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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and AMN HEALTHCARE SERVICES INC (AMN). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($1.4B vs $564.0M, roughly 2.4× American Healthcare REIT, Inc.). AMN HEALTHCARE SERVICES INC runs the higher net margin — 4.5% vs 1.9%, a 2.6% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (100.0% vs 13.5%). Over the past eight quarters, AMN HEALTHCARE SERVICES INC's revenue compounded faster (36.4% CAGR vs 11.7%).
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...
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
AHR vs AMN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $1.4B |
| Net Profit | $10.8M | $62.2M |
| Gross Margin | 14.8% | 26.8% |
| Operating Margin | 19.8% | 8.5% |
| Net Margin | 1.9% | 4.5% |
| Revenue YoY | 13.5% | 100.0% |
| Net Profit YoY | 133.9% | — |
| EPS (diluted) | $0.07 | $1.59 |
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 | — | $1.4B | ||
| Q4 25 | $564.0M | $748.2M | ||
| Q3 25 | $532.1M | $634.5M | ||
| Q2 25 | $501.3M | $658.2M | ||
| Q1 25 | $497.2M | $689.5M | ||
| Q4 24 | $496.8M | $734.7M | ||
| Q3 24 | $476.8M | $687.5M | ||
| Q2 24 | $458.0M | $740.7M |
| Q1 26 | — | $62.2M | ||
| Q4 25 | $10.8M | $-7.7M | ||
| Q3 25 | $55.9M | $29.3M | ||
| Q2 25 | $9.9M | $-116.2M | ||
| Q1 25 | $-6.8M | $-1.1M | ||
| Q4 24 | $-31.8M | $-187.5M | ||
| Q3 24 | $-4.1M | $7.0M | ||
| Q2 24 | $2.0M | $16.2M |
| Q1 26 | — | 26.8% | ||
| Q4 25 | 14.8% | 26.1% | ||
| Q3 25 | 14.6% | 29.1% | ||
| Q2 25 | 15.0% | 29.8% | ||
| Q1 25 | 13.0% | 28.7% | ||
| Q4 24 | 13.3% | 29.8% | ||
| Q3 24 | 12.5% | 31.0% | ||
| Q2 24 | 12.1% | 31.0% |
| Q1 26 | — | 8.5% | ||
| Q4 25 | 19.8% | 1.1% | ||
| Q3 25 | 19.9% | 7.5% | ||
| Q2 25 | 20.6% | -18.8% | ||
| Q1 25 | 19.0% | 1.8% | ||
| Q4 24 | 20.0% | -27.6% | ||
| Q3 24 | 19.6% | 3.2% | ||
| Q2 24 | 19.4% | 5.1% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 1.9% | -1.0% | ||
| Q3 25 | 10.5% | 4.6% | ||
| Q2 25 | 2.0% | -17.7% | ||
| Q1 25 | -1.4% | -0.2% | ||
| Q4 24 | -6.4% | -25.5% | ||
| Q3 24 | -0.9% | 1.0% | ||
| Q2 24 | 0.4% | 2.2% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.07 | $-0.19 | ||
| Q3 25 | $0.33 | $0.76 | ||
| Q2 25 | $0.06 | $-3.02 | ||
| Q1 25 | $-0.04 | $-0.03 | ||
| Q4 24 | $-0.23 | $-4.90 | ||
| Q3 24 | $-0.03 | $0.18 | ||
| Q2 24 | $0.01 | $0.42 |
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 | $560.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | — |
| Total Assets | $5.4B | $2.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $560.7M | ||
| Q4 25 | $114.8M | $34.0M | ||
| Q3 25 | $147.4M | $52.6M | ||
| Q2 25 | $133.5M | $41.5M | ||
| Q1 25 | $86.1M | $55.8M | ||
| Q4 24 | $76.7M | $10.6M | ||
| Q3 24 | $67.8M | $30.6M | ||
| Q2 24 | $52.1M | $48.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $767.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $642.1M | ||
| Q3 25 | $2.7B | $644.4M | ||
| Q2 25 | $2.4B | $607.6M | ||
| Q1 25 | $2.3B | $715.1M | ||
| Q4 24 | $2.3B | $706.6M | ||
| Q3 24 | $2.2B | $890.7M | ||
| Q2 24 | $1.9B | $876.9M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $5.4B | $2.1B | ||
| Q3 25 | $4.8B | $2.1B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.5B | $2.4B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.7B | $2.7B | ||
| Q2 24 | $4.6B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $562.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.12× | 9.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $562.5M | ||
| Q4 25 | $55.2M | $75.6M | ||
| Q3 25 | $107.2M | $22.7M | ||
| Q2 25 | $71.5M | $78.5M | ||
| Q1 25 | $60.6M | $92.7M | ||
| Q4 24 | $59.5M | $72.8M | ||
| Q3 24 | $63.1M | $66.7M | ||
| Q2 24 | $59.4M | $99.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $68.7M | ||
| Q1 25 | — | $82.7M | ||
| Q4 24 | — | $56.6M | ||
| Q3 24 | — | $47.4M | ||
| Q2 24 | — | $72.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.0% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 12.0% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 9.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 9.04× | ||
| Q4 25 | 5.12× | — | ||
| Q3 25 | 1.92× | 0.77× | ||
| Q2 25 | 7.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 9.54× | ||
| Q2 24 | 30.02× | 6.13× |
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% |
AMN
Segment breakdown not available.
