vs
Healthpeak Properties（DOC）与Graham Holdings Co（GHC）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是Healthpeak Properties的1.7倍（$1.3B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 8.7%，领先64.5%），Healthpeak Properties同比增速更快（3.1% vs 0.4%），Healthpeak Properties自由现金流更多（$357.0M vs $5.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 4.2%）
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。
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
DOC vs GHC — 直观对比
营收规模更大
GHC
是对方的1.7倍
$719.4M
营收增速更快
DOC
高出2.6%
0.4%
净利率更高
DOC
高出64.5%
8.7%
自由现金流更多
DOC
多$352.0M
$5.0M
两年增速更快
DOC
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.3B |
| 净利润 | $114.0M | $108.7M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 3.8% |
| 净利率 | 73.2% | 8.7% |
| 营收同比 | 3.1% | 0.4% |
| 净利润同比 | 2406.4% | -80.2% |
| 每股收益（稀释后） | $0.16 | $24.76 |
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DOCGHC
| Q4 25 | $719.4M | $1.3B | ||
| Q3 25 | $705.9M | $1.3B | ||
| Q2 25 | $694.3M | $1.2B | ||
| Q1 25 | $702.9M | $1.2B | ||
| Q4 24 | $698.0M | $1.2B | ||
| Q3 24 | $700.4M | $1.2B | ||
| Q2 24 | $695.5M | $1.2B | ||
| Q1 24 | $606.6M | $1.2B |
净利润DOCGHC
| Q4 25 | $114.0M | $108.7M | ||
| Q3 25 | $-117.1M | $122.9M | ||
| Q2 25 | $31.7M | $36.7M | ||
| Q1 25 | $42.8M | $23.9M | ||
| Q4 24 | $4.5M | $548.8M | ||
| Q3 24 | $85.9M | $72.5M | ||
| Q2 24 | $146.0M | $-21.0M | ||
| Q1 24 | $6.7M | $124.4M |
毛利率DOCGHC
| 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DOCGHC
| Q4 25 | 17.4% | 3.8% | ||
| Q3 25 | 9.2% | 5.2% | ||
| Q2 25 | 5.7% | 6.0% | ||
| Q1 25 | 7.7% | 4.1% | ||
| Q4 24 | -2.2% | 5.8% | ||
| Q3 24 | 14.1% | 6.8% | ||
| Q2 24 | 22.3% | 2.2% | ||
| Q1 24 | 3.7% | 3.1% |
净利率DOCGHC
| Q4 25 | 73.2% | 8.7% | ||
| Q3 25 | -16.6% | 9.6% | ||
| Q2 25 | 4.6% | 3.0% | ||
| Q1 25 | 6.1% | 2.0% | ||
| Q4 24 | 0.7% | 44.1% | ||
| Q3 24 | 12.3% | 6.0% | ||
| Q2 24 | 21.0% | -1.8% | ||
| Q1 24 | 1.1% | 10.8% |
每股收益（稀释后）DOCGHC
| Q4 25 | $0.16 | $24.76 | ||
| Q3 25 | $-0.17 | $27.91 | ||
| Q2 25 | $0.05 | $8.35 | ||
| Q1 25 | $0.06 | $5.45 | ||
| Q4 24 | $0.02 | $124.05 | ||
| Q3 24 | $0.12 | $16.42 | ||
| Q2 24 | $0.21 | $-4.79 | ||
| Q1 24 | $0.01 | $27.72 |
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 | $267.0M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $4.8B |
| 总资产 | $20.3B | $8.4B |
| 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DOCGHC
| Q4 25 | $467.5M | $267.0M | ||
| Q3 25 | $91.0M | $190.8M | ||
| Q2 25 | $89.4M | $176.2M | ||
| Q1 25 | $70.6M | $156.7M | ||
| Q4 24 | $119.8M | $260.9M | ||
| Q3 24 | $180.4M | $244.4M | ||
| Q2 24 | $106.9M | $140.7M | ||
| Q1 24 | $101.8M | $130.9M |
总债务DOCGHC
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCGHC
| Q4 25 | $7.5B | $4.8B | ||
| Q3 25 | $7.6B | $4.5B | ||
| Q2 25 | $7.9B | $4.4B | ||
| Q1 25 | $8.2B | $4.3B | ||
| Q4 24 | $8.4B | $4.3B | ||
| Q3 24 | $8.6B | $4.0B | ||
| Q2 24 | $8.8B | $4.0B | ||
| Q1 24 | $8.9B | $4.0B |
总资产DOCGHC
| Q4 25 | $20.3B | $8.4B | ||
| Q3 25 | $19.6B | $7.9B | ||
| Q2 25 | $19.8B | $7.6B | ||
| Q1 25 | $19.8B | $7.6B | ||
| Q4 24 | $19.9B | $7.7B | ||
| Q3 24 | $20.0B | $7.4B | ||
| Q2 24 | $20.2B | $7.2B | ||
| Q1 24 | $20.5B | $7.3B |
负债/权益比DOCGHC
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $5.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 0.4% |
| 资本支出强度资本支出/营收 | 124.4% | 1.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.26× |
| 过去12个月自由现金流最近4个季度 | — | $275.3M |
8季度趋势，按日历期对齐
经营现金流DOCGHC
| Q4 25 | $1.3B | $28.3M | ||
| Q3 25 | $315.0M | $178.1M | ||
| Q2 25 | $363.5M | $94.8M | ||
| Q1 25 | $279.4M | $46.0M | ||
| Q4 24 | $1.1B | $116.3M | ||
| Q3 24 | $318.2M | $237.6M | ||
| Q2 24 | $316.2M | $52.0M | ||
| Q1 24 | $152.6M | $1.1M |
自由现金流DOCGHC
| Q4 25 | $357.0M | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | $333.7M | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
自由现金流率DOCGHC
| Q4 25 | 49.6% | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 47.8% | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
资本支出强度DOCGHC
| Q4 25 | 124.4% | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 105.6% | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
现金转化率DOCGHC
| Q4 25 | 10.99× | 0.26× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 11.48× | 2.58× | ||
| Q1 25 | 6.52× | 1.93× | ||
| Q4 24 | 235.43× | 0.21× | ||
| Q3 24 | 3.71× | 3.28× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 0.01× |
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
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
