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Healthpeak Properties（DOC）与Gentherm Inc（THRM）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Gentherm Inc的1.8倍（$702.9M vs $382.8M），Healthpeak Properties净利率更高（51.6% vs 0.8%，领先50.9%），Gentherm Inc同比增速更快（8.5% vs -6.6%），过去两年Gentherm Inc的营收复合增速更高（3.7% 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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
DOC vs THRM — 直观对比
营收规模更大
DOC
是对方的1.8倍
$382.8M
营收增速更快
THRM
高出15.1%
-6.6%
净利率更高
DOC
高出50.9%
0.8%
两年增速更快
THRM
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $382.8M |
| 净利润 | $363.0M | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 0.7% | 4.6% |
| 净利率 | 51.6% | 0.8% |
| 营收同比 | -6.6% | 8.5% |
| 净利润同比 | 28.3% | -80.5% |
| 每股收益（稀释后） | $0.28 | $0.08 |
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DOCTHRM
| Q1 26 | $702.9M | — | ||
| Q4 25 | $719.4M | $382.8M | ||
| Q3 25 | $705.9M | $386.9M | ||
| Q2 25 | $694.3M | $375.1M | ||
| Q1 25 | $702.9M | $353.9M | ||
| Q4 24 | $698.0M | $352.9M | ||
| Q3 24 | $700.4M | $371.5M | ||
| Q2 24 | $695.5M | $375.7M |
净利润DOCTHRM
| Q1 26 | $363.0M | — | ||
| Q4 25 | $114.0M | $3.0M | ||
| Q3 25 | $-117.1M | $14.9M | ||
| Q2 25 | $31.7M | $477.0K | ||
| Q1 25 | $42.8M | $-128.0K | ||
| Q4 24 | $4.5M | $15.3M | ||
| Q3 24 | $85.9M | $16.0M | ||
| Q2 24 | $146.0M | $18.9M |
毛利率DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | 58.6% | 24.6% | ||
| Q2 25 | 60.2% | 23.9% | ||
| Q1 25 | 61.1% | 24.4% | ||
| Q4 24 | 60.3% | 24.4% | ||
| Q3 24 | 60.0% | 25.5% | ||
| Q2 24 | 60.6% | 25.7% |
营业利润率DOCTHRM
| Q1 26 | 0.7% | — | ||
| Q4 25 | 17.4% | 4.6% | ||
| Q3 25 | 9.2% | 6.2% | ||
| Q2 25 | 5.7% | 6.4% | ||
| Q1 25 | 7.7% | 4.8% | ||
| Q4 24 | -2.2% | 6.7% | ||
| Q3 24 | 14.1% | 8.7% | ||
| Q2 24 | 22.3% | 8.8% |
净利率DOCTHRM
| Q1 26 | 51.6% | — | ||
| Q4 25 | 73.2% | 0.8% | ||
| Q3 25 | -16.6% | 3.9% | ||
| Q2 25 | 4.6% | 0.1% | ||
| Q1 25 | 6.1% | -0.0% | ||
| Q4 24 | 0.7% | 4.3% | ||
| Q3 24 | 12.3% | 4.3% | ||
| Q2 24 | 21.0% | 5.0% |
每股收益（稀释后）DOCTHRM
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.16 | $0.08 | ||
| Q3 25 | $-0.17 | $0.49 | ||
| Q2 25 | $0.05 | $0.02 | ||
| Q1 25 | $0.06 | $0.00 | ||
| Q4 24 | $0.02 | $0.48 | ||
| Q3 24 | $0.12 | $0.51 | ||
| Q2 24 | $0.21 | $0.60 |
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 | $-1.2B | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $7.8B | $720.3M |
| 总资产 | $21.6B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资DOCTHRM
| Q1 26 | $-1.2B | — | ||
| Q4 25 | $467.5M | $160.8M | ||
| Q3 25 | $91.0M | $154.3M | ||
| Q2 25 | $89.4M | $128.3M | ||
| Q1 25 | $70.6M | $163.1M | ||
| Q4 24 | $119.8M | $134.1M | ||
| Q3 24 | $180.4M | $150.6M | ||
| Q2 24 | $106.9M | $123.5M |
总债务DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $189.0M | ||
| Q3 25 | $9.1B | $189.0M | ||
| Q2 25 | $9.0B | $209.0M | ||
| Q1 25 | $8.9B | $262.0M | ||
| Q4 24 | $8.7B | $220.1M | ||
| Q3 24 | $8.6B | $222.1M | ||
| Q2 24 | $8.6B | $222.1M |
股东权益DOCTHRM
| Q1 26 | $7.8B | — | ||
| Q4 25 | $7.5B | $720.3M | ||
| Q3 25 | $7.6B | $717.9M | ||
| Q2 25 | $7.9B | $699.7M | ||
| Q1 25 | $8.2B | $646.5M | ||
| Q4 24 | $8.4B | $616.9M | ||
| Q3 24 | $8.6B | $660.7M | ||
| Q2 24 | $8.8B | $640.3M |
总资产DOCTHRM
| Q1 26 | $21.6B | — | ||
| Q4 25 | $20.3B | $1.4B | ||
| Q3 25 | $19.6B | $1.4B | ||
| Q2 25 | $19.8B | $1.4B | ||
| Q1 25 | $19.8B | $1.3B | ||
| Q4 24 | $19.9B | $1.2B | ||
| Q3 24 | $20.0B | $1.3B | ||
| Q2 24 | $20.2B | $1.2B |
负债/权益比DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.26× | ||
| Q3 25 | 1.20× | 0.26× | ||
| Q2 25 | 1.14× | 0.30× | ||
| Q1 25 | 1.08× | 0.41× | ||
| Q4 24 | 1.04× | 0.36× | ||
| Q3 24 | 1.00× | 0.34× | ||
| Q2 24 | 0.98× | 0.35× |
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 | — | $29.0M |
| 自由现金流经营现金流 - 资本支出 | — | $6.7M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | 3.4% | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $29.0M | ||
| Q3 25 | $315.0M | $56.1M | ||
| Q2 25 | $363.5M | $45.0M | ||
| Q1 25 | $279.4M | $-13.3M | ||
| Q4 24 | $1.1B | $36.6M | ||
| Q3 24 | $318.2M | $46.3M | ||
| Q2 24 | $316.2M | $37.1M |
自由现金流DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $6.7M | ||
| Q3 25 | — | $46.5M | ||
| Q2 25 | — | $36.2M | ||
| Q1 25 | — | $-28.2M | ||
| Q4 24 | $333.7M | $13.6M | ||
| Q3 24 | — | $26.6M | ||
| Q2 24 | — | $17.8M |
自由现金流率DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | 1.7% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | 47.8% | 3.9% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 4.7% |
资本支出强度DOCTHRM
| Q1 26 | 3.4% | — | ||
| Q4 25 | 124.4% | 5.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 105.6% | 6.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 5.2% |
现金转化率DOCTHRM
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 9.70× | ||
| Q3 25 | — | 3.75× | ||
| Q2 25 | 11.48× | 94.43× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 2.39× | ||
| Q3 24 | 3.71× | 2.90× | ||
| Q2 24 | 2.17× | 1.97× |
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
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
