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Healthpeak Properties（DOC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是Reddit, Inc.的1.1倍（$719.4M vs $663.0M），Healthpeak Properties净利率更高（73.2% vs 30.8%，领先42.4%），Reddit, Inc.同比增速更快（69.0% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $311.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
DOC vs RDDT — 直观对比
营收规模更大
DOC
是对方的1.1倍
$663.0M
营收增速更快
RDDT
高出65.9%
3.1%
净利率更高
DOC
高出42.4%
30.8%
自由现金流更多
DOC
多$46.0M
$311.0M
两年增速更快
RDDT
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $663.0M |
| 净利润 | $114.0M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 17.4% | 0.0% |
| 净利率 | 73.2% | 30.8% |
| 营收同比 | 3.1% | 69.0% |
| 净利润同比 | 2406.4% | 680.0% |
| 每股收益（稀释后） | $0.16 | $1.01 |
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DOCRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $719.4M | $725.6M | ||
| Q3 25 | $705.9M | $584.9M | ||
| Q2 25 | $694.3M | $499.6M | ||
| Q1 25 | $702.9M | $392.4M | ||
| Q4 24 | $698.0M | $427.7M | ||
| Q3 24 | $700.4M | $348.4M | ||
| Q2 24 | $695.5M | $281.2M |
净利润DOCRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $114.0M | $251.6M | ||
| Q3 25 | $-117.1M | $162.7M | ||
| Q2 25 | $31.7M | $89.3M | ||
| Q1 25 | $42.8M | $26.2M | ||
| Q4 24 | $4.5M | $71.0M | ||
| Q3 24 | $85.9M | $29.9M | ||
| Q2 24 | $146.0M | $-10.1M |
毛利率DOCRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | 58.6% | 91.0% | ||
| Q2 25 | 60.2% | 90.8% | ||
| Q1 25 | 61.1% | 90.5% | ||
| Q4 24 | 60.3% | 92.6% | ||
| Q3 24 | 60.0% | 90.1% | ||
| Q2 24 | 60.6% | 89.5% |
营业利润率DOCRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 17.4% | 31.9% | ||
| Q3 25 | 9.2% | 23.7% | ||
| Q2 25 | 5.7% | 13.6% | ||
| Q1 25 | 7.7% | 1.0% | ||
| Q4 24 | -2.2% | 12.4% | ||
| Q3 24 | 14.1% | 2.0% | ||
| Q2 24 | 22.3% | -11.0% |
净利率DOCRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 73.2% | 34.7% | ||
| Q3 25 | -16.6% | 27.8% | ||
| Q2 25 | 4.6% | 17.9% | ||
| Q1 25 | 6.1% | 6.7% | ||
| Q4 24 | 0.7% | 16.6% | ||
| Q3 24 | 12.3% | 8.6% | ||
| Q2 24 | 21.0% | -3.6% |
每股收益（稀释后）DOCRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $0.16 | $1.24 | ||
| Q3 25 | $-0.17 | $0.80 | ||
| Q2 25 | $0.05 | $0.45 | ||
| Q1 25 | $0.06 | $0.13 | ||
| Q4 24 | $0.02 | $4.76 | ||
| Q3 24 | $0.12 | $0.16 | ||
| Q2 24 | $0.21 | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $3.2B |
| 总资产 | $20.3B | $3.5B |
| 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DOCRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $467.5M | $953.6M | ||
| Q3 25 | $91.0M | $911.7M | ||
| Q2 25 | $89.4M | $734.1M | ||
| Q1 25 | $70.6M | $635.7M | ||
| Q4 24 | $119.8M | $562.1M | ||
| Q3 24 | $180.4M | $515.9M | ||
| Q2 24 | $106.9M | $468.0M |
总债务DOCRDDT
| Q1 26 | — | — | ||
| 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 | — |
股东权益DOCRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $7.5B | $2.9B | ||
| Q3 25 | $7.6B | $2.6B | ||
| Q2 25 | $7.9B | $2.4B | ||
| Q1 25 | $8.2B | $2.2B | ||
| Q4 24 | $8.4B | $2.1B | ||
| Q3 24 | $8.6B | $2.0B | ||
| Q2 24 | $8.8B | $1.9B |
总资产DOCRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $20.3B | $3.2B | ||
| Q3 25 | $19.6B | $2.9B | ||
| Q2 25 | $19.8B | $2.6B | ||
| Q1 25 | $19.8B | $2.4B | ||
| Q4 24 | $19.9B | $2.3B | ||
| Q3 24 | $20.0B | $2.2B | ||
| Q2 24 | $20.2B | $2.1B |
负债/权益比DOCRDDT
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $311.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 46.9% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | — | $868.6M |
8季度趋势，按日历期对齐
经营现金流DOCRDDT
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $266.8M | ||
| Q3 25 | $315.0M | $185.2M | ||
| Q2 25 | $363.5M | $111.3M | ||
| Q1 25 | $279.4M | $127.6M | ||
| Q4 24 | $1.1B | $90.0M | ||
| Q3 24 | $318.2M | $71.6M | ||
| Q2 24 | $316.2M | $28.4M |
自由现金流DOCRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $357.0M | $263.6M | ||
| Q3 25 | — | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | $333.7M | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M |
自由现金流率DOCRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 49.6% | 36.3% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | 47.8% | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% |
资本支出强度DOCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 105.6% | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率DOCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 11.48× | 1.25× | ||
| Q1 25 | 6.52× | 4.88× | ||
| Q4 24 | 235.43× | 1.27× | ||
| Q3 24 | 3.71× | 2.40× | ||
| Q2 24 | 2.17× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
