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Healthpeak Properties（DOC）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
威世的季度营收约是Healthpeak Properties的1.1倍（$800.9M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 0.1%，领先73.1%），威世同比增速更快（12.1% vs 3.1%），Healthpeak Properties自由现金流更多（$357.0M vs $54.6M），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 3.6%）
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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
DOC vs VSH — 直观对比
营收规模更大
VSH
是对方的1.1倍
$719.4M
营收增速更快
VSH
高出9.0%
3.1%
净利率更高
DOC
高出73.1%
0.1%
自由现金流更多
DOC
多$302.4M
$54.6M
两年增速更快
DOC
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $800.9M |
| 净利润 | $114.0M | $986.0K |
| 毛利率 | — | 19.6% |
| 营业利润率 | 17.4% | 1.8% |
| 净利率 | 73.2% | 0.1% |
| 营收同比 | 3.1% | 12.1% |
| 净利润同比 | 2406.4% | 101.5% |
| 每股收益（稀释后） | $0.16 | $0.01 |
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DOCVSH
| Q4 25 | $719.4M | $800.9M | ||
| Q3 25 | $705.9M | $790.6M | ||
| Q2 25 | $694.3M | $762.3M | ||
| Q1 25 | $702.9M | $715.2M | ||
| Q4 24 | $698.0M | $714.7M | ||
| Q3 24 | $700.4M | $735.4M | ||
| Q2 24 | $695.5M | $741.2M | ||
| Q1 24 | $606.6M | $746.3M |
净利润DOCVSH
| Q4 25 | $114.0M | $986.0K | ||
| Q3 25 | $-117.1M | $-7.9M | ||
| Q2 25 | $31.7M | $2.0M | ||
| Q1 25 | $42.8M | $-4.1M | ||
| Q4 24 | $4.5M | $-66.1M | ||
| Q3 24 | $85.9M | $-19.3M | ||
| Q2 24 | $146.0M | $23.5M | ||
| Q1 24 | $6.7M | $30.9M |
毛利率DOCVSH
| Q4 25 | — | 19.6% | ||
| Q3 25 | 58.6% | 19.5% | ||
| Q2 25 | 60.2% | 19.5% | ||
| Q1 25 | 61.1% | 19.0% | ||
| Q4 24 | 60.3% | 19.9% | ||
| Q3 24 | 60.0% | 20.5% | ||
| Q2 24 | 60.6% | 22.0% | ||
| Q1 24 | 59.8% | 22.8% |
营业利润率DOCVSH
| Q4 25 | 17.4% | 1.8% | ||
| Q3 25 | 9.2% | 2.4% | ||
| Q2 25 | 5.7% | 2.9% | ||
| Q1 25 | 7.7% | 0.1% | ||
| Q4 24 | -2.2% | -7.9% | ||
| Q3 24 | 14.1% | -2.5% | ||
| Q2 24 | 22.3% | 5.1% | ||
| Q1 24 | 3.7% | 5.7% |
净利率DOCVSH
| Q4 25 | 73.2% | 0.1% | ||
| Q3 25 | -16.6% | -1.0% | ||
| Q2 25 | 4.6% | 0.3% | ||
| Q1 25 | 6.1% | -0.6% | ||
| Q4 24 | 0.7% | -9.2% | ||
| Q3 24 | 12.3% | -2.6% | ||
| Q2 24 | 21.0% | 3.2% | ||
| Q1 24 | 1.1% | 4.1% |
每股收益（稀释后）DOCVSH
| Q4 25 | $0.16 | $0.01 | ||
| Q3 25 | $-0.17 | $-0.06 | ||
| Q2 25 | $0.05 | $0.01 | ||
| Q1 25 | $0.06 | $-0.03 | ||
| Q4 24 | $0.02 | $-0.48 | ||
| Q3 24 | $0.12 | $-0.14 | ||
| Q2 24 | $0.21 | $0.17 | ||
| Q1 24 | $0.01 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | $9.8B | $950.9M |
| 股东权益账面价值 | $7.5B | $2.1B |
| 总资产 | $20.3B | $4.2B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资DOCVSH
| Q4 25 | $467.5M | $515.0M | ||
