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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Clearwater Paper Corp (CLW). 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 $360.3M, roughly 1.6× Clearwater Paper Corp). 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, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs -4.7%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 2.3%).
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...
Clearwater Paper Corporation is an American pulp and paperboard manufacturer. The company was created on December 9, 2008, via a spin-off from Potlatch Corporation and is headquartered in Spokane, Washington.
AHR vs CLW — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $564.0M | $360.3M |
| Net Profit | $10.8M | $-12.8M |
| Gross Margin | 14.8% | -0.2% |
| Operating Margin | 19.8% | — |
| Net Margin | 1.9% | -3.6% |
| Revenue YoY | 13.5% | -4.7% |
| Net Profit YoY | 133.9% | -103.2% |
| 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 | — | $360.3M | ||
| Q4 25 | $564.0M | $386.4M | ||
| Q3 25 | $532.1M | $399.0M | ||
| Q2 25 | $501.3M | $391.8M | ||
| Q1 25 | $497.2M | $378.2M | ||
| Q4 24 | $496.8M | $387.1M | ||
| Q3 24 | $476.8M | $393.3M | ||
| Q2 24 | $458.0M | $344.4M |
| Q1 26 | — | $-12.8M | ||
| Q4 25 | $10.8M | $38.3M | ||
| Q3 25 | $55.9M | $-53.3M | ||
| Q2 25 | $9.9M | $2.7M | ||
| Q1 25 | $-6.8M | $-6.3M | ||
| Q4 24 | $-31.8M | $199.1M | ||
| Q3 24 | $-4.1M | $5.8M | ||
| Q2 24 | $2.0M | $-25.8M |
| Q1 26 | — | -0.2% | ||
| Q4 25 | 14.8% | 4.5% | ||
| Q3 25 | 14.6% | 4.7% | ||
| Q2 25 | 15.0% | 11.0% | ||
| Q1 25 | 13.0% | 9.7% | ||
| Q4 24 | 13.3% | 3.8% | ||
| Q3 24 | 12.5% | 7.7% | ||
| Q2 24 | 12.1% | -0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | 1.9% | ||
| Q3 25 | 19.9% | -13.9% | ||
| Q2 25 | 20.6% | 2.5% | ||
| Q1 25 | 19.0% | -1.1% | ||
| Q4 24 | 20.0% | -4.0% | ||
| Q3 24 | 19.6% | -0.3% | ||
| Q2 24 | 19.4% | -13.6% |
| Q1 26 | — | -3.6% | ||
| Q4 25 | 1.9% | 9.9% | ||
| Q3 25 | 10.5% | -13.4% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | -1.4% | -1.7% | ||
| Q4 24 | -6.4% | 51.4% | ||
| Q3 24 | -0.9% | 1.5% | ||
| Q2 24 | 0.4% | -7.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.07 | $2.36 | ||
| Q3 25 | $0.33 | $-3.30 | ||
| Q2 25 | $0.06 | $0.17 | ||
| Q1 25 | $-0.04 | $-0.38 | ||
| Q4 24 | $-0.23 | $11.87 | ||
| Q3 24 | $-0.03 | $0.35 | ||
| Q2 24 | $0.01 | $-1.55 |
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 | $36.5M |
| Total DebtLower is stronger | — | $361.1M |
| Stockholders' EquityBook value | $3.3B | $813.8M |
| Total Assets | $5.4B | $1.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $36.5M | ||
| Q4 25 | $114.8M | $30.7M | ||
| Q3 25 | $147.4M | $34.4M | ||
| Q2 25 | $133.5M | $46.7M | ||
| Q1 25 | $86.1M | $44.0M | ||
| Q4 24 | $76.7M | $79.6M | ||
| Q3 24 | $67.8M | $35.5M | ||
| Q2 24 | $52.1M | $39.6M |
| Q1 26 | — | $361.1M | ||
| Q4 25 | — | $346.8M | ||
| Q3 25 | — | $337.0M | ||
| Q2 25 | — | $330.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $283.4M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | $813.8M | ||
| Q4 25 | $3.3B | $825.3M | ||
| Q3 25 | $2.7B | $783.0M | ||
| Q2 25 | $2.4B | $836.8M | ||
| Q1 25 | $2.3B | $836.6M | ||
| Q4 24 | $2.3B | $854.6M | ||
| Q3 24 | $2.2B | $664.6M | ||
| Q2 24 | $1.9B | $658.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $5.4B | $1.6B | ||
| Q3 25 | $4.8B | $1.6B | ||
| Q2 25 | $4.5B | $1.6B | ||
| Q1 25 | $4.5B | $1.6B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.7B | $2.5B | ||
| Q2 24 | $4.6B | $2.5B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.39× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 1.73× | ||
| Q2 24 | — | 1.74× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $55.2M | $5.0M | ||
| Q3 25 | $107.2M | $34.0M | ||
| Q2 25 | $71.5M | $-28.2M | ||
| Q1 25 | $60.6M | $1.5M | ||
| Q4 24 | $59.5M | $-35.1M | ||
| Q3 24 | $63.1M | $16.2M | ||
| Q2 24 | $59.4M | $21.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-9.9M | ||
| Q3 25 | — | $15.7M | ||
| Q2 25 | — | $-51.1M | ||
| Q1 25 | — | $-31.2M | ||
| Q4 24 | — | $-68.1M | ||
| Q3 24 | — | $-30.8M | ||
| Q2 24 | — | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | -17.6% | ||
| Q3 24 | — | -7.8% | ||
| Q2 24 | — | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 5.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.12× | 0.13× | ||
| Q3 25 | 1.92× | — | ||
| Q2 25 | 7.21× | -10.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.18× | ||
| Q3 24 | — | 2.79× | ||
| Q2 24 | 30.02× | — |
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% |
CLW
Segment breakdown not available.