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Healthpeak Properties（DOC）与Pure Storage, Inc.（PSTG）财务数据对比。点击上方公司名可切换其他公司
Pure Storage, Inc.的季度营收约是Healthpeak Properties的1.3倍（$964.5M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 5.7%，领先67.5%），Pure Storage, Inc.同比增速更快（16.0% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $52.6M），过去两年Pure Storage, Inc.的营收复合增速更高（10.5% 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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
DOC vs PSTG — 直观对比
营收规模更大
PSTG
是对方的1.3倍
$719.4M
营收增速更快
PSTG
高出13.0%
3.1%
净利率更高
DOC
高出67.5%
5.7%
自由现金流更多
DOC
多$304.4M
$52.6M
两年增速更快
PSTG
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $964.5M |
| 净利润 | $114.0M | $54.8M |
| 毛利率 | — | 72.3% |
| 营业利润率 | 17.4% | 5.6% |
| 净利率 | 73.2% | 5.7% |
| 营收同比 | 3.1% | 16.0% |
| 净利润同比 | 2406.4% | -13.9% |
| 每股收益（稀释后） | $0.16 | $0.16 |
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DOCPSTG
| Q4 25 | $719.4M | $964.5M | ||
| Q3 25 | $705.9M | $861.0M | ||
| Q2 25 | $694.3M | $778.5M | ||
| Q1 25 | $702.9M | $879.8M | ||
| Q4 24 | $698.0M | $831.1M | ||
| Q3 24 | $700.4M | $763.8M | ||
| Q2 24 | $695.5M | $693.5M | ||
| Q1 24 | $606.6M | $789.8M |
净利润DOCPSTG
| Q4 25 | $114.0M | $54.8M | ||
| Q3 25 | $-117.1M | $47.1M | ||
| Q2 25 | $31.7M | $-14.0M | ||
| Q1 25 | $42.8M | $42.4M | ||
| Q4 24 | $4.5M | $63.6M | ||
| Q3 24 | $85.9M | $35.7M | ||
| Q2 24 | $146.0M | $-35.0M | ||
| Q1 24 | $6.7M | $65.4M |
毛利率DOCPSTG
| Q4 25 | — | 72.3% | ||
| Q3 25 | 58.6% | 70.2% | ||
| Q2 25 | 60.2% | 68.9% | ||
| Q1 25 | 61.1% | 67.5% | ||
| Q4 24 | 60.3% | 70.1% | ||
| Q3 24 | 60.0% | 70.7% | ||
| Q2 24 | 60.6% | 71.5% | ||
| Q1 24 | 59.8% | 72.0% |
营业利润率DOCPSTG
| Q4 25 | 17.4% | 5.6% | ||
| Q3 25 | 9.2% | 0.6% | ||
| Q2 25 | 5.7% | -4.0% | ||
| Q1 25 | 7.7% | 4.8% | ||
| Q4 24 | -2.2% | 7.2% | ||
| Q3 24 | 14.1% | 3.3% | ||
| Q2 24 | 22.3% | -6.0% | ||
| Q1 24 | 3.7% | 7.3% |
净利率DOCPSTG
| Q4 25 | 73.2% | 5.7% | ||
| Q3 25 | -16.6% | 5.5% | ||
| Q2 25 | 4.6% | -1.8% | ||
| Q1 25 | 6.1% | 4.8% | ||
| Q4 24 | 0.7% | 7.7% | ||
| Q3 24 | 12.3% | 4.7% | ||
| Q2 24 | 21.0% | -5.0% | ||
| Q1 24 | 1.1% | 8.3% |
每股收益（稀释后）DOCPSTG
| Q4 25 | $0.16 | $0.16 | ||
| Q3 25 | $-0.17 | $0.14 | ||
| Q2 25 | $0.05 | $-0.04 | ||
| Q1 25 | $0.06 | $0.13 | ||
| Q4 24 | $0.02 | $0.19 | ||
| Q3 24 | $0.12 | $0.10 | ||
| Q2 24 | $0.21 | $-0.11 | ||
| Q1 24 | $0.01 | $0.22 |
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 | $852.8M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $1.4B |
| 总资产 | $20.3B | $4.2B |
| 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DOCPSTG
| Q4 25 | $467.5M | $852.8M | ||
| Q3 25 | $91.0M | $887.8M | ||
| Q2 25 | $89.4M | $739.3M | ||
| Q1 25 | $70.6M | $723.6M | ||
| Q4 24 | $119.8M | $894.6M | ||
| Q3 24 | $180.4M | $965.0M | ||
| Q2 24 | $106.9M | $900.6M | ||
| Q1 24 | $101.8M | $702.5M |
总债务DOCPSTG
| 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DOCPSTG
| Q4 25 | $7.5B | $1.4B | ||
| Q3 25 | $7.6B | $1.3B | ||
| Q2 25 | $7.9B | $1.2B | ||
| Q1 25 | $8.2B | $1.3B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.6B | $1.5B | ||
| Q2 24 | $8.8B | $1.4B | ||
| Q1 24 | $8.9B | $1.3B |
总资产DOCPSTG
| Q4 25 | $20.3B | $4.2B | ||
| Q3 25 | $19.6B | $4.0B | ||
| Q2 25 | $19.8B | $3.8B | ||
| Q1 25 | $19.8B | $4.0B | ||
| Q4 24 | $19.9B | $3.9B | ||
| Q3 24 | $20.0B | $3.8B | ||
| Q2 24 | $20.2B | $3.6B | ||
| Q1 24 | $20.5B | $3.7B |
负债/权益比DOCPSTG
| 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 | $116.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $52.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 5.5% |
| 资本支出强度资本支出/营收 | 124.4% | 6.6% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $566.7M |
8季度趋势，按日历期对齐
经营现金流DOCPSTG
| Q4 25 | $1.3B | $116.0M | ||
| Q3 25 | $315.0M | $212.2M | ||
| Q2 25 | $363.5M | $283.9M | ||
| Q1 25 | $279.4M | $208.5M | ||
| Q4 24 | $1.1B | $97.0M | ||
| Q3 24 | $318.2M | $226.6M | ||
| Q2 24 | $316.2M | $221.5M | ||
| Q1 24 | $152.6M | $244.4M |
自由现金流DOCPSTG
| Q4 25 | $357.0M | $52.6M | ||
| Q3 25 | — | $150.1M | ||
| Q2 25 | — | $211.6M | ||
| Q1 25 | — | $152.4M | ||
| Q4 24 | $333.7M | $35.2M | ||
| Q3 24 | — | $166.6M | ||
| Q2 24 | — | $172.7M | ||
| Q1 24 | — | $200.9M |
自由现金流率DOCPSTG
| Q4 25 | 49.6% | 5.5% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | 47.8% | 4.2% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 25.4% |
资本支出强度DOCPSTG
| Q4 25 | 124.4% | 6.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | 105.6% | 7.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 5.5% |
现金转化率DOCPSTG
| Q4 25 | 10.99× | 2.12× | ||
| Q3 25 | — | 4.50× | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | 4.91× | ||
| Q4 24 | 235.43× | 1.52× | ||
| Q3 24 | 3.71× | 6.35× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 3.74× |
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
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
