vs
Healthpeak Properties（DOC）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是Healthpeak Properties的1.3倍（$938.6M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 2.7%，领先70.5%），Healthpeak Properties同比增速更快（3.1% vs -11.2%），Healthpeak Properties自由现金流更多（$357.0M vs $101.9M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -7.5%）
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。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
DOC vs LEG — 直观对比
营收规模更大
LEG
是对方的1.3倍
$719.4M
营收增速更快
DOC
高出14.2%
-11.2%
净利率更高
DOC
高出70.5%
2.7%
自由现金流更多
DOC
多$255.1M
$101.9M
两年增速更快
DOC
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $938.6M |
| 净利润 | $114.0M | $25.1M |
| 毛利率 | — | 17.9% |
| 营业利润率 | 17.4% | 2.0% |
| 净利率 | 73.2% | 2.7% |
| 营收同比 | 3.1% | -11.2% |
| 净利润同比 | 2406.4% | 76.8% |
| 每股收益（稀释后） | $0.16 | $0.18 |
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DOCLEG
| Q4 25 | $719.4M | $938.6M | ||
| Q3 25 | $705.9M | $1.0B | ||
| Q2 25 | $694.3M | $1.1B | ||
| Q1 25 | $702.9M | $1.0B | ||
| Q4 24 | $698.0M | $1.1B | ||
| Q3 24 | $700.4M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $606.6M | $1.1B |
净利润DOCLEG
| Q4 25 | $114.0M | $25.1M | ||
| Q3 25 | $-117.1M | $127.1M | ||
| Q2 25 | $31.7M | $52.5M | ||
| Q1 25 | $42.8M | $30.6M | ||
| Q4 24 | $4.5M | $14.2M | ||
| Q3 24 | $85.9M | $44.9M | ||
| Q2 24 | $146.0M | $-602.2M | ||
| Q1 24 | $6.7M | $31.6M |
毛利率DOCLEG
| Q4 25 | — | 17.9% | ||
| Q3 25 | 58.6% | 18.7% | ||
| Q2 25 | 60.2% | 18.2% | ||
| Q1 25 | 61.1% | 18.6% | ||
| Q4 24 | 60.3% | 16.6% | ||
| Q3 24 | 60.0% | 18.2% | ||
| Q2 24 | 60.6% | 16.5% | ||
| Q1 24 | 59.8% | 17.0% |
营业利润率DOCLEG
| Q4 25 | 17.4% | 2.0% | ||
| Q3 25 | 9.2% | 14.9% | ||
| Q2 25 | 5.7% | 6.8% | ||
| Q1 25 | 7.7% | 4.4% | ||
| Q4 24 | -2.2% | 2.4% | ||
| Q3 24 | 14.1% | 5.2% | ||
| Q2 24 | 22.3% | -56.2% | ||
| Q1 24 | 3.7% | 3.9% |
净利率DOCLEG
| Q4 25 | 73.2% | 2.7% | ||
| Q3 25 | -16.6% | 12.3% | ||
| Q2 25 | 4.6% | 5.0% | ||
| Q1 25 | 6.1% | 3.0% | ||
| Q4 24 | 0.7% | 1.3% | ||
| Q3 24 | 12.3% | 4.1% | ||
| Q2 24 | 21.0% | -53.4% | ||
| Q1 24 | 1.1% | 2.9% |
每股收益（稀释后）DOCLEG
| Q4 25 | $0.16 | $0.18 | ||
| Q3 25 | $-0.17 | $0.91 | ||
| Q2 25 | $0.05 | $0.38 | ||
| Q1 25 | $0.06 | $0.22 | ||
| Q4 24 | $0.02 | $0.10 | ||
| Q3 24 | $0.12 | $0.33 | ||
| Q2 24 | $0.21 | $-4.39 | ||
| 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 | $587.4M |
| 总债务越低越好 | $9.8B | $1.5B |
| 股东权益账面价值 | $7.5B | $1.0B |
| 总资产 | $20.3B | $3.5B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资DOCLEG
| Q4 25 | $467.5M | $587.4M | ||
| Q3 25 | $91.0M | $460.7M | ||
| Q2 25 | $89.4M | $368.8M | ||
