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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $379.6M, roughly 1.8× DIVERSIFIED HEALTHCARE TRUST). Natera, Inc. runs the higher net margin — 7.1% vs -5.6%, a 12.7% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs -0.0%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $-166.4M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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 ...
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
DHC vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $379.6M | $665.5M |
| Net Profit | $-21.2M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | -12.6% | -3.4% |
| Net Margin | -5.6% | 7.1% |
| Revenue YoY | -0.0% | 39.8% |
| Net Profit YoY | 75.7% | 187.9% |
| EPS (diluted) | $-0.09 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $388.7M | $592.2M | ||
| Q2 25 | $382.7M | $546.6M | ||
| Q1 25 | $386.9M | $501.8M | ||
| Q4 24 | $379.6M | $476.1M | ||
| Q3 24 | $373.6M | $439.8M | ||
| Q2 24 | $371.4M | $413.4M | ||
| Q1 24 | $370.8M | $367.7M |
| Q4 25 | $-21.2M | $47.3M | ||
| Q3 25 | $-164.0M | $-87.5M | ||
| Q2 25 | $-91.6M | $-100.9M | ||
| Q1 25 | $-9.0M | $-66.9M | ||
| Q4 24 | $-87.4M | $-53.8M | ||
| Q3 24 | $-98.7M | $-31.6M | ||
| Q2 24 | $-97.9M | $-37.5M | ||
| Q1 24 | $-86.3M | $-67.6M |
| Q4 25 | -12.6% | -3.4% | ||
| Q