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Healthpeak Properties（DOC）与Madison Square Garden Entertainment Corp.（MSGE）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Madison Square Garden Entertainment Corp.的1.7倍（$719.4M vs $424.8M），Healthpeak Properties净利率更高（73.2% vs 21.8%，领先51.3%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 3.1%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% 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。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
DOC vs MSGE — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $424.8M |
| 净利润 | $114.0M | $92.7M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 38.6% |
| 净利率 | 73.2% | 21.8% |
| 营收同比 | 3.1% | 12.5% |
| 净利润同比 | 2406.4% | 22.2% |
| 每股收益（稀释后） | $0.16 | $1.94 |
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
| Q4 25 | $719.4M | $424.8M | ||
| Q3 25 | $705.9M | $154.1M | ||
| Q2 25 | $694.3M | $145.1M | ||
| Q1 25 | $702.9M | $206.0M | ||
| Q4 24 | $698.0M | $377.6M | ||
| Q3 24 | $700.4M | $134.1M | ||
| Q2 24 | $695.5M | $177.6M | ||
| Q1 24 | $606.6M | $191.6M |
| Q4 25 | $114.0M | $92.7M | ||
| Q3 25 | $-117.1M | $-21.7M | ||
| Q2 25 | $31.7M | $-27.2M | ||
| Q1 25 | $42.8M | $8.0M | ||
| Q4 24 | $4.5M | $75.9M | ||
| Q3 24 | $85.9M | $-19.3M | ||
| Q2 24 | $146.0M | $66.9M | ||
| Q1 24 | $6.7M | $2.8M |
| 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% | — |
| Q4 25 | 17.4% | 38.6% | ||
| Q3 25 | 9.2% | -19.3% | ||
| Q2 25 | 5.7% | -17.7% | ||
| Q1 25 | 7.7% | 13.3% | ||
| Q4 24 | -2.2% | 36.8% | ||
| Q3 24 | 14.1% | -13.8% | ||
| Q2 24 | 22.3% | -5.0% | ||
| Q1 24 | 3.7% | 8.8% |
| Q4 25 | 73.2% | 21.8% | ||
| Q3 25 | -16.6% | -14.0% | ||
| Q2 25 | 4.6% | -18.7% | ||
| Q1 25 | 6.1% | 3.9% | ||
| Q4 24 | 0.7% | 20.1% | ||
| Q3 24 | 12.3% | -14.4% | ||
| Q2 24 | 21.0% | 37.7% | ||
| Q1 24 | 1.1% | 1.5% |
| Q4 25 | $0.16 | $1.94 | ||
| Q3 25 | $-0.17 | $-0.46 | ||
| Q2 25 | $0.05 | $-0.56 | ||
| Q1 25 | $0.06 | $0.17 | ||
| Q4 24 | $0.02 | $1.56 | ||
| Q3 24 | $0.12 | $-0.40 | ||
| Q2 24 | $0.21 | $1.32 | ||
| Q1 24 | $0.01 | $0.06 |
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 | $157.1M |
| 总债务越低越好 | $9.8B | $554.6M |
| 股东权益账面价值 | $7.5B | $36.0M |
| 总资产 | $20.3B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.31× | 15.40× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $157.1M | ||
| Q3 25 | $91.0M | $29.9M | ||
| Q2 25 | $89.4M | $43.0M | ||
| Q1 25 | $70.6M | $89.0M | ||
| Q4 24 | $119.8M | $54.9M | ||
| Q3 24 | $180.4M | $37.3M | ||
| Q2 24 | $106.9M | $33.3M | ||
| Q1 24 | $101.8M | $28.0M |
| Q4 25 | $9.8B | $554.6M | ||
| Q3 25 | $9.1B | $581.7M | ||
| Q2 25 | $9.0B | $568.8M | ||
| Q1 25 | $8.9B | $577.4M | ||
| Q4 24 | $8.7B | $584.7M | ||
| Q3 24 | $8.6B | $647.0M | ||
| Q2 24 | $8.6B | $599.2M | ||
| Q1 24 | $8.8B | $602.5M |
| Q4 25 | $7.5B | $36.0M | ||
| Q3 25 | $7.6B | $-65.8M | ||
| Q2 25 | $7.9B | $-13.3M | ||
| Q1 25 | $8.2B | $9.5M | ||
| Q4 24 | $8.4B | $10.3M | ||
| Q3 24 | $8.6B | $-48.7M | ||
| Q2 24 | $8.8B | $-23.2M | ||
| Q1 24 | $8.9B | $-94.6M |
| Q4 25 | $20.3B | $1.8B | ||
| Q3 25 | $19.6B | $1.7B | ||
| Q2 25 | $19.8B | $1.7B | ||
| Q1 25 | $19.8B | $1.7B | ||
| Q4 24 | $19.9B | $1.6B | ||
| Q3 24 | $20.0B | $1.6B | ||
| Q2 24 | $20.2B | $1.6B | ||
| Q1 24 | $20.5B | $1.5B |
| Q4 25 | 1.31× | 15.40× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | 60.61× | ||
| Q4 24 | 1.04× | 56.61× | ||
| 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 | $164.4M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | — |
| 现金转化率经营现金流/净利润 | 10.99× | 1.77× |
| 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
| Q4 25 | $1.3B | $164.4M | ||
| Q3 25 | $315.0M | $19.8M | ||
| Q2 25 | $363.5M | $-27.0M | ||
| Q1 25 | $279.4M | $56.8M | ||
| Q4 24 | $1.1B | $112.9M | ||
| Q3 24 | $318.2M | $-27.4M | ||
| Q2 24 | $316.2M | $212.0K | ||
| Q1 24 | $152.6M | $5.8M |
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 10.99× | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | 7.07× | ||
| Q4 24 | 235.43× | 1.49× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | 0.00× | ||
| Q1 24 | 22.85× | 2.08× |
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
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
