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Healthpeak Properties（DOC）与Dynatrace, Inc.（DT）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Dynatrace, Inc.的1.4倍（$719.4M vs $515.5M），Healthpeak Properties净利率更高（73.2% vs 7.8%，领先65.4%），Dynatrace, Inc.同比增速更快（18.2% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $27.2M），过去两年Dynatrace, Inc.的营收复合增速更高（16.3% vs 8.9%）
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。
Dynatrace是总部位于美国的跨国科技企业，主打AI驱动的可观测性平台，旗下软件可用于应用性能监控分析、软件开发流程优化、网络安全防护、IT基础设施运维及用户体验提升等场景，为各行业客户的数字化运营提供有力技术支撑。
DOC vs DT — 直观对比
营收规模更大
DOC
是对方的1.4倍
$515.5M
营收增速更快
DT
高出15.1%
3.1%
净利率更高
DOC
高出65.4%
7.8%
自由现金流更多
DOC
多$329.8M
$27.2M
两年增速更快
DT
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $515.5M |
| 净利润 | $114.0M | $40.1M |
| 毛利率 | — | 81.4% |
| 营业利润率 | 17.4% | 14.1% |
| 净利率 | 73.2% | 7.8% |
| 营收同比 | 3.1% | 18.2% |
| 净利润同比 | 2406.4% | -88.9% |
| 每股收益（稀释后） | $0.16 | $0.13 |
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DOCDT
| Q4 25 | $719.4M | $515.5M | ||
| Q3 25 | $705.9M | $493.8M | ||
| Q2 25 | $694.3M | $477.3M | ||
| Q1 25 | $702.9M | $445.2M | ||
| Q4 24 | $698.0M | $436.2M | ||
| Q3 24 | $700.4M | $418.1M | ||
| Q2 24 | $695.5M | $399.2M | ||
| Q1 24 | $606.6M | $380.8M |
净利润DOCDT
| Q4 25 | $114.0M | $40.1M | ||
| Q3 25 | $-117.1M | $57.2M | ||
| Q2 25 | $31.7M | $48.0M | ||
| Q1 25 | $42.8M | $39.3M | ||
| Q4 24 | $4.5M | $361.8M | ||
| Q3 24 | $85.9M | $44.0M | ||
| Q2 24 | $146.0M | $38.6M | ||
| Q1 24 | $6.7M | $37.9M |
毛利率DOCDT
| Q4 25 | — | 81.4% | ||
| Q3 25 | 58.6% | 81.8% | ||
| Q2 25 | 60.2% | 82.1% | ||
| Q1 25 | 61.1% | 80.9% | ||
| Q4 24 | 60.3% | 81.1% | ||
| Q3 24 | 60.0% | 81.4% | ||
| Q2 24 | 60.6% | 81.3% | ||
| Q1 24 | 59.8% | 81.1% |
营业利润率DOCDT
| Q4 25 | 17.4% | 14.1% | ||
| Q3 25 | 9.2% | 14.8% | ||
| Q2 25 | 5.7% | 13.1% | ||
| Q1 25 | 7.7% | 9.6% | ||
| Q4 24 | -2.2% | 10.9% | ||
| Q3 24 | 14.1% | 11.2% | ||
| Q2 24 | 22.3% | 10.5% | ||
| Q1 24 | 3.7% | 6.1% |
净利率DOCDT
| Q4 25 | 73.2% | 7.8% | ||
| Q3 25 | -16.6% | 11.6% | ||
| Q2 25 | 4.6% | 10.0% | ||
| Q1 25 | 6.1% | 8.8% | ||
| Q4 24 | 0.7% | 82.9% | ||
| Q3 24 | 12.3% | 10.5% | ||
| Q2 24 | 21.0% | 9.7% | ||
| Q1 24 | 1.1% | 10.0% |
每股收益（稀释后）DOCDT
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | $-0.17 | $0.19 | ||
| Q2 25 | $0.05 | $0.16 | ||
| Q1 25 | $0.06 | $0.12 | ||
| Q4 24 | $0.02 | $1.19 | ||
| Q3 24 | $0.12 | $0.15 | ||
| Q2 24 | $0.21 | $0.13 | ||
| Q1 24 | $0.01 | $0.13 |
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 | $1.2B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $2.7B |
