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Healthpeak Properties（DOC）与Hagerty, Inc.（HGTY）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Hagerty, Inc.的1.9倍（$719.4M vs $388.1M），Healthpeak Properties净利率更高（73.2% vs 7.4%，领先65.8%），Hagerty, Inc.同比增速更快（16.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $194.5M），过去两年Hagerty, Inc.的营收复合增速更高（19.5% vs 8.9%）
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。
哈格蒂（Hagerty, Inc.）是美国知名汽车生活方式及会员服务企业，同时是全球规模最大的经典老爷车特种保险供应商，总部位于密歇根州特拉弗斯城，业务范围覆盖加拿大、德国及英国市场。
DOC vs HGTY — 直观对比
营收规模更大
DOC
是对方的1.9倍
$388.1M
营收增速更快
HGTY
高出13.4%
3.1%
净利率更高
DOC
高出65.8%
7.4%
自由现金流更多
DOC
多$162.6M
$194.5M
两年增速更快
HGTY
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $388.1M |
| 净利润 | $114.0M | $28.6M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 10.2% |
| 净利率 | 73.2% | 7.4% |
| 营收同比 | 3.1% | 16.5% |
| 净利润同比 | 2406.4% | 238.4% |
| 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DOCHGTY
| Q4 25 | $719.4M | $388.1M | ||
| Q3 25 | $705.9M | $380.0M | ||
| Q2 25 | $694.3M | $368.7M | ||
| Q1 25 | $702.9M | $319.6M | ||
| Q4 24 | $698.0M | $333.2M | ||
| Q3 24 | $700.4M | $323.4M | ||
| Q2 24 | $695.5M | $313.2M | ||
| Q1 24 | $606.6M | $271.7M |
净利润DOCHGTY
| Q4 25 | $114.0M | $28.6M | ||
| Q3 25 | $-117.1M | $46.2M | ||
| Q2 25 | $31.7M | $47.2M | ||
| Q1 25 | $42.8M | $27.3M | ||
| Q4 24 | $4.5M | $8.4M | ||
| Q3 24 | $85.9M | $19.0M | ||
| Q2 24 | $146.0M | $42.7M | ||
| Q1 24 | $6.7M | $8.2M |
毛利率DOCHGTY
| 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DOCHGTY
| Q4 25 | 17.4% | 10.2% | ||
| Q3 25 | 9.2% | 9.0% | ||
| Q2 25 | 5.7% | 12.9% | ||
| Q1 25 | 7.7% | 8.1% | ||
| Q4 24 | -2.2% | 1.8% | ||
| Q3 24 | 14.1% | 3.1% | ||
| Q2 24 | 22.3% | 12.2% | ||
| Q1 24 | 3.7% | 4.5% |
净利率DOCHGTY
| Q4 25 | 73.2% | 7.4% | ||
| Q3 25 | -16.6% | 12.2% | ||
| Q2 25 | 4.6% | 12.8% | ||
| Q1 25 | 6.1% | 8.5% | ||
| Q4 24 | 0.7% | 2.5% | ||
| Q3 24 | 12.3% | 5.9% | ||
| Q2 24 | 21.0% | 13.6% | ||
| Q1 24 | 1.1% | 3.0% |
每股收益（稀释后）DOCHGTY
| 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 | $160.2M |
| 总债务越低越好 | $9.8B | $177.9M |
| 股东权益账面价值 | $7.5B | $221.3M |
| 总资产 | $20.3B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资DOCHGTY
| Q4 25 | $467.5M | $160.2M | ||
| Q3 25 | $91.0M | $290.5M | ||
| Q2 25 | $89.4M | $259.6M | ||
| Q1 25 | $70.6M | $232.7M | ||
| Q4 24 | $119.8M | $178.7M | ||
| Q3 24 | $180.4M | $208.9M | ||
| Q2 24 | $106.9M | $186.4M | ||
| Q1 24 | $101.8M | $131.2M |
