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Healthpeak Properties（DOC）与Loews Corporation（L）财务数据对比。点击上方公司名可切换其他公司
Loews Corporation的季度营收约是Healthpeak Properties的1.1倍（$827.0M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 48.6%，领先24.6%），Loews Corporation同比增速更快（4.8% vs 3.1%），Loews Corporation自由现金流更多（$426.0M vs $357.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.9%）
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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
DOC vs L — 直观对比
营收规模更大
L
是对方的1.1倍
$719.4M
营收增速更快
L
高出1.7%
3.1%
净利率更高
DOC
高出24.6%
48.6%
自由现金流更多
L
多$69.0M
$357.0M
两年增速更快
DOC
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $827.0M |
| 净利润 | $114.0M | $402.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 65.4% |
| 净利率 | 73.2% | 48.6% |
| 营收同比 | 3.1% | 4.8% |
| 净利润同比 | 2406.4% | 115.0% |
| 每股收益（稀释后） | $0.16 | $1.93 |
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DOCL
| Q4 25 | $719.4M | $827.0M | ||
| Q3 25 | $705.9M | $732.0M | ||
| Q2 25 | $694.3M | $769.0M | ||
| Q1 25 | $702.9M | $846.0M | ||
| Q4 24 | $698.0M | $789.0M | ||
| Q3 24 | $700.4M | $683.0M | ||
| Q2 24 | $695.5M | $711.0M | ||
| Q1 24 | $606.6M | $710.0M |
净利润DOCL
| Q4 25 | $114.0M | $402.0M | ||
| Q3 25 | $-117.1M | $504.0M | ||
| Q2 25 | $31.7M | $391.0M | ||
| Q1 25 | $42.8M | $370.0M | ||
| Q4 24 | $4.5M | $187.0M | ||
| Q3 24 | $85.9M | $401.0M | ||
| Q2 24 | $146.0M | $369.0M | ||
| Q1 24 | $6.7M | $457.0M |
毛利率DOCL
| 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DOCL
| Q4 25 | 17.4% | 65.4% | ||
| Q3 25 | 9.2% | 94.1% | ||
| Q2 25 | 5.7% | 70.1% | ||
| Q1 25 | 7.7% | 60.8% | ||
| Q4 24 | -2.2% | 23.8% | ||
| Q3 24 | 14.1% | 80.5% | ||
| Q2 24 | 22.3% | 71.3% | ||
| Q1 24 | 3.7% | 88.6% |
净利率DOCL
| Q4 25 | 73.2% | 48.6% | ||
| Q3 25 | -16.6% | 68.9% | ||
| Q2 25 | 4.6% | 50.8% | ||
| Q1 25 | 6.1% | 43.7% | ||
| Q4 24 | 0.7% | 23.7% | ||
| Q3 24 | 12.3% | 58.7% | ||
| Q2 24 | 21.0% | 51.9% | ||
| Q1 24 | 1.1% | 64.4% |
每股收益（稀释后）DOCL
| Q4 25 | $0.16 | $1.93 | ||
| Q3 25 | $-0.17 | $2.43 | ||
| Q2 25 | $0.05 | $1.87 | ||
| Q1 25 | $0.06 | $1.74 | ||
| Q4 24 | $0.02 | $0.87 | ||
| Q3 24 | $0.12 | $1.82 | ||
| Q2 24 | $0.21 | $1.67 | ||
| Q1 24 | $0.01 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | $9.8B | $8.4B |
| 股东权益账面价值 | $7.5B | $18.7B |
| 总资产 | $20.3B | $86.3B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资DOCL
| Q4 25 | $467.5M | $6.0B | ||
| Q3 25 | $91.0M | $5.4B | ||
| Q2 25 | $89.4M | $4.5B | ||
| Q1 25 | $70.6M | $4.4B | ||
| Q4 24 | $119.8M | $4.6B | ||
