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Healthpeak Properties（DOC）与MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.4倍（$719.4M vs $522.6M），Healthpeak Properties净利率更高（73.2% vs 14.6%，领先58.6%），Healthpeak Properties同比增速更快（3.1% vs -1.6%），Healthpeak Properties自由现金流更多（$357.0M vs $-336.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -5.7%）
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。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
DOC vs MDU — 直观对比
营收规模更大
DOC
是对方的1.4倍
$522.6M
营收增速更快
DOC
高出4.6%
-1.6%
净利率更高
DOC
高出58.6%
14.6%
自由现金流更多
DOC
多$693.0M
$-336.0M
两年增速更快
DOC
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $522.6M |
| 净利润 | $114.0M | $76.3M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 20.5% |
| 净利率 | 73.2% | 14.6% |
| 营收同比 | 3.1% | -1.6% |
| 净利润同比 | 2406.4% | 38.4% |
| 每股收益（稀释后） | $0.16 | $0.37 |
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DOCMDU
| Q4 25 | $719.4M | $522.6M | ||
| Q3 25 | $705.9M | $313.6M | ||
| Q2 25 | $694.3M | $348.7M | ||
| Q1 25 | $702.9M | $678.0M | ||
| Q4 24 | $698.0M | $531.0M | ||
| Q3 24 | $700.4M | $290.7M | ||
| Q2 24 | $695.5M | $343.1M | ||
| Q1 24 | $606.6M | $588.2M |
净利润DOCMDU
| Q4 25 | $114.0M | $76.3M | ||
| Q3 25 | $-117.1M | $18.3M | ||
| Q2 25 | $31.7M | $13.8M | ||
| Q1 25 | $42.8M | $82.0M | ||
| Q4 24 | $4.5M | $55.2M | ||
| Q3 24 | $85.9M | $64.6M | ||
| Q2 24 | $146.0M | $60.4M | ||
| Q1 24 | $6.7M | $100.9M |
毛利率DOCMDU
| Q4 25 | — | — | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 60.2% | — | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 60.6% | — | ||
| Q1 24 | 59.8% | — |
营业利润率DOCMDU
| Q4 25 | 17.4% | 20.5% | ||
| Q3 25 | 9.2% | 12.7% | ||
| Q2 25 | 5.7% | 8.7% | ||
| Q1 25 | 7.7% | 16.6% | ||
| Q4 24 | -2.2% | 17.8% | ||
| Q3 24 | 14.1% | 12.0% | ||
| Q2 24 | 22.3% | 11.5% | ||
| Q1 24 | 3.7% | 16.4% |
净利率DOCMDU
| Q4 25 | 73.2% | 14.6% | ||
| Q3 25 | -16.6% | 5.8% | ||
| Q2 25 | 4.6% | 4.0% | ||
| Q1 25 | 6.1% | 12.1% | ||
| Q4 24 | 0.7% | 10.4% | ||
| Q3 24 | 12.3% | 22.2% | ||
| Q2 24 | 21.0% | 17.6% | ||
| Q1 24 | 1.1% | 17.2% |
每股收益（稀释后）DOCMDU
| Q4 25 | $0.16 | $0.37 | ||
| Q3 25 | $-0.17 | $0.09 | ||
| Q2 25 | $0.05 | $0.07 | ||
| Q1 25 | $0.06 | $0.40 | ||
| Q4 24 | $0.02 | $0.26 | ||
| Q3 24 | $0.12 | $0.32 | ||
| Q2 24 | $0.21 | $0.30 | ||
| Q1 24 | $0.01 | $0.49 |
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 | $28.2M |
| 总债务越低越好 | $9.8B | $2.7B |
| 股东权益账面价值 | $7.5B | $2.8B |
| 总资产 | $20.3B | $7.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资DOCMDU
| Q4 25 | $467.5M | $28.2M | ||
| Q3 25 | $91.0M | $75.9M | ||
| Q2 25 | $89.4M | $58.8M | ||
| Q1 25 | $70.6M | $59.5M | ||
