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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $564.0M, roughly 1.4× American Healthcare REIT, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 1.9%, a 16.3% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs 11.0%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 8.0%).
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...
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
AHR vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $811.7M |
| Net Profit | $10.8M | $148.0M |
| Gross Margin | 14.8% | 81.4% |
| Operating Margin | 19.8% | 22.1% |
| Net Margin | 1.9% | 18.2% |
| Revenue YoY | 13.5% | 11.0% |
| Net Profit YoY | 133.9% | 1.5% |
| EPS (diluted) | $0.07 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $564.0M | $822.5M | ||
| Q3 25 | $532.1M | $810.1M | ||
| Q2 25 | $501.3M | $780.4M | ||
| Q1 25 | $497.2M | $731.1M | ||
| Q4 24 | $496.8M | $766.5M | ||
| Q3 24 | $476.8M | $746.7M | ||
| Q2 24 | $458.0M | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $10.8M | $180.1M | ||
| Q3 25 | $55.9M | $190.5M | ||
| Q2 25 | $9.9M | $189.9M | ||
| Q1 25 | $-6.8M | $145.5M | ||
| Q4 24 | $-31.8M | $166.4M | ||
| Q3 24 | $-4.1M | $165.3M | ||
| Q2 24 | $2.0M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 14.8% | 81.5% | ||
| Q3 25 | 14.6% | 82.2% | ||
| Q2 25 | 15.0% | 81.0% | ||
| Q1 25 | 13.0% | 80.7% | ||
| Q4 24 | 13.3% | 81.7% | ||
| Q3 24 | 12.5% | 80.8% | ||
| Q2 24 | 12.1% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 19.8% | 26.0% | ||
| Q3 25 | 19.9% | 25.4% | ||
| Q2 25 | 20.6% | 25.2% | ||
| Q1 25 | 19.0% | 21.7% | ||
| Q4 24 | 20.0% | 26.8% | ||
| Q3 24 | 19.6% | 25.6% | ||
| Q2 24 | 19.4% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 1.9% | 21.9% | ||
| Q3 25 | 10.5% | 23.5% | ||
| Q2 25 | 2.0% | 24.3% | ||
| Q1 25 | -1.4% | 19.9% | ||
| Q4 24 | -6.4% | 21.7% | ||
| Q3 24 | -0.9% | 22.1% | ||
| Q2 24 | 0.4% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $0.07 | $3.10 | ||
| Q3 25 | $0.33 | $3.25 | ||
| Q2 25 | $0.06 | $3.25 | ||
| Q1 25 | $-0.04 | $2.48 | ||
| Q4 24 | $-0.23 | $2.82 | ||
| Q3 24 | $-0.03 | $2.79 | ||
| Q2 24 | $0.01 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $3.6B |
| Total Assets | $5.4B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $114.8M | $1.2B | ||
| Q3 25 | $147.4M | $1.3B | ||
| Q2 25 | $133.5M | $1.4B | ||
| Q1 25 | $86.1M | $1.3B | ||
| Q4 24 | $76.7M | $1.2B | ||
| Q3 24 | $67.8M | $1.1B | ||
| Q2 24 | $52.1M | $935.6M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.3B | $3.5B | ||
| Q3 25 | $2.7B | $3.6B | ||
| Q2 25 | $2.4B | $3.5B | ||
| Q1 25 | $2.3B | $3.3B | ||
| Q4 24 | $2.3B | $3.2B | ||
| Q3 24 | $2.2B | $3.1B | ||
| Q2 24 | $1.9B | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $5.4B | $6.3B | ||
| Q3 25 | $4.8B | $6.3B | ||
| Q2 25 | $4.5B | $6.1B | ||
| Q1 25 | $4.5B | $5.9B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.7B | $5.6B | ||
| Q2 24 | $4.6B | $5.4B |
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 | $525.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.12× | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $55.2M | $159.2M | ||
| Q3 25 | $107.2M | $208.1M | ||
| Q2 25 | $71.5M | $282.2M | ||
| Q1 25 | $60.6M | $256.6M | ||
| Q4 24 | $59.5M | $202.8M | ||
| Q3 24 | $63.1M | $246.5M | ||
| Q2 24 | $59.4M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $149.5M | ||
| Q3 25 | — | $191.9M | ||
| Q2 25 | — | $273.7M | ||
| Q1 25 | — | $246.1M | ||
| Q4 24 | — | $194.7M | ||
| Q3 24 | — | $240.4M | ||
| Q2 24 | — | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 32.2% | ||
| Q2 24 | — | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 5.12× | 0.88× | ||
| Q3 25 | 1.92× | 1.09× | ||
| Q2 25 | 7.21× | 1.49× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | 30.02× | 1.10× |
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% |
FFIV
Segment breakdown not available.
