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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Monolithic Power Systems (MPWR). Click either name above to swap in a different company.

Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $564.0M, roughly 1.3× American Healthcare REIT, Inc.). Monolithic Power Systems runs the higher net margin — 22.9% vs 1.9%, a 20.9% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 13.5%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% 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...

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

AHR vs MPWR — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.3× larger
MPWR
$751.2M
$564.0M
AHR
Growing faster (revenue YoY)
MPWR
MPWR
+7.3% gap
MPWR
20.8%
13.5%
AHR
Higher net margin
MPWR
MPWR
20.9% more per $
MPWR
22.9%
1.9%
AHR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
28.1%
11.7%
AHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHR
AHR
MPWR
MPWR
Revenue
$564.0M
$751.2M
Net Profit
$10.8M
$171.7M
Gross Margin
14.8%
55.2%
Operating Margin
19.8%
26.6%
Net Margin
1.9%
22.9%
Revenue YoY
13.5%
20.8%
Net Profit YoY
133.9%
-86.3%
EPS (diluted)
$0.07
$3.50

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.

Revenue
AHR
AHR
MPWR
MPWR
Q4 25
$564.0M
$751.2M
Q3 25
$532.1M
$737.2M
Q2 25
$501.3M
$664.6M
Q1 25
$497.2M
$637.6M
Q4 24
$496.8M
$621.7M
Q3 24
$476.8M
$620.1M
Q2 24
$458.0M
$507.4M
Q1 24
$452.1M
$457.9M
Net Profit
AHR
AHR
MPWR
MPWR
Q4 25
$10.8M
$171.7M
Q3 25
$55.9M
$179.8M
Q2 25
$9.9M
$135.0M
Q1 25
$-6.8M
$135.1M
Q4 24
$-31.8M
$1.3B
Q3 24
$-4.1M
$144.4M
Q2 24
$2.0M
$100.4M
Q1 24
$-3.9M
$92.5M
Gross Margin
AHR
AHR
MPWR
MPWR
Q4 25
14.8%
55.2%
Q3 25
14.6%
55.1%
Q2 25
15.0%
55.1%
Q1 25
13.0%
55.4%
Q4 24
13.3%
55.4%
Q3 24
12.5%
55.4%
Q2 24
12.1%
55.3%
Q1 24
10.7%
55.1%
Operating Margin
AHR
AHR
MPWR
MPWR
Q4 25
19.8%
26.6%
Q3 25
19.9%
26.5%
Q2 25
20.6%
24.8%
Q1 25
19.0%
26.5%
Q4 24
20.0%
26.3%
Q3 24
19.6%
26.5%
Q2 24
19.4%
23.0%
Q1 24
18.2%
20.9%
Net Margin
AHR
AHR
MPWR
MPWR
Q4 25
1.9%
22.9%
Q3 25
10.5%
24.4%
Q2 25
2.0%
20.3%
Q1 25
-1.4%
21.2%
Q4 24
-6.4%
201.8%
Q3 24
-0.9%
23.3%
Q2 24
0.4%
19.8%
Q1 24
-0.9%
20.2%
EPS (diluted)
AHR
AHR
MPWR
MPWR
Q4 25
$0.07
$3.50
Q3 25
$0.33
$3.74
Q2 25
$0.06
$2.81
Q1 25
$-0.04
$2.81
Q4 24
$-0.23
$25.71
Q3 24
$-0.03
$2.95
Q2 24
$0.01
$2.05
Q1 24
$-0.04
$1.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHR
AHR
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$114.8M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
$3.5B
Total Assets
$5.4B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHR
AHR
MPWR
MPWR
Q4 25
$114.8M
$1.3B
Q3 25
$147.4M
$1.3B
Q2 25
$133.5M
$1.1B
Q1 25
$86.1M
$1.0B
Q4 24
$76.7M
$862.9M
Q3 24
$67.8M
$1.5B
Q2 24
$52.1M
$1.3B
Q1 24
$77.0M
$1.3B
Stockholders' Equity
AHR
AHR
MPWR
MPWR
Q4 25
$3.3B
$3.5B
Q3 25
$2.7B
$3.4B
Q2 25
$2.4B
$3.2B
Q1 25
$2.3B
$3.1B
Q4 24
$2.3B
$3.0B
Q3 24
$2.2B
$2.4B
Q2 24
$1.9B
$2.2B
Q1 24
$2.0B
$2.1B
Total Assets
AHR
AHR
MPWR
MPWR
Q4 25
$5.4B
$4.2B
Q3 25
$4.8B
$4.1B
Q2 25
$4.5B
$3.9B
Q1 25
$4.5B
$3.7B
Q4 24
$4.5B
$3.5B
Q3 24
$4.7B
$2.9B
Q2 24
$4.6B
$2.6B
Q1 24
$4.7B
$2.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AHR
AHR
MPWR
MPWR
Operating Cash FlowLast quarter
$55.2M
$104.9M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
5.12×
0.61×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHR
AHR
MPWR
MPWR
Q4 25
$55.2M
$104.9M
Q3 25
$107.2M
$239.3M
Q2 25
$71.5M
$237.6M
Q1 25
$60.6M
$256.4M
Q4 24
$59.5M
$167.7M
Q3 24
$63.1M
$231.7M
Q2 24
$59.4M
$141.0M
Q1 24
$-6.0M
$248.1M
Free Cash Flow
AHR
AHR
MPWR
MPWR
Q4 25
$63.9M
Q3 25
$196.8M
Q2 25
$189.5M
Q1 25
$216.0M
Q4 24
$102.9M
Q3 24
$197.9M
Q2 24
$109.5M
Q1 24
$232.1M
FCF Margin
AHR
AHR
MPWR
MPWR
Q4 25
8.5%
Q3 25
26.7%
Q2 25
28.5%
Q1 25
33.9%
Q4 24
16.5%
Q3 24
31.9%
Q2 24
21.6%
Q1 24
50.7%
Capex Intensity
AHR
AHR
MPWR
MPWR
Q4 25
5.5%
Q3 25
5.8%
Q2 25
7.2%
Q1 25
6.3%
Q4 24
10.4%
Q3 24
5.5%
Q2 24
6.2%
Q1 24
3.5%
Cash Conversion
AHR
AHR
MPWR
MPWR
Q4 25
5.12×
0.61×
Q3 25
1.92×
1.33×
Q2 25
7.21×
1.76×
Q1 25
1.90×
Q4 24
0.13×
Q3 24
1.60×
Q2 24
30.02×
1.40×
Q1 24
2.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHR
AHR

Integrated Senior Health Campuses$467.0M83%
SHOP$97.0M17%

MPWR
MPWR

Segment breakdown not available.

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