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Healthpeak Properties（DOC）与Elastic N.V.（ESTC）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Elastic N.V.的1.7倍（$719.4M vs $423.5M），Healthpeak Properties净利率更高（73.2% vs -12.1%，领先85.3%），Elastic N.V.同比增速更快（15.9% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $26.0M），过去两年Elastic N.V.的营收复合增速更高（13.6% 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。
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
DOC vs ESTC — 直观对比
营收规模更大
DOC
是对方的1.7倍
$423.5M
营收增速更快
ESTC
高出12.8%
3.1%
净利率更高
DOC
高出85.3%
-12.1%
自由现金流更多
DOC
多$331.0M
$26.0M
两年增速更快
ESTC
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $423.5M |
| 净利润 | $114.0M | $-51.3M |
| 毛利率 | — | 75.9% |
| 营业利润率 | 17.4% | -1.9% |
| 净利率 | 73.2% | -12.1% |
| 营收同比 | 3.1% | 15.9% |
| 净利润同比 | 2406.4% | -101.5% |
| 每股收益（稀释后） | $0.16 | $-0.48 |
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DOCESTC
| Q4 25 | $719.4M | $423.5M | ||
| Q3 25 | $705.9M | $415.3M | ||
| Q2 25 | $694.3M | $388.4M | ||
| Q1 25 | $702.9M | $382.1M | ||
| Q4 24 | $698.0M | $365.4M | ||
| Q3 24 | $700.4M | $347.4M | ||
| Q2 24 | $695.5M | $335.0M | ||
| Q1 24 | $606.6M | $328.0M |
净利润DOCESTC
| Q4 25 | $114.0M | $-51.3M | ||
| Q3 25 | $-117.1M | $-24.6M | ||
| Q2 25 | $31.7M | $-16.4M | ||
| Q1 25 | $42.8M | $-17.1M | ||
| Q4 24 | $4.5M | $-25.4M | ||
| Q3 24 | $85.9M | $-49.2M | ||
| Q2 24 | $146.0M | $-41.1M | ||
| Q1 24 | $6.7M | $176.1M |
毛利率DOCESTC
| Q4 25 | — | 75.9% | ||
| Q3 25 | 58.6% | 76.7% | ||
| Q2 25 | 60.2% | 74.8% | ||
| Q1 25 | 61.1% | 74.6% | ||
| Q4 24 | 60.3% | 74.5% | ||
| Q3 24 | 60.0% | 73.6% | ||
| Q2 24 | 60.6% | 73.8% | ||
| Q1 24 | 59.8% | 74.2% |
营业利润率DOCESTC
| Q4 25 | 17.4% | -1.9% | ||
| Q3 25 | 9.2% | -2.3% | ||
| Q2 25 | 5.7% | -3.1% | ||
| Q1 25 | 7.7% | -1.2% | ||
| Q4 24 | -2.2% | -1.2% | ||
| Q3 24 | 14.1% | -9.7% | ||
| Q2 24 | 22.3% | -13.6% | ||
| Q1 24 | 3.7% | -8.1% |
净利率DOCESTC
| Q4 25 | 73.2% | -12.1% | ||
| Q3 25 | -16.6% | -5.9% | ||
| Q2 25 | 4.6% | -4.2% | ||
| Q1 25 | 6.1% | -4.5% | ||
| Q4 24 | 0.7% | -7.0% | ||
| Q3 24 | 12.3% | -14.2% | ||
| Q2 24 | 21.0% | -12.3% | ||
| Q1 24 | 1.1% | 53.7% |
每股收益（稀释后）DOCESTC
| Q4 25 | $0.16 | $-0.48 | ||
| Q3 25 | $-0.17 | $-0.23 | ||
| Q2 25 | $0.05 | $-0.15 | ||
| Q1 25 | $0.06 | $-0.16 | ||
| Q4 24 | $0.02 | $-0.25 | ||
| Q3 24 | $0.12 | $-0.48 | ||
| Q2 24 | $0.21 | $-0.35 | ||
| Q1 24 | $0.01 | $1.69 |
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 | $1.4B |
| 总债务越低越好 | $9.8B | $570.3M |
| 股东权益账面价值 | $7.5B | $891.1M |
| 总资产 | $20.3B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资DOCESTC
