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Healthpeak Properties（DOC）与雷诺士国际（LII）财务数据对比。点击上方公司名可切换其他公司
雷诺士国际的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 13.6%，领先59.6%），Healthpeak Properties同比增速更快（3.1% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $357.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 6.8%）
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。
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
DOC vs LII — 直观对比
营收规模更大
LII
是对方的1.7倍
$719.4M
营收增速更快
DOC
高出14.2%
-11.2%
净利率更高
DOC
高出59.6%
13.6%
自由现金流更多
LII
多$19.7M
$357.0M
两年增速更快
DOC
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.2B |
| 净利润 | $114.0M | $162.1M |
| 毛利率 | — | 34.7% |
| 营业利润率 | 17.4% | 18.6% |
| 净利率 | 73.2% | 13.6% |
| 营收同比 | 3.1% | -11.2% |
| 净利润同比 | 2406.4% | -18.0% |
| 每股收益（稀释后） | $0.16 | $4.62 |
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DOCLII
| Q4 25 | $719.4M | $1.2B | ||
| Q3 25 | $705.9M | $1.4B | ||
| Q2 25 | $694.3M | $1.5B | ||
| Q1 25 | $702.9M | $1.1B | ||
| Q4 24 | $698.0M | $1.3B | ||
| Q3 24 | $700.4M | $1.5B | ||
| Q2 24 | $695.5M | $1.5B | ||
| Q1 24 | $606.6M | $1.0B |
净利润DOCLII
| Q4 25 | $114.0M | $162.1M | ||
| Q3 25 | $-117.1M | $245.8M | ||
| Q2 25 | $31.7M | $277.6M | ||
| Q1 25 | $42.8M | $120.3M | ||
| Q4 24 | $4.5M | $197.7M | ||
| Q3 24 | $85.9M | $239.0M | ||
| Q2 24 | $146.0M | $245.9M | ||
| Q1 24 | $6.7M | $124.3M |
毛利率DOCLII
| Q4 25 | — | 34.7% | ||
| Q3 25 | 58.6% | 32.8% | ||
| Q2 25 | 60.2% | 34.8% | ||
| Q1 25 | 61.1% | 30.6% | ||
| Q4 24 | 60.3% | 33.9% | ||
| Q3 24 | 60.0% | 32.6% | ||
| Q2 24 | 60.6% | 33.6% | ||
| Q1 24 | 59.8% | 32.5% |
营业利润率DOCLII
| Q4 25 | 17.4% | 18.6% | ||
| Q3 25 | 9.2% | 21.7% | ||
| Q2 25 | 5.7% | 23.6% | ||
| Q1 25 | 7.7% | 14.5% | ||
| Q4 24 | -2.2% | 18.2% | ||
| Q3 24 | 14.1% | 20.2% | ||
| Q2 24 | 22.3% | 22.1% | ||
| Q1 24 | 3.7% | 15.9% |
净利率DOCLII
| Q4 25 | 73.2% | 13.6% | ||
| Q3 25 | -16.6% | 17.2% | ||
| Q2 25 | 4.6% | 18.5% | ||
| Q1 25 | 6.1% | 11.2% | ||
| Q4 24 | 0.7% | 14.7% | ||
| Q3 24 | 12.3% | 16.0% | ||
| Q2 24 | 21.0% | 16.9% | ||
| Q1 24 | 1.1% | 11.9% |
每股收益（稀释后）DOCLII
| Q4 25 | $0.16 | $4.62 | ||
| Q3 25 | $-0.17 | $6.98 | ||
| Q2 25 | $0.05 | $7.82 | ||
| Q1 25 | $0.06 | $3.37 | ||
| Q4 24 | $0.02 | $5.52 | ||
| Q3 24 | $0.12 | $6.68 | ||
| Q2 24 | $0.21 | $6.87 | ||
| Q1 24 | $0.01 | $3.47 |
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 | $34.7M |
| 总债务越低越好 | $9.8B | $1.1B |
| 股东权益账面价值 | $7.5B | $1.2B |
| 总资产 | $20.3B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资DOCLII
| Q4 25 | $467.5M | $34.7M | ||
| Q3 25 | $91.0M | $59.2M | ||
| Q2 25 | $89.4M | $55.1M | ||
| Q1 25 | $70.6M | $222.9M | ||
