vs
Healthpeak Properties（DOC）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是Healthpeak Properties的1.8倍（$1.3B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 12.7%，领先60.5%），Healthpeak Properties同比增速更快（3.1% vs -0.6%），Healthpeak Properties自由现金流更多（$357.0M vs $279.4M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
DOC vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.8倍
$719.4M
营收增速更快
DOC
高出3.6%
-0.6%
净利率更高
DOC
高出60.5%
12.7%
自由现金流更多
DOC
多$77.6M
$279.4M
两年增速更快
DOC
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.3B |
| 净利润 | $114.0M | $168.1M |
| 毛利率 | — | 74.0% |
| 营业利润率 | 17.4% | 22.0% |
| 净利率 | 73.2% | 12.7% |
| 营收同比 | 3.1% | -0.6% |
| 净利润同比 | 2406.4% | -26.9% |
| 每股收益（稀释后） | $0.16 | $0.66 |
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DOCOTEX
| Q4 25 | $719.4M | $1.3B | ||
| Q3 25 | $705.9M | $1.3B | ||
| Q2 25 | $694.3M | $1.3B | ||
| Q1 25 | $702.9M | $1.3B | ||
| Q4 24 | $698.0M | $1.3B | ||
| Q3 24 | $700.4M | $1.3B | ||
| Q2 24 | $695.5M | $1.4B | ||
| Q1 24 | $606.6M | $1.4B |
净利润DOCOTEX
| Q4 25 | $114.0M | $168.1M | ||
| Q3 25 | $-117.1M | $146.6M | ||
| Q2 25 | $31.7M | $28.8M | ||
| Q1 25 | $42.8M | $92.8M | ||
| Q4 24 | $4.5M | $229.9M | ||
| Q3 24 | $85.9M | $84.4M | ||
| Q2 24 | $146.0M | $248.2M | ||
| Q1 24 | $6.7M | $98.3M |
毛利率DOCOTEX
| Q4 25 | — | 74.0% | ||
| Q3 25 | 58.6% | 72.8% | ||
| Q2 25 | 60.2% | 72.3% | ||
| Q1 25 | 61.1% | 71.6% | ||
| Q4 24 | 60.3% | 73.3% | ||
| Q3 24 | 60.0% | 71.7% | ||
| Q2 24 | 60.6% | 72.5% | ||
| Q1 24 | 59.8% | 73.0% |
营业利润率DOCOTEX
| Q4 25 | 17.4% | 22.0% | ||
| Q3 25 | 9.2% | 21.0% | ||
| Q2 25 | 5.7% | 13.9% | ||
| Q1 25 | 7.7% | 16.7% | ||
| Q4 24 | -2.2% | 22.2% | ||
| Q3 24 | 14.1% | 16.3% | ||
| Q2 24 | 22.3% | 14.2% | ||
| Q1 24 | 3.7% | 15.7% |
净利率DOCOTEX
| Q4 25 | 73.2% | 12.7% | ||
| Q3 25 | -16.6% | 11.4% | ||
| Q2 25 | 4.6% | 2.2% | ||
| Q1 25 | 6.1% | 7.4% | ||
| Q4 24 | 0.7% | 17.2% | ||
| Q3 24 | 12.3% | 6.6% | ||
| Q2 24 | 21.0% | 18.2% | ||
| Q1 24 | 1.1% | 6.8% |
每股收益（稀释后）DOCOTEX
| Q4 25 | $0.16 | $0.66 | ||
| Q3 25 | $-0.17 | $0.58 | ||
| Q2 25 | $0.05 | $0.11 | ||
| Q1 25 | $0.06 | $0.35 | ||
| Q4 24 | $0.02 | $0.87 | ||
| Q3 24 | $0.12 | $0.32 | ||
| Q2 24 | $0.21 | $0.91 | ||
| Q1 24 | $0.01 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | $9.8B | $6.4B |
| 股东权益账面价值 | $7.5B | $4.0B |
| 总资产 | $20.3B | $13.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资DOCOTEX
| Q4 25 | $467.5M | $1.3B | ||
| Q3 25 | $91.0M | $1.1B | ||
| Q2 25 | $89.4M | $1.2B | ||
| Q1 25 | $70.6M | $1.3B | ||
