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Healthpeak Properties（DOC）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是六旗的1.1倍（$719.4M vs $650.1M），Healthpeak Properties净利率更高（73.2% vs -14.2%，领先87.4%），Healthpeak Properties自由现金流更多（$357.0M vs $-109.3M）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
DOC vs FUN — 直观对比
营收规模更大
DOC
是对方的1.1倍
$650.1M
净利率更高
DOC
高出87.4%
-14.2%
自由现金流更多
DOC
多$466.3M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $650.1M |
| 净利润 | $114.0M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | 17.4% | -3.8% |
| 净利率 | 73.2% | -14.2% |
| 营收同比 | 3.1% | — |
| 净利润同比 | 2406.4% | — |
| 每股收益（稀释后） | $0.16 | $-0.93 |
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DOCFUN
| Q4 25 | $719.4M | $650.1M | ||
| Q3 25 | $705.9M | $1.3B | ||
| Q2 25 | $694.3M | $930.4M | ||
| Q1 25 | $702.9M | $202.1M | ||
| Q4 24 | $698.0M | — | ||
| Q3 24 | $700.4M | $1.3B | ||
| Q2 24 | $695.5M | $571.6M | ||
| Q1 24 | $606.6M | — |
净利润DOCFUN
| Q4 25 | $114.0M | $-92.4M | ||
| Q3 25 | $-117.1M | $-1.2B | ||
| Q2 25 | $31.7M | $-99.6M | ||
| Q1 25 | $42.8M | $-219.7M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $85.9M | $111.0M | ||
| Q2 24 | $146.0M | $55.6M | ||
| Q1 24 | $6.7M | — |
毛利率DOCFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | 58.6% | 91.6% | ||
| Q2 25 | 60.2% | 91.3% | ||
| Q1 25 | 61.1% | 89.3% | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | 91.9% | ||
| Q2 24 | 60.6% | 90.7% | ||
| Q1 24 | 59.8% | — |
营业利润率DOCFUN
| Q4 25 | 17.4% | -3.8% | ||
| Q3 25 | 9.2% | -83.7% | ||
| Q2 25 | 5.7% | 8.0% | ||
| Q1 25 | 7.7% | -158.9% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | 19.5% | ||
| Q2 24 | 22.3% | 21.6% | ||
| Q1 24 | 3.7% | — |
净利率DOCFUN
| Q4 25 | 73.2% | -14.2% | ||
| Q3 25 | -16.6% | -90.1% | ||
| Q2 25 | 4.6% | -10.7% | ||
| Q1 25 | 6.1% | -108.7% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 12.3% | 8.2% | ||
| Q2 24 | 21.0% | 9.7% | ||
| Q1 24 | 1.1% | — |
每股收益（稀释后）DOCFUN
| Q4 25 | $0.16 | $-0.93 | ||
| Q3 25 | $-0.17 | $-11.77 | ||
| Q2 25 | $0.05 | $-0.99 | ||
| Q1 25 | $0.06 | $-2.20 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | $1.10 | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.01 | — |
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 | $91.1M |
| 总债务越低越好 | $9.8B | $5.2B |
| 股东权益账面价值 | $7.5B | $549.8M |
| 总资产 | $20.3B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.31× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资DOCFUN
| Q4 25 | $467.5M | $91.1M | ||
| Q3 25 | $91.0M | $70.7M | ||
| Q2 25 | $89.4M | $107.4M | ||
| Q1 25 | $70.6M | $61.5M | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | $89.7M | ||
| Q2 24 | $106.9M | $52.9M | ||
| Q1 24 | $101.8M | — |
总债务DOCFUN
| Q4 25 | $9.8B | $5.2B | ||
| Q3 25 | $9.1B | $5.0B | ||
| Q2 25 | $9.0B | $5.3B | ||
| Q1 25 | $8.9B | $5.0B | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | $4.6B | ||
| Q2 24 | $8.6B | $2.3B | ||
| Q1 24 | $8.8B | — |
股东权益DOCFUN
| Q4 25 | $7.5B | $549.8M | ||
| Q3 25 | $7.6B | $614.3M | ||
| Q2 25 | $7.9B | $1.8B | ||
| Q1 25 | $8.2B | $1.8B | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | $2.3B | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $8.9B | — |
总资产DOCFUN
| Q4 25 | $20.3B | $7.8B | ||
| Q3 25 | $19.6B | $7.9B | ||
| Q2 25 | $19.8B | $9.5B | ||
| Q1 25 | $19.8B | $9.2B | ||
| Q4 24 | $19.9B | — | ||
| Q3 24 | $20.0B | $9.4B | ||
| Q2 24 | $20.2B | $2.3B | ||
| Q1 24 | $20.5B | — |
负债/权益比DOCFUN
| Q4 25 | 1.31× | 9.40× | ||
| Q3 25 | 1.20× | 8.16× | ||
| Q2 25 | 1.14× | 2.97× | ||
| Q1 25 | 1.08× | 2.75× | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | 1.95× | ||
| 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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-109.3M |
| 自由现金流率自由现金流/营收 | 49.6% | -16.8% |
| 资本支出强度资本支出/营收 | 124.4% | 11.0% |
| 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 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流DOCFUN
| Q4 25 | $1.3B | $-37.7M | ||
| Q3 25 | $315.0M | $356.2M | ||
| Q2 25 | $363.5M | $187.0M | ||
| Q1 25 | $279.4M | $-178.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $318.2M | $337.4M | ||
| Q2 24 | $316.2M | — | ||
| Q1 24 | $152.6M | — |
自由现金流DOCFUN
| Q4 25 | $357.0M | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCFUN
| Q4 25 | 49.6% | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCFUN
| Q4 25 | 124.4% | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCFUN
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 3.04× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | — |
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
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
