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Healthpeak Properties（DOC）与Fortive（FTV）财务数据对比。点击上方公司名可切换其他公司
Fortive的季度营收约是Healthpeak Properties的1.5倍（$1.1B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 12.8%，领先60.4%），Fortive同比增速更快（7.7% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $193.8M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -17.0%）
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。
Fortive是总部位于美国华盛顿州埃弗里特的工业科技集团，专注于提供互联工作流解决方案所需的核心技术，研发、生产及销售专业工程类产品、软件与服务，旗下业务分为智能运营解决方案、精密技术、先进医疗解决方案三大战略板块。
DOC vs FTV — 直观对比
营收规模更大
FTV
是对方的1.5倍
$719.4M
营收增速更快
FTV
高出4.6%
3.1%
净利率更高
DOC
高出60.4%
12.8%
自由现金流更多
DOC
多$163.2M
$193.8M
两年增速更快
DOC
近两年复合增速
-17.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.1B |
| 净利润 | $114.0M | $136.4M |
| 毛利率 | — | 63.2% |
| 营业利润率 | 17.4% | 17.9% |
| 净利率 | 73.2% | 12.8% |
| 营收同比 | 3.1% | 7.7% |
| 净利润同比 | 2406.4% | 21.1% |
| 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DOCFTV
| Q1 26 | — | $1.1B | ||
| Q4 25 | $719.4M | $1.1B | ||
| Q3 25 | $705.9M | $1.0B | ||
| Q2 25 | $694.3M | $1.5B | ||
| Q1 25 | $702.9M | $1.5B | ||
| Q4 24 | $698.0M | $1.6B | ||
| Q3 24 | $700.4M | $1.5B | ||
| Q2 24 | $695.5M | $1.6B |
净利润DOCFTV
| Q1 26 | — | $136.4M | ||
| Q4 25 | $114.0M | $185.7M | ||
| Q3 25 | $-117.1M | $55.0M | ||
| Q2 25 | $31.7M | $166.6M | ||
| Q1 25 | $42.8M | $171.9M | ||
| Q4 24 | $4.5M | $208.8M | ||
| Q3 24 | $85.9M | $221.6M | ||
| Q2 24 | $146.0M | $195.1M |
毛利率DOCFTV
| Q1 26 | — | 63.2% | ||
| Q4 25 | — | 63.2% | ||
| Q3 25 | 58.6% | 63.2% | ||
| Q2 25 | 60.2% | 59.0% | ||
| Q1 25 | 61.1% | 59.8% | ||
| Q4 24 | 60.3% | 60.3% | ||
| Q3 24 | 60.0% | 60.0% | ||
| Q2 24 | 60.6% | 59.8% |
营业利润率DOCFTV
| Q1 26 | — | 17.9% | ||
| Q4 25 | 17.4% | 20.1% | ||
| Q3 25 | 9.2% | 15.5% | ||
| Q2 25 | 5.7% | 14.6% | ||
| Q1 25 | 7.7% | 15.8% | ||
| Q4 24 | -2.2% | 19.0% | ||
| Q3 24 | 14.1% | 19.3% | ||
| Q2 24 | 22.3% | 19.4% |
净利率DOCFTV
| Q1 26 | — | 12.8% | ||
| Q4 25 | 73.2% | 16.5% | ||
| Q3 25 | -16.6% | 5.4% | ||
| Q2 25 | 4.6% | 11.0% | ||
| Q1 25 | 6.1% | 11.7% | ||
| Q4 24 | 0.7% | 12.9% | ||
| Q3 24 | 12.3% | 14.4% | ||
| Q2 24 | 21.0% | 12.6% |
每股收益（稀释后）DOCFTV
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.16 | $0.60 | ||
| Q3 25 | $-0.17 | $0.16 | ||
| Q2 25 | $0.05 | $0.49 | ||
| Q1 25 | $0.06 | $0.50 | ||
| Q4 24 | $0.02 | $0.60 | ||
| Q3 24 | $0.12 | $0.63 | ||
| Q2 24 | $0.21 | $0.55 |
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 | $356.1M |
| 总债务越低越好 | $9.8B | $3.5B |
| 股东权益账面价值 | $7.5B | $6.1B |
| 总资产 | $20.3B | $11.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资DOCFTV
| Q1 26 | — | $356.1M | ||