总债务DOCHGTY
| Q4 25 | $9.8B | $177.9M | ||
| Q3 25 | $9.1B | $104.4M | ||
| Q2 25 | $9.0B | $153.4M | ||
| Q1 25 | $8.9B | $132.6M | ||
| Q4 24 | $8.7B | $105.8M | ||
| Q3 24 | $8.6B | $122.9M | ||
| Q2 24 | $8.6B | $98.0M | ||
| Q1 24 | $8.8B | $91.5M |
股东权益DOCHGTY
| Q4 25 | $7.5B | $221.3M | ||
| Q3 25 | $7.6B | $211.7M | ||
| Q2 25 | $7.9B | $172.3M | ||
| Q1 25 | $8.2B | $162.9M | ||
| Q4 24 | $8.4B | $150.3M | ||
| Q3 24 | $8.6B | $148.3M | ||
| Q2 24 | $8.8B | $94.4M | ||
| Q1 24 | $8.9B | $93.5M |
总资产DOCHGTY
| Q4 25 | $20.3B | $2.1B | ||
| Q3 25 | $19.6B | $2.2B | ||
| Q2 25 | $19.8B | $2.0B | ||
| Q1 25 | $19.8B | $1.8B | ||
| Q4 24 | $19.9B | $1.7B | ||
| Q3 24 | $20.0B | $1.8B | ||
| Q2 24 | $20.2B | $1.7B | ||
| Q1 24 | $20.5B | $1.6B |
负债/权益比DOCHGTY
| Q4 25 | 1.31× | 0.80× | ||
| Q3 25 | 1.20× | 0.49× | ||
| Q2 25 | 1.14× | 0.89× | ||
| Q1 25 | 1.08× | 0.81× | ||
| Q4 24 | 1.04× | 0.70× | ||
| Q3 24 | 1.00× | 0.83× | ||
| Q2 24 | 0.98× | 1.04× | ||
| Q1 24 | 0.99× | 0.98× |
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 | $219.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $194.5M |
| 自由现金流率自由现金流/营收 | 49.6% | 50.1% |
| 资本支出强度资本支出/营收 | 124.4% | 6.3% |
| 现金转化率经营现金流/净利润 | 10.99× | 7.67× |
| 过去12个月自由现金流最近4个季度 | — | $365.8M |
8季度趋势，按日历期对齐
经营现金流DOCHGTY
| Q4 25 | $1.3B | $219.0M | ||
| Q3 25 | $315.0M | $92.2M | ||
| Q2 25 | $363.5M | $53.9M | ||
| Q1 25 | $279.4M | $43.8M | ||
| Q4 24 | $1.1B | $177.0M | ||
| Q3 24 | $318.2M | $67.4M | ||
| Q2 24 | $316.2M | $64.0M | ||
| Q1 24 | $152.6M | $58.2M |
自由现金流DOCHGTY
| Q4 25 | $357.0M | $194.5M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $47.7M | ||
| Q1 25 | — | $38.4M | ||
| Q4 24 | $333.7M | $155.7M | ||
| Q3 24 | — | $62.0M | ||
| Q2 24 | — | $56.6M | ||
| Q1 24 | — | $53.7M |
自由现金流率DOCHGTY
| Q4 25 | 49.6% | 50.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 12.0% | ||
| Q4 24 | 47.8% | 46.7% | ||
| Q3 24 | — | 19.2% | ||
| Q2 24 | — | 18.1% | ||
| Q1 24 | — | 19.8% |
资本支出强度DOCHGTY
| Q4 25 | 124.4% | 6.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 105.6% | 6.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.7% |
现金转化率DOCHGTY
| Q4 25 | 10.99× | 7.67× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | 11.48× | 1.14× | ||
| Q1 25 | 6.52× | 1.61× | ||
| Q4 24 | 235.43× | 20.97× | ||
| Q3 24 | 3.71× | 3.55× | ||
| Q2 24 | 2.17× | 1.50× | ||
| Q1 24 | 22.85× | 7.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
