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Healthpeak Properties（DOC）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是Healthpeak Properties的1.4倍（$1.0B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 7.6%，领先65.5%），思佳讯同比增速更快（8.6% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $339.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% 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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
DOC vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$719.4M
营收增速更快
SWKS
高出5.6%
3.1%
净利率更高
DOC
高出65.5%
7.6%
自由现金流更多
DOC
多$18.0M
$339.0M
两年增速更快
DOC
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.0B |
| 净利润 | $114.0M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 17.4% | 10.0% |
| 净利率 | 73.2% | 7.6% |
| 营收同比 | 3.1% | 8.6% |
| 净利润同比 | 2406.4% | 15.3% |
| 每股收益（稀释后） | $0.16 | $0.53 |
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DOCSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $719.4M | $1.1B | ||
| Q3 25 | $705.9M | — | ||
| Q2 25 | $694.3M | $965.0M | ||
| Q1 25 | $702.9M | $953.2M | ||
| Q4 24 | $698.0M | $1.1B | ||
| Q3 24 | $700.4M | $1.0B | ||
| Q2 24 | $695.5M | $905.5M |
净利润DOCSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $114.0M | $141.4M | ||
| Q3 25 | $-117.1M | — | ||
| Q2 25 | $31.7M | $105.0M | ||
| Q1 25 | $42.8M | $68.7M | ||
| Q4 24 | $4.5M | $162.0M | ||
| Q3 24 | $85.9M | $60.5M | ||
| Q2 24 | $146.0M | $120.9M |
毛利率DOCSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 58.6% | — | ||
| Q2 25 | 60.2% | 41.6% | ||
| Q1 25 | 61.1% | 41.1% | ||
| Q4 24 | 60.3% | 41.4% | ||
| Q3 24 | 60.0% | 41.9% | ||
| Q2 24 | 60.6% | 40.2% |
营业利润率DOCSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 17.4% | 10.1% | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 5.7% | 11.5% | ||
| Q1 25 | 7.7% | 10.2% | ||
| Q4 24 | -2.2% | 16.9% | ||
| Q3 24 | 14.1% | 5.8% | ||
| Q2 24 | 22.3% | 14.4% |
净利率DOCSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 73.2% | 12.9% | ||
| Q3 25 | -16.6% | — | ||
| Q2 25 | 4.6% | 10.9% | ||
| Q1 25 | 6.1% | 7.2% | ||
| Q4 24 | 0.7% | 15.2% | ||
| Q3 24 | 12.3% | 5.9% | ||
| Q2 24 | 21.0% | 13.4% |
每股收益（稀释后）DOCSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.16 | $0.95 | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.05 | $0.70 | ||
| Q1 25 | $0.06 | $0.43 | ||
| Q4 24 | $0.02 | $1.00 | ||
| Q3 24 | $0.12 | $0.36 | ||
| Q2 24 | $0.21 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $9.8B | $496.6M |
| 股东权益账面价值 | $7.5B | $5.8B |
| 总资产 | $20.3B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资DOCSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $467.5M | $1.4B | ||
| Q3 25 | $91.0M | — | ||
| Q2 25 | $89.4M | $1.3B | ||
| Q1 25 | $70.6M | $1.5B | ||
| Q4 24 | $119.8M | $1.7B | ||
| Q3 24 | $180.4M | $1.6B | ||
| Q2 24 | $106.9M | $1.3B |
总债务DOCSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $9.8B | $496.4M | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | $496.2M | ||
| Q1 25 | $8.9B | $995.1M | ||
| Q4 24 | $8.7B | $994.7M | ||
| Q3 24 | $8.6B | $994.3M | ||
| Q2 24 | $8.6B | $994.0M |
股东权益DOCSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $7.5B | $5.8B | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.9B | $5.7B | ||
| Q1 25 | $8.2B | $5.9B | ||
| Q4 24 | $8.4B | $6.4B | ||
| Q3 24 | $8.6B | $6.3B | ||
| Q2 24 | $8.8B | $6.3B |
总资产DOCSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $20.3B | $7.9B | ||
| Q3 25 | $19.6B | — | ||
| Q2 25 | $19.8B | $7.7B | ||
| Q1 25 | $19.8B | $7.9B | ||
| Q4 24 | $19.9B | $8.3B | ||
| Q3 24 | $20.0B | $8.3B | ||
| Q2 24 | $20.2B | $8.2B |
负债/权益比DOCSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.31× | 0.09× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | 0.09× | ||
| Q1 25 | 1.08× | 0.17× | ||
| Q4 24 | 1.04× | 0.16× | ||
| Q3 24 | 1.00× | 0.16× | ||
| Q2 24 | 0.98× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $339.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 32.7% |
| 资本支出强度资本支出/营收 | 124.4% | 5.5% |
| 现金转化率经营现金流/净利润 | 10.99× | 4.99× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DOCSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $1.3B | $200.0M | ||
| Q3 25 | $315.0M | — | ||
| Q2 25 | $363.5M | $314.2M | ||
| Q1 25 | $279.4M | $409.4M | ||
| Q4 24 | $1.1B | $377.2M | ||
| Q3 24 | $318.2M | $476.1M | ||
| Q2 24 | $316.2M | $273.4M |
自由现金流DOCSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $357.0M | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $252.7M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | $333.7M | $338.2M | ||
| Q3 24 | — | $393.3M | ||
| Q2 24 | — | $249.0M |
自由现金流率DOCSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 49.6% | 13.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 26.2% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | 47.8% | 31.7% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 27.5% |
资本支出强度DOCSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 124.4% | 5.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 105.6% | 3.6% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 2.7% |
现金转化率DOCSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 10.99× | 1.41× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | 2.99× | ||
| Q1 25 | 6.52× | 5.96× | ||
| Q4 24 | 235.43× | 2.33× | ||
| Q3 24 | 3.71× | 7.87× | ||
| Q2 24 | 2.17× | 2.26× |
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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
