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Healthpeak Properties（DOC）与Fidelity National Financial, Inc.（FNF）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Fidelity National Financial, Inc.的1.3倍（$719.4M vs $544.0M），Healthpeak Properties净利率更高（73.2% vs -21.5%，领先94.7%），Fidelity National Financial, Inc.同比增速更快（10.3% vs 3.1%），过去两年Fidelity National Financial, Inc.的营收复合增速更高（13.7% 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。
富达国民金融是美国财富500强企业，主要面向房地产与抵押贷款行业提供产权保险及交割服务，2019年其产权及房地产业务相关年度营收约为84.69亿美元，是全球领先的产权保险服务供应商。
DOC vs FNF — 直观对比
营收规模更大
DOC
是对方的1.3倍
$544.0M
营收增速更快
FNF
高出7.3%
3.1%
净利率更高
DOC
高出94.7%
-21.5%
两年增速更快
FNF
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $544.0M |
| 净利润 | $114.0M | $-117.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 82.9% |
| 净利率 | 73.2% | -21.5% |
| 营收同比 | 3.1% | 10.3% |
| 净利润同比 | 2406.4% | -126.0% |
| 每股收益（稀释后） | $0.16 | $-0.44 |
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DOCFNF
| Q4 25 | $719.4M | $544.0M | ||
| Q3 25 | $705.9M | $553.0M | ||
| Q2 25 | $694.3M | $547.0M | ||
| Q1 25 | $702.9M | $455.0M | ||
| Q4 24 | $698.0M | $493.0M | ||
| Q3 24 | $700.4M | $506.0M | ||
| Q2 24 | $695.5M | $504.0M | ||
| Q1 24 | $606.6M | $421.0M |
净利润DOCFNF
| Q4 25 | $114.0M | $-117.0M | ||
| Q3 25 | $-117.1M | $358.0M | ||
| Q2 25 | $31.7M | $278.0M | ||
| Q1 25 | $42.8M | $83.0M | ||
| Q4 24 | $4.5M | $450.0M | ||
| Q3 24 | $85.9M | $266.0M | ||
| Q2 24 | $146.0M | $306.0M | ||
| Q1 24 | $6.7M | $248.0M |
毛利率DOCFNF
| 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DOCFNF
| Q4 25 | 17.4% | 82.9% | ||
| Q3 25 | 9.2% | 81.9% | ||
| Q2 25 | 5.7% | 69.8% | ||
| Q1 25 | 7.7% | 24.4% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | 61.9% | ||
| Q2 24 | 22.3% | 90.9% | ||
| Q1 24 | 3.7% | 78.6% |
净利率DOCFNF
| Q4 25 | 73.2% | -21.5% | ||
| Q3 25 | -16.6% | 64.7% | ||
| Q2 25 | 4.6% | 50.8% | ||
| Q1 25 | 6.1% | 18.2% | ||
| Q4 24 | 0.7% | 91.3% | ||
| Q3 24 | 12.3% | 52.6% | ||
| Q2 24 | 21.0% | 60.7% | ||
| Q1 24 | 1.1% | 58.9% |
每股收益（稀释后）DOCFNF
| Q4 25 | $0.16 | $-0.44 | ||
| Q3 25 | $-0.17 | $1.33 | ||
| Q2 25 | $0.05 | $1.02 | ||
| Q1 25 | $0.06 | $0.30 | ||
| Q4 24 | $0.02 | $1.65 | ||
| Q3 24 | $0.12 | $0.97 | ||
| Q2 24 | $0.21 | $1.12 | ||
| Q1 24 | $0.01 | $0.91 |
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 | $2.6B |
| 总债务越低越好 | $9.8B | $4.4B |
| 股东权益账面价值 | $7.5B | $7.4B |
| 总资产 | $20.3B | $109.0B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资DOCFNF
| Q4 25 | $467.5M | $2.6B | ||
| Q3 25 | $91.0M | $3.5B | ||
| Q2 25 | $89.4M | $3.3B | ||
| Q1 25 | $70.6M | $4.5B | ||
| Q4 24 | $119.8M | $3.5B | ||
| Q3 24 | $180.4M | $5.0B | ||
| Q2 24 | $106.9M | $4.9B | ||
| Q1 24 | $101.8M | $3.5B |
总债务DOCFNF
| Q4 25 | $9.8B | $4.4B | ||
| Q3 25 | $9.1B | $4.4B | ||
| Q2 25 | $9.0B | $4.4B | ||
| Q1 25 | $8.9B | $4.4B | ||
| Q4 24 | $8.7B | $4.3B | ||
| Q3 24 | $8.6B | $4.2B | ||
| Q2 24 | $8.6B | $4.2B | ||
| Q1 24 | $8.8B | $3.9B |
股东权益DOCFNF
| Q4 25 | $7.5B | $7.4B | ||
| Q3 25 | $7.6B | $8.4B | ||
| Q2 25 | $7.9B | $7.9B | ||
| Q1 25 | $8.2B | $7.9B | ||
| Q4 24 | $8.4B | $7.8B | ||
| Q3 24 | $8.6B | $8.1B | ||
| Q2 24 | $8.8B | $7.3B | ||
| Q1 24 | $8.9B | $7.1B |
总资产DOCFNF
| Q4 25 | $20.3B | $109.0B | ||
| Q3 25 | $19.6B | $106.6B | ||
| Q2 25 | $19.8B | $102.3B | ||
| Q1 25 | $19.8B | $98.2B | ||
| Q4 24 | $19.9B | $95.4B | ||
| Q3 24 | $20.0B | $94.7B | ||
| Q2 24 | $20.2B | $88.8B | ||
| Q1 24 | $20.5B | $84.5B |
负债/权益比DOCFNF
| Q4 25 | 1.31× | 0.59× | ||
| Q3 25 | 1.20× | 0.53× | ||
| Q2 25 | 1.14× | 0.56× | ||
| Q1 25 | 1.08× | 0.56× | ||
| Q4 24 | 1.04× | 0.56× | ||
| Q3 24 | 1.00× | 0.52× | ||
| Q2 24 | 0.98× | 0.58× | ||
| Q1 24 | 0.99× | 0.55× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCFNF
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $315.0M | $1.3B | ||
| Q2 25 | $363.5M | $1.9B | ||
| Q1 25 | $279.4M | $1.1B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $318.2M | $2.4B | ||
| Q2 24 | $316.2M | $1.4B | ||
| Q1 24 | $152.6M | $1.6B |
自由现金流DOCFNF
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCFNF
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCFNF
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCFNF
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 3.66× | ||
| Q2 25 | 11.48× | 6.82× | ||
| Q1 25 | 6.52× | 13.43× | ||
| Q4 24 | 235.43× | 3.32× | ||
| Q3 24 | 3.71× | 8.89× | ||
| Q2 24 | 2.17× | 4.45× | ||
| Q1 24 | 22.85× | 6.42× |
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
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
