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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Brookfield Infrastructure Corp (BIPC). Click either name above to swap in a different company.
Brookfield Infrastructure Corp is the larger business by last-quarter revenue ($866.0M vs $564.0M, roughly 1.5× American Healthcare REIT, Inc.). American Healthcare REIT, Inc. runs the higher net margin — 1.9% vs -35.7%, a 37.6% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs -4.6%).
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...
Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.
AHR vs BIPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $866.0M |
| Net Profit | $10.8M | $-309.0M |
| Gross Margin | 14.8% | 65.0% |
| Operating Margin | 19.8% | 62.7% |
| Net Margin | 1.9% | -35.7% |
| Revenue YoY | 13.5% | -4.6% |
| Net Profit YoY | 133.9% | -148.1% |
| 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.
| Q4 25 | $564.0M | — | ||
| Q3 25 | $532.1M | — | ||
| Q2 25 | $501.3M | $866.0M | ||
| Q1 25 | $497.2M | — | ||
| Q4 24 | $496.8M | — | ||
| Q3 24 | $476.8M | — | ||
| Q2 24 | $458.0M | $908.0M | ||
| Q1 24 | $452.1M | — |
| Q4 25 | $10.8M | — | ||
| Q3 25 | $55.9M | — | ||
| Q2 25 | $9.9M | $-309.0M | ||
| Q1 25 | $-6.8M | — | ||
| Q4 24 | $-31.8M | — | ||
| Q3 24 | $-4.1M | — | ||
| Q2 24 | $2.0M | $643.0M | ||
| Q1 24 | $-3.9M | — |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | 65.0% | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | 63.8% | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 19.8% | — | ||
| Q3 25 | 19.9% | — | ||
| Q2 25 | 20.6% | 62.7% | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | 19.4% | 61.9% | ||
| Q1 24 | 18.2% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 2.0% | -35.7% | ||
| Q1 25 | -1.4% | — | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | -0.9% | — | ||
| Q2 24 | 0.4% | 70.8% | ||
| Q1 24 | -0.9% | — |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.23 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.04 | — |
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 | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $2.2B |
| Total Assets | $5.4B | $23.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | — | ||
| Q3 25 | $147.4M | — | ||
| Q2 25 | $133.5M | $1.2B | ||
| Q1 25 | $86.1M | — | ||
| Q4 24 | $76.7M | — | ||
| Q3 24 | $67.8M | — | ||
| Q2 24 | $52.1M | $466.0M | ||
| Q1 24 | $77.0M | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.4B | $2.2B | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | $3.5B | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $5.4B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.5B | $23.9B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | $4.6B | $23.7B | ||
| Q1 24 | $4.7B | — |
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 | $478.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.12× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | — | ||
| Q3 25 | $107.2M | — | ||
| Q2 25 | $71.5M | $478.0M | ||
| Q1 25 | $60.6M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $63.1M | — | ||
| Q2 24 | $59.4M | $511.0M | ||
| Q1 24 | $-6.0M | — |
| Q4 25 | 5.12× | — | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 7.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 30.02× | 0.79× | ||
| Q1 24 | — | — |
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% |
BIPC
Segment breakdown not available.
