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Healthpeak Properties（DOC）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是Healthpeak Properties的2.0倍（$1.4B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 17.7%，领先55.5%），罗技同比增速更快（6.1% vs 3.1%），罗技自由现金流更多（$465.6M vs $357.0M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
DOC vs LOGI — 直观对比
营收规模更大
LOGI
是对方的2.0倍
$719.4M
营收增速更快
LOGI
高出3.0%
3.1%
净利率更高
DOC
高出55.5%
17.7%
自由现金流更多
LOGI
多$108.6M
$357.0M
两年增速更快
LOGI
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.4B |
| 净利润 | $114.0M | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 17.4% | 20.1% |
| 净利率 | 73.2% | 17.7% |
| 营收同比 | 3.1% | 6.1% |
| 净利润同比 | 2406.4% | 25.4% |
| 每股收益（稀释后） | $0.16 | $1.69 |
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DOCLOGI
| Q4 25 | $719.4M | $1.4B | ||
| Q3 25 | $705.9M | $1.2B | ||
| Q2 25 | $694.3M | $1.1B | ||
| Q1 25 | $702.9M | $1.0B | ||
| Q4 24 | $698.0M | $1.3B | ||
| Q3 24 | $700.4M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $606.6M | $1.0B |
净利润DOCLOGI
| Q4 25 | $114.0M | $251.0M | ||
| Q3 25 | $-117.1M | $170.7M | ||
| Q2 25 | $31.7M | $146.0M | ||
| Q1 25 | $42.8M | $144.1M | ||
| Q4 24 | $4.5M | $200.1M | ||
| Q3 24 | $85.9M | $145.5M | ||
| Q2 24 | $146.0M | $141.8M | ||
| Q1 24 | $6.7M | $167.6M |
毛利率DOCLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | 58.6% | 43.4% | ||
| Q2 25 | 60.2% | 41.7% | ||
| Q1 25 | 61.1% | 43.1% | ||
| Q4 24 | 60.3% | 42.9% | ||
| Q3 24 | 60.0% | 43.6% | ||
| Q2 24 | 60.6% | 42.8% | ||
| Q1 24 | 59.8% | 43.2% |
营业利润率DOCLOGI
| Q4 25 | 17.4% | 20.1% | ||
| Q3 25 | 9.2% | 16.1% | ||
| Q2 25 | 5.7% | 14.1% | ||
| Q1 25 | 7.7% | 10.5% | ||
| Q4 24 | -2.2% | 17.5% | ||
| Q3 24 | 14.1% | 14.4% | ||
| Q2 24 | 22.3% | 14.1% | ||
| Q1 24 | 3.7% | 12.9% |
净利率DOCLOGI
| Q4 25 | 73.2% | 17.7% | ||
| Q3 25 | -16.6% | 14.4% | ||
| Q2 25 | 4.6% | 12.7% | ||
| Q1 25 | 6.1% | 14.3% | ||
| Q4 24 | 0.7% | 14.9% | ||
| Q3 24 | 12.3% | 13.0% | ||
| Q2 24 | 21.0% | 13.0% | ||
| Q1 24 | 1.1% | 16.6% |
每股收益（稀释后）DOCLOGI
| Q4 25 | $0.16 | $1.69 | ||
| Q3 25 | $-0.17 | $1.15 | ||
| Q2 25 | $0.05 | $0.98 | ||
| Q1 25 | $0.06 | $0.94 | ||
| Q4 24 | $0.02 | $1.32 | ||
| Q3 24 | $0.12 | $0.95 | ||
| Q2 24 | $0.21 | $0.92 | ||
| Q1 24 | $0.01 | $1.07 |
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 | $1.8B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $2.3B |
| 总资产 | $20.3B | $4.1B |
| 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DOCLOGI
| Q4 25 | $467.5M | $1.8B | ||
| Q3 25 | $91.0M | $1.4B | ||
| Q2 25 | $89.4M | $1.5B | ||
| Q1 25 | $70.6M | $1.5B | ||
| Q4 24 | $119.8M | $1.5B | ||
| Q3 24 | $180.4M | $1.4B | ||
| Q2 24 | $106.9M | $1.5B | ||
| Q1 24 | $101.8M | $1.5B |
总债务DOCLOGI
| 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DOCLOGI
| Q4 25 | $7.5B | $2.3B | ||
| Q3 25 | $7.6B | $2.1B | ||
| Q2 25 | $7.9B | $2.2B | ||
| Q1 25 | $8.2B | $2.1B | ||
| Q4 24 | $8.4B | $2.1B | ||
| Q3 24 | $8.6B | $2.1B | ||
| Q2 24 | $8.8B | $2.2B | ||
| Q1 24 | $8.9B | $2.2B |
总资产DOCLOGI
| Q4 25 | $20.3B | $4.1B | ||
| Q3 25 | $19.6B | $3.7B | ||
| Q2 25 | $19.8B | $3.7B | ||
| Q1 25 | $19.8B | $3.5B | ||
| Q4 24 | $19.9B | $3.7B | ||
| Q3 24 | $20.0B | $3.6B | ||
| Q2 24 | $20.2B | $3.7B | ||
| Q1 24 | $20.5B | $3.6B |
负债/权益比DOCLOGI
| 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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $465.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 32.8% |
| 资本支出强度资本支出/营收 | 124.4% | 1.0% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | $903.6M |
8季度趋势，按日历期对齐
经营现金流DOCLOGI
| Q4 25 | $1.3B | $480.5M | ||
| Q3 25 | $315.0M | $228.8M | ||
| Q2 25 | $363.5M | $125.0M | ||
| Q1 25 | $279.4M | $129.7M | ||
| Q4 24 | $1.1B | $370.9M | ||
| Q3 24 | $318.2M | $166.0M | ||
| Q2 24 | $316.2M | $176.0M | ||
| Q1 24 | $152.6M | $239.1M |
自由现金流DOCLOGI
| Q4 25 | $357.0M | $465.6M | ||
| Q3 25 | — | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | — | $116.9M | ||
| Q4 24 | $333.7M | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
自由现金流率DOCLOGI
| Q4 25 | 49.6% | 32.8% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | 47.8% | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
资本支出强度DOCLOGI
| Q4 25 | 124.4% | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 105.6% | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCLOGI
| Q4 25 | 10.99× | 1.91× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 11.48× | 0.86× | ||
| Q1 25 | 6.52× | 0.90× | ||
| Q4 24 | 235.43× | 1.85× | ||
| Q3 24 | 3.71× | 1.14× | ||
| Q2 24 | 2.17× | 1.24× | ||
| Q1 24 | 22.85× | 1.43× |
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
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
