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Healthpeak Properties（DOC）与Stride, Inc.（LRN）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Stride, Inc.的1.1倍（$719.4M vs $629.9M），Healthpeak Properties净利率更高（73.2% vs 14.1%，领先59.1%），Healthpeak Properties同比增速更快（3.1% vs 2.7%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 6.9%）
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。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
DOC vs LRN — 直观对比
营收规模更大
DOC
是对方的1.1倍
$629.9M
营收增速更快
DOC
高出0.4%
2.7%
净利率更高
DOC
高出59.1%
14.1%
两年增速更快
DOC
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $629.9M |
| 净利润 | $114.0M | $88.5M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 20.5% |
| 净利率 | 73.2% | 14.1% |
| 营收同比 | 3.1% | 2.7% |
| 净利润同比 | 2406.4% | 8.5% |
| 每股收益（稀释后） | $0.16 | $1.93 |
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DOCLRN
| Q3 26 | — | $629.9M | ||
| Q4 25 | $719.4M | $631.3M | ||
| Q3 25 | $705.9M | $620.9M | ||
| Q2 25 | $694.3M | $653.6M | ||
| Q1 25 | $702.9M | $613.4M | ||
| Q4 24 | $698.0M | $587.2M | ||
| Q3 24 | $700.4M | $551.1M | ||
| Q2 24 | $695.5M | — |
净利润DOCLRN
| Q3 26 | — | $88.5M | ||
| Q4 25 | $114.0M | $99.5M | ||
| Q3 25 | $-117.1M | $68.8M | ||
| Q2 25 | $31.7M | $51.3M | ||
| Q1 25 | $42.8M | $99.3M | ||
| Q4 24 | $4.5M | $96.4M | ||
| Q3 24 | $85.9M | $40.9M | ||
| Q2 24 | $146.0M | — |
毛利率DOCLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | 58.6% | 39.0% | ||
| Q2 25 | 60.2% | 36.6% | ||
| Q1 25 | 61.1% | 40.6% | ||
| Q4 24 | 60.3% | 40.8% | ||
| Q3 24 | 60.0% | 39.2% | ||
| Q2 24 | 60.6% | — |
营业利润率DOCLRN
| Q3 26 | — | 20.5% | ||
| Q4 25 | 17.4% | 23.3% | ||
| Q3 25 | 9.2% | 11.1% | ||
| Q2 25 | 5.7% | 8.7% | ||
| Q1 25 | 7.7% | 21.3% | ||
| Q4 24 | -2.2% | 21.3% | ||
| Q3 24 | 14.1% | 8.6% | ||
| Q2 24 | 22.3% | — |
净利率DOCLRN
| Q3 26 | — | 14.1% | ||
| Q4 25 | 73.2% | 15.8% | ||
| Q3 25 | -16.6% | 11.1% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | 6.1% | 16.2% | ||
| Q4 24 | 0.7% | 16.4% | ||
| Q3 24 | 12.3% | 7.4% | ||
| Q2 24 | 21.0% | — |
每股收益（稀释后）DOCLRN
| Q3 26 | — | $1.93 | ||
| Q4 25 | $0.16 | $2.12 | ||
| Q3 25 | $-0.17 | $1.40 | ||
| Q2 25 | $0.05 | $0.96 | ||
| Q1 25 | $0.06 | $2.02 | ||
| Q4 24 | $0.02 | $2.03 | ||
| Q3 24 | $0.12 | $0.94 | ||
| Q2 24 | $0.21 | — |
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 | $614.0M |
| 总债务越低越好 | $9.8B | $417.6M |
| 股东权益账面价值 | $7.5B | $1.6B |
| 总资产 | $20.3B | $2.4B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DOCLRN
| Q3 26 | — | $614.0M | ||
| Q4 25 | $467.5M | $625.7M | ||