| Q3 25 | $91.0M | $443.9M | ||
| Q2 25 | $89.4M | $473.9M | ||
| Q1 25 | $70.6M | $609.4M | ||
| Q4 24 | $119.8M | $590.3M | ||
| Q3 24 | $180.4M | $643.8M | ||
| Q2 24 | $106.9M | $672.7M | ||
| Q1 24 | $101.8M | $796.5M |
总债务DOCVSH
| Q4 25 | $9.8B | $950.9M | ||
| Q3 25 | $9.1B | $919.7M | ||
| Q2 25 | $9.0B | $914.5M | ||
| Q1 25 | $8.9B | $988.2M | ||
| Q4 24 | $8.7B | $905.0M | ||
| Q3 24 | $8.6B | $820.8M | ||
| Q2 24 | $8.6B | $820.6M | ||
| Q1 24 | $8.8B | $819.4M |
股东权益DOCVSH
| Q4 25 | $7.5B | $2.1B | ||
| Q3 25 | $7.6B | $2.1B | ||
| Q2 25 | $7.9B | $2.1B | ||
| Q1 25 | $8.2B | $2.0B | ||
| Q4 24 | $8.4B | $2.0B | ||
| Q3 24 | $8.6B | $2.2B | ||
| Q2 24 | $8.8B | $2.2B | ||
| Q1 24 | $8.9B | $2.2B |
总资产DOCVSH
| Q4 25 | $20.3B | $4.2B | ||
| Q3 25 | $19.6B | $4.2B | ||
| Q2 25 | $19.8B | $4.2B | ||
| Q1 25 | $19.8B | $4.2B | ||
| Q4 24 | $19.9B | $4.1B | ||
| Q3 24 | $20.0B | $4.2B | ||
| Q2 24 | $20.2B | $4.2B | ||
| Q1 24 | $20.5B | $4.3B |
负债/权益比DOCVSH
| Q4 25 | 1.31× | 0.46× | ||
| Q3 25 | 1.20× | 0.44× | ||
| Q2 25 | 1.14× | 0.44× | ||
| Q1 25 | 1.08× | 0.49× | ||
| Q4 24 | 1.04× | 0.45× | ||
| Q3 24 | 1.00× | 0.38× | ||
| Q2 24 | 0.98× | 0.38× | ||
| Q1 24 | 0.99× | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $54.6M |
| 自由现金流率自由现金流/营收 | 49.6% | 6.8% |
| 资本支出强度资本支出/营收 | 124.4% | 11.8% |
| 现金转化率经营现金流/净利润 | 10.99× | 151.48× |
| 过去12个月自由现金流最近4个季度 | — | $-89.0M |
8季度趋势，按日历期对齐
经营现金流DOCVSH
| Q4 25 | $1.3B | $149.4M | ||
| Q3 25 | $315.0M | $27.6M | ||
| Q2 25 | $363.5M | $-8.8M | ||
| Q1 25 | $279.4M | $16.1M | ||
| Q4 24 | $1.1B | $67.7M | ||
| Q3 24 | $318.2M | $50.6M | ||
| Q2 24 | $316.2M | $-24.7M | ||
| Q1 24 | $152.6M | $80.2M |
自由现金流DOCVSH
| Q4 25 | $357.0M | $54.6M | ||
| Q3 25 | — | $-24.7M | ||
| Q2 25 | — | $-73.4M | ||
| Q1 25 | — | $-45.5M | ||
| Q4 24 | $333.7M | $-77.2M | ||
| Q3 24 | — | $-9.0M | ||
| Q2 24 | — | $-87.3M | ||
| Q1 24 | — | $27.1M |
自由现金流率DOCVSH
| Q4 25 | 49.6% | 6.8% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | 47.8% | -10.8% | ||
| Q3 24 | — | -1.2% | ||
| Q2 24 | — | -11.8% | ||
| Q1 24 | — | 3.6% |
资本支出强度DOCVSH
| Q4 25 | 124.4% | 11.8% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | 105.6% | 20.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 7.1% |
现金转化率DOCVSH
| Q4 25 | 10.99× | 151.48× | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | -4.39× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | — | ||
| Q3 24 | 3.71× | — | ||
| Q2 24 | 2.17× | -1.05× | ||
| Q1 24 | 22.85× | 2.59× |
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
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
