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Healthpeak Properties（DOC）与NATIONAL HEALTHCARE CORP（NHC）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 HEALTHCARE CORP的1.9倍（$719.4M vs $386.5M），Healthpeak Properties净利率更高（73.2% vs 6.4%，领先66.7%），NATIONAL HEALTHCARE CORP同比增速更快（4.6% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $6.4M），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% 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。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
DOC vs NHC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $386.5M |
| 净利润 | $114.0M | $24.8M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 8.6% |
| 净利率 | 73.2% | 6.4% |
| 营收同比 | 3.1% | 4.6% |
| 净利润同比 | 2406.4% | 308.6% |
| 每股收益（稀释后） | $0.16 | $1.58 |
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 | $386.5M | ||
| Q3 25 | $705.9M | $382.7M | ||
| Q2 25 | $694.3M | $374.9M | ||
| Q1 25 | $702.9M | $373.7M | ||
| Q4 24 | $698.0M | $369.4M | ||
| Q3 24 | $700.4M | $340.2M | ||
| Q2 24 | $695.5M | $300.7M | ||
| Q1 24 | $606.6M | $297.2M |
| Q4 25 | $114.0M | $24.8M | ||
| Q3 25 | $-117.1M | $39.2M | ||
| Q2 25 | $31.7M | $23.7M | ||
| Q1 25 | $42.8M | $32.2M | ||
| Q4 24 | $4.5M | $6.1M | ||
| Q3 24 | $85.9M | $42.8M | ||
| Q2 24 | $146.0M | $26.8M | ||
| Q1 24 | $6.7M | $26.2M |
| 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% | 8.6% | ||
| Q3 25 | 9.2% | 7.9% | ||
| Q2 25 | 5.7% | 9.1% | ||
| Q1 25 | 7.7% | 8.2% | ||
| Q4 24 | -2.2% | 7.8% | ||
| Q3 24 | 14.1% | 6.7% | ||
| Q2 24 | 22.3% | 7.5% | ||
| Q1 24 | 3.7% | 5.3% |
| Q4 25 | 73.2% | 6.4% | ||
| Q3 25 | -16.6% | 10.3% | ||
| Q2 25 | 4.6% | 6.3% | ||
| Q1 25 | 6.1% | 8.6% | ||
| Q4 24 | 0.7% | 1.6% | ||
| Q3 24 | 12.3% | 12.6% | ||
| Q2 24 | 21.0% | 8.9% | ||
| Q1 24 | 1.1% | 8.8% |
| Q4 25 | $0.16 | $1.58 | ||
| Q3 25 | $-0.17 | $2.50 | ||
| Q2 25 | $0.05 | $1.52 | ||
| Q1 25 | $0.06 | $2.07 | ||
| Q4 24 | $0.02 | $0.38 | ||
| Q3 24 | $0.12 | $2.73 | ||
| Q2 24 | $0.21 | $1.73 | ||
| Q1 24 | $0.01 | $1.69 |
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 | $92.8M |
| 总债务越低越好 | $9.8B | $40.0M |
| 股东权益账面价值 | $7.5B | $1.1B |
| 总资产 | $20.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.04× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $92.8M | ||
| Q3 25 | $91.0M | $130.6M | ||
| Q2 25 | $89.4M | $111.0M | ||
| Q1 25 | $70.6M | $90.4M | ||
| Q4 24 | $119.8M | $76.1M | ||
| Q3 24 | $180.4M | $84.8M | ||
| Q2 24 | $106.9M | $136.2M | ||
| Q1 24 | $101.8M | $94.0M |
| Q4 25 | $9.8B | $40.0M | ||
| Q3 25 | $9.1B | $73.1M | ||
| Q2 25 | $9.0B | $110.0M | ||
| Q1 25 | $8.9B | $134.0M | ||
| Q4 24 | $8.7B | $137.0M | ||
| Q3 24 | $8.6B | $147.0M | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
| Q4 25 | $7.5B | $1.1B | ||
| Q3 25 | $7.6B | $1.1B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $8.2B | $1.0B | ||
| Q4 24 | $8.4B | $980.2M | ||
| Q3 24 | $8.6B | $983.5M | ||
| Q2 24 | $8.8B | $945.8M | ||
| Q1 24 | $8.9B | $924.7M |
| Q4 25 | $20.3B | $1.5B | ||
| Q3 25 | $19.6B | $1.6B | ||
| Q2 25 | $19.8B | $1.6B | ||
| Q1 25 | $19.8B | $1.5B | ||
| Q4 24 | $19.9B | $1.5B | ||
| Q3 24 | $20.0B | $1.6B | ||
| Q2 24 | $20.2B | $1.3B | ||
| Q1 24 | $20.5B | $1.3B |
| Q4 25 | 1.31× | 0.04× | ||
| Q3 25 | 1.20× | 0.07× | ||
| Q2 25 | 1.14× | 0.11× | ||
| Q1 25 | 1.08× | 0.13× | ||
| Q4 24 | 1.04× | 0.14× | ||
| Q3 24 | 1.00× | 0.15× | ||
| 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 | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $6.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 1.7% |
| 资本支出强度资本支出/营收 | 124.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.68× |
| 过去12个月自由现金流最近4个季度 | — | $148.6M |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $16.8M | ||
| Q3 25 | $315.0M | $66.2M | ||
| Q2 25 | $363.5M | $62.8M | ||
| Q1 25 | $279.4M | $39.3M | ||
| Q4 24 | $1.1B | $12.8M | ||
| Q3 24 | $318.2M | $34.2M | ||
| Q2 24 | $316.2M | $50.7M | ||
| Q1 24 | $152.6M | $9.6M |
| Q4 25 | $357.0M | $6.4M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $52.6M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | $333.7M | $4.6M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $42.8M | ||
| Q1 24 | — | $3.7M |
| Q4 25 | 49.6% | 1.7% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | 47.8% | 1.3% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 124.4% | 2.7% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 105.6% | 2.2% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 10.99× | 0.68× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 11.48× | 2.65× | ||
| Q1 25 | 6.52× | 1.22× | ||
| Q4 24 | 235.43× | 2.10× | ||
| Q3 24 | 3.71× | 0.80× | ||
| Q2 24 | 2.17× | 1.89× | ||
| Q1 24 | 22.85× | 0.37× |
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
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
