vs
Healthpeak Properties（DOC）与FIRST HORIZON CORP（FHN）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是Healthpeak Properties的1.2倍（$888.0M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 29.4%，领先43.8%），FIRST HORIZON CORP同比增速更快（21.8% vs 3.1%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $357.0M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% 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。
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
DOC vs FHN — 直观对比
营收规模更大
FHN
是对方的1.2倍
$719.4M
营收增速更快
FHN
高出18.7%
3.1%
净利率更高
DOC
高出43.8%
29.4%
自由现金流更多
FHN
多$32.0M
$357.0M
两年增速更快
FHN
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $888.0M |
| 净利润 | $114.0M | $261.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 38.5% |
| 净利率 | 73.2% | 29.4% |
| 营收同比 | 3.1% | 21.8% |
| 净利润同比 | 2406.4% | 57.2% |
| 每股收益（稀释后） | $0.16 | $0.51 |
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DOCFHN
| Q4 25 | $719.4M | $888.0M | ||
| Q3 25 | $705.9M | $889.0M | ||
| Q2 25 | $694.3M | $830.0M | ||
| Q1 25 | $702.9M | $812.0M | ||
| Q4 24 | $698.0M | $729.0M | ||
| Q3 24 | $700.4M | $827.0M | ||
| Q2 24 | $695.5M | — | ||
| Q1 24 | $606.6M | $819.0M |
净利润DOCFHN
| Q4 25 | $114.0M | $261.0M | ||
| Q3 25 | $-117.1M | $262.0M | ||
| Q2 25 | $31.7M | $241.0M | ||
| Q1 25 | $42.8M | $218.0M | ||
| Q4 24 | $4.5M | $166.0M | ||
| Q3 24 | $85.9M | $218.0M | ||
| Q2 24 | $146.0M | — | ||
| Q1 24 | $6.7M | $192.0M |
毛利率DOCFHN
| 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DOCFHN
| Q4 25 | 17.4% | 38.5% | ||
| Q3 25 | 9.2% | 38.7% | ||
| Q2 25 | 5.7% | 37.2% | ||
| Q1 25 | 7.7% | 35.1% | ||
| Q4 24 | -2.2% | 28.8% | ||
| Q3 24 | 14.1% | 34.0% | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 3.7% | 31.0% |
净利率DOCFHN
| Q4 25 | 73.2% | 29.4% | ||
| Q3 25 | -16.6% | 29.5% | ||
| Q2 25 | 4.6% | 29.0% | ||
| Q1 25 | 6.1% | 26.8% | ||
| Q4 24 | 0.7% | 22.8% | ||
| Q3 24 | 12.3% | 26.4% | ||
| Q2 24 | 21.0% | — | ||
| Q1 24 | 1.1% | 23.4% |
每股收益（稀释后）DOCFHN
| Q4 25 | $0.16 | $0.51 | ||
| Q3 25 | $-0.17 | $0.50 | ||
| Q2 25 | $0.05 | $0.45 | ||
| Q1 25 | $0.06 | $0.41 | ||
| Q4 24 | $0.02 | $0.29 | ||
| Q3 24 | $0.12 | $0.40 | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.01 | $0.33 |
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 | — |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $8.8B |
| 总资产 | $20.3B | $83.9B |
| 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DOCFHN
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCFHN
| 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DOCFHN
| Q4 25 | $7.5B | $8.8B | ||
| Q3 25 | $7.6B | $8.9B | ||
| Q2 25 | $7.9B | $9.0B | ||
| Q1 25 | $8.2B | $8.7B | ||
| Q4 24 | $8.4B | $8.8B | ||
| Q3 24 | $8.6B | $9.0B | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $8.9B | $8.9B |
总资产DOCFHN
| Q4 25 | $20.3B | $83.9B | ||
| Q3 25 | $19.6B | $83.2B | ||
| Q2 25 | $19.8B | $82.1B | ||
| Q1 25 | $19.8B | $81.5B | ||
| Q4 24 | $19.9B | $82.2B | ||
| Q3 24 | $20.0B | $82.6B | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $20.5B | $81.8B |
负债/权益比DOCFHN
| 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 | $396.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $389.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 43.8% |
| 资本支出强度资本支出/营收 | 124.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.52× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流DOCFHN
| Q4 25 | $1.3B | $396.0M | ||
| Q3 25 | $315.0M | $-200.0M | ||
| Q2 25 | $363.5M | $83.0M | ||
| Q1 25 | $279.4M | $349.0M | ||
| Q4 24 | $1.1B | $191.0M | ||
| Q3 24 | $318.2M | $389.0M | ||
| Q2 24 | $316.2M | — | ||
| Q1 24 | $152.6M | $838.0M |
自由现金流DOCFHN
| Q4 25 | $357.0M | $389.0M | ||
| Q3 25 | — | $-208.0M | ||
| Q2 25 | — | $74.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $333.7M | $174.0M | ||
| Q3 24 | — | $383.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $828.0M |
自由现金流率DOCFHN
| Q4 25 | 49.6% | 43.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | 47.8% | 23.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 101.1% |
资本支出强度DOCFHN
| Q4 25 | 124.4% | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 105.6% | 2.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.2% |
现金转化率DOCFHN
| Q4 25 | 10.99× | 1.52× | ||
| Q3 25 | — | -0.76× | ||
| Q2 25 | 11.48× | 0.34× | ||
| Q1 25 | 6.52× | 1.60× | ||
| Q4 24 | 235.43× | 1.15× | ||
| Q3 24 | 3.71× | 1.78× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 4.36× |
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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
