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Healthpeak Properties（DOC）与EPLUS INC（PLUS）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EPLUS INC的1.2倍（$719.4M vs $614.8M），Healthpeak Properties净利率更高（73.2% vs 5.7%，领先67.5%），EPLUS INC同比增速更快（20.3% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
DOC vs PLUS — 直观对比
营收规模更大
DOC
是对方的1.2倍
$614.8M
营收增速更快
PLUS
高出17.2%
3.1%
净利率更高
DOC
高出67.5%
5.7%
两年增速更快
DOC
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $614.8M |
| 净利润 | $114.0M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | 17.4% | 7.1% |
| 净利率 | 73.2% | 5.7% |
| 营收同比 | 3.1% | 20.3% |
| 净利润同比 | 2406.4% | 45.2% |
| 每股收益（稀释后） | $0.16 | $1.33 |
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DOCPLUS
| Q4 25 | $719.4M | $614.8M | ||
| Q3 25 | $705.9M | $608.8M | ||
| Q2 25 | $694.3M | $637.3M | ||
| Q1 25 | $702.9M | — | ||
| Q4 24 | $698.0M | $493.2M | ||
| Q3 24 | $700.4M | $493.4M | ||
| Q2 24 | $695.5M | $535.7M | ||
| Q1 24 | $606.6M | — |
净利润DOCPLUS
| Q4 25 | $114.0M | $35.1M | ||
| Q3 25 | $-117.1M | $34.9M | ||
| Q2 25 | $31.7M | $37.7M | ||
| Q1 25 | $42.8M | — | ||
| Q4 24 | $4.5M | $24.1M | ||
| Q3 24 | $85.9M | $31.3M | ||
| Q2 24 | $146.0M | $27.3M | ||
| Q1 24 | $6.7M | — |
毛利率DOCPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | 58.6% | 26.6% | ||
| Q2 25 | 60.2% | 23.3% | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | 25.4% | ||
| Q3 24 | 60.0% | 25.8% | ||
| Q2 24 | 60.6% | 23.7% | ||
| Q1 24 | 59.8% | — |
营业利润率DOCPLUS
| Q4 25 | 17.4% | 7.1% | ||
| Q3 25 | 9.2% | 8.0% | ||
| Q2 25 | 5.7% | 5.7% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | 3.3% | ||
| Q3 24 | 14.1% | 5.5% | ||
| Q2 24 | 22.3% | 5.9% | ||
| Q1 24 | 3.7% | — |
净利率DOCPLUS
| Q4 25 | 73.2% | 5.7% | ||
| Q3 25 | -16.6% | 5.7% | ||
| Q2 25 | 4.6% | 5.9% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 0.7% | 4.9% | ||
| Q3 24 | 12.3% | 6.3% | ||
| Q2 24 | 21.0% | 5.1% | ||
| Q1 24 | 1.1% | — |
每股收益（稀释后）DOCPLUS
| Q4 25 | $0.16 | $1.33 | ||
| Q3 25 | $-0.17 | $1.32 | ||
| Q2 25 | $0.05 | $1.43 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | $0.91 | ||
| Q3 24 | $0.12 | $1.17 | ||
| Q2 24 | $0.21 | $1.02 | ||
| Q1 24 | $0.01 | — |
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 | $326.3M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $1.1B |
| 总资产 | $20.3B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
现金及短期投资DOCPLUS
| Q4 25 | $467.5M | $326.3M | ||
| Q3 25 | $91.0M | $402.2M | ||
| Q2 25 | $89.4M | $480.2M | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | $253.1M | ||
| Q3 24 | $180.4M | $187.5M | ||
| Q2 24 | $106.9M | $349.9M | ||
| Q1 24 | $101.8M | — |
总债务DOCPLUS
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCPLUS
| Q4 25 | $7.5B | $1.1B | ||
| Q3 25 | $7.6B | $1.0B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | $962.3M | ||
| Q3 24 | $8.6B | $947.0M | ||
| Q2 24 | $8.8B | $921.9M | ||
| Q1 24 | $8.9B | — |
总资产DOCPLUS
| Q4 25 | $20.3B | $1.8B | ||
| Q3 25 | $19.6B | $1.8B | ||
| Q2 25 | $19.8B | $1.8B | ||
| Q1 25 | $19.8B | — | ||
| Q4 24 | $19.9B | $1.8B | ||
| Q3 24 | $20.0B | $1.7B | ||
| Q2 24 | $20.2B | $1.7B | ||
| Q1 24 | $20.5B | — |
负债/权益比DOCPLUS
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| 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 | $-87.4M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | — |
| 现金转化率经营现金流/净利润 | 10.99× | -2.49× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCPLUS
| Q4 25 | $1.3B | $-87.4M | ||
| Q3 25 | $315.0M | $-34.8M | ||
| Q2 25 | $363.5M | $-99.0M | ||
| Q1 25 | $279.4M | — | ||
| Q4 24 | $1.1B | $65.7M | ||
| Q3 24 | $318.2M | $-21.6M | ||
| Q2 24 | $316.2M | $97.1M | ||
| Q1 24 | $152.6M | — |
自由现金流DOCPLUS
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCPLUS
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCPLUS
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCPLUS
| Q4 25 | 10.99× | -2.49× | ||
| Q3 25 | — | -1.00× | ||
| Q2 25 | 11.48× | -2.63× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 2.72× | ||
| Q3 24 | 3.71× | -0.69× | ||
| Q2 24 | 2.17× | 3.55× | ||
| Q1 24 | 22.85× | — |
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
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
