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Healthpeak Properties（DOC）与NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.1倍（$719.4M vs $637.9M），Healthpeak Properties净利率更高（73.2% vs 28.5%，领先44.7%），NATIONAL FUEL GAS CO同比增速更快（24.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-2.7M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 6.9%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
DOC vs NFG — 直观对比
营收规模更大
DOC
是对方的1.1倍
$637.9M
营收增速更快
NFG
高出21.1%
3.1%
净利率更高
DOC
高出44.7%
28.5%
自由现金流更多
DOC
多$359.7M
$-2.7M
两年增速更快
DOC
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $637.9M |
| 净利润 | $114.0M | $181.6M |
| 毛利率 | — | 86.6% |
| 营业利润率 | 17.4% | 43.3% |
| 净利率 | 73.2% | 28.5% |
| 营收同比 | 3.1% | 24.1% |
| 净利润同比 | 2406.4% | 303.8% |
| 每股收益（稀释后） | $0.16 | $1.98 |
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DOCNFG
| Q4 25 | $719.4M | $637.9M | ||
| Q3 25 | $705.9M | $443.1M | ||
| Q2 25 | $694.3M | $527.4M | ||
| Q1 25 | $702.9M | $734.8M | ||
| Q4 24 | $698.0M | $513.8M | ||
| Q3 24 | $700.4M | $310.0M | ||
| Q2 24 | $695.5M | $338.6M | ||
| Q1 24 | $606.6M | $558.7M |
净利润DOCNFG
| Q4 25 | $114.0M | $181.6M | ||
| Q3 25 | $-117.1M | $107.3M | ||
| Q2 25 | $31.7M | $149.8M | ||
| Q1 25 | $42.8M | $216.4M | ||
| Q4 24 | $4.5M | $45.0M | ||
| Q3 24 | $85.9M | $-167.6M | ||
| Q2 24 | $146.0M | $-54.2M | ||
| Q1 24 | $6.7M | $166.3M |
毛利率DOCNFG
| Q4 25 | — | 86.6% | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 60.2% | 94.7% | ||
| Q1 25 | 61.1% | 81.6% | ||
| Q4 24 | 60.3% | 87.3% | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 60.6% | 98.5% | ||
| Q1 24 | 59.8% | 81.0% |
营业利润率DOCNFG
| Q4 25 | 17.4% | 43.3% | ||
| Q3 25 | 9.2% | 40.6% | ||
| Q2 25 | 5.7% | 43.7% | ||
| Q1 25 | 7.7% | 43.2% | ||
| Q4 24 | -2.2% | 16.8% | ||
| Q3 24 | 14.1% | -63.4% | ||
| Q2 24 | 22.3% | -15.2% | ||
| Q1 24 | 3.7% | 44.9% |
净利率DOCNFG
| Q4 25 | 73.2% | 28.5% | ||
| Q3 25 | -16.6% | 24.2% | ||
| Q2 25 | 4.6% | 28.4% | ||
| Q1 25 | 6.1% | 29.4% | ||
| Q4 24 | 0.7% | 8.8% | ||
| Q3 24 | 12.3% | -54.1% | ||
| Q2 24 | 21.0% | -16.0% | ||
| Q1 24 | 1.1% | 29.8% |
每股收益（稀释后）DOCNFG
| Q4 25 | $0.16 | $1.98 | ||
| Q3 25 | $-0.17 | $1.18 | ||
| Q2 25 | $0.05 | $1.64 | ||
| Q1 25 | $0.06 | $2.37 | ||
| Q4 24 | $0.02 | $0.49 | ||
| Q3 24 | $0.12 | $-1.81 | ||
| Q2 24 | $0.21 | $-0.59 | ||
| Q1 24 | $0.01 | $1.80 |
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 | $271.4M |
| 总债务越低越好 | $9.8B | $2.7B |
| 股东权益账面价值 | $7.5B | $3.6B |
| 总资产 | $20.3B | $9.2B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资DOCNFG
| Q4 25 | $467.5M | $271.4M | ||
| Q3 25 | $91.0M | $43.2M | ||
| Q2 25 | $89.4M | $39.3M | ||
| Q1 25 | $70.6M | $40.0M | ||
| Q4 24 | $119.8M | $48.7M | ||
