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Healthpeak Properties（DOC）与PennyMac Financial Services, Inc.（PFSI）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PennyMac Financial Services, Inc.的1.3倍（$719.4M vs $538.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 73.2%，领先1679.3%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% 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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
DOC vs PFSI — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $538.0M |
| 净利润 | $114.0M | $106.8M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 25.0% |
| 净利率 | 73.2% | 1752.5% |
| 营收同比 | 3.1% | 14.4% |
| 净利润同比 | 2406.4% | 2.2% |
| 每股收益（稀释后） | $0.16 | $1.97 |
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 | $538.0M | ||
| Q3 25 | $705.9M | $632.9M | ||
| Q2 25 | $694.3M | $444.7M | ||
| Q1 25 | $702.9M | $430.9M | ||
| Q4 24 | $698.0M | $470.1M | ||
| Q3 24 | $700.4M | $411.8M | ||
| Q2 24 | $695.5M | $406.1M | ||
| Q1 24 | $606.6M | $305.7M |
| Q4 25 | $114.0M | $106.8M | ||
| Q3 25 | $-117.1M | $181.5M | ||
| Q2 25 | $31.7M | $136.5M | ||
| Q1 25 | $42.8M | $76.3M | ||
| Q4 24 | $4.5M | $104.5M | ||
| Q3 24 | $85.9M | $69.4M | ||
| Q2 24 | $146.0M | $98.3M | ||
| Q1 24 | $6.7M | $39.3M |
| 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% | 25.0% | ||
| Q3 25 | 9.2% | 37.3% | ||
| Q2 25 | 5.7% | 17.2% | ||
| Q1 25 | 7.7% | 24.2% | ||
| Q4 24 | -2.2% | 27.5% | ||
| Q3 24 | 14.1% | 22.8% | ||
| Q2 24 | 22.3% | 33.0% | ||
| Q1 24 | 3.7% | 14.4% |
| Q4 25 | 73.2% | 1752.5% | ||
| Q3 25 | -16.6% | 28.7% | ||
| Q2 25 | 4.6% | 30.7% | ||
| Q1 25 | 6.1% | 17.7% | ||
| Q4 24 | 0.7% | 2559.8% | ||
| Q3 24 | 12.3% | 16.8% | ||
| Q2 24 | 21.0% | 24.2% | ||
| Q1 24 | 1.1% | 12.9% |
| Q4 25 | $0.16 | $1.97 | ||
| Q3 25 | $-0.17 | $3.37 | ||
| Q2 25 | $0.05 | $2.54 | ||
| Q1 25 | $0.06 | $1.42 | ||
| Q4 24 | $0.02 | $1.95 | ||
| Q3 24 | $0.12 | $1.30 | ||
| Q2 24 | $0.21 | $1.85 | ||
| Q1 24 | $0.01 | $0.74 |
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 | $410.0M |
| 总债务越低越好 | $9.8B | $6.2B |
| 股东权益账面价值 | $7.5B | $4.3B |
| 总资产 | $20.3B | $29.4B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $410.0M | ||
| Q3 25 | $91.0M | $62.2M | ||
| Q2 25 | $89.4M | $462.3M | ||
| Q1 25 | $70.6M | $443.4M | ||
| Q4 24 | $119.8M | $420.6M | ||
| Q3 24 | $180.4M | $667.9M | ||
| Q2 24 | $106.9M | $188.8M | ||
| Q1 24 | $101.8M | $69.0K |
| Q4 25 | $9.8B | $6.2B | ||
| Q3 25 | $9.1B | $6.2B | ||
| Q2 25 | $9.0B | $5.6B | ||
| Q1 25 | $8.9B | $5.8B | ||
| Q4 24 | $8.7B | $5.3B | ||
| Q3 24 | $8.6B | $4.9B | ||
| Q2 24 | $8.6B | $4.9B | ||
| Q1 24 | $8.8B | $4.5B |
| Q4 25 | $7.5B | $4.3B | ||
| Q3 25 | $7.6B | $4.2B | ||
| Q2 25 | $7.9B | $4.0B | ||
| Q1 25 | $8.2B | $3.9B | ||
| Q4 24 | $8.4B | $3.8B | ||
| Q3 24 | $8.6B | $3.7B | ||
| Q2 24 | $8.8B | $3.7B | ||
| Q1 24 | $8.9B | $3.6B |
| Q4 25 | $20.3B | $29.4B | ||
| Q3 25 | $19.6B | $25.4B | ||
| Q2 25 | $19.8B | $24.2B | ||
| Q1 25 | $19.8B | $23.9B | ||
| Q4 24 | $19.9B | $26.1B | ||
| Q3 24 | $20.0B | $22.9B | ||
| Q2 24 | $20.2B | $21.6B | ||
| Q1 24 | $20.5B | $19.8B |
| Q4 25 | 1.31× | 1.45× | ||
| Q3 25 | 1.20× | 1.48× | ||
| Q2 25 | 1.14× | 1.38× | ||
| Q1 25 | 1.08× | 1.48× | ||
| Q4 24 | 1.04× | 1.37× | ||
| Q3 24 | 1.00× | 1.32× | ||
| Q2 24 | 0.98× | 1.35× | ||
| Q1 24 | 0.99× | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-1.7B |
| 自由现金流率自由现金流/营收 | 49.6% | -309.3% |
| 资本支出强度资本支出/营收 | 124.4% | 2.2% |
| 现金转化率经营现金流/净利润 | 10.99× | -15.46× |
| 过去12个月自由现金流最近4个季度 | — | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $-1.7B | ||
| Q3 25 | $315.0M | $-697.4M | ||
| Q2 25 | $363.5M | $-131.3M | ||
| Q1 25 | $279.4M | $1.1B | ||
| Q4 24 | $1.1B | $-4.5B | ||
| Q3 24 | $318.2M | $-393.7M | ||
| Q2 24 | $316.2M | $-1.1B | ||
| Q1 24 | $152.6M | $-897.9M |
| Q4 25 | $357.0M | $-1.7B | ||
| Q3 25 | — | $-699.4M | ||
| Q2 25 | — | $-132.6M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $333.7M | $-4.5B | ||
| Q3 24 | — | $-393.9M | ||
| Q2 24 | — | $-1.1B | ||
| Q1 24 | — | $-898.9M |
| Q4 25 | 49.6% | -309.3% | ||
| Q3 25 | — | -110.5% | ||
| Q2 25 | — | -29.8% | ||
| Q1 25 | — | 247.3% | ||
| Q4 24 | 47.8% | -964.7% | ||
| Q3 24 | — | -95.6% | ||
| Q2 24 | — | -269.2% | ||
| Q1 24 | — | -294.1% |
| Q4 25 | 124.4% | 2.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 105.6% | 0.4% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 10.99× | -15.46× | ||
| Q3 25 | — | -3.84× | ||
| Q2 25 | 11.48× | -0.96× | ||
| Q1 25 | 6.52× | 13.97× | ||
| Q4 24 | 235.43× | -43.39× | ||
| Q3 24 | 3.71× | -5.68× | ||
| Q2 24 | 2.17× | -11.12× | ||
| Q1 24 | 22.85× | -22.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
