vs
Healthpeak Properties（DOC）与MSA Safety Inc（MSA）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MSA Safety Inc的1.4倍（$719.4M vs $510.9M），Healthpeak Properties净利率更高（73.2% vs 17.0%，领先56.2%），Healthpeak Properties同比增速更快（3.1% vs 2.2%），Healthpeak Properties自由现金流更多（$357.0M vs $106.0M），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs 8.9%）
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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
DOC vs MSA — 直观对比
营收规模更大
DOC
是对方的1.4倍
$510.9M
营收增速更快
DOC
高出0.8%
2.2%
净利率更高
DOC
高出56.2%
17.0%
自由现金流更多
DOC
多$251.0M
$106.0M
两年增速更快
MSA
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $510.9M |
| 净利润 | $114.0M | $86.9M |
| 毛利率 | — | 46.9% |
| 营业利润率 | 17.4% | 22.3% |
| 净利率 | 73.2% | 17.0% |
| 营收同比 | 3.1% | 2.2% |
| 净利润同比 | 2406.4% | -1.2% |
| 每股收益（稀释后） | $0.16 | $2.22 |
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DOCMSA
| Q4 25 | $719.4M | $510.9M | ||
| Q3 25 | $705.9M | $468.4M | ||
| Q2 25 | $694.3M | $474.1M | ||
| Q1 25 | $702.9M | $421.3M | ||
| Q4 24 | $698.0M | $499.7M | ||
| Q3 24 | $700.4M | $432.7M | ||
| Q2 24 | $695.5M | $462.5M | ||
| Q1 24 | $606.6M | $413.3M |
净利润DOCMSA
| Q4 25 | $114.0M | $86.9M | ||
| Q3 25 | $-117.1M | $69.6M | ||
| Q2 25 | $31.7M | $62.8M | ||
| Q1 25 | $42.8M | $59.6M | ||
| Q4 24 | $4.5M | $87.9M | ||
| Q3 24 | $85.9M | $66.6M | ||
| Q2 24 | $146.0M | $72.2M | ||
| Q1 24 | $6.7M | $58.1M |
毛利率DOCMSA
| Q4 25 | — | 46.9% | ||
| Q3 25 | 58.6% | 46.5% | ||
| Q2 25 | 60.2% | 46.6% | ||
| Q1 25 | 61.1% | 45.9% | ||
| Q4 24 | 60.3% | 46.9% | ||
| Q3 24 | 60.0% | 47.9% | ||
| Q2 24 | 60.6% | 48.2% | ||
| Q1 24 | 59.8% | 47.3% |
营业利润率DOCMSA
| Q4 25 | 17.4% | 22.3% | ||
| Q3 25 | 9.2% | 20.1% | ||
| Q2 25 | 5.7% | 18.1% | ||
| Q1 25 | 7.7% | 18.5% | ||
| Q4 24 | -2.2% | 23.5% | ||
| Q3 24 | 14.1% | 21.1% | ||
| Q2 24 | 22.3% | 21.6% | ||
| Q1 24 | 3.7% | 19.4% |
净利率DOCMSA
| Q4 25 | 73.2% | 17.0% | ||
| Q3 25 | -16.6% | 14.9% | ||
| Q2 25 | 4.6% | 13.2% | ||
| Q1 25 | 6.1% | 14.1% | ||
| Q4 24 | 0.7% | 17.6% | ||
| Q3 24 | 12.3% | 15.4% | ||
| Q2 24 | 21.0% | 15.6% | ||
| Q1 24 | 1.1% | 14.1% |
每股收益（稀释后）DOCMSA
| Q4 25 | $0.16 | $2.22 | ||
| Q3 25 | $-0.17 | $1.77 | ||
| Q2 25 | $0.05 | $1.59 | ||
| Q1 25 | $0.06 | $1.51 | ||
| Q4 24 | $0.02 | $2.22 | ||
| Q3 24 | $0.12 | $1.69 | ||
| Q2 24 | $0.21 | $1.83 | ||
| Q1 24 | $0.01 | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $9.8B | $580.9M |
| 股东权益账面价值 | $7.5B | $1.4B |
| 总资产 | $20.3B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DOCMSA
