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Healthpeak Properties（DOC）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
巴诺书店的季度营收约是Healthpeak Properties的1.1倍（$764.4M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 11.3%，领先61.8%），Healthpeak Properties同比增速更快（3.1% vs -17.6%），Healthpeak Properties自由现金流更多（$357.0M vs $35.4M），过去两年巴诺书店的营收复合增速更高（9.5% 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。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
DOC vs NE — 直观对比
营收规模更大
NE
是对方的1.1倍
$719.4M
营收增速更快
DOC
高出20.6%
-17.6%
净利率更高
DOC
高出61.8%
11.3%
自由现金流更多
DOC
多$321.6M
$35.4M
两年增速更快
NE
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $764.4M |
| 净利润 | $114.0M | $86.6M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 5.6% |
| 净利率 | 73.2% | 11.3% |
| 营收同比 | 3.1% | -17.6% |
| 净利润同比 | 2406.4% | -10.4% |
| 每股收益（稀释后） | $0.16 | $0.54 |
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DOCNE
| Q4 25 | $719.4M | $764.4M | ||
| Q3 25 | $705.9M | $798.0M | ||
| Q2 25 | $694.3M | $848.7M | ||
| Q1 25 | $702.9M | $874.5M | ||
| Q4 24 | $698.0M | $927.3M | ||
| Q3 24 | $700.4M | $800.5M | ||
| Q2 24 | $695.5M | $692.8M | ||
| Q1 24 | $606.6M | $637.1M |
净利润DOCNE
| Q4 25 | $114.0M | $86.6M | ||
| Q3 25 | $-117.1M | $-21.1M | ||
| Q2 25 | $31.7M | $42.9M | ||
| Q1 25 | $42.8M | $108.3M | ||
| Q4 24 | $4.5M | $96.6M | ||
| Q3 24 | $85.9M | $61.2M | ||
| Q2 24 | $146.0M | $195.0M | ||
| Q1 24 | $6.7M | $95.5M |
毛利率DOCNE
| 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% | — |
营业利润率DOCNE
| Q4 25 | 17.4% | 5.6% | ||
| Q3 25 | 9.2% | 6.3% | ||
| Q2 25 | 5.7% | 15.9% | ||
| Q1 25 | 7.7% | 21.4% | ||
| Q4 24 | -2.2% | 18.4% | ||
| Q3 24 | 14.1% | 14.4% | ||
| Q2 24 | 22.3% | 30.3% | ||
| Q1 24 | 3.7% | 16.9% |
净利率DOCNE
| Q4 25 | 73.2% | 11.3% | ||
| Q3 25 | -16.6% | -2.6% | ||
| Q2 25 | 4.6% | 5.1% | ||
| Q1 25 | 6.1% | 12.4% | ||
| Q4 24 | 0.7% | 10.4% | ||
| Q3 24 | 12.3% | 7.6% | ||
| Q2 24 | 21.0% | 28.1% | ||
| Q1 24 | 1.1% | 15.0% |
每股收益（稀释后）DOCNE
| Q4 25 | $0.16 | $0.54 | ||
| Q3 25 | $-0.17 | $-0.13 | ||
| Q2 25 | $0.05 | $0.27 | ||
| Q1 25 | $0.06 | $0.67 | ||
| Q4 24 | $0.02 | $0.56 | ||
| Q3 24 | $0.12 | $0.40 | ||
| Q2 24 | $0.21 | $1.34 | ||
| Q1 24 | $0.01 | $0.66 |
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 | $471.4M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $4.5B |
| 总资产 | $20.3B | $7.5B |
| 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DOCNE
| Q4 25 | $467.5M | $471.4M | ||
| Q3 25 | $91.0M | $477.9M | ||
| Q2 25 | $89.4M | $338.2M | ||
| Q1 25 | $70.6M | $303.8M | ||
| Q4 24 | $119.8M | $247.3M | ||
| Q3 24 | $180.4M | $391.9M | ||
| Q2 24 | $106.9M | $162.9M | ||
| Q1 24 | $101.8M | $212.5M |
总债务DOCNE
| 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DOCNE
| Q4 25 | $7.5B | $4.5B | ||
| Q3 25 | $7.6B | $4.5B | ||
| Q2 25 | $7.9B | $4.6B | ||
| Q1 25 | $8.2B | $4.7B | ||
| Q4 24 | $8.4B | $4.7B | ||
| Q3 24 | $8.6B | $4.7B | ||
| Q2 24 | $8.8B | $4.0B | ||
| Q1 24 | $8.9B | $3.9B |
总资产DOCNE
| Q4 25 | $20.3B | $7.5B | ||
| Q3 25 | $19.6B | $7.6B | ||
| Q2 25 | $19.8B | $7.7B | ||
| Q1 25 | $19.8B | $7.9B | ||
| Q4 24 | $19.9B | $8.0B | ||
| Q3 24 | $20.0B | $8.0B | ||
| Q2 24 | $20.2B | $5.6B | ||
| Q1 24 | $20.5B | $5.4B |
负债/权益比DOCNE
| 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 | $187.1M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $35.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 4.6% |
| 资本支出强度资本支出/营收 | 124.4% | 19.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $432.2M |
8季度趋势，按日历期对齐
经营现金流DOCNE
| Q4 25 | $1.3B | $187.1M | ||
| Q3 25 | $315.0M | $277.1M | ||
| Q2 25 | $363.5M | $216.4M | ||
| Q1 25 | $279.4M | $271.1M | ||
| Q4 24 | $1.1B | $136.2M | ||
| Q3 24 | $318.2M | $283.8M | ||
| Q2 24 | $316.2M | $106.8M | ||
| Q1 24 | $152.6M | $128.7M |
自由现金流DOCNE
| Q4 25 | $357.0M | $35.4M | ||
| Q3 25 | — | $139.5M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | $333.7M | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | — | $-37.9M |
自由现金流率DOCNE
| Q4 25 | 49.6% | 4.6% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | 47.8% | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | -6.0% |
资本支出强度DOCNE
| Q4 25 | 124.4% | 19.9% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | 105.6% | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 26.2% |
现金转化率DOCNE
| Q4 25 | 10.99× | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | 5.05× | ||
| Q1 25 | 6.52× | 2.50× | ||
| Q4 24 | 235.43× | 1.41× | ||
| Q3 24 | 3.71× | 4.64× | ||
| Q2 24 | 2.17× | 0.55× | ||
| Q1 24 | 22.85× | 1.35× |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
