vs
Healthpeak Properties（DOC）与LGI Homes, Inc.（LGIH）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LGI Homes, Inc.的1.5倍（$719.4M vs $474.0M），Healthpeak Properties净利率更高（73.2% vs 3.7%，领先69.5%），Healthpeak Properties同比增速更快（3.1% vs -15.0%），过去两年LGI Homes, Inc.的营收复合增速更高（10.1% 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。
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
DOC vs LGIH — 直观对比
营收规模更大
DOC
是对方的1.5倍
$474.0M
营收增速更快
DOC
高出18.0%
-15.0%
净利率更高
DOC
高出69.5%
3.7%
两年增速更快
LGIH
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $474.0M |
| 净利润 | $114.0M | $17.3M |
| 毛利率 | — | 17.7% |
| 营业利润率 | 17.4% | 3.9% |
| 净利率 | 73.2% | 3.7% |
| 营收同比 | 3.1% | -15.0% |
| 净利润同比 | 2406.4% | -66.0% |
| 每股收益（稀释后） | $0.16 | $0.74 |
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DOCLGIH
| Q4 25 | $719.4M | $474.0M | ||
| Q3 25 | $705.9M | $396.6M | ||
| Q2 25 | $694.3M | $483.5M | ||
| Q1 25 | $702.9M | $351.4M | ||
| Q4 24 | $698.0M | $557.4M | ||
| Q3 24 | $700.4M | $651.9M | ||
| Q2 24 | $695.5M | $602.5M | ||
| Q1 24 | $606.6M | $390.9M |
净利润DOCLGIH
| Q4 25 | $114.0M | $17.3M | ||
| Q3 25 | $-117.1M | $19.7M | ||
| Q2 25 | $31.7M | $31.5M | ||
| Q1 25 | $42.8M | $4.0M | ||
| Q4 24 | $4.5M | $50.9M | ||
| Q3 24 | $85.9M | $69.6M | ||
| Q2 24 | $146.0M | $58.6M | ||
| Q1 24 | $6.7M | $17.1M |
毛利率DOCLGIH
| Q4 25 | — | 17.7% | ||
| Q3 25 | 58.6% | 21.5% | ||
| Q2 25 | 60.2% | 22.9% | ||
| Q1 25 | 61.1% | 21.0% | ||
| Q4 24 | 60.3% | 22.9% | ||
| Q3 24 | 60.0% | 25.1% | ||
| Q2 24 | 60.6% | 25.0% | ||
| Q1 24 | 59.8% | 23.4% |
营业利润率DOCLGIH
| Q4 25 | 17.4% | 3.9% | ||
| Q3 25 | 9.2% | 5.4% | ||
| Q2 25 | 5.7% | 8.2% | ||
| Q1 25 | 7.7% | 0.0% | ||
| Q4 24 | -2.2% | 8.2% | ||
| Q3 24 | 14.1% | 12.3% | ||
| Q2 24 | 22.3% | 11.2% | ||
| Q1 24 | 3.7% | 4.8% |
净利率DOCLGIH
| Q4 25 | 73.2% | 3.7% | ||
| Q3 25 | -16.6% | 5.0% | ||
| Q2 25 | 4.6% | 6.5% | ||
| Q1 25 | 6.1% | 1.1% | ||
| Q4 24 | 0.7% | 9.1% | ||
| Q3 24 | 12.3% | 10.7% | ||
| Q2 24 | 21.0% | 9.7% | ||
| Q1 24 | 1.1% | 4.4% |
每股收益（稀释后）DOCLGIH
| Q4 25 | $0.16 | $0.74 | ||
| Q3 25 | $-0.17 | $0.85 | ||
| Q2 25 | $0.05 | $1.36 | ||
| Q1 25 | $0.06 | $0.17 | ||
| Q4 24 | $0.02 | $2.15 | ||
| Q3 24 | $0.12 | $2.95 | ||
| Q2 24 | $0.21 | $2.48 | ||
| Q1 24 | $0.01 | $0.72 |
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 | — |
| 总债务越低越好 | $9.8B | $1.7B |
| 股东权益账面价值 | $7.5B | $2.1B |
| 总资产 | $20.3B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资DOCLGIH
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | $53.2M | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCLGIH
| Q4 25 | $9.8B | $1.7B | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $1.5B | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCLGIH
| Q4 25 | $7.5B | $2.1B | ||
| Q3 25 | $7.6B | $2.1B | ||
| Q2 25 | $7.9B | $2.1B | ||
| Q1 25 | $8.2B | $2.0B | ||
| Q4 24 | $8.4B | $2.0B | ||
| Q3 24 | $8.6B | $2.0B | ||
| Q2 24 | $8.8B | $1.9B | ||
| Q1 24 | $8.9B | $1.9B |
总资产DOCLGIH
| Q4 25 | $20.3B | $3.9B | ||
| Q3 25 | $19.6B | $4.0B | ||
| Q2 25 | $19.8B | $4.0B | ||
| Q1 25 | $19.8B | $3.9B | ||
| Q4 24 | $19.9B | $3.8B | ||
| Q3 24 | $20.0B | $3.8B | ||
| Q2 24 | $20.2B | $3.7B | ||
| Q1 24 | $20.5B | $3.5B |
负债/权益比DOCLGIH
| Q4 25 | 1.31× | 0.79× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 0.73× | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.98× | — | ||
| Q1 24 | 0.99× | — |
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 | $86.8M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | 10.99× | 5.01× |
| 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DOCLGIH
| Q4 25 | $1.3B | $86.8M | ||
| Q3 25 | $315.0M | $-13.2M | ||
| Q2 25 | $363.5M | $-86.4M | ||
| Q1 25 | $279.4M | $-127.1M | ||
| Q4 24 | $1.1B | $57.0M | ||
| Q3 24 | $318.2M | $-17.8M | ||
| Q2 24 | $316.2M | $-83.5M | ||
| Q1 24 | $152.6M | $-99.5M |
自由现金流DOCLGIH
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $-13.3M | ||
| Q2 25 | — | $-86.4M | ||
| Q1 25 | — | $-128.0M | ||
| Q4 24 | $333.7M | $56.4M | ||
| Q3 24 | — | $-17.8M | ||
| Q2 24 | — | $-83.8M | ||
| Q1 24 | — | $-100.5M |
自由现金流率DOCLGIH
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | -3.3% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -36.4% | ||
| Q4 24 | 47.8% | 10.1% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | -13.9% | ||
| Q1 24 | — | -25.7% |
资本支出强度DOCLGIH
| Q4 25 | 124.4% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 105.6% | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.3% |
现金转化率DOCLGIH
| Q4 25 | 10.99× | 5.01× | ||
| Q3 25 | — | -0.67× | ||
| Q2 25 | 11.48× | -2.74× | ||
| Q1 25 | 6.52× | -31.83× | ||
| Q4 24 | 235.43× | 1.12× | ||
| Q3 24 | 3.71× | -0.26× | ||
| Q2 24 | 2.17× | -1.43× | ||
| Q1 24 | 22.85× | -5.83× |
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
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
