vs
Healthpeak Properties（DOC）与Paylocity Holding Corp（PCTY）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Paylocity Holding Corp的1.9倍（$719.4M vs $387.0M），Healthpeak Properties净利率更高（73.2% vs 13.0%，领先60.2%），Paylocity Holding Corp同比增速更快（11.3% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $113.6M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.7%）
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。
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
DOC vs PCTY — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $387.0M |
| 净利润 | $114.0M | $50.2M |
| 毛利率 | — | 72.9% |
| 营业利润率 | 17.4% | 18.2% |
| 净利率 | 73.2% | 13.0% |
| 营收同比 | 3.1% | 11.3% |
| 净利润同比 | 2406.4% | 34.0% |
| 每股收益（稀释后） | $0.16 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $705.9M | $378.9M | ||
| Q2 25 | $694.3M | $369.9M | ||
| Q1 25 | $702.9M | $421.1M | ||
| Q4 24 | $698.0M | $347.7M | ||
| Q3 24 | $700.4M | $333.1M | ||
| Q2 24 | $695.5M | $324.7M | ||
| Q1 24 | $606.6M | $366.8M |
| Q4 25 | $114.0M | $50.2M | ||
| Q3 25 | $-117.1M | $48.0M | ||
| Q2 25 | $31.7M | $48.6M | ||
| Q1 25 | $42.8M | $91.5M | ||
| Q4 24 | $4.5M | $37.5M | ||
| Q3 24 | $85.9M | $49.6M | ||
| Q2 24 | $146.0M | $48.8M | ||
| Q1 24 | $6.7M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | 58.6% | 73.9% | ||
| Q2 25 | 60.2% | 73.5% | ||
| Q1 25 | 61.1% | 77.1% | ||
| Q4 24 | 60.3% | 72.6% | ||
| Q3 24 | 60.0% | 74.4% | ||
| Q2 24 | 60.6% | 74.0% | ||
| Q1 24 | 59.8% | 77.8% |
| Q4 25 | 17.4% | 18.2% | ||
| Q3 25 | 9.2% | 19.6% | ||
| Q2 25 | 5.7% | 17.9% | ||
| Q1 25 | 7.7% | 30.2% | ||
| Q4 24 | -2.2% | 13.4% | ||
| Q3 24 | 14.1% | 19.3% | ||
| Q2 24 | 22.3% | 19.4% | ||
| Q1 24 | 3.7% | 29.0% |
| Q4 25 | 73.2% | 13.0% | ||
| Q3 25 | -16.6% | 12.7% | ||
| Q2 25 | 4.6% | 13.1% | ||
| Q1 25 | 6.1% | 21.7% | ||
| Q4 24 | 0.7% | 10.8% | ||
| Q3 24 | 12.3% | 14.9% | ||
| Q2 24 | 21.0% | 15.0% | ||
| Q1 24 | 1.1% | 23.3% |
| Q4 25 | $0.16 | $0.92 | ||
| Q3 25 | $-0.17 | $0.86 | ||
| Q2 25 | $0.05 | $0.87 | ||
| Q1 25 | $0.06 | $1.61 | ||
| Q4 24 | $0.02 | $0.66 | ||
| Q3 24 | $0.12 | $0.88 | ||
| Q2 24 | $0.21 | $0.85 | ||
| Q1 24 | $0.01 | $1.50 |
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 | $162.5M |
| 总债务越低越好 | $9.8B | $81.3M |
| 股东权益账面价值 | $7.5B | $1.1B |
| 总资产 | $20.3B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.07× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $162.5M | ||
| Q3 25 | $91.0M | $165.2M | ||
| Q2 25 | $89.4M | $398.1M | ||
| Q1 25 | $70.6M | $477.8M | ||
| Q4 24 | $119.8M | $482.4M | ||
| Q3 24 | $180.4M | $778.5M | ||
| Q2 24 | $106.9M | $401.8M | ||
| Q1 24 | $101.8M | $492.7M |
| Q4 25 | $9.8B | $81.3M | ||
| Q3 25 | $9.1B | $81.3M | ||
| Q2 25 | $9.0B | $162.5M | ||
| Q1 25 | $8.9B | $243.8M | ||
| Q4 24 | $8.7B | $325.0M | ||
| Q3 24 | $8.6B | $325.0M | ||
| Q2 24 | $8.6B | $0 | ||
| Q1 24 | $8.8B | — |
| Q4 25 | $7.5B | $1.1B | ||
| Q3 25 | $7.6B | $1.1B | ||
| Q2 25 | $7.9B | $1.2B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $8.4B | $1.2B | ||
| Q3 24 | $8.6B | $1.1B | ||
| Q2 24 | $8.8B | $1.0B | ||
| Q1 24 | $8.9B | $1.1B |
| Q4 25 | $20.3B | $7.0B | ||
| Q3 25 | $19.6B | $4.2B | ||
| Q2 25 | $19.8B | $4.4B | ||
| Q1 25 | $19.8B | $5.2B | ||
| Q4 24 | $19.9B | $5.3B | ||
| Q3 24 | $20.0B | $4.0B | ||
| Q2 24 | $20.2B | $4.2B | ||
| Q1 24 | $20.5B | $5.0B |
| Q4 25 | 1.31× | 0.07× | ||
| Q3 25 | 1.20× | 0.07× | ||
| Q2 25 | 1.14× | 0.13× | ||
| Q1 25 | 1.08× | 0.20× | ||
| Q4 24 | 1.04× | 0.28× | ||
| Q3 24 | 1.00× | 0.29× | ||
| Q2 24 | 0.98× | 0.00× | ||
| 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 | $117.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $113.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 29.4% |
| 资本支出强度资本支出/营收 | 124.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $461.1M |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $117.0M | ||
| Q3 25 | $315.0M | $86.5M | ||
| Q2 25 | $363.5M | $86.6M | ||
| Q1 25 | $279.4M | $186.0M | ||
| Q4 24 | $1.1B | $54.2M | ||
| Q3 24 | $318.2M | $91.5M | ||
| Q2 24 | $316.2M | $79.9M | ||
| Q1 24 | $152.6M | $167.5M |
| Q4 25 | $357.0M | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | $333.7M | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | 49.6% | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | 47.8% | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | 124.4% | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 105.6% | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 10.99× | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 11.48× | 1.78× | ||
| Q1 25 | 6.52× | 2.03× | ||
| Q4 24 | 235.43× | 1.45× | ||
| Q3 24 | 3.71× | 1.84× | ||
| Q2 24 | 2.17× | 1.64× | ||
| Q1 24 | 22.85× | 1.96× |
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
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
