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Healthpeak Properties（DOC）与Qorvo, Inc.（QRVO）财务数据对比。点击上方公司名可切换其他公司
Qorvo, Inc.的季度营收约是Healthpeak Properties的1.4倍（$993.0M vs $702.9M），Healthpeak Properties净利率更高（51.6% vs 16.5%，领先35.1%），Qorvo, Inc.同比增速更快（8.4% vs -6.6%），过去两年Qorvo, Inc.的营收复合增速更高（2.7% vs 0.5%）
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。
Qorvo是一家美国跨国企业，专注于无线、有线及电源市场相关产品的研发与供应。该公司由TriQuint半导体与RF Micro Devices合并而来，合并计划于2014年公布，2015年1月1日正式完成，在纳斯达克挂牌上市，股票代码QRVO，原实行双总部制，2016年中起将北卡罗来纳州基地作为总部所在地。
DOC vs QRVO — 直观对比
营收规模更大
QRVO
是对方的1.4倍
$702.9M
营收增速更快
QRVO
高出15.0%
-6.6%
净利率更高
DOC
高出35.1%
16.5%
两年增速更快
QRVO
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $993.0M |
| 净利润 | $363.0M | $164.1M |
| 毛利率 | — | 46.7% |
| 营业利润率 | 0.7% | 19.4% |
| 净利率 | 51.6% | 16.5% |
| 营收同比 | -6.6% | 8.4% |
| 净利润同比 | 28.3% | 297.5% |
| 每股收益（稀释后） | $0.28 | $1.75 |
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DOCQRVO
| Q1 26 | $702.9M | — | ||
| Q4 25 | $719.4M | $993.0M | ||
| Q3 25 | $705.9M | $1.1B | ||
| Q2 25 | $694.3M | $818.8M | ||
| Q1 25 | $702.9M | $869.5M | ||
| Q4 24 | $698.0M | $916.3M | ||
| Q3 24 | $700.4M | $1.0B | ||
| Q2 24 | $695.5M | $886.7M |
净利润DOCQRVO
| Q1 26 | $363.0M | — | ||
| Q4 25 | $114.0M | $164.1M | ||
| Q3 25 | $-117.1M | $119.6M | ||
| Q2 25 | $31.7M | $25.6M | ||
| Q1 25 | $42.8M | $31.4M | ||
| Q4 24 | $4.5M | $41.3M | ||
| Q3 24 | $85.9M | $-17.4M | ||
| Q2 24 | $146.0M | $414.0K |
毛利率DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | — | 46.7% | ||
| Q3 25 | 58.6% | 47.0% | ||
| Q2 25 | 60.2% | 40.5% | ||
| Q1 25 | 61.1% | 42.2% | ||
| Q4 24 | 60.3% | 42.7% | ||
| Q3 24 | 60.0% | 42.6% | ||
| Q2 24 | 60.6% | 37.5% |
营业利润率DOCQRVO
| Q1 26 | 0.7% | — | ||
| Q4 25 | 17.4% | 19.4% | ||
| Q3 25 | 9.2% | 14.9% | ||
| Q2 25 | 5.7% | 3.7% | ||
| Q1 25 | 7.7% | 3.2% | ||
| Q4 24 | -2.2% | 5.8% | ||
| Q3 24 | 14.1% | 0.9% | ||
| Q2 24 | 22.3% | 0.5% |
净利率DOCQRVO
| Q1 26 | 51.6% | — | ||
| Q4 25 | 73.2% | 16.5% | ||
| Q3 25 | -16.6% | 11.3% | ||
| Q2 25 | 4.6% | 3.1% | ||
| Q1 25 | 6.1% | 3.6% | ||
| Q4 24 | 0.7% | 4.5% | ||
| Q3 24 | 12.3% | -1.7% | ||
| Q2 24 | 21.0% | 0.0% |
每股收益（稀释后）DOCQRVO
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.16 | $1.75 | ||
| Q3 25 | $-0.17 | $1.28 | ||
| Q2 25 | $0.05 | $0.27 | ||
| Q1 25 | $0.06 | $0.33 | ||
| Q4 24 | $0.02 | $0.43 | ||
| Q3 24 | $0.12 | $-0.18 | ||
| Q2 24 | $0.21 | $0.00 |
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 | $-1.2B | $1.3B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $7.8B | $3.7B |
| 总资产 | $21.6B | $6.2B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DOCQRVO
| Q1 26 | $-1.2B | — | ||
| Q4 25 | $467.5M | $1.3B | ||
| Q3 25 | $91.0M | $1.1B | ||
