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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and OMEGA HEALTHCARE INVESTORS INC (OHI). 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 $319.2M, roughly 1.8× OMEGA HEALTHCARE INVESTORS INC). OMEGA HEALTHCARE INVESTORS INC runs the higher net margin — 51.6% vs 1.9%, a 49.7% gap on every dollar of revenue. On growth, OMEGA HEALTHCARE INVESTORS INC posted the faster year-over-year revenue change (14.3% vs 13.5%). Over the past eight quarters, OMEGA HEALTHCARE INVESTORS INC's revenue compounded faster (14.5% 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...
Omega Healthcare Investors Inc is a specialized real estate investment trust that owns, leases and manages healthcare-related real estate assets, mainly including skilled nursing facilities, senior housing and long-term care facilities across the U.S. and UK. It partners with healthcare operators to provide stable real estate support for quality patient care delivery.
AHR vs OHI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $319.2M |
| Net Profit | $10.8M | $164.8M |
| Gross Margin | 14.8% | — |
| Operating Margin | 19.8% | 53.7% |
| Net Margin | 1.9% | 51.6% |
| Revenue YoY | 13.5% | 14.3% |
| Net Profit YoY | 133.9% | 45.4% |
| EPS (diluted) | $0.07 | $0.56 |
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 | $319.2M | ||
| Q3 25 | $532.1M | $311.6M | ||
| Q2 25 | $501.3M | $282.5M | ||
| Q1 25 | $497.2M | $276.8M | ||
| Q4 24 | $496.8M | $279.3M | ||
| Q3 24 | $476.8M | $276.0M | ||
| Q2 24 | $458.0M | $252.7M | ||
| Q1 24 | $452.1M | $243.3M |
| Q4 25 | $10.8M | $164.8M | ||
| Q3 25 | $55.9M | $179.7M | ||
| Q2 25 | $9.9M | $136.6M | ||
| Q1 25 | $-6.8M | $109.0M | ||
| Q4 24 | $-31.8M | $113.3M | ||
| Q3 24 | $-4.1M | $111.8M | ||
| Q2 24 | $2.0M | $113.9M | ||
| Q1 24 | $-3.9M | $67.4M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.7% | — |
| Q4 25 | 19.8% | 53.7% | ||
| Q3 25 | 19.9% | 61.4% | ||
| Q2 25 | 20.6% | 52.1% | ||
| Q1 25 | 19.0% | 41.4% | ||
| Q4 24 | 20.0% | 42.5% | ||
| Q3 24 | 19.6% | 40.3% | ||
| Q2 24 | 19.4% | 47.1% | ||
| Q1 24 | 18.2% | 29.5% |
| Q4 25 | 1.9% | 51.6% | ||
| Q3 25 | 10.5% | 57.7% | ||
| Q2 25 | 2.0% | 48.4% | ||
| Q1 25 | -1.4% | 39.4% | ||
| Q4 24 | -6.4% | 40.6% | ||
| Q3 24 | -0.9% | 40.5% | ||
| Q2 24 | 0.4% | 45.1% | ||
| Q1 24 | -0.9% | 27.7% |
| Q4 25 | $0.07 | $0.56 | ||
| Q3 25 | $0.33 | $0.59 | ||
| Q2 25 | $0.06 | $0.46 | ||
| Q1 25 | $-0.04 | $0.33 | ||
| Q4 24 | $-0.23 | $0.41 | ||
| Q3 24 | $-0.03 | $0.42 | ||
| Q2 24 | $0.01 | $0.45 | ||
| Q1 24 | $-0.04 | $0.27 |
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 | $27.0M |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $3.3B | $5.2B |
| Total Assets | $5.4B | $10.0B |
| Debt / EquityLower = less leverage | — | 0.82× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.8M | $27.0M | ||
| Q3 25 | $147.4M | $737.2M | ||
| Q2 25 | $133.5M | $734.2M | ||
| Q1 25 | $86.1M | $368.0M | ||
| Q4 24 | $76.7M | $518.3M | ||
| Q3 24 | $67.8M | $342.4M | ||
| Q2 24 | $52.1M | $35.2M | ||
| Q1 24 | $77.0M | $361.8M |
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $5.0B |
| Q4 25 | $3.3B | $5.2B | ||
| Q3 25 | $2.7B | $5.0B | ||
| Q2 25 | $2.4B | $5.0B | ||
| Q1 25 | $2.3B | $4.7B | ||
| Q4 24 | $2.3B | $4.5B | ||
| Q3 24 | $2.2B | $4.2B | ||
| Q2 24 | $1.9B | $3.7B | ||
| Q1 24 | $2.0B | $3.5B |
| Q4 25 | $5.4B | $10.0B | ||
| Q3 25 | $4.8B | $10.6B | ||
| Q2 25 | $4.5B | $10.5B | ||
| Q1 25 | $4.5B | $9.7B | ||
| Q4 24 | $4.5B | $9.9B | ||
| Q3 24 | $4.7B | $9.6B | ||
| Q2 24 | $4.6B | $8.8B | ||
| Q1 24 | $4.7B | $9.0B |
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.26× | ||
| Q1 24 | — | 1.43× |
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 | $230.6M |
| Free Cash FlowOCF − Capex | — | $203.9M |
| FCF MarginFCF / Revenue | — | 63.9% |
| Capex IntensityCapex / Revenue | — | 8.4% |
| Cash ConversionOCF / Net Profit | 5.12× | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | $797.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.2M | $230.6M | ||
| Q3 25 | $107.2M | $226.7M | ||
| Q2 25 | $71.5M | $239.3M | ||
| Q1 25 | $60.6M | $182.0M | ||
| Q4 24 | $59.5M | $229.0M | ||
| Q3 24 | $63.1M | $184.9M | ||
| Q2 24 | $59.4M | $184.1M | ||
| Q1 24 | $-6.0M | $151.5M |
| Q4 25 | — | $203.9M | ||
| Q3 25 | — | $205.5M | ||
| Q2 25 | — | $226.5M | ||
| Q1 25 | — | $161.8M | ||
| Q4 24 | — | $213.5M | ||
| Q3 24 | — | $176.6M | ||
| Q2 24 | — | $177.0M | ||
| Q1 24 | — | $144.5M |
| Q4 25 | — | 63.9% | ||
| Q3 25 | — | 65.9% | ||
| Q2 25 | — | 80.2% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 64.0% | ||
| Q2 24 | — | 70.0% | ||
| Q1 24 | — | 59.4% |
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 7.3% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 5.12× | 1.40× | ||
| Q3 25 | 1.92× | 1.26× | ||
| Q2 25 | 7.21× | 1.75× | ||
| Q1 25 | — | 1.67× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | 30.02× | 1.62× | ||
| Q1 24 | — | 2.25× |
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% |
OHI
Segment breakdown not available.
