倍（$719.4M vs $379.6M），Healthpeak Properties净利率更高（73.2% vs -5.6%，领先78.8%），Healthpeak Properties同比增速更快（3.1% vs -0.0%），Healthpeak Properties自由现金流更多（$357.0M vs $-166.4M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 1.2%）
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
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。
DHC vs DOC — 直观对比
营收规模更大
DOC
是对方的1.9倍
$379.6M
营收增速更快
DOC
高出3.1%
-0.0%
净利率更高
DOC
高出78.8%
-5.6%
自由现金流更多
DOC
多$523.5M
$-166.4M
两年增速更快
DOC
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $719.4M |
| 净利润 | $-21.2M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | -12.6% | 17.4% |
| 净利率 | -5.6% | 73.2% |
| 营收同比 | -0.0% | 3.1% |
| 净利润同比 | 75.7% | 2406.4% |
| 每股收益（稀释后） | $-0.09 | $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DHCDOC
| Q4 25 | $379.6M | $719.4M | ||
| Q3 25 | $388.7M | $705.9M | ||
| Q2 25 | $382.7M | $694.3M | ||
| Q1 25 | $386.9M | $702.9M | ||
| Q4 24 | $379.6M | $698.0M | ||
| Q3 24 | $373.6M | $700.4M | ||
| Q2 24 | $371.4M | $695.5M | ||
| Q1 24 | $370.8M | $606.6M |
净利润DHCDOC
| Q4 25 | $-21.2M | $114.0M | ||
| Q3 25 | $-164.0M | $-117.1M | ||
| Q2 25 | $-91.6M | $31.7M | ||
| Q1 25 | $-9.0M | $42.8M | ||
| Q4 24 | $-87.4M | $4.5M | ||
| Q3 24 | $-98.7M | $85.9M | ||
| Q2 24 | $-97.9M | $146.0M | ||
| Q1 24 | $-86.3M | $6.7M |
毛利率DHCDOC
| 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DHCDOC
| Q4 25 | -12.6% | 17.4% | ||
| Q3 25 | -43.4% | 9.2% | ||
| Q2 25 | -24.5% | 5.7% | ||
| Q1 25 | -2.7% | 7.7% | ||
| Q4 24 | -26.1% | -2.2% | ||
| Q3 24 | -26.5% | 14.1% | ||
| Q2 24 | -23.0% | 22.3% | ||
| Q1 24 | -23.7% | 3.7% |
净利率DHCDOC
| Q4 25 | -5.6% | 73.2% | ||
| Q3 25 | -42.2% | -16.6% | ||
| Q2 25 | -23.9% | 4.6% | ||
| Q1 25 | -2.3% | 6.1% | ||
| Q4 24 | -23.0% | 0.7% | ||
| Q3 24 | -26.4% | 12.3% | ||
| Q2 24 | -26.3% | 21.0% | ||
| Q1 24 | -23.3% | 1.1% |
每股收益（稀释后）DHCDOC
| Q4 25 | $-0.09 | $0.16 | ||
| Q3 25 | $-0.68 | $-0.17 | ||
| Q2 25 | $-0.38 | $0.05 | ||
| Q1 25 | $-0.04 | $0.06 | ||
| Q4 24 | $-0.37 | $0.02 | ||
| Q3 24 | $-0.41 | $0.12 | ||
| Q2 24 | $-0.41 | $0.21 | ||
| Q1 24 | $-0.36 | $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 | $105.4M | $467.5M |
| 总债务越低越好 | $2.4B | $9.8B |
| 股东权益账面价值 | $1.7B | $7.5B |
| 总资产 | $4.4B | $20.3B |
| 负债/权益比越低杠杆越低 | 1.47× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资DHCDOC
| Q4 25 | $105.4M | $467.5M | ||
| Q3 25 | $201.4M | $91.0M | ||
| Q2 25 | $141.8M | $89.4M | ||
| Q1 25 | $302.6M | $70.6M | ||
| Q4 24 | $144.6M | $119.8M | ||
| Q3 24 | $256.5M | $180.4M | ||
| Q2 24 | $265.6M | $106.9M | ||
| Q1 24 | $207.1M | $101.8M |
总债务DHCDOC
| Q4 25 | $2.4B | $9.8B | ||
| Q3 25 | — | $9.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | $3.1B | $8.7B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.8B |
股东权益DHCDOC
| Q4 25 | $1.7B | $7.5B | ||
| Q3 25 | $1.7B | $7.6B | ||
| Q2 25 | $1.9B | $7.9B | ||
| Q1 25 | $1.9B | $8.2B | ||
| Q4 24 | $2.0B | $8.4B | ||
| Q3 24 | $2.0B | $8.6B | ||
| Q2 24 | $2.1B | $8.8B | ||
| Q1 24 | $2.2B | $8.9B |
总资产DHCDOC
| Q4 25 | $4.4B | $20.3B | ||
| Q3 25 | $4.7B | $19.6B | ||
| Q2 25 | $4.8B | $19.8B | ||
| Q1 25 | $5.0B | $19.8B | ||
| Q4 24 | $5.1B | $19.9B | ||
| Q3 24 | $5.3B | $20.0B | ||
| Q2 24 | $5.3B | $20.2B | ||
| Q1 24 | $5.3B | $20.5B |
负债/权益比DHCDOC
| Q4 25 | 1.47× | 1.31× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | 1.56× | 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 | $-19.6M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $357.0M |
| 自由现金流率自由现金流/营收 | -43.8% | 49.6% |
| 资本支出强度资本支出/营收 | 38.7% | 124.4% |
| 现金转化率经营现金流/净利润 | — | 10.99× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | — |
8季度趋势，按日历期对齐
经营现金流DHCDOC
| Q4 25 | $-19.6M | $1.3B | ||
| Q3 25 | $-49.3M | $315.0M | ||
| Q2 25 | $53.0M | $363.5M | ||
| Q1 25 | $-3.2M | $279.4M | ||
| Q4 24 | $112.2M | $1.1B | ||
| Q3 24 | $21.1M | $318.2M | ||
| Q2 24 | $44.3M | $316.2M | ||
| Q1 24 | $28.6M | $152.6M |
自由现金流DHCDOC
| Q4 25 | $-166.4M | $357.0M | ||
| Q3 25 | $-89.8M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-42.9M | — | ||
| Q4 24 | $-89.5M | $333.7M | ||
| Q3 24 | $-26.1M | — | ||
| Q2 24 | $3.3M | — | ||
| Q1 24 | $-18.1M | — |
自由现金流率DHCDOC
| Q4 25 | -43.8% | 49.6% | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -23.6% | 47.8% | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -4.9% | — |
资本支出强度DHCDOC
| Q4 25 | 38.7% | 124.4% | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 53.1% | 105.6% | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 12.6% | — |
现金转化率DHCDOC
| 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× | ||
| Q1 24 | — | 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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
DOC
暂无分部数据
