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Healthpeak Properties（DOC）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是Healthpeak Properties的1.1倍（$766.5M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 2.2%，领先71.0%），Healthpeak Properties同比增速更快（3.1% vs 2.5%），Healthpeak Properties自由现金流更多（$357.0M vs $28.9M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
DOC vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.1倍
$719.4M
营收增速更快
DOC
高出0.5%
2.5%
净利率更高
DOC
高出71.0%
2.2%
自由现金流更多
DOC
多$328.1M
$28.9M
两年增速更快
DOC
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $766.5M |
| 净利润 | $114.0M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 17.4% | 2.3% |
| 净利率 | 73.2% | 2.2% |
| 营收同比 | 3.1% | 2.5% |
| 净利润同比 | 2406.4% | -3.3% |
| 每股收益（稀释后） | $0.16 | $0.75 |
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DOCSCSC
| Q4 25 | $719.4M | $766.5M | ||
| Q3 25 | $705.9M | $739.6M | ||
| Q2 25 | $694.3M | $812.9M | ||
| Q1 25 | $702.9M | $704.8M | ||
| Q4 24 | $698.0M | $747.5M | ||
| Q3 24 | $700.4M | $775.6M | ||
| Q2 24 | $695.5M | $746.1M | ||
| Q1 24 | $606.6M | $752.6M |
净利润DOCSCSC
| Q4 25 | $114.0M | $16.5M | ||
| Q3 25 | $-117.1M | $19.9M | ||
| Q2 25 | $31.7M | $20.1M | ||
| Q1 25 | $42.8M | $17.4M | ||
| Q4 24 | $4.5M | $17.1M | ||
| Q3 24 | $85.9M | $17.0M | ||
| Q2 24 | $146.0M | $16.1M | ||
| Q1 24 | $6.7M | $12.8M |
毛利率DOCSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | 58.6% | 14.5% | ||
| Q2 25 | 60.2% | 12.9% | ||
| Q1 25 | 61.1% | 14.2% | ||
| Q4 24 | 60.3% | 13.6% | ||
| Q3 24 | 60.0% | 13.1% | ||
| Q2 24 | 60.6% | 13.0% | ||
| Q1 24 | 59.8% | 12.6% |
营业利润率DOCSCSC
| Q4 25 | 17.4% | 2.3% | ||
| Q3 25 | 9.2% | 3.5% | ||
| Q2 25 | 5.7% | 3.3% | ||
| Q1 25 | 7.7% | 3.2% | ||
| Q4 24 | -2.2% | 2.5% | ||
| Q3 24 | 14.1% | 2.3% | ||
| Q2 24 | 22.3% | 2.9% | ||
| Q1 24 | 3.7% | 2.3% |
净利率DOCSCSC
| Q4 25 | 73.2% | 2.2% | ||
| Q3 25 | -16.6% | 2.7% | ||
| Q2 25 | 4.6% | 2.5% | ||
| Q1 25 | 6.1% | 2.5% | ||
| Q4 24 | 0.7% | 2.3% | ||
| Q3 24 | 12.3% | 2.2% | ||
| Q2 24 | 21.0% | 2.2% | ||
| Q1 24 | 1.1% | 1.7% |
每股收益（稀释后）DOCSCSC
| Q4 25 | $0.16 | $0.75 | ||
| Q3 25 | $-0.17 | $0.89 | ||
| Q2 25 | $0.05 | $0.87 | ||
| Q1 25 | $0.06 | $0.74 | ||
| Q4 24 | $0.02 | $0.70 | ||
| Q3 24 | $0.12 | $0.69 | ||
| Q2 24 | $0.21 | $0.66 | ||
| Q1 24 | $0.01 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $910.9M |
| 总资产 | $20.3B | $1.7B |
| 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DOCSCSC
| Q4 25 | $467.5M | $83.5M | ||
| Q3 25 | $91.0M | $124.9M | ||
| Q2 25 | $89.4M | $126.2M | ||
| Q1 25 | $70.6M | $146.3M | ||
| Q4 24 | $119.8M | $110.5M | ||
| Q3 24 | $180.4M | $145.0M | ||
| Q2 24 | $106.9M | $185.5M | ||
| Q1 24 | $101.8M | $159.1M |
总债务DOCSCSC
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCSCSC
| Q4 25 | $7.5B | $910.9M | ||
| Q3 25 | $7.6B | $914.0M | ||
| Q2 25 | $7.9B | $906.4M | ||
| Q1 25 | $8.2B | $901.7M | ||
| Q4 24 | $8.4B | $900.7M | ||
| Q3 24 | $8.6B | $920.9M | ||
| Q2 24 | $8.8B | $924.3M | ||
| Q1 24 | $8.9B | $944.1M |
总资产DOCSCSC
| Q4 25 | $20.3B | $1.7B | ||
| Q3 25 | $19.6B | $1.7B | ||
| Q2 25 | $19.8B | $1.8B | ||
| Q1 25 | $19.8B | $1.7B | ||
| Q4 24 | $19.9B | $1.7B | ||
| Q3 24 | $20.0B | $1.8B | ||
| Q2 24 | $20.2B | $1.8B | ||
| Q1 24 | $20.5B | $1.8B |
负债/权益比DOCSCSC
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | — | ||
| Q2 24 | 0.98× | — | ||
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 49.6% | 3.8% |
| 资本支出强度资本支出/营收 | 124.4% | 0.3% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.87× |
| 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DOCSCSC
| Q4 25 | $1.3B | $30.8M | ||
| Q3 25 | $315.0M | $23.2M | ||
| Q2 25 | $363.5M | — | ||
| Q1 25 | $279.4M | $66.1M | ||
| Q4 24 | $1.1B | $-6.2M | ||
| Q3 24 | $318.2M | $44.8M | ||
| Q2 24 | $316.2M | — | ||
| Q1 24 | $152.6M | $160.2M |
自由现金流DOCSCSC
| Q4 25 | $357.0M | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | $333.7M | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率DOCSCSC
| Q4 25 | 49.6% | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | 47.8% | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度DOCSCSC
| Q4 25 | 124.4% | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | 105.6% | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率DOCSCSC
| Q4 25 | 10.99× | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | 3.79× | ||
| Q4 24 | 235.43× | -0.36× | ||
| Q3 24 | 3.71× | 2.64× | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 12.51× |
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
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
