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Healthpeak Properties（DOC）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是哈雷戴维森的1.8倍（$719.4M vs $390.5M），Healthpeak Properties净利率更高（73.2% vs -72.3%，领先145.5%），Healthpeak Properties同比增速更快（3.1% vs -9.4%），Healthpeak Properties自由现金流更多（$357.0M vs $100.4M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
DOC vs HOG — 直观对比
营收规模更大
DOC
是对方的1.8倍
$390.5M
营收增速更快
DOC
高出12.4%
-9.4%
净利率更高
DOC
高出145.5%
-72.3%
自由现金流更多
DOC
多$256.6M
$100.4M
两年增速更快
DOC
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $390.5M |
| 净利润 | $114.0M | $-282.6M |
| 毛利率 | — | -7.9% |
| 营业利润率 | 17.4% | -92.4% |
| 净利率 | 73.2% | -72.3% |
| 营收同比 | 3.1% | -9.4% |
| 净利润同比 | 2406.4% | -138.6% |
| 每股收益（稀释后） | $0.16 | $-2.27 |
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DOCHOG
| Q4 25 | $719.4M | $390.5M | ||
| Q3 25 | $705.9M | $1.1B | ||
| Q2 25 | $694.3M | $1.0B | ||
| Q1 25 | $702.9M | $1.1B | ||
| Q4 24 | $698.0M | $430.9M | ||
| Q3 24 | $700.4M | $881.2M | ||
| Q2 24 | $695.5M | $1.4B | ||
| Q1 24 | $606.6M | $1.5B |
净利润DOCHOG
| Q4 25 | $114.0M | $-282.6M | ||
| Q3 25 | $-117.1M | $377.4M | ||
| Q2 25 | $31.7M | $107.6M | ||
| Q1 25 | $42.8M | $133.1M | ||
| Q4 24 | $4.5M | $-118.4M | ||
| Q3 24 | $85.9M | $119.0M | ||
| Q2 24 | $146.0M | $218.3M | ||
| Q1 24 | $6.7M | $234.9M |
毛利率DOCHOG
| Q4 25 | — | -7.9% | ||
| Q3 25 | 58.6% | 26.0% | ||
| Q2 25 | 60.2% | 28.5% | ||
| Q1 25 | 61.1% | 28.9% | ||
| Q4 24 | 60.3% | -2.0% | ||
| Q3 24 | 60.0% | 29.8% | ||
| Q2 24 | 60.6% | 31.8% | ||
| Q1 24 | 59.8% | 30.9% |
营业利润率DOCHOG
| Q4 25 | 17.4% | -92.4% | ||
| Q3 25 | 9.2% | 44.0% | ||
| Q2 25 | 5.7% | 10.7% | ||
| Q1 25 | 7.7% | 14.8% | ||
| Q4 24 | -2.2% | -44.9% | ||
| Q3 24 | 14.1% | 12.0% | ||
| Q2 24 | 22.3% | 17.8% | ||
| Q1 24 | 3.7% | 17.8% |
净利率DOCHOG
| Q4 25 | 73.2% | -72.3% | ||
| Q3 25 | -16.6% | 35.0% | ||
| Q2 25 | 4.6% | 10.2% | ||
| Q1 25 | 6.1% | 12.3% | ||
| Q4 24 | 0.7% | -27.5% | ||
| Q3 24 | 12.3% | 13.5% | ||
| Q2 24 | 21.0% | 16.1% | ||
| Q1 24 | 1.1% | 15.9% |
每股收益（稀释后）DOCHOG
| Q4 25 | $0.16 | $-2.27 | ||
| Q3 25 | $-0.17 | $3.10 | ||
| Q2 25 | $0.05 | $0.88 | ||
| Q1 25 | $0.06 | $1.07 | ||
| Q4 24 | $0.02 | $-0.82 | ||
| Q3 24 | $0.12 | $0.91 | ||
| Q2 24 | $0.21 | $1.63 | ||
| Q1 24 | $0.01 | $1.72 |
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 | $3.1B |
| 总债务越低越好 | $9.8B | $2.5B |
| 股东权益账面价值 | $7.5B | $3.1B |
| 总资产 | $20.3B | $8.0B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资DOCHOG
| Q4 25 | $467.5M | $3.1B | ||
| Q3 25 | $91.0M | $1.8B | ||
| Q2 25 | $89.4M | $1.6B | ||
| Q1 25 | $70.6M | $1.9B | ||
