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Healthpeak Properties（DOC）与Shake Shack Inc.（SHAK）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Shake Shack Inc.的1.8倍（$719.4M vs $400.5M），Healthpeak Properties净利率更高（73.2% vs 3.0%，领先70.2%），Shake Shack Inc.同比增速更快（21.9% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $4.0M），过去两年Shake Shack Inc.的营收复合增速更高（17.4% vs 8.9%）
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。
Shake Shack是源自美国纽约的跨国休闲快餐连锁品牌，2001年以麦迪逊广场公园内的热狗餐车起家，人气逐步攀升。2004年品牌获得许可在公园内开设永久门店，菜单也从最初的纽约风味热狗，拓展至汉堡、薯条以及同名奶昔等多款餐品。
DOC vs SHAK — 直观对比
营收规模更大
DOC
是对方的1.8倍
$400.5M
营收增速更快
SHAK
高出18.8%
3.1%
净利率更高
DOC
高出70.2%
3.0%
自由现金流更多
DOC
多$353.0M
$4.0M
两年增速更快
SHAK
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $400.5M |
| 净利润 | $114.0M | $11.8M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 4.7% |
| 净利率 | 73.2% | 3.0% |
| 营收同比 | 3.1% | 21.9% |
| 净利润同比 | 2406.4% | 35.8% |
| 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DOCSHAK
| Q4 25 | $719.4M | $400.5M | ||
| Q3 25 | $705.9M | $367.4M | ||
| Q2 25 | $694.3M | $356.5M | ||
| Q1 25 | $702.9M | $320.9M | ||
| Q4 24 | $698.0M | $328.7M | ||
| Q3 24 | $700.4M | $316.9M | ||
| Q2 24 | $695.5M | $316.5M | ||
| Q1 24 | $606.6M | $290.5M |
净利润DOCSHAK
| Q4 25 | $114.0M | $11.8M | ||
| Q3 25 | $-117.1M | $12.5M | ||
| Q2 25 | $31.7M | $17.1M | ||
| Q1 25 | $42.8M | $4.2M | ||
| Q4 24 | $4.5M | $8.7M | ||
| Q3 24 | $85.9M | $-10.2M | ||
| Q2 24 | $146.0M | $9.7M | ||
| Q1 24 | $6.7M | $2.0M |
毛利率DOCSHAK
| 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DOCSHAK
| Q4 25 | 17.4% | 4.7% | ||
| Q3 25 | 9.2% | 5.0% | ||
| Q2 25 | 5.7% | 6.3% | ||
| Q1 25 | 7.7% | 0.9% | ||
| Q4 24 | -2.2% | 3.1% | ||
| Q3 24 | 14.1% | -5.7% | ||
| Q2 24 | 22.3% | 3.4% | ||
| Q1 24 | 3.7% | 0.0% |
净利率DOCSHAK
| Q4 25 | 73.2% | 3.0% | ||
| Q3 25 | -16.6% | 3.4% | ||
| Q2 25 | 4.6% | 4.8% | ||
| Q1 25 | 6.1% | 1.3% | ||
| Q4 24 | 0.7% | 2.6% | ||
| Q3 24 | 12.3% | -3.2% | ||
| Q2 24 | 21.0% | 3.1% | ||
| Q1 24 | 1.1% | 0.7% |
每股收益（稀释后）DOCSHAK
| Q4 25 | $0.16 | $0.28 | ||
| Q3 25 | $-0.17 | $0.30 | ||
| Q2 25 | $0.05 | $0.41 | ||
| Q1 25 | $0.06 | $0.10 | ||
| Q4 24 | $0.02 | $0.22 | ||
| Q3 24 | $0.12 | $-0.26 | ||
| Q2 24 | $0.21 | $0.23 | ||
| Q1 24 | $0.01 | $0.05 |
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 | $360.1M |
| 总债务越低越好 | $9.8B | $247.7M |
| 股东权益账面价值 | $7.5B | $525.3M |
| 总资产 | $20.3B | $1.9B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资DOCSHAK
| Q4 25 | $467.5M | $360.1M | ||
| Q3 25 | $91.0M | $357.8M | ||
| Q2 25 | $89.4M | $336.8M | ||
