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Healthpeak Properties（DOC）与Zoom Communications, Inc.（ZM）财务数据对比。点击上方公司名可切换其他公司
Zoom Communications, Inc.的季度营收约是Healthpeak Properties的1.7倍（$1.2B vs $719.4M），Healthpeak Properties净利率更高（73.2% vs 49.8%，领先23.3%），Zoom Communications, Inc.同比增速更快（4.4% vs 3.1%），Zoom Communications, Inc.自由现金流更多（$614.3M vs $357.0M），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。
Zoom是总部位于美国加利福尼亚州圣何塞的通信技术企业，旗下核心产品Zoom视频会议软件全球普及度极高，可为企业及个人用户提供高清稳定的远程音视频沟通、线上会议、协同办公等一站式数字化协作解决方案。
DOC vs ZM — 直观对比
营收规模更大
ZM
是对方的1.7倍
$719.4M
营收增速更快
ZM
高出1.4%
3.1%
净利率更高
DOC
高出23.3%
49.8%
自由现金流更多
ZM
多$257.3M
$357.0M
两年增速更快
DOC
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $719.4M | $1.2B |
| 净利润 | $114.0M | $612.9M |
| 毛利率 | — | 77.9% |
| 营业利润率 | 17.4% | 25.2% |
| 净利率 | 73.2% | 49.8% |
| 营收同比 | 3.1% | 4.4% |
| 净利润同比 | 2406.4% | 196.0% |
| 每股收益（稀释后） | $0.16 | $2.01 |
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DOCZM
| Q4 25 | $719.4M | $1.2B | ||
| Q3 25 | $705.9M | $1.2B | ||
| Q2 25 | $694.3M | $1.2B | ||
| Q1 25 | $702.9M | $1.2B | ||
| Q4 24 | $698.0M | $1.2B | ||
| Q3 24 | $700.4M | $1.2B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $606.6M | $1.1B |
净利润DOCZM
| Q4 25 | $114.0M | $612.9M | ||
| Q3 25 | $-117.1M | $358.6M | ||
| Q2 25 | $31.7M | $254.6M | ||
| Q1 25 | $42.8M | $367.9M | ||
| Q4 24 | $4.5M | $207.1M | ||
| Q3 24 | $85.9M | $219.0M | ||
| Q2 24 | $146.0M | $216.3M | ||
| Q1 24 | $6.7M | $298.8M |
毛利率DOCZM
| Q4 25 | — | 77.9% | ||
| Q3 25 | 58.6% | 77.6% | ||
| Q2 25 | 60.2% | 76.3% | ||
| Q1 25 | 61.1% | 75.7% | ||
| Q4 24 | 60.3% | 75.9% | ||
| Q3 24 | 60.0% | 75.5% | ||
| Q2 24 | 60.6% | 76.1% | ||
| Q1 24 | 59.8% | 75.9% |
营业利润率DOCZM
| Q4 25 | 17.4% | 25.2% | ||
| Q3 25 | 9.2% | 26.4% | ||
| Q2 25 | 5.7% | 20.6% | ||
| Q1 25 | 7.7% | 19.0% | ||
| Q4 24 | -2.2% | 15.5% | ||
| Q3 24 | 14.1% | 17.4% | ||
| Q2 24 | 22.3% | 17.8% | ||
| Q1 24 | 3.7% | 14.7% |
净利率DOCZM
| Q4 25 | 73.2% | 49.8% | ||
| Q3 25 | -16.6% | 29.5% | ||
| Q2 25 | 4.6% | 21.7% | ||
| Q1 25 | 6.1% | 31.1% | ||
| Q4 24 | 0.7% | 17.6% | ||
| Q3 24 | 12.3% | 18.8% | ||
| Q2 24 | 21.0% | 19.0% | ||
| Q1 24 | 1.1% | 26.1% |
每股收益（稀释后）DOCZM
| Q4 25 | $0.16 | $2.01 | ||
| Q3 25 | $-0.17 | $1.16 | ||
| Q2 25 | $0.05 | $0.81 | ||
| Q1 25 | $0.06 | $1.16 | ||
| Q4 24 | $0.02 | $0.66 | ||
| Q3 24 | $0.12 | $0.70 | ||
| Q2 24 | $0.21 | $0.69 | ||
| Q1 24 | $0.01 | $0.98 |
