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Healthpeak Properties（DOC）与Tradeweb Markets Inc.（TW）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Tradeweb Markets Inc.的1.2倍（$719.4M vs $617.8M），Healthpeak Properties净利率更高（73.2% vs 37.7%，领先35.4%），Tradeweb Markets Inc.同比增速更快（21.2% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $2.0M），过去两年Tradeweb Markets Inc.的营收复合增速更高（23.5% 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。
Tradeweb Markets Inc.总部位于美国纽约，运营面向机构投资者的电子交易平台，支持固定收益产品、ETF及衍生品交易，服务覆盖银行、资管机构、央行、养老基金、保险公司等超3000家客户。2024年其83%营收来自交易手续费及佣金，17%来自订阅费，52%营收来自利率相关产品。
DOC vs TW — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $617.8M |
| 净利润 | $114.0M | $233.2M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | 46.5% |
| 净利率 | 73.2% | 37.7% |
| 营收同比 | 3.1% | 21.2% |
| 净利润同比 | 2406.4% | 38.5% |
| 每股收益（稀释后） | $0.16 | $0.96 |
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
| Q1 26 | — | $617.8M | ||
| Q4 25 | $719.4M | $521.2M | ||
| Q3 25 | $705.9M | $508.6M | ||
| Q2 25 | $694.3M | $513.0M | ||
| Q1 25 | $702.9M | $509.7M | ||
| Q4 24 | $698.0M | $463.3M | ||
| Q3 24 | $700.4M | $448.9M | ||
| Q2 24 | $695.5M | $405.0M |
| Q1 26 | — | $233.2M | ||
| Q4 25 | $114.0M | $325.0M | ||
| Q3 25 | $-117.1M | $185.6M | ||
| Q2 25 | $31.7M | $153.8M | ||
| Q1 25 | $42.8M | $148.4M | ||
| Q4 24 | $4.5M | $142.2M | ||
| Q3 24 | $85.9M | $113.9M | ||
| Q2 24 | $146.0M | $119.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 46.5% | ||
| Q4 25 | 17.4% | 42.4% | ||
| Q3 25 | 9.2% | 41.4% | ||
| Q2 25 | 5.7% | 39.0% | ||
| Q1 25 | 7.7% | 40.0% | ||
| Q4 24 | -2.2% | 40.7% | ||
| Q3 24 | 14.1% | 35.5% | ||
| Q2 24 | 22.3% | 40.1% |
| Q1 26 | — | 37.7% | ||
| Q4 25 | 73.2% | 62.4% | ||
| Q3 25 | -16.6% | 36.5% | ||
| Q2 25 | 4.6% | 30.0% | ||
| Q1 25 | 6.1% | 29.1% | ||
| Q4 24 | 0.7% | 30.7% | ||
| Q3 24 | 12.3% | 25.4% | ||
| Q2 24 | 21.0% | 29.4% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | $0.16 | $1.52 | ||
| Q3 25 | $-0.17 | $0.86 | ||
| Q2 25 | $0.05 | $0.71 | ||
| Q1 25 | $0.06 | $0.69 | ||
| Q4 24 | $0.02 | $0.66 | ||
| Q3 24 | $0.12 | $0.53 | ||
| Q2 24 | $0.21 | $0.55 |
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 | — |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | — |
| 总资产 | $20.3B | — |
| 负债/权益比越低杠杆越低 | 1.31× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $467.5M | $2.1B | ||
| Q3 25 | $91.0M | $1.9B | ||
| Q2 25 | $89.4M | $1.6B | ||
| Q1 25 | $70.6M | $1.3B | ||
| Q4 24 | $119.8M | $1.3B | ||
| Q3 24 | $180.4M | $1.2B | ||
| Q2 24 | $106.9M | $1.7B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $7.5B | $6.5B | ||
| Q3 25 | $7.6B | $6.3B | ||
| Q2 25 | $7.9B | $6.1B | ||
| Q1 25 | $8.2B | $5.9B | ||
| Q4 24 | $8.4B | $5.8B | ||
| Q3 24 | $8.6B | $5.7B | ||
| Q2 24 | $8.8B | $5.6B |
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $8.2B | ||
| Q3 25 | $19.6B | $8.0B | ||
| Q2 25 | $19.8B | $8.1B | ||
| Q1 25 | $19.8B | $7.4B | ||
| Q4 24 | $19.9B | $7.3B | ||
| Q3 24 | $20.0B | $7.3B | ||
| Q2 24 | $20.2B | $7.3B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $2.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 0.3% |
| 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× | — |
| 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
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $355.9M | ||
| Q3 25 | $315.0M | $342.3M | ||
| Q2 25 | $363.5M | $409.2M | ||
| Q1 25 | $279.4M | $60.2M | ||
| Q4 24 | $1.1B | $282.0M | ||
| Q3 24 | $318.2M | $292.1M | ||
| Q2 24 | $316.2M | $285.7M |
| Q1 26 | — | $2.0M | ||
| Q4 25 | $357.0M | $336.5M | ||
| Q3 25 | — | $328.3M | ||
| Q2 25 | — | $403.7M | ||
| Q1 25 | — | $58.6M | ||
| Q4 24 | $333.7M | $256.8M | ||
| Q3 24 | — | $287.8M | ||
| Q2 24 | — | $280.8M |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 49.6% | 64.6% | ||
| Q3 25 | — | 64.5% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | 47.8% | 55.4% | ||
| Q3 24 | — | 64.1% | ||
| Q2 24 | — | 69.4% |
| Q1 26 | — | — | ||
| Q4 25 | 124.4% | 3.7% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 105.6% | 5.4% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 1.10× | ||
| Q3 25 | — | 1.84× | ||
| Q2 25 | 11.48× | 2.66× | ||
| Q1 25 | 6.52× | 0.41× | ||
| Q4 24 | 235.43× | 1.98× | ||
| Q3 24 | 3.71× | 2.56× | ||
| Q2 24 | 2.17× | 2.40× |
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
TW
| Transaction fees and commissions | $523.8M | 85% |
| Subscription fees | $60.3M | 10% |
| LSEG market data fees | $26.7M | 4% |