| 总资产 | $20.3B | $4.1B |
| 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DOCDT
| Q4 25 | $467.5M | $1.2B | ||
| Q3 25 | $91.0M | $1.3B | ||
| Q2 25 | $89.4M | $1.3B | ||
| Q1 25 | $70.6M | $1.1B | ||
| Q4 24 | $119.8M | $1.0B | ||
| Q3 24 | $180.4M | $1.0B | ||
| Q2 24 | $106.9M | $1.0B | ||
| Q1 24 | $101.8M | $836.9M |
总债务DOCDT
| 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DOCDT
| Q4 25 | $7.5B | $2.7B | ||
| Q3 25 | $7.6B | $2.8B | ||
| Q2 25 | $7.9B | $2.7B | ||
| Q1 25 | $8.2B | $2.6B | ||
| Q4 24 | $8.4B | $2.6B | ||
| Q3 24 | $8.6B | $2.1B | ||
| Q2 24 | $8.8B | $2.1B | ||
| Q1 24 | $8.9B | $2.0B |
总资产DOCDT
| Q4 25 | $20.3B | $4.1B | ||
| Q3 25 | $19.6B | $4.1B | ||
| Q2 25 | $19.8B | $4.1B | ||
| Q1 25 | $19.8B | $4.1B | ||
| Q4 24 | $19.9B | $3.7B | ||
| Q3 24 | $20.0B | $3.3B | ||
| Q2 24 | $20.2B | $3.3B | ||
| Q1 24 | $20.5B | $3.4B |
负债/权益比DOCDT
| 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 | $1.3B | $33.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $27.2M |
| 自由现金流率自由现金流/营收 | 49.6% | 5.3% |
| 资本支出强度资本支出/营收 | 124.4% | 1.3% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.84× |
| 过去12个月自由现金流最近4个季度 | — | $465.5M |
8季度趋势，按日历期对齐
经营现金流DOCDT
| Q4 25 | $1.3B | $33.8M | ||
| Q3 25 | $315.0M | $32.0M | ||
| Q2 25 | $363.5M | $269.7M | ||
| Q1 25 | $279.4M | $162.8M | ||
| Q4 24 | $1.1B | $42.2M | ||
| Q3 24 | $318.2M | $23.6M | ||
| Q2 24 | $316.2M | $230.7M | ||
| Q1 24 | $152.6M | $131.7M |
自由现金流DOCDT
| Q4 25 | $357.0M | $27.2M | ||
| Q3 25 | — | $27.8M | ||
| Q2 25 | — | $262.2M | ||
| Q1 25 | — | $148.2M | ||
| Q4 24 | $333.7M | $37.6M | ||
| Q3 24 | — | $20.1M | ||
| Q2 24 | — | $227.4M | ||
| Q1 24 | — | $121.9M |
自由现金流率DOCDT
| Q4 25 | 49.6% | 5.3% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 54.9% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | 47.8% | 8.6% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 57.0% | ||
| Q1 24 | — | 32.0% |
资本支出强度DOCDT
| Q4 25 | 124.4% | 1.3% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 105.6% | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 2.6% |
现金转化率DOCDT
| Q4 25 | 10.99× | 0.84× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | 11.48× | 5.62× | ||
| Q1 25 | 6.52× | 4.14× | ||
| Q4 24 | 235.43× | 0.12× | ||
| Q3 24 | 3.71× | 0.54× | ||
| Q2 24 | 2.17× | 5.97× | ||
| Q1 24 | 22.85× | 3.47× |
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
DOC
暂无分部数据
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
