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Healthpeak Properties（DOC）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Healthpeak Properties的2.0倍（$1.4B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -22.3%，领先95.5%），罗布乐思同比增速更快（43.2% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% 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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
DOC vs RBLX — 直观对比
营收规模更大
RBLX
是对方的2.0倍
$719.4M
营收增速更快
RBLX
高出40.1%
3.1%
净利率更高
DOC
高出95.5%
-22.3%
自由现金流更多
DOC
多$48.4M
$308.6M
两年增速更快
RBLX
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.4B |
| 净利润 | $114.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 17.4% | -25.3% |
| 净利率 | 73.2% | -22.3% |
| 营收同比 | 3.1% | 43.2% |
| 净利润同比 | 2406.4% | -43.9% |
| 每股收益（稀释后） | $0.16 | $-0.44 |
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DOCRBLX
| Q4 25 | $719.4M | $1.4B | ||
| Q3 25 | $705.9M | $1.4B | ||
| Q2 25 | $694.3M | $1.1B | ||
| Q1 25 | $702.9M | $1.0B | ||
| Q4 24 | $698.0M | $988.2M | ||
| Q3 24 | $700.4M | $919.0M | ||
| Q2 24 | $695.5M | $893.5M | ||
| Q1 24 | $606.6M | $801.3M |
净利润DOCRBLX
| Q4 25 | $114.0M | $-316.0M | ||
| Q3 25 | $-117.1M | $-255.6M | ||
| Q2 25 | $31.7M | $-278.4M | ||
| Q1 25 | $42.8M | $-215.1M | ||
| Q4 24 | $4.5M | $-219.6M | ||
| Q3 24 | $85.9M | $-239.3M | ||
| Q2 24 | $146.0M | $-205.9M | ||
| Q1 24 | $6.7M | $-270.6M |
毛利率DOCRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | 58.6% | 78.2% | ||
| Q2 25 | 60.2% | 78.2% | ||
| Q1 25 | 61.1% | 78.3% | ||
| Q4 24 | 60.3% | 77.9% | ||
| Q3 24 | 60.0% | 77.7% | ||
| Q2 24 | 60.6% | 77.8% | ||
| Q1 24 | 59.8% | 77.7% |
营业利润率DOCRBLX
| Q4 25 | 17.4% | -25.3% | ||
| Q3 25 | 9.2% | -21.8% | ||
| Q2 25 | 5.7% | -29.8% | ||
| Q1 25 | 7.7% | -24.6% | ||
| Q4 24 | -2.2% | -24.7% | ||
| Q3 24 | 14.1% | -30.4% | ||
| Q2 24 | 22.3% | -26.6% | ||
| Q1 24 | 3.7% | -37.7% |
净利率DOCRBLX
| Q4 25 | 73.2% | -22.3% | ||
| Q3 25 | -16.6% | -18.8% | ||
| Q2 25 | 4.6% | -25.8% | ||
| Q1 25 | 6.1% | -20.8% | ||
| Q4 24 | 0.7% | -22.2% | ||
| Q3 24 | 12.3% | -26.0% | ||
| Q2 24 | 21.0% | -23.0% | ||
| Q1 24 | 1.1% | -33.8% |
每股收益（稀释后）DOCRBLX
| Q4 25 | $0.16 | $-0.44 | ||
| Q3 25 | $-0.17 | $-0.37 | ||
| Q2 25 | $0.05 | $-0.41 | ||
| Q1 25 | $0.06 | $-0.32 | ||
| Q4 24 | $0.02 | $-0.32 | ||
| Q3 24 | $0.12 | $-0.37 | ||
| Q2 24 | $0.21 | $-0.32 | ||
| Q1 24 | $0.01 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $9.8B | $1.2B |
| 股东权益账面价值 | $7.5B | $394.5M |
| 总资产 | $20.3B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资DOCRBLX
| Q4 25 | $467.5M | $3.1B | ||
| Q3 25 | $91.0M | $2.9B | ||
| Q2 25 | $89.4M | $2.6B | ||
| Q1 25 | $70.6M | $2.7B | ||
| Q4 24 | $119.8M | $2.4B | ||
| Q3 24 | $180.4M | $2.3B | ||
| Q2 24 | $106.9M | $2.4B | ||
| Q1 24 | $101.8M | $2.4B |
总债务DOCRBLX
| Q4 25 | $9.8B | $1.2B | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $1.2B | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCRBLX
| Q4 25 | $7.5B | $394.5M | ||
| Q3 25 | $7.6B | $407.6M | ||
| Q2 25 | $7.9B | $353.2M | ||
| Q1 25 | $8.2B | $310.7M | ||
| Q4 24 | $8.4B | $221.4M | ||
| Q3 24 | $8.6B | $189.9M | ||
| Q2 24 | $8.8B | $121.5M | ||
| Q1 24 | $8.9B | $71.6M |
总资产DOCRBLX
| Q4 25 | $20.3B | $9.6B | ||
| Q3 25 | $19.6B | $8.6B | ||
| Q2 25 | $19.8B | $7.8B | ||
| Q1 25 | $19.8B | $7.5B | ||
| Q4 24 | $19.9B | $7.2B | ||
| Q3 24 | $20.0B | $6.7B | ||
| Q2 24 | $20.2B | $6.5B | ||
| Q1 24 | $20.5B | $6.3B |
负债/权益比DOCRBLX
| Q4 25 | 1.31× | 2.98× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 5.48× | ||
| 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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 21.8% |
| 资本支出强度资本支出/营收 | 124.4% | 21.1% |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流DOCRBLX
| Q4 25 | $1.3B | $607.0M | ||
| Q3 25 | $315.0M | $546.2M | ||
| Q2 25 | $363.5M | $199.3M | ||
| Q1 25 | $279.4M | $443.9M | ||
| Q4 24 | $1.1B | $184.5M | ||
| Q3 24 | $318.2M | $247.4M | ||
| Q2 24 | $316.2M | $151.4M | ||
| Q1 24 | $152.6M | $238.9M |
自由现金流DOCRBLX
| Q4 25 | $357.0M | $308.6M | ||
| Q3 25 | — | $443.6M | ||
| Q2 25 | — | $176.7M | ||
| Q1 25 | — | $426.5M | ||
| Q4 24 | $333.7M | $120.6M | ||
| Q3 24 | — | $218.0M | ||
| Q2 24 | — | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率DOCRBLX
| Q4 25 | 49.6% | 21.8% | ||
| Q3 25 | — | 32.6% | ||
| Q2 25 | — | 16.3% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | 47.8% | 12.2% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度DOCRBLX
| Q4 25 | 124.4% | 21.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 105.6% | 6.5% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 5.8% |
现金转化率DOCRBLX
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| 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
