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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and UDR, Inc. (UDR). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $425.8M, roughly 1.1× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -10.1%, a 54.7% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 0.9%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 1.3%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
CLOV vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $425.8M |
| Net Profit | $-49.3M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | -10.1% | 54.0% |
| Net Margin | -10.1% | 44.6% |
| Revenue YoY | 44.7% | 0.9% |
| Net Profit YoY | -123.2% | 147.2% |
| EPS (diluted) | — | $0.63 |
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.
| Q1 26 | — | $425.8M | ||
| Q4 25 | $487.7M | $433.1M | ||
| Q3 25 | $496.6M | $431.9M | ||
| Q2 25 | $477.6M | $425.4M | ||
| Q1 25 | $462.3M | $421.9M | ||
| Q4 24 | $337.0M | $422.7M | ||
| Q3 24 | $331.0M | $420.2M | ||
| Q2 24 | $356.3M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-49.3M | $222.9M | ||
| Q3 25 | $-24.4M | $40.4M | ||
| Q2 25 | $-10.6M | $37.7M | ||
| Q1 25 | $-1.3M | $76.7M | ||
| Q4 24 | $-22.1M | $-5.0M | ||
| Q3 24 | $-9.2M | $22.6M | ||
| Q2 24 | $7.4M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — |
| Q1 26 | — | 54.0% | ||
| Q4 25 | -10.1% | 64.1% | ||
| Q3 25 | -4.9% | 17.7% | ||
| Q2 25 | -2.2% | 18.2% | ||
| Q1 25 | -0.3% | 29.0% | ||
| Q4 24 | -6.4% | 15.7% | ||
| Q3 24 | -2.7% | 16.6% | ||
| Q2 24 | 2.0% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -10.1% | 51.5% | ||
| Q3 25 | -4.9% | 9.4% | ||
| Q2 25 | -2.2% | 8.9% | ||
| Q1 25 | -0.3% | 18.2% | ||
| Q4 24 | -6.6% | -220.5% | ||
| Q3 24 | -2.8% | 5.4% | ||
| Q2 24 | 2.1% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $3.3B |
| Total Assets | $541.0M | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $78.3M | $1.2M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.5M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | $194.5M | $1.3M | ||
| Q3 24 | $288.0M | $2.3M | ||
| Q2 24 | $254.8M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $308.7M | $3.3B | ||
| Q3 25 | $340.9M | $3.3B | ||
| Q2 25 | $344.2M | $3.3B | ||
| Q1 25 | $336.1M | $3.3B | ||
| Q4 24 | $341.1M | $3.4B | ||
| Q3 24 | $342.2M | $3.5B | ||
| Q2 24 | $324.9M | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $541.0M | $10.6B | ||
| Q3 25 | $559.7M | $10.6B | ||
| Q2 25 | $575.0M | $10.6B | ||
| Q1 25 | $583.7M | $10.7B | ||
| Q4 24 | $580.7M | $10.9B | ||
| Q3 24 | $653.0M | $11.1B | ||
| Q2 24 | $674.2M | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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 | $-66.9M | — |
| Free Cash FlowOCF − Capex | $-69.0M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-66.9M | $902.9M | ||
| Q3 25 | $12.1M | $234.9M | ||
| Q2 25 | $5.4M | $250.3M | ||
| Q1 25 | $-16.3M | $156.2M | ||
| Q4 24 | $34.8M | $876.8M | ||
| Q3 24 | $50.0M | $230.3M | ||
| Q2 24 | $44.8M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-69.0M | $650.0M | ||
| Q3 25 | $11.4M | $164.6M | ||
| Q2 25 | $4.8M | $190.1M | ||
| Q1 25 | $-16.5M | $103.2M | ||
| Q4 24 | $33.3M | $627.0M | ||
| Q3 24 | $49.6M | $161.3M | ||
| Q2 24 | $44.4M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | -14.1% | 150.1% | ||
| Q3 25 | 2.3% | 38.1% | ||
| Q2 25 | 1.0% | 44.7% | ||
| Q1 25 | -3.6% | 24.5% | ||
| Q4 24 | 9.9% | 148.3% | ||
| Q3 24 | 15.0% | 38.4% | ||
| Q2 24 | 12.5% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 0.4% | 58.4% | ||
| Q3 25 | 0.1% | 16.3% | ||
| Q2 25 | 0.1% | 14.2% | ||
| Q1 25 | 0.0% | 12.6% | ||
| Q4 24 | 0.5% | 59.1% | ||
| Q3 24 | 0.1% | 16.4% | ||
| Q2 24 | 0.1% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | 6.04× | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
