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

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $256.0M, roughly 1.5× Hudson Pacific Properties, Inc.). DIVERSIFIED HEALTHCARE TRUST runs the higher net margin — -5.6% vs -109.4%, a 103.8% gap on every dollar of revenue. On growth, Hudson Pacific Properties, Inc. posted the faster year-over-year revenue change (22.1% vs -0.0%). Over the past eight quarters, Hudson Pacific Properties, Inc.'s revenue compounded faster (9.4% 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 ...

Hudson Pacific Properties is a real estate investment trust with 15.8 million square feet of office buildings, 1.5 million square feet of sound stages, and undeveloped rights for 3 million square feet of additional commercial property. Its properties are on the West Coast of the United States and Vancouver. It is organized in Maryland and headquartered in Los Angeles. It is the largest independent operator of sound stages in Los Angeles.

DHC vs HPP — Head-to-Head

Bigger by revenue
DHC
DHC
1.5× larger
DHC
$379.6M
$256.0M
HPP
Growing faster (revenue YoY)
HPP
HPP
+22.1% gap
HPP
22.1%
-0.0%
DHC
Higher net margin
DHC
DHC
103.8% more per $
DHC
-5.6%
-109.4%
HPP
Faster 2-yr revenue CAGR
HPP
HPP
Annualised
HPP
9.4%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
HPP
HPP
Revenue
$379.6M
$256.0M
Net Profit
$-21.2M
$-280.2M
Gross Margin
60.0%
Operating Margin
-12.6%
-109.8%
Net Margin
-5.6%
-109.4%
Revenue YoY
-0.0%
22.1%
Net Profit YoY
75.7%
-61.5%
EPS (diluted)
$-0.09
$-11.57

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
HPP
HPP
Q4 25
$379.6M
$256.0M
Q3 25
$388.7M
$186.6M
Q2 25
$382.7M
$190.0M
Q1 25
$386.9M
$198.5M
Q4 24
$379.6M
$209.7M
Q3 24
$373.6M
$200.4M
Q2 24
$371.4M
$218.0M
Q1 24
$370.8M
$214.0M
Net Profit
DHC
DHC
HPP
HPP
Q4 25
$-21.2M
$-280.2M
Q3 25
$-164.0M
$-144.1M
Q2 25
$-91.6M
$-87.8M
Q1 25
$-9.0M
$-80.3M
Q4 24
$-87.4M
$-173.5M
Q3 24
$-98.7M
$-107.0M
Q2 24
$-97.9M
$-47.6M
Q1 24
$-86.3M
$-53.4M
Gross Margin
DHC
DHC
HPP
HPP
Q4 25
60.0%
Q3 25
44.3%
Q2 25
43.1%
Q1 25
42.9%
Q4 24
44.7%
Q3 24
42.7%
Q2 24
48.0%
Q1 24
48.6%
Operating Margin
DHC
DHC
HPP
HPP
Q4 25
-12.6%
-109.8%
Q3 25
-43.4%
-77.2%
Q2 25
-24.5%
-46.0%
Q1 25
-2.7%
-40.4%
Q4 24
-26.1%
-83.2%
Q3 24
-26.5%
-52.3%
Q2 24
-23.0%
-21.6%
Q1 24
-23.7%
-24.9%
Net Margin
DHC
DHC
HPP
HPP
Q4 25
-5.6%
-109.4%
Q3 25
-42.2%
-77.2%
Q2 25
-23.9%
-46.2%
Q1 25
-2.3%
-40.5%
Q4 24
-23.0%
-82.7%
Q3 24
-26.4%
-53.4%
Q2 24
-26.3%
-21.8%
Q1 24
-23.3%
-24.9%
EPS (diluted)
DHC
DHC
HPP
HPP
Q4 25
$-0.09
$-11.57
Q3 25
$-0.68
$-0.30
Q2 25
$-0.38
$-0.41
Q1 25
$-0.04
$-0.53
Q4 24
$-0.37
$-1.19
Q3 24
$-0.41
$-0.69
Q2 24
$-0.41
$-0.33
Q1 24
$-0.36
$-0.37

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
HPP
HPP
Cash + ST InvestmentsLiquidity on hand
$105.4M
$138.4M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$1.7B
$3.0B
Total Assets
$4.4B
$7.3B
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
HPP
HPP
Q4 25
$105.4M
$138.4M
Q3 25
$201.4M
$190.4M
Q2 25
$141.8M
$236.0M
Q1 25
$302.6M
$86.5M
Q4 24
$144.6M
$63.3M
Q3 24
$256.5M
$90.7M
Q2 24
$265.6M
$78.5M
Q1 24
$207.1M
$114.3M
Total Debt
DHC
DHC
HPP
HPP
Q4 25
$2.4B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
HPP
HPP
Q4 25
$1.7B
$3.0B
Q3 25
$1.7B
$3.2B
Q2 25
$1.9B
$3.4B
Q1 25
$1.9B
$2.8B
Q4 24
$2.0B
$2.9B
Q3 24
$2.0B
$3.0B
Q2 24
$2.1B
$3.1B
Q1 24
$2.2B
$3.2B
Total Assets
DHC
DHC
HPP
HPP
Q4 25
$4.4B
$7.3B
Q3 25
$4.7B
$7.8B
Q2 25
$4.8B
$8.1B
Q1 25
$5.0B
$8.0B
Q4 24
$5.1B
$8.1B
Q3 24
$5.3B
$8.3B
Q2 24
$5.3B
$8.4B
Q1 24
$5.3B
$8.3B
Debt / Equity
DHC
DHC
HPP
HPP
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
HPP
HPP
Operating Cash FlowLast quarter
$-19.6M
$121.0M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
HPP
HPP
Q4 25
$-19.6M
$121.0M
Q3 25
$-49.3M
$33.2M
Q2 25
$53.0M
$-2.0M
Q1 25
$-3.2M
$30.5M
Q4 24
$112.2M
$164.7M
Q3 24
$21.1M
$63.7M
Q2 24
$44.3M
$35.6M
Q1 24
$28.6M
$65.1M
Free Cash Flow
DHC
DHC
HPP
HPP
Q4 25
$-166.4M
Q3 25
$-89.8M
Q2 25
$18.8M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
Q1 24
$-18.1M
FCF Margin
DHC
DHC
HPP
HPP
Q4 25
-43.8%
Q3 25
-23.1%
Q2 25
4.9%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.9%
Capex Intensity
DHC
DHC
HPP
HPP
Q4 25
38.7%
Q3 25
10.4%
Q2 25
8.9%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Q1 24
12.6%

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%

HPP
HPP

Core Office$217.1M85%
Studio Segment$21.8M9%
Ancillary Revenue$20.2M8%
Chargebacks$3.3M1%

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