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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Koppers Holdings Inc. (KOP). 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 $432.7M, roughly 1.3× Koppers Holdings Inc.). Koppers Holdings Inc. runs the higher net margin — 6.9% vs 1.9%, a 5.0% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs -9.3%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs -6.7%).
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...
Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.
AHR vs KOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $432.7M |
| Net Profit | $10.8M | $29.7M |
| Gross Margin | 14.8% | 25.6% |
| Operating Margin | 19.8% | 11.5% |
| Net Margin | 1.9% | 6.9% |
| Revenue YoY | 13.5% | -9.3% |
| Net Profit YoY | 133.9% | 391.2% |
| EPS (diluted) | $0.07 | $1.44 |
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 | $432.7M | ||
| Q3 25 | $532.1M | $485.3M | ||
| Q2 25 | $501.3M | $504.8M | ||
| Q1 25 | $497.2M | $456.5M | ||
| Q4 24 | $496.8M | $477.0M | ||
| Q3 24 | $476.8M | $554.3M | ||
| Q2 24 | $458.0M | $563.2M | ||
| Q1 24 | $452.1M | $497.6M |
| Q4 25 | $10.8M | $29.7M | ||
| Q3 25 | $55.9M | $23.8M | ||
| Q2 25 | $9.9M | $16.4M | ||
| Q1 25 | $-6.8M | $-13.9M | ||
| Q4 24 | $-31.8M | $-10.2M | ||
| Q3 24 | $-4.1M | $22.8M | ||
| Q2 24 | $2.0M | $26.8M | ||
| Q1 24 | $-3.9M | $13.0M |
| Q4 25 | 14.8% | 25.6% | ||
| Q3 25 | 14.6% | 24.1% | ||
| Q2 25 | 15.0% | 22.6% | ||
| Q1 25 | 13.0% | 23.2% | ||
| Q4 24 | 13.3% | 17.5% | ||
| Q3 24 | 12.5% | 21.9% | ||
| Q2 24 | 12.1% | 21.6% | ||
| Q1 24 | 10.7% | 19.3% |
| Q4 25 | 19.8% | 11.5% | ||
| Q3 25 | 19.9% | 10.7% | ||
| Q2 25 | 20.6% | 7.7% | ||
| Q1 25 | 19.0% | 5.9% | ||
| Q4 24 | 20.0% | 1.3% | ||
| Q3 24 | 19.6% | 9.0% | ||
| Q2 24 | 19.4% | 10.2% | ||
| Q1 24 | 18.2% | 7.0% |
| Q4 25 | 1.9% | 6.9% | ||
| Q3 25 | 10.5% | 4.9% | ||
| Q2 25 | 2.0% | 3.2% | ||
| Q1 25 | -1.4% | -3.0% | ||
| Q4 24 | -6.4% | -2.1% | ||
| Q3 24 | -0.9% | 4.1% | ||
| Q2 24 | 0.4% | 4.8% | ||
| Q1 24 | -0.9% | 2.6% |
| Q4 25 | $0.07 | $1.44 | ||
| Q3 25 | $0.33 | $1.17 | ||
| Q2 25 | $0.06 | $0.81 | ||
| Q1 25 | $-0.04 | $-0.68 | ||
| Q4 24 | $-0.23 | $-0.47 | ||
| Q3 24 | $-0.03 | $1.09 | ||
| Q2 24 | $0.01 | $1.25 | ||
| Q1 24 | $-0.04 | $0.59 |
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 | — |
| Total DebtLower is stronger | — | $928.3M |
| Stockholders' EquityBook value | $3.3B | $574.0M |
| Total Assets | $5.4B | $1.9B |
| Debt / EquityLower = less leverage | — | 1.62× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | — | ||
| Q3 25 | $147.4M | — | ||
| Q2 25 | $133.5M | — | ||
| Q1 25 | $86.1M | — | ||
| Q4 24 | $76.7M | — | ||
| Q3 24 | $67.8M | — | ||
| Q2 24 | $52.1M | — | ||
| Q1 24 | $77.0M | — |
| Q4 25 | — | $928.3M | ||
| Q3 25 | — | $932.9M | ||
| Q2 25 | — | $977.5M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $939.5M | ||
| Q3 24 | — | $989.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $877.6M |
| Q4 25 | $3.3B | $574.0M | ||
| Q3 25 | $2.7B | $545.6M | ||
| Q2 25 | $2.4B | $526.8M | ||
| Q1 25 | $2.3B | $498.0M | ||
| Q4 24 | $2.3B | $488.7M | ||
| Q3 24 | $2.2B | $532.3M | ||
| Q2 24 | $1.9B | $509.2M | ||
| Q1 24 | $2.0B | $505.8M |
| Q4 25 | $5.4B | $1.9B | ||
| Q3 25 | $4.8B | $1.9B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.5B | $1.9B | ||
| Q4 24 | $4.5B | $1.9B | ||
| Q3 24 | $4.7B | $2.0B | ||
| Q2 24 | $4.6B | $1.9B | ||
| Q1 24 | $4.7B | $1.8B |
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.97× | ||
| Q1 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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $28.5M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 5.12× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $67.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $45.1M | ||
| Q3 25 | $107.2M | $49.6M | ||
| Q2 25 | $71.5M | $50.5M | ||
| Q1 25 | $60.6M | $-22.7M | ||
| Q4 24 | $59.5M | $74.7M | ||
| Q3 24 | $63.1M | $29.8M | ||
| Q2 24 | $59.4M | $27.2M | ||
| Q1 24 | $-6.0M | $-12.3M |
| Q4 25 | — | $28.5M | ||
| Q3 25 | — | $37.6M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $-37.0M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $-38.6M |
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | -7.8% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | 5.12× | 1.52× | ||
| Q3 25 | 1.92× | 2.08× | ||
| Q2 25 | 7.21× | 3.08× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 30.02× | 1.01× | ||
| Q1 24 | — | -0.95× |
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% |
KOP
| Other | $127.8M | 30% |
| Railroad Treated Products | $119.0M | 28% |
| Utility Poles | $79.8M | 18% |
| Pitch And Related Products | $74.1M | 17% |
| Carbon Black Feedstock And Distillates | $14.4M | 3% |
| Railroad Infrastructure Products And Services | $9.9M | 2% |
| Phthalic Anhydride Naphthalene And Other Chemicals | $7.7M | 2% |
