vs
Healthpeak Properties（DOC）与Sinclair, Inc.（SBGI）财务数据对比。点击上方公司名可切换其他公司
Sinclair, Inc.的季度营收约是Healthpeak Properties的1.1倍（$807.0M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 2.5%，领先70.7%），Sinclair, Inc.同比增速更快（4.0% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -1.3%）
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。
辛克莱公司（以辛克莱广播集团开展业务）是一家上市的美国电信综合企业，由创始人朱利安·辛克莱·史密斯的后代控股。公司总部位于马里兰州巴尔的摩郊县科基斯维尔，按电视台数量计算是美国第二大电视台运营商，仅次于奈克斯达媒体集团，在全国100多个市场拥有或运营193家电视台，覆盖美国40%的区域。
DOC vs SBGI — 直观对比
营收规模更大
SBGI
是对方的1.1倍
$719.4M
营收增速更快
SBGI
高出0.9%
3.1%
净利率更高
DOC
高出70.7%
2.5%
两年增速更快
DOC
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $807.0M |
| 净利润 | $114.0M | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 0.0% |
| 净利率 | 73.2% | 2.5% |
| 营收同比 | 3.1% | 4.0% |
| 净利润同比 | 2406.4% | — |
| 每股收益（稀释后） | $0.16 | $0.28 |
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DOCSBGI
| Q1 26 | — | $807.0M | ||
| Q4 25 | $719.4M | $836.0M | ||
| Q3 25 | $705.9M | $773.0M | ||
| Q2 25 | $694.3M | $784.0M | ||
| Q1 25 | $702.9M | $776.0M | ||
| Q4 24 | $698.0M | $1.0B | ||
| Q3 24 | $700.4M | $917.0M | ||
| Q2 24 | $695.5M | $829.0M |
净利润DOCSBGI
| Q1 26 | — | $20.0M | ||
| Q4 25 | $114.0M | $109.0M | ||
| Q3 25 | $-117.1M | $-1.0M | ||
| Q2 25 | $31.7M | $-64.0M | ||
| Q1 25 | $42.8M | $-156.0M | ||
| Q4 24 | $4.5M | $176.0M | ||
| Q3 24 | $85.9M | $94.0M | ||
| Q2 24 | $146.0M | $17.0M |
毛利率DOCSBGI
| 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DOCSBGI
| Q1 26 | — | 0.0% | ||
| Q4 25 | 17.4% | 9.6% | ||
| Q3 25 | 9.2% | 7.5% | ||
| Q2 25 | 5.7% | 2.7% | ||
| Q1 25 | 7.7% | 1.8% | ||
| Q4 24 | -2.2% | 26.5% | ||
| Q3 24 | 14.1% | 19.5% | ||
| Q2 24 | 22.3% | 7.7% |
净利率DOCSBGI
| Q1 26 | — | 2.5% | ||
| Q4 25 | 73.2% | 13.0% | ||
| Q3 25 | -16.6% | -0.1% | ||
| Q2 25 | 4.6% | -8.2% | ||
| Q1 25 | 6.1% | -20.1% | ||
| Q4 24 | 0.7% | 17.5% | ||
| Q3 24 | 12.3% | 10.3% | ||
| Q2 24 | 21.0% | 2.1% |
每股收益（稀释后）DOCSBGI
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.16 | $1.62 | ||
| Q3 25 | $-0.17 | $-0.02 | ||
| Q2 25 | $0.05 | $-0.91 | ||
| Q1 25 | $0.06 | $-2.30 | ||
| Q4 24 | $0.02 | $2.64 | ||
| Q3 24 | $0.12 | $1.43 | ||
| Q2 24 | $0.21 | $0.27 |
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DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $467.5M | $866.0M | ||
| Q3 25 | $91.0M | $526.0M | ||
| Q2 25 | $89.4M | $616.0M | ||
| Q1 25 | $70.6M | $631.0M | ||
| Q4 24 | $119.8M | $697.0M | ||
| Q3 24 | $180.4M | $536.0M | ||
| Q2 24 | $106.9M | $378.0M |
总债务DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $4.4B | ||
| Q3 25 | $9.1B | $4.1B | ||
| Q2 25 | $9.0B | $4.1B | ||
| Q1 25 | $8.9B | $4.2B | ||
| Q4 24 | $8.7B | $4.1B | ||
| Q3 24 | $8.6B | $4.1B | ||
| Q2 24 | $8.6B | $4.1B |
股东权益DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $443.0M | ||
| Q3 25 | $7.6B | $347.0M | ||
| Q2 25 | $7.9B | $361.0M | ||
| Q1 25 | $8.2B | $436.0M | ||
| Q4 24 | $8.4B | $583.0M | ||
| Q3 24 | $8.6B | $415.0M | ||
| Q2 24 | $8.8B | $340.0M |
总资产DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $5.9B | ||
| Q3 25 | $19.6B | $5.6B | ||
| Q2 25 | $19.8B | $5.7B | ||
| Q1 25 | $19.8B | $5.8B | ||
| Q4 24 | $19.9B | $5.9B | ||
| Q3 24 | $20.0B | $5.8B | ||
| Q2 24 | $20.2B | $5.7B |
负债/权益比DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 9.84× | ||
| Q3 25 | 1.20× | 11.75× | ||
| Q2 25 | 1.14× | 11.30× | ||
| Q1 25 | 1.08× | 9.56× | ||
| Q4 24 | 1.04× | 7.02× | ||
| Q3 24 | 1.00× | 9.86× | ||
| Q2 24 | 0.98× | 12.08× |
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% | 1.7% |
| 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DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $98.0M | ||
| Q3 25 | $315.0M | $-36.0M | ||
| Q2 25 | $363.5M | $122.0M | ||
| Q1 25 | $279.4M | $5.0M | ||
| Q4 24 | $1.1B | $198.0M | ||
| Q3 24 | $318.2M | $210.0M | ||
| Q2 24 | $316.2M | $-306.0M |
自由现金流DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | $333.7M | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M |
自由现金流率DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | 47.8% | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% |
资本支出强度DOCSBGI
| Q1 26 | — | 1.7% | ||
| Q4 25 | 124.4% | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 105.6% | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% |
现金转化率DOCSBGI
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 0.90× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 1.13× | ||
| Q3 24 | 3.71× | 2.23× | ||
| Q2 24 | 2.17× | -18.00× |
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
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
