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Healthpeak Properties（DOC）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
STEWART INFORMATION SERVICES CORP的季度营收约是Healthpeak Properties的1.1倍（$764.6M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 2.2%，领先71.0%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 3.1%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
DOC vs STC — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $764.6M |
| 净利润 | $114.0M | $17.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | — |
| 净利率 | 73.2% | 2.2% |
| 营收同比 | 3.1% | 27.7% |
| 净利润同比 | 2406.4% | 448.4% |
| 每股收益（稀释后） | $0.16 | — |
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
| Q1 26 | — | $764.6M | ||
| Q4 25 | $719.4M | $790.6M | ||
| Q3 25 | $705.9M | $796.9M | ||
| Q2 25 | $694.3M | $722.2M | ||
| Q1 25 | $702.9M | $612.0M | ||
| Q4 24 | $698.0M | $665.9M | ||
| Q3 24 | $700.4M | $667.9M | ||
| Q2 24 | $695.5M | $602.2M |
| Q1 26 | — | $17.0M | ||
| Q4 25 | $114.0M | $36.3M | ||
| Q3 25 | $-117.1M | $44.3M | ||
| Q2 25 | $31.7M | $31.9M | ||
| Q1 25 | $42.8M | $3.1M | ||
| Q4 24 | $4.5M | $22.7M | ||
| Q3 24 | $85.9M | $30.1M | ||
| Q2 24 | $146.0M | $17.3M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | 6.5% | ||
| Q3 25 | 9.2% | 7.7% | ||
| Q2 25 | 5.7% | 6.5% | ||
| Q1 25 | 7.7% | 1.0% | ||
| Q4 24 | -2.2% | 5.3% | ||
| Q3 24 | 14.1% | 6.4% | ||
| Q2 24 | 22.3% | 4.8% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 73.2% | 4.6% | ||
| Q3 25 | -16.6% | 5.6% | ||
| Q2 25 | 4.6% | 4.4% | ||
| Q1 25 | 6.1% | 0.5% | ||
| Q4 24 | 0.7% | 3.4% | ||
| Q3 24 | 12.3% | 4.5% | ||
| Q2 24 | 21.0% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.16 | $1.26 | ||
| Q3 25 | $-0.17 | $1.55 | ||
| Q2 25 | $0.05 | $1.13 | ||
| Q1 25 | $0.06 | $0.11 | ||
| Q4 24 | $0.02 | $0.81 | ||
| Q3 24 | $0.12 | $1.07 | ||
| Q2 24 | $0.21 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | — |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $317.5M | ||
| Q4 25 | $467.5M | $369.7M | ||
| Q3 25 | $91.0M | $233.2M | ||
| Q2 25 | $89.4M | $223.8M | ||
| Q1 25 | $70.6M | $194.2M | ||
| Q4 24 | $119.8M | $257.5M | ||
| Q3 24 | $180.4M | $228.7M | ||
| Q2 24 | $106.9M | $176.7M |
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $445.8M | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $1.6B | ||
| Q3 25 | $7.6B | $1.5B | ||
| Q2 25 | $7.9B | $1.4B | ||
| Q1 25 | $8.2B | $1.4B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.8B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $3.3B | ||
| Q3 25 | $19.6B | $2.8B | ||
| Q2 25 | $19.8B | $2.8B | ||
| Q1 25 | $19.8B | $2.7B | ||
| Q4 24 | $19.9B | $2.7B | ||
| Q3 24 | $20.0B | $2.7B | ||
| Q2 24 | $20.2B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 0.32× | ||
| 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 | $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
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $89.5M | ||
| Q3 25 | $315.0M | $92.6M | ||
| Q2 25 | $363.5M | $53.4M | ||
| Q1 25 | $279.4M | $-29.9M | ||
| Q4 24 | $1.1B | $68.0M | ||
| Q3 24 | $318.2M | $76.1M | ||
| Q2 24 | $316.2M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $62.3M | ||
| Q3 25 | — | $73.6M | ||
| Q2 25 | — | $38.7M | ||
| Q1 25 | — | $-42.2M | ||
| Q4 24 | $333.7M | $55.6M | ||
| Q3 24 | — | $67.4M | ||
| Q2 24 | — | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 7.9% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | 47.8% | 8.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 3.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 105.6% | 1.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 2.47× | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | 11.48× | 1.67× | ||
| Q1 25 | 6.52× | -9.73× | ||
| Q4 24 | 235.43× | 2.99× | ||
| Q3 24 | 3.71× | 2.53× | ||
| Q2 24 | 2.17× | 1.22× |
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
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
