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Healthpeak Properties（DOC）与永利度假村有限公司（RRR）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是永利度假村有限公司的1.4倍（$719.4M vs $507.3M），Healthpeak Properties净利率更高（73.2% vs 16.3%，领先56.9%），Healthpeak Properties同比增速更快（3.1% vs 1.9%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.1%）
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。
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
DOC vs RRR — 直观对比
营收规模更大
DOC
是对方的1.4倍
$507.3M
营收增速更快
DOC
高出1.2%
1.9%
净利率更高
DOC
高出56.9%
16.3%
两年增速更快
DOC
近两年复合增速
2.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $507.3M |
| 净利润 | $114.0M | $82.7M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 28.3% |
| 净利率 | 73.2% | 16.3% |
| 营收同比 | 3.1% | 1.9% |
| 净利润同比 | 2406.4% | -3.8% |
| 每股收益（稀释后） | $0.16 | $0.73 |
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DOCRRR
| Q1 26 | — | $507.3M | ||
| Q4 25 | $719.4M | $511.8M | ||
| Q3 25 | $705.9M | $475.6M | ||
| Q2 25 | $694.3M | $526.3M | ||
| Q1 25 | $702.9M | $497.9M | ||
| Q4 24 | $698.0M | $495.7M | ||
| Q3 24 | $700.4M | $468.0M | ||
| Q2 24 | $695.5M | $486.4M |
净利润DOCRRR
| Q1 26 | — | $82.7M | ||
| Q4 25 | $114.0M | $44.7M | ||
| Q3 25 | $-117.1M | $42.3M | ||
| Q2 25 | $31.7M | $56.4M | ||
| Q1 25 | $42.8M | $44.7M | ||
| Q4 24 | $4.5M | $46.6M | ||
| Q3 24 | $85.9M | $29.0M | ||
| Q2 24 | $146.0M | $35.7M |
毛利率DOCRRR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率DOCRRR
| Q1 26 | — | 28.3% | ||
| Q4 25 | 17.4% | 28.1% | ||
| Q3 25 | 9.2% | 27.6% | ||
| Q2 25 | 5.7% | 31.9% | ||
| Q1 25 | 7.7% | 31.0% | ||
| Q4 24 | -2.2% | 28.7% | ||
| Q3 24 | 14.1% | 27.9% | ||
| Q2 24 | 22.3% | 28.8% |
净利率DOCRRR
| Q1 26 | — | 16.3% | ||
| Q4 25 | 73.2% | 8.7% | ||
| Q3 25 | -16.6% | 8.9% | ||
| Q2 25 | 4.6% | 10.7% | ||
| Q1 25 | 6.1% | 9.0% | ||
| Q4 24 | 0.7% | 9.4% | ||
| Q3 24 | 12.3% | 6.2% | ||
| Q2 24 | 21.0% | 7.3% |
每股收益（稀释后）DOCRRR
| Q1 26 | — | $0.73 | ||
| Q4 25 | $0.16 | $0.74 | ||
| Q3 25 | $-0.17 | $0.68 | ||
| Q2 25 | $0.05 | $0.95 | ||
| Q1 25 | $0.06 | $0.75 | ||
| Q4 24 | $0.02 | $0.78 | ||
| Q3 24 | $0.12 | $0.48 | ||
| Q2 24 | $0.21 | $0.59 |
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 | — |
| 总资产 | $20.3B | — |
| 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DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $467.5M | $142.5M | ||
| Q3 25 | $91.0M | $129.8M | ||
| Q2 25 | $89.4M | $145.2M | ||
| Q1 25 | $70.6M | $150.6M | ||
| Q4 24 | $119.8M | $164.4M | ||
| Q3 24 | $180.4M | $117.5M | ||
| Q2 24 | $106.9M | $136.4M |
总债务DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $3.4B | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $3.4B | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — |
股东权益DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $208.3M | ||
| Q3 25 | $7.6B | $219.6M | ||
| Q2 25 | $7.9B | $203.4M | ||
| Q1 25 | $8.2B | $247.1M | ||
| Q4 24 | $8.4B | $215.1M | ||
| Q3 24 | $8.6B | $175.5M | ||
| Q2 24 | $8.8B | $159.0M |
总资产DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $4.2B | ||
| Q3 25 | $19.6B | $4.1B | ||
| Q2 25 | $19.8B | $4.0B | ||
| Q1 25 | $19.8B | $4.1B | ||
| Q4 24 | $19.9B | $4.0B | ||
| Q3 24 | $20.0B | $4.0B | ||
| Q2 24 | $20.2B | $4.0B |
负债/权益比DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 16.30× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 15.84× | ||
| 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 | — |
| 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× | — |
| 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DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $156.6M | ||
| Q3 25 | $315.0M | $168.3M | ||
| Q2 25 | $363.5M | $158.4M | ||
| Q1 25 | $279.4M | $126.2M | ||
| Q4 24 | $1.1B | $148.2M | ||
| Q3 24 | $318.2M | $131.0M | ||
| Q2 24 | $316.2M | $142.5M |
自由现金流DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $77.7M | ||
| Q3 25 | — | $74.6M | ||
| Q2 25 | — | $80.3M | ||
| Q1 25 | — | $58.0M | ||
| Q4 24 | $333.7M | $121.4M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $64.0M |
自由现金流率DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 15.2% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | 47.8% | 24.5% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.1% |
资本支出强度DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 15.4% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | 105.6% | 5.4% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 16.2% |
现金转化率DOCRRR
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 3.51× | ||
| Q3 25 | — | 3.98× | ||
| Q2 25 | 11.48× | 2.81× | ||
| Q1 25 | 6.52× | 2.82× | ||
| Q4 24 | 235.43× | 3.18× | ||
| Q3 24 | 3.71× | 4.53× | ||
| Q2 24 | 2.17× | 4.00× |
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
RRR
| Casino | $340.5M | 67% |
| Food and beverage | $90.3M | 18% |
| Room | $45.5M | 9% |
| Other | $26.2M | 5% |
| Native American management and development fees | $4.7M | 1% |