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 | $1.2B |
| 总债务越低越好 | $9.8B | — |
| 股东权益账面价值 | $7.5B | $9.3B |
| 总资产 | $20.3B | $11.4B |
| 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DOCZM
| Q4 25 | $467.5M | $1.2B | ||
| Q3 25 | $91.0M | $1.2B | ||
| Q2 25 | $89.4M | $1.2B | ||
| Q1 25 | $70.6M | $1.3B | ||
| Q4 24 | $119.8M | $1.3B | ||
| Q3 24 | $180.4M | $1.5B | ||
| Q2 24 | $106.9M | $1.9B | ||
| Q1 24 | $101.8M | $1.6B |
总债务DOCZM
| 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DOCZM
| Q4 25 | $7.5B | $9.3B | ||
| Q3 25 | $7.6B | $9.0B | ||
| Q2 25 | $7.9B | $8.9B | ||
| Q1 25 | $8.2B | $8.9B | ||
| Q4 24 | $8.4B | $8.7B | ||
| Q3 24 | $8.6B | $8.5B | ||
| Q2 24 | $8.8B | $8.3B | ||
| Q1 24 | $8.9B | $8.0B |
总资产DOCZM
| Q4 25 | $20.3B | $11.4B | ||
| Q3 25 | $19.6B | $11.0B | ||
| Q2 25 | $19.8B | $11.0B | ||
| Q1 25 | $19.8B | $11.0B | ||
| Q4 24 | $19.9B | $10.7B | ||
| Q3 24 | $20.0B | $10.5B | ||
| Q2 24 | $20.2B | $10.3B | ||
| Q1 24 | $20.5B | $9.9B |
负债/权益比DOCZM
| 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 | $629.3M |
| 自由现金流经营现金流 - 资本支出 | $357.0M | $614.3M |
| 自由现金流率自由现金流/营收 | 49.6% | 50.0% |
| 资本支出强度资本支出/营收 | 124.4% | 1.2% |
| 现金转化率经营现金流/净利润 | 10.99× | 1.03× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流DOCZM
| Q4 25 | $1.3B | $629.3M | ||
| Q3 25 | $315.0M | $515.9M | ||
| Q2 25 | $363.5M | $489.3M | ||
| Q1 25 | $279.4M | $424.6M | ||
| Q4 24 | $1.1B | $483.2M | ||
| Q3 24 | $318.2M | $449.3M | ||
| Q2 24 | $316.2M | $588.2M | ||
| Q1 24 | $152.6M | $351.2M |
自由现金流DOCZM
| Q4 25 | $357.0M | $614.3M | ||
| Q3 25 | — | $508.0M | ||
| Q2 25 | — | $463.4M | ||
| Q1 25 | — | $416.2M | ||
| Q4 24 | $333.7M | $457.7M | ||
| Q3 24 | — | $365.1M | ||
| Q2 24 | — | $569.7M | ||
| Q1 24 | — | $332.7M |
自由现金流率DOCZM
| Q4 25 | 49.6% | 50.0% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | 47.8% | 38.9% | ||
| Q3 24 | — | 31.4% | ||
| Q2 24 | — | 49.9% | ||
| Q1 24 | — | 29.0% |
资本支出强度DOCZM
| Q4 25 | 124.4% | 1.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 105.6% | 2.2% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.6% |
现金转化率DOCZM
| Q4 25 | 10.99× | 1.03× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | 11.48× | 1.92× | ||
| Q1 25 | 6.52× | 1.15× | ||
| Q4 24 | 235.43× | 2.33× | ||
| Q3 24 | 3.71× | 2.05× | ||
| Q2 24 | 2.17× | 2.72× | ||
| Q1 24 | 22.85× | 1.18× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
