vs
Healthpeak Properties（DOC）与WERNER ENTERPRISES INC（WERN）财务数据对比。点击上方公司名可切换其他公司
WERNER ENTERPRISES INC的季度营收约是Healthpeak Properties的1.1倍（$808.6M vs $719.4M），Healthpeak Properties净利率更高（73.2% vs -0.5%，领先73.7%），WERNER ENTERPRISES INC同比增速更快（13.6% vs 3.1%），过去两年Healthpeak Properties的营收复合增速更高（8.9% vs 4.3%）
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。
沃纳企业是美国知名运输物流服务商，业务覆盖美国、墨西哥与加拿大市场。2023年该公司营收达32.8亿美元，旗下员工及签约承包商总规模超1.4万人，在北美跨境物流、干线运输领域具备成熟的服务能力与行业影响力。
DOC vs WERN — 直观对比
营收规模更大
WERN
是对方的1.1倍
$719.4M
营收增速更快
WERN
高出10.5%
3.1%
净利率更高
DOC
高出73.7%
-0.5%
两年增速更快
DOC
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $808.6M |
| 净利润 | $114.0M | $-4.3M |
| 毛利率 | — | — |
| 营业利润率 | 17.4% | — |
| 净利率 | 73.2% | -0.5% |
| 营收同比 | 3.1% | 13.6% |
| 净利润同比 | 2406.4% | 57.8% |
| 每股收益（稀释后） | $0.16 | $-0.07 |
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DOCWERN
| Q1 26 | — | $808.6M | ||
| Q4 25 | $719.4M | $719.9M | ||
| Q3 25 | $705.9M | $752.2M | ||
| Q2 25 | $694.3M | $734.1M | ||
| Q1 25 | $702.9M | $693.4M | ||
| Q4 24 | $698.0M | $736.6M | ||
| Q3 24 | $700.4M | $726.3M | ||
| Q2 24 | $695.5M | $742.7M |
净利润DOCWERN
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $114.0M | $-27.8M | ||
| Q3 25 | $-117.1M | $-20.6M | ||
| Q2 25 | $31.7M | $44.1M | ||
| Q1 25 | $42.8M | $-10.1M | ||
| Q4 24 | $4.5M | $11.9M | ||
| Q3 24 | $85.9M | $6.6M | ||
| Q2 24 | $146.0M | $9.5M |
毛利率DOCWERN
| 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% | — |
营业利润率DOCWERN
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | -5.0% | ||
| Q3 25 | 9.2% | -1.7% | ||
| Q2 25 | 5.7% | 9.0% | ||
| Q1 25 | 7.7% | -0.8% | ||
| Q4 24 | -2.2% | 1.8% | ||
| Q3 24 | 14.1% | 2.4% | ||
| Q2 24 | 22.3% | 2.6% |
净利率DOCWERN
| Q1 26 | — | -0.5% | ||
| Q4 25 | 73.2% | -3.9% | ||
| Q3 25 | -16.6% | -2.7% | ||
| Q2 25 | 4.6% | 6.0% | ||
| Q1 25 | 6.1% | -1.5% | ||
| Q4 24 | 0.7% | 1.6% | ||
| Q3 24 | 12.3% | 0.9% | ||
| Q2 24 | 21.0% | 1.3% |
每股收益（稀释后）DOCWERN
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.16 | $-0.46 | ||
| Q3 25 | $-0.17 | $-0.34 | ||
| Q2 25 | $0.05 | $0.72 | ||
| Q1 25 | $0.06 | $-0.16 | ||
| Q4 24 | $0.02 | $0.19 | ||
| Q3 24 | $0.12 | $0.11 | ||
| Q2 24 | $0.21 | $0.15 |
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 | $61.5M |
| 总债务越低越好 | $9.8B | $878.2M |
| 股东权益账面价值 | $7.5B | $1.4B |
| 总资产 | $20.3B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.31× | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DOCWERN
| Q1 26 | — | $61.5M | ||
| Q4 25 | $467.5M | $59.9M | ||
| Q3 25 | $91.0M | $51.0M | ||
| Q2 25 | $89.4M | $51.4M | ||
| Q1 25 | $70.6M | $52.0M | ||
| Q4 24 | $119.8M | $40.8M | ||
| Q3 24 | $180.4M | $54.7M | ||
| Q2 24 | $106.9M | $70.4M |
总债务DOCWERN
| Q1 26 | — | $878.2M | ||
| Q4 25 | $9.8B | $752.0M | ||
| Q3 25 | $9.1B | $725.0M | ||
| Q2 25 | $9.0B | $725.0M | ||
| Q1 25 | $8.9B | $640.0M | ||
| Q4 24 | $8.7B | $650.0M | ||
| Q3 24 | $8.6B | $690.0M | ||
| Q2 24 | $8.6B | $670.0M |
股东权益DOCWERN
| Q1 26 | — | $1.4B | ||
| Q4 25 | $7.5B | $1.4B | ||
| Q3 25 | $7.6B | $1.4B | ||
| Q2 25 | $7.9B | $1.4B | ||
| Q1 25 | $8.2B | $1.4B | ||
| Q4 24 | $8.4B | $1.5B | ||
| Q3 24 | $8.6B | $1.4B | ||
| Q2 24 | $8.8B | $1.5B |
总资产DOCWERN
| Q1 26 | — | $3.3B | ||
| Q4 25 | $20.3B | $2.9B | ||
| Q3 25 | $19.6B | $3.0B | ||
| Q2 25 | $19.8B | $2.9B | ||
| Q1 25 | $19.8B | $3.0B | ||
| Q4 24 | $19.9B | $3.1B | ||
| Q3 24 | $20.0B | $3.1B | ||
| Q2 24 | $20.2B | $3.1B |
负债/权益比DOCWERN
| Q1 26 | — | 0.65× | ||
| Q4 25 | 1.31× | 0.55× | ||
| Q3 25 | 1.20× | 0.52× | ||
| Q2 25 | 1.14× | 0.51× | ||
| Q1 25 | 1.08× | 0.45× | ||
| Q4 24 | 1.04× | 0.45× | ||
| Q3 24 | 1.00× | 0.48× | ||
| Q2 24 | 0.98× | 0.46× |
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 | — |
| 自由现金流率自由现金流/营收 | 49.6% | — |
| 资本支出强度资本支出/营收 | 124.4% | 0.2% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DOCWERN
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $62.3M | ||
| Q3 25 | $315.0M | $44.1M | ||
| Q2 25 | $363.5M | $46.0M | ||
| Q1 25 | $279.4M | $29.4M | ||
| Q4 24 | $1.1B | $71.0M | ||
| Q3 24 | $318.2M | $61.0M | ||
| Q2 24 | $316.2M | $109.1M |
自由现金流DOCWERN
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | $-23.5M | ||
| Q3 25 | — | $-8.6M | ||
| Q2 25 | — | $-42.3M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | $333.7M | $-9.8M | ||
| Q3 24 | — | $-73.4M | ||
| Q2 24 | — | $-31.2M |
自由现金流率DOCWERN
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | -3.3% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | -5.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | 47.8% | -1.3% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -4.2% |
资本支出强度DOCWERN
| Q1 26 | — | 0.2% | ||
| Q4 25 | 124.4% | 11.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 12.0% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | 105.6% | 11.0% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 18.9% |
现金转化率DOCWERN
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.48× | 1.04× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | 235.43× | 5.97× | ||
| Q3 24 | 3.71× | 9.30× | ||
| Q2 24 | 2.17× | 11.52× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