| Q2 25 | $89.4M | $1.2B | ||
| Q1 25 | $70.6M | $1.0B | ||
| Q4 24 | $119.8M | $769.4M | ||
| Q3 24 | $180.4M | $1.1B | ||
| Q2 24 | $106.9M | $1.1B |
总债务DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $1.5B | ||
| Q3 25 | $9.1B | $1.5B | ||
| Q2 25 | $9.0B | $1.5B | ||
| Q1 25 | $8.9B | $1.5B | ||
| Q4 24 | $8.7B | $1.5B | ||
| Q3 24 | $8.6B | $1.5B | ||
| Q2 24 | $8.6B | $1.5B |
股东权益DOCQRVO
| Q1 26 | $7.8B | — | ||
| Q4 25 | $7.5B | $3.7B | ||
| Q3 25 | $7.6B | $3.5B | ||
| Q2 25 | $7.9B | $3.4B | ||
| Q1 25 | $8.2B | $3.4B | ||
| Q4 24 | $8.4B | $3.4B | ||
| Q3 24 | $8.6B | $3.4B | ||
| Q2 24 | $8.8B | $3.5B |
总资产DOCQRVO
| Q1 26 | $21.6B | — | ||
| Q4 25 | $20.3B | $6.2B | ||
| Q3 25 | $19.6B | $6.1B | ||
| Q2 25 | $19.8B | $6.0B | ||
| Q1 25 | $19.8B | $5.9B | ||
| Q4 24 | $19.9B | $6.0B | ||
| Q3 24 | $20.0B | $6.5B | ||
| Q2 24 | $20.2B | $6.4B |
负债/权益比DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.42× | ||
| Q3 25 | 1.20× | 0.44× | ||
| Q2 25 | 1.14× | 0.45× | ||
| Q1 25 | 1.08× | 0.46× | ||
| Q4 24 | 1.04× | 0.46× | ||
| Q3 24 | 1.00× | 0.45× | ||
| Q2 24 | 0.98× | 0.44× |
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 | — | $265.4M |
| 自由现金流经营现金流 - 资本支出 | — | $236.9M |
| 自由现金流率自由现金流/营收 | — | 23.9% |
| 资本支出强度资本支出/营收 | 3.4% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $595.2M |
8季度趋势，按日历期对齐
经营现金流DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $265.4M | ||
| Q3 25 | $315.0M | $84.0M | ||
| Q2 25 | $363.5M | $182.9M | ||
| Q1 25 | $279.4M | $199.2M | ||
| Q4 24 | $1.1B | $214.1M | ||
| Q3 24 | $318.2M | $127.8M | ||
| Q2 24 | $316.2M | $81.1M |
自由现金流DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $236.9M | ||
| Q3 25 | — | $42.2M | ||
| Q2 25 | — | $145.4M | ||
| Q1 25 | — | $170.7M | ||
| Q4 24 | $333.7M | $176.2M | ||
| Q3 24 | — | $94.8M | ||
| Q2 24 | — | $42.9M |
自由现金流率DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 23.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 19.6% | ||
| Q4 24 | 47.8% | 19.2% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 4.8% |
资本支出强度DOCQRVO
| Q1 26 | 3.4% | — | ||
| Q4 25 | 124.4% | 2.9% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 105.6% | 4.1% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.3% |
现金转化率DOCQRVO
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 1.62× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | 11.48× | 7.15× | ||
| Q1 25 | 6.52× | 6.35× | ||
| Q4 24 | 235.43× | 5.19× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | 195.86× |
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
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
QRVO
| ACG | $690.8M | 70% |
| HPA | $190.9M | 19% |
| CSG | $111.3M | 11% |