| Q4 24 | $119.8M | $1.6B | ||
| Q3 24 | $180.4M | $2.2B | ||
| Q2 24 | $106.9M | $1.8B | ||
| Q1 24 | $101.8M | $1.5B |
总债务DOCHOG
| Q4 25 | $9.8B | $2.5B | ||
| Q3 25 | $9.1B | $4.5B | ||
| Q2 25 | $9.0B | $6.4B | ||
| Q1 25 | $8.9B | $6.8B | ||
| Q4 24 | $8.7B | $6.3B | ||
| Q3 24 | $8.6B | $7.3B | ||
| Q2 24 | $8.6B | $7.0B | ||
| Q1 24 | $8.8B | $6.3B |
股东权益DOCHOG
| Q4 25 | $7.5B | $3.1B | ||
| Q3 25 | $7.6B | $3.6B | ||
| Q2 25 | $7.9B | $3.3B | ||
| Q1 25 | $8.2B | $3.2B | ||
| Q4 24 | $8.4B | $3.2B | ||
| Q3 24 | $8.6B | $3.4B | ||
| Q2 24 | $8.8B | $3.4B | ||
| Q1 24 | $8.9B | $3.3B |
总资产DOCHOG
| Q4 25 | $20.3B | $8.0B | ||
| Q3 25 | $19.6B | $10.6B | ||
| Q2 25 | $19.8B | $12.1B | ||
| Q1 25 | $19.8B | $12.4B | ||
| Q4 24 | $19.9B | $11.9B | ||
| Q3 24 | $20.0B | $13.0B | ||
| Q2 24 | $20.2B | $12.8B | ||
| Q1 24 | $20.5B | $12.3B |
负债/权益比DOCHOG
| Q4 25 | 1.31× | 0.79× | ||
| Q3 25 | 1.20× | 1.25× | ||
| Q2 25 | 1.14× | 1.91× | ||
| Q1 25 | 1.08× | 2.14× | ||
| Q4 24 | 1.04× | 2.00× | ||
| Q3 24 | 1.00× | 2.13× | ||
| Q2 24 | 0.98× | 2.03× | ||
| Q1 24 | 0.99× | 1.88× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $100.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 25.7% |
| 资本支出强度资本支出/营收 | 124.4% | 13.2% |
| 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 | — | $415.2M |
8季度趋势，按日历期对齐
经营现金流DOCHOG
| Q4 25 | $1.3B | $152.0M | ||
| Q3 25 | $315.0M | $-92.6M | ||
| Q2 25 | $363.5M | $368.0M | ||
| Q1 25 | $279.4M | $141.5M | ||
| Q4 24 | $1.1B | $133.2M | ||
| Q3 24 | $318.2M | $353.0M | ||
| Q2 24 | $316.2M | $473.6M | ||
| Q1 24 | $152.6M | $104.0M |
自由现金流DOCHOG
| Q4 25 | $357.0M | $100.4M | ||
| Q3 25 | — | $-129.1M | ||
| Q2 25 | — | $332.4M | ||
| Q1 25 | — | $111.6M | ||
| Q4 24 | $333.7M | $77.0M | ||
| Q3 24 | — | $300.4M | ||
| Q2 24 | — | $432.2M | ||
| Q1 24 | — | $57.6M |
自由现金流率DOCHOG
| Q4 25 | 49.6% | 25.7% | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | — | 31.7% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | 47.8% | 17.9% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 31.9% | ||
| Q1 24 | — | 3.9% |
资本支出强度DOCHOG
| Q4 25 | 124.4% | 13.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | 105.6% | 13.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 3.1% |
现金转化率DOCHOG
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | -0.25× | ||
| Q2 25 | 11.48× | 3.42× | ||
| Q1 25 | 6.52× | 1.06× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 2.97× | ||
| Q2 24 | 2.17× | 2.17× | ||
| Q1 24 | 22.85× | 0.44× |
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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
