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Healthpeak Properties（DOC）与威瑞信（VRSN）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是威瑞信的1.7倍（$719.4M vs $425.3M），Healthpeak Properties净利率更高（73.2% vs 48.5%，领先24.7%），威瑞信同比增速更快（7.6% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $285.1M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 5.2%）
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。
威瑞信是总部位于美国弗吉尼亚州雷斯顿的网络基础设施服务商，运营全球互联网13台根域名服务器中的2台，同时是.com、.net、.name、.cc等顶级域名的权威注册管理机构，还负责.jobs、.edu等赞助类顶级域名的后端系统运维工作。
DOC vs VRSN — 直观对比
营收规模更大
DOC
是对方的1.7倍
$425.3M
营收增速更快
VRSN
高出4.5%
3.1%
净利率更高
DOC
高出24.7%
48.5%
自由现金流更多
DOC
多$71.9M
$285.1M
两年增速更快
DOC
近两年复合增速
5.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $425.3M |
| 净利润 | $114.0M | $206.2M |
| 毛利率 | — | 88.5% |
| 营业利润率 | 17.4% | 67.0% |
| 净利率 | 73.2% | 48.5% |
| 营收同比 | 3.1% | 7.6% |
| 净利润同比 | 2406.4% | 7.7% |
| 每股收益（稀释后） | $0.16 | — |
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DOCVRSN
| Q4 25 | $719.4M | $425.3M | ||
| Q3 25 | $705.9M | $419.1M | ||
| Q2 25 | $694.3M | $409.9M | ||
| Q1 25 | $702.9M | $402.3M | ||
| Q4 24 | $698.0M | $395.4M | ||
| Q3 24 | $700.4M | $390.6M | ||
| Q2 24 | $695.5M | $387.1M | ||
| Q1 24 | $606.6M | $384.3M |
净利润DOCVRSN
| Q4 25 | $114.0M | $206.2M | ||
| Q3 25 | $-117.1M | $212.8M | ||
| Q2 25 | $31.7M | $207.4M | ||
| Q1 25 | $42.8M | $199.3M | ||
| Q4 24 | $4.5M | $191.5M | ||
| Q3 24 | $85.9M | $201.3M | ||
| Q2 24 | $146.0M | $198.8M | ||
| Q1 24 | $6.7M | $194.1M |
毛利率DOCVRSN
| Q4 25 | — | 88.5% | ||
| Q3 25 | 58.6% | 88.4% | ||
| Q2 25 | 60.2% | 88.0% | ||
| Q1 25 | 61.1% | 87.7% | ||
| Q4 24 | 60.3% | 87.8% | ||
| Q3 24 | 60.0% | 88.0% | ||
| Q2 24 | 60.6% | 87.8% | ||
| Q1 24 | 59.8% | 87.2% |
营业利润率DOCVRSN
| Q4 25 | 17.4% | 67.0% | ||
| Q3 25 | 9.2% | 67.8% | ||
| Q2 25 | 5.7% | 68.5% | ||
| Q1 25 | 7.7% | 67.4% | ||
| Q4 24 | -2.2% | 66.7% | ||
| Q3 24 | 14.1% | 68.9% | ||
| Q2 24 | 22.3% | 68.8% | ||
| Q1 24 | 3.7% | 67.4% |
净利率DOCVRSN
| Q4 25 | 73.2% | 48.5% | ||
| Q3 25 | -16.6% | 50.8% | ||
| Q2 25 | 4.6% | 50.6% | ||
| Q1 25 | 6.1% | 49.5% | ||
| Q4 24 | 0.7% | 48.4% | ||
| Q3 24 | 12.3% | 51.5% | ||
| Q2 24 | 21.0% | 51.4% | ||
| Q1 24 | 1.1% | 50.5% |
每股收益（稀释后）DOCVRSN
| Q4 25 | $0.16 | — | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.12 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.01 | — |
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 | $580.5M |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $-2.2B |
| 总资产 | $20.3B | $1.3B |
| 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DOCVRSN
| Q4 25 | $467.5M | $580.5M | ||
| Q3 25 | $91.0M | $617.7M | ||
| Q2 25 | $89.4M | $593.8M | ||
| Q1 25 | $70.6M | $648.5M | ||
| Q4 24 | $119.8M | $599.9M | ||
| Q3 24 | $180.4M | $644.9M | ||
| Q2 24 | $106.9M | $689.9M | ||
| Q1 24 | $101.8M | $924.7M |
总债务DOCVRSN
| 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 24 | $8.8B | — |
股东权益DOCVRSN
| Q4 25 | $7.5B | $-2.2B | ||
| Q3 25 | $7.6B | $-2.1B | ||
| Q2 25 | $7.9B | $-2.0B | ||
| Q1 25 | $8.2B | $-2.0B | ||
| Q4 24 | $8.4B | $-2.0B | ||
| Q3 24 | $8.6B | $-1.9B | ||
| Q2 24 | $8.8B | $-1.8B | ||
| Q1 24 | $8.9B | $-1.6B |
总资产DOCVRSN
| Q4 25 | $20.3B | $1.3B | ||
| Q3 25 | $19.6B | $1.4B | ||
| Q2 25 | $19.8B | $1.4B | ||
| Q1 25 | $19.8B | $1.4B | ||
| Q4 24 | $19.9B | $1.4B | ||
| Q3 24 | $20.0B | $1.5B | ||
| Q2 24 | $20.2B | $1.5B | ||
| Q1 24 | $20.5B | $1.7B |
负债/权益比DOCVRSN
| 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× | — | ||
| 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 | $289.6M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $285.1M |
| 自由现金流率自由现金流/营收 | 49.6% | 67.0% |
| 资本支出强度资本支出/营收 | 124.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.40× |
| 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
经营现金流DOCVRSN
| Q4 25 | $1.3B | $289.6M | ||
| Q3 25 | $315.0M | $307.7M | ||
| Q2 25 | $363.5M | $202.5M | ||
| Q1 25 | $279.4M | $291.3M | ||
| Q4 24 | $1.1B | $231.5M | ||
| Q3 24 | $318.2M | $253.4M | ||
| Q2 24 | $316.2M | $160.4M | ||
| Q1 24 | $152.6M | $257.3M |
自由现金流DOCVRSN
| Q4 25 | $357.0M | $285.1M | ||
| Q3 25 | — | $303.0M | ||
| Q2 25 | — | $194.7M | ||
| Q1 25 | — | $285.5M | ||
| Q4 24 | $333.7M | $222.0M | ||
| Q3 24 | — | $247.8M | ||
| Q2 24 | — | $151.2M | ||
| Q1 24 | — | $253.5M |
自由现金流率DOCVRSN
| Q4 25 | 49.6% | 67.0% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 47.5% | ||
| Q1 25 | — | 71.0% | ||
| Q4 24 | 47.8% | 56.1% | ||
| Q3 24 | — | 63.4% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 66.0% |
资本支出强度DOCVRSN
| Q4 25 | 124.4% | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | 105.6% | 2.4% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.0% |
现金转化率DOCVRSN
| Q4 25 | 10.99× | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 11.48× | 0.98× | ||
| Q1 25 | 6.52× | 1.46× | ||
| Q4 24 | 235.43× | 1.21× | ||
| Q3 24 | 3.71× | 1.26× | ||
| Q2 24 | 2.17× | 0.81× | ||
| Q1 24 | 22.85× | 1.33× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
