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Healthpeak Properties（DOC）与Frontdoor, Inc.（FTDR）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Frontdoor, Inc.的1.7倍（$719.4M vs $433.0M），Healthpeak Properties净利率更高（73.2% vs 0.2%，领先72.9%），Frontdoor, Inc.同比增速更快（13.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $94.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -10.6%）
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。
Frontdoor, Inc.是领先的家庭服务与保障平台，主要面向美国市场运营。其提供可定制的家庭保修计划，覆盖家电、暖通空调、管道、电气系统的维修更换，同时支持用户按需对接经预先审核的本地服务商，满足住宅维护及维修需求。
DOC vs FTDR — 直观对比
营收规模更大
DOC
是对方的1.7倍
$433.0M
营收增速更快
FTDR
高出10.0%
3.1%
净利率更高
DOC
高出72.9%
0.2%
自由现金流更多
DOC
多$263.0M
$94.0M
两年增速更快
DOC
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $433.0M |
| 净利润 | $114.0M | $1.0M |
| 毛利率 | — | 49.2% |
| 营业利润率 | 17.4% | — |
| 净利率 | 73.2% | 0.2% |
| 营收同比 | 3.1% | 13.1% |
| 净利润同比 | 2406.4% | — |
| 每股收益（稀释后） | $0.16 | $0.02 |
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DOCFTDR
| Q1 26 | — | $433.0M | ||
| Q4 25 | $719.4M | $432.0M | ||
| Q3 25 | $705.9M | $618.0M | ||
| Q2 25 | $694.3M | $617.0M | ||
| Q1 25 | $702.9M | $426.0M | ||
| Q4 24 | $698.0M | $383.0M | ||
| Q3 24 | $700.4M | $540.0M | ||
| Q2 24 | $695.5M | $542.0M |
净利润DOCFTDR
| Q1 26 | — | $1.0M | ||
| Q4 25 | $114.0M | $1.0M | ||
| Q3 25 | $-117.1M | $106.0M | ||
| Q2 25 | $31.7M | $111.0M | ||
| Q1 25 | $42.8M | $37.0M | ||
| Q4 24 | $4.5M | $9.0M | ||
| Q3 24 | $85.9M | $100.0M | ||
| Q2 24 | $146.0M | $92.0M |
毛利率DOCFTDR
| Q1 26 | — | 49.2% | ||
| Q4 25 | — | 49.3% | ||
| Q3 25 | 58.6% | 57.1% | ||
| Q2 25 | 60.2% | 57.7% | ||
| Q1 25 | 61.1% | 55.2% | ||
| Q4 24 | 60.3% | 48.0% | ||
| Q3 24 | 60.0% | 56.7% | ||
| Q2 24 | 60.6% | 56.5% |
营业利润率DOCFTDR
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | 0.5% | ||
| Q3 25 | 9.2% | 23.0% | ||
| Q2 25 | 5.7% | 23.7% | ||
| Q1 25 | 7.7% | 11.3% | ||
| Q4 24 | -2.2% | 1.6% | ||
| Q3 24 | 14.1% | 24.8% | ||
| Q2 24 | 22.3% | 22.9% |
净利率DOCFTDR
| Q1 26 | — | 0.2% | ||
| Q4 25 | 73.2% | 0.2% | ||
| Q3 25 | -16.6% | 17.2% | ||
| Q2 25 | 4.6% | 18.0% | ||
| Q1 25 | 6.1% | 8.7% | ||
| Q4 24 | 0.7% | 2.3% | ||
| Q3 24 | 12.3% | 18.5% | ||
| Q2 24 | 21.0% | 17.0% |
每股收益（稀释后）DOCFTDR
| Q1 26 | — | $0.02 | ||
| Q4 25 | $0.16 | $0.03 | ||
| Q3 25 | $-0.17 | $1.42 | ||
| Q2 25 | $0.05 | $1.48 | ||
| Q1 25 | $0.06 | $0.49 | ||
| Q4 24 | $0.02 | $0.10 | ||
| Q3 24 | $0.12 | $1.30 | ||
| Q2 24 | $0.21 | $1.18 |
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 | $566.0M |
| 总债务越低越好 | $9.8B | $1.2B |
| 股东权益账面价值 | $7.5B | $242.0M |
| 总资产 | $20.3B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.31× | 4.85× |
8季度趋势，按日历期对齐
