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Healthpeak Properties（DOC）与Cactus, Inc.（WHD）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Cactus, Inc.的1.8倍（$702.9M vs $388.3M），Healthpeak Properties净利率更高（51.6% vs 10.4%，领先41.3%），Cactus, Inc.同比增速更快（38.5% vs -6.6%），过去两年Cactus, Inc.的营收复合增速更高（15.6% vs 0.5%）
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。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
DOC vs WHD — 直观对比
营收规模更大
DOC
是对方的1.8倍
$388.3M
营收增速更快
WHD
高出45.2%
-6.6%
净利率更高
DOC
高出41.3%
10.4%
两年增速更快
WHD
近两年复合增速
0.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $388.3M |
| 净利润 | $363.0M | $40.2M |
| 毛利率 | — | — |
| 营业利润率 | 0.7% | 9.9% |
| 净利率 | 51.6% | 10.4% |
| 营收同比 | -6.6% | 38.5% |
| 净利润同比 | 28.3% | -25.7% |
| 每股收益（稀释后） | $0.28 | — |
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DOCWHD
| Q1 26 | $702.9M | $388.3M | ||
| Q4 25 | $719.4M | $261.2M | ||
| Q3 25 | $705.9M | $264.0M | ||
| Q2 25 | $694.3M | $273.6M | ||
| Q1 25 | $702.9M | $280.3M | ||
| Q4 24 | $698.0M | $272.1M | ||
| Q3 24 | $700.4M | $293.2M | ||
| Q2 24 | $695.5M | $290.4M |
净利润DOCWHD
| Q1 26 | $363.0M | $40.2M | ||
| Q4 25 | $114.0M | $39.8M | ||
| Q3 25 | $-117.1M | $41.6M | ||
| Q2 25 | $31.7M | $40.3M | ||
| Q1 25 | $42.8M | $44.2M | ||
| Q4 24 | $4.5M | $46.7M | ||
| Q3 24 | $85.9M | $49.9M | ||
| Q2 24 | $146.0M | $49.8M |
毛利率DOCWHD
| Q1 26 | — | — | ||
| Q4 25 | — | 36.2% | ||
| Q3 25 | 58.6% | 36.8% | ||
| Q2 25 | 60.2% | 36.6% | ||
| Q1 25 | 61.1% | 38.4% | ||
| Q4 24 | 60.3% | 37.8% | ||
| Q3 24 | 60.0% | 39.0% | ||
| Q2 24 | 60.6% | 39.2% |
营业利润率DOCWHD
| Q1 26 | 0.7% | 9.9% | ||
| Q4 25 | 17.4% | 22.9% | ||
| Q3 25 | 9.2% | 23.2% | ||
| Q2 25 | 5.7% | 22.2% | ||
| Q1 25 | 7.7% | 24.5% | ||
| Q4 24 | -2.2% | 25.9% | ||
| Q3 24 | 14.1% | 26.2% | ||
| Q2 24 | 22.3% | 27.5% |
净利率DOCWHD
| Q1 26 | 51.6% | 10.4% | ||
| Q4 25 | 73.2% | 15.3% | ||
| Q3 25 | -16.6% | 15.8% | ||
| Q2 25 | 4.6% | 14.7% | ||
| Q1 25 | 6.1% | 15.8% | ||
| Q4 24 | 0.7% | 17.2% | ||
| Q3 24 | 12.3% | 17.0% | ||
| Q2 24 | 21.0% | 17.2% |
每股收益（稀释后）DOCWHD
| Q1 26 | $0.28 | — | ||
| 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 | — |
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 | $-1.2B | $291.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.8B | $1.4B |
| 总资产 | $21.6B | $2.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCWHD
| Q1 26 | $-1.2B | $291.6M | ||
| Q4 25 | $467.5M | $123.6M | ||
| Q3 25 | $91.0M | $445.6M | ||
| Q2 25 | $89.4M | $405.2M | ||
| Q1 25 | $70.6M | $347.7M | ||
| Q4 24 | $119.8M | $342.8M | ||
| Q3 24 | $180.4M | $303.4M | ||
| Q2 24 | $106.9M | $246.5M |
总债务DOCWHD
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $0 | ||
| Q3 25 | $9.1B | $0 | ||
| Q2 25 | $9.0B | $0 | ||
| Q1 25 | $8.9B | $0 | ||
| Q4 24 | $8.7B | $0 | ||
| Q3 24 | $8.6B | $0 | ||
| Q2 24 | $8.6B | $0 |
股东权益DOCWHD
| Q1 26 | $7.8B | $1.4B | ||
| Q4 25 | $7.5B | $1.2B | ||
| Q3 25 | $7.6B | $1.2B | ||
| Q2 25 | $7.9B | $1.1B | ||
| Q1 25 | $8.2B | $1.1B | ||
| Q4 24 | $8.4B | $1.1B | ||
| Q3 24 | $8.6B | $1.0B | ||
| Q2 24 | $8.8B | $954.7M |
总资产DOCWHD
| Q1 26 | $21.6B | $2.5B | ||
| Q4 25 | $20.3B | $1.9B | ||
| Q3 25 | $19.6B | $1.9B | ||
| Q2 25 | $19.8B | $1.8B | ||
| Q1 25 | $19.8B | $1.8B | ||
| Q4 24 | $19.9B | $1.7B | ||
| Q3 24 | $20.0B | $1.7B | ||
| Q2 24 | $20.2B | $1.6B |
负债/权益比DOCWHD
| Q1 26 | — | — | ||
| Q4 25 | 1.31× | 0.00× | ||
| Q3 25 | 1.20× | 0.00× | ||
| Q2 25 | 1.14× | 0.00× | ||
| Q1 25 | 1.08× | 0.00× | ||
| Q4 24 | 1.04× | 0.00× | ||
| Q3 24 | 1.00× | 0.00× | ||
| Q2 24 | 0.98× | 0.00× |
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 | — | $128.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.4% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 3.19× |
| 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DOCWHD
| Q1 26 | — | $128.3M | ||
| Q4 25 | $1.3B | $72.3M | ||
| Q3 25 | $315.0M | $61.8M | ||
| Q2 25 | $363.5M | $82.8M | ||
| Q1 25 | $279.4M | $41.5M | ||
| Q4 24 | $1.1B | $66.6M | ||
| Q3 24 | $318.2M | $85.3M | ||
| Q2 24 | $316.2M | $78.0M |
自由现金流DOCWHD
| Q1 26 | — | — | ||
| Q4 25 | $357.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $333.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率DOCWHD
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度DOCWHD
| Q1 26 | 3.4% | 2.5% | ||
| Q4 25 | 124.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 105.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率DOCWHD
| Q1 26 | — | 3.19× | ||
| Q4 25 | 10.99× | 1.81× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | 11.48× | 2.05× | ||
| Q1 25 | 6.52× | 0.94× | ||
| Q4 24 | 235.43× | 1.43× | ||
| Q3 24 | 3.71× | 1.71× | ||
| Q2 24 | 2.17× | 1.56× |
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
| Outpatient Medical | $320.5M | 46% |
| Lab | $217.6M | 31% |
| Senior Housing | $148.9M | 21% |
| Other | $14.3M | 2% |
| Corporate Non-segment | $1.5M | 0% |
WHD
| Revenue | $300.2M | 77% |
| Other | $88.2M | 23% |
