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Healthpeak Properties（DOC）与Primerica, Inc.（PRI）财务数据对比。点击上方公司名可切换其他公司
Primerica, Inc.的季度营收约是Healthpeak Properties的1.2倍（$853.7M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 23.1%，领先50.1%），Primerica, Inc.同比增速更快（11.0% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 7.2%）
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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
DOC vs PRI — 直观对比
营收规模更大
PRI
是对方的1.2倍
$719.4M
营收增速更快
PRI
高出8.0%
3.1%
净利率更高
DOC
高出50.1%
23.1%
两年增速更快
DOC
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $853.7M |
| 净利润 | $114.0M | $197.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 28.9% |
| 净利率 | 73.2% | 23.1% |
| 营收同比 | 3.1% | 11.0% |
| 净利润同比 | 2406.4% | 17.9% |
| 每股收益（稀释后） | $0.16 | $6.11 |
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DOCPRI
| Q4 25 | $719.4M | $853.7M | ||
| Q3 25 | $705.9M | $839.9M | ||
| Q2 25 | $694.3M | $793.3M | ||
| Q1 25 | $702.9M | $804.8M | ||
| Q4 24 | $698.0M | $768.8M | ||
| Q3 24 | $700.4M | $774.1M | ||
| Q2 24 | $695.5M | $803.4M | ||
| Q1 24 | $606.6M | $742.8M |
净利润DOCPRI
| Q4 25 | $114.0M | $197.0M | ||
| Q3 25 | $-117.1M | $206.8M | ||
| Q2 25 | $31.7M | $178.3M | ||
| Q1 25 | $42.8M | $169.1M | ||
| Q4 24 | $4.5M | $167.1M | ||
| Q3 24 | $85.9M | $164.4M | ||
| Q2 24 | $146.0M | $1.2M | ||
| Q1 24 | $6.7M | $137.9M |
毛利率DOCPRI
| 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% | 98.0% | ||
| Q1 24 | 59.8% | 98.2% |
营业利润率DOCPRI
| Q4 25 | 17.4% | 28.9% | ||
| Q3 25 | 9.2% | 32.3% | ||
| Q2 25 | 5.7% | 29.6% | ||
| Q1 25 | 7.7% | 27.5% | ||
| Q4 24 | -2.2% | 64.7% | ||
| Q3 24 | 14.1% | 32.9% | ||
| Q2 24 | 22.3% | 1.0% | ||
| Q1 24 | 3.7% | 24.1% |
净利率DOCPRI
| Q4 25 | 73.2% | 23.1% | ||
| Q3 25 | -16.6% | 24.6% | ||
| Q2 25 | 4.6% | 22.5% | ||
| Q1 25 | 6.1% | 21.0% | ||
| Q4 24 | 0.7% | 21.7% | ||
| Q3 24 | 12.3% | 21.2% | ||
| Q2 24 | 21.0% | 0.1% | ||
| Q1 24 | 1.1% | 18.6% |
每股收益（稀释后）DOCPRI
| Q4 25 | $0.16 | $6.11 | ||
| Q3 25 | $-0.17 | $6.35 | ||
| Q2 25 | $0.05 | $5.40 | ||
| Q1 25 | $0.06 | $5.05 | ||
| Q4 24 | $0.02 | $4.92 | ||
| Q3 24 | $0.12 | $4.83 | ||
| Q2 24 | $0.21 | $0.03 | ||
| Q1 24 | $0.01 | $3.93 |
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 | $756.2M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $2.4B |
| 总资产 | $20.3B | $15.0B |
| 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DOCPRI
| Q4 25 | $467.5M | $756.2M | ||
| Q3 25 | $91.0M | $644.9M | ||
| Q2 25 | $89.4M | $621.2M | ||
| Q1 25 | $70.6M | $625.1M | ||
| Q4 24 | $119.8M | $687.8M | ||
| Q3 24 | $180.4M | $550.1M | ||
| Q2 24 | $106.9M | $627.3M | ||
| Q1 24 | $101.8M | $593.4M |
总债务DOCPRI
| 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DOCPRI
| Q4 25 | $7.5B | $2.4B | ||
| Q3 25 | $7.6B | $2.3B | ||
| Q2 25 | $7.9B | $2.3B | ||
| Q1 25 | $8.2B | $2.3B | ||
| Q4 24 | $8.4B | $2.3B | ||
| Q3 24 | $8.6B | $1.9B | ||
| Q2 24 | $8.8B | $2.1B | ||
| Q1 24 | $8.9B | $2.2B |
总资产DOCPRI
| Q4 25 | $20.3B | $15.0B | ||
| Q3 25 | $19.6B | $14.8B | ||
| Q2 25 | $19.8B | $14.8B | ||
| Q1 25 | $19.8B | $14.6B | ||
| Q4 24 | $19.9B | $14.6B | ||
| Q3 24 | $20.0B | $14.8B | ||
| Q2 24 | $20.2B | $14.6B | ||
| Q1 24 | $20.5B | $14.9B |
负债/权益比DOCPRI
| 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 | $338.2M |
| 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× | 1.72× |
| 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DOCPRI
| Q4 25 | $1.3B | $338.2M | ||
| Q3 25 | $315.0M | $202.9M | ||
| Q2 25 | $363.5M | $162.6M | ||
| Q1 25 | $279.4M | $197.5M | ||
| Q4 24 | $1.1B | $270.6M | ||
| Q3 24 | $318.2M | $207.3M | ||
| Q2 24 | $316.2M | $173.3M | ||
| Q1 24 | $152.6M | $210.9M |
自由现金流DOCPRI
| 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DOCPRI
| 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DOCPRI
| 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DOCPRI
| Q4 25 | 10.99× | 1.72× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | 11.48× | 0.91× | ||
| Q1 25 | 6.52× | 1.17× | ||
| Q4 24 | 235.43× | 1.62× | ||
| Q3 24 | 3.71× | 1.26× | ||
| Q2 24 | 2.17× | 147.98× | ||
| Q1 24 | 22.85× | 1.53× |
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
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