| Q4 24 | $119.8M | $66.9M | ||
| Q3 24 | $180.4M | $88.3M | ||
| Q2 24 | $106.9M | $78.8M | ||
| Q1 24 | $101.8M | $72.7M |
总债务DOCMDU
| Q4 25 | $9.8B | $2.7B | ||
| Q3 25 | $9.1B | $2.4B | ||
| Q2 25 | $9.0B | $2.2B | ||
| Q1 25 | $8.9B | $2.2B | ||
| Q4 24 | $8.7B | $2.3B | ||
| Q3 24 | $8.6B | $2.3B | ||
| Q2 24 | $8.6B | $2.3B | ||
| Q1 24 | $8.8B | $2.3B |
股东权益DOCMDU
| Q4 25 | $7.5B | $2.8B | ||
| Q3 25 | $7.6B | $2.7B | ||
| Q2 25 | $7.9B | $2.7B | ||
| Q1 25 | $8.2B | $2.7B | ||
| Q4 24 | $8.4B | $2.7B | ||
| Q3 24 | $8.6B | $3.1B | ||
| Q2 24 | $8.8B | $3.0B | ||
| Q1 24 | $8.9B | $3.0B |
总资产DOCMDU
| Q4 25 | $20.3B | $7.6B | ||
| Q3 25 | $19.6B | $7.2B | ||
| Q2 25 | $19.8B | $6.9B | ||
| Q1 25 | $19.8B | $7.0B | ||
| Q4 24 | $19.9B | $7.0B | ||
| Q3 24 | $20.0B | $8.2B | ||
| Q2 24 | $20.2B | $8.0B | ||
| Q1 24 | $20.5B | $7.8B |
负债/权益比DOCMDU
| Q4 25 | 1.31× | 0.97× | ||
| Q3 25 | 1.20× | 0.86× | ||
| Q2 25 | 1.14× | 0.80× | ||
| Q1 25 | 1.08× | 0.80× | ||
| Q4 24 | 1.04× | 0.85× | ||
| Q3 24 | 1.00× | 0.76× | ||
| Q2 24 | 0.98× | 0.75× | ||
| Q1 24 | 0.99× | 0.76× |
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 | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-336.0M |
| 自由现金流率自由现金流/营收 | 49.6% | -64.3% |
| 资本支出强度资本支出/营收 | 124.4% | 79.7% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $-297.0M |
8季度趋势，按日历期对齐
经营现金流DOCMDU
| Q4 25 | $1.3B | $80.6M | ||
| Q3 25 | $315.0M | $57.9M | ||
| Q2 25 | $363.5M | $117.4M | ||
| Q1 25 | $279.4M | $217.5M | ||
| Q4 24 | $1.1B | $60.5M | ||
| Q3 24 | $318.2M | $140.2M | ||
| Q2 24 | $316.2M | $136.5M | ||
| Q1 24 | $152.6M | $165.1M |
自由现金流DOCMDU
| Q4 25 | $357.0M | $-336.0M | ||
| Q3 25 | — | $-121.9M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | $124.4M | ||
| Q4 24 | $333.7M | $-95.8M | ||
| Q3 24 | — | $673.0K | ||
| Q2 24 | — | $26.5M | ||
| Q1 24 | — | $48.1M |
自由现金流率DOCMDU
| Q4 25 | 49.6% | -64.3% | ||
| Q3 25 | — | -38.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 18.4% | ||
| Q4 24 | 47.8% | -18.0% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | 8.2% |
资本支出强度DOCMDU
| Q4 25 | 124.4% | 79.7% | ||
| Q3 25 | — | 57.3% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 105.6% | 29.4% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 32.0% | ||
| Q1 24 | — | 19.9% |
现金转化率DOCMDU
| Q4 25 | 10.99× | 1.06× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | 11.48× | 8.52× | ||
| Q1 25 | 6.52× | 2.65× | ||
| Q4 24 | 235.43× | 1.10× | ||
| Q3 24 | 3.71× | 2.17× | ||
| Q2 24 | 2.17× | 2.26× | ||
| Q1 24 | 22.85× | 1.64× |
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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
