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Healthpeak Properties（DOC）与ROYAL GOLD INC（RGLD）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ROYAL GOLD INC的1.9倍（$719.4M vs $375.3M），Healthpeak Properties净利率更高（73.2% vs 24.9%，领先48.2%），ROYAL GOLD INC同比增速更快（85.3% vs 3.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% 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。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
DOC vs RGLD — 直观对比
营收规模更大
DOC
是对方的1.9倍
$375.3M
营收增速更快
RGLD
高出82.2%
3.1%
净利率更高
DOC
高出48.2%
24.9%
两年增速更快
RGLD
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $375.3M |
| 净利润 | $114.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 17.4% | 56.2% |
| 净利率 | 73.2% | 24.9% |
| 营收同比 | 3.1% | 85.3% |
| 净利润同比 | 2406.4% | -12.8% |
| 每股收益（稀释后） | $0.16 | $1.04 |
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DOCRGLD
| Q4 25 | $719.4M | $375.3M | ||
| Q3 25 | $705.9M | $252.1M | ||
| Q2 25 | $694.3M | $209.6M | ||
| Q1 25 | $702.9M | $193.4M | ||
| Q4 24 | $698.0M | $202.6M | ||
| Q3 24 | $700.4M | $193.8M | ||
| Q2 24 | $695.5M | $174.1M | ||
| Q1 24 | $606.6M | $148.9M |
净利润DOCRGLD
| Q4 25 | $114.0M | $93.6M | ||
| Q3 25 | $-117.1M | $126.8M | ||
| Q2 25 | $31.7M | $132.3M | ||
| Q1 25 | $42.8M | $113.5M | ||
| Q4 24 | $4.5M | $107.4M | ||
| Q3 24 | $85.9M | $96.2M | ||
| Q2 24 | $146.0M | $81.2M | ||
| Q1 24 | $6.7M | $47.2M |
毛利率DOCRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 58.6% | 73.6% | ||
| Q2 25 | 60.2% | 72.6% | ||
| Q1 25 | 61.1% | 69.4% | ||
| Q4 24 | 60.3% | 70.3% | ||
| Q3 24 | 60.0% | 66.6% | ||
| Q2 24 | 60.6% | 64.7% | ||
| Q1 24 | 59.8% | 58.4% |
营业利润率DOCRGLD
| Q4 25 | 17.4% | 56.2% | ||
| Q3 25 | 9.2% | 64.4% | ||
| Q2 25 | 5.7% | 67.7% | ||
| Q1 25 | 7.7% | 63.6% | ||
| Q4 24 | -2.2% | 65.9% | ||
| Q3 24 | 14.1% | 61.3% | ||
| Q2 24 | 22.3% | 58.6% | ||
| Q1 24 | 3.7% | 50.7% |
净利率DOCRGLD
| Q4 25 | 73.2% | 24.9% | ||
| Q3 25 | -16.6% | 50.3% | ||
| Q2 25 | 4.6% | 63.1% | ||
| Q1 25 | 6.1% | 58.7% | ||
| Q4 24 | 0.7% | 53.0% | ||
| Q3 24 | 12.3% | 49.7% | ||
| Q2 24 | 21.0% | 46.6% | ||
| Q1 24 | 1.1% | 31.7% |
每股收益（稀释后）DOCRGLD
| Q4 25 | $0.16 | $1.04 | ||
| Q3 25 | $-0.17 | $1.92 | ||
| Q2 25 | $0.05 | $2.01 | ||
| Q1 25 | $0.06 | $1.72 | ||
| Q4 24 | $0.02 | $1.63 | ||
| Q3 24 | $0.12 | $1.46 | ||
| Q2 24 | $0.21 | $1.23 | ||
| Q1 24 | $0.01 | $0.72 |
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 | $233.7M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $7.2B |
| 总资产 | $20.3B | $9.5B |
| 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DOCRGLD
| Q4 25 | $467.5M | $233.7M | ||
| Q3 25 | $91.0M | $172.8M | ||
| Q2 25 | $89.4M | $248.2M | ||
| Q1 25 | $70.6M | $240.8M | ||
| Q4 24 | $119.8M | $195.5M | ||
| Q3 24 | $180.4M | $127.9M | ||
| Q2 24 | $106.9M | $74.2M | ||
| Q1 24 | $101.8M | $137.9M |
总债务DOCRGLD
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | $0 | ||
| Q2 24 | $8.6B | $50.0M | ||
| Q1 24 | $8.8B | — |
股东权益DOCRGLD
| Q4 25 | $7.5B | $7.2B | ||
| Q3 25 | $7.6B | $3.4B | ||
| Q2 25 | $7.9B | $3.3B | ||
| Q1 25 | $8.2B | $3.2B | ||
| Q4 24 | $8.4B | $3.1B | ||
| Q3 24 | $8.6B | $3.0B | ||
| Q2 24 | $8.8B | $3.0B | ||
| Q1 24 | $8.9B | $2.9B |
总资产DOCRGLD
| Q4 25 | $20.3B | $9.5B | ||
| Q3 25 | $19.6B | $4.5B | ||
| Q2 25 | $19.8B | $3.6B | ||
| Q1 25 | $19.8B | $3.5B | ||
| Q4 24 | $19.9B | $3.4B | ||
| Q3 24 | $20.0B | $3.3B | ||
| Q2 24 | $20.2B | $3.3B | ||
| Q1 24 | $20.5B | $3.3B |
负债/权益比DOCRGLD
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | 0.00× | ||
| Q2 24 | 0.98× | 0.02× | ||
| 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 | $241.7M |
| 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× | 2.58× |
| 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DOCRGLD
| Q4 25 | $1.3B | $241.7M | ||
| Q3 25 | $315.0M | $174.0M | ||
| Q2 25 | $363.5M | $152.8M | ||
| Q1 25 | $279.4M | $136.4M | ||
| Q4 24 | $1.1B | $141.1M | ||
| Q3 24 | $318.2M | $136.7M | ||
| Q2 24 | $316.2M | $113.5M | ||
| Q1 24 | $152.6M | $138.3M |
自由现金流DOCRGLD
| 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DOCRGLD
| 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DOCRGLD
| 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DOCRGLD
| Q4 25 | 10.99× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 11.48× | 1.15× | ||
| Q1 25 | 6.52× | 1.20× | ||
| Q4 24 | 235.43× | 1.31× | ||
| Q3 24 | 3.71× | 1.42× | ||
| Q2 24 | 2.17× | 1.40× | ||
| Q1 24 | 22.85× | 2.93× |
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
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
