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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and AeroVironment Inc (AVAV). Click either name above to swap in a different company.
American Healthcare REIT, Inc. is the larger business by last-quarter revenue ($564.0M vs $472.5M, roughly 1.2× AeroVironment Inc). American Healthcare REIT, Inc. runs the higher net margin — 1.9% vs -3.6%, a 5.5% gap on every dollar of revenue. On growth, AeroVironment Inc posted the faster year-over-year revenue change (181.9% vs 13.5%). Over the past eight quarters, AeroVironment Inc's revenue compounded faster (59.1% 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...
AeroVironment, Inc., also known as AV, is an American defense technology company headquartered in Arlington, Virginia that designs and manufactures autonomous systems, counter-UAS systems, and space systems. The company was founded in 1971 by Paul B. MacCready Jr., a designer of human-powered aircraft. The company provides the US Department of Defense and foreign militaries with small and medium-sized drones—notably the Raven, Switchblade, Wasp, and Puma. Through its acquisition of BlueHalo i...
AHR vs AVAV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $472.5M |
| Net Profit | $10.8M | $-17.1M |
| Gross Margin | 14.8% | 22.0% |
| Operating Margin | 19.8% | -6.4% |
| Net Margin | 1.9% | -3.6% |
| Revenue YoY | 13.5% | 181.9% |
| Net Profit YoY | 133.9% | -875.1% |
| EPS (diluted) | $0.07 | $-0.34 |
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.
| Q4 25 | $564.0M | $472.5M | ||
| Q3 25 | $532.1M | $454.7M | ||
| Q2 25 | $501.3M | $275.1M | ||
| Q1 25 | $497.2M | $167.6M | ||
| Q4 24 | $496.8M | $188.5M | ||
| Q3 24 | $476.8M | $189.5M | ||
| Q2 24 | $458.0M | $197.0M | ||
| Q1 24 | $452.1M | $186.6M |
| Q4 25 | $10.8M | $-17.1M | ||
| Q3 25 | $55.9M | $-67.4M | ||
| Q2 25 | $9.9M | $16.7M | ||
| Q1 25 | $-6.8M | $-1.8M | ||
| Q4 24 | $-31.8M | $7.5M | ||
| Q3 24 | $-4.1M | $21.2M | ||
| Q2 24 | $2.0M | $6.0M | ||
| Q1 24 | $-3.9M | $13.9M |
| Q4 25 | 14.8% | 22.0% | ||
| Q3 25 | 14.6% | 20.9% | ||
| Q2 25 | 15.0% | 36.5% | ||
| Q1 25 | 13.0% | 37.7% | ||
| Q4 24 | 13.3% | 39.1% | ||
| Q3 24 | 12.5% | 43.0% | ||
| Q2 24 | 12.1% | 38.4% | ||
| Q1 24 | 10.7% | 36.1% |
| Q4 25 | 19.8% | -6.4% | ||
| Q3 25 | 19.9% | -15.2% | ||
| Q2 25 | 20.6% | 5.0% | ||
| Q1 25 | 19.0% | -1.8% | ||
| Q4 24 | 20.0% | 3.7% | ||
| Q3 24 | 19.6% | 12.2% | ||
| Q2 24 | 19.4% | 3.0% | ||
| Q1 24 | 18.2% | 7.7% |
| Q4 25 | 1.9% | -3.6% | ||
| Q3 25 | 10.5% | -14.8% | ||
| Q2 25 | 2.0% | 6.1% | ||
| Q1 25 | -1.4% | -1.0% | ||
| Q4 24 | -6.4% | 4.0% | ||
| Q3 24 | -0.9% | 11.2% | ||
| Q2 24 | 0.4% | 3.1% | ||
| Q1 24 | -0.9% | 7.4% |
| Q4 25 | $0.07 | $-0.34 | ||
| Q3 25 | $0.33 | $-1.44 | ||
| Q2 25 | $0.06 | $0.59 | ||
| Q1 25 | $-0.04 | $-0.06 | ||
| Q4 24 | $-0.23 | $0.27 | ||
| Q3 24 | $-0.03 | $0.75 | ||
| Q2 24 | $0.01 | $0.18 | ||
| Q1 24 | $-0.04 | $0.50 |
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 | $588.5M |
| Total DebtLower is stronger | — | $747.5M |
| Stockholders' EquityBook value | $3.3B | $4.4B |
| Total Assets | $5.4B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $588.5M | ||
| Q3 25 | $147.4M | $685.8M | ||
| Q2 25 | $133.5M | $40.9M | ||
| Q1 25 | $86.1M | $47.0M | ||
| Q4 24 | $76.7M | $69.0M | ||
| Q3 24 | $67.8M | $81.2M | ||
| Q2 24 | $52.1M | $73.3M | ||
| Q1 24 | $77.0M | $107.7M |
| Q4 25 | — | $747.5M | ||
| Q3 25 | — | $747.5M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | — | $25.0M | ||
| Q4 24 | — | $15.0M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | — | $28.0M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $2.7B | $4.4B | ||
| Q2 25 | $2.4B | $886.5M | ||
| Q1 25 | $2.3B | $861.1M | ||
| Q4 24 | $2.3B | $858.4M | ||
| Q3 24 | $2.2B | $845.5M | ||
| Q2 24 | $1.9B | $822.7M | ||
| Q1 24 | $2.0B | $813.0M |
| Q4 25 | $5.4B | $5.6B | ||
| Q3 25 | $4.8B | $5.6B | ||
| Q2 25 | $4.5B | $1.1B | ||
| Q1 25 | $4.5B | $1.0B | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.7B | $999.2M | ||
| Q2 24 | $4.6B | $1.0B | ||
| Q1 24 | $4.7B | $980.3M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.05× |
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 | $-45.1M |
| Free Cash FlowOCF − Capex | — | $-55.9M |
| FCF MarginFCF / Revenue | — | -11.8% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 5.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-240.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $-45.1M | ||
| Q3 25 | $107.2M | $-123.7M | ||
| Q2 25 | $71.5M | $-264.0K | ||
| Q1 25 | $60.6M | $-25.8M | ||
| Q4 24 | $59.5M | $-3.6M | ||
| Q3 24 | $63.1M | $28.4M | ||
| Q2 24 | $59.4M | $-11.7M | ||
| Q1 24 | $-6.0M | $52.6M |
| Q4 25 | — | $-55.9M | ||
| Q3 25 | — | $-146.5M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $22.9M | ||
| Q2 24 | — | $-20.8M | ||
| Q1 24 | — | $48.8M |
| Q4 25 | — | -11.8% | ||
| Q3 25 | — | -32.2% | ||
| Q2 25 | — | -3.2% | ||
| Q1 25 | — | -17.7% | ||
| Q4 24 | — | -4.6% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | -10.5% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 5.12× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 7.21× | -0.02× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.48× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | 30.02× | -1.93× | ||
| Q1 24 | — | 3.79× |
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% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
