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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Nextpower Inc. (NXT). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $564.0M, roughly 1.6× American Healthcare REIT, Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs 1.9%, a 12.5% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs 13.5%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 11.1%).
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...
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
AHR vs NXT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $909.4M |
| Net Profit | $10.8M | $131.2M |
| Gross Margin | 14.8% | 31.7% |
| Operating Margin | 19.8% | 19.4% |
| Net Margin | 1.9% | 14.4% |
| Revenue YoY | 13.5% | 33.9% |
| Net Profit YoY | 133.9% | 13.8% |
| EPS (diluted) | $0.07 | $0.85 |
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 | $909.4M | ||
| Q3 25 | $532.1M | $905.3M | ||
| Q2 25 | $501.3M | $864.3M | ||
| Q1 25 | $497.2M | $924.3M | ||
| Q4 24 | $496.8M | $679.4M | ||
| Q3 24 | $476.8M | $635.6M | ||
| Q2 24 | $458.0M | $719.9M | ||
| Q1 24 | $452.1M | $736.5M |
| Q4 25 | $10.8M | $131.2M | ||
| Q3 25 | $55.9M | $146.9M | ||
| Q2 25 | $9.9M | $157.2M | ||
| Q1 25 | $-6.8M | $156.8M | ||
| Q4 24 | $-31.8M | $115.3M | ||
| Q3 24 | $-4.1M | $115.4M | ||
| Q2 24 | $2.0M | $121.7M | ||
| Q1 24 | $-3.9M | $205.2M |
| Q4 25 | 14.8% | 31.7% | ||
| Q3 25 | 14.6% | 32.4% | ||
| Q2 25 | 15.0% | 32.6% | ||
| Q1 25 | 13.0% | 33.1% | ||
| Q4 24 | 13.3% | 35.5% | ||
| Q3 24 | 12.5% | 35.4% | ||
| Q2 24 | 12.1% | 33.0% | ||
| Q1 24 | 10.7% | 46.2% |
| Q4 25 | 19.8% | 19.4% | ||
| Q3 25 | 19.9% | 20.0% | ||
| Q2 25 | 20.6% | 21.5% | ||
| Q1 25 | 19.0% | 21.1% | ||
| Q4 24 | 20.0% | 22.1% | ||
| Q3 24 | 19.6% | 21.0% | ||
| Q2 24 | 19.4% | 22.2% | ||
| Q1 24 | 18.2% | 36.8% |
| Q4 25 | 1.9% | 14.4% | ||
| Q3 25 | 10.5% | 16.2% | ||
| Q2 25 | 2.0% | 18.2% | ||
| Q1 25 | -1.4% | 17.0% | ||
| Q4 24 | -6.4% | 17.0% | ||
| Q3 24 | -0.9% | 18.2% | ||
| Q2 24 | 0.4% | 16.9% | ||
| Q1 24 | -0.9% | 27.9% |
| Q4 25 | $0.07 | $0.85 | ||
| Q3 25 | $0.33 | $0.97 | ||
| Q2 25 | $0.06 | $1.04 | ||
| Q1 25 | $-0.04 | $1.05 | ||
| Q4 24 | $-0.23 | $0.79 | ||
| Q3 24 | $-0.03 | $0.79 | ||
| Q2 24 | $0.01 | $0.84 | ||
| Q1 24 | $-0.04 | $1.52 |
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 | $952.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $2.2B |
| Total Assets | $5.4B | $3.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $952.6M | ||
| Q3 25 | $147.4M | $845.3M | ||
| Q2 25 | $133.5M | $743.4M | ||
| Q1 25 | $86.1M | $766.1M | ||
| Q4 24 | $76.7M | $693.5M | ||
| Q3 24 | $67.8M | $561.9M | ||
| Q2 24 | $52.1M | $471.9M | ||
| Q1 24 | $77.0M | $474.1M |
| Q4 25 | $3.3B | $2.2B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.0B | $961.0M |
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $4.5B | $3.4B | ||
| Q1 25 | $4.5B | $3.2B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $4.7B | $2.8B | ||
| Q2 24 | $4.6B | $2.6B | ||
| Q1 24 | $4.7B | $2.5B |
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 | $123.3M |
| Free Cash FlowOCF − Capex | — | $118.5M |
| FCF MarginFCF / Revenue | — | 13.0% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 5.12× | 0.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $587.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $123.3M | ||
| Q3 25 | $107.2M | $186.9M | ||
| Q2 25 | $71.5M | $81.3M | ||
| Q1 25 | $60.6M | $237.3M | ||
| Q4 24 | $59.5M | $143.8M | ||
| Q3 24 | $63.1M | $153.8M | ||
| Q2 24 | $59.4M | $120.8M | ||
| Q1 24 | $-6.0M | $111.5M |
| Q4 25 | — | $118.5M | ||
| Q3 25 | — | $171.4M | ||
| Q2 25 | — | $70.1M | ||
| Q1 25 | — | $227.2M | ||
| Q4 24 | — | $134.9M | ||
| Q3 24 | — | $141.8M | ||
| Q2 24 | — | $118.0M | ||
| Q1 24 | — | $109.2M |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 14.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 5.12× | 0.94× | ||
| Q3 25 | 1.92× | 1.27× | ||
| Q2 25 | 7.21× | 0.52× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | 30.02× | 0.99× | ||
| Q1 24 | — | 0.54× |
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% |
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