| Q3 25 | $91.0M | $715.1M | ||
| Q2 25 | $89.4M | $985.3M | ||
| Q1 25 | $70.6M | $723.7M | ||
| Q4 24 | $119.8M | $717.5M | ||
| Q3 24 | $180.4M | $522.2M | ||
| Q2 24 | $106.9M | — |
总债务DOCLRN
| Q3 26 | — | $417.6M | ||
| Q4 25 | $9.8B | $417.2M | ||
| Q3 25 | $9.1B | $416.8M | ||
| Q2 25 | $9.0B | $416.3M | ||
| Q1 25 | $8.9B | $415.9M | ||
| Q4 24 | $8.7B | $415.5M | ||
| Q3 24 | $8.6B | $415.1M | ||
| Q2 24 | $8.6B | — |
股东权益DOCLRN
| Q3 26 | — | $1.6B | ||
| Q4 25 | $7.5B | $1.5B | ||
| Q3 25 | $7.6B | $1.5B | ||
| Q2 25 | $7.9B | $1.5B | ||
| Q1 25 | $8.2B | $1.4B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $8.6B | $1.2B | ||
| Q2 24 | $8.8B | — |
总资产DOCLRN
| Q3 26 | — | $2.4B | ||
| Q4 25 | $20.3B | $2.3B | ||
| Q3 25 | $19.6B | $2.3B | ||
| Q2 25 | $19.8B | $2.3B | ||
| Q1 25 | $19.8B | $2.2B | ||
| Q4 24 | $19.9B | $2.1B | ||
| Q3 24 | $20.0B | $2.0B | ||
| Q2 24 | $20.2B | — |
负债/权益比DOCLRN
| Q3 26 | — | 0.25× | ||
| Q4 25 | 1.31× | 0.27× | ||
| Q3 25 | 1.20× | 0.27× | ||
| Q2 25 | 1.14× | 0.28× | ||
| Q1 25 | 1.08× | 0.29× | ||
| Q4 24 | 1.04× | 0.32× | ||
| Q3 24 | 1.00× | 0.34× | ||
| Q2 24 | 0.98× | — |
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 | $117.0M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 10.99× | 1.32× |
| 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DOCLRN
| Q3 26 | — | $117.0M | ||
| Q4 25 | $1.3B | $91.8M | ||
| Q3 25 | $315.0M | $-195.8M | ||
| Q2 25 | $363.5M | $298.3M | ||
| Q1 25 | $279.4M | $53.1M | ||
| Q4 24 | $1.1B | $223.4M | ||
| Q3 24 | $318.2M | $-142.0M | ||
| Q2 24 | $316.2M | — |
自由现金流DOCLRN
| Q3 26 | — | — | ||
| Q4 25 | $357.0M | $91.6M | ||
| Q3 25 | — | $-196.1M | ||
| Q2 25 | — | $297.9M | ||
| Q1 25 | — | $52.9M | ||
| Q4 24 | $333.7M | $222.9M | ||
| Q3 24 | — | $-142.7M | ||
| Q2 24 | — | — |
自由现金流率DOCLRN
| Q3 26 | — | — | ||
| Q4 25 | 49.6% | 14.5% | ||
| Q3 25 | — | -31.6% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | 47.8% | 38.0% | ||
| Q3 24 | — | -25.9% | ||
| Q2 24 | — | — |
资本支出强度DOCLRN
| Q3 26 | — | — | ||
| Q4 25 | 124.4% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 105.6% | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — |
现金转化率DOCLRN
| Q3 26 | — | 1.32× | ||
| Q4 25 | 10.99× | 0.92× | ||
| Q3 25 | — | -2.85× | ||
| Q2 25 | 11.48× | 5.81× | ||
| Q1 25 | 6.52× | 0.53× | ||
| Q4 24 | 235.43× | 2.32× | ||
| Q3 24 | 3.71× | -3.47× | ||
| Q2 24 | 2.17× | — |
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
LRN
| General Education | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