现金及短期投资DOCFTDR
| Q1 26 | — | $566.0M | ||
| Q4 25 | $467.5M | $566.0M | ||
| Q3 25 | $91.0M | $563.0M | ||
| Q2 25 | $89.4M | $562.0M | ||
| Q1 25 | $70.6M | $506.0M | ||
| Q4 24 | $119.8M | $436.0M | ||
| Q3 24 | $180.4M | $375.0M | ||
| Q2 24 | $106.9M | $419.0M |
总债务DOCFTDR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $9.8B | $1.1B | ||
| Q3 25 | $9.1B | $1.2B | ||
| Q2 25 | $9.0B | $1.2B | ||
| Q1 25 | $8.9B | $1.2B | ||
| Q4 24 | $8.7B | $1.2B | ||
| Q3 24 | $8.6B | $565.0M | ||
| Q2 24 | $8.6B | $569.0M |
股东权益DOCFTDR
| Q1 26 | — | $242.0M | ||
| Q4 25 | $7.5B | $242.0M | ||
| Q3 25 | $7.6B | $316.0M | ||
| Q2 25 | $7.9B | $254.0M | ||
| Q1 25 | $8.2B | $198.0M | ||
| Q4 24 | $8.4B | $239.0M | ||
| Q3 24 | $8.6B | $261.0M | ||
| Q2 24 | $8.8B | $214.0M |
总资产DOCFTDR
| Q1 26 | — | $2.1B | ||
| Q4 25 | $20.3B | $2.1B | ||
| Q3 25 | $19.6B | $2.2B | ||
| Q2 25 | $19.8B | $2.2B | ||
| Q1 25 | $19.8B | $2.1B | ||
| Q4 24 | $19.9B | $2.1B | ||
| Q3 24 | $20.0B | $1.2B | ||
| Q2 24 | $20.2B | $1.2B |
负债/权益比DOCFTDR
| Q1 26 | — | 4.85× | ||
| Q4 25 | 1.31× | 4.73× | ||
| Q3 25 | 1.20× | 3.64× | ||
| Q2 25 | 1.14× | 4.56× | ||
| Q1 25 | 1.08× | 5.88× | ||
| Q4 24 | 1.04× | 4.90× | ||
| Q3 24 | 1.00× | 2.16× | ||
| Q2 24 | 0.98× | 2.66× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $94.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 21.7% |
| 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 | — | $367.0M |
8季度趋势，按日历期对齐
经营现金流DOCFTDR
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $101.0M | ||
| Q3 25 | $315.0M | $64.0M | ||
| Q2 25 | $363.5M | $127.0M | ||
| Q1 25 | $279.4M | $124.0M | ||
| Q4 24 | $1.1B | $58.0M | ||
| Q3 24 | $318.2M | $25.0M | ||
| Q2 24 | $316.2M | $103.0M |
自由现金流DOCFTDR
| Q1 26 | — | $94.0M | ||
| Q4 25 | $357.0M | $95.0M | ||
| Q3 25 | — | $58.0M | ||
| Q2 25 | — | $120.0M | ||
| Q1 25 | — | $117.0M | ||
| Q4 24 | $333.7M | $50.0M | ||
| Q3 24 | — | $16.0M | ||
| Q2 24 | — | $91.0M |
自由现金流率DOCFTDR
| Q1 26 | — | 21.7% | ||
| Q4 25 | 49.6% | 22.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | 47.8% | 13.1% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 16.8% |
资本支出强度DOCFTDR
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 1.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 105.6% | 2.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.2% |
现金转化率DOCFTDR
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 101.00× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | 11.48× | 1.14× | ||
| Q1 25 | 6.52× | 3.35× | ||
| Q4 24 | 235.43× | 6.44× | ||
| Q3 24 | 3.71× | 0.25× | ||
| Q2 24 | 2.17× | 1.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
