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Side-by-side financial comparison of Butterfly Network, Inc. (BFLY) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

Butterfly Network, Inc. is the larger business by last-quarter revenue ($26.5M vs $24.5M, roughly 1.1× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -47.8%, a 65.5% gap on every dollar of revenue. On growth, Butterfly Network, Inc. posted the faster year-over-year revenue change (25.0% vs -0.7%). Over the past eight quarters, Butterfly Network, Inc.'s revenue compounded faster (11.1% CAGR vs -1.3%).

Butterfly Network, Inc. is a digital health company that develops, manufactures and sells affordable, portable whole-body ultrasound devices powered by proprietary semiconductor technology. It serves clinical professionals, healthcare facilities, and home care users across global markets, with a core mission to expand access to medical imaging for underserved communities.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

BFLY vs UHT — Head-to-Head

Bigger by revenue
BFLY
BFLY
1.1× larger
BFLY
$26.5M
$24.5M
UHT
Growing faster (revenue YoY)
BFLY
BFLY
+25.7% gap
BFLY
25.0%
-0.7%
UHT
Higher net margin
UHT
UHT
65.5% more per $
UHT
17.7%
-47.8%
BFLY
Faster 2-yr revenue CAGR
BFLY
BFLY
Annualised
BFLY
11.1%
-1.3%
UHT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BFLY
BFLY
UHT
UHT
Revenue
$26.5M
$24.5M
Net Profit
$-12.7M
$4.3M
Gross Margin
68.9%
Operating Margin
-21.2%
34.7%
Net Margin
-47.8%
17.7%
Revenue YoY
25.0%
-0.7%
Net Profit YoY
-7.2%
EPS (diluted)
$-0.05
$0.32

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
BFLY
BFLY
UHT
UHT
Q1 26
$26.5M
Q4 25
$31.5M
$24.5M
Q3 25
$21.5M
$25.3M
Q2 25
$23.4M
$24.9M
Q1 25
$21.2M
$24.5M
Q4 24
$22.4M
$24.6M
Q3 24
$20.6M
$24.5M
Q2 24
$21.5M
$24.7M
Net Profit
BFLY
BFLY
UHT
UHT
Q1 26
$-12.7M
Q4 25
$-15.3M
$4.3M
Q3 25
$-34.0M
$4.0M
Q2 25
$-13.8M
$4.5M
Q1 25
$-14.0M
$4.8M
Q4 24
$-18.1M
$4.7M
Q3 24
$-16.9M
$4.0M
Q2 24
$-15.7M
$5.3M
Gross Margin
BFLY
BFLY
UHT
UHT
Q1 26
68.9%
Q4 25
67.3%
Q3 25
-17.5%
Q2 25
63.7%
Q1 25
63.0%
Q4 24
61.5%
Q3 24
59.5%
Q2 24
58.6%
Operating Margin
BFLY
BFLY
UHT
UHT
Q1 26
-21.2%
Q4 25
-53.0%
34.7%
Q3 25
-163.5%
33.2%
Q2 25
-68.9%
35.6%
Q1 25
-87.0%
36.8%
Q4 24
-77.5%
37.6%
Q3 24
-83.9%
34.7%
Q2 24
-80.2%
38.7%
Net Margin
BFLY
BFLY
UHT
UHT
Q1 26
-47.8%
Q4 25
-48.5%
17.7%
Q3 25
-158.1%
15.9%
Q2 25
-59.2%
18.1%
Q1 25
-65.8%
19.5%
Q4 24
-81.0%
18.9%
Q3 24
-82.3%
16.3%
Q2 24
-73.1%
21.3%
EPS (diluted)
BFLY
BFLY
UHT
UHT
Q1 26
$-0.05
Q4 25
$-0.06
$0.32
Q3 25
$-0.13
$0.29
Q2 25
$-0.06
$0.32
Q1 25
$-0.06
$0.34
Q4 24
$-0.09
$0.34
Q3 24
$-0.08
$0.29
Q2 24
$-0.07
$0.38

Balance Sheet & Financial Strength

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

Metric
BFLY
BFLY
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$138.0M
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$191.2M
$152.4M
Total Assets
$285.9M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFLY
BFLY
UHT
UHT
Q1 26
$138.0M
Q4 25
$150.5M
$6.7M
Q3 25
$144.2M
$6.9M
Q2 25
$148.1M
$6.6M
Q1 25
$155.2M
$7.0M
Q4 24
$88.8M
$7.1M
Q3 24
$93.8M
$6.4M
Q2 24
$102.1M
$5.6M
Total Debt
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
Stockholders' Equity
BFLY
BFLY
UHT
UHT
Q1 26
$191.2M
Q4 25
$196.0M
$152.4M
Q3 25
$203.8M
$158.6M
Q2 25
$232.8M
$165.2M
Q1 25
$239.7M
$172.2M
Q4 24
$168.8M
$179.5M
Q3 24
$181.8M
$181.6M
Q2 24
$194.3M
$190.7M
Total Assets
BFLY
BFLY
UHT
UHT
Q1 26
$285.9M
Q4 25
$296.5M
$564.9M
Q3 25
$290.0M
$568.0M
Q2 25
$313.3M
$573.0M
Q1 25
$318.4M
$573.5M
Q4 24
$256.1M
$580.9M
Q3 24
$265.3M
$584.3M
Q2 24
$273.1M
$586.6M
Debt / Equity
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BFLY
BFLY
UHT
UHT
Operating Cash FlowLast quarter
$-13.9M
$49.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFLY
BFLY
UHT
UHT
Q1 26
$-13.9M
Q4 25
$9.0M
$49.1M
Q3 25
$-2.9M
$10.2M
Q2 25
$-7.2M
$13.7M
Q1 25
$-11.7M
$11.6M
Q4 24
$-3.1M
$46.9M
Q3 24
$-7.9M
$9.9M
Q2 24
$-10.0M
$12.1M
Free Cash Flow
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
$7.9M
Q3 25
$-3.9M
Q2 25
$-8.1M
Q1 25
$-12.0M
Q4 24
$-3.5M
Q3 24
$-8.3M
Q2 24
$-10.7M
FCF Margin
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
25.2%
Q3 25
-18.2%
Q2 25
-34.5%
Q1 25
-56.7%
Q4 24
-15.8%
Q3 24
-40.5%
Q2 24
-50.0%
Capex Intensity
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
3.4%
Q3 25
4.7%
Q2 25
3.8%
Q1 25
1.7%
Q4 24
1.8%
Q3 24
2.0%
Q2 24
3.4%
Cash Conversion
BFLY
BFLY
UHT
UHT
Q1 26
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
10.06×
Q3 24
2.48×
Q2 24
2.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFLY
BFLY

Product$14.7M55%
Software and other services$11.9M45%

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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