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Healthpeak Properties（DOC）与Acushnet Holdings Corp.（GOLF）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Acushnet Holdings Corp.的1.5倍（$719.4M vs $477.2M），Healthpeak Properties净利率更高（73.2% vs -7.3%，领先80.5%），Acushnet Holdings Corp.同比增速更快（7.2% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-23.3M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -17.9%）
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。
Acushnet Holdings Corp.是一家专注于高尔夫赛道的美国企业，旗下运营多个知名品牌，产品品类覆盖高尔夫专业器材、运动服饰及相关配件，为全球高尔夫运动爱好者提供多元化的相关产品选择。
DOC vs GOLF — 直观对比
营收规模更大
DOC
是对方的1.5倍
$477.2M
营收增速更快
GOLF
高出4.1%
3.1%
净利率更高
DOC
高出80.5%
-7.3%
自由现金流更多
DOC
多$380.3M
$-23.3M
两年增速更快
DOC
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $477.2M |
| 净利润 | $114.0M | $-34.9M |
| 毛利率 | — | 44.1% |
| 营业利润率 | 17.4% | -3.8% |
| 净利率 | 73.2% | -7.3% |
| 营收同比 | 3.1% | 7.2% |
| 净利润同比 | 2406.4% | -3027.3% |
| 每股收益（稀释后） | $0.16 | $-0.57 |
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DOCGOLF
| Q4 25 | $719.4M | $477.2M | ||
| Q3 25 | $705.9M | $657.7M | ||
| Q2 25 | $694.3M | $720.5M | ||
| Q1 25 | $702.9M | $703.4M | ||
| Q4 24 | $698.0M | $445.2M | ||
| Q3 24 | $700.4M | $620.5M | ||
| Q2 24 | $695.5M | $683.9M | ||
| Q1 24 | $606.6M | $707.6M |
净利润DOCGOLF
| Q4 25 | $114.0M | $-34.9M | ||
| Q3 25 | $-117.1M | $48.5M | ||
| Q2 25 | $31.7M | $75.6M | ||
| Q1 25 | $42.8M | $99.4M | ||
| Q4 24 | $4.5M | $-1.1M | ||
| Q3 24 | $85.9M | $56.2M | ||
| Q2 24 | $146.0M | $71.4M | ||
| Q1 24 | $6.7M | $87.8M |
毛利率DOCGOLF
| Q4 25 | — | 44.1% | ||
| Q3 25 | 58.6% | 48.5% | ||
| Q2 25 | 60.2% | 49.2% | ||
| Q1 25 | 61.1% | 47.9% | ||
| Q4 24 | 60.3% | 22.6% | ||
| Q3 24 | 60.0% | 54.4% | ||
| Q2 24 | 60.6% | 54.4% | ||
| Q1 24 | 59.8% | 53.4% |
营业利润率DOCGOLF
| Q4 25 | 17.4% | -3.8% | ||
| Q3 25 | 9.2% | 14.1% | ||
| Q2 25 | 5.7% | 15.2% | ||
| Q1 25 | 7.7% | 16.3% | ||
| Q4 24 | -2.2% | -1.2% | ||
| Q3 24 | 14.1% | 13.2% | ||
| Q2 24 | 22.3% | 15.5% | ||
| Q1 24 | 3.7% | 17.2% |
净利率DOCGOLF
| Q4 25 | 73.2% | -7.3% | ||
| Q3 25 | -16.6% | 7.4% | ||
| Q2 25 | 4.6% | 10.5% | ||
| Q1 25 | 6.1% | 14.1% | ||
| Q4 24 | 0.7% | -0.3% | ||
| Q3 24 | 12.3% | 9.1% | ||
| Q2 24 | 21.0% | 10.4% | ||
| Q1 24 | 1.1% | 12.4% |
每股收益（稀释后）DOCGOLF
| Q4 25 | $0.16 | $-0.57 | ||
| Q3 25 | $-0.17 | $0.81 | ||
| Q2 25 | $0.05 | $1.25 | ||
| Q1 25 | $0.06 | $1.62 | ||
| Q4 24 | $0.02 | $0.02 | ||
| Q3 24 | $0.12 | $0.89 | ||
| Q2 24 | $0.21 | $1.11 | ||
| Q1 24 | $0.01 | $1.35 |
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 | — |
| 总债务越低越好 | $9.8B | $926.2M |
| 股东权益账面价值 | $7.5B | $783.6M |
| 总资产 | $20.3B | $2.3B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资DOCGOLF
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCGOLF
| Q4 25 | $9.8B | $926.2M | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $753.1M | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCGOLF
| Q4 25 | $7.5B | $783.6M | ||
| Q3 25 | $7.6B | $852.3M | ||
| Q2 25 | $7.9B | $808.5M | ||
| Q1 25 | $8.2B | $780.3M | ||
| Q4 24 | $8.4B | $765.2M | ||
| Q3 24 | $8.6B | $863.9M | ||
| Q2 24 | $8.8B | $863.7M | ||
| Q1 24 | $8.9B | $883.7M |
总资产DOCGOLF
| Q4 25 | $20.3B | $2.3B | ||
| Q3 25 | $19.6B | $2.4B | ||
| Q2 25 | $19.8B | $2.4B | ||
| Q1 25 | $19.8B | $2.4B | ||
| Q4 24 | $19.9B | $2.2B | ||
| Q3 24 | $20.0B | $2.3B | ||
| Q2 24 | $20.2B | $2.3B | ||
| Q1 24 | $20.5B | $2.4B |
负债/权益比DOCGOLF
| Q4 25 | 1.31× | 1.18× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 0.98× | ||
| 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 | $-338.0K |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-23.3M |
| 自由现金流率自由现金流/营收 | 49.6% | -4.9% |
| 资本支出强度资本支出/营收 | 124.4% | 4.8% |
| 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 | — | $120.0M |
8季度趋势，按日历期对齐
经营现金流DOCGOLF
| Q4 25 | $1.3B | $-338.0K | ||
| Q3 25 | $315.0M | $163.1M | ||
| Q2 25 | $363.5M | $151.9M | ||
| Q1 25 | $279.4M | $-120.3M | ||
| Q4 24 | $1.1B | $-1.1M | ||
| Q3 24 | $318.2M | $144.1M | ||
| Q2 24 | $316.2M | $211.6M | ||
| Q1 24 | $152.6M | $-109.5M |
自由现金流DOCGOLF
| Q4 25 | $357.0M | $-23.3M | ||
| Q3 25 | — | $136.9M | ||
| Q2 25 | — | $138.0M | ||
| Q1 25 | — | $-131.5M | ||
| Q4 24 | $333.7M | $-33.2M | ||
| Q3 24 | — | $123.7M | ||
| Q2 24 | — | $196.8M | ||
| Q1 24 | — | $-116.8M |
自由现金流率DOCGOLF
| Q4 25 | 49.6% | -4.9% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | -18.7% | ||
| Q4 24 | 47.8% | -7.5% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | -16.5% |
资本支出强度DOCGOLF
| Q4 25 | 124.4% | 4.8% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 105.6% | 7.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCGOLF
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | 11.48× | 2.01× | ||
| Q1 25 | 6.52× | -1.21× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 2.56× | ||
| Q2 24 | 2.17× | 2.96× | ||
| Q1 24 | 22.85× | -1.25× |
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
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
