vs
Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Allegion (ALLE). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $564.0M, roughly 1.8× American Healthcare REIT, Inc.). Allegion runs the higher net margin — 13.4% vs 1.9%, a 11.5% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs 9.7%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 3.5%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
AHR vs ALLE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $1.0B |
| Net Profit | $10.8M | $138.1M |
| Gross Margin | 14.8% | 44.0% |
| Operating Margin | 19.8% | 18.9% |
| Net Margin | 1.9% | 13.4% |
| Revenue YoY | 13.5% | 9.7% |
| Net Profit YoY | 133.9% | -6.8% |
| EPS (diluted) | $0.07 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $564.0M | $1.0B | ||
| Q3 25 | $532.1M | $1.1B | ||
| Q2 25 | $501.3M | $1.0B | ||
| Q1 25 | $497.2M | $941.9M | ||
| Q4 24 | $496.8M | $945.6M | ||
| Q3 24 | $476.8M | $967.1M | ||
| Q2 24 | $458.0M | $965.6M |
| Q1 26 | — | $138.1M | ||
| Q4 25 | $10.8M | $147.5M | ||
| Q3 25 | $55.9M | $188.4M | ||
| Q2 25 | $9.9M | $159.7M | ||
| Q1 25 | $-6.8M | $148.2M | ||
| Q4 24 | $-31.8M | $144.1M | ||
| Q3 24 | $-4.1M | $174.2M | ||
| Q2 24 | $2.0M | $155.4M |
| Q1 26 | — | 44.0% | ||
| Q4 25 | 14.8% | 44.5% | ||
| Q3 25 | 14.6% | 45.8% | ||
| Q2 25 | 15.0% | 45.6% | ||
| Q1 25 | 13.0% | 44.9% | ||
| Q4 24 | 13.3% | 44.1% | ||
| Q3 24 | 12.5% | 44.7% | ||
| Q2 24 | 12.1% | 44.4% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | 19.8% | 20.3% | ||
| Q3 25 | 19.9% | 21.8% | ||
| Q2 25 | 20.6% | 21.5% | ||
| Q1 25 | 19.0% | 20.9% | ||
| Q4 24 | 20.0% | 19.5% | ||
| Q3 24 | 19.6% | 22.2% | ||
| Q2 24 | 19.4% | 21.6% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 1.9% | 14.3% | ||
| Q3 25 | 10.5% | 17.6% | ||
| Q2 25 | 2.0% | 15.6% | ||
| Q1 25 | -1.4% | 15.7% | ||
| Q4 24 | -6.4% | 15.2% | ||
| Q3 24 | -0.9% | 18.0% | ||
| Q2 24 | 0.4% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.07 | $1.70 | ||
| Q3 25 | $0.33 | $2.18 | ||
| Q2 25 | $0.06 | $1.85 | ||
| Q1 25 | $-0.04 | $1.71 | ||
| Q4 24 | $-0.23 | $1.65 | ||
| Q3 24 | $-0.03 | $1.99 | ||
| Q2 24 | $0.01 | $1.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $114.8M | $308.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $3.3B | $2.1B |
| Total Assets | $5.4B | $5.3B |
| Debt / EquityLower = less leverage | — | 0.97× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $308.9M | ||
| Q4 25 | $114.8M | $356.2M | ||
| Q3 25 | $147.4M | $302.7M | ||
| Q2 25 | $133.5M | $656.8M | ||
| Q1 25 | $86.1M | $494.5M | ||
| Q4 24 | $76.7M | $503.8M | ||
| Q3 24 | $67.8M | $878.9M | ||
| Q2 24 | $52.1M | $747.5M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $1.9B | $1.4B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $5.4B | $5.2B | ||
| Q3 25 | $4.8B | $5.2B | ||
| Q2 25 | $4.5B | $4.9B | ||
| Q1 25 | $4.5B | $4.6B | ||
| Q4 24 | $4.5B | $4.5B | ||
| Q3 24 | $4.7B | $5.0B | ||
| Q2 24 | $4.6B | $4.8B |
| Q1 26 | — | 0.97× | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 1.53× | ||
| Q2 24 | — | 1.69× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.2M | $101.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 5.12× | 0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $101.3M | ||
| Q4 25 | $55.2M | $240.1M | ||
| Q3 25 | $107.2M | $229.5M | ||
| Q2 25 | $71.5M | $209.7M | ||
| Q1 25 | $60.6M | $104.5M | ||
| Q4 24 | $59.5M | $219.0M | ||
| Q3 24 | $63.1M | $231.9M | ||
| Q2 24 | $59.4M | $173.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $200.5M | ||
| Q3 25 | — | $209.8M | ||
| Q2 25 | — | $192.0M | ||
| Q1 25 | — | $83.4M | ||
| Q4 24 | — | $194.9M | ||
| Q3 24 | — | $212.0M | ||
| Q2 24 | — | $152.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 15.8% |
| Q1 26 | — | 2.0% | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | 0.73× | ||
| Q4 25 | 5.12× | 1.63× | ||
| Q3 25 | 1.92× | 1.22× | ||
| Q2 25 | 7.21× | 1.31× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 30.02× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
