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Healthpeak Properties（DOC）与Pool Corporation（POOL）财务数据对比。点击上方公司名可切换其他公司
Pool Corporation的季度营收约是Healthpeak Properties的1.6倍（$1.1B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 4.7%，领先68.5%），Pool Corporation同比增速更快（6.2% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -19.8%）
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。
Pool Corporation（简称POOLCORP）是全球最大的游泳池用品、设备及机械分销商，注册地为美国特拉华州，总部位于路易斯安那州卡温顿。公司在北美、欧洲、澳大利亚运营439个销售中心，服务约12.5万客户，过半收入来自美国加州、得州、佛罗里达及亚利桑那市场，受益于人口向温暖气候区迁移的趋势。
DOC vs POOL — 直观对比
营收规模更大
POOL
是对方的1.6倍
$719.4M
营收增速更快
POOL
高出3.1%
3.1%
净利率更高
DOC
高出68.5%
4.7%
两年增速更快
DOC
近两年复合增速
-19.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.1B |
| 净利润 | $114.0M | $53.2M |
| 毛利率 | — | 29.0% |
| 营业利润率 | 17.4% | 7.3% |
| 净利率 | 73.2% | 4.7% |
| 营收同比 | 3.1% | 6.2% |
| 净利润同比 | 2406.4% | -0.6% |
| 每股收益（稀释后） | $0.16 | $1.45 |
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DOCPOOL
| Q1 26 | — | $1.1B | ||
| Q4 25 | $719.4M | $982.2M | ||
| Q3 25 | $705.9M | $1.5B | ||
| Q2 25 | $694.3M | $1.8B | ||
| Q1 25 | $702.9M | $1.1B | ||
| Q4 24 | $698.0M | $987.5M | ||
| Q3 24 | $700.4M | $1.4B | ||
| Q2 24 | $695.5M | $1.8B |
净利润DOCPOOL
| Q1 26 | — | $53.2M | ||
| Q4 25 | $114.0M | $31.6M | ||
| Q3 25 | $-117.1M | $127.0M | ||
| Q2 25 | $31.7M | $194.3M | ||
| Q1 25 | $42.8M | $53.5M | ||
| Q4 24 | $4.5M | $37.3M | ||
| Q3 24 | $85.9M | $125.7M | ||
| Q2 24 | $146.0M | $192.4M |
毛利率DOCPOOL
| Q1 26 | — | 29.0% | ||
| Q4 25 | — | 30.1% | ||
| Q3 25 | 58.6% | 29.6% | ||
| Q2 25 | 60.2% | 30.0% | ||
| Q1 25 | 61.1% | 29.2% | ||
| Q4 24 | 60.3% | 29.4% | ||
| Q3 24 | 60.0% | 29.1% | ||
| Q2 24 | 60.6% | 30.0% |
营业利润率DOCPOOL
| Q1 26 | — | 7.3% | ||
| Q4 25 | 17.4% | 5.3% | ||
| Q3 25 | 9.2% | 12.3% | ||
| Q2 25 | 5.7% | 15.3% | ||
| Q1 25 | 7.7% | 7.2% | ||
| Q4 24 | -2.2% | 6.1% | ||
| Q3 24 | 14.1% | 12.3% | ||
| Q2 24 | 22.3% | 15.3% |
净利率DOCPOOL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 73.2% | 3.2% | ||
| Q3 25 | -16.6% | 8.8% | ||
| Q2 25 | 4.6% | 10.9% | ||
| Q1 25 | 6.1% | 5.0% | ||
| Q4 24 | 0.7% | 3.8% | ||
| Q3 24 | 12.3% | 8.8% | ||
| Q2 24 | 21.0% | 10.9% |
每股收益（稀释后）DOCPOOL
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.16 | $0.86 | ||
| Q3 25 | $-0.17 | $3.40 | ||
| Q2 25 | $0.05 | $5.17 | ||
| Q1 25 | $0.06 | $1.42 | ||
| Q4 24 | $0.02 | $1.00 | ||
| Q3 24 | $0.12 | $3.27 | ||
| Q2 24 | $0.21 | $4.99 |
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 | $64.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | $4.0B |
| 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DOCPOOL
| Q1 26 | — | $64.5M | ||
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — |
总债务DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | $1.0B | ||
| Q2 25 | $9.0B | $1.2B | ||
| Q1 25 | $8.9B | $968.0M | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | $879.1M | ||
| Q2 24 | $8.6B | $1.1B |
股东权益DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $1.2B | ||
| Q3 25 | $7.6B | $1.4B | ||
| Q2 25 | $7.9B | $1.3B | ||
| Q1 25 | $8.2B | $1.2B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.8B | $1.4B |
总资产DOCPOOL
| Q1 26 | — | $4.0B | ||
| Q4 25 | $20.3B | $3.6B | ||
| Q3 25 | $19.6B | $3.5B | ||
| Q2 25 | $19.8B | $3.7B | ||
| Q1 25 | $19.8B | $3.7B | ||
| Q4 24 | $19.9B | $3.4B | ||
| Q3 24 | $20.0B | $3.4B | ||
| Q2 24 | $20.2B | $3.6B |
负债/权益比DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | 0.76× | ||
| Q2 25 | 1.14× | 0.93× | ||
| Q1 25 | 1.08× | 0.78× | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | 0.61× | ||
| Q2 24 | 0.98× | 0.75× |
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 | $25.7M |
| 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× | 0.48× |
| 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DOCPOOL
| Q1 26 | — | $25.7M | ||
| Q4 25 | $1.3B | $80.1M | ||
| Q3 25 | $315.0M | $287.3M | ||
| Q2 25 | $363.5M | $-28.8M | ||
| Q1 25 | $279.4M | $27.2M | ||
| Q4 24 | $1.1B | $170.6M | ||
| Q3 24 | $318.2M | $316.5M | ||
| Q2 24 | $316.2M | $26.7M |
自由现金流DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $71.9M | ||
| Q3 25 | — | $266.6M | ||
| Q2 25 | — | $-42.9M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $333.7M | $157.0M | ||
| Q3 24 | — | $305.5M | ||
| Q2 24 | — | $8.8M |
自由现金流率DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 7.3% | ||
| Q3 25 | — | 18.4% | ||
| Q2 25 | — | -2.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 47.8% | 15.9% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | — | 0.5% |
资本支出强度DOCPOOL
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 0.8% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 105.6% | 1.4% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.0% |
现金转化率DOCPOOL
| Q1 26 | — | 0.48× | ||
| Q4 25 | 10.99× | 2.54× | ||
| Q3 25 | — | 2.26× | ||
| Q2 25 | 11.48× | -0.15× | ||
| Q1 25 | 6.52× | 0.51× | ||
| Q4 24 | 235.43× | 4.57× | ||
| Q3 24 | 3.71× | 2.52× | ||
| Q2 24 | 2.17× | 0.14× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
