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Healthpeak Properties（DOC）与Hilton Grand Vacations Inc.（HGV）财务数据对比。点击上方公司名可切换其他公司
Hilton Grand Vacations Inc.的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 4.0%，领先69.1%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $147.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.4%）
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。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
DOC vs HGV — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.2B |
| 净利润 | $114.0M | $48.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 7.8% |
| 净利率 | 73.2% | 4.0% |
| 营收同比 | 3.1% | 3.7% |
| 净利润同比 | 2406.4% | 140.0% |
| 每股收益（稀释后） | $0.16 | $0.53 |
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
| Q4 25 | $719.4M | $1.2B | ||
| Q3 25 | $705.9M | $1.2B | ||
| Q2 25 | $694.3M | $1.1B | ||
| Q1 25 | $702.9M | $1.0B | ||
| Q4 24 | $698.0M | $1.1B | ||
| Q3 24 | $700.4M | $1.2B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $606.6M | $1.0B |
| Q4 25 | $114.0M | $48.0M | ||
| Q3 25 | $-117.1M | $25.0M | ||
| Q2 25 | $31.7M | $25.0M | ||
| Q1 25 | $42.8M | $-17.0M | ||
| Q4 24 | $4.5M | $20.0M | ||
| Q3 24 | $85.9M | $29.0M | ||
| Q2 24 | $146.0M | $2.0M | ||
| Q1 24 | $6.7M | $-4.0M |
| 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% | — |
| Q4 25 | 17.4% | 7.8% | ||
| Q3 25 | 9.2% | 3.9% | ||
| Q2 25 | 5.7% | 3.8% | ||
| Q1 25 | 7.7% | -0.6% | ||
| Q4 24 | -2.2% | 4.3% | ||
| Q3 24 | 14.1% | 7.9% | ||
| Q2 24 | 22.3% | 0.6% | ||
| Q1 24 | 3.7% | -1.3% |
| Q4 25 | 73.2% | 4.0% | ||
| Q3 25 | -16.6% | 2.1% | ||
| Q2 25 | 4.6% | 2.2% | ||
| Q1 25 | 6.1% | -1.7% | ||
| Q4 24 | 0.7% | 1.7% | ||
| Q3 24 | 12.3% | 2.5% | ||
| Q2 24 | 21.0% | 0.2% | ||
| Q1 24 | 1.1% | -0.4% |
| Q4 25 | $0.16 | $0.53 | ||
| Q3 25 | $-0.17 | $0.28 | ||
| Q2 25 | $0.05 | $0.25 | ||
| Q1 25 | $0.06 | $-0.17 | ||
| Q4 24 | $0.02 | $0.19 | ||
| Q3 24 | $0.12 | $0.28 | ||
| Q2 24 | $0.21 | $0.02 | ||
| Q1 24 | $0.01 | $-0.04 |
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 | $239.0M |
| 总债务越低越好 | $9.8B | $4.5B |
| 股东权益账面价值 | $7.5B | $1.3B |
| 总资产 | $20.3B | $11.5B |
| 负债/权益比越低杠杆越低 | 1.31× | 3.53× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $239.0M | ||
| Q3 25 | $91.0M | $215.0M | ||
| Q2 25 | $89.4M | $269.0M | ||
| Q1 25 | $70.6M | $259.0M | ||
| Q4 24 | $119.8M | $328.0M | ||
| Q3 24 | $180.4M | $297.0M | ||
| Q2 24 | $106.9M | $328.0M | ||
| Q1 24 | $101.8M | $355.0M |
| Q4 25 | $9.8B | $4.5B | ||
| Q3 25 | $9.1B | $4.7B | ||
| Q2 25 | $9.0B | $4.6B | ||
| Q1 25 | $8.9B | $4.5B | ||
| Q4 24 | $8.7B | $4.6B | ||
| Q3 24 | $8.6B | $5.0B | ||
| Q2 24 | $8.6B | $4.9B | ||
| Q1 24 | $8.8B | $5.1B |
| Q4 25 | $7.5B | $1.3B | ||
| Q3 25 | $7.6B | $1.4B | ||
| Q2 25 | $7.9B | $1.5B | ||
| Q1 25 | $8.2B | $1.6B | ||
| Q4 24 | $8.4B | $1.8B | ||
| Q3 24 | $8.6B | $1.8B | ||
| Q2 24 | $8.8B | $1.9B | ||
| Q1 24 | $8.9B | $2.0B |
| Q4 25 | $20.3B | $11.5B | ||
| Q3 25 | $19.6B | $11.7B | ||
| Q2 25 | $19.8B | $11.7B | ||
| Q1 25 | $19.8B | $11.8B | ||
| Q4 24 | $19.9B | $11.4B | ||
| Q3 24 | $20.0B | $11.2B | ||
| Q2 24 | $20.2B | $11.5B | ||
| Q1 24 | $20.5B | $11.7B |
| Q4 25 | 1.31× | 3.53× | ||
| Q3 25 | 1.20× | 3.41× | ||
| Q2 25 | 1.14× | 3.07× | ||
| Q1 25 | 1.08× | 2.83× | ||
| Q4 24 | 1.04× | 2.63× | ||
| Q3 24 | 1.00× | 2.73× | ||
| Q2 24 | 0.98× | 2.55× | ||
| Q1 24 | 0.99× | 2.57× |
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 | $167.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $147.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 12.3% |
| 资本支出强度资本支出/营收 | 124.4% | 1.7% |
| 现金转化率经营现金流/净利润 | 10.99× | 3.48× |
| 过去12个月自由现金流最近4个季度 | — | $230.0M |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $167.0M | ||
| Q3 25 | $315.0M | $34.0M | ||
| Q2 25 | $363.5M | $61.0M | ||
| Q1 25 | $279.4M | $38.0M | ||
| Q4 24 | $1.1B | $105.0M | ||
| Q3 24 | $318.2M | $91.0M | ||
| Q2 24 | $316.2M | $113.0M | ||
| Q1 24 | $152.6M | $0 |
| Q4 25 | $357.0M | $147.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | — | $46.0M | ||
| Q1 25 | — | $24.0M | ||
| Q4 24 | $333.7M | $90.0M | ||
| Q3 24 | — | $81.0M | ||
| Q2 24 | — | $106.0M | ||
| Q1 24 | — | — |
| Q4 25 | 49.6% | 12.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 4.0% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 47.8% | 7.8% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | — |
| Q4 25 | 124.4% | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 105.6% | 1.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 10.99× | 3.48× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | 11.48× | 2.44× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 5.25× | ||
| Q3 24 | 3.71× | 3.14× | ||
| Q2 24 | 2.17× | 56.50× | ||
| Q1 24 | 22.85× | — |
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
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