| Q3 24 | $180.4M | $38.2M | ||
| Q2 24 | $106.9M | $81.4M | ||
| Q1 24 | $101.8M | $50.8M |
总债务DOCNFG
| Q4 25 | $9.8B | $2.7B | ||
| Q3 25 | $9.1B | $2.7B | ||
| Q2 25 | $9.0B | $2.7B | ||
| Q1 25 | $8.9B | $2.7B | ||
| Q4 24 | $8.7B | $2.7B | ||
| Q3 24 | $8.6B | $2.7B | ||
| Q2 24 | $8.6B | $2.7B | ||
| Q1 24 | $8.8B | $2.4B |
股东权益DOCNFG
| Q4 25 | $7.5B | $3.6B | ||
| Q3 25 | $7.6B | $3.1B | ||
| Q2 25 | $7.9B | $3.0B | ||
| Q1 25 | $8.2B | $2.8B | ||
| Q4 24 | $8.4B | $-76.2M | ||
| Q3 24 | $8.6B | $-15.5M | ||
| Q2 24 | $8.8B | $5.0M | ||
| Q1 24 | $8.9B | $75.3M |
总资产DOCNFG
| Q4 25 | $20.3B | $9.2B | ||
| Q3 25 | $19.6B | $8.7B | ||
| Q2 25 | $19.8B | $8.4B | ||
| Q1 25 | $19.8B | $8.5B | ||
| Q4 24 | $19.9B | $8.3B | ||
| Q3 24 | $20.0B | $8.3B | ||
| Q2 24 | $20.2B | $8.5B | ||
| Q1 24 | $20.5B | $8.7B |
负债/权益比DOCNFG
| Q4 25 | 1.31× | 0.75× | ||
| Q3 25 | 1.20× | 0.87× | ||
| Q2 25 | 1.14× | 0.90× | ||
| Q1 25 | 1.08× | 0.99× | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.98× | 532.10× | ||
| Q1 24 | 0.99× | 31.68× |
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 | $274.9M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-2.7M |
| 自由现金流率自由现金流/营收 | 49.6% | -0.4% |
| 资本支出强度资本支出/营收 | 124.4% | 43.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.51× |
| 过去12个月自由现金流最近4个季度 | — | $204.8M |
8季度趋势，按日历期对齐
经营现金流DOCNFG
| Q4 25 | $1.3B | $274.9M | ||
| Q3 25 | $315.0M | $237.8M | ||
| Q2 25 | $363.5M | $388.4M | ||
| Q1 25 | $279.4M | $253.8M | ||
| Q4 24 | $1.1B | $220.1M | ||
| Q3 24 | $318.2M | $197.9M | ||
| Q2 24 | $316.2M | $281.8M | ||
| Q1 24 | $152.6M | $315.3M |
自由现金流DOCNFG
| Q4 25 | $357.0M | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | $333.7M | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M | ||
| Q1 24 | — | $80.3M |
自由现金流率DOCNFG
| Q4 25 | 49.6% | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | 47.8% | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% | ||
| Q1 24 | — | 14.4% |
资本支出强度DOCNFG
| Q4 25 | 124.4% | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | 105.6% | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% | ||
| Q1 24 | — | 42.1% |
现金转化率DOCNFG
| Q4 25 | 10.99× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 11.48× | 2.59× | ||
| Q1 25 | 6.52× | 1.17× | ||
| Q4 24 | 235.43× | 4.89× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 1.90× |
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
NFG
| Natural Gas Production | $302.5M | 47% |
| Natural Gas Residential Sales | $198.0M | 31% |
| Pipeline And Storage | $69.2M | 11% |
| Natural Gas Commercial Sales | $27.9M | 4% |
| Natural Gas Storage | $25.1M | 4% |
| Other | $4.1M | 1% |
| Natural Gas Midstream | $2.8M | 0% |