| Q3 24 | $180.4M | $5.2B | ||
| Q2 24 | $106.9M | $4.9B | ||
| Q1 24 | $101.8M | $5.4B |
总债务DOCL
| Q4 25 | $9.8B | $8.4B | ||
| Q3 25 | $9.1B | $8.4B | ||
| Q2 25 | $9.0B | $7.9B | ||
| Q1 25 | $8.9B | $8.4B | ||
| Q4 24 | $8.7B | $8.9B | ||
| Q3 24 | $8.6B | $8.8B | ||
| Q2 24 | $8.6B | $8.6B | ||
| Q1 24 | $8.8B | $8.4B |
股东权益DOCL
| Q4 25 | $7.5B | $18.7B | ||
| Q3 25 | $7.6B | $18.3B | ||
| Q2 25 | $7.9B | $17.5B | ||
| Q1 25 | $8.2B | $17.2B | ||
| Q4 24 | $8.4B | $17.1B | ||
| Q3 24 | $8.6B | $17.4B | ||
| Q2 24 | $8.8B | $16.4B | ||
| Q1 24 | $8.9B | $16.2B |
总资产DOCL
| Q4 25 | $20.3B | $86.3B | ||
| Q3 25 | $19.6B | $85.9B | ||
| Q2 25 | $19.8B | $84.7B | ||
| Q1 25 | $19.8B | $83.1B | ||
| Q4 24 | $19.9B | $81.9B | ||
| Q3 24 | $20.0B | $83.6B | ||
| Q2 24 | $20.2B | $81.1B | ||
| Q1 24 | $20.5B | $80.9B |
负债/权益比DOCL
| Q4 25 | 1.31× | 0.45× | ||
| Q3 25 | 1.20× | 0.46× | ||
| Q2 25 | 1.14× | 0.45× | ||
| Q1 25 | 1.08× | 0.49× | ||
| Q4 24 | 1.04× | 0.52× | ||
| Q3 24 | 1.00× | 0.51× | ||
| Q2 24 | 0.98× | 0.52× | ||
| Q1 24 | 0.99× | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $426.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 51.5% |
| 资本支出强度资本支出/营收 | 124.4% | 23.1% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $2.7B |
8季度趋势，按日历期对齐
经营现金流DOCL
| Q4 25 | $1.3B | $617.0M | ||
| Q3 25 | $315.0M | $920.0M | ||
| Q2 25 | $363.5M | $1.0B | ||
| Q1 25 | $279.4M | $736.0M | ||
| Q4 24 | $1.1B | $941.0M | ||
| Q3 24 | $318.2M | $934.0M | ||
| Q2 24 | $316.2M | $952.0M | ||
| Q1 24 | $152.6M | $198.0M |
自由现金流DOCL
| Q4 25 | $357.0M | $426.0M | ||
| Q3 25 | — | $764.0M | ||
| Q2 25 | — | $872.0M | ||
| Q1 25 | — | $638.0M | ||
| Q4 24 | $333.7M | $767.0M | ||
| Q3 24 | — | $794.0M | ||
| Q2 24 | — | $793.0M | ||
| Q1 24 | — | $39.0M |
自由现金流率DOCL
| Q4 25 | 49.6% | 51.5% | ||
| Q3 25 | — | 104.4% | ||
| Q2 25 | — | 113.4% | ||
| Q1 25 | — | 75.4% | ||
| Q4 24 | 47.8% | 97.2% | ||
| Q3 24 | — | 116.3% | ||
| Q2 24 | — | 111.5% | ||
| Q1 24 | — | 5.5% |
资本支出强度DOCL
| Q4 25 | 124.4% | 23.1% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | 105.6% | 22.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 22.4% | ||
| Q1 24 | — | 22.4% |
现金转化率DOCL
| Q4 25 | 10.99× | 1.53× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | 11.48× | 2.57× | ||
| Q1 25 | 6.52× | 1.99× | ||
| Q4 24 | 235.43× | 5.03× | ||
| Q3 24 | 3.71× | 2.33× | ||
| Q2 24 | 2.17× | 2.58× | ||
| Q1 24 | 22.85× | 0.43× |
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
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
