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Healthpeak Properties（DOC）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.9倍（$719.4M vs $370.4M），Healthpeak Properties净利率更高（73.2% vs 12.4%，领先60.8%），Healthpeak Properties同比增速更快（3.1% vs -0.8%），Healthpeak Properties自由现金流更多（$357.0M vs $-67.5M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
DOC vs SPH — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $370.4M |
| 净利润 | $114.0M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 17.4% | 18.3% |
| 净利率 | 73.2% | 12.4% |
| 营收同比 | 3.1% | -0.8% |
| 净利润同比 | 2406.4% | 135.7% |
| 每股收益（稀释后） | $0.16 | $0.69 |
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
| Q4 25 | $719.4M | $370.4M | ||
| Q3 25 | $705.9M | $211.4M | ||
| Q2 25 | $694.3M | $260.1M | ||
| Q1 25 | $702.9M | $587.7M | ||
| Q4 24 | $698.0M | $373.3M | ||
| Q3 24 | $700.4M | $208.6M | ||
| Q2 24 | $695.5M | $254.6M | ||
| Q1 24 | $606.6M | $498.1M |
| Q4 25 | $114.0M | $45.8M | ||
| Q3 25 | $-117.1M | $-35.1M | ||
| Q2 25 | $31.7M | $-14.8M | ||
| Q1 25 | $42.8M | $137.1M | ||
| Q4 24 | $4.5M | $19.4M | ||
| Q3 24 | $85.9M | $-44.6M | ||
| Q2 24 | $146.0M | $-17.2M | ||
| Q1 24 | $6.7M | $111.5M |
| Q4 25 | — | 64.7% | ||
| Q3 25 | 58.6% | 64.7% | ||
| Q2 25 | 60.2% | 61.7% | ||
| Q1 25 | 61.1% | 58.8% | ||
| Q4 24 | 60.3% | 60.6% | ||
| Q3 24 | 60.0% | 59.4% | ||
| Q2 24 | 60.6% | 62.9% | ||
| Q1 24 | 59.8% | 61.8% |
| Q4 25 | 17.4% | 18.3% | ||
| Q3 25 | 9.2% | -7.9% | ||
| Q2 25 | 5.7% | 2.1% | ||
| Q1 25 | 7.7% | 27.0% | ||
| Q4 24 | -2.2% | 15.8% | ||
| Q3 24 | 14.1% | -10.8% | ||
| Q2 24 | 22.3% | 3.2% | ||
| Q1 24 | 3.7% | 27.5% |
| Q4 25 | 73.2% | 12.4% | ||
| Q3 25 | -16.6% | -16.6% | ||
| Q2 25 | 4.6% | -5.7% | ||
| Q1 25 | 6.1% | 23.3% | ||
| Q4 24 | 0.7% | 5.2% | ||
| Q3 24 | 12.3% | -21.4% | ||
| Q2 24 | 21.0% | -6.8% | ||
| Q1 24 | 1.1% | 22.4% |
| Q4 25 | $0.16 | $0.69 | ||
| Q3 25 | $-0.17 | $-0.55 | ||
| Q2 25 | $0.05 | $-0.23 | ||
| Q1 25 | $0.06 | $2.10 | ||
| Q4 24 | $0.02 | $0.30 | ||
| Q3 24 | $0.12 | $-0.69 | ||
| Q2 24 | $0.21 | $-0.27 | ||
| Q1 24 | $0.01 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $9.8B | $1.3B |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | $2.4B |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
| Q4 25 | $467.5M | $1.3M | ||
| Q3 25 | $91.0M | $405.0K | ||
| Q2 25 | $89.4M | $1.3M | ||
| Q1 25 | $70.6M | $3.9M | ||
| Q4 24 | $119.8M | $4.4M | ||
| Q3 24 | $180.4M | $3.2M | ||
| Q2 24 | $106.9M | $4.9M | ||
| Q1 24 | $101.8M | $4.4M |
| Q4 25 | $9.8B | $1.3B | ||
| Q3 25 | $9.1B | $1.2B | ||
| Q2 25 | $9.0B | $1.2B | ||
| Q1 25 | $8.9B | $1.3B | ||
| Q4 24 | $8.7B | $1.3B | ||
| Q3 24 | $8.6B | $1.2B | ||
| Q2 24 | $8.6B | $1.2B | ||
| Q1 24 | $8.8B | $1.2B |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.8B | — | ||
| Q1 24 | $8.9B | — |
| Q4 25 | $20.3B | $2.4B | ||
| Q3 25 | $19.6B | $2.3B | ||
| Q2 25 | $19.8B | $2.3B | ||
| Q1 25 | $19.8B | $2.4B | ||
| Q4 24 | $19.9B | $2.4B | ||
| Q3 24 | $20.0B | $2.3B | ||
| Q2 24 | $20.2B | $2.3B | ||
| Q1 24 | $20.5B | $2.3B |
| 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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $-67.5M |
| 自由现金流率自由现金流/营收 | 49.6% | -18.2% |
| 资本支出强度资本支出/营收 | 124.4% | 5.3% |
| 现金转化率经营现金流/净利润 | 10.99× | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
| Q4 25 | $1.3B | $-47.7M | ||
| Q3 25 | $315.0M | $41.8M | ||
| Q2 25 | $363.5M | $95.5M | ||
| Q1 25 | $279.4M | $40.1M | ||
| Q4 24 | $1.1B | $8.8M | ||
| Q3 24 | $318.2M | $36.8M | ||
| Q2 24 | $316.2M | $61.4M | ||
| Q1 24 | $152.6M | $75.1M |
| Q4 25 | $357.0M | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | $333.7M | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $60.6M |
| Q4 25 | 49.6% | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | 47.8% | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 12.2% |
| Q4 25 | 124.4% | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 105.6% | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 10.99× | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | 0.29× | ||
| Q4 24 | 235.43× | 0.45× | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | 0.67× |
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
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
