vs
Healthpeak Properties（DOC）与Snowflake Inc.（SNOW）财务数据对比。点击上方公司名可切换其他公司
Snowflake Inc.的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -24.2%，领先97.4%），Snowflake Inc.同比增速更快（28.7% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $113.6M），过去两年Snowflake Inc.的营收复合增速更高（25.1% 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。
Snowflake Inc.是美国云数据平台服务商，创立于加利福尼亚州圣马特奥，总部位于蒙大拿州博兹曼。旗下平台支持数据分析功能，可实现数据集的低延迟并发访问，服务运行在亚马逊云科技、微软Azure、谷歌云三大公有云平台上。
DOC vs SNOW — 直观对比
营收规模更大
SNOW
是对方的1.7倍
$719.4M
营收增速更快
SNOW
高出25.7%
3.1%
净利率更高
DOC
高出97.4%
-24.2%
自由现金流更多
DOC
多$243.4M
$113.6M
两年增速更快
SNOW
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.2B |
| 净利润 | $114.0M | $-294.0M |
| 毛利率 | — | 67.8% |
| 营业利润率 | 17.4% | -27.2% |
| 净利率 | 73.2% | -24.2% |
| 营收同比 | 3.1% | 28.7% |
| 净利润同比 | 2406.4% | 9.4% |
| 每股收益（稀释后） | $0.16 | $-0.87 |
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DOCSNOW
| Q4 25 | $719.4M | $1.2B | ||
| Q3 25 | $705.9M | $1.1B | ||
| Q2 25 | $694.3M | $1.0B | ||
| Q1 25 | $702.9M | $986.8M | ||
| Q4 24 | $698.0M | $942.1M | ||
| Q3 24 | $700.4M | $868.8M | ||
| Q2 24 | $695.5M | $828.7M | ||
| Q1 24 | $606.6M | $774.7M |
净利润DOCSNOW
| Q4 25 | $114.0M | $-294.0M | ||
| Q3 25 | $-117.1M | $-298.0M | ||
| Q2 25 | $31.7M | $-430.1M | ||
| Q1 25 | $42.8M | $-327.5M | ||
| Q4 24 | $4.5M | $-324.3M | ||
| Q3 24 | $85.9M | $-316.9M | ||
| Q2 24 | $146.0M | $-317.0M | ||
| Q1 24 | $6.7M | $-169.4M |
毛利率DOCSNOW
| Q4 25 | — | 67.8% | ||
| Q3 25 | 58.6% | 67.5% | ||
| Q2 25 | 60.2% | 66.5% | ||
| Q1 25 | 61.1% | 66.2% | ||
| Q4 24 | 60.3% | 65.9% | ||
| Q3 24 | 60.0% | 66.8% | ||
| Q2 24 | 60.6% | 67.1% | ||
| Q1 24 | 59.8% | 68.8% |
营业利润率DOCSNOW
| Q4 25 | 17.4% | -27.2% | ||
| Q3 25 | 9.2% | -29.7% | ||
| Q2 25 | 5.7% | -42.9% | ||
| Q1 25 | 7.7% | -39.2% | ||
| Q4 24 | -2.2% | -38.8% | ||
| Q3 24 | 14.1% | -40.9% | ||
| Q2 24 | 22.3% | -42.1% | ||
| Q1 24 | 3.7% | -35.6% |
净利率DOCSNOW
| Q4 25 | 73.2% | -24.2% | ||
| Q3 25 | -16.6% | -26.0% | ||
| Q2 25 | 4.6% | -41.3% | ||
| Q1 25 | 6.1% | -33.2% | ||
| Q4 24 | 0.7% | -34.4% | ||
| Q3 24 | 12.3% | -36.5% | ||
| Q2 24 | 21.0% | -38.3% | ||
| Q1 24 | 1.1% | -21.9% |
每股收益（稀释后）DOCSNOW
| Q4 25 | $0.16 | $-0.87 | ||
| Q3 25 | $-0.17 | $-0.89 | ||
| Q2 25 | $0.05 | $-1.29 | ||
| Q1 25 | $0.06 | $-0.98 | ||
| Q4 24 | $0.02 | $-0.98 | ||
| Q3 24 | $0.12 | $-0.95 | ||
| Q2 24 | $0.21 | $-0.95 | ||
| Q1 24 | $0.01 | $-0.51 |
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 | $1.9B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $2.1B |
| 总资产 | $20.3B | $8.2B |
| 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DOCSNOW
| Q4 25 | $467.5M | $1.9B | ||
| Q3 25 | $91.0M | $1.9B | ||
| Q2 25 | $89.4M | $2.2B | ||
| Q1 25 | $70.6M | $2.6B | ||
| Q4 24 | $119.8M | $2.1B | ||
| Q3 24 | $180.4M | $1.3B | ||
| Q2 24 | $106.9M | $1.3B | ||
| Q1 24 | $101.8M | $1.8B |
总债务DOCSNOW
| 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DOCSNOW
| Q4 25 | $7.5B | $2.1B | ||
| Q3 25 | $7.6B | $2.4B | ||
| Q2 25 | $7.9B | $2.4B | ||
| Q1 25 | $8.2B | $3.0B | ||
| Q4 24 | $8.4B | $2.9B | ||
| Q3 24 | $8.6B | $4.1B | ||
| Q2 24 | $8.8B | $4.6B | ||
| Q1 24 | $8.9B | $5.2B |
总资产DOCSNOW
| Q4 25 | $20.3B | $8.2B | ||
| Q3 25 | $19.6B | $8.2B | ||
| Q2 25 | $19.8B | $8.2B | ||
| Q1 25 | $19.8B | $9.0B | ||
| Q4 24 | $19.9B | $8.2B | ||
| Q3 24 | $20.0B | $6.9B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $20.5B | $8.2B |
负债/权益比DOCSNOW
| 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 | $137.5M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $113.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 9.4% |
| 资本支出强度资本支出/营收 | 124.4% | 2.0% |
| 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 | — | $776.7M |
8季度趋势，按日历期对齐
经营现金流DOCSNOW
| Q4 25 | $1.3B | $137.5M | ||
| Q3 25 | $315.0M | $74.9M | ||
| Q2 25 | $363.5M | $228.4M | ||
| Q1 25 | $279.4M | $432.7M | ||
| Q4 24 | $1.1B | $101.7M | ||
| Q3 24 | $318.2M | $69.9M | ||
| Q2 24 | $316.2M | $355.5M | ||
| Q1 24 | $152.6M | $344.6M |
自由现金流DOCSNOW
| Q4 25 | $357.0M | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | $333.7M | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | — | $331.5M |
自由现金流率DOCSNOW
| Q4 25 | 49.6% | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | 47.8% | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 42.8% |
资本支出强度DOCSNOW
| Q4 25 | 124.4% | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 105.6% | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.7% |
现金转化率DOCSNOW
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | — |
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
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
