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Healthpeak Properties（DOC）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Healthpeak Properties的1.4倍（$1.0B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 2.4%，领先70.8%），越洋钻探同比增速更快（9.6% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $321.0M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
DOC vs RIG — 直观对比
营收规模更大
RIG
是对方的1.4倍
$719.4M
营收增速更快
RIG
高出6.5%
3.1%
净利率更高
DOC
高出70.8%
2.4%
自由现金流更多
DOC
多$36.0M
$321.0M
两年增速更快
RIG
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.0B |
| 净利润 | $114.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 17.4% | 23.0% |
| 净利率 | 73.2% | 2.4% |
| 营收同比 | 3.1% | 9.6% |
| 净利润同比 | 2406.4% | 257.1% |
| 每股收益（稀释后） | $0.16 | $0.13 |
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DOCRIG
| Q4 25 | $719.4M | $1.0B | ||
| Q3 25 | $705.9M | $1.0B | ||
| Q2 25 | $694.3M | $988.0M | ||
| Q1 25 | $702.9M | $906.0M | ||
| Q4 24 | $698.0M | $952.0M | ||
| Q3 24 | $700.4M | $948.0M | ||
| Q2 24 | $695.5M | $861.0M | ||
| Q1 24 | $606.6M | $763.0M |
净利润DOCRIG
| Q4 25 | $114.0M | $25.0M | ||
| Q3 25 | $-117.1M | $-1.9B | ||
| Q2 25 | $31.7M | $-938.0M | ||
| Q1 25 | $42.8M | $-79.0M | ||
| Q4 24 | $4.5M | $7.0M | ||
| Q3 24 | $85.9M | $-494.0M | ||
| Q2 24 | $146.0M | $-123.0M | ||
| Q1 24 | $6.7M | $98.0M |
毛利率DOCRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | 58.6% | 43.2% | ||
| Q2 25 | 60.2% | 39.4% | ||
| Q1 25 | 61.1% | 31.8% | ||
| Q4 24 | 60.3% | 39.2% | ||
| Q3 24 | 60.0% | 40.6% | ||
| Q2 24 | 60.6% | 38.0% | ||
| Q1 24 | 59.8% | 31.5% |
营业利润率DOCRIG
| Q4 25 | 17.4% | 23.0% | ||
| Q3 25 | 9.2% | -163.1% | ||
| Q2 25 | 5.7% | -97.6% | ||
| Q1 25 | 7.7% | 7.1% | ||
| Q4 24 | -2.2% | 13.7% | ||
| Q3 24 | 14.1% | -51.2% | ||
| Q2 24 | 22.3% | -6.9% | ||
| Q1 24 | 3.7% | -0.4% |
净利率DOCRIG
| Q4 25 | 73.2% | 2.4% | ||
| Q3 25 | -16.6% | -187.1% | ||
| Q2 25 | 4.6% | -94.9% | ||
| Q1 25 | 6.1% | -8.7% | ||
| Q4 24 | 0.7% | 0.7% | ||
| Q3 24 | 12.3% | -52.1% | ||
| Q2 24 | 21.0% | -14.3% | ||
| Q1 24 | 1.1% | 12.8% |
每股收益（稀释后）DOCRIG
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | $-0.17 | $-2.00 | ||
| Q2 25 | $0.05 | $-1.06 | ||
| Q1 25 | $0.06 | $-0.11 | ||
| Q4 24 | $0.02 | $-0.14 | ||
| Q3 24 | $0.12 | $-0.58 | ||
| Q2 24 | $0.21 | $-0.15 | ||
| Q1 24 | $0.01 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $9.8B | $5.2B |
| 股东权益账面价值 | $7.5B | $8.1B |
| 总资产 | $20.3B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资DOCRIG
| Q4 25 | $467.5M | $620.0M | ||
| Q3 25 | $91.0M | $833.0M | ||
| Q2 25 | $89.4M | $377.0M | ||
| Q1 25 | $70.6M | $263.0M | ||
| Q4 24 | $119.8M | $560.0M | ||
| Q3 24 | $180.4M | $435.0M | ||
| Q2 24 | $106.9M | $475.0M | ||
| Q1 24 | $101.8M | $446.0M |
总债务DOCRIG
| Q4 25 | $9.8B | $5.2B | ||
| Q3 25 | $9.1B | $4.8B | ||
| Q2 25 | $9.0B | $5.9B | ||
| Q1 25 | $8.9B | $5.9B | ||
| Q4 24 | $8.7B | $6.2B | ||
| Q3 24 | $8.6B | $6.5B | ||
| Q2 24 | $8.6B | $6.8B | ||
| Q1 24 | $8.8B | $6.8B |
股东权益DOCRIG
| Q4 25 | $7.5B | $8.1B | ||
| Q3 25 | $7.6B | $8.1B | ||
| Q2 25 | $7.9B | $9.4B | ||
| Q1 25 | $8.2B | $10.2B | ||
| Q4 24 | $8.4B | $10.3B | ||
| Q3 24 | $8.6B | $10.2B | ||
| Q2 24 | $8.8B | $10.7B | ||
| Q1 24 | $8.9B | $10.5B |
总资产DOCRIG
| Q4 25 | $20.3B | $15.6B | ||
| Q3 25 | $19.6B | $16.2B | ||
| Q2 25 | $19.8B | $17.8B | ||
| Q1 25 | $19.8B | $19.0B | ||
| Q4 24 | $19.9B | $19.4B | ||
| Q3 24 | $20.0B | $19.5B | ||
| Q2 24 | $20.2B | $20.3B | ||
| Q1 24 | $20.5B | $19.9B |
负债/权益比DOCRIG
| Q4 25 | 1.31× | 0.64× | ||
| Q3 25 | 1.20× | 0.60× | ||
| Q2 25 | 1.14× | 0.63× | ||
| Q1 25 | 1.08× | 0.58× | ||
| Q4 24 | 1.04× | 0.60× | ||
| Q3 24 | 1.00× | 0.64× | ||
| Q2 24 | 0.98× | 0.63× | ||
| Q1 24 | 0.99× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 30.8% |
| 资本支出强度资本支出/营收 | 124.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 10.99× | 13.96× |
| 过去12个月自由现金流最近4个季度 | — | $626.0M |
8季度趋势，按日历期对齐
经营现金流DOCRIG
| Q4 25 | $1.3B | $349.0M | ||
| Q3 25 | $315.0M | $246.0M | ||
| Q2 25 | $363.5M | $128.0M | ||
| Q1 25 | $279.4M | $26.0M | ||
| Q4 24 | $1.1B | $206.0M | ||
| Q3 24 | $318.2M | $194.0M | ||
| Q2 24 | $316.2M | $133.0M | ||
| Q1 24 | $152.6M | $-86.0M |
自由现金流DOCRIG
| Q4 25 | $357.0M | $321.0M | ||
| Q3 25 | — | $235.0M | ||
| Q2 25 | — | $104.0M | ||
| Q1 25 | — | $-34.0M | ||
| Q4 24 | $333.7M | $177.0M | ||
| Q3 24 | — | $136.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率DOCRIG
| Q4 25 | 49.6% | 30.8% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | -3.8% | ||
| Q4 24 | 47.8% | 18.6% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度DOCRIG
| Q4 25 | 124.4% | 2.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | 105.6% | 3.0% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | 9.8% | ||
| Q1 24 | — | 10.9% |
现金转化率DOCRIG
| Q4 25 | 10.99× | 13.96× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 29.43× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | -0.88× |
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
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
