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Healthpeak Properties（DOC）与Soho House & Co Inc.（SHCO）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Soho House & Co Inc.的1.9倍（$702.9M vs $370.8M），Healthpeak Properties净利率更高（51.6% vs -5.0%，领先56.7%），Soho House & Co Inc.同比增速更快（11.2% vs -6.6%），过去两年Soho House & Co Inc.的营收复合增速更高（13.5% vs 0.5%）
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。
Soho House & Co Inc.是面向媒体、艺术及时尚领域从业者的国际私人会员俱乐部，主打为创意产业相关人群提供专属社交、休闲与资源对接空间，在全球多个核心城市布局线下据点，服务注重圈层属性与文化氛围的高端用户群体。
DOC vs SHCO — 直观对比
营收规模更大
DOC
是对方的1.9倍
$370.8M
营收增速更快
SHCO
高出17.9%
-6.6%
净利率更高
DOC
高出56.7%
-5.0%
两年增速更快
SHCO
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $370.8M |
| 净利润 | $363.0M | $-18.7M |
| 毛利率 | — | — |
| 营业利润率 | 0.7% | -1.6% |
| 净利率 | 51.6% | -5.0% |
| 营收同比 | -6.6% | 11.2% |
| 净利润同比 | 28.3% | -10790.3% |
| 每股收益（稀释后） | $0.28 | $-0.10 |
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DOCSHCO
| Q1 26 | $702.9M | — | ||
| Q4 25 | $719.4M | — | ||
| Q3 25 | $705.9M | $370.8M | ||
| Q2 25 | $694.3M | $329.8M | ||
| Q1 25 | $702.9M | $282.9M | ||
| Q4 24 | $698.0M | $305.6M | ||
| Q3 24 | $700.4M | $333.4M | ||
| Q2 24 | $695.5M | $302.9M |
净利润DOCSHCO
| Q1 26 | $363.0M | — | ||
| Q4 25 | $114.0M | — | ||
| Q3 25 | $-117.1M | $-18.7M | ||
| Q2 25 | $31.7M | $24.9M | ||
| Q1 25 | $42.8M | $8.2M | ||
| Q4 24 | $4.5M | $-91.7M | ||
| Q3 24 | $85.9M | $175.0K | ||
| Q2 24 | $146.0M | $-29.9M |
毛利率DOCSHCO
| 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DOCSHCO
| Q1 26 | 0.7% | — | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 9.2% | -1.6% | ||
| Q2 25 | 5.7% | 18.1% | ||
| Q1 25 | 7.7% | 12.3% | ||
| Q4 24 | -2.2% | -23.1% | ||
| Q3 24 | 14.1% | 11.4% | ||
| Q2 24 | 22.3% | -4.3% |
净利率DOCSHCO
| Q1 26 | 51.6% | — | ||
| Q4 25 | 73.2% | — | ||
| Q3 25 | -16.6% | -5.0% | ||
| Q2 25 | 4.6% | 7.5% | ||
| Q1 25 | 6.1% | 2.9% | ||
| Q4 24 | 0.7% | -30.0% | ||
| Q3 24 | 12.3% | 0.1% | ||
| Q2 24 | 21.0% | -9.9% |
每股收益（稀释后）DOCSHCO
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.17 | $-0.10 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $0.06 | $0.04 | ||
| Q4 24 | $0.02 | $-0.48 | ||
| Q3 24 | $0.12 | $0.00 | ||
| Q2 24 | $0.21 | $-0.15 |
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 | $-1.2B | $142.5M |
| 总债务越低越好 | — | $735.8M |
| 股东权益账面价值 | $7.8B | $-351.6M |
| 总资产 | $21.6B | $2.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCSHCO
| Q1 26 | $-1.2B | — | ||
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | $142.5M | ||
| Q2 25 | $89.4M | $150.3M | ||
| Q1 25 | $70.6M | $150.1M | ||
| Q4 24 | $119.8M | $152.7M | ||
| Q3 24 | $180.4M | $142.8M | ||
| Q2 24 | $106.9M | $148.5M |
总债务DOCSHCO
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | $735.8M | ||
| Q2 25 | $9.0B | $729.8M | ||
| Q1 25 | $8.9B | $705.1M | ||
| Q4 24 | $8.7B | $691.5M | ||
| Q3 24 | $8.6B | $694.8M | ||
| Q2 24 | $8.6B | $682.1M |
股东权益DOCSHCO
| Q1 26 | $7.8B | — | ||
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | $-351.6M | ||
| Q2 25 | $7.9B | $-348.6M | ||
| Q1 25 | $8.2B | $-340.1M | ||
| Q4 24 | $8.4B | $-335.1M | ||
| Q3 24 | $8.6B | $-279.4M | ||
| Q2 24 | $8.8B | $-231.7M |
总资产DOCSHCO
| Q1 26 | $21.6B | — | ||
| Q4 25 | $20.3B | — | ||
| Q3 25 | $19.6B | $2.7B | ||
| Q2 25 | $19.8B | $2.6B | ||
| Q1 25 | $19.8B | $2.5B | ||
| Q4 24 | $19.9B | $2.4B | ||
| Q3 24 | $20.0B | $2.6B | ||
| Q2 24 | $20.2B | $2.6B |
负债/权益比DOCSHCO
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $34.9M |
| 自由现金流经营现金流 - 资本支出 | — | $3.5M |
| 自由现金流率自由现金流/营收 | — | 0.9% |
| 资本支出强度资本支出/营收 | 3.4% | 8.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $41.9M |
8季度趋势，按日历期对齐
经营现金流DOCSHCO
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $315.0M | $34.9M | ||
| Q2 25 | $363.5M | $41.0M | ||
| Q1 25 | $279.4M | $22.8M | ||
| Q4 24 | $1.1B | $26.9M | ||
| Q3 24 | $318.2M | $20.6M | ||
| Q2 24 | $316.2M | $36.0M |
自由现金流DOCSHCO
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $3.5M | ||
| Q2 25 | — | $12.4M | ||
| Q1 25 | — | $7.5M | ||
| Q4 24 | $333.7M | $18.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $10.2M |
自由现金流率DOCSHCO
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 47.8% | 6.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
资本支出强度DOCSHCO
| Q1 26 | 3.4% | — | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | 105.6% | 2.7% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 8.5% |
现金转化率DOCSHCO
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | 1.65× | ||
| Q1 25 | 6.52× | 2.79× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 117.70× | ||
| Q2 24 | 2.17× | — |
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
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
