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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Enphase Energy (ENPH). 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× Enphase Energy). Enphase Energy runs the higher net margin — -2.6% vs -5.6%, a 3.0% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $-166.4M). Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs -3.4%).
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 ...
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.
DHC vs ENPH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $282.9M |
| Net Profit | $-21.2M | $-7.4M |
| Gross Margin | — | 35.5% |
| Operating Margin | -12.6% | — |
| Net Margin | -5.6% | -2.6% |
| Revenue YoY | -0.0% | -20.6% |
| Net Profit YoY | 75.7% | -124.9% |
| EPS (diluted) | $-0.09 | $-0.06 |
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 | — | $282.9M | ||
| Q4 25 | $379.6M | $343.3M | ||
| Q3 25 | $388.7M | $410.4M | ||
| Q2 25 | $382.7M | $363.2M | ||
| Q1 25 | $386.9M | $356.1M | ||
| Q4 24 | $379.6M | $382.7M | ||
| Q3 24 | $373.6M | $380.9M | ||
| Q2 24 | $371.4M | $303.5M |
| Q1 26 | — | $-7.4M | ||
| Q4 25 | $-21.2M | $38.7M | ||
| Q3 25 | $-164.0M | $66.6M | ||
| Q2 25 | $-91.6M | $37.1M | ||
| Q1 25 | $-9.0M | $29.7M | ||
| Q4 24 | $-87.4M | $62.2M | ||
| Q3 24 | $-98.7M | $45.8M | ||
| Q2 24 | $-97.9M | $10.8M |
| Q1 26 | — | 35.5% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 46.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 51.8% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 45.2% |
| Q1 26 | — | — | ||
| Q4 25 | -12.6% | 6.5% | ||
| Q3 25 | -43.4% | 16.1% | ||
| Q2 25 | -24.5% | 10.2% | ||
| Q1 25 | -2.7% | 9.0% | ||
| Q4 24 | -26.1% | 14.3% | ||
| Q3 24 | -26.5% | 13.1% | ||
| Q2 24 | -23.0% | 0.6% |
| Q1 26 | — | -2.6% | ||
| Q4 25 | -5.6% | 11.3% | ||
| Q3 25 | -42.2% | 16.2% | ||
| Q2 25 | -23.9% | 10.2% | ||
| Q1 25 | -2.3% | 8.3% | ||
| Q4 24 | -23.0% | 16.2% | ||
| Q3 24 | -26.4% | 12.0% | ||
| Q2 24 | -26.3% | 3.6% |
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $-0.09 | $0.29 | ||
| Q3 25 | $-0.68 | $0.50 | ||
| Q2 25 | $-0.38 | $0.28 | ||
| Q1 25 | $-0.04 | $0.22 | ||
| Q4 24 | $-0.37 | $0.46 | ||
| Q3 24 | $-0.41 | $0.33 | ||
| Q2 24 | $-0.41 | $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 | $105.4M | $497.5M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $1.1B |
| Total Assets | $4.4B | $2.7B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $497.5M | ||
| Q4 25 | $105.4M | $1.5B | ||
| Q3 25 | $201.4M | $1.5B | ||
| Q2 25 | $141.8M | $1.5B | ||
| Q1 25 | $302.6M | $1.5B | ||
| Q4 24 | $144.6M | $1.6B | ||
| Q3 24 | $256.5M | $1.8B | ||
| Q2 24 | $265.6M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $995.0M | ||
| Q2 25 | $1.9B | $880.6M | ||
| Q1 25 | $1.9B | $810.7M | ||
| Q4 24 | $2.0B | $833.0M | ||
| Q3 24 | $2.0B | $931.4M | ||
| Q2 24 | $2.1B | $884.5M |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $4.4B | $3.5B | ||
| Q3 25 | $4.7B | $3.3B | ||
| Q2 25 | $4.8B | $3.2B | ||
| Q1 25 | $5.0B | $3.1B | ||
| Q4 24 | $5.1B | $3.2B | ||
| Q3 24 | $5.3B | $3.3B | ||
| Q2 24 | $5.3B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.47× | 1.11× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.37× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | 1.56× | 1.56× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 1.47× |
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 | $-19.6M | $102.9M |
| Free Cash FlowOCF − Capex | $-166.4M | $83.0M |
| FCF MarginFCF / Revenue | -43.8% | 29.3% |
| Capex IntensityCapex / Revenue | 38.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $102.9M | ||
| Q4 25 | $-19.6M | $47.6M | ||
| Q3 25 | $-49.3M | $13.9M | ||
| Q2 25 | $53.0M | $26.6M | ||
| Q1 25 | $-3.2M | $48.4M | ||
| Q4 24 | $112.2M | $167.3M | ||
| Q3 24 | $21.1M | $170.1M | ||
| Q2 24 | $44.3M | $127.1M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $-166.4M | $37.8M | ||
| Q3 25 | $-89.8M | $5.9M | ||
| Q2 25 | $18.8M | $18.4M | ||
| Q1 25 | $-42.9M | $33.8M | ||
| Q4 24 | $-89.5M | $159.2M | ||
| Q3 24 | $-26.1M | $161.6M | ||
| Q2 24 | $3.3M | $117.4M |
| Q1 26 | — | 29.3% | ||
| Q4 25 | -43.8% | 11.0% | ||
| Q3 25 | -23.1% | 1.4% | ||
| Q2 25 | 4.9% | 5.1% | ||
| Q1 25 | -11.1% | 9.5% | ||
| Q4 24 | -23.6% | 41.6% | ||
| Q3 24 | -7.0% | 42.4% | ||
| Q2 24 | 0.9% | 38.7% |
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | 2.8% | ||
| Q3 25 | 10.4% | 2.0% | ||
| Q2 25 | 8.9% | 2.3% | ||
| Q1 25 | 10.2% | 4.1% | ||
| Q4 24 | 53.1% | 2.1% | ||
| Q3 24 | 12.6% | 2.2% | ||
| Q2 24 | 11.0% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 2.69× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | — | 11.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
ENPH
Segment breakdown not available.
