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Healthpeak Properties（DOC）与Sphere Entertainment Co.（SPHR）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Sphere Entertainment Co.的1.8倍（$719.4M vs $393.8M），Healthpeak Properties净利率更高（73.2% vs 16.4%，领先56.7%），过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% 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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
DOC vs SPHR — 直观对比
营收规模更大
DOC
是对方的1.8倍
$393.8M
净利率更高
DOC
高出56.7%
16.4%
两年增速更快
SPHR
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $393.8M |
| 净利润 | $114.0M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 7.3% |
| 净利率 | 73.2% | 16.4% |
| 营收同比 | 3.1% | — |
| 净利润同比 | 2406.4% | — |
| 每股收益（稀释后） | $0.16 | $2.42 |
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DOCSPHR
| Q4 25 | $719.4M | $393.8M | ||
| Q3 25 | $705.9M | $262.1M | ||
| Q2 25 | $694.3M | $282.2M | ||
| Q1 25 | $702.9M | $280.1M | ||
| Q4 24 | $698.0M | — | ||
| Q3 24 | $700.4M | $227.1M | ||
| Q2 24 | $695.5M | $272.6M | ||
| Q1 24 | $606.6M | $320.6M |
净利润DOCSPHR
| Q4 25 | $114.0M | $64.7M | ||
| Q3 25 | $-117.1M | $-101.2M | ||
| Q2 25 | $31.7M | $151.8M | ||
| Q1 25 | $42.8M | $-82.0M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $85.9M | $-105.3M | ||
| Q2 24 | $146.0M | $-46.6M | ||
| Q1 24 | $6.7M | $-47.2M |
毛利率DOCSPHR
| 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% | — | ||
| Q1 24 | 59.8% | — |
营业利润率DOCSPHR
| Q4 25 | 17.4% | 7.3% | ||
| Q3 25 | 9.2% | -49.5% | ||
| Q2 25 | 5.7% | -17.8% | ||
| Q1 25 | 7.7% | -28.1% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | -51.8% | ||
| Q2 24 | 22.3% | -66.3% | ||
| Q1 24 | 3.7% | -12.6% |
净利率DOCSPHR
| Q4 25 | 73.2% | 16.4% | ||
| Q3 25 | -16.6% | -38.6% | ||
| Q2 25 | 4.6% | 53.8% | ||
| Q1 25 | 6.1% | -29.3% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 12.3% | -46.4% | ||
| Q2 24 | 21.0% | -17.1% | ||
| Q1 24 | 1.1% | -14.7% |
每股收益（稀释后）DOCSPHR
| Q4 25 | $0.16 | $2.42 | ||
| Q3 25 | $-0.17 | $-2.80 | ||
| Q2 25 | $0.05 | $3.39 | ||
| Q1 25 | $0.06 | $-2.27 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | $-2.95 | ||
| Q2 24 | $0.21 | $-1.33 | ||
| Q1 24 | $0.01 | $-1.33 |
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 | — |
| 总债务越低越好 | $9.8B | $692.7M |
| 股东权益账面价值 | $7.5B | $2.2B |
| 总资产 | $20.3B | $4.2B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资DOCSPHR
| Q4 25 | $467.5M | — | ||
| Q3 25 | $91.0M | $384.8M | ||
| Q2 25 | $89.4M | $355.7M | ||
| Q1 25 | $70.6M | $465.0M | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | — | ||
| Q2 24 | $106.9M | $559.8M | ||
| Q1 24 | $101.8M | — |
总债务DOCSPHR
| Q4 25 | $9.8B | $692.7M | ||
| Q3 25 | $9.1B | $733.8M | ||
| Q2 25 | $9.0B | $743.8M | ||
| Q1 25 | $8.9B | $1.3B | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.6B | $1.4B | ||
| Q1 24 | $8.8B | $1.4B |
股东权益DOCSPHR
| Q4 25 | $7.5B | $2.2B | ||
| Q3 25 | $7.6B | $2.2B | ||
| Q2 25 | $7.9B | $2.3B | ||
| Q1 25 | $8.2B | $2.1B | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | $2.3B | ||
| Q2 24 | $8.8B | $2.4B | ||
| Q1 24 | $8.9B | $2.4B |
总资产DOCSPHR
| Q4 25 | $20.3B | $4.2B | ||
| Q3 25 | $19.6B | $4.1B | ||
| Q2 25 | $19.8B | $4.2B | ||
| Q1 25 | $19.8B | $4.4B | ||
| Q4 24 | $19.9B | — | ||
| Q3 24 | $20.0B | $4.6B | ||
| Q2 24 | $20.2B | — | ||
| Q1 24 | $20.5B | $4.9B |
负债/权益比DOCSPHR
| Q4 25 | 1.31× | 0.31× | ||
| Q3 25 | 1.20× | 0.34× | ||
| Q2 25 | 1.14× | 0.32× | ||
| Q1 25 | 1.08× | 0.62× | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.00× | 0.59× | ||
| Q2 24 | 0.98× | 0.57× | ||
| Q1 24 | 0.99× | 0.57× |
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 | $180.2M |
| 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× | 2.78× |
| 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DOCSPHR
| Q4 25 | $1.3B | $180.2M | ||
| Q3 25 | $315.0M | $115.8M | ||
| Q2 25 | $363.5M | $-59.1M | ||
| Q1 25 | $279.4M | $6.3M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $318.2M | $34.1M | ||
| Q2 24 | $316.2M | $-72.4M | ||
| Q1 24 | $152.6M | $101.0M |
自由现金流DOCSPHR
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DOCSPHR
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DOCSPHR
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DOCSPHR
| Q4 25 | 10.99× | 2.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | -0.39× | ||
| 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
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
