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Healthpeak Properties（DOC）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是Healthpeak Properties的1.3倍（$969.8M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 16.1%，领先57.0%），Healthpeak Properties同比增速更快（3.1% vs -73.7%），天宝自由现金流更多（$360.9M vs $357.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
DOC vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.3倍
$719.4M
营收增速更快
DOC
高出76.7%
-73.7%
净利率更高
DOC
高出57.0%
16.1%
自由现金流更多
TRMB
多$3.9M
$357.0M
两年增速更快
DOC
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $969.8M |
| 净利润 | $114.0M | $156.6M |
| 毛利率 | — | 72.0% |
| 营业利润率 | 17.4% | 22.3% |
| 净利率 | 73.2% | 16.1% |
| 营收同比 | 3.1% | -73.7% |
| 净利润同比 | 2406.4% | 73.6% |
| 每股收益（稀释后） | $0.16 | $0.65 |
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DOCTRMB
| Q4 25 | $719.4M | $901.2M | ||
| Q3 25 | $705.9M | $875.7M | ||
| Q2 25 | $694.3M | $840.6M | ||
| Q1 25 | $702.9M | $983.4M | ||
| Q4 24 | $698.0M | — | ||
| Q3 24 | $700.4M | $875.8M | ||
| Q2 24 | $695.5M | $870.8M | ||
| Q1 24 | $606.6M | $953.3M |
净利润DOCTRMB
| Q4 25 | $114.0M | $111.5M | ||
| Q3 25 | $-117.1M | $89.2M | ||
| Q2 25 | $31.7M | $66.7M | ||
| Q1 25 | $42.8M | $90.2M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $85.9M | $40.6M | ||
| Q2 24 | $146.0M | $1.3B | ||
| Q1 24 | $6.7M | $57.2M |
毛利率DOCTRMB
| Q4 25 | — | 68.9% | ||
| Q3 25 | 58.6% | 68.3% | ||
| Q2 25 | 60.2% | 66.7% | ||
| Q1 25 | 61.1% | 69.3% | ||
| Q4 24 | 60.3% | — | ||
| Q3 24 | 60.0% | 65.7% | ||
| Q2 24 | 60.6% | 62.7% | ||
| Q1 24 | 59.8% | 62.3% |
营业利润率DOCTRMB
| Q4 25 | 17.4% | 16.7% | ||
| Q3 25 | 9.2% | 14.6% | ||
| Q2 25 | 5.7% | 11.6% | ||
| Q1 25 | 7.7% | 17.6% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 14.1% | 13.3% | ||
| Q2 24 | 22.3% | 7.1% | ||
| Q1 24 | 3.7% | 11.5% |
净利率DOCTRMB
| Q4 25 | 73.2% | 12.4% | ||
| Q3 25 | -16.6% | 10.2% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | 6.1% | 9.2% | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 12.3% | 4.6% | ||
| Q2 24 | 21.0% | 151.2% | ||
| Q1 24 | 1.1% | 6.0% |
每股收益（稀释后）DOCTRMB
| Q4 25 | $0.16 | $0.46 | ||
| Q3 25 | $-0.17 | $0.37 | ||
| Q2 25 | $0.05 | $0.27 | ||
| Q1 25 | $0.06 | $0.36 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | $0.16 | ||
| Q2 24 | $0.21 | $5.34 | ||
| Q1 24 | $0.01 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | $9.8B | $1.4B |
| 股东权益账面价值 | $7.5B | $5.8B |
| 总资产 | $20.3B | $9.3B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资DOCTRMB
| Q4 25 | $467.5M | $232.7M | ||
| Q3 25 | $91.0M | $265.9M | ||
| Q2 25 | $89.4M | $290.0M | ||
| Q1 25 | $70.6M | $738.8M | ||
| Q4 24 | $119.8M | — | ||
| Q3 24 | $180.4M | $1.0B | ||
| Q2 24 | $106.9M | $944.1M | ||
| Q1 24 | $101.8M | $255.1M |
总债务DOCTRMB
| Q4 25 | $9.8B | $1.4B | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | $1.4B | ||
| Q4 24 | $8.7B | — | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCTRMB
| Q4 25 | $7.5B | $5.8B | ||
| Q3 25 | $7.6B | $5.7B | ||
| Q2 25 | $7.9B | $5.4B | ||
| Q1 25 | $8.2B | $5.7B | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.6B | $5.9B | ||
| Q2 24 | $8.8B | $5.6B | ||
| Q1 24 | $8.9B | $4.3B |
总资产DOCTRMB
| Q4 25 | $20.3B | $9.0B | ||
| Q3 25 | $19.6B | $9.1B | ||
| Q2 25 | $19.8B | $8.9B | ||
| Q1 25 | $19.8B | $9.5B | ||
| Q4 24 | $19.9B | — | ||
| Q3 24 | $20.0B | $9.9B | ||
| Q2 24 | $20.2B | $9.6B | ||
| Q1 24 | $20.5B | $9.3B |
负债/权益比DOCTRMB
| Q4 25 | 1.31× | 0.24× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | 0.24× | ||
| 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 | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $360.9M |
| 自由现金流率自由现金流/营收 | 49.6% | 37.2% |
| 资本支出强度资本支出/营收 | 124.4% | 2.6% |
| 现金转化率经营现金流/净利润 | 10.99× | 2.47× |
| 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DOCTRMB
| Q4 25 | $1.3B | — | ||
| Q3 25 | $315.0M | $123.8M | ||
| Q2 25 | $363.5M | $155.6M | ||
| Q1 25 | $279.4M | $115.1M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $318.2M | $94.9M | ||
| Q2 24 | $316.2M | $87.6M | ||
| Q1 24 | $152.6M | $233.8M |
自由现金流DOCTRMB
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | $116.6M | ||
| Q2 25 | — | $149.0M | ||
| Q1 25 | — | $109.0M | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | $88.5M | ||
| Q2 24 | — | $73.3M | ||
| Q1 24 | — | $227.0M |
自由现金流率DOCTRMB
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 17.7% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 23.8% |
资本支出强度DOCTRMB
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.7% |
现金转化率DOCTRMB
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | 11.48× | 2.33× | ||
| Q1 25 | 6.52× | 1.28× | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | 2.34× | ||
| Q2 24 | 2.17× | 0.07× | ||
| Q1 24 | 22.85× | 4.09× |
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
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
