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Healthpeak Properties（DOC）与HOVNANIAN ENTERPRISES INC（HOV）财务数据对比。点击上方公司名可切换其他公司
HOVNANIAN ENTERPRISES INC的季度营收约是Healthpeak Properties的1.1倍（$817.9M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -0.1%，领先73.3%），Healthpeak Properties同比增速更快（3.1% vs -16.5%），Healthpeak Properties自由现金流更多（$357.0M vs $164.0M），过去两年HOVNANIAN ENTERPRISES INC的营收复合增速更高（17.3% 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。
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
DOC vs HOV — 直观对比
营收规模更大
HOV
是对方的1.1倍
$719.4M
营收增速更快
DOC
高出19.6%
-16.5%
净利率更高
DOC
高出73.3%
-0.1%
自由现金流更多
DOC
多$193.0M
$164.0M
两年增速更快
HOV
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $817.9M |
| 净利润 | $114.0M | $-667.0K |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | -0.5% |
| 净利率 | 73.2% | -0.1% |
| 营收同比 | 3.1% | -16.5% |
| 净利润同比 | 2406.4% | -100.7% |
| 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DOCHOV
| Q4 25 | $719.4M | $817.9M | ||
| Q3 25 | $705.9M | $800.6M | ||
| Q2 25 | $694.3M | $686.5M | ||
| Q1 25 | $702.9M | $673.6M | ||
| Q4 24 | $698.0M | $979.6M | ||
| Q3 24 | $700.4M | $722.7M | ||
| Q2 24 | $695.5M | $708.4M | ||
| Q1 24 | $606.6M | $594.2M |
净利润DOCHOV
| Q4 25 | $114.0M | $-667.0K | ||
| Q3 25 | $-117.1M | $16.6M | ||
| Q2 25 | $31.7M | $19.7M | ||
| Q1 25 | $42.8M | $28.2M | ||
| Q4 24 | $4.5M | $94.3M | ||
| Q3 24 | $85.9M | $72.9M | ||
| Q2 24 | $146.0M | $50.8M | ||
| Q1 24 | $6.7M | $23.9M |
毛利率DOCHOV
| 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DOCHOV
| Q4 25 | 17.4% | -0.5% | ||
| Q3 25 | 9.2% | 3.0% | ||
| Q2 25 | 5.7% | 3.9% | ||
| Q1 25 | 7.7% | 5.9% | ||
| Q4 24 | -2.2% | 12.0% | ||
| Q3 24 | 14.1% | 13.5% | ||
| Q2 24 | 22.3% | 9.8% | ||
| Q1 24 | 3.7% | 5.5% |
净利率DOCHOV
| Q4 25 | 73.2% | -0.1% | ||
| Q3 25 | -16.6% | 2.1% | ||
| Q2 25 | 4.6% | 2.9% | ||
| Q1 25 | 6.1% | 4.2% | ||
| Q4 24 | 0.7% | 9.6% | ||
| Q3 24 | 12.3% | 10.1% | ||
| Q2 24 | 21.0% | 7.2% | ||
| Q1 24 | 1.1% | 4.0% |
每股收益（稀释后）DOCHOV
| Q4 25 | $0.16 | $-0.57 | ||
| Q3 25 | $-0.17 | $1.99 | ||
| Q2 25 | $0.05 | $2.43 | ||
| Q1 25 | $0.06 | $3.58 | ||
| Q4 24 | $0.02 | $12.47 | ||
| Q3 24 | $0.12 | $9.75 | ||
| Q2 24 | $0.21 | $6.66 | ||
| Q1 24 | $0.01 | $2.91 |
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 | $900.7M |
| 股东权益账面价值 | $7.5B | $830.9M |
| 总资产 | $20.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资DOCHOV
| 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DOCHOV
| Q4 25 | $9.8B | $900.7M | ||
| Q3 25 | $9.1B | $861.9M | ||
| Q2 25 | $9.0B | $864.3M | ||
| Q1 25 | $8.9B | $893.7M | ||
| Q4 24 | $8.7B | $896.2M | ||
| Q3 24 | $8.6B | $898.7M | ||
| Q2 24 | $8.6B | $933.0M | ||
| Q1 24 | $8.8B | $934.6M |
股东权益DOCHOV
| Q4 25 | $7.5B | $830.9M | ||
| Q3 25 | $7.6B | $835.4M | ||
| Q2 25 | $7.9B | $820.4M | ||
| Q1 25 | $8.2B | $811.4M | ||
| Q4 24 | $8.4B | $800.3M | ||
| Q3 24 | $8.6B | $703.4M | ||
| Q2 24 | $8.8B | $647.0M | ||
| Q1 24 | $8.9B | $607.1M |
总资产DOCHOV
| Q4 25 | $20.3B | $2.6B | ||
| Q3 25 | $19.6B | $2.6B | ||
| Q2 25 | $19.8B | $2.6B | ||
| Q1 25 | $19.8B | $2.5B | ||
| Q4 24 | $19.9B | $2.6B | ||
| Q3 24 | $20.0B | $2.5B | ||
| Q2 24 | $20.2B | $2.3B | ||
| Q1 24 | $20.5B | $2.3B |
负债/权益比DOCHOV
| Q4 25 | 1.31× | 1.08× | ||
| Q3 25 | 1.20× | 1.03× | ||
| Q2 25 | 1.14× | 1.05× | ||
| Q1 25 | 1.08× | 1.10× | ||
| Q4 24 | 1.04× | 1.12× | ||
| Q3 24 | 1.00× | 1.28× | ||
| Q2 24 | 0.98× | 1.44× | ||
| Q1 24 | 0.99× | 1.54× |
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 | $169.1M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $164.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 20.0% |
| 资本支出强度资本支出/营收 | 124.4% | 0.6% |
| 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 | — | $166.2M |
8季度趋势，按日历期对齐
经营现金流DOCHOV
| Q4 25 | $1.3B | $169.1M | ||
| Q3 25 | $315.0M | $52.8M | ||
| Q2 25 | $363.5M | $22.3M | ||
| Q1 25 | $279.4M | $-55.9M | ||
| Q4 24 | $1.1B | $115.8M | ||
| Q3 24 | $318.2M | $-92.3M | ||
| Q2 24 | $316.2M | $89.1M | ||
| Q1 24 | $152.6M | $-89.0M |
自由现金流DOCHOV
| Q4 25 | $357.0M | $164.0M | ||
| Q3 25 | — | $45.8M | ||
| Q2 25 | — | $16.0M | ||
| Q1 25 | — | $-59.6M | ||
| Q4 24 | $333.7M | $111.4M | ||
| Q3 24 | — | $-95.8M | ||
| Q2 24 | — | $84.7M | ||
| Q1 24 | — | $-94.4M |
自由现金流率DOCHOV
| Q4 25 | 49.6% | 20.0% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | -8.8% | ||
| Q4 24 | 47.8% | 11.4% | ||
| Q3 24 | — | -13.3% | ||
| Q2 24 | — | 12.0% | ||
| Q1 24 | — | -15.9% |
资本支出强度DOCHOV
| Q4 25 | 124.4% | 0.6% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 105.6% | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.9% |
现金转化率DOCHOV
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 3.18× | ||
| Q2 25 | 11.48× | 1.13× | ||
| Q1 25 | 6.52× | -1.98× | ||
| Q4 24 | 235.43× | 1.23× | ||
| Q3 24 | 3.71× | -1.27× | ||
| Q2 24 | 2.17× | 1.75× | ||
| Q1 24 | 22.85× | -3.72× |
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
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
