vs
Healthpeak Properties（DOC）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
希悦尔的季度营收约是Healthpeak Properties的1.9倍（$1.4B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 3.1%，领先70.0%），Healthpeak Properties同比增速更快（3.1% vs 2.6%），Healthpeak Properties自由现金流更多（$357.0M vs $257.7M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 2.7%）
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。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
DOC vs SEE — 直观对比
营收规模更大
SEE
是对方的1.9倍
$719.4M
营收增速更快
DOC
高出0.5%
2.6%
净利率更高
DOC
高出70.0%
3.1%
自由现金流更多
DOC
多$99.3M
$257.7M
两年增速更快
DOC
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.4B |
| 净利润 | $114.0M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 17.4% | 11.4% |
| 净利率 | 73.2% | 3.1% |
| 营收同比 | 3.1% | 2.6% |
| 净利润同比 | 2406.4% | 700.0% |
| 每股收益（稀释后） | $0.16 | $0.30 |
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DOCSEE
| Q4 25 | $719.4M | $1.4B | ||
| Q3 25 | $705.9M | $1.3B | ||
| Q2 25 | $694.3M | $1.3B | ||
| Q1 25 | $702.9M | $1.3B | ||
| Q4 24 | $698.0M | $1.4B | ||
| Q3 24 | $700.4M | $1.3B | ||
| Q2 24 | $695.5M | $1.3B | ||
| Q1 24 | $606.6M | $1.3B |
净利润DOCSEE
| Q4 25 | $114.0M | $43.8M | ||
| Q3 25 | $-117.1M | $255.1M | ||
| Q2 25 | $31.7M | $93.1M | ||
| Q1 25 | $42.8M | $113.5M | ||
| Q4 24 | $4.5M | $-7.3M | ||
| Q3 24 | $85.9M | $91.7M | ||
| Q2 24 | $146.0M | $98.3M | ||
| Q1 24 | $6.7M | $82.0M |
毛利率DOCSEE
| Q4 25 | — | 28.6% | ||
| Q3 25 | 58.6% | 29.8% | ||
| Q2 25 | 60.2% | 30.7% | ||
| Q1 25 | 61.1% | 30.9% | ||
| Q4 24 | 60.3% | 30.0% | ||
| Q3 24 | 60.0% | 30.1% | ||
| Q2 24 | 60.6% | 31.2% | ||
| Q1 24 | 59.8% | 30.3% |
营业利润率DOCSEE
| Q4 25 | 17.4% | 11.4% | ||
| Q3 25 | 9.2% | 13.8% | ||
| Q2 25 | 5.7% | 15.0% | ||
| Q1 25 | 7.7% | 14.5% | ||
| Q4 24 | -2.2% | 11.7% | ||
| Q3 24 | 14.1% | 13.9% | ||
| Q2 24 | 22.3% | 15.4% | ||
| Q1 24 | 3.7% | 14.0% |
净利率DOCSEE
| Q4 25 | 73.2% | 3.1% | ||
| Q3 25 | -16.6% | 19.0% | ||
| Q2 25 | 4.6% | 7.0% | ||
| Q1 25 | 6.1% | 9.0% | ||
| Q4 24 | 0.7% | -0.5% | ||
| Q3 24 | 12.3% | 6.9% | ||
| Q2 24 | 21.0% | 7.4% | ||
| Q1 24 | 1.1% | 6.2% |
每股收益（稀释后）DOCSEE
| Q4 25 | $0.16 | $0.30 | ||
| Q3 25 | $-0.17 | $1.73 | ||
| Q2 25 | $0.05 | $0.63 | ||
| Q1 25 | $0.06 | $0.77 | ||
| Q4 24 | $0.02 | $-0.05 | ||
| Q3 24 | $0.12 | $0.63 | ||
| Q2 24 | $0.21 | $0.67 | ||
| Q1 24 | $0.01 | $0.56 |
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 | $344.0M |
| 总债务越低越好 | $9.8B | $3.3B |
| 股东权益账面价值 | $7.5B | $1.2B |
| 总资产 | $20.3B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.31× | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资DOCSEE
