vs
Healthpeak Properties（DOC）与Martin Marietta Materials（MLM）财务数据对比。点击上方公司名可切换其他公司
Martin Marietta Materials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 24.5%，领先48.7%），Healthpeak Properties同比增速更快（3.1% vs -30.1%），Martin Marietta Materials自由现金流更多（$424.0M vs $357.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
DOC vs MLM — 直观对比
营收规模更大
MLM
是对方的1.6倍
$719.4M
营收增速更快
DOC
高出33.2%
-30.1%
净利率更高
DOC
高出48.7%
24.5%
自由现金流更多
MLM
多$67.0M
$357.0M
两年增速更快
DOC
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.1B |
| 净利润 | $114.0M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | 17.4% | 24.6% |
| 净利率 | 73.2% | 24.5% |
| 营收同比 | 3.1% | -30.1% |
| 净利润同比 | 2406.4% | -4.8% |
| 每股收益（稀释后） | $0.16 | $4.59 |
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DOCMLM
| Q4 25 | $719.4M | $1.1B | ||
| Q3 25 | $705.9M | $1.8B | ||
| Q2 25 | $694.3M | $1.8B | ||
| Q1 25 | $702.9M | $1.4B | ||
| Q4 24 | $698.0M | $1.6B | ||
| Q3 24 | $700.4M | $1.9B | ||
| Q2 24 | $695.5M | $1.8B | ||
| Q1 24 | $606.6M | $1.3B |
净利润DOCMLM
| Q4 25 | $114.0M | $279.0M | ||
| Q3 25 | $-117.1M | $414.0M | ||
| Q2 25 | $31.7M | $328.0M | ||
| Q1 25 | $42.8M | $116.0M | ||
| Q4 24 | $4.5M | $293.0M | ||
| Q3 24 | $85.9M | $363.0M | ||
| Q2 24 | $146.0M | $294.0M | ||
| Q1 24 | $6.7M | $1.0B |
毛利率DOCMLM
| Q4 25 | — | 35.0% | ||
| Q3 25 | 58.6% | 33.1% | ||
| Q2 25 | 60.2% | 30.0% | ||
| Q1 25 | 61.1% | 24.8% | ||
| Q4 24 | 60.3% | 30.0% | ||
| Q3 24 | 60.0% | 31.7% | ||
| Q2 24 | 60.6% | 29.3% | ||
| Q1 24 | 59.8% | 21.7% |
营业利润率DOCMLM
| Q4 25 | 17.4% | 24.6% | ||
| Q3 25 | 9.2% | 27.4% | ||
| Q2 25 | 5.7% | 25.3% | ||
| Q1 25 | 7.7% | 14.3% | ||
| Q4 24 | -2.2% | 24.4% | ||
| Q3 24 | 14.1% | 25.9% | ||
| Q2 24 | 22.3% | 22.6% | ||
| Q1 24 | 3.7% | — |
净利率DOCMLM
| Q4 25 | 73.2% | 24.5% | ||
| Q3 25 | -16.6% | 22.4% | ||
| Q2 25 | 4.6% | 18.1% | ||
| Q1 25 | 6.1% | 8.6% | ||
| Q4 24 | 0.7% | 18.0% | ||
| Q3 24 | 12.3% | 19.2% | ||
| Q2 24 | 21.0% | 16.7% | ||
| Q1 24 | 1.1% | 83.5% |
每股收益（稀释后）DOCMLM
| Q4 25 | $0.16 | $4.59 | ||
| Q3 25 | $-0.17 | $6.85 | ||
| Q2 25 | $0.05 | $5.43 | ||
| Q1 25 | $0.06 | $1.90 | ||
| Q4 24 | $0.02 | $4.87 | ||
| Q3 24 | $0.12 | $5.91 | ||
| Q2 24 | $0.21 | $4.76 | ||
| Q1 24 | $0.01 | $16.87 |
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 | $67.0M |
| 总债务越低越好 | $9.8B | $5.3B |
| 股东权益账面价值 | $7.5B | $10.0B |
| 总资产 | $20.3B | $18.7B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资DOCMLM
| Q4 25 | $467.5M | $67.0M | ||
| Q3 25 | $91.0M | $57.0M | ||
| Q2 25 | $89.4M | $225.0M | ||
