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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and DigitalOcean Holdings, Inc. (DOCN). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $242.4M, roughly 1.6× DigitalOcean Holdings, Inc.). DigitalOcean Holdings, Inc. runs the higher net margin — 10.6% vs -5.6%, a 16.2% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs -0.0%). DigitalOcean Holdings, Inc. produced more free cash flow last quarter ($31.1M vs $-166.4M). Over the past eight quarters, DigitalOcean Holdings, Inc.'s revenue compounded faster (14.5% CAGR vs 1.2%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. The company is headquartered in Broomfield, Colorado, US, with 15 globally distributed data centers. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms.

DHC vs DOCN — Head-to-Head

Bigger by revenue
DHC
DHC
1.6× larger
DHC
$379.6M
$242.4M
DOCN
Growing faster (revenue YoY)
DOCN
DOCN
+18.3% gap
DOCN
18.3%
-0.0%
DHC
Higher net margin
DOCN
DOCN
16.2% more per $
DOCN
10.6%
-5.6%
DHC
More free cash flow
DOCN
DOCN
$197.6M more FCF
DOCN
$31.1M
$-166.4M
DHC
Faster 2-yr revenue CAGR
DOCN
DOCN
Annualised
DOCN
14.5%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
DOCN
DOCN
Revenue
$379.6M
$242.4M
Net Profit
$-21.2M
$25.7M
Gross Margin
58.7%
Operating Margin
-12.6%
16.0%
Net Margin
-5.6%
10.6%
Revenue YoY
-0.0%
18.3%
Net Profit YoY
75.7%
40.5%
EPS (diluted)
$-0.09
$0.23

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
DHC
DHC
DOCN
DOCN
Q4 25
$379.6M
$242.4M
Q3 25
$388.7M
$229.6M
Q2 25
$382.7M
$218.7M
Q1 25
$386.9M
$210.7M
Q4 24
$379.6M
$204.9M
Q3 24
$373.6M
$198.5M
Q2 24
$371.4M
$192.5M
Q1 24
$370.8M
$184.7M
Net Profit
DHC
DHC
DOCN
DOCN
Q4 25
$-21.2M
$25.7M
Q3 25
$-164.0M
$158.4M
Q2 25
$-91.6M
$37.0M
Q1 25
$-9.0M
$38.2M
Q4 24
$-87.4M
$18.3M
Q3 24
$-98.7M
$32.9M
Q2 24
$-97.9M
$19.1M
Q1 24
$-86.3M
$14.1M
Gross Margin
DHC
DHC
DOCN
DOCN
Q4 25
58.7%
Q3 25
59.6%
Q2 25
59.9%
Q1 25
61.4%
Q4 24
57.1%
Q3 24
60.2%
Q2 24
61.0%
Q1 24
60.7%
Operating Margin
DHC
DHC
DOCN
DOCN
Q4 25
-12.6%
16.0%
Q3 25
-43.4%
19.6%
Q2 25
-24.5%
16.3%
Q1 25
-2.7%
17.9%
Q4 24
-26.1%
15.9%
Q3 24
-26.5%
12.4%
Q2 24
-23.0%
11.6%
Q1 24
-23.7%
6.2%
Net Margin
DHC
DHC
DOCN
DOCN
Q4 25
-5.6%
10.6%
Q3 25
-42.2%
69.0%
Q2 25
-23.9%
16.9%
Q1 25
-2.3%
18.1%
Q4 24
-23.0%
8.9%
Q3 24
-26.4%
16.6%
Q2 24
-26.3%
9.9%
Q1 24
-23.3%
7.7%
EPS (diluted)
DHC
DHC
DOCN
DOCN
Q4 25
$-0.09
$0.23
Q3 25
$-0.68
$1.51
Q2 25
$-0.38
$0.39
Q1 25
$-0.04
$0.39
Q4 24
$-0.37
$0.21
Q3 24
$-0.41
$0.33
Q2 24
$-0.41
$0.20
Q1 24
$-0.36
$0.15

