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

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $273.0M, roughly 1.4× Forestar Group Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs -5.6%, a 11.2% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -0.0%). Forestar Group Inc. produced more free cash flow last quarter ($-157.1M vs $-166.4M). Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs -9.6%).

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 ...

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

DHC vs FOR — Head-to-Head

Bigger by revenue
DHC
DHC
1.4× larger
DHC
$379.6M
$273.0M
FOR
Growing faster (revenue YoY)
FOR
FOR
+9.0% gap
FOR
9.0%
-0.0%
DHC
Higher net margin
FOR
FOR
11.2% more per $
FOR
5.6%
-5.6%
DHC
More free cash flow
FOR
FOR
$9.3M more FCF
FOR
$-157.1M
$-166.4M
DHC
Faster 2-yr revenue CAGR
DHC
DHC
Annualised
DHC
1.2%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHC
DHC
FOR
FOR
Revenue
$379.6M
$273.0M
Net Profit
$-21.2M
$15.4M
Gross Margin
20.1%
Operating Margin
-12.6%
7.6%
Net Margin
-5.6%
5.6%
Revenue YoY
-0.0%
9.0%
Net Profit YoY
75.7%
-6.7%
EPS (diluted)
$-0.09
$0.30

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
FOR
FOR
Q4 25
$379.6M
$273.0M
Q3 25
$388.7M
$670.5M
Q2 25
$382.7M
$390.5M
Q1 25
$386.9M
$351.0M
Q4 24
$379.6M
$250.4M
Q3 24
$373.6M
$551.3M
Q2 24
$371.4M
$318.4M
Q1 24
$370.8M
$333.8M
Net Profit
DHC
DHC
FOR
FOR
Q4 25
$-21.2M
$15.4M
Q3 25
$-164.0M
$86.9M
Q2 25
$-91.6M
$32.9M
Q1 25
$-9.0M
$31.6M
Q4 24
$-87.4M
$16.5M
Q3 24
$-98.7M
$81.5M
Q2 24
$-97.9M
$38.7M
Q1 24
$-86.3M
$45.0M
Gross Margin
DHC
DHC
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
DHC
DHC
FOR
FOR
Q4 25
-12.6%
7.6%
Q3 25
-43.4%
16.9%
Q2 25
-24.5%
11.2%
Q1 25
-2.7%
11.6%
Q4 24
-26.1%
8.7%
Q3 24
-26.5%
19.7%
Q2 24
-23.0%
16.2%
Q1 24
-23.7%
17.6%
Net Margin
DHC
DHC
FOR
FOR
Q4 25
-5.6%
5.6%
Q3 25
-42.2%
13.0%
Q2 25
-23.9%
8.4%
Q1 25
-2.3%
9.0%
Q4 24
-23.0%
6.6%
Q3 24
-26.4%
14.8%
Q2 24
-26.3%
12.2%
Q1 24
-23.3%
13.5%
EPS (diluted)
DHC
DHC
FOR
FOR
Q4 25
$-0.09
$0.30
Q3 25
$-0.68
$1.70
Q2 25
$-0.38
$0.65
Q1 25
$-0.04
$0.62
Q4 24
$-0.37
$0.32
Q3 24
$-0.41
$1.59
Q2 24
$-0.41
$0.76
Q1 24
$-0.36
$0.89

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$105.4M
$211.7M
Total DebtLower is stronger
$2.4B
$793.2M
Stockholders' EquityBook value
$1.7B
$1.8B
Total Assets
$4.4B
$3.2B
Debt / EquityLower = less leverage
1.47×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
FOR
FOR
Q4 25
$105.4M
$211.7M
Q3 25
$201.4M
$379.2M
Q2 25
$141.8M
$189.2M
Q1 25
$302.6M
$174.3M
Q4 24
$144.6M
$132.0M
Q3 24
$256.5M
$481.2M
Q2 24
$265.6M
$359.2M
Q1 24
$207.1M
$416.2M
Total Debt
DHC
DHC
FOR
FOR
Q4 25
$2.4B
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$3.1B
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
DHC
DHC
FOR
FOR
Q4 25
$1.7B
$1.8B
Q3 25
$1.7B
$1.8B
Q2 25
$1.9B
$1.7B
Q1 25
$1.9B
$1.6B
Q4 24
$2.0B
$1.6B
Q3 24
$2.0B
$1.6B
Q2 24
$2.1B
$1.5B
Q1 24
$2.2B
$1.5B
Total Assets
DHC
DHC
FOR
FOR
Q4 25
$4.4B
$3.2B
Q3 25
$4.7B
$3.1B
Q2 25
$4.8B
$3.1B
Q1 25
$5.0B
$3.0B
Q4 24
$5.1B
$3.0B
Q3 24
$5.3B
$2.8B
Q2 24
$5.3B
$2.7B
Q1 24
$5.3B
$2.6B
Debt / Equity
DHC
DHC
FOR
FOR
Q4 25
1.47×
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
1.56×
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$-19.6M
$-157.0M
Free Cash FlowOCF − Capex
$-166.4M
$-157.1M
FCF MarginFCF / Revenue
-43.8%
-57.5%
Capex IntensityCapex / Revenue
38.7%
0.0%
Cash ConversionOCF / Net Profit
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
FOR
FOR
Q4 25
$-19.6M
$-157.0M
Q3 25
$-49.3M
$256.3M
Q2 25
$53.0M
$15.8M
Q1 25
$-3.2M
$-19.8M
Q4 24
$112.2M
$-450.0M
Q3 24
$21.1M
$119.2M
Q2 24
$44.3M
$-61.7M
Q1 24
$28.6M
$-59.2M
Free Cash Flow
DHC
DHC
FOR
FOR
Q4 25
$-166.4M
$-157.1M
Q3 25
$-89.8M
$255.6M
Q2 25
$18.8M
$15.0M
Q1 25
$-42.9M
$-20.5M
Q4 24
$-89.5M
Q3 24
$-26.1M
$118.4M
Q2 24
$3.3M
$-62.3M
Q1 24
$-18.1M
$-59.8M
FCF Margin
DHC
DHC
FOR
FOR
Q4 25
-43.8%
-57.5%
Q3 25
-23.1%
38.1%
Q2 25
4.9%
3.8%
Q1 25
-11.1%
-5.8%
Q4 24
-23.6%
Q3 24
-7.0%
21.5%
Q2 24
0.9%
-19.6%
Q1 24
-4.9%
-17.9%
Capex Intensity
DHC
DHC
FOR
FOR
Q4 25
38.7%
0.0%
Q3 25
10.4%
0.1%
Q2 25
8.9%
0.2%
Q1 25
10.2%
0.2%
Q4 24
53.1%
0.0%
Q3 24
12.6%
0.1%
Q2 24
11.0%
0.2%
Q1 24
12.6%
0.2%
Cash Conversion
DHC
DHC
FOR
FOR
Q4 25
-10.19×
Q3 25
2.95×
Q2 25
0.48×
Q1 25
-0.63×
Q4 24
-27.27×
Q3 24
1.46×
Q2 24
-1.59×
Q1 24
-1.32×

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%

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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