| Q1 25 | $70.6M | $101.0M | ||
| Q4 24 | $119.8M | $670.0M | ||
| Q3 24 | $180.4M | $52.0M | ||
| Q2 24 | $106.9M | $109.0M | ||
| Q1 24 | $101.8M | $2.6B |
总债务DOCMLM
| Q4 25 | $9.8B | $5.3B | ||
| Q3 25 | $9.1B | $5.5B | ||
| Q2 25 | $9.0B | $5.4B | ||
| Q1 25 | $8.9B | $5.4B | ||
| Q4 24 | $8.7B | $5.4B | ||
| Q3 24 | $8.6B | $4.0B | ||
| Q2 24 | $8.6B | $4.3B | ||
| Q1 24 | $8.8B | $4.3B |
股东权益DOCMLM
| Q4 25 | $7.5B | $10.0B | ||
| Q3 25 | $7.6B | $9.7B | ||
| Q2 25 | $7.9B | $9.4B | ||
| Q1 25 | $8.2B | $9.1B | ||
| Q4 24 | $8.4B | $9.5B | ||
| Q3 24 | $8.6B | $9.2B | ||
| Q2 24 | $8.8B | $8.8B | ||
| Q1 24 | $8.9B | $8.9B |
总资产DOCMLM
| Q4 25 | $20.3B | $18.7B | ||
| Q3 25 | $19.6B | $18.7B | ||
| Q2 25 | $19.8B | $18.1B | ||
| Q1 25 | $19.8B | $17.7B | ||
| Q4 24 | $19.9B | $18.2B | ||
| Q3 24 | $20.0B | $16.5B | ||
| Q2 24 | $20.2B | $16.3B | ||
| Q1 24 | $20.5B | $16.2B |
负债/权益比DOCMLM
| Q4 25 | 1.31× | 0.53× | ||
| Q3 25 | 1.20× | 0.57× | ||
| Q2 25 | 1.14× | 0.58× | ||
| Q1 25 | 1.08× | 0.60× | ||
| Q4 24 | 1.04× | 0.57× | ||
| Q3 24 | 1.00× | 0.44× | ||
| Q2 24 | 0.98× | 0.49× | ||
| Q1 24 | 0.99× | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $424.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 37.2% |
| 资本支出强度资本支出/营收 | 124.4% | 18.0% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流DOCMLM
| Q4 25 | $1.3B | $629.0M | ||
| Q3 25 | $315.0M | $551.0M | ||
| Q2 25 | $363.5M | $387.0M | ||
| Q1 25 | $279.4M | $218.0M | ||
| Q4 24 | $1.1B | $686.0M | ||
| Q3 24 | $318.2M | $600.0M | ||
| Q2 24 | $316.2M | $1.0M | ||
| Q1 24 | $152.6M | $172.0M |
自由现金流DOCMLM
| Q4 25 | $357.0M | $424.0M | ||
| Q3 25 | — | $361.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $-15.0M | ||
| Q4 24 | $333.7M | $453.0M | ||
| Q3 24 | — | $317.0M | ||
| Q2 24 | — | $-138.0M | ||
| Q1 24 | — | $-28.0M |
自由现金流率DOCMLM
| Q4 25 | 49.6% | 37.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | 47.8% | 27.8% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | -7.8% | ||
| Q1 24 | — | -2.2% |
资本支出强度DOCMLM
| Q4 25 | 124.4% | 18.0% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 17.2% | ||
| Q4 24 | 105.6% | 14.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 16.0% |
现金转化率DOCMLM
| Q4 25 | 10.99× | 2.25× | ||
| Q3 25 | — | 1.33× | ||
| Q2 25 | 11.48× | 1.18× | ||
| Q1 25 | 6.52× | 1.88× | ||
| Q4 24 | 235.43× | 2.34× | ||
| Q3 24 | 3.71× | 1.65× | ||
| Q2 24 | 2.17× | 0.00× | ||
| Q1 24 | 22.85× | 0.16× |
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
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
