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Helmerich & Payne, Inc.（HP）与Ventas（VTR）财务数据对比。点击上方公司名可切换其他公司
Ventas的季度营收约是Helmerich & Payne, Inc.的1.7倍（$1.7B vs $981.1M），Ventas净利率更高（3.6% vs -9.9%，领先13.4%），Helmerich & Payne, Inc.同比增速更快（45.4% vs 22.0%），过去两年Helmerich & Payne, Inc.的营收复合增速更高（19.7% vs 17.5%）
Helmerich & Payne（简称H&P）是总部位于美国俄克拉荷马州塔尔萨的跨国石油钻探承包商，为油气勘探开发企业提供钻井及相关配套服务。公司1998年推出的FlexRigs系列钻井平台广泛应用于非常规页岩地层钻探作业，是全球最大的陆上钻探服务商之一。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
HP vs VTR — 直观对比
营收规模更大
VTR
是对方的1.7倍
$981.1M
营收增速更快
HP
高出23.4%
22.0%
净利率更高
VTR
高出13.4%
-9.9%
两年增速更快
HP
近两年复合增速
17.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $981.1M | $1.7B |
| 净利润 | $-96.7M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | -6.1% | — |
| 净利率 | -9.9% | 3.6% |
| 营收同比 | 45.4% | 22.0% |
| 净利润同比 | -276.6% | 19.0% |
| 每股收益（稀释后） | $-0.98 | — |
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HPVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $981.1M | $1.6B | ||
| Q3 25 | $953.8M | $1.5B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $674.6M | $1.3B | ||
| Q3 24 | $691.3M | $1.2B | ||
| Q2 24 | $695.1M | $1.2B |
净利润HPVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $-96.7M | $73.0M | ||
| Q3 25 | $-57.4M | $68.7M | ||
| Q2 25 | $-162.8M | $71.5M | ||
| Q1 25 | $1.7M | $48.4M | ||
| Q4 24 | $54.8M | $58.7M | ||
| Q3 24 | $75.5M | $21.0M | ||
| Q2 24 | $88.7M | $21.2M |
营业利润率HPVTR
| Q1 26 | — | — | ||
| Q4 25 | -6.1% | 4.9% | ||
| Q3 25 | -0.1% | 3.0% | ||
| Q2 25 | -12.4% | 3.0% | ||
| Q1 25 | 4.2% | 3.0% | ||
| Q4 24 | 13.3% | -0.0% | ||
| Q3 24 | 15.4% | 1.5% | ||
| Q2 24 | 16.0% | -1.6% |
净利率HPVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | -9.9% | 4.7% | ||
| Q3 25 | -6.0% | 4.6% | ||
| Q2 25 | -15.7% | 5.0% | ||
| Q1 25 | 0.2% | 3.6% | ||
| Q4 24 | 8.1% | 4.6% | ||
| Q3 24 | 10.9% | 1.7% | ||
| Q2 24 | 12.8% | 1.8% |
每股收益（稀释后）HPVTR
| Q1 26 | — | — | ||
| Q4 25 | $-0.98 | $0.15 | ||
| Q3 25 | $-0.57 | $0.14 | ||
| Q2 25 | $-1.64 | $0.15 | ||
| Q1 25 | $0.01 | $0.10 | ||
| Q4 24 | $0.54 | $0.13 | ||
| Q3 24 | $0.77 | $0.05 | ||
| Q2 24 | $0.88 | $0.05 |
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 | $269.0M | $183.6M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.7B | $13.2B |
| 总资产 | $6.5B | $27.7B |
| 负债/权益比越低杠杆越低 | 0.75× | — |
8季度趋势，按日历期对齐
现金及短期投资HPVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $269.0M | $741.1M | ||
| Q3 25 | $218.3M | $188.6M | ||
| Q2 25 | $187.4M | $614.2M | ||
| Q1 25 | $195.6M | $182.3M | ||
| Q4 24 | $526.5M | $897.9M | ||
| Q3 24 | $510.3M | $1.1B | ||
| Q2 24 | $289.7M | $557.1M |
总债务HPVTR
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $13.0B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | — | $13.5B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | — | — |
股东权益HPVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $2.7B | $12.5B | ||
| Q3 25 | $2.8B | $12.4B | ||
| Q2 25 | $2.9B | $11.5B | ||
| Q1 25 | $3.1B | $11.5B | ||
| Q4 24 | $2.9B | $10.8B | ||
| Q3 24 | $2.9B | $9.8B | ||
| Q2 24 | $2.9B | $9.6B |
总资产HPVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $6.5B | $27.6B | ||
| Q3 25 | $6.7B | $26.9B | ||
| Q2 25 | $6.9B | $26.5B | ||
| Q1 25 | $7.2B | $26.0B | ||
| Q4 24 | $5.8B | $26.2B | ||
| Q3 24 | $5.8B | $25.3B | ||
| Q2 24 | $4.5B | $24.5B |
负债/权益比HPVTR
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.04× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | — | — |
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 | $182.4M | — |
| 自由现金流经营现金流 - 资本支出 | $114.9M | — |
| 自由现金流率自由现金流/营收 | 11.7% | — |
| 资本支出强度资本支出/营收 | 6.9% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $179.6M | — |
8季度趋势，按日历期对齐
经营现金流HPVTR
| Q1 26 | — | — | ||
| Q4 25 | $182.4M | $471.7M | ||
| Q3 25 | $206.9M | $378.6M | ||
| Q2 25 | $121.6M | $475.3M | ||
| Q1 25 | $56.0M | $321.1M | ||
| Q4 24 | $158.4M | $373.6M | ||
| Q3 24 | $168.8M | $353.7M | ||
| Q2 24 | $197.4M | $335.9M |
自由现金流HPVTR
| Q1 26 | — | — | ||
| Q4 25 | $114.9M | — | ||
| Q3 25 | $142.8M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-102.7M | — | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $62.8M | — | ||
| Q2 24 | $63.0M | — |
自由现金流率HPVTR
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | -10.1% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 9.1% | — |
资本支出强度HPVTR
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 15.3% | — | ||
| Q2 24 | 19.3% | — |
现金转化率HPVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 6.46× | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | 6.65× | ||
| Q1 25 | 33.89× | 6.64× | ||
| Q4 24 | 2.89× | 6.36× | ||
| Q3 24 | 2.24× | 16.84× | ||
| Q2 24 | 2.23× | 15.87× |
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
HP
| North America Solutions | $563.6M | 57% |
| International Solutions Segment | $229.3M | 23% |
| Offshore Solutions | $188.3M | 19% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
