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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $379.6M, roughly 1.9× DIVERSIFIED HEALTHCARE TRUST). ESAB Corp runs the higher net margin — 7.5% vs -5.6%, a 13.1% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -0.0%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-166.4M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% 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 ...
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
DHC vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $727.8M |
| Net Profit | $-21.2M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | -12.6% | 14.6% |
| Net Margin | -5.6% | 7.5% |
| Revenue YoY | -0.0% | 8.5% |
| Net Profit YoY | 75.7% | 2.1% |
| EPS (diluted) | $-0.09 | $0.90 |
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.
| Q4 25 | $379.6M | $727.8M | ||
| Q3 25 | $388.7M | $715.6M | ||
| Q2 25 | $382.7M | $678.1M | ||
| Q1 25 | $386.9M | — | ||
| Q4 24 | $379.6M | $670.8M | ||
| Q3 24 | $373.6M | $673.3M | ||
| Q2 24 | $371.4M | $707.1M | ||
| Q1 24 | $370.8M | $689.7M |
| Q4 25 | $-21.2M | $54.8M | ||
| Q3 25 | $-164.0M | $66.9M | ||
| Q2 25 | $-91.6M | $67.4M | ||
| Q1 25 | $-9.0M | — | ||
| Q4 24 | $-87.4M | $53.7M | ||
| Q3 24 | $-98.7M | $68.2M | ||
| Q2 24 | $-97.9M | $82.9M | ||
| Q1 24 | $-86.3M | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | -12.6% | 14.6% | ||
| Q3 25 | -43.4% | 15.2% | ||
| Q2 25 | -24.5% | 16.2% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -26.1% | 16.6% | ||
| Q3 24 | -26.5% | 15.7% | ||
| Q2 24 | -23.0% | 16.9% | ||
| Q1 24 | -23.7% | 16.0% |
| Q4 25 | -5.6% | 7.5% | ||
| Q3 25 | -42.2% | 9.3% | ||
| Q2 25 | -23.9% | 9.9% | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | -23.0% | 8.0% | ||
| Q3 24 | -26.4% | 10.1% | ||
| Q2 24 | -26.3% | 11.7% | ||
| Q1 24 | -23.3% | 8.7% |
| Q4 25 | $-0.09 | $0.90 | ||
| Q3 25 | $-0.68 | $1.09 | ||
| Q2 25 | $-0.38 | $1.10 | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.37 | $0.87 | ||
| Q3 24 | $-0.41 | $1.11 | ||
| Q2 24 | $-0.41 | $1.35 | ||
| Q1 24 | $-0.36 | $0.98 |
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 | $218.2M |
| Total DebtLower is stronger | $2.4B | $1.3B |
| Stockholders' EquityBook value | $1.7B | $2.1B |
| Total Assets | $4.4B | $4.9B |
| Debt / EquityLower = less leverage | 1.47× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $218.2M | ||
| Q3 25 | $201.4M | $258.2M | ||
| Q2 25 | $141.8M | $291.3M | ||
| Q1 25 | $302.6M | — | ||
| Q4 24 | $144.6M | $249.4M | ||
| Q3 24 | $256.5M | $253.7M | ||
| Q2 24 | $265.6M | $228.5M | ||
| Q1 24 | $207.1M | $76.5M |
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $992.8M |
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.2B | $1.6B |
| Q4 25 | $4.4B | $4.9B | ||
| Q3 25 | $4.7B | $4.4B | ||
| Q2 25 | $4.8B | $4.2B | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.1B | $4.0B | ||
| Q3 24 | $5.3B | $4.1B | ||
| Q2 24 | $5.3B | $4.0B | ||
| Q1 24 | $5.3B | $3.8B |
| Q4 25 | 1.47× | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | $-166.4M | $70.3M |
| FCF MarginFCF / Revenue | -43.8% | 9.7% |
| Capex IntensityCapex / Revenue | 38.7% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $81.5M | ||
| Q3 25 | $-49.3M | $46.6M | ||
| Q2 25 | $53.0M | $35.4M | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $112.2M | $126.9M | ||
| Q3 24 | $21.1M | $101.0M | ||
| Q2 24 | $44.3M | $83.0M | ||
| Q1 24 | $28.6M | $44.5M |
| Q4 25 | $-166.4M | $70.3M | ||
| Q3 25 | $-89.8M | $37.4M | ||
| Q2 25 | $18.8M | $28.1M | ||
| Q1 25 | $-42.9M | — | ||
| Q4 24 | $-89.5M | $102.2M | ||
| Q3 24 | $-26.1M | $90.4M | ||
| Q2 24 | $3.3M | $74.0M | ||
| Q1 24 | $-18.1M | $37.1M |
| Q4 25 | -43.8% | 9.7% | ||
| Q3 25 | -23.1% | 5.2% | ||
| Q2 25 | 4.9% | 4.1% | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -23.6% | 15.2% | ||
| Q3 24 | -7.0% | 13.4% | ||
| Q2 24 | 0.9% | 10.5% | ||
| Q1 24 | -4.9% | 5.4% |
| Q4 25 | 38.7% | 1.5% | ||
| Q3 25 | 10.4% | 1.3% | ||
| Q2 25 | 8.9% | 1.1% | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 53.1% | 3.7% | ||
| Q3 24 | 12.6% | 1.6% | ||
| Q2 24 | 11.0% | 1.3% | ||
| Q1 24 | 12.6% | 1.1% |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 0.74× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