| Q4 24 | $119.8M | $1.1B | ||
| Q3 24 | $180.4M | $1.0B | ||
| Q2 24 | $106.9M | $1.3B | ||
| Q1 24 | $101.8M | $1.1B |
总债务DOCOTEX
| Q4 25 | $9.8B | $6.4B | ||
| Q3 25 | $9.1B | $6.4B | ||
| Q2 25 | $9.0B | $6.4B | ||
| Q1 25 | $8.9B | $6.4B | ||
| Q4 24 | $8.7B | $6.4B | ||
| Q3 24 | $8.6B | $6.4B | ||
| Q2 24 | $8.6B | $6.4B | ||
| Q1 24 | $8.8B | $8.4B |
股东权益DOCOTEX
| Q4 25 | $7.5B | $4.0B | ||
| Q3 25 | $7.6B | $4.0B | ||
| Q2 25 | $7.9B | $3.9B | ||
| Q1 25 | $8.2B | $4.1B | ||
| Q4 24 | $8.4B | $4.2B | ||
| Q3 24 | $8.6B | $4.1B | ||
| Q2 24 | $8.8B | $4.2B | ||
| Q1 24 | $8.9B | $4.1B |
总资产DOCOTEX
| Q4 25 | $20.3B | $13.6B | ||
| Q3 25 | $19.6B | $13.5B | ||
| Q2 25 | $19.8B | $13.8B | ||
| Q1 25 | $19.8B | $13.8B | ||
| Q4 24 | $19.9B | $13.7B | ||
| Q3 24 | $20.0B | $13.8B | ||
| Q2 24 | $20.2B | $14.2B | ||
| Q1 24 | $20.5B | $16.4B |
负债/权益比DOCOTEX
| Q4 25 | 1.31× | 1.58× | ||
| Q3 25 | 1.20× | 1.61× | ||
| Q2 25 | 1.14× | 1.62× | ||
| Q1 25 | 1.08× | 1.55× | ||
| Q4 24 | 1.04× | 1.51× | ||
| Q3 24 | 1.00× | 1.55× | ||
| Q2 24 | 0.98× | 1.52× | ||
| Q1 24 | 0.99× | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $279.4M |
| 自由现金流率自由现金流/营收 | 49.6% | 21.1% |
| 资本支出强度资本支出/营收 | 124.4% | 3.0% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.90× |
| 过去12个月自由现金流最近4个季度 | — | $878.5M |
8季度趋势，按日历期对齐
经营现金流DOCOTEX
| Q4 25 | $1.3B | $318.7M | ||
| Q3 25 | $315.0M | $147.8M | ||
| Q2 25 | $363.5M | $158.2M | ||
| Q1 25 | $279.4M | $402.2M | ||
| Q4 24 | $1.1B | $348.0M | ||
| Q3 24 | $318.2M | $-77.8M | ||
| Q2 24 | $316.2M | $185.2M | ||
| Q1 24 | $152.6M | $384.7M |
自由现金流DOCOTEX
| Q4 25 | $357.0M | $279.4M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | — | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | $333.7M | $306.7M | ||
| Q3 24 | — | $-117.1M | ||
| Q2 24 | — | $145.2M | ||
| Q1 24 | — | $348.2M |
自由现金流率DOCOTEX
| Q4 25 | 49.6% | 21.1% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | 47.8% | 23.0% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 24.1% |
资本支出强度DOCOTEX
| Q4 25 | 124.4% | 3.0% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 105.6% | 3.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.5% |
现金转化率DOCOTEX
| Q4 25 | 10.99× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 11.48× | 5.49× | ||
| Q1 25 | 6.52× | 4.33× | ||
| Q4 24 | 235.43× | 1.51× | ||
| Q3 24 | 3.71× | -0.92× | ||
| Q2 24 | 2.17× | 0.75× | ||
| Q1 24 | 22.85× | 3.91× |
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
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