| Q4 25 | $467.5M | $344.0M | ||
| Q3 25 | $91.0M | $282.5M | ||
| Q2 25 | $89.4M | $354.4M | ||
| Q1 25 | $70.6M | $335.2M | ||
| Q4 24 | $119.8M | $371.8M | ||
| Q3 24 | $180.4M | $386.0M | ||
| Q2 24 | $106.9M | $388.6M | ||
| Q1 24 | $101.8M | $352.8M |
总债务DOCSEE
| Q4 25 | $9.8B | $3.3B | ||
| Q3 25 | $9.1B | $4.0B | ||
| Q2 25 | $9.0B | $4.0B | ||
| Q1 25 | $8.9B | $4.2B | ||
| Q4 24 | $8.7B | $4.2B | ||
| Q3 24 | $8.6B | $4.3B | ||
| Q2 24 | $8.6B | $4.4B | ||
| Q1 24 | $8.8B | $4.5B |
股东权益DOCSEE
| Q4 25 | $7.5B | $1.2B | ||
| Q3 25 | $7.6B | $1.2B | ||
| Q2 25 | $7.9B | $953.1M | ||
| Q1 25 | $8.2B | $797.9M | ||
| Q4 24 | $8.4B | $624.5M | ||
| Q3 24 | $8.6B | $771.2M | ||
| Q2 24 | $8.8B | $650.1M | ||
| Q1 24 | $8.9B | $598.3M |
总资产DOCSEE
| Q4 25 | $20.3B | $7.0B | ||
| Q3 25 | $19.6B | $7.1B | ||
| Q2 25 | $19.8B | $7.2B | ||
| Q1 25 | $19.8B | $7.0B | ||
| Q4 24 | $19.9B | $7.0B | ||
| Q3 24 | $20.0B | $7.3B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $20.5B | $7.2B |
负债/权益比DOCSEE
| Q4 25 | 1.31× | 2.65× | ||
| Q3 25 | 1.20× | 3.34× | ||
| Q2 25 | 1.14× | 4.18× | ||
| Q1 25 | 1.08× | 5.26× | ||
| Q4 24 | 1.04× | 6.72× | ||
| Q3 24 | 1.00× | 5.62× | ||
| Q2 24 | 0.98× | 6.81× | ||
| Q1 24 | 0.99× | 7.49× |
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 | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $257.7M |
| 自由现金流率自由现金流/营收 | 49.6% | 18.5% |
| 资本支出强度资本支出/营收 | 124.4% | 2.6% |
| 现金转化率经营现金流/净利润 | 10.99× | 6.70× |
| 过去12个月自由现金流最近4个季度 | — | $458.5M |
8季度趋势，按日历期对齐
经营现金流DOCSEE
| Q4 25 | $1.3B | $293.6M | ||
| Q3 25 | $315.0M | $165.9M | ||
| Q2 25 | $363.5M | $136.6M | ||
| Q1 25 | $279.4M | $31.9M | ||
| Q4 24 | $1.1B | $244.2M | ||
| Q3 24 | $318.2M | $170.5M | ||
| Q2 24 | $316.2M | $188.2M | ||
| Q1 24 | $152.6M | $125.1M |
自由现金流DOCSEE
| Q4 25 | $357.0M | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | $333.7M | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
自由现金流率DOCSEE
| Q4 25 | 49.6% | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | 47.8% | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
资本支出强度DOCSEE
| Q4 25 | 124.4% | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 105.6% | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
现金转化率DOCSEE
| Q4 25 | 10.99× | 6.70× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | 11.48× | 1.47× | ||
| Q1 25 | 6.52× | 0.28× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 1.86× | ||
| Q2 24 | 2.17× | 1.91× | ||
| Q1 24 | 22.85× | 1.53× |
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
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
