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Healthpeak Properties（DOC）与Sonos Inc（SONO）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Sonos Inc的1.3倍（$702.9M vs $545.7M），Healthpeak Properties净利率更高（51.6% vs 17.2%，领先34.5%），Sonos Inc同比增速更快（-0.9% vs -6.6%），过去两年Sonos Inc的营收复合增速更高（47.0% 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。
Sonos Inc是总部位于美国加利福尼亚州圣巴巴拉的音频设备制造商，由约翰·麦克法兰、克雷格·谢尔本、汤姆·卡伦与钟·麦于2002年联合创立，专注于音频技术研发与相关产品生产，旗下产品在全球消费音频市场拥有较高的用户认可度。
DOC vs SONO — 直观对比
营收规模更大
DOC
是对方的1.3倍
$545.7M
营收增速更快
SONO
高出5.7%
-6.6%
净利率更高
DOC
高出34.5%
17.2%
两年增速更快
SONO
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $545.7M |
| 净利润 | $363.0M | $93.8M |
| 毛利率 | — | 46.5% |
| 营业利润率 | 0.7% | 18.4% |
| 净利率 | 51.6% | 17.2% |
| 营收同比 | -6.6% | -0.9% |
| 净利润同比 | 28.3% | 86.7% |
| 每股收益（稀释后） | $0.28 | $0.75 |
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DOCSONO
| Q1 26 | $702.9M | — | ||
| Q4 25 | $719.4M | $545.7M | ||
| Q3 25 | $705.9M | $287.9M | ||
| Q2 25 | $694.3M | $344.8M | ||
| Q1 25 | $702.9M | $259.8M | ||
| Q4 24 | $698.0M | $550.9M | ||
| Q3 24 | $700.4M | $255.4M | ||
| Q2 24 | $695.5M | $397.1M |
净利润DOCSONO
| Q1 26 | $363.0M | — | ||
| Q4 25 | $114.0M | $93.8M | ||
| Q3 25 | $-117.1M | $-37.9M | ||
| Q2 25 | $31.7M | $-3.4M | ||
| Q1 25 | $42.8M | $-70.1M | ||
| Q4 24 | $4.5M | $50.2M | ||
| Q3 24 | $85.9M | $-53.1M | ||
| Q2 24 | $146.0M | $3.7M |
毛利率DOCSONO
| Q1 26 | — | — | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | 58.6% | 43.7% | ||
| Q2 25 | 60.2% | 43.4% | ||
| Q1 25 | 61.1% | 43.7% | ||
| Q4 24 | 60.3% | 43.8% | ||
| Q3 24 | 60.0% | 40.3% | ||
| Q2 24 | 60.6% | 48.3% |
营业利润率DOCSONO
| Q1 26 | 0.7% | — | ||
| Q4 25 | 17.4% | 18.4% | ||
| Q3 25 | 9.2% | -12.0% | ||
| Q2 25 | 5.7% | -0.8% | ||
| Q1 25 | 7.7% | -23.6% | ||
| Q4 24 | -2.2% | 8.7% | ||
| Q3 24 | 14.1% | -27.2% | ||
| Q2 24 | 22.3% | 3.2% |
净利率DOCSONO
| Q1 26 | 51.6% | — | ||
| Q4 25 | 73.2% | 17.2% | ||
| Q3 25 | -16.6% | -13.1% | ||
| Q2 25 | 4.6% | -1.0% | ||
| Q1 25 | 6.1% | -27.0% | ||
| Q4 24 | 0.7% | 9.1% | ||
| Q3 24 | 12.3% | -20.8% | ||
| Q2 24 | 21.0% | 0.9% |
每股收益（稀释后）DOCSONO
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.16 | $0.75 | ||
| Q3 25 | $-0.17 | $-0.30 | ||
| Q2 25 | $0.05 | $-0.03 | ||
| Q1 25 | $0.06 | $-0.58 | ||
| Q4 24 | $0.02 | $0.40 | ||
| Q3 24 | $0.12 | $-0.42 | ||
| Q2 24 | $0.21 | $0.03 |
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 | $312.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8B | $443.3M |
| 总资产 | $21.6B | $947.9M |
| 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DOCSONO
| Q1 26 | $-1.2B | — | ||
| Q4 25 | $467.5M | $312.5M | ||
| Q3 25 | $91.0M | $174.7M | ||
| Q2 25 | $89.4M | $201.3M | ||
| Q1 25 | $70.6M | $173.2M | ||
| Q4 24 | $119.8M | $280.0M | ||
| Q3 24 | $180.4M | $169.7M | ||
| Q2 24 | $106.9M | $227.1M |
总债务DOCSONO
| Q1 26 | — | — | ||
| 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 | — |
股东权益DOCSONO
| Q1 26 | $7.8B | — | ||
| Q4 25 | $7.5B | $443.3M | ||
| Q3 25 | $7.6B | $355.2M | ||
| Q2 25 | $7.9B | $399.3M | ||
| Q1 25 | $8.2B | $382.9M | ||
| Q4 24 | $8.4B | $469.1M | ||
| Q3 24 | $8.6B | $428.6M | ||
| Q2 24 | $8.8B | $464.4M |
总资产DOCSONO
| Q1 26 | $21.6B | — | ||
| Q4 25 | $20.3B | $947.9M | ||
| Q3 25 | $19.6B | $823.3M | ||
| Q2 25 | $19.8B | $834.4M | ||
| Q1 25 | $19.8B | $792.2M | ||
| Q4 24 | $19.9B | $963.6M | ||
| Q3 24 | $20.0B | $916.3M | ||
| Q2 24 | $20.2B | $961.1M |
负债/权益比DOCSONO
| 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 | — | $163.3M |
| 自由现金流经营现金流 - 资本支出 | — | $157.3M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 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DOCSONO
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $163.3M | ||
| Q3 25 | $315.0M | $2.9M | ||
| Q2 25 | $363.5M | $37.4M | ||
| Q1 25 | $279.4M | $-59.7M | ||
| Q4 24 | $1.1B | $156.2M | ||
| Q3 24 | $318.2M | $-37.7M | ||
| Q2 24 | $316.2M | $63.5M |
自由现金流DOCSONO
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $157.3M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $32.7M | ||
| Q1 25 | — | $-65.2M | ||
| Q4 24 | $333.7M | $143.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $40.3M |
自由现金流率DOCSONO
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 28.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -25.1% | ||
| Q4 24 | 47.8% | 26.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 10.1% |
资本支出强度DOCSONO
| Q1 26 | 3.4% | — | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 105.6% | 2.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.8% |
现金转化率DOCSONO
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 1.74× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 3.11× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | 17.12× |
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% |
SONO
| Sonos speakers | $459.2M | 84% |
| Sonos system products | $65.1M | 12% |
| Partner products and other revenue | $21.4M | 4% |
