vs
Healthpeak Properties（DOC）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是Healthpeak Properties的1.6倍（$1.1B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 5.6%，领先67.6%），Healthpeak Properties同比增速更快（3.1% vs -4.8%），Healthpeak Properties自由现金流更多（$357.0M vs $-13.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 4.7%）
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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
DOC vs MHO — 直观对比
营收规模更大
MHO
是对方的1.6倍
$719.4M
营收增速更快
DOC
高出7.9%
-4.8%
净利率更高
DOC
高出67.6%
5.6%
自由现金流更多
DOC
多$370.0M
$-13.0M
两年增速更快
DOC
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.1B |
| 净利润 | $114.0M | $64.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 17.4% | 6.5% |
| 净利率 | 73.2% | 5.6% |
| 营收同比 | 3.1% | -4.8% |
| 净利润同比 | 2406.4% | -52.1% |
| 每股收益（稀释后） | $0.16 | $2.42 |
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DOCMHO
| Q4 25 | $719.4M | $1.1B | ||
| Q3 25 | $705.9M | $1.1B | ||
| Q2 25 | $694.3M | $1.2B | ||
| Q1 25 | $702.9M | $976.1M | ||
| Q4 24 | $698.0M | $1.2B | ||
| Q3 24 | $700.4M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $606.6M | $1.0B |
净利润DOCMHO
| Q4 25 | $114.0M | $64.0M | ||
| Q3 25 | $-117.1M | $106.5M | ||
| Q2 25 | $31.7M | $121.2M | ||
| Q1 25 | $42.8M | $111.2M | ||
| Q4 24 | $4.5M | $133.5M | ||
| Q3 24 | $85.9M | $145.4M | ||
| Q2 24 | $146.0M | $146.7M | ||
| Q1 24 | $6.7M | $138.1M |
毛利率DOCMHO
| Q4 25 | — | 17.4% | ||
| Q3 25 | 58.6% | 24.5% | ||
| Q2 25 | 60.2% | 24.7% | ||
| Q1 25 | 61.1% | 25.9% | ||
| Q4 24 | 60.3% | 24.6% | ||
| Q3 24 | 60.0% | 27.1% | ||
| Q2 24 | 60.6% | 27.9% | ||
| Q1 24 | 59.8% | 27.1% |
营业利润率DOCMHO
| Q4 25 | 17.4% | 6.5% | ||
| Q3 25 | 9.2% | 12.0% | ||
| Q2 25 | 5.7% | 13.4% | ||
| Q1 25 | 7.7% | 14.4% | ||
| Q4 24 | -2.2% | 13.6% | ||
| Q3 24 | 14.1% | 15.9% | ||
| Q2 24 | 22.3% | 16.8% | ||
| Q1 24 | 3.7% | 16.6% |
净利率DOCMHO
| Q4 25 | 73.2% | 5.6% | ||
| Q3 25 | -16.6% | 9.4% | ||
| Q2 25 | 4.6% | 10.4% | ||
| Q1 25 | 6.1% | 11.4% | ||
| Q4 24 | 0.7% | 11.1% | ||
| Q3 24 | 12.3% | 12.7% | ||
| Q2 24 | 21.0% | 13.2% | ||
| Q1 24 | 1.1% | 13.2% |
每股收益（稀释后）DOCMHO
| Q4 25 | $0.16 | $2.42 | ||
| Q3 25 | $-0.17 | $3.92 | ||
| Q2 25 | $0.05 | $4.42 | ||
| Q1 25 | $0.06 | $3.98 | ||
| Q4 24 | $0.02 | $4.71 | ||
| Q3 24 | $0.12 | $5.10 | ||
| Q2 24 | $0.21 | $5.12 | ||
| Q1 24 | $0.01 | $4.78 |
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 | — |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $3.2B |
| 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DOCMHO
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCMHO
| 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DOCMHO
| Q4 25 | $7.5B | $3.2B | ||
| Q3 25 | $7.6B | $3.1B | ||
| Q2 25 | $7.9B | $3.1B | ||
| Q1 25 | $8.2B | $3.0B | ||
| Q4 24 | $8.4B | $2.9B | ||
| Q3 24 | $8.6B | $2.8B | ||
| Q2 24 | $8.8B | $2.7B | ||
| Q1 24 | $8.9B | $2.6B |
总资产DOCMHO
| Q4 25 | $20.3B | $4.8B | ||
| Q3 25 | $19.6B | $4.8B | ||
| Q2 25 | $19.8B | $4.7B | ||
| Q1 25 | $19.8B | $4.6B | ||
| Q4 24 | $19.9B | $4.5B | ||
| Q3 24 | $20.0B | $4.5B | ||
| Q2 24 | $20.2B | $4.3B | ||
| Q1 24 | $20.5B | $4.2B |
负债/权益比DOCMHO
| 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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-13.0M |
| 自由现金流率自由现金流/营收 | 49.6% | -1.1% |
| 资本支出强度资本支出/营收 | 124.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 10.99× | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流DOCMHO
| Q4 25 | $1.3B | $-8.7M | ||
| Q3 25 | $315.0M | $43.4M | ||
| Q2 25 | $363.5M | $37.8M | ||
| Q1 25 | $279.4M | $64.9M | ||
| Q4 24 | $1.1B | $104.4M | ||
| Q3 24 | $318.2M | $-67.9M | ||
| Q2 24 | $316.2M | $27.5M | ||
| Q1 24 | $152.6M | $115.8M |
自由现金流DOCMHO
| Q4 25 | $357.0M | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | — | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | $333.7M | $102.3M | ||
| Q3 24 | — | $-68.5M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $115.5M |
自由现金流率DOCMHO
| Q4 25 | 49.6% | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | 47.8% | 8.5% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 11.0% |
资本支出强度DOCMHO
| Q4 25 | 124.4% | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 105.6% | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.0% |
现金转化率DOCMHO
| Q4 25 | 10.99× | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 11.48× | 0.31× | ||
| Q1 25 | 6.52× | 0.58× | ||
| Q4 24 | 235.43× | 0.78× | ||
| Q3 24 | 3.71× | -0.47× | ||
| Q2 24 | 2.17× | 0.19× | ||
| Q1 24 | 22.85× | 0.84× |
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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