| Q4 25 | $467.5M | $375.5M | ||
| Q3 25 | $91.0M | $430.8M | ||
| Q2 25 | $89.4M | $1.8B | ||
| Q1 25 | $70.6M | $892.1M | ||
| Q4 24 | $119.8M | $813.3M | ||
| Q3 24 | $180.4M | $811.3M | ||
| Q2 24 | $106.9M | $644.1M |
总债务DOCFTV
| Q1 26 | — | $3.5B | ||
| Q4 25 | $9.8B | $3.2B | ||
| Q3 25 | $9.1B | $3.3B | ||
| Q2 25 | $9.0B | $4.8B | ||
| Q1 25 | $8.9B | $3.9B | ||
| Q4 24 | $8.7B | $3.7B | ||
| Q3 24 | $8.6B | $3.9B | ||
| Q2 24 | $8.6B | $3.8B |
股东权益DOCFTV
| Q1 26 | — | $6.1B | ||
| Q4 25 | $7.5B | $6.5B | ||
| Q3 25 | $7.6B | $6.5B | ||
| Q2 25 | $7.9B | $10.4B | ||
| Q1 25 | $8.2B | $10.2B | ||
| Q4 24 | $8.4B | $10.2B | ||
| Q3 24 | $8.6B | $10.6B | ||
| Q2 24 | $8.8B | $10.5B |
总资产DOCFTV
| Q1 26 | — | $11.6B | ||
| Q4 25 | $20.3B | $11.7B | ||
| Q3 25 | $19.6B | $11.9B | ||
| Q2 25 | $19.8B | $18.2B | ||
| Q1 25 | $19.8B | $17.1B | ||
| Q4 24 | $19.9B | $17.0B | ||
| Q3 24 | $20.0B | $17.5B | ||
| Q2 24 | $20.2B | $17.3B |
负债/权益比DOCFTV
| Q1 26 | — | 0.57× | ||
| Q4 25 | 1.31× | 0.50× | ||
| Q3 25 | 1.20× | 0.51× | ||
| Q2 25 | 1.14× | 0.46× | ||
| Q1 25 | 1.08× | 0.38× | ||
| Q4 24 | 1.04× | 0.36× | ||
| Q3 24 | 1.00× | 0.37× | ||
| Q2 24 | 0.98× | 0.36× |
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 | $234.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $193.8M |
| 自由现金流率自由现金流/营收 | 49.6% | 18.1% |
| 资本支出强度资本支出/营收 | 124.4% | 2.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | $935.2M |
8季度趋势，按日历期对齐
经营现金流DOCFTV
| Q1 26 | — | $234.8M | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $315.0M | $164.4M | ||
| Q2 25 | $363.5M | $311.2M | ||
| Q1 25 | $279.4M | $241.7M | ||
| Q4 24 | $1.1B | $502.2M | ||
| Q3 24 | $318.2M | $459.0M | ||
| Q2 24 | $316.2M | $308.9M |
自由现金流DOCFTV
| Q1 26 | — | $193.8M | ||
| Q4 25 | $357.0M | $313.8M | ||
| Q3 25 | — | $153.1M | ||
| Q2 25 | — | $274.5M | ||
| Q1 25 | — | $215.0M | ||
| Q4 24 | $333.7M | $465.2M | ||
| Q3 24 | — | $431.2M | ||
| Q2 24 | — | $279.7M |
自由现金流率DOCFTV
| Q1 26 | — | 18.1% | ||
| Q4 25 | 49.6% | 28.0% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | 47.8% | 28.7% | ||
| Q3 24 | — | 28.1% | ||
| Q2 24 | — | 18.0% |
资本支出强度DOCFTV
| Q1 26 | — | 2.5% | ||
| Q4 25 | 124.4% | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | 105.6% | 2.3% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 1.9% |
现金转化率DOCFTV
| Q1 26 | — | 1.72× | ||
| Q4 25 | 10.99× | 5.83× | ||
| Q3 25 | — | 2.99× | ||
| Q2 25 | 11.48× | 1.87× | ||
| Q1 25 | 6.52× | 1.41× | ||
| Q4 24 | 235.43× | 2.41× | ||
| Q3 24 | 3.71× | 2.07× | ||
| Q2 24 | 2.17× | 1.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
