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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $379.6M, roughly 1.6× DIVERSIFIED HEALTHCARE TRUST). Cloudflare, Inc. runs the higher net margin — -2.0% vs -5.6%, a 3.6% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -0.0%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-166.4M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% 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 ...
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
DHC vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $614.5M |
| Net Profit | $-21.2M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | -12.6% | -8.0% |
| Net Margin | -5.6% | -2.0% |
| Revenue YoY | -0.0% | 33.6% |
| Net Profit YoY | 75.7% | 6.0% |
| EPS (diluted) | $-0.09 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $388.7M | $562.0M | ||
| Q2 25 | $382.7M | $512.3M | ||
| Q1 25 | $386.9M | $479.1M | ||
| Q4 24 | $379.6M | $459.9M | ||
| Q3 24 | $373.6M | $430.1M | ||
| Q2 24 | $371.4M | $401.0M | ||
| Q1 24 | $370.8M | $378.6M |
| Q4 25 | $-21.2M | $-12.1M | ||
| Q3 25 | $-164.0M | $-1.3M | ||
| Q2 25 | $-91.6M | $-50.4M | ||
| Q1 25 | $-9.0M | $-38.5M | ||
| Q4 24 | $-87.4M | $-12.8M | ||
| Q3 24 | $-98.7M | $-15.3M | ||
| Q2 24 | $-97.9M | $-15.1M | ||
| Q1 24 | $-86.3M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | -12.6% | -8.0% | ||
| Q3 25 | -43.4% | -6.7% | ||
| Q2 25 | -24.5% | -13.1% | ||
| Q1 25 | -2.7% | -11.1% | ||
| Q4 24 | -26.1% | -7.5% | ||
| Q3 24 | -26.5% | -7.2% | ||
| Q2 24 | -23.0% | -8.7% | ||
| Q1 24 | -23.7% | -14.4% |
| Q4 25 | -5.6% | -2.0% | ||
| Q3 25 | -42.2% | -0.2% | ||
| Q2 25 | -23.9% | -9.8% | ||
| Q1 25 | -2.3% | -8.0% | ||
| Q4 24 | -23.0% | -2.8% | ||
| Q3 24 | -26.4% | -3.6% | ||
| Q2 24 | -26.3% | -3.8% | ||
| Q1 24 | -23.3% | -9.4% |
| Q4 25 | $-0.09 | $-0.03 | ||
| Q3 25 | $-0.68 | $0.00 | ||
| Q2 25 | $-0.38 | $-0.15 | ||
| Q1 25 | $-0.04 | $-0.11 | ||
| Q4 24 | $-0.37 | $-0.05 | ||
| Q3 24 | $-0.41 | $-0.04 | ||
| Q2 24 | $-0.41 | $-0.04 | ||
| Q1 24 | $-0.36 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| Total Assets | $4.4B | $6.0B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $943.5M | ||
| Q3 25 | $201.4M | $1.1B | ||
| Q2 25 | $141.8M | $1.5B | ||
| Q1 25 | $302.6M | $204.5M | ||
| Q4 24 | $144.6M | $147.7M | ||
| Q3 24 | $256.5M | $182.9M | ||
| Q2 24 | $265.6M | $157.0M | ||
| Q1 24 | $207.1M | $254.4M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.0B | $973.1M | ||
| Q2 24 | $2.1B | $881.5M | ||
| Q1 24 | $2.2B | $797.2M |
| Q4 25 | $4.4B | $6.0B | ||
| Q3 25 | $4.7B | $5.8B | ||
| Q2 25 | $4.8B | $5.6B | ||
| Q1 25 | $5.0B | $3.7B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.3B | $3.1B | ||
| Q2 24 | $5.3B | $2.9B | ||
| Q1 24 | $5.3B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | $-166.4M | $105.2M |
| FCF MarginFCF / Revenue | -43.8% | 17.1% |
| Capex IntensityCapex / Revenue | 38.7% | 13.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $190.4M | ||
| Q3 25 | $-49.3M | $167.1M | ||
| Q2 25 | $53.0M | $99.8M | ||
| Q1 25 | $-3.2M | $145.8M | ||
| Q4 24 | $112.2M | $127.3M | ||
| Q3 24 | $21.1M | $104.7M | ||
| Q2 24 | $44.3M | $74.8M | ||
| Q1 24 | $28.6M | $73.6M |
| Q4 25 | $-166.4M | $105.2M | ||
| Q3 25 | $-89.8M | $82.5M | ||
| Q2 25 | $18.8M | $39.9M | ||
| Q1 25 | $-42.9M | $59.9M | ||
| Q4 24 | $-89.5M | $54.2M | ||
| Q3 24 | $-26.1M | $54.5M | ||
| Q2 24 | $3.3M | $45.2M | ||
| Q1 24 | $-18.1M | $41.5M |
| Q4 25 | -43.8% | 17.1% | ||
| Q3 25 | -23.1% | 14.7% | ||
| Q2 25 | 4.9% | 7.8% | ||
| Q1 25 | -11.1% | 12.5% | ||
| Q4 24 | -23.6% | 11.8% | ||
| Q3 24 | -7.0% | 12.7% | ||
| Q2 24 | 0.9% | 11.3% | ||
| Q1 24 | -4.9% | 11.0% |
| Q4 25 | 38.7% | 13.9% | ||
| Q3 25 | 10.4% | 15.1% | ||
| Q2 25 | 8.9% | 11.7% | ||
| Q1 25 | 10.2% | 17.9% | ||
| Q4 24 | 53.1% | 15.9% | ||
| Q3 24 | 12.6% | 11.7% | ||
| Q2 24 | 11.0% | 7.4% | ||
| Q1 24 | 12.6% | 8.5% |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
