vs
Healthpeak Properties（DOC）与伊萨（ESAB）财务数据对比。点击上方公司名可切换其他公司
伊萨的季度营收约是Healthpeak Properties的1.0倍（$727.8M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 7.5%，领先65.6%），伊萨同比增速更快（8.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $70.3M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.8%）
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。
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
DOC vs ESAB — 直观对比
营收规模更大
ESAB
是对方的1.0倍
$719.4M
营收增速更快
ESAB
高出5.4%
3.1%
净利率更高
DOC
高出65.6%
7.5%
自由现金流更多
DOC
多$286.7M
$70.3M
两年增速更快
DOC
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $727.8M |
| 净利润 | $114.0M | $54.8M |
| 毛利率 | — | 37.0% |
| 营业利润率 | 17.4% | 14.6% |
| 净利率 | 73.2% | 7.5% |
| 营收同比 | 3.1% | 8.5% |
| 净利润同比 | 2406.4% | 2.1% |
| 每股收益（稀释后） | $0.16 | $0.90 |
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DOCESAB
| Q4 25 | $719.4M | $727.8M | ||
| Q3 25 | $705.9M | $715.6M | ||
| Q2 25 | $694.3M | $678.1M | ||
| Q1 25 | $702.9M | — | ||
| Q4 24 | $698.0M | $670.8M | ||
| Q3 24 | $700.4M | $673.3M | ||
| Q2 24 | $695.5M | $707.1M | ||
| Q1 24 | $606.6M | $689.7M |
净利润DOCESAB
| Q4 25 | $114.0M | $54.8M | ||
| Q3 25 | $-117.1M | $66.9M | ||
| Q2 25 | $31.7M | $67.4M | ||
| Q1 25 | $42.8M | — | ||
| Q4 24 | $4.5M | $53.7M | ||
| Q3 24 | $85.9M | $68.2M | ||
| Q2 24 | $146.0M | $82.9M | ||
| Q1 24 | $6.7M | $60.0M |
毛利率DOCESAB
| Q4 25 | — | 37.0% | ||
| Q3 25 | 58.6% | 37.2% | ||
| Q2 25 | 60.2% | 37.6% | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | 38.5% | ||
| Q3 24 | 60.0% | 37.7% | ||
| Q2 24 | 60.6% | 38.2% | ||
| Q1 24 | 59.8% | 37.0% |
营业利润率DOCESAB
| Q4 25 | 17.4% | 14.6% | ||
| Q3 25 | 9.2% | 15.2% | ||
| Q2 25 | 5.7% | 16.2% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | 16.6% | ||
| Q3 24 | 14.1% | 15.7% | ||
| Q2 24 | 22.3% | 16.9% | ||
| Q1 24 | 3.7% | 16.0% |
净利率DOCESAB
| Q4 25 | 73.2% | 7.5% | ||
| Q3 25 | -16.6% | 9.3% | ||
| Q2 25 | 4.6% | 9.9% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 0.7% | 8.0% | ||
| Q3 24 | 12.3% | 10.1% | ||
| Q2 24 | 21.0% | 11.7% | ||
| Q1 24 | 1.1% | 8.7% |
每股收益（稀释后）DOCESAB
| Q4 25 | $0.16 | $0.90 | ||
| Q3 25 | $-0.17 | $1.09 | ||
| Q2 25 | $0.05 | $1.10 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | $0.87 | ||
| Q3 24 | $0.12 | $1.11 | ||
| Q2 24 | $0.21 | $1.35 | ||
| Q1 24 | $0.01 | $0.98 |
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 | $218.2M |
| 总债务越低越好 | $9.8B | $1.3B |
| 股东权益账面价值 | $7.5B | $2.1B |
| 总资产 | $20.3B | $4.9B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资DOCESAB
| Q4 25 | $467.5M | $218.2M | ||
| Q3 25 | $91.0M | $258.2M | ||
| Q2 25 | $89.4M | $291.3M | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | $249.4M | ||
| Q3 24 | $180.4M | $253.7M | ||
| Q2 24 | $106.9M | $228.5M | ||
| Q1 24 | $101.8M | $76.5M |
总债务DOCESAB
| Q4 25 | $9.8B | $1.3B | ||
| Q3 25 | $9.1B | $1.1B | ||
| Q2 25 | $9.0B | $1.1B | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $1.1B | ||
| Q3 24 | $8.6B | $1.1B | ||
| Q2 24 | $8.6B | $1.1B | ||
| Q1 24 | $8.8B | $992.8M |
股东权益DOCESAB
| Q4 25 | $7.5B | $2.1B | ||
| Q3 25 | $7.6B | $2.1B | ||
| Q2 25 | $7.9B | $1.9B | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | $1.8B | ||
| Q3 24 | $8.6B | $1.8B | ||
| Q2 24 | $8.8B | $1.7B | ||
| Q1 24 | $8.9B | $1.6B |
总资产DOCESAB
| Q4 25 | $20.3B | $4.9B | ||
| Q3 25 | $19.6B | $4.4B | ||
| Q2 25 | $19.8B | $4.2B | ||
| Q1 25 | $19.8B | — | ||
| Q4 24 | $19.9B | $4.0B | ||
| Q3 24 | $20.0B | $4.1B | ||
| Q2 24 | $20.2B | $4.0B | ||
| Q1 24 | $20.5B | $3.8B |
负债/权益比DOCESAB
| Q4 25 | 1.31× | 0.63× | ||
| Q3 25 | 1.20× | 0.51× | ||
| Q2 25 | 1.14× | 0.55× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 0.60× | ||
| Q3 24 | 1.00× | 0.59× | ||
| Q2 24 | 0.98× | 0.63× | ||
| Q1 24 | 0.99× | 0.61× |
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 | $81.5M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $70.3M |
| 自由现金流率自由现金流/营收 | 49.6% | 9.7% |
| 资本支出强度资本支出/营收 | 124.4% | 1.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.49× |
| 过去12个月自由现金流最近4个季度 | — | $238.0M |
8季度趋势，按日历期对齐
经营现金流DOCESAB
| Q4 25 | $1.3B | $81.5M | ||
| Q3 25 | $315.0M | $46.6M | ||
| Q2 25 | $363.5M | $35.4M | ||
| Q1 25 | $279.4M | — | ||
| Q4 24 | $1.1B | $126.9M | ||
| Q3 24 | $318.2M | $101.0M | ||
| Q2 24 | $316.2M | $83.0M | ||
| Q1 24 | $152.6M | $44.5M |
自由现金流DOCESAB
| Q4 25 | $357.0M | $70.3M | ||
| Q3 25 | — | $37.4M | ||
| Q2 25 | — | $28.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | $102.2M | ||
| Q3 24 | — | $90.4M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $37.1M |
自由现金流率DOCESAB
| Q4 25 | 49.6% | 9.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | 15.2% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 5.4% |
资本支出强度DOCESAB
| Q4 25 | 124.4% | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | 3.7% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
现金转化率DOCESAB
| Q4 25 | 10.99× | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 11.48× | 0.53× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 2.36× | ||
| Q3 24 | 3.71× | 1.48× | ||
| Q2 24 | 2.17× | 1.00× | ||
| Q1 24 | 22.85× | 0.74× |
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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
