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Healthpeak Properties（DOC）与Hess Midstream LP（HESM）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Hess Midstream LP的1.8倍（$719.4M vs $404.2M），Healthpeak Properties净利率更高（73.2% vs 23.1%，领先50.1%），Healthpeak Properties同比增速更快（3.1% vs 2.1%），Healthpeak Properties自由现金流更多（$357.0M vs $178.9M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 6.6%）
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。
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
DOC vs HESM — 直观对比
营收规模更大
DOC
是对方的1.8倍
$404.2M
营收增速更快
DOC
高出1.0%
2.1%
净利率更高
DOC
高出50.1%
23.1%
自由现金流更多
DOC
多$178.1M
$178.9M
两年增速更快
DOC
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $404.2M |
| 净利润 | $114.0M | $93.3M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 62.2% |
| 净利率 | 73.2% | 23.1% |
| 营收同比 | 3.1% | 2.1% |
| 净利润同比 | 2406.4% | 32.5% |
| 每股收益（稀释后） | $0.16 | — |
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DOCHESM
| Q4 25 | $719.4M | $404.2M | ||
| Q3 25 | $705.9M | $420.9M | ||
| Q2 25 | $694.3M | $414.2M | ||
| Q1 25 | $702.9M | $382.0M | ||
| Q4 24 | $698.0M | $395.9M | ||
| Q3 24 | $700.4M | $378.5M | ||
| Q2 24 | $695.5M | $365.5M | ||
| Q1 24 | $606.6M | $355.6M |
净利润DOCHESM
| Q4 25 | $114.0M | $93.3M | ||
| Q3 25 | $-117.1M | $97.7M | ||
| Q2 25 | $31.7M | $90.3M | ||
| Q1 25 | $42.8M | $71.6M | ||
| Q4 24 | $4.5M | $70.4M | ||
| Q3 24 | $85.9M | $58.6M | ||
| Q2 24 | $146.0M | $49.5M | ||
| Q1 24 | $6.7M | $44.6M |
毛利率DOCHESM
| 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DOCHESM
| Q4 25 | 17.4% | 62.2% | ||
| Q3 25 | 9.2% | 61.5% | ||
| Q2 25 | 5.7% | 62.8% | ||
| Q1 25 | 7.7% | 62.1% | ||
| Q4 24 | -2.2% | 61.4% | ||
| Q3 24 | 14.1% | 61.2% | ||
| Q2 24 | 22.3% | 60.8% | ||
| Q1 24 | 3.7% | 62.4% |
净利率DOCHESM
| Q4 25 | 73.2% | 23.1% | ||
| Q3 25 | -16.6% | 23.2% | ||
| Q2 25 | 4.6% | 21.8% | ||
| Q1 25 | 6.1% | 18.7% | ||
| Q4 24 | 0.7% | 17.8% | ||
| Q3 24 | 12.3% | 15.5% | ||
| Q2 24 | 21.0% | 13.5% | ||
| Q1 24 | 1.1% | 12.5% |
每股收益（稀释后）DOCHESM
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | — | ||
| 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 | $1.9M |
| 总债务越低越好 | $9.8B | $3.8B |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | $4.4B |
| 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DOCHESM
| Q4 25 | $467.5M | $1.9M | ||
| Q3 25 | $91.0M | $5.5M | ||
| Q2 25 | $89.4M | $4.5M | ||
| Q1 25 | $70.6M | $6.1M | ||
| Q4 24 | $119.8M | $4.3M | ||
| Q3 24 | $180.4M | $10.3M | ||
| Q2 24 | $106.9M | $99.6M | ||
| Q1 24 | $101.8M | $4.2M |
总债务DOCHESM
| Q4 25 | $9.8B | $3.8B | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $3.5B | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCHESM
| 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DOCHESM
| Q4 25 | $20.3B | $4.4B | ||
| Q3 25 | $19.6B | $4.4B | ||
| Q2 25 | $19.8B | $4.4B | ||
| Q1 25 | $19.8B | $4.3B | ||
| Q4 24 | $19.9B | $4.2B | ||
| Q3 24 | $20.0B | $4.1B | ||
| Q2 24 | $20.2B | $4.1B | ||
| Q1 24 | $20.5B | $3.9B |
负债/权益比DOCHESM
| 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 | $245.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $178.9M |
| 自由现金流率自由现金流/营收 | 49.6% | 44.3% |
| 资本支出强度资本支出/营收 | 124.4% | 16.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.63× |
| 过去12个月自由现金流最近4个季度 | — | $728.2M |
8季度趋势，按日历期对齐
经营现金流DOCHESM
| Q4 25 | $1.3B | $245.6M | ||
| Q3 25 | $315.0M | $258.9M | ||
| Q2 25 | $363.5M | $276.9M | ||
| Q1 25 | $279.4M | $202.4M | ||
| Q4 24 | $1.1B | $258.5M | ||
| Q3 24 | $318.2M | $224.9M | ||
| Q2 24 | $316.2M | $271.6M | ||
| Q1 24 | $152.6M | $185.3M |
自由现金流DOCHESM
| Q4 25 | $357.0M | $178.9M | ||
| Q3 25 | — | $178.9M | ||
| Q2 25 | — | $213.5M | ||
| Q1 25 | — | $156.9M | ||
| Q4 24 | $333.7M | $163.4M | ||
| Q3 24 | — | $132.6M | ||
| Q2 24 | — | $207.7M | ||
| Q1 24 | — | $130.5M |
自由现金流率DOCHESM
| Q4 25 | 49.6% | 44.3% | ||
| Q3 25 | — | 42.5% | ||
| Q2 25 | — | 51.5% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | 47.8% | 41.3% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 56.8% | ||
| Q1 24 | — | 36.7% |
资本支出强度DOCHESM
| Q4 25 | 124.4% | 16.5% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | 105.6% | 24.0% | ||
| Q3 24 | — | 24.4% | ||
| Q2 24 | — | 17.5% | ||
| Q1 24 | — | 15.4% |
现金转化率DOCHESM
| Q4 25 | 10.99× | 2.63× | ||
| Q3 25 | — | 2.65× | ||
| Q2 25 | 11.48× | 3.07× | ||
| Q1 25 | 6.52× | 2.83× | ||
| Q4 24 | 235.43× | 3.67× | ||
| Q3 24 | 3.71× | 3.84× | ||
| Q2 24 | 2.17× | 5.49× | ||
| Q1 24 | 22.85× | 4.15× |
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
HESM
| Gathering | $217.3M | 54% |
| Processing And Storage | $154.7M | 38% |
| Terminaling And Export | $32.2M | 8% |
