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Healthpeak Properties（DOC）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是朗美通的1.1倍（$719.4M vs $665.5M），Healthpeak Properties净利率更高（73.2% vs 11.8%，领先61.4%），朗美通同比增速更快（65.5% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% 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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
DOC vs LITE — 直观对比
营收规模更大
DOC
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出62.4%
3.1%
净利率更高
DOC
高出61.4%
11.8%
自由现金流更多
DOC
多$313.9M
$43.1M
两年增速更快
LITE
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $665.5M |
| 净利润 | $114.0M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 17.4% | 9.7% |
| 净利率 | 73.2% | 11.8% |
| 营收同比 | 3.1% | 65.5% |
| 净利润同比 | 2406.4% | 228.4% |
| 每股收益（稀释后） | $0.16 | $0.89 |
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DOCLITE
| Q4 25 | $719.4M | $665.5M | ||
| Q3 25 | $705.9M | $533.8M | ||
| Q2 25 | $694.3M | $480.7M | ||
| Q1 25 | $702.9M | $425.2M | ||
| Q4 24 | $698.0M | $402.2M | ||
| Q3 24 | $700.4M | $336.9M | ||
| Q2 24 | $695.5M | $308.3M | ||
| Q1 24 | $606.6M | $366.5M |
净利润DOCLITE
| Q4 25 | $114.0M | $78.2M | ||
| Q3 25 | $-117.1M | $4.2M | ||
| Q2 25 | $31.7M | $213.3M | ||
| Q1 25 | $42.8M | $-44.1M | ||
| Q4 24 | $4.5M | $-60.9M | ||
| Q3 24 | $85.9M | $-82.4M | ||
| Q2 24 | $146.0M | $-252.5M | ||
| Q1 24 | $6.7M | $-127.0M |
毛利率DOCLITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | 58.6% | 34.0% | ||
| Q2 25 | 60.2% | 33.3% | ||
| Q1 25 | 61.1% | 28.8% | ||
| Q4 24 | 60.3% | 24.8% | ||
| Q3 24 | 60.0% | 23.1% | ||
| Q2 24 | 60.6% | 16.6% | ||
| Q1 24 | 59.8% | 16.2% |
营业利润率DOCLITE
| Q4 25 | 17.4% | 9.7% | ||
| Q3 25 | 9.2% | 1.3% | ||
| Q2 25 | 5.7% | -1.7% | ||
| Q1 25 | 7.7% | -8.9% | ||
| Q4 24 | -2.2% | -12.8% | ||
| Q3 24 | 14.1% | -24.5% | ||
| Q2 24 | 22.3% | -43.3% | ||
| Q1 24 | 3.7% | -31.3% |
净利率DOCLITE
| Q4 25 | 73.2% | 11.8% | ||
| Q3 25 | -16.6% | 0.8% | ||
| Q2 25 | 4.6% | 44.4% | ||
| Q1 25 | 6.1% | -10.4% | ||
| Q4 24 | 0.7% | -15.1% | ||
| Q3 24 | 12.3% | -24.5% | ||
| Q2 24 | 21.0% | -81.9% | ||
| Q1 24 | 1.1% | -34.7% |
每股收益（稀释后）DOCLITE
| Q4 25 | $0.16 | $0.89 | ||
| Q3 25 | $-0.17 | $0.05 | ||
| Q2 25 | $0.05 | $3.10 | ||
| Q1 25 | $0.06 | $-0.64 | ||
| Q4 24 | $0.02 | $-0.88 | ||
| Q3 24 | $0.12 | $-1.21 | ||
| Q2 24 | $0.21 | $-3.75 | ||
| Q1 24 | $0.01 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $846.6M |
| 总资产 | $20.3B | $4.8B |
| 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DOCLITE
| Q4 25 | $467.5M | $1.2B | ||
| Q3 25 | $91.0M | $1.1B | ||
| Q2 25 | $89.4M | $877.1M | ||
| Q1 25 | $70.6M | $866.7M | ||
| Q4 24 | $119.8M | $896.7M | ||
| Q3 24 | $180.4M | $916.1M | ||
| Q2 24 | $106.9M | $887.0M | ||
| Q1 24 | $101.8M | $870.9M |
总债务DOCLITE
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCLITE
| Q4 25 | $7.5B | $846.6M | ||
| Q3 25 | $7.6B | $780.8M | ||
| Q2 25 | $7.9B | $1.1B | ||
| Q1 25 | $8.2B | $879.5M | ||
| Q4 24 | $8.4B | $872.3M | ||
| Q3 24 | $8.6B | $895.9M | ||
| Q2 24 | $8.8B | $957.3M | ||
| Q1 24 | $8.9B | $1.2B |
总资产DOCLITE
| Q4 25 | $20.3B | $4.8B | ||
| Q3 25 | $19.6B | $4.6B | ||
| Q2 25 | $19.8B | $4.2B | ||
| Q1 25 | $19.8B | $4.0B | ||
| Q4 24 | $19.9B | $4.0B | ||
| Q3 24 | $20.0B | $4.0B | ||
| Q2 24 | $20.2B | $3.9B | ||
| Q1 24 | $20.5B | $4.2B |
负债/权益比DOCLITE
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| 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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $43.1M |
| 自由现金流率自由现金流/营收 | 49.6% | 6.5% |
| 资本支出强度资本支出/营收 | 124.4% | 12.6% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $-29.5M |
8季度趋势，按日历期对齐
经营现金流DOCLITE
| Q4 25 | $1.3B | $126.7M | ||
| Q3 25 | $315.0M | $57.9M | ||
| Q2 25 | $363.5M | $64.0M | ||
| Q1 25 | $279.4M | $-1.6M | ||
| Q4 24 | $1.1B | $24.3M | ||
| Q3 24 | $318.2M | $39.6M | ||
| Q2 24 | $316.2M | $35.5M | ||
| Q1 24 | $152.6M | $-7.0M |
自由现金流DOCLITE
| Q4 25 | $357.0M | $43.1M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | — | $10.1M | ||
| Q1 25 | — | $-64.4M | ||
| Q4 24 | $333.7M | $-15.9M | ||
| Q3 24 | — | $-34.5M | ||
| Q2 24 | — | $10.9M | ||
| Q1 24 | — | $-26.6M |
自由现金流率DOCLITE
| Q4 25 | 49.6% | 6.5% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | -15.1% | ||
| Q4 24 | 47.8% | -4.0% | ||
| Q3 24 | — | -10.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | -7.3% |
资本支出强度DOCLITE
| Q4 25 | 124.4% | 12.6% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 14.8% | ||
| Q4 24 | 105.6% | 10.0% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 5.3% |
现金转化率DOCLITE
| Q4 25 | 10.99× | 1.62× | ||
| Q3 25 | — | 13.79× | ||
| Q2 25 | 11.48× | 0.30× | ||
| Q1 25 | 6.52× | — | ||
| 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
业务分部营收拆解
DOC
暂无分部数据
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
