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Healthpeak Properties（DOC）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是麦格劳希尔的1.7倍（$719.4M vs $434.2M），Healthpeak Properties净利率更高（73.2% vs -4.7%，领先77.8%），Healthpeak Properties同比增速更快（3.1% vs -35.1%），Healthpeak Properties自由现金流更多（$357.0M vs $285.4M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
DOC vs MH — 直观对比
营收规模更大
DOC
是对方的1.7倍
$434.2M
营收增速更快
DOC
高出38.2%
-35.1%
净利率更高
DOC
高出77.8%
-4.7%
自由现金流更多
DOC
多$71.6M
$285.4M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $434.2M |
| 净利润 | $114.0M | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | 17.4% | 7.0% |
| 净利率 | 73.2% | -4.7% |
| 营收同比 | 3.1% | -35.1% |
| 净利润同比 | 2406.4% | -119.2% |
| 每股收益（稀释后） | $0.16 | $-0.11 |
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DOCMH
| Q4 25 | $719.4M | $434.2M | ||
| Q3 25 | $705.9M | $669.2M | ||
| Q2 25 | $694.3M | $535.7M | ||
| Q1 25 | $702.9M | — | ||
| Q4 24 | $698.0M | — | ||
| Q3 24 | $700.4M | — | ||
| Q2 24 | $695.5M | — | ||
| Q1 24 | $606.6M | — |
净利润DOCMH
| Q4 25 | $114.0M | $-20.2M | ||
| Q3 25 | $-117.1M | $105.3M | ||
| Q2 25 | $31.7M | $502.0K | ||
| Q1 25 | $42.8M | — | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $85.9M | — | ||
| Q2 24 | $146.0M | — | ||
| Q1 24 | $6.7M | — |
毛利率DOCMH
| Q4 25 | — | 85.3% | ||
| Q3 25 | 58.6% | 79.2% | ||
| Q2 25 | 60.2% | 77.0% | ||
| 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DOCMH
| Q4 25 | 17.4% | 7.0% | ||
| Q3 25 | 9.2% | 23.4% | ||
| Q2 25 | 5.7% | 18.0% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 3.7% | — |
净利率DOCMH
| Q4 25 | 73.2% | -4.7% | ||
| Q3 25 | -16.6% | 15.7% | ||
| Q2 25 | 4.6% | 0.1% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 21.0% | — | ||
| Q1 24 | 1.1% | — |
每股收益（稀释后）DOCMH
| Q4 25 | $0.16 | $-0.11 | ||
| Q3 25 | $-0.17 | $0.57 | ||
| Q2 25 | $0.05 | $0.00 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.01 | — |
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 | $514.4M |
| 总债务越低越好 | $9.8B | $2.6B |
| 股东权益账面价值 | $7.5B | $775.3M |
| 总资产 | $20.3B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资DOCMH
| Q4 25 | $467.5M | $514.4M | ||
| Q3 25 | $91.0M | $463.2M | ||
| Q2 25 | $89.4M | $247.3M | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCMH
| Q4 25 | $9.8B | $2.6B | ||
| Q3 25 | $9.1B | $2.8B | ||
| Q2 25 | $9.0B | $3.2B | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCMH
| Q4 25 | $7.5B | $775.3M | ||
| Q3 25 | $7.6B | $794.6M | ||
| Q2 25 | $7.9B | $283.3M | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $8.9B | — |
总资产DOCMH
| Q4 25 | $20.3B | $5.6B | ||
| Q3 25 | $19.6B | $6.0B | ||
| Q2 25 | $19.8B | $5.7B | ||
| Q1 25 | $19.8B | — | ||
| Q4 24 | $19.9B | — | ||
| Q3 24 | $20.0B | — | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $20.5B | — |
负债/权益比DOCMH
| Q4 25 | 1.31× | 3.36× | ||
| Q3 25 | 1.20× | 3.52× | ||
| Q2 25 | 1.14× | 11.17× | ||
| 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 | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $285.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 65.7% |
| 资本支出强度资本支出/营收 | 124.4% | 5.4% |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 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DOCMH
| Q4 25 | $1.3B | $309.0M | ||
| Q3 25 | $315.0M | $265.0M | ||
| Q2 25 | $363.5M | $-96.7M | ||
| Q1 25 | $279.4M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $318.2M | — | ||
| Q2 24 | $316.2M | — | ||
| Q1 24 | $152.6M | — |
自由现金流DOCMH
| Q4 25 | $357.0M | $285.4M | ||
| Q3 25 | — | $243.8M | ||
| Q2 25 | — | $-112.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCMH
| Q4 25 | 49.6% | 65.7% | ||
| Q3 25 | — | 36.4% | ||
| Q2 25 | — | -21.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCMH
| Q4 25 | 124.4% | 5.4% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCMH
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 2.52× | ||
| Q2 25 | 11.48× | -192.53× | ||
| 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
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
