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Healthpeak Properties（DOC）与GENESIS ENERGY LP（GEL）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GENESIS ENERGY LP的1.6倍（$719.4M vs $440.8M），Healthpeak Properties净利率更高（73.2% vs 4.5%，领先68.7%），GENESIS ENERGY LP同比增速更快（10.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $87.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 0.7%）
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。
Genesis Energy LP是一家总部位于美国的中游能源合伙企业，主营原油、天然气、成品油及特种工业原料的基础设施运营与物流服务，旗下资产涵盖管道、仓储码头、海运设施及铁路物流枢纽，为北美地区的炼油厂、工业客户及能源分销商提供服务。
DOC vs GEL — 直观对比
营收规模更大
DOC
是对方的1.6倍
$440.8M
营收增速更快
GEL
高出7.4%
3.1%
净利率更高
DOC
高出68.7%
4.5%
自由现金流更多
DOC
多$270.0M
$87.0M
两年增速更快
DOC
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $440.8M |
| 净利润 | $114.0M | $19.9M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 20.4% |
| 净利率 | 73.2% | 4.5% |
| 营收同比 | 3.1% | 10.5% |
| 净利润同比 | 2406.4% | 140.2% |
| 每股收益（稀释后） | $0.16 | $0.04 |
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DOCGEL
| Q4 25 | $719.4M | $440.8M | ||
| Q3 25 | $705.9M | $414.0M | ||
| Q2 25 | $694.3M | $377.3M | ||
| Q1 25 | $702.9M | $398.3M | ||
| Q4 24 | $698.0M | $398.9M | ||
| Q3 24 | $700.4M | $397.3M | ||
| Q2 24 | $695.5M | $430.2M | ||
| Q1 24 | $606.6M | $434.4M |
净利润DOCGEL
| Q4 25 | $114.0M | $19.9M | ||
| Q3 25 | $-117.1M | $9.2M | ||
| Q2 25 | $31.7M | $-406.0K | ||
| Q1 25 | $42.8M | $-469.1M | ||
| Q4 24 | $4.5M | $-49.4M | ||
| Q3 24 | $85.9M | $-17.2M | ||
| Q2 24 | $146.0M | $-8.7M | ||
| Q1 24 | $6.7M | $11.4M |
毛利率DOCGEL
| 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DOCGEL
| Q4 25 | 17.4% | 20.4% | ||
| Q3 25 | 9.2% | 19.0% | ||
| Q2 25 | 5.7% | 17.9% | ||
| Q1 25 | 7.7% | 5.5% | ||
| Q4 24 | -2.2% | 3.4% | ||
| Q3 24 | 14.1% | 12.2% | ||
| Q2 24 | 22.3% | 11.6% | ||
| Q1 24 | 3.7% | 13.4% |
净利率DOCGEL
| Q4 25 | 73.2% | 4.5% | ||
| Q3 25 | -16.6% | 2.2% | ||
| Q2 25 | 4.6% | -0.1% | ||
| Q1 25 | 6.1% | -117.8% | ||
| Q4 24 | 0.7% | -12.4% | ||
| Q3 24 | 12.3% | -4.3% | ||
| Q2 24 | 21.0% | -2.0% | ||
| Q1 24 | 1.1% | 2.6% |
每股收益（稀释后）DOCGEL
| Q4 25 | $0.16 | $0.04 | ||
| Q3 25 | $-0.17 | $-0.05 | ||
| Q2 25 | $0.05 | $-0.12 | ||
| Q1 25 | $0.06 | $-4.06 | ||
| Q4 24 | $0.02 | $-0.58 | ||
| Q3 24 | $0.12 | $-0.32 | ||
| Q2 24 | $0.21 | $-0.25 | ||
| Q1 24 | $0.01 | $-0.09 |
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 | $6.4M |
| 总债务越低越好 | $9.8B | $3.0B |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | $4.9B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资DOCGEL
| Q4 25 | $467.5M | $6.4M | ||
| Q3 25 | $91.0M | $4.9M | ||
| Q2 25 | $89.4M | $4.5M | ||
| Q1 25 | $70.6M | $377.4M | ||
| Q4 24 | $119.8M | $7.4M | ||
| Q3 24 | $180.4M | $13.0M | ||
| Q2 24 | $106.9M | $13.7M | ||
| Q1 24 | $101.8M | $7.0M |
总债务DOCGEL
| Q4 25 | $9.8B | $3.0B | ||
| Q3 25 | $9.1B | $3.1B | ||
| Q2 25 | $9.0B | $3.1B | ||
| Q1 25 | $8.9B | $3.4B | ||
| Q4 24 | $8.7B | $3.7B | ||
| Q3 24 | $8.6B | $4.0B | ||
| Q2 24 | $8.6B | $3.9B | ||
| Q1 24 | $8.8B | $3.8B |
股东权益DOCGEL
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $8.9B | — |
总资产DOCGEL
| Q4 25 | $20.3B | $4.9B | ||
| Q3 25 | $19.6B | $4.9B | ||
| Q2 25 | $19.8B | $4.8B | ||
| Q1 25 | $19.8B | $5.2B | ||
| Q4 24 | $19.9B | $7.0B | ||
| Q3 24 | $20.0B | $7.1B | ||
| Q2 24 | $20.2B | $7.0B | ||
| Q1 24 | $20.5B | $6.9B |
负债/权益比DOCGEL
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| 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 | $110.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $87.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 19.7% |
| 资本支出强度资本支出/营收 | 124.4% | 5.4% |
| 现金转化率经营现金流/净利润 | 10.99× | 5.58× |
| 过去12个月自由现金流最近4个季度 | — | $65.9M |
8季度趋势，按日历期对齐
经营现金流DOCGEL
| Q4 25 | $1.3B | $110.8M | ||
| Q3 25 | $315.0M | $70.3M | ||
| Q2 25 | $363.5M | $47.0M | ||
| Q1 25 | $279.4M | $24.8M | ||
| Q4 24 | $1.1B | $74.0M | ||
| Q3 24 | $318.2M | $87.3M | ||
| Q2 24 | $316.2M | $104.7M | ||
| Q1 24 | $152.6M | $125.9M |
自由现金流DOCGEL
| Q4 25 | $357.0M | $87.0M | ||
| Q3 25 | — | $43.3M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $-56.8M | ||
| Q4 24 | $333.7M | $-47.1M | ||
| Q3 24 | — | $-32.3M | ||
| Q2 24 | — | $-67.5M | ||
| Q1 24 | — | $-48.3M |
自由现金流率DOCGEL
| Q4 25 | 49.6% | 19.7% | ||
| Q3 25 | — | 10.5% | ||
| Q2 25 | — | -2.0% | ||
| Q1 25 | — | -14.3% | ||
| Q4 24 | 47.8% | -11.8% | ||
| Q3 24 | — | -8.1% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -11.1% |
资本支出强度DOCGEL
| Q4 25 | 124.4% | 5.4% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 14.5% | ||
| Q1 25 | — | 20.5% | ||
| Q4 24 | 105.6% | 30.3% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 40.0% | ||
| Q1 24 | — | 40.1% |
现金转化率DOCGEL
| Q4 25 | 10.99× | 5.58× | ||
| Q3 25 | — | 7.63× | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 11.09× |
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
GEL
| Onshore Facilities And Transportation Revenue | $204.2M | 46% |
| Offshore Pipeline Transportation Revenue | $154.3M | 35% |
| Marine Transportation Revenue | $82.2M | 19% |