| Q4 25 | $467.5M | $1.4B | ||
| Q3 25 | $91.0M | $1.5B | ||
| Q2 25 | $89.4M | $1.4B | ||
| Q1 25 | $70.6M | $584.0M | ||
| Q4 24 | $119.8M | $658.5M | ||
| Q3 24 | $180.4M | $594.9M | ||
| Q2 24 | $106.9M | $1.1B | ||
| Q1 24 | $101.8M | $526.9M |
总债务DOCESTC
| Q4 25 | $9.8B | $570.3M | ||
| Q3 25 | $9.1B | $570.0M | ||
| Q2 25 | $9.0B | $569.7M | ||
| Q1 25 | $8.9B | $569.4M | ||
| Q4 24 | $8.7B | $569.2M | ||
| Q3 24 | $8.6B | $568.9M | ||
| Q2 24 | $8.6B | $568.6M | ||
| Q1 24 | $8.8B | $568.3M |
股东权益DOCESTC
| Q4 25 | $7.5B | $891.1M | ||
| Q3 25 | $7.6B | $971.4M | ||
| Q2 25 | $7.9B | $927.2M | ||
| Q1 25 | $8.2B | $859.1M | ||
| Q4 24 | $8.4B | $811.5M | ||
| Q3 24 | $8.6B | $759.4M | ||
| Q2 24 | $8.8B | $738.2M | ||
| Q1 24 | $8.9B | $707.8M |
总资产DOCESTC
| Q4 25 | $20.3B | $2.5B | ||
| Q3 25 | $19.6B | $2.5B | ||
| Q2 25 | $19.8B | $2.6B | ||
| Q1 25 | $19.8B | $2.3B | ||
| Q4 24 | $19.9B | $2.2B | ||
| Q3 24 | $20.0B | $2.2B | ||
| Q2 24 | $20.2B | $2.2B | ||
| Q1 24 | $20.5B | $2.1B |
负债/权益比DOCESTC
| Q4 25 | 1.31× | 0.64× | ||
| Q3 25 | 1.20× | 0.59× | ||
| Q2 25 | 1.14× | 0.61× | ||
| Q1 25 | 1.08× | 0.66× | ||
| Q4 24 | 1.04× | 0.70× | ||
| Q3 24 | 1.00× | 0.75× | ||
| Q2 24 | 0.98× | 0.77× | ||
| Q1 24 | 0.99× | 0.80× |
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 | $26.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $26.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 6.1% |
| 资本支出强度资本支出/营收 | 124.4% | 0.1% |
| 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 | — | $302.3M |
8季度趋势，按日历期对齐
经营现金流DOCESTC
| Q4 25 | $1.3B | $26.6M | ||
| Q3 25 | $315.0M | $104.8M | ||
| Q2 25 | $363.5M | $87.0M | ||
| Q1 25 | $279.4M | $88.1M | ||
| Q4 24 | $1.1B | $38.4M | ||
| Q3 24 | $318.2M | $52.8M | ||
| Q2 24 | $316.2M | $60.9M | ||
| Q1 24 | $152.6M | $52.4M |
自由现金流DOCESTC
| Q4 25 | $357.0M | $26.0M | ||
| Q3 25 | — | $104.2M | ||
| Q2 25 | — | $84.9M | ||
| Q1 25 | — | $87.3M | ||
| Q4 24 | $333.7M | $37.7M | ||
| Q3 24 | — | $52.0M | ||
| Q2 24 | — | $60.1M | ||
| Q1 24 | — | $51.3M |
自由现金流率DOCESTC
| Q4 25 | 49.6% | 6.1% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | 47.8% | 10.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 15.6% |
资本支出强度DOCESTC
| Q4 25 | 124.4% | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 105.6% | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率DOCESTC
| 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× | 0.30× |
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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