| Q1 25 | $70.6M | $312.9M | ||
| Q4 24 | $119.8M | $320.7M | ||
| Q3 24 | $180.4M | $310.9M | ||
| Q2 24 | $106.9M | $304.4M | ||
| Q1 24 | $101.8M | $284.8M |
总债务DOCSHAK
| Q4 25 | $9.8B | $247.7M | ||
| Q3 25 | $9.1B | $247.5M | ||
| Q2 25 | $9.0B | $247.2M | ||
| Q1 25 | $8.9B | $246.9M | ||
| Q4 24 | $8.7B | $246.7M | ||
| Q3 24 | $8.6B | $246.4M | ||
| Q2 24 | $8.6B | $246.2M | ||
| Q1 24 | $8.8B | $245.9M |
股东权益DOCSHAK
| Q4 25 | $7.5B | $525.3M | ||
| Q3 25 | $7.6B | $509.0M | ||
| Q2 25 | $7.9B | $494.1M | ||
| Q1 25 | $8.2B | $473.3M | ||
| Q4 24 | $8.4B | $470.0M | ||
| Q3 24 | $8.6B | $456.1M | ||
| Q2 24 | $8.8B | $462.4M | ||
| Q1 24 | $8.9B | $446.4M |
总资产DOCSHAK
| Q4 25 | $20.3B | $1.9B | ||
| Q3 25 | $19.6B | $1.8B | ||
| Q2 25 | $19.8B | $1.8B | ||
| Q1 25 | $19.8B | $1.7B | ||
| Q4 24 | $19.9B | $1.7B | ||
| Q3 24 | $20.0B | $1.7B | ||
| Q2 24 | $20.2B | $1.7B | ||
| Q1 24 | $20.5B | $1.6B |
负债/权益比DOCSHAK
| Q4 25 | 1.31× | 0.47× | ||
| Q3 25 | 1.20× | 0.49× | ||
| Q2 25 | 1.14× | 0.50× | ||
| Q1 25 | 1.08× | 0.52× | ||
| Q4 24 | 1.04× | 0.52× | ||
| Q3 24 | 1.00× | 0.54× | ||
| Q2 24 | 0.98× | 0.53× | ||
| Q1 24 | 0.99× | 0.55× |
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 | $63.1M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $4.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 1.0% |
| 资本支出强度资本支出/营收 | 124.4% | 14.8% |
| 现金转化率经营现金流/净利润 | 10.99× | 5.34× |
| 过去12个月自由现金流最近4个季度 | — | $56.5M |
8季度趋势，按日历期对齐
经营现金流DOCSHAK
| Q4 25 | $1.3B | $63.1M | ||
| Q3 25 | $315.0M | $63.0M | ||
| Q2 25 | $363.5M | $65.0M | ||
| Q1 25 | $279.4M | $31.2M | ||
| Q4 24 | $1.1B | $45.1M | ||
| Q3 24 | $318.2M | $41.9M | ||
| Q2 24 | $316.2M | $53.5M | ||
| Q1 24 | $152.6M | $30.7M |
自由现金流DOCSHAK
| Q4 25 | $357.0M | $4.0M | ||
| Q3 25 | — | $23.7M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | $333.7M | $10.4M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $-2.4M |
自由现金流率DOCSHAK
| Q4 25 | 49.6% | 1.0% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 47.8% | 3.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | -0.8% |
资本支出强度DOCSHAK
| Q4 25 | 124.4% | 14.8% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | 105.6% | 10.6% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 11.4% |
现金转化率DOCSHAK
| Q4 25 | 10.99× | 5.34× | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | 11.48× | 3.79× | ||
| Q1 25 | 6.52× | 7.36× | ||
| Q4 24 | 235.43× | 5.18× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | 5.54× | ||
| Q1 24 | 22.85× | 15.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
