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Healthpeak Properties（DOC）与FORWARD AIR CORP（FWRD）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FORWARD AIR CORP的1.1倍（$719.4M vs $631.2M），Healthpeak Properties净利率更高（73.2% vs -4.5%，领先77.7%），Healthpeak Properties同比增速更快（3.1% vs -0.3%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.9%）
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。
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
DOC vs FWRD — 直观对比
营收规模更大
DOC
是对方的1.1倍
$631.2M
营收增速更快
DOC
高出3.3%
-0.3%
净利率更高
DOC
高出77.7%
-4.5%
两年增速更快
DOC
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $631.2M |
| 净利润 | $114.0M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | -0.5% |
| 净利率 | 73.2% | -4.5% |
| 营收同比 | 3.1% | -0.3% |
| 净利润同比 | 2406.4% | 22.2% |
| 每股收益（稀释后） | $0.16 | $-0.90 |
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DOCFWRD
| Q4 25 | $719.4M | $631.2M | ||
| Q3 25 | $705.9M | $631.8M | ||
| Q2 25 | $694.3M | $618.8M | ||
| Q1 25 | $702.9M | $613.3M | ||
| Q4 24 | $698.0M | $632.8M | ||
| Q3 24 | $700.4M | $655.9M | ||
| Q2 24 | $695.5M | $643.7M | ||
| Q1 24 | $606.6M | $541.8M |
净利润DOCFWRD
| Q4 25 | $114.0M | $-28.3M | ||
| Q3 25 | $-117.1M | $-16.3M | ||
| Q2 25 | $31.7M | $-12.6M | ||
| Q1 25 | $42.8M | $-50.6M | ||
| Q4 24 | $4.5M | $-36.4M | ||
| Q3 24 | $85.9M | $-73.4M | ||
| Q2 24 | $146.0M | $-645.4M | ||
| Q1 24 | $6.7M | $-61.7M |
毛利率DOCFWRD
| 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DOCFWRD
| Q4 25 | 17.4% | -0.5% | ||
| Q3 25 | 9.2% | 2.4% | ||
| Q2 25 | 5.7% | 3.2% | ||
| Q1 25 | 7.7% | 0.8% | ||
| Q4 24 | -2.2% | 12.0% | ||
| Q3 24 | 14.1% | 3.5% | ||
| Q2 24 | 22.3% | -170.2% | ||
| Q1 24 | 3.7% | -12.1% |
净利率DOCFWRD
| Q4 25 | 73.2% | -4.5% | ||
| Q3 25 | -16.6% | -2.6% | ||
| Q2 25 | 4.6% | -2.0% | ||
| Q1 25 | 6.1% | -8.3% | ||
| Q4 24 | 0.7% | -5.8% | ||
| Q3 24 | 12.3% | -11.2% | ||
| Q2 24 | 21.0% | -100.3% | ||
| Q1 24 | 1.1% | -11.4% |
每股收益（稀释后）DOCFWRD
| Q4 25 | $0.16 | $-0.90 | ||
| Q3 25 | $-0.17 | $-0.52 | ||
| Q2 25 | $0.05 | $-0.41 | ||
| Q1 25 | $0.06 | $-1.68 | ||
| Q4 24 | $0.02 | $-1.69 | ||
| Q3 24 | $0.12 | $-2.66 | ||
| Q2 24 | $0.21 | $-23.47 | ||
| Q1 24 | $0.01 | $-2.81 |
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 | $106.0M |
| 总债务越低越好 | $9.8B | $1.7B |
| 股东权益账面价值 | $7.5B | $113.3M |
| 总资产 | $20.3B | $2.7B |
| 负债/权益比越低杠杆越低 | 1.31× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资DOCFWRD
| Q4 25 | $467.5M | $106.0M | ||
| Q3 25 | $91.0M | $140.4M | ||
| Q2 25 | $89.4M | $95.1M | ||
| Q1 25 | $70.6M | $116.3M | ||
| Q4 24 | $119.8M | $104.9M | ||
| Q3 24 | $180.4M | $136.6M | ||
| Q2 24 | $106.9M | $84.9M | ||
| Q1 24 | $101.8M | $152.0M |
总债务DOCFWRD
| Q4 25 | $9.8B | $1.7B | ||
| Q3 25 | $9.1B | $1.7B | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | $1.7B |
股东权益DOCFWRD
| Q4 25 | $7.5B | $113.3M | ||
| Q3 25 | $7.6B | $139.8M | ||
| Q2 25 | $7.9B | $151.8M | ||
| Q1 25 | $8.2B | $154.6M | ||
| Q4 24 | $8.4B | $201.7M | ||
| Q3 24 | $8.6B | $226.1M | ||
| Q2 24 | $8.8B | $283.8M | ||
| Q1 24 | $8.9B | $926.1M |
总资产DOCFWRD
| Q4 25 | $20.3B | $2.7B | ||
| Q3 25 | $19.6B | $2.8B | ||
| Q2 25 | $19.8B | $2.8B | ||
| Q1 25 | $19.8B | $2.8B | ||
| Q4 24 | $19.9B | $2.8B | ||
| Q3 24 | $20.0B | $3.1B | ||
| Q2 24 | $20.2B | $3.1B | ||
| Q1 24 | $20.5B | $4.0B |
负债/权益比DOCFWRD
| Q4 25 | 1.31× | 14.89× | ||
| Q3 25 | 1.20× | 12.05× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 0.99× | 1.81× |
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 | — |
| 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% | 1.3% |
| 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DOCFWRD
| Q4 25 | $1.3B | — | ||
| Q3 25 | $315.0M | $52.7M | ||
| Q2 25 | $363.5M | — | ||
| Q1 25 | $279.4M | $27.6M | ||
| Q4 24 | $1.1B | $-23.2M | ||
| Q3 24 | $318.2M | $51.2M | ||
| Q2 24 | $316.2M | $-45.2M | ||
| Q1 24 | $152.6M | $-51.7M |
自由现金流DOCFWRD
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $48.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $15.7M | ||
| Q4 24 | $333.7M | $-30.5M | ||
| Q3 24 | — | $40.7M | ||
| Q2 24 | — | $-59.6M | ||
| Q1 24 | — | $-56.7M |
自由现金流率DOCFWRD
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 47.8% | -4.8% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | -9.3% | ||
| Q1 24 | — | -10.5% |
资本支出强度DOCFWRD
| Q4 25 | 124.4% | 1.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 105.6% | 1.1% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 0.9% |
现金转化率DOCFWRD
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| 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
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
