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Healthpeak Properties（DOC）与SLM Corp（SLM）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SLM Corp的1.3倍（$719.4M vs $560.0M），Healthpeak Properties净利率更高（73.2% vs 55.0%，领先18.2%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
DOC vs SLM — 直观对比
营收规模更大
DOC
是对方的1.3倍
$560.0M
净利率更高
DOC
高出18.2%
55.0%
两年增速更快
SLM
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $560.0M |
| 净利润 | $114.0M | $308.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 69.6% |
| 净利率 | 73.2% | 55.0% |
| 营收同比 | 3.1% | — |
| 净利润同比 | 2406.4% | 1.0% |
| 每股收益（稀释后） | $0.16 | $1.54 |
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DOCSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $719.4M | $377.1M | ||
| Q3 25 | $705.9M | $373.0M | ||
| Q2 25 | $694.3M | $376.8M | ||
| Q1 25 | $702.9M | $375.0M | ||
| Q4 24 | $698.0M | $362.2M | ||
| Q3 24 | $700.4M | $359.4M | ||
| Q2 24 | $695.5M | $372.2M |
净利润DOCSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $114.0M | $233.2M | ||
| Q3 25 | $-117.1M | $135.8M | ||
| Q2 25 | $31.7M | $71.3M | ||
| Q1 25 | $42.8M | $304.5M | ||
| Q4 24 | $4.5M | $111.6M | ||
| Q3 24 | $85.9M | $-45.2M | ||
| Q2 24 | $146.0M | $252.0M |
毛利率DOCSLM
| 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DOCSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 17.4% | 83.8% | ||
| Q3 25 | 9.2% | 49.8% | ||
| Q2 25 | 5.7% | 23.3% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | 36.5% | ||
| Q3 24 | 14.1% | -16.6% | ||
| Q2 24 | 22.3% | 91.0% |
净利率DOCSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | 73.2% | 61.8% | ||
| Q3 25 | -16.6% | 36.4% | ||
| Q2 25 | 4.6% | 18.9% | ||
| Q1 25 | 6.1% | 81.2% | ||
| Q4 24 | 0.7% | 30.8% | ||
| Q3 24 | 12.3% | -12.6% | ||
| Q2 24 | 21.0% | 67.7% |
每股收益（稀释后）DOCSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $0.16 | $1.11 | ||
| Q3 25 | $-0.17 | $0.63 | ||
| Q2 25 | $0.05 | $0.32 | ||
| Q1 25 | $0.06 | $1.40 | ||
| Q4 24 | $0.02 | $0.53 | ||
| Q3 24 | $0.12 | $-0.23 | ||
| Q2 24 | $0.21 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $9.8B | $6.2B |
| 股东权益账面价值 | $7.5B | $2.4B |
| 总资产 | $20.3B | $29.4B |
| 负债/权益比越低杠杆越低 | 1.31× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资DOCSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $467.5M | $4.2B | ||
| Q3 25 | $91.0M | $3.5B | ||
| Q2 25 | $89.4M | $4.1B | ||
| Q1 25 | $70.6M | $3.7B | ||
| Q4 24 | $119.8M | $4.7B | ||
| Q3 24 | $180.4M | $4.5B | ||
| Q2 24 | $106.9M | $5.3B |
总债务DOCSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $9.8B | $5.4B | ||
| Q3 25 | $9.1B | $6.8B | ||
| Q2 25 | $9.0B | $6.4B | ||
| Q1 25 | $8.9B | $6.1B | ||
| Q4 24 | $8.7B | $6.4B | ||
| Q3 24 | $8.6B | $6.0B | ||
| Q2 24 | $8.6B | $5.4B |
股东权益DOCSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $7.5B | $2.5B | ||
| Q3 25 | $7.6B | $2.3B | ||
| Q2 25 | $7.9B | $2.4B | ||
| Q1 25 | $8.2B | $2.4B | ||
| Q4 24 | $8.4B | $2.2B | ||
| Q3 24 | $8.6B | $2.1B | ||
| Q2 24 | $8.8B | $2.3B |
总资产DOCSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $20.3B | $29.7B | ||
| Q3 25 | $19.6B | $29.6B | ||
| Q2 25 | $19.8B | $29.6B | ||
| Q1 25 | $19.8B | $28.9B | ||
| Q4 24 | $19.9B | $30.1B | ||
| Q3 24 | $20.0B | $30.0B | ||
| Q2 24 | $20.2B | $28.8B |
负债/权益比DOCSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 1.31× | 2.19× | ||
| Q3 25 | 1.20× | 2.92× | ||
| Q2 25 | 1.14× | 2.70× | ||
| Q1 25 | 1.08× | 2.56× | ||
| Q4 24 | 1.04× | 2.98× | ||
| Q3 24 | 1.00× | 2.83× | ||
| Q2 24 | 0.98× | 2.37× |
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% | — |
| 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DOCSLM
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $-64.5M | ||
| Q3 25 | $315.0M | $-49.3M | ||
| Q2 25 | $363.5M | $-138.7M | ||
| Q1 25 | $279.4M | $-146.1M | ||
| Q4 24 | $1.1B | $4.5M | ||
| Q3 24 | $318.2M | $-113.4M | ||
| Q2 24 | $316.2M | $-143.8M |
自由现金流DOCSLM
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率DOCSLM
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度DOCSLM
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率DOCSLM
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | -0.28× | ||
| Q3 25 | — | -0.36× | ||
| Q2 25 | 11.48× | -1.95× | ||
| Q1 25 | 6.52× | -0.48× | ||
| Q4 24 | 235.43× | 0.04× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | -0.57× |
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
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
