vs
Healthpeak Properties（DOC）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是Healthpeak Properties的1.4倍（$1.0B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 3.5%，领先69.7%），FIVE BELOW, INC同比增速更快（23.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-133.2M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
DOC vs FIVE — 直观对比
营收规模更大
FIVE
是对方的1.4倍
$719.4M
营收增速更快
FIVE
高出20.0%
3.1%
净利率更高
DOC
高出69.7%
3.5%
自由现金流更多
DOC
多$490.2M
$-133.2M
两年增速更快
DOC
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.0B |
| 净利润 | $114.0M | $36.5M |
| 毛利率 | — | 33.8% |
| 营业利润率 | 17.4% | 4.2% |
| 净利率 | 73.2% | 3.5% |
| 营收同比 | 3.1% | 23.1% |
| 净利润同比 | 2406.4% | 2063.9% |
| 每股收益（稀释后） | $0.16 | $0.66 |
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DOCFIVE
| Q4 25 | $719.4M | $1.0B | ||
| Q3 25 | $705.9M | $1.0B | ||
| Q2 25 | $694.3M | $970.5M | ||
| Q1 25 | $702.9M | $1.4B | ||
| Q4 24 | $698.0M | $843.7M | ||
| Q3 24 | $700.4M | $830.1M | ||
| Q2 24 | $695.5M | $811.9M | ||
| Q1 24 | $606.6M | $1.3B |
净利润DOCFIVE
| Q4 25 | $114.0M | $36.5M | ||
| Q3 25 | $-117.1M | $42.8M | ||
| Q2 25 | $31.7M | $41.1M | ||
| Q1 25 | $42.8M | $187.5M | ||
| Q4 24 | $4.5M | $1.7M | ||
| Q3 24 | $85.9M | $33.0M | ||
| Q2 24 | $146.0M | $31.5M | ||
| Q1 24 | $6.7M | $202.2M |
毛利率DOCFIVE
| Q4 25 | — | 33.8% | ||
| Q3 25 | 58.6% | 33.3% | ||
| Q2 25 | 60.2% | 33.4% | ||
| Q1 25 | 61.1% | 40.2% | ||
| Q4 24 | 60.3% | 30.6% | ||
| Q3 24 | 60.0% | 32.7% | ||
| Q2 24 | 60.6% | 32.5% | ||
| Q1 24 | 59.8% | 41.2% |
营业利润率DOCFIVE
| Q4 25 | 17.4% | 4.2% | ||
| Q3 25 | 9.2% | 5.1% | ||
| Q2 25 | 5.7% | 5.2% | ||
| Q1 25 | 7.7% | 17.7% | ||
| Q4 24 | -2.2% | -0.1% | ||
| Q3 24 | 14.1% | 5.0% | ||
| Q2 24 | 22.3% | 4.5% | ||
| Q1 24 | 3.7% | 20.1% |
净利率DOCFIVE
| Q4 25 | 73.2% | 3.5% | ||
| Q3 25 | -16.6% | 4.2% | ||
| Q2 25 | 4.6% | 4.2% | ||
| Q1 25 | 6.1% | 13.5% | ||
| Q4 24 | 0.7% | 0.2% | ||
| Q3 24 | 12.3% | 4.0% | ||
| Q2 24 | 21.0% | 3.9% | ||
| Q1 24 | 1.1% | 15.1% |
每股收益（稀释后）DOCFIVE
| Q4 25 | $0.16 | $0.66 | ||
| Q3 25 | $-0.17 | $0.77 | ||
| Q2 25 | $0.05 | $0.75 | ||
| Q1 25 | $0.06 | $3.40 | ||
| Q4 24 | $0.02 | $0.03 | ||
| Q3 24 | $0.12 | $0.60 | ||
| Q2 24 | $0.21 | $0.57 | ||
| Q1 24 | $0.01 | $3.64 |
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 | $524.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $2.0B |
| 总资产 | $20.3B | $4.8B |
| 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DOCFIVE
| Q4 25 | $467.5M | $524.5M | ||
| Q3 25 | $91.0M | $670.2M | ||
| Q2 25 | $89.4M | $624.0M | ||
| Q1 25 | $70.6M | $528.8M | ||
| Q4 24 | $119.8M | $216.6M | ||
| Q3 24 | $180.4M | $327.7M | ||
| Q2 24 | $106.9M | $369.6M | ||
| Q1 24 | $101.8M | $460.1M |
总债务DOCFIVE
| 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DOCFIVE
| Q4 25 | $7.5B | $2.0B | ||
| Q3 25 | $7.6B | $1.9B | ||
| Q2 25 | $7.9B | $1.9B | ||
| Q1 25 | $8.2B | $1.8B | ||
| Q4 24 | $8.4B | $1.6B | ||
| Q3 24 | $8.6B | $1.6B | ||
| Q2 24 | $8.8B | $1.6B | ||
| Q1 24 | $8.9B | $1.6B |
总资产DOCFIVE
| Q4 25 | $20.3B | $4.8B | ||
| Q3 25 | $19.6B | $4.6B | ||
| Q2 25 | $19.8B | $4.5B | ||
| Q1 25 | $19.8B | $4.3B | ||
| Q4 24 | $19.9B | $4.2B | ||
| Q3 24 | $20.0B | $4.0B | ||
| Q2 24 | $20.2B | $3.9B | ||
| Q1 24 | $20.5B | $3.9B |
负债/权益比DOCFIVE
| 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 | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-133.2M |
| 自由现金流率自由现金流/营收 | 49.6% | -12.8% |
| 资本支出强度资本支出/营收 | 124.4% | 5.1% |
| 现金转化率经营现金流/净利润 | 10.99× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流DOCFIVE
| Q4 25 | $1.3B | $-80.1M | ||
| Q3 25 | $315.0M | $93.0M | ||
| Q2 25 | $363.5M | $132.7M | ||
| Q1 25 | $279.4M | $363.5M | ||
| Q4 24 | $1.1B | $-30.6M | ||
| Q3 24 | $318.2M | $71.3M | ||
| Q2 24 | $316.2M | $26.4M | ||
| Q1 24 | $152.6M | $407.7M |
自由现金流DOCFIVE
| Q4 25 | $357.0M | $-133.2M | ||
| Q3 25 | — | $48.3M | ||
| Q2 25 | — | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | $333.7M | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M | ||
| Q1 24 | — | $304.6M |
自由现金流率DOCFIVE
| Q4 25 | 49.6% | -12.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | 47.8% | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 22.8% |
资本支出强度DOCFIVE
| Q4 25 | 124.4% | 5.1% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 105.6% | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 7.7% |
现金转化率DOCFIVE
| Q4 25 | 10.99× | -2.19× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | 11.48× | 3.22× | ||
| Q1 25 | 6.52× | 1.94× | ||
| Q4 24 | 235.43× | -18.13× | ||
| Q3 24 | 3.71× | 2.16× | ||
| Q2 24 | 2.17× | 0.84× | ||
| Q1 24 | 22.85× | 2.02× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
