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Healthpeak Properties（DOC）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.5倍（$719.4M vs $492.9M），Healthpeak Properties净利率更高（73.2% vs 19.7%，领先53.5%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
DOC vs STWD — 直观对比
营收规模更大
DOC
是对方的1.5倍
$492.9M
营收增速更快
STWD
高出5.4%
3.1%
净利率更高
DOC
高出53.5%
19.7%
两年增速更快
DOC
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $492.9M |
| 净利润 | $114.0M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 26.6% |
| 净利率 | 73.2% | 19.7% |
| 营收同比 | 3.1% | 8.5% |
| 净利润同比 | 2406.4% | 87.7% |
| 每股收益（稀释后） | $0.16 | $0.25 |
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DOCSTWD
| Q4 25 | $719.4M | $492.9M | ||
| Q3 25 | $705.9M | $488.9M | ||
| Q2 25 | $694.3M | $444.3M | ||
| Q1 25 | $702.9M | $418.2M | ||
| Q4 24 | $698.0M | $454.4M | ||
| Q3 24 | $700.4M | $479.5M | ||
| Q2 24 | $695.5M | $489.8M | ||
| Q1 24 | $606.6M | $523.1M |
净利润DOCSTWD
| Q4 25 | $114.0M | $96.9M | ||
| Q3 25 | $-117.1M | $72.6M | ||
| Q2 25 | $31.7M | $129.8M | ||
| Q1 25 | $42.8M | $112.3M | ||
| Q4 24 | $4.5M | $51.6M | ||
| Q3 24 | $85.9M | $76.1M | ||
| Q2 24 | $146.0M | $77.9M | ||
| Q1 24 | $6.7M | $154.3M |
毛利率DOCSTWD
| 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DOCSTWD
| Q4 25 | 17.4% | 26.6% | ||
| Q3 25 | 9.2% | 19.1% | ||
| Q2 25 | 5.7% | 30.5% | ||
| Q1 25 | 7.7% | 28.7% | ||
| Q4 24 | -2.2% | 15.1% | ||
| Q3 24 | 14.1% | 17.2% | ||
| Q2 24 | 22.3% | 19.1% | ||
| Q1 24 | 3.7% | 30.8% |
净利率DOCSTWD
| Q4 25 | 73.2% | 19.7% | ||
| Q3 25 | -16.6% | 14.8% | ||
| Q2 25 | 4.6% | 29.2% | ||
| Q1 25 | 6.1% | 26.8% | ||
| Q4 24 | 0.7% | 11.4% | ||
| Q3 24 | 12.3% | 15.9% | ||
| Q2 24 | 21.0% | 15.9% | ||
| Q1 24 | 1.1% | 29.5% |
每股收益（稀释后）DOCSTWD
| Q4 25 | $0.16 | $0.25 | ||
| Q3 25 | $-0.17 | $0.19 | ||
| Q2 25 | $0.05 | $0.38 | ||
| Q1 25 | $0.06 | $0.33 | ||
| Q4 24 | $0.02 | $0.15 | ||
| Q3 24 | $0.12 | $0.23 | ||
| Q2 24 | $0.21 | $0.24 | ||
| Q1 24 | $0.01 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $6.8B |
| 总资产 | $20.3B | $63.2B |
| 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DOCSTWD
| Q4 25 | $467.5M | $499.5M | ||
| Q3 25 | $91.0M | $301.1M | ||
| Q2 25 | $89.4M | $259.9M | ||
| Q1 25 | $70.6M | $440.6M | ||
| Q4 24 | $119.8M | $377.8M | ||
| Q3 24 | $180.4M | $357.9M | ||
| Q2 24 | $106.9M | $259.3M | ||
| Q1 24 | $101.8M | $327.4M |
总债务DOCSTWD
| 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DOCSTWD
| Q4 25 | $7.5B | $6.8B | ||
| Q3 25 | $7.6B | $6.9B | ||
| Q2 25 | $7.9B | $6.4B | ||
| Q1 25 | $8.2B | $6.4B | ||
| Q4 24 | $8.4B | $6.4B | ||
| Q3 24 | $8.6B | $6.5B | ||
| Q2 24 | $8.8B | $6.2B | ||
| Q1 24 | $8.9B | $6.3B |
总资产DOCSTWD
| Q4 25 | $20.3B | $63.2B | ||
| Q3 25 | $19.6B | $62.4B | ||
| Q2 25 | $19.8B | $62.4B | ||
| Q1 25 | $19.8B | $62.2B | ||
| Q4 24 | $19.9B | $62.6B | ||
| Q3 24 | $20.0B | $64.2B | ||
| Q2 24 | $20.2B | $64.1B | ||
| Q1 24 | $20.5B | $66.2B |
负债/权益比DOCSTWD
| 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 | $488.8M |
| 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× | 5.04× |
| 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DOCSTWD
| Q4 25 | $1.3B | $488.8M | ||
| Q3 25 | $315.0M | $337.6M | ||
| Q2 25 | $363.5M | $-87.4M | ||
| Q1 25 | $279.4M | $238.9M | ||
| Q4 24 | $1.1B | $295.6M | ||
| Q3 24 | $318.2M | $241.8M | ||
| Q2 24 | $316.2M | $53.3M | ||
| Q1 24 | $152.6M | $55.9M |
自由现金流DOCSTWD
| 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DOCSTWD
| 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DOCSTWD
| 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DOCSTWD
| Q4 25 | 10.99× | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | 11.48× | -0.67× | ||
| Q1 25 | 6.52× | 2.13× | ||
| Q4 24 | 235.43× | 5.72× | ||
| Q3 24 | 3.71× | 3.18× | ||
| Q2 24 | 2.17× | 0.68× | ||
| Q1 24 | 22.85× | 0.36× |
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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
