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Healthpeak Properties（DOC）与RLI CORP（RLI）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RLI CORP的1.5倍（$719.4M vs $465.7M），Healthpeak Properties净利率更高（73.2% vs 19.6%，领先53.6%），RLI CORP同比增速更快（6.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $155.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.3%）
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。
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
DOC vs RLI — 直观对比
营收规模更大
DOC
是对方的1.5倍
$465.7M
营收增速更快
RLI
高出3.0%
3.1%
净利率更高
DOC
高出53.6%
19.6%
自由现金流更多
DOC
多$202.0M
$155.0M
两年增速更快
DOC
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $465.7M |
| 净利润 | $114.0M | $91.2M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 24.4% |
| 净利率 | 73.2% | 19.6% |
| 营收同比 | 3.1% | 6.1% |
| 净利润同比 | 2406.4% | 123.1% |
| 每股收益（稀释后） | $0.16 | $1.00 |
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DOCRLI
| Q4 25 | $719.4M | $465.7M | ||
| Q3 25 | $705.9M | $509.3M | ||
| Q2 25 | $694.3M | $499.8M | ||
| Q1 25 | $702.9M | $407.7M | ||
| Q4 24 | $698.0M | $439.1M | ||
| Q3 24 | $700.4M | $470.0M | ||
| Q2 24 | $695.5M | $416.4M | ||
| Q1 24 | $606.6M | $444.8M |
净利润DOCRLI
| Q4 25 | $114.0M | $91.2M | ||
| Q3 25 | $-117.1M | $124.6M | ||
| Q2 25 | $31.7M | $124.3M | ||
| Q1 25 | $42.8M | $63.2M | ||
| Q4 24 | $4.5M | $40.9M | ||
| Q3 24 | $85.9M | $95.0M | ||
| Q2 24 | $146.0M | $82.0M | ||
| Q1 24 | $6.7M | $127.9M |
毛利率DOCRLI
| Q4 25 | — | — | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 60.2% | — | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 60.6% | — | ||
| Q1 24 | 59.8% | — |
营业利润率DOCRLI
| Q4 25 | 17.4% | 24.4% | ||
| Q3 25 | 9.2% | 30.9% | ||
| Q2 25 | 5.7% | 31.3% | ||
| Q1 25 | 7.7% | 19.3% | ||
| Q4 24 | -2.2% | 10.8% | ||
| Q3 24 | 14.1% | 24.9% | ||
| Q2 24 | 22.3% | 24.8% | ||
| Q1 24 | 3.7% | 36.0% |
净利率DOCRLI
| Q4 25 | 73.2% | 19.6% | ||
| Q3 25 | -16.6% | 24.5% | ||
| Q2 25 | 4.6% | 24.9% | ||
| Q1 25 | 6.1% | 15.5% | ||
| Q4 24 | 0.7% | 9.3% | ||
| Q3 24 | 12.3% | 20.2% | ||
| Q2 24 | 21.0% | 19.7% | ||
| Q1 24 | 1.1% | 28.8% |
每股收益（稀释后）DOCRLI
| Q4 25 | $0.16 | $1.00 | ||
| Q3 25 | $-0.17 | $1.35 | ||
| Q2 25 | $0.05 | $1.34 | ||
| Q1 25 | $0.06 | $0.68 | ||
| Q4 24 | $0.02 | $-2.87 | ||
| Q3 24 | $0.12 | $2.06 | ||
| Q2 24 | $0.21 | $1.78 | ||
| Q1 24 | $0.01 | $2.77 |
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 | — |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $1.8B |
| 总资产 | $20.3B | $6.2B |
| 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DOCRLI
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | — | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | — | ||
| Q1 24 | $101.8M | — |
总债务DOCRLI
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | $100.0M | ||
| Q2 25 | $9.0B | $100.0M | ||
| Q1 25 | $8.9B | $100.0M | ||
| Q4 24 | $8.7B | $100.0M | ||
| Q3 24 | $8.6B | $100.0M | ||
| Q2 24 | $8.6B | $100.0M | ||
| Q1 24 | $8.8B | $100.0M |
股东权益DOCRLI
| Q4 25 | $7.5B | $1.8B | ||
| Q3 25 | $7.6B | $1.9B | ||
| Q2 25 | $7.9B | $1.7B | ||
| Q1 25 | $8.2B | $1.6B | ||
| Q4 24 | $8.4B | $1.5B | ||
| Q3 24 | $8.6B | $1.7B | ||
| Q2 24 | $8.8B | $1.6B | ||
| Q1 24 | $8.9B | $1.5B |
总资产DOCRLI
| Q4 25 | $20.3B | $6.2B | ||
| Q3 25 | $19.6B | $6.2B | ||
| Q2 25 | $19.8B | $6.0B | ||
| Q1 25 | $19.8B | $5.7B | ||
| Q4 24 | $19.9B | $5.6B | ||
| Q3 24 | $20.0B | $5.8B | ||
| Q2 24 | $20.2B | $5.5B | ||
| Q1 24 | $20.5B | $5.3B |
负债/权益比DOCRLI
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | 0.05× | ||
| Q2 25 | 1.14× | 0.06× | ||
| Q1 25 | 1.08× | 0.06× | ||
| Q4 24 | 1.04× | 0.07× | ||
| Q3 24 | 1.00× | 0.06× | ||
| Q2 24 | 0.98× | 0.06× | ||
| Q1 24 | 0.99× | 0.07× |
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 | $156.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $155.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 33.3% |
| 资本支出强度资本支出/营收 | 124.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.72× |
| 过去12个月自由现金流最近4个季度 | — | $608.7M |
8季度趋势，按日历期对齐
经营现金流DOCRLI
| Q4 25 | $1.3B | $156.8M | ||
| Q3 25 | $315.0M | $179.2M | ||
| Q2 25 | $363.5M | $174.7M | ||
| Q1 25 | $279.4M | $103.5M | ||
| Q4 24 | $1.1B | $128.1M | ||
| Q3 24 | $318.2M | $219.4M | ||
| Q2 24 | $316.2M | $141.8M | ||
| Q1 24 | $152.6M | $70.9M |
自由现金流DOCRLI
| Q4 25 | $357.0M | $155.0M | ||
| Q3 25 | — | $177.8M | ||
| Q2 25 | — | $173.4M | ||
| Q1 25 | — | $102.5M | ||
| Q4 24 | $333.7M | $127.6M | ||
| Q3 24 | — | $219.0M | ||
| Q2 24 | — | $139.1M | ||
| Q1 24 | — | $69.9M |
自由现金流率DOCRLI
| Q4 25 | 49.6% | 33.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 25.1% | ||
| Q4 24 | 47.8% | 29.0% | ||
| Q3 24 | — | 46.6% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 15.7% |
资本支出强度DOCRLI
| Q4 25 | 124.4% | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 105.6% | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.2% |
现金转化率DOCRLI
| Q4 25 | 10.99× | 1.72× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 11.48× | 1.41× | ||
| Q1 25 | 6.52× | 1.64× | ||
| Q4 24 | 235.43× | 3.13× | ||
| Q3 24 | 3.71× | 2.31× | ||
| Q2 24 | 2.17× | 1.73× | ||
| Q1 24 | 22.85× | 0.55× |
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
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
