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Healthpeak Properties（DOC）与Liberty Global Ltd.（LBTYA）财务数据对比。点击上方公司名可切换其他公司
Liberty Global Ltd.的季度营收约是Healthpeak Properties的3.3倍（$2.4B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 15.0%，领先58.2%），Healthpeak Properties同比增速更快（3.1% vs -3.6%），过去两年Liberty Global Ltd.的营收复合增速更高（12.9% 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。
自由全球有限公司是一家英荷美合资的跨国电信企业，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛均设有总部。公司旗下拥有英国自由全球控股有限公司、荷兰自由全球有限公司及美国自由全球公司三大主体，其中英国主体为上市实体。企业由自由媒体国际业务部与UnitedGlobalCom于2005年合并成立，在全球电信服务领域拥有深厚的行业积累。
DOC vs LBTYA — 直观对比
营收规模更大
LBTYA
是对方的3.3倍
$719.4M
营收增速更快
DOC
高出6.7%
-3.6%
净利率更高
DOC
高出58.2%
15.0%
两年增速更快
LBTYA
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $2.4B |
| 净利润 | $114.0M | $358.2M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 1.0% |
| 净利率 | 73.2% | 15.0% |
| 营收同比 | 3.1% | -3.6% |
| 净利润同比 | 2406.4% | 127.1% |
| 每股收益（稀释后） | $0.16 | — |
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DOCLBTYA
| Q1 26 | — | $2.4B | ||
| Q4 25 | $719.4M | $1.2B | ||
| Q3 25 | $705.9M | $1.2B | ||
| Q2 25 | $694.3M | $1.3B | ||
| Q1 25 | $702.9M | $1.2B | ||
| Q4 24 | $698.0M | $-1.4B | ||
| Q3 24 | $700.4M | $1.9B | ||
| Q2 24 | $695.5M | $1.9B |
净利润DOCLBTYA
| Q1 26 | — | $358.2M | ||
| Q4 25 | $114.0M | $-2.9B | ||
| Q3 25 | $-117.1M | $-90.7M | ||
| Q2 25 | $31.7M | $-2.8B | ||
| Q1 25 | $42.8M | $-1.3B | ||
| Q4 24 | $4.5M | $2.2B | ||
| Q3 24 | $85.9M | $-1.4B | ||
| Q2 24 | $146.0M | $268.1M |
毛利率DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | — | 66.8% | ||
| Q3 25 | 58.6% | 67.5% | ||
| Q2 25 | 60.2% | 63.3% | ||
| Q1 25 | 61.1% | 65.6% | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | 69.4% | ||
| Q2 24 | 60.6% | 68.5% |
营业利润率DOCLBTYA
| Q1 26 | — | 1.0% | ||
| Q4 25 | 17.4% | -8.6% | ||
| Q3 25 | 9.2% | -0.7% | ||
| Q2 25 | 5.7% | 2.3% | ||
| Q1 25 | 7.7% | 5.2% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | 5.2% | ||
| Q2 24 | 22.3% | 1.0% |
净利率DOCLBTYA
| Q1 26 | — | 15.0% | ||
| Q4 25 | 73.2% | -237.0% | ||
| Q3 25 | -16.6% | -7.5% | ||
| Q2 25 | 4.6% | -220.1% | ||
| Q1 25 | 6.1% | -114.2% | ||
| Q4 24 | 0.7% | -158.9% | ||
| Q3 24 | 12.3% | -74.1% | ||
| Q2 24 | 21.0% | 14.3% |
每股收益（稀释后）DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $0.16 | $-8.66 | ||
| Q3 25 | $-0.17 | $-0.27 | ||
| Q2 25 | $0.05 | $-8.09 | ||
| Q1 25 | $0.06 | $-3.84 | ||
| Q4 24 | $0.02 | $6.15 | ||
| Q3 24 | $0.12 | $-3.95 | ||
| Q2 24 | $0.21 | $0.71 |
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 | $-387.3M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | — |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资DOCLBTYA
| Q1 26 | — | $-387.3M | ||
| Q4 25 | $467.5M | $2.2B | ||
| Q3 25 | $91.0M | $1.7B | ||
| Q2 25 | $89.4M | $3.1B | ||
| Q1 25 | $70.6M | $2.0B | ||
| Q4 24 | $119.8M | $2.2B | ||
| Q3 24 | $180.4M | $3.3B | ||
| Q2 24 | $106.9M | $3.2B |
总债务DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $7.8B | ||
| Q3 25 | $9.1B | $7.8B | ||
| Q2 25 | $9.0B | $7.8B | ||
| Q1 25 | $8.9B | $8.2B | ||
| Q4 24 | $8.7B | $8.2B | ||
| Q3 24 | $8.6B | $14.9B | ||
| Q2 24 | $8.6B | $14.7B |
股东权益DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $9.7B | ||
| Q3 25 | $7.6B | $12.7B | ||
| Q2 25 | $7.9B | $13.0B | ||
| Q1 25 | $8.2B | $12.6B | ||
| Q4 24 | $8.4B | $12.4B | ||
| Q3 24 | $8.6B | $18.7B | ||
| Q2 24 | $8.8B | $18.3B |
总资产DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $22.6B | ||
| Q3 25 | $19.6B | $25.4B | ||
| Q2 25 | $19.8B | $27.2B | ||
| Q1 25 | $19.8B | $26.0B | ||
| Q4 24 | $19.9B | $25.4B | ||
| Q3 24 | $20.0B | $41.8B | ||
| Q2 24 | $20.2B | $40.8B |
负债/权益比DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.80× | ||
| Q3 25 | 1.20× | 0.61× | ||
| Q2 25 | 1.14× | 0.60× | ||
| Q1 25 | 1.08× | 0.65× | ||
| Q4 24 | 1.04× | 0.66× | ||
| Q3 24 | 1.00× | 0.80× | ||
| Q2 24 | 0.98× | 0.80× |
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 | $107.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | 1.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCLBTYA
| Q1 26 | — | $107.6M | ||
| Q4 25 | $1.3B | $630.9M | ||
| Q3 25 | $315.0M | $301.8M | ||
| Q2 25 | $363.5M | $149.2M | ||
| Q1 25 | $279.4M | $129.2M | ||
| Q4 24 | $1.1B | $791.6M | ||
| Q3 24 | $318.2M | $449.5M | ||
| Q2 24 | $316.2M | $546.1M |
自由现金流DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $193.3M | ||
| Q3 25 | — | $-41.1M | ||
| Q2 25 | — | $-170.1M | ||
| Q1 25 | — | $-114.1M | ||
| Q4 24 | $333.7M | $712.9M | ||
| Q3 24 | — | $102.4M | ||
| Q2 24 | — | $256.8M |
自由现金流率DOCLBTYA
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 15.7% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -13.4% | ||
| Q1 25 | — | -9.7% | ||
| Q4 24 | 47.8% | -50.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 13.7% |
资本支出强度DOCLBTYA
| Q1 26 | — | 1.5% | ||
| Q4 25 | 124.4% | 35.5% | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | 105.6% | -5.6% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 15.4% |
现金转化率DOCLBTYA
| Q1 26 | — | 0.30× | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 0.35× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | 2.04× |
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
LBTYA
| Mobile Service | $775.2M | 32% |
| Fixed Service | $772.0M | 32% |
| Business | $308.7M | 13% |
| Wholesale | $256.9M | 11% |
| Business Service | $233.2M | 10% |
