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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $379.6M, roughly 1.0× DIVERSIFIED HEALTHCARE TRUST). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -5.6%, a 8.6% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -0.0%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-166.4M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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 ...
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
DHC vs LFST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $379.6M | $382.2M |
| Net Profit | $-21.2M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | -12.6% | 4.7% |
| Net Margin | -5.6% | 3.1% |
| Revenue YoY | -0.0% | 17.4% |
| Net Profit YoY | 75.7% | 264.1% |
| EPS (diluted) | $-0.09 | — |
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 | $382.2M | ||
| Q3 25 | $388.7M | $363.8M | ||
| Q2 25 | $382.7M | $345.3M | ||
| Q1 25 | $386.9M | $333.0M | ||
| Q4 24 | $379.6M | $325.5M | ||
| Q3 24 | $373.6M | $312.7M | ||
| Q2 24 | $371.4M | $312.3M | ||
| Q1 24 | $370.8M | $300.4M |
| Q4 25 | $-21.2M | $11.7M | ||
| Q3 25 | $-164.0M | $1.1M | ||
| Q2 25 | $-91.6M | $-3.8M | ||
| Q1 25 | $-9.0M | $709.0K | ||
| Q4 24 | $-87.4M | $-7.1M | ||
| Q3 24 | $-98.7M | $-6.0M | ||
| Q2 24 | $-97.9M | $-23.3M | ||
| Q1 24 | $-86.3M | $-21.1M |
| Q4 25 | -12.6% | 4.7% | ||
| Q3 25 | -43.4% | 2.0% | ||
| Q2 25 | -24.5% | -0.9% | ||
| Q1 25 | -2.7% | 0.5% | ||
| Q4 24 | -26.1% | 0.3% | ||
| Q3 24 | -26.5% | 0.0% | ||
| Q2 24 | -23.0% | -5.1% | ||
| Q1 24 | -23.7% | -5.6% |
| Q4 25 | -5.6% | 3.1% | ||
| Q3 25 | -42.2% | 0.3% | ||
| Q2 25 | -23.9% | -1.1% | ||
| Q1 25 | -2.3% | 0.2% | ||
| Q4 24 | -23.0% | -2.2% | ||
| Q3 24 | -26.4% | -1.9% | ||
| Q2 24 | -26.3% | -7.5% | ||
| Q1 24 | -23.3% | -7.0% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.68 | — | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.41 | — | ||
| Q2 24 | $-0.41 | — | ||
| Q1 24 | $-0.36 | — |
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 | $248.6M |
| Total DebtLower is stronger | $2.4B | $282.8M |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| Total Assets | $4.4B | $2.2B |
| Debt / EquityLower = less leverage | 1.47× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $248.6M | ||
| Q3 25 | $201.4M | $203.9M | ||
| Q2 25 | $141.8M | $188.9M | ||
| Q1 25 | $302.6M | $134.3M | ||
| Q4 24 | $144.6M | $154.6M | ||
| Q3 24 | $256.5M | $102.6M | ||
| Q2 24 | $265.6M | $87.0M | ||
| Q1 24 | $207.1M | $49.5M |
| Q4 25 | $2.4B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $3.1B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $2.1B | $1.4B | ||
| Q1 24 | $2.2B | $1.4B |
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $5.0B | $2.1B | ||
| Q4 24 | $5.1B | $2.1B | ||
| Q3 24 | $5.3B | $2.1B | ||
| Q2 24 | $5.3B | $2.1B | ||
| Q1 24 | $5.3B | $2.1B |
| Q4 25 | 1.47× | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.56× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $57.6M |
| Free Cash FlowOCF − Capex | $-166.4M | $46.6M |
| FCF MarginFCF / Revenue | -43.8% | 12.2% |
| Capex IntensityCapex / Revenue | 38.7% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $57.6M | ||
| Q3 25 | $-49.3M | $27.3M | ||
| Q2 25 | $53.0M | $64.4M | ||
| Q1 25 | $-3.2M | $-3.1M | ||
| Q4 24 | $112.2M | $62.3M | ||
| Q3 24 | $21.1M | $22.7M | ||
| Q2 24 | $44.3M | $44.1M | ||
| Q1 24 | $28.6M | $-21.8M |
| Q4 25 | $-166.4M | $46.6M | ||
| Q3 25 | $-89.8M | $17.0M | ||
| Q2 25 | $18.8M | $56.6M | ||
| Q1 25 | $-42.9M | $-10.3M | ||
| Q4 24 | $-89.5M | $56.0M | ||
| Q3 24 | $-26.1M | $17.7M | ||
| Q2 24 | $3.3M | $39.0M | ||
| Q1 24 | $-18.1M | $-26.9M |
| Q4 25 | -43.8% | 12.2% | ||
| Q3 25 | -23.1% | 4.7% | ||
| Q2 25 | 4.9% | 16.4% | ||
| Q1 25 | -11.1% | -3.1% | ||
| Q4 24 | -23.6% | 17.2% | ||
| Q3 24 | -7.0% | 5.7% | ||
| Q2 24 | 0.9% | 12.5% | ||
| Q1 24 | -4.9% | -9.0% |
| Q4 25 | 38.7% | 2.9% | ||
| Q3 25 | 10.4% | 2.8% | ||
| Q2 25 | 8.9% | 2.2% | ||
| Q1 25 | 10.2% | 2.2% | ||
| Q4 24 | 53.1% | 1.9% | ||
| Q3 24 | 12.6% | 1.6% | ||
| Q2 24 | 11.0% | 1.6% | ||
| Q1 24 | 12.6% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| 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% |
LFST
Segment breakdown not available.