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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $208.9M, roughly 1.8× iRhythm Holdings, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -5.6%, a 8.3% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -0.0%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-166.4M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% 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 ...
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
DHC vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $208.9M |
| Net Profit | $-21.2M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | -12.6% | 1.1% |
| Net Margin | -5.6% | 2.7% |
| Revenue YoY | -0.0% | 27.1% |
| Net Profit YoY | 75.7% | 518.5% |
| EPS (diluted) | $-0.09 | $0.18 |
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 | $208.9M | ||
| Q3 25 | $388.7M | $192.9M | ||
| Q2 25 | $382.7M | $186.7M | ||
| Q1 25 | $386.9M | $158.7M | ||
| Q4 24 | $379.6M | $164.3M | ||
| Q3 24 | $373.6M | $147.5M | ||
| Q2 24 | $371.4M | $148.0M | ||
| Q1 24 | $370.8M | $131.9M |
| Q4 25 | $-21.2M | $5.6M | ||
| Q3 25 | $-164.0M | $-5.2M | ||
| Q2 25 | $-91.6M | $-14.2M | ||
| Q1 25 | $-9.0M | $-30.7M | ||
| Q4 24 | $-87.4M | $-1.3M | ||
| Q3 24 | $-98.7M | $-46.2M | ||
| Q2 24 | $-97.9M | $-20.1M | ||
| Q1 24 | $-86.3M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | -12.6% | 1.1% | ||
| Q3 25 | -43.4% | -4.4% | ||
| Q2 25 | -24.5% | -10.0% | ||
| Q1 25 | -2.7% | -20.5% | ||
| Q4 24 | -26.1% | -2.5% | ||
| Q3 24 | -26.5% | -34.1% | ||
| Q2 24 | -23.0% | -15.5% | ||
| Q1 24 | -23.7% | -28.9% |
| Q4 25 | -5.6% | 2.7% | ||
| Q3 25 | -42.2% | -2.7% | ||
| Q2 25 | -23.9% | -7.6% | ||
| Q1 25 | -2.3% | -19.3% | ||
| Q4 24 | -23.0% | -0.8% | ||
| Q3 24 | -26.4% | -31.3% | ||
| Q2 24 | -26.3% | -13.6% | ||
| Q1 24 | -23.3% | -34.6% |
| Q4 25 | $-0.09 | $0.18 | ||
| Q3 25 | $-0.68 | $-0.16 | ||
| Q2 25 | $-0.38 | $-0.44 | ||
| Q1 25 | $-0.04 | $-0.97 | ||
| Q4 24 | $-0.37 | $-0.03 | ||
| Q3 24 | $-0.41 | $-1.48 | ||
| Q2 24 | $-0.41 | $-0.65 | ||
| Q1 24 | $-0.36 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $152.7M |
| Total Assets | $4.4B | $1.0B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $583.8M | ||
| Q3 25 | $201.4M | $565.2M | ||
| Q2 25 | $141.8M | $545.5M | ||
| Q1 25 | $302.6M | $520.6M | ||
| Q4 24 | $144.6M | $535.6M | ||
| Q3 24 | $256.5M | $522.0M | ||
| Q2 24 | $265.6M | $561.5M | ||
| Q1 24 | $207.1M | $569.1M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $152.7M | ||
| Q3 25 | $1.7B | $121.9M | ||
| Q2 25 | $1.9B | $103.7M | ||
| Q1 25 | $1.9B | $86.7M | ||
| Q4 24 | $2.0B | $90.9M | ||
| Q3 24 | $2.0B | $71.8M | ||
| Q2 24 | $2.1B | $99.2M | ||
| Q1 24 | $2.2B | $90.3M |
| Q4 25 | $4.4B | $1.0B | ||
| Q3 25 | $4.7B | $995.2M | ||
| Q2 25 | $4.8B | $964.0M | ||
| Q1 25 | $5.0B | $926.1M | ||
| Q4 24 | $5.1B | $931.4M | ||
| Q3 24 | $5.3B | $909.7M | ||
| Q2 24 | $5.3B | $919.2M | ||
| Q1 24 | $5.3B | $909.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-19.6M | $26.2M |
| Free Cash FlowOCF − Capex | $-166.4M | $14.5M |
| FCF MarginFCF / Revenue | -43.8% | 6.9% |
| Capex IntensityCapex / Revenue | 38.7% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $26.2M | ||
| Q3 25 | $-49.3M | $34.9M | ||
| Q2 25 | $53.0M | $27.7M | ||
| Q1 25 | $-3.2M | $-7.9M | ||
| Q4 24 | $112.2M | $19.2M | ||
| Q3 24 | $21.1M | $24.3M | ||
| Q2 24 | $44.3M | $11.8M | ||
| Q1 24 | $28.6M | $-52.0M |
| Q4 25 | $-166.4M | $14.5M | ||
| Q3 25 | $-89.8M | $20.1M | ||
| Q2 25 | $18.8M | $17.3M | ||
| Q1 25 | $-42.9M | $-17.3M | ||
| Q4 24 | $-89.5M | $12.4M | ||
| Q3 24 | $-26.1M | $15.5M | ||
| Q2 24 | $3.3M | $3.4M | ||
| Q1 24 | $-18.1M | $-61.8M |
| Q4 25 | -43.8% | 6.9% | ||
| Q3 25 | -23.1% | 10.4% | ||
| Q2 25 | 4.9% | 9.3% | ||
| Q1 25 | -11.1% | -10.9% | ||
| Q4 24 | -23.6% | 7.5% | ||
| Q3 24 | -7.0% | 10.5% | ||
| Q2 24 | 0.9% | 2.3% | ||
| Q1 24 | -4.9% | -46.8% |
| Q4 25 | 38.7% | 5.6% | ||
| Q3 25 | 10.4% | 7.7% | ||
| Q2 25 | 8.9% | 5.6% | ||
| Q1 25 | 10.2% | 5.9% | ||
| Q4 24 | 53.1% | 4.2% | ||
| Q3 24 | 12.6% | 6.0% | ||
| Q2 24 | 11.0% | 5.7% | ||
| Q1 24 | 12.6% | 7.4% |
| Q4 25 | — | 4.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