| Q1 25 | $70.6M | $412.6M | ||
| Q4 24 | $119.8M | $350.2M | ||
| Q3 24 | $180.4M | $277.2M | ||
| Q2 24 | $106.9M | $307.0M | ||
| Q1 24 | $101.8M | $361.3M |
总债务DOCLEG
| Q4 25 | $9.8B | $1.5B | ||
| Q3 25 | $9.1B | $1.5B | ||
| Q2 25 | $9.0B | $1.8B | ||
| Q1 25 | $8.9B | $1.9B | ||
| Q4 24 | $8.7B | $1.9B | ||
| Q3 24 | $8.6B | $1.6B | ||
| Q2 24 | $8.6B | $1.7B | ||
| Q1 24 | $8.8B | $1.8B |
股东权益DOCLEG
| Q4 25 | $7.5B | $1.0B | ||
| Q3 25 | $7.6B | $971.8M | ||
| Q2 25 | $7.9B | $855.0M | ||
| Q1 25 | $8.2B | $746.8M | ||
| Q4 24 | $8.4B | $689.4M | ||
| Q3 24 | $8.6B | $741.0M | ||
| Q2 24 | $8.8B | $667.6M | ||
| Q1 24 | $8.9B | $1.3B |
总资产DOCLEG
| Q4 25 | $20.3B | $3.5B | ||
| Q3 25 | $19.6B | $3.5B | ||
| Q2 25 | $19.8B | $3.7B | ||
| Q1 25 | $19.8B | $3.7B | ||
| Q4 24 | $19.9B | $3.7B | ||
| Q3 24 | $20.0B | $3.8B | ||
| Q2 24 | $20.2B | $3.8B | ||
| Q1 24 | $20.5B | $4.6B |
负债/权益比DOCLEG
| Q4 25 | 1.31× | 1.46× | ||
| Q3 25 | 1.20× | 1.54× | ||
| Q2 25 | 1.14× | 2.10× | ||
| Q1 25 | 1.08× | 2.59× | ||
| Q4 24 | 1.04× | 2.70× | ||
| Q3 24 | 1.00× | 2.13× | ||
| Q2 24 | 0.98× | 2.55× | ||
| Q1 24 | 0.99× | 1.38× |
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 | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $101.9M |
| 自由现金流率自由现金流/营收 | 49.6% | 10.9% |
| 资本支出强度资本支出/营收 | 124.4% | 2.1% |
| 现金转化率经营现金流/净利润 | 10.99× | 4.84× |
| 过去12个月自由现金流最近4个季度 | — | $281.0M |
8季度趋势，按日历期对齐
经营现金流DOCLEG
| Q4 25 | $1.3B | $121.5M | ||
| Q3 25 | $315.0M | $125.9M | ||
| Q2 25 | $363.5M | $84.0M | ||
| Q1 25 | $279.4M | $6.8M | ||
| Q4 24 | $1.1B | $122.3M | ||
| Q3 24 | $318.2M | $95.5M | ||
| Q2 24 | $316.2M | $94.0M | ||
| Q1 24 | $152.6M | $-6.1M |
自由现金流DOCLEG
| Q4 25 | $357.0M | $101.9M | ||
| Q3 25 | — | $110.1M | ||
| Q2 25 | — | $75.5M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | $333.7M | $100.5M | ||
| Q3 24 | — | $77.1M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $-32.0M |
自由现金流率DOCLEG
| Q4 25 | 49.6% | 10.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | 47.8% | 9.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | -2.9% |
资本支出强度DOCLEG
| Q4 25 | 124.4% | 2.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 105.6% | 2.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.4% |
现金转化率DOCLEG
| Q4 25 | 10.99× | 4.84× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | 11.48× | 1.60× | ||
| Q1 25 | 6.52× | 0.22× | ||
| Q4 24 | 235.43× | 8.61× | ||
| Q3 24 | 3.71× | 2.13× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | -0.19× |
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
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