| Q4 24 | $119.8M | $422.3M | ||
| Q3 24 | $180.4M | $255.7M | ||
| Q2 24 | $106.9M | $57.8M | ||
| Q1 24 | $101.8M | $57.6M |
总债务DOCLII
| Q4 25 | $9.8B | $1.1B | ||
| Q3 25 | $9.1B | $838.2M | ||
| Q2 25 | $9.0B | $835.7M | ||
| Q1 25 | $8.9B | $834.2M | ||
| Q4 24 | $8.7B | $833.1M | ||
| Q3 24 | $8.6B | $827.6M | ||
| Q2 24 | $8.6B | $1.1B | ||
| Q1 24 | $8.8B | $1.2B |
股东权益DOCLII
| Q4 25 | $7.5B | $1.2B | ||
| Q3 25 | $7.6B | $1.1B | ||
| Q2 25 | $7.9B | $900.5M | ||
| Q1 25 | $8.2B | $852.5M | ||
| Q4 24 | $8.4B | $850.2M | ||
| Q3 24 | $8.6B | $754.0M | ||
| Q2 24 | $8.8B | $577.4M | ||
| Q1 24 | $8.9B | $368.8M |
总资产DOCLII
| Q4 25 | $20.3B | $4.1B | ||
| Q3 25 | $19.6B | $3.5B | ||
| Q2 25 | $19.8B | $3.7B | ||
| Q1 25 | $19.8B | $3.5B | ||
| Q4 24 | $19.9B | $3.5B | ||
| Q3 24 | $20.0B | $3.3B | ||
| Q2 24 | $20.2B | $3.2B | ||
| Q1 24 | $20.5B | $3.0B |
负债/权益比DOCLII
| Q4 25 | 1.31× | 0.98× | ||
| Q3 25 | 1.20× | 0.78× | ||
| Q2 25 | 1.14× | 0.93× | ||
| Q1 25 | 1.08× | 0.98× | ||
| Q4 24 | 1.04× | 0.98× | ||
| Q3 24 | 1.00× | 1.10× | ||
| Q2 24 | 0.98× | 1.95× | ||
| Q1 24 | 0.99× | 3.13× |
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 | $405.9M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $376.7M |
| 自由现金流率自由现金流/营收 | 49.6% | 31.5% |
| 资本支出强度资本支出/营收 | 124.4% | 2.4% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.50× |
| 过去12个月自由现金流最近4个季度 | — | $638.8M |
8季度趋势，按日历期对齐
经营现金流DOCLII
| Q4 25 | $1.3B | $405.9M | ||
| Q3 25 | $315.0M | $300.7M | ||
| Q2 25 | $363.5M | $86.8M | ||
| Q1 25 | $279.4M | $-35.8M | ||
| Q4 24 | $1.1B | $332.4M | ||
| Q3 24 | $318.2M | $452.1M | ||
| Q2 24 | $316.2M | $184.0M | ||
| Q1 24 | $152.6M | $-22.8M |
自由现金流DOCLII
| Q4 25 | $357.0M | $376.7M | ||
| Q3 25 | — | $265.1M | ||
| Q2 25 | — | $58.3M | ||
| Q1 25 | — | $-61.3M | ||
| Q4 24 | $333.7M | $272.2M | ||
| Q3 24 | — | $410.9M | ||
| Q2 24 | — | $151.3M | ||
| Q1 24 | — | $-52.3M |
自由现金流率DOCLII
| Q4 25 | 49.6% | 31.5% | ||
| Q3 25 | — | 18.6% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -5.7% | ||
| Q4 24 | 47.8% | 20.2% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | -5.0% |
资本支出强度DOCLII
| Q4 25 | 124.4% | 2.4% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 105.6% | 4.5% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 2.8% |
现金转化率DOCLII
| Q4 25 | 10.99× | 2.50× | ||
| Q3 25 | — | 1.22× | ||
| Q2 25 | 11.48× | 0.31× | ||
| Q1 25 | 6.52× | -0.30× | ||
| Q4 24 | 235.43× | 1.68× | ||
| Q3 24 | 3.71× | 1.89× | ||
| Q2 24 | 2.17× | 0.75× | ||
| Q1 24 | 22.85× | -0.18× |
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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
