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Healthpeak Properties（DOC）与TRUPANION, INC.（TRUP）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TRUPANION, INC.的1.9倍（$719.4M vs $376.9M），TRUPANION, INC.同比增速更快（11.7% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $25.3M），过去两年TRUPANION, INC.的营收复合增速更高（11.0% 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。
Trupanion是总部位于美国华盛顿州西雅图的宠物保险服务商，创立于1999年，业务覆盖美国、加拿大、澳大利亚与波多黎各地区。该公司为宠物提供保险保障服务，所有保单由旗下美国宠物保险公司（APIC）独家承保。
DOC vs TRUP — 直观对比
营收规模更大
DOC
是对方的1.9倍
$376.9M
营收增速更快
TRUP
高出8.7%
3.1%
自由现金流更多
DOC
多$331.7M
$25.3M
两年增速更快
TRUP
近两年复合增速
8.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $376.9M |
| 净利润 | $114.0M | — |
| 毛利率 | — | 17.3% |
| 营业利润率 | 17.4% | 1.9% |
| 净利率 | 73.2% | — |
| 营收同比 | 3.1% | 11.7% |
| 净利润同比 | 2406.4% | — |
| 每股收益（稀释后） | $0.16 | $0.13 |
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DOCTRUP
| Q4 25 | $719.4M | $376.9M | ||
| Q3 25 | $705.9M | $366.9M | ||
| Q2 25 | $694.3M | $353.6M | ||
| Q1 25 | $702.9M | $342.0M | ||
| Q4 24 | $698.0M | $337.3M | ||
| Q3 24 | $700.4M | $327.5M | ||
| Q2 24 | $695.5M | $314.8M | ||
| Q1 24 | $606.6M | $306.1M |
净利润DOCTRUP
| Q4 25 | $114.0M | — | ||
| Q3 25 | $-117.1M | — | ||
| Q2 25 | $31.7M | — | ||
| Q1 25 | $42.8M | — | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $85.9M | — | ||
| Q2 24 | $146.0M | — | ||
| Q1 24 | $6.7M | — |
毛利率DOCTRUP
| Q4 25 | — | 17.3% | ||
| Q3 25 | 58.6% | 16.4% | ||
| Q2 25 | 60.2% | 15.5% | ||
| Q1 25 | 61.1% | 14.9% | ||
| Q4 24 | 60.3% | 15.7% | ||
| Q3 24 | 60.0% | 15.1% | ||
| Q2 24 | 60.6% | 12.8% | ||
| Q1 24 | 59.8% | 11.8% |
营业利润率DOCTRUP
| Q4 25 | 17.4% | 1.9% | ||
| Q3 25 | 9.2% | 1.6% | ||
| Q2 25 | 5.7% | 0.7% | ||
| Q1 25 | 7.7% | -0.4% | ||
| Q4 24 | -2.2% | 0.1% | ||
| Q3 24 | 14.1% | 0.5% | ||
| Q2 24 | 22.3% | -1.7% | ||
| Q1 24 | 3.7% | -2.0% |
净利率DOCTRUP
| Q4 25 | 73.2% | — | ||
| Q3 25 | -16.6% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 21.0% | — | ||
| Q1 24 | 1.1% | — |
每股收益（稀释后）DOCTRUP
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | $-0.17 | $0.13 | ||
| Q2 25 | $0.05 | $0.22 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | $0.02 | $0.04 | ||
| Q3 24 | $0.12 | $0.03 | ||
| Q2 24 | $0.21 | $-0.14 | ||
| Q1 24 | $0.01 | $-0.16 |
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 | $370.7M |
| 总债务越低越好 | $9.8B | $101.8M |
| 股东权益账面价值 | $7.5B | $383.9M |
| 总资产 | $20.3B | $915.0M |
| 负债/权益比越低杠杆越低 | 1.31× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资DOCTRUP
| Q4 25 | $467.5M | $370.7M | ||
| Q3 25 | $91.0M | $348.5M | ||
| Q2 25 | $89.4M | $319.6M | ||
| Q1 25 | $70.6M | $321.8M | ||
| Q4 24 | $119.8M | $307.4M | ||
| Q3 24 | $180.4M | $293.1M | ||
| Q2 24 | $106.9M | $277.2M | ||
| Q1 24 | $101.8M | $275.2M |
总债务DOCTRUP
| Q4 25 | $9.8B | $101.8M | ||
| Q3 25 | $9.1B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $127.5M | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $8.6B | — | ||
| Q1 24 | $8.8B | — |
股东权益DOCTRUP
| Q4 25 | $7.5B | $383.9M | ||
| Q3 25 | $7.6B | $368.6M | ||
| Q2 25 | $7.9B | $355.5M | ||
| Q1 25 | $8.2B | $333.7M | ||
| Q4 24 | $8.4B | $323.3M | ||
| Q3 24 | $8.6B | $320.2M | ||
| Q2 24 | $8.8B | $305.8M | ||
| Q1 24 | $8.9B | $303.4M |
总资产DOCTRUP
| Q4 25 | $20.3B | $915.0M | ||
| Q3 25 | $19.6B | $880.2M | ||
| Q2 25 | $19.8B | $847.8M | ||
| Q1 25 | $19.8B | $837.2M | ||
| Q4 24 | $19.9B | $806.9M | ||
| Q3 24 | $20.0B | $816.1M | ||
| Q2 24 | $20.2B | $795.9M | ||
| Q1 24 | $20.5B | $789.5M |
负债/权益比DOCTRUP
| Q4 25 | 1.31× | 0.27× | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 0.39× | ||
| 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 | $29.3M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $25.3M |
| 自由现金流率自由现金流/营收 | 49.6% | 6.7% |
| 资本支出强度资本支出/营收 | 124.4% | 1.0% |
| 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 | — | $75.4M |
8季度趋势，按日历期对齐
经营现金流DOCTRUP
| Q4 25 | $1.3B | $29.3M | ||
| Q3 25 | $315.0M | $29.2M | ||
| Q2 25 | $363.5M | $15.0M | ||
| Q1 25 | $279.4M | $16.0M | ||
| Q4 24 | $1.1B | $23.7M | ||
| Q3 24 | $318.2M | $15.3M | ||
| Q2 24 | $316.2M | $6.9M | ||
| Q1 24 | $152.6M | $2.4M |
自由现金流DOCTRUP
| Q4 25 | $357.0M | $25.3M | ||
| Q3 25 | — | $23.9M | ||
| Q2 25 | — | $12.0M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | $333.7M | $21.8M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $-631.0K |
自由现金流率DOCTRUP
| Q4 25 | 49.6% | 6.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | 47.8% | 6.5% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | -0.2% |
资本支出强度DOCTRUP
| Q4 25 | 124.4% | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 105.6% | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCTRUP
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | — | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | — | ||
| Q1 24 | 22.85× | — |
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
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
