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

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $282.9M, roughly 1.3× Duolingo, Inc.). Duolingo, Inc. runs the higher net margin — 14.8% vs -5.6%, a 20.4% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs -0.0%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $-166.4M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% 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 ...

Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.

DHC vs DUOL — Head-to-Head

Bigger by revenue
DHC
DHC
1.3× larger
DHC
$379.6M
$282.9M
DUOL
Growing faster (revenue YoY)
DUOL
DUOL
+35.0% gap
DUOL
35.0%
-0.0%
DHC
Higher net margin
DUOL
DUOL
20.4% more per $
DUOL
14.8%
-5.6%
DHC
More free cash flow
DUOL
DUOL
$263.0M more FCF
DUOL
$96.6M
$-166.4M
DHC
Faster 2-yr revenue CAGR
DUOL
DUOL
Annualised
DUOL
29.9%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
DUOL
DUOL
Revenue
$379.6M
$282.9M
Net Profit
$-21.2M
$42.0M
Gross Margin
72.8%
Operating Margin
-12.6%
15.4%
Net Margin
-5.6%
14.8%
Revenue YoY
-0.0%
35.0%
Net Profit YoY
75.7%
201.7%
EPS (diluted)
$-0.09
$0.99

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
DUOL
DUOL
Q4 25
$379.6M
$282.9M
Q3 25
$388.7M
$271.7M
Q2 25
$382.7M
$252.3M
Q1 25
$386.9M
$230.7M
Q4 24
$379.6M
$209.6M
Q3 24
$373.6M
$192.6M
Q2 24
$371.4M
$178.3M
Q1 24
$370.8M
$167.6M
Net Profit
DHC
DHC
DUOL
DUOL
Q4 25
$-21.2M
$42.0M
Q3 25
$-164.0M
$292.2M
Q2 25
$-91.6M
$44.8M
Q1 25
$-9.0M
$35.1M
Q4 24
$-87.4M
$13.9M
Q3 24
$-98.7M
$23.4M
Q2 24
$-97.9M
$24.4M
Q1 24
$-86.3M
$27.0M
Gross Margin
DHC
DHC
DUOL
DUOL
Q4 25
72.8%
Q3 25
72.5%
Q2 25
72.4%
Q1 25
71.1%
Q4 24
71.9%
Q3 24
72.9%
Q2 24
73.4%
Q1 24
73.0%
Operating Margin
DHC
DHC
DUOL
DUOL
Q4 25
-12.6%
15.4%
Q3 25
-43.4%
12.9%
Q2 25
-24.5%
13.2%
Q1 25
-2.7%
10.2%
Q4 24
-26.1%
6.6%
Q3 24
-26.5%
7.0%
Q2 24
-23.0%
10.5%
Q1 24
-23.7%
9.8%
Net Margin
DHC
DHC
DUOL
DUOL
Q4 25
-5.6%
14.8%
Q3 25
-42.2%
107.5%
Q2 25
-23.9%
17.8%
Q1 25
-2.3%
15.2%
Q4 24
-23.0%
6.6%
Q3 24
-26.4%
12.1%
Q2 24
-26.3%
13.7%
Q1 24
-23.3%
16.1%
EPS (diluted)
DHC
DHC
DUOL
DUOL
Q4 25
$-0.09
$0.99
Q3 25
$-0.68
$5.95
Q2 25
$-0.38
$0.91
Q1 25
$-0.04
$0.72
Q4 24
$-0.37
$0.31
Q3 24
$-0.41
$0.49
Q2 24
$-0.41
$0.51
Q1 24
$-0.36
$0.57

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
DUOL
DUOL
Cash + ST InvestmentsLiquidity on hand
$105.4M
$1.0B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$1.7B
$1.3B
Total Assets
$4.4B
$2.0B
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
DUOL
DUOL
Q4 25
$105.4M
$1.0B
Q3 25
$201.4M
$1.0B
Q2 25
$141.8M
$976.2M
Q1 25
$302.6M
$884.0M
Q4 24
$144.6M
$785.8M
Q3 24
$256.5M
$854.4M
Q2 24
$265.6M
$888.2M
Q1 24
$207.1M
$829.7M
Total Debt
DHC
DHC
DUOL
DUOL
Q4 25
$2.4B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
DUOL
DUOL
Q4 25
$1.7B
$1.3B
Q3 25
$1.7B
$1.3B
Q2 25
$1.9B
$977.0M
Q1 25
$1.9B
$893.8M
Q4 24
$2.0B
$824.5M
Q3 24
$2.0B
$822.5M
Q2 24
$2.1B
$766.9M
Q1 24
$2.2B
$711.1M
Total Assets
DHC
DHC
DUOL
DUOL
Q4 25
$4.4B
$2.0B
Q3 25
$4.7B
$1.9B
Q2 25
$4.8B
$1.5B
Q1 25
$5.0B
$1.4B
Q4 24
$5.1B
$1.3B
Q3 24
$5.3B
$1.2B
Q2 24
$5.3B
$1.1B
Q1 24
$5.3B
$1.1B
Debt / Equity
DHC
DHC
DUOL
DUOL
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
DUOL
DUOL
Operating Cash FlowLast quarter
$-19.6M
$107.3M
Free Cash FlowOCF − Capex
$-166.4M
$96.6M
FCF MarginFCF / Revenue
-43.8%
34.1%
Capex IntensityCapex / Revenue
38.7%
3.8%
Cash ConversionOCF / Net Profit
2.56×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$369.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
DUOL
DUOL
Q4 25
$-19.6M
$107.3M
Q3 25
$-49.3M
$84.2M
Q2 25
$53.0M
$90.7M
Q1 25
$-3.2M
$105.6M
Q4 24
$112.2M
$83.3M
Q3 24
$21.1M
$56.3M
Q2 24
$44.3M
$62.4M
Q1 24
$28.6M
$83.5M
Free Cash Flow
DHC
DHC
DUOL
DUOL
Q4 25
$-166.4M
$96.6M
Q3 25
$-89.8M
$79.4M
Q2 25
$18.8M
$89.5M
Q1 25
$-42.9M
$104.3M
Q4 24
$-89.5M
$81.4M
Q3 24
$-26.1M
$53.1M
Q2 24
$3.3M
$56.8M
Q1 24
$-18.1M
$82.1M
FCF Margin
DHC
DHC
DUOL
DUOL
Q4 25
-43.8%
34.1%
Q3 25
-23.1%
29.2%
Q2 25
4.9%
35.5%
Q1 25
-11.1%
45.2%
Q4 24
-23.6%
38.8%
Q3 24
-7.0%
27.6%
Q2 24
0.9%
31.9%
Q1 24
-4.9%
49.0%
Capex Intensity
DHC
DHC
DUOL
DUOL
Q4 25
38.7%
3.8%
Q3 25
10.4%
1.8%
Q2 25
8.9%
0.5%
Q1 25
10.2%
0.6%
Q4 24
53.1%
0.9%
Q3 24
12.6%
1.7%
Q2 24
11.0%
3.1%
Q1 24
12.6%
0.8%
Cash Conversion
DHC
DHC
DUOL
DUOL
Q4 25
2.56×
Q3 25
0.29×
Q2 25
2.02×
Q1 25
3.01×
Q4 24
5.99×
Q3 24
2.41×
Q2 24
2.56×
Q1 24
3.10×

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%

DUOL
DUOL

License And Service$242.3M86%
Advertising$20.2M7%
English Test$10.3M4%
Other$10.1M4%

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