| Q4 25 | $467.5M | $165.1M | ||
| Q3 25 | $91.0M | $170.0M | ||
| Q2 25 | $89.4M | $147.0M | ||
| Q1 25 | $70.6M | $170.6M | ||
| Q4 24 | $119.8M | $164.6M | ||
| Q3 24 | $180.4M | $154.4M | ||
| Q2 24 | $106.9M | $146.8M | ||
| Q1 24 | $101.8M | $148.3M |
总债务DOCMSA
| Q4 25 | $9.8B | $580.9M | ||
| Q3 25 | $9.1B | $628.6M | ||
| Q2 25 | $9.0B | $679.3M | ||
| Q1 25 | $8.9B | $502.1M | ||
| Q4 24 | $8.7B | $508.0M | ||
| Q3 24 | $8.6B | $554.7M | ||
| Q2 24 | $8.6B | $588.2M | ||
| Q1 24 | $8.8B | $596.2M |
股东权益DOCMSA
| Q4 25 | $7.5B | $1.4B | ||
| Q3 25 | $7.6B | $1.3B | ||
| Q2 25 | $7.9B | $1.3B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $8.4B | $1.1B | ||
| Q3 24 | $8.6B | $1.1B | ||
| Q2 24 | $8.8B | $1.0B | ||
| Q1 24 | $8.9B | $994.8M |
总资产DOCMSA
| Q4 25 | $20.3B | $2.6B | ||
| Q3 25 | $19.6B | $2.6B | ||
| Q2 25 | $19.8B | $2.6B | ||
| Q1 25 | $19.8B | $2.2B | ||
| Q4 24 | $19.9B | $2.2B | ||
| Q3 24 | $20.0B | $2.2B | ||
| Q2 24 | $20.2B | $2.2B | ||
| Q1 24 | $20.5B | $2.2B |
负债/权益比DOCMSA
| Q4 25 | 1.31× | 0.42× | ||
| Q3 25 | 1.20× | 0.48× | ||
| Q2 25 | 1.14× | 0.54× | ||
| Q1 25 | 1.08× | 0.42× | ||
| Q4 24 | 1.04× | 0.44× | ||
| Q3 24 | 1.00× | 0.51× | ||
| Q2 24 | 0.98× | 0.57× | ||
| Q1 24 | 0.99× | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $106.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 20.8% |
| 资本支出强度资本支出/营收 | 124.4% | 3.2% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流DOCMSA
| Q4 25 | $1.3B | $122.4M | ||
| Q3 25 | $315.0M | $112.5M | ||
| Q2 25 | $363.5M | $67.2M | ||
| Q1 25 | $279.4M | $61.8M | ||
| Q4 24 | $1.1B | $107.9M | ||
| Q3 24 | $318.2M | $84.3M | ||
| Q2 24 | $316.2M | $53.3M | ||
| Q1 24 | $152.6M | $50.9M |
自由现金流DOCMSA
| Q4 25 | $357.0M | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | $333.7M | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $39.7M |
自由现金流率DOCMSA
| Q4 25 | 49.6% | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | 47.8% | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 9.6% |
资本支出强度DOCMSA
| Q4 25 | 124.4% | 3.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | 105.6% | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.7% |
现金转化率DOCMSA
| Q4 25 | 10.99× | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | 11.48× | 1.07× | ||
| Q1 25 | 6.52× | 1.04× | ||
| Q4 24 | 235.43× | 1.23× | ||
| Q3 24 | 3.71× | 1.27× | ||
| Q2 24 | 2.17× | 0.74× | ||
| Q1 24 | 22.85× | 0.88× |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
