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Healthpeak Properties（DOC）与Veralto（VLTO）财务数据对比。点击上方公司名可切换其他公司
Veralto的季度营收约是Healthpeak Properties的2.0倍（$1.4B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 17.9%，领先55.3%），Veralto同比增速更快（6.8% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $170.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 6.8%）
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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
DOC vs VLTO — 直观对比
营收规模更大
VLTO
是对方的2.0倍
$719.4M
营收增速更快
VLTO
高出3.7%
3.1%
净利率更高
DOC
高出55.3%
17.9%
自由现金流更多
DOC
多$187.0M
$170.0M
两年增速更快
DOC
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.4B |
| 净利润 | $114.0M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 17.4% | 23.8% |
| 净利率 | 73.2% | 17.9% |
| 营收同比 | 3.1% | 6.8% |
| 净利润同比 | 2406.4% | 12.9% |
| 每股收益（稀释后） | $0.16 | $1.02 |
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DOCVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $719.4M | $1.4B | ||
| Q3 25 | $705.9M | $1.4B | ||
| Q2 25 | $694.3M | $1.3B | ||
| Q1 25 | $702.9M | — | ||
| Q4 24 | $698.0M | $1.3B | ||
| Q3 24 | $700.4M | $1.3B | ||
| Q2 24 | $695.5M | $1.3B |
净利润DOCVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | $114.0M | $239.0M | ||
| Q3 25 | $-117.1M | $222.0M | ||
| Q2 25 | $31.7M | $225.0M | ||
| Q1 25 | $42.8M | — | ||
| Q4 24 | $4.5M | $227.0M | ||
| Q3 24 | $85.9M | $219.0M | ||
| Q2 24 | $146.0M | $203.0M |
毛利率DOCVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | 58.6% | 60.0% | ||
| Q2 25 | 60.2% | 60.4% | ||
| Q1 25 | 61.1% | — | ||
| Q4 24 | 60.3% | 59.6% | ||
| Q3 24 | 60.0% | 59.6% | ||
| Q2 24 | 60.6% | 60.1% |
营业利润率DOCVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | 17.4% | 23.2% | ||
| Q3 25 | 9.2% | 22.8% | ||
| Q2 25 | 5.7% | 24.2% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | -2.2% | 22.9% | ||
| Q3 24 | 14.1% | 23.4% | ||
| Q2 24 | 22.3% | 23.2% |
净利率DOCVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | 73.2% | 17.0% | ||
| Q3 25 | -16.6% | 16.2% | ||
| Q2 25 | 4.6% | 16.9% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 0.7% | 16.9% | ||
| Q3 24 | 12.3% | 16.7% | ||
| Q2 24 | 21.0% | 15.8% |
每股收益（稀释后）DOCVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | $0.16 | $0.95 | ||
| Q3 25 | $-0.17 | $0.89 | ||
| Q2 25 | $0.05 | $0.90 | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | $0.91 | ||
| Q3 24 | $0.12 | $0.88 | ||
| Q2 24 | $0.21 | $0.81 |
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
现金及短期投资DOCVLTO
| Q1 26 | — | — | ||
| Q4 25 | $467.5M | $1.8B | ||
| Q3 25 | $91.0M | $1.6B | ||
| Q2 25 | $89.4M | $1.2B | ||
| Q1 25 | $70.6M | — | ||
| Q4 24 | $119.8M | $1.1B | ||
| Q3 24 | $180.4M | $1.3B | ||
| Q2 24 | $106.9M | $1.0B |
总债务DOCVLTO
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $2.7B | ||
| Q3 25 | $9.1B | $2.7B | ||
| Q2 25 | $9.0B | $2.6B | ||
| Q1 25 | $8.9B | — | ||
| Q4 24 | $8.7B | $2.6B | ||
| Q3 24 | $8.6B | $2.6B | ||
| Q2 24 | $8.6B | $2.6B |
股东权益DOCVLTO
| Q1 26 | — | — | ||
| Q4 25 | $7.5B | $2.8B | ||
| Q3 25 | $7.6B | $2.7B | ||
| Q2 25 | $7.9B | $2.3B | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.4B | $2.0B | ||
| Q3 24 | $8.6B | $2.0B | ||
| Q2 24 | $8.8B | $1.7B |
总资产DOCVLTO
| Q1 26 | — | — | ||
| Q4 25 | $20.3B | $7.4B | ||
| Q3 25 | $19.6B | $7.2B | ||
| Q2 25 | $19.8B | $6.6B | ||
| Q1 25 | $19.8B | — | ||
| Q4 24 | $19.9B | $6.4B | ||
| Q3 24 | $20.0B | $6.3B | ||
| Q2 24 | $20.2B | $5.9B |
负债/权益比DOCVLTO
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.94× | ||
| Q3 25 | 1.20× | 1.01× | ||
| Q2 25 | 1.14× | 1.14× | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.04× | 1.28× | ||
| Q3 24 | 1.00× | 1.35× | ||
| Q2 24 | 0.98× | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 49.6% | 12.0% |
| 资本支出强度资本支出/营收 | 124.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 10.99× | 0.72× |
| 过去12个月自由现金流最近4个季度 | — | $893.0M |
8季度趋势，按日历期对齐
经营现金流DOCVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | $1.3B | $270.0M | ||
| Q3 25 | $315.0M | $339.0M | ||
| Q2 25 | $363.5M | $157.0M | ||
| Q1 25 | $279.4M | — | ||
| Q4 24 | $1.1B | $285.0M | ||
| Q3 24 | $318.2M | $224.0M | ||
| Q2 24 | $316.2M | $251.0M |
自由现金流DOCVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | $357.0M | $258.0M | ||
| Q3 25 | — | $323.0M | ||
| Q2 25 | — | $142.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | $263.0M | ||
| Q3 24 | — | $215.0M | ||
| Q2 24 | — | $240.0M |
自由现金流率DOCVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | 49.6% | 18.4% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | 19.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 18.6% |
资本支出强度DOCVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | 124.4% | 0.9% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | 1.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.9% |
现金转化率DOCVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | 10.99× | 1.13× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | 11.48× | 0.70× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 1.26× | ||
| Q3 24 | 3.71× | 1.02× | ||
| Q2 24 | 2.17× | 1.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
