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Healthpeak Properties（DOC）与LifeStance Health Group, Inc.（LFST）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LifeStance Health Group, Inc.的1.9倍（$719.4M vs $382.2M），Healthpeak Properties净利率更高（73.2% vs 3.1%，领先70.1%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $46.6M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% 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。
LifeStance Health Group是美国的门诊行为健康服务提供商，支持线下面诊与远程诊疗两种服务模式，业务涵盖心理咨询、精神科诊疗、经颅磁刺激（TMS）以及氯胺酮治疗等。该公司曾多次因劳动违规、客户信息泄露及误导投资者相关问题遭遇诉讼。
DOC vs LFST — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $382.2M |
| 净利润 | $114.0M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 4.7% |
| 净利率 | 73.2% | 3.1% |
| 营收同比 | 3.1% | 17.4% |
| 净利润同比 | 2406.4% | 264.1% |
| 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
| Q4 25 | $719.4M | $382.2M | ||
| Q3 25 | $705.9M | $363.8M | ||
| Q2 25 | $694.3M | $345.3M | ||
| Q1 25 | $702.9M | $333.0M | ||
| Q4 24 | $698.0M | $325.5M | ||
| Q3 24 | $700.4M | $312.7M | ||
| Q2 24 | $695.5M | $312.3M | ||
| Q1 24 | $606.6M | $300.4M |
| Q4 25 | $114.0M | $11.7M | ||
| Q3 25 | $-117.1M | $1.1M | ||
| Q2 25 | $31.7M | $-3.8M | ||
| Q1 25 | $42.8M | $709.0K | ||
| Q4 24 | $4.5M | $-7.1M | ||
| Q3 24 | $85.9M | $-6.0M | ||
| Q2 24 | $146.0M | $-23.3M | ||
| Q1 24 | $6.7M | $-21.1M |
| 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% | 4.7% | ||
| Q3 25 | 9.2% | 2.0% | ||
| Q2 25 | 5.7% | -0.9% | ||
| Q1 25 | 7.7% | 0.5% | ||
| Q4 24 | -2.2% | 0.3% | ||
| Q3 24 | 14.1% | 0.0% | ||
| Q2 24 | 22.3% | -5.1% | ||
| Q1 24 | 3.7% | -5.6% |
| Q4 25 | 73.2% | 3.1% | ||
| Q3 25 | -16.6% | 0.3% | ||
| Q2 25 | 4.6% | -1.1% | ||
| Q1 25 | 6.1% | 0.2% | ||
| Q4 24 | 0.7% | -2.2% | ||
| Q3 24 | 12.3% | -1.9% | ||
| Q2 24 | 21.0% | -7.5% | ||
| Q1 24 | 1.1% | -7.0% |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.01 | — |
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 | $248.6M |
| 总债务越低越好 | $9.8B | $282.8M |
| 股东权益账面价值 | $7.5B | $1.5B |
| 总资产 | $20.3B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.19× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $248.6M | ||
| Q3 25 | $91.0M | $203.9M | ||
| Q2 25 | $89.4M | $188.9M | ||
| Q1 25 | $70.6M | $134.3M | ||
| Q4 24 | $119.8M | $154.6M | ||
| Q3 24 | $180.4M | $102.6M | ||
| Q2 24 | $106.9M | $87.0M | ||
| Q1 24 | $101.8M | $49.5M |
| Q4 25 | $9.8B | $282.8M | ||
| Q3 25 | $9.1B | $284.6M | ||
| Q2 25 | $9.0B | $286.4M | ||
| Q1 25 | $8.9B | $288.2M | ||
| Q4 24 | $8.7B | $290.0M | ||
| Q3 24 | $8.6B | $287.3M | ||
| Q2 24 | $8.6B | $288.0M | ||
| Q1 24 | $8.8B | $288.8M |
| Q4 25 | $7.5B | $1.5B | ||
| Q3 25 | $7.6B | $1.5B | ||
| Q2 25 | $7.9B | $1.5B | ||
| Q1 25 | $8.2B | $1.5B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.8B | $1.4B | ||
| Q1 24 | $8.9B | $1.4B |
| Q4 25 | $20.3B | $2.2B | ||
| Q3 25 | $19.6B | $2.1B | ||
| Q2 25 | $19.8B | $2.1B | ||
| Q1 25 | $19.8B | $2.1B | ||
| Q4 24 | $19.9B | $2.1B | ||
| Q3 24 | $20.0B | $2.1B | ||
| Q2 24 | $20.2B | $2.1B | ||
| Q1 24 | $20.5B | $2.1B |
| Q4 25 | 1.31× | 0.19× | ||
| Q3 25 | 1.20× | 0.19× | ||
| Q2 25 | 1.14× | 0.19× | ||
| Q1 25 | 1.08× | 0.20× | ||
| Q4 24 | 1.04× | 0.20× | ||
| Q3 24 | 1.00× | 0.20× | ||
| Q2 24 | 0.98× | 0.20× | ||
| Q1 24 | 0.99× | 0.20× |
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 | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $46.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 12.2% |
| 资本支出强度资本支出/营收 | 124.4% | 2.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 4.93× |
| 过去12个月自由现金流最近4个季度 | — | $110.0M |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $57.6M | ||
| Q3 25 | $315.0M | $27.3M | ||
| Q2 25 | $363.5M | $64.4M | ||
| Q1 25 | $279.4M | $-3.1M | ||
| Q4 24 | $1.1B | $62.3M | ||
| Q3 24 | $318.2M | $22.7M | ||
| Q2 24 | $316.2M | $44.1M | ||
| Q1 24 | $152.6M | $-21.8M |
| Q4 25 | $357.0M | $46.6M | ||
| Q3 25 | — | $17.0M | ||
| Q2 25 | — | $56.6M | ||
| Q1 25 | — | $-10.3M | ||
| Q4 24 | $333.7M | $56.0M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $-26.9M |
| Q4 25 | 49.6% | 12.2% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | 47.8% | 17.2% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -9.0% |
| Q4 25 | 124.4% | 2.9% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 105.6% | 1.9% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 10.99× | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | -4.36× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
