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Healthpeak Properties（DOC）与Invitation Homes（INVH）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Invitation Homes的1.0倍（$719.4M vs $685.3M），Healthpeak Properties净利率更高（73.2% vs 21.1%，领先52.1%），Invitation Homes同比增速更快（4.0% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $122.4M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 3.0%）
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。
Invitation Homes是纽交所上市企业，总部位于美国得克萨斯州达拉斯市林肯中心大厦，由Dallas B. Tanner出任首席执行官。截至2024年7月，公司在全美16个市场持有约8.4万套独栋出租住宅，是美国规模最大的独栋住宅租赁业主，17%的租金收入来自加利福尼亚州。
DOC vs INVH — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $685.3M |
| 净利润 | $114.0M | $144.6M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | — |
| 净利率 | 73.2% | 21.1% |
| 营收同比 | 3.1% | 4.0% |
| 净利润同比 | 2406.4% | 1.0% |
| 每股收益（稀释后） | $0.16 | $0.24 |
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 | $685.3M | ||
| Q3 25 | $705.9M | $688.2M | ||
| Q2 25 | $694.3M | $681.4M | ||
| Q1 25 | $702.9M | $674.5M | ||
| Q4 24 | $698.0M | $659.1M | ||
| Q3 24 | $700.4M | $660.3M | ||
| Q2 24 | $695.5M | $653.5M | ||
| Q1 24 | $606.6M | $646.0M |
| Q4 25 | $114.0M | $144.6M | ||
| Q3 25 | $-117.1M | $136.7M | ||
| Q2 25 | $31.7M | $140.9M | ||
| Q1 25 | $42.8M | $165.7M | ||
| Q4 24 | $4.5M | $143.1M | ||
| Q3 24 | $85.9M | $95.3M | ||
| Q2 24 | $146.0M | $73.2M | ||
| Q1 24 | $6.7M | $142.3M |
| 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% | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 5.7% | — | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 73.2% | 21.1% | ||
| Q3 25 | -16.6% | 19.9% | ||
| Q2 25 | 4.6% | 20.7% | ||
| Q1 25 | 6.1% | 24.6% | ||
| Q4 24 | 0.7% | 21.7% | ||
| Q3 24 | 12.3% | 14.4% | ||
| Q2 24 | 21.0% | 11.2% | ||
| Q1 24 | 1.1% | 22.0% |
| Q4 25 | $0.16 | $0.24 | ||
| Q3 25 | $-0.17 | $0.22 | ||
| Q2 25 | $0.05 | $0.23 | ||
| Q1 25 | $0.06 | $0.27 | ||
| Q4 24 | $0.02 | $0.24 | ||
| Q3 24 | $0.12 | $0.15 | ||
| Q2 24 | $0.21 | $0.12 | ||
| Q1 24 | $0.01 | $0.23 |
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 | $130.0M |
| 总债务越低越好 | $9.8B | $8.4B |
| 股东权益账面价值 | $7.5B | $9.5B |
| 总资产 | $20.3B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.88× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $130.0M | ||
| Q3 25 | $91.0M | $155.4M | ||
| Q2 25 | $89.4M | $65.1M | ||
| Q1 25 | $70.6M | $84.4M | ||
| Q4 24 | $119.8M | $174.5M | ||
| Q3 24 | $180.4M | $1.0B | ||
| Q2 24 | $106.9M | $749.4M | ||
| Q1 24 | $101.8M | $738.1M |
| Q4 25 | $9.8B | $8.4B | ||
| Q3 25 | $9.1B | $8.2B | ||
| Q2 25 | $9.0B | $8.2B | ||
| Q1 25 | $8.9B | $8.1B | ||
| Q4 24 | $8.7B | $8.2B | ||
| Q3 24 | $8.6B | $9.0B | ||
| Q2 24 | $8.6B | $8.5B | ||
| Q1 24 | $8.8B | $8.5B |
| Q4 25 | $7.5B | $9.5B | ||
| Q3 25 | $7.6B | $9.6B | ||
| Q2 25 | $7.9B | $9.7B | ||
| Q1 25 | $8.2B | $9.7B | ||
| Q4 24 | $8.4B | $9.8B | ||
| Q3 24 | $8.6B | $9.9B | ||
| Q2 24 | $8.8B | $10.0B | ||
| Q1 24 | $8.9B | $10.1B |
| Q4 25 | $20.3B | $18.7B | ||
| Q3 25 | $19.6B | $18.8B | ||
| Q2 25 | $19.8B | $18.7B | ||
| Q1 25 | $19.8B | $18.6B | ||
| Q4 24 | $19.9B | $18.7B | ||
| Q3 24 | $20.0B | $19.6B | ||
| Q2 24 | $20.2B | $19.2B | ||
| Q1 24 | $20.5B | $19.2B |
| Q4 25 | 1.31× | 0.88× | ||
| Q3 25 | 1.20× | 0.86× | ||
| Q2 25 | 1.14× | 0.85× | ||
| Q1 25 | 1.08× | 0.83× | ||
| Q4 24 | 1.04× | 0.84× | ||
| Q3 24 | 1.00× | 0.91× | ||
| Q2 24 | 0.98× | 0.85× | ||
| Q1 24 | 0.99× | 0.84× |
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 | $128.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $122.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 17.9% |
| 资本支出强度资本支出/营收 | 124.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.89× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $128.7M | ||
| Q3 25 | $315.0M | $394.6M | ||
| Q2 25 | $363.5M | $382.5M | ||
| Q1 25 | $279.4M | $300.5M | ||
| Q4 24 | $1.1B | $132.8M | ||
| Q3 24 | $318.2M | $313.6M | ||
| Q2 24 | $316.2M | $369.8M | ||
| Q1 24 | $152.6M | $265.6M |
| Q4 25 | $357.0M | $122.4M | ||
| Q3 25 | — | $387.8M | ||
| Q2 25 | — | $374.4M | ||
| Q1 25 | — | $293.3M | ||
| Q4 24 | $333.7M | $125.0M | ||
| Q3 24 | — | $305.2M | ||
| Q2 24 | — | $363.8M | ||
| Q1 24 | — | $257.1M |
| Q4 25 | 49.6% | 17.9% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 54.9% | ||
| Q1 25 | — | 43.5% | ||
| Q4 24 | 47.8% | 19.0% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 55.7% | ||
| Q1 24 | — | 39.8% |
| Q4 25 | 124.4% | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 105.6% | 1.2% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 10.99× | 0.89× | ||
| Q3 25 | — | 2.89× | ||
| Q2 25 | 11.48× | 2.71× | ||
| Q1 25 | 6.52× | 1.81× | ||
| Q4 24 | 235.43× | 0.93× | ||
| Q3 24 | 3.71× | 3.29× | ||
| Q2 24 | 2.17× | 5.05× | ||
| Q1 24 | 22.85× | 1.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