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
DOCN
DOCN
Cash + ST InvestmentsLiquidity on hand
$105.4M
$254.5M
Total DebtLower is stronger
$2.4B
$1.3B
Stockholders' EquityBook value
$1.7B
$-28.7M
Total Assets
$4.4B
$1.8B
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
DOCN
DOCN
Q4 25
$105.4M
$254.5M
Q3 25
$201.4M
$236.6M
Q2 25
$141.8M
$387.7M
Q1 25
$302.6M
$360.4M
Q4 24
$144.6M
$428.4M
Q3 24
$256.5M
$439.9M
Q2 24
$265.6M
$443.1M
Q1 24
$207.1M
$419.1M
Total Debt
DHC
DHC
DOCN
DOCN
Q4 25
$2.4B
$1.3B
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$3.1B
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
DOCN
DOCN
Q4 25
$1.7B
$-28.7M
Q3 25
$1.7B
$-69.6M
Q2 25
$1.9B
$-175.2M
Q1 25
$1.9B
$-210.7M
Q4 24
$2.0B
$-203.0M
Q3 24
$2.0B
$-211.7M
Q2 24
$2.1B
$-253.8M
Q1 24
$2.2B
$-286.1M
Total Assets
DHC
DHC
DOCN
DOCN
Q4 25
$4.4B
$1.8B
Q3 25
$4.7B
$1.7B
Q2 25
$4.8B
$1.7B
Q1 25
$5.0B
$1.6B
Q4 24
$5.1B
$1.6B
Q3 24
$5.3B
$1.5B
Q2 24
$5.3B
$1.5B
Q1 24
$5.3B
$1.5B
Debt / Equity
DHC
DHC
DOCN
DOCN
Q4 25
1.47×
Q3 25
Q2 25
Q1 25
Q4 24
1.56×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DHC
DHC
DOCN
DOCN
Operating Cash FlowLast quarter
$-19.6M
$57.3M
Free Cash FlowOCF − Capex
$-166.4M
$31.1M
FCF MarginFCF / Revenue
-43.8%
12.8%
Capex IntensityCapex / Revenue
38.7%
10.8%
Cash ConversionOCF / Net Profit
2.23×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
DOCN
DOCN
Q4 25
$-19.6M
$57.3M
Q3 25
$-49.3M
$95.8M
Q2 25
$53.0M
$92.4M
Q1 25
$-3.2M
$64.1M
Q4 24
$112.2M
$71.3M
Q3 24
$21.1M
$73.4M
Q2 24
$44.3M
$71.3M
Q1 24
$28.6M
$66.7M
Free Cash Flow
DHC
DHC
DOCN
DOCN
Q4 25
$-166.4M
$31.1M
Q3 25
$-89.8M
$88.0M
Q2 25
$18.8M
$59.3M
Q1 25
$-42.9M
$2.1M
Q4 24
$-89.5M
$26.1M
Q3 24
$-26.1M
$16.0M
Q2 24
$3.3M
$39.5M
Q1 24
$-18.1M
$23.0M
FCF Margin
DHC
DHC
DOCN
DOCN
Q4 25
-43.8%
12.8%
Q3 25
-23.1%
38.3%
Q2 25
4.9%
27.1%
Q1 25
-11.1%
1.0%
Q4 24
-23.6%
12.7%
Q3 24
-7.0%
8.1%
Q2 24
0.9%
20.5%
Q1 24
-4.9%
12.5%
Capex Intensity
DHC
DHC
DOCN
DOCN
Q4 25
38.7%
10.8%
Q3 25
10.4%
3.4%
Q2 25
8.9%
15.2%
Q1 25
10.2%
29.4%
Q4 24
53.1%
22.1%
Q3 24
12.6%
28.9%
Q2 24
11.0%
16.6%
Q1 24
12.6%
23.6%
Cash Conversion
DHC
DHC
DOCN
DOCN
Q4 25
2.23×
Q3 25
0.60×
Q2 25
2.50×
Q1 25
1.68×
Q4 24
3.91×
Q3 24
2.23×
Q2 24
3.73×
Q1 24
4.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

DOCN
DOCN

Scalers$84.3M35%
Scalers Plus$69.9M29%
Builders$64.1M26%
Learners Testers And Other$24.1M10%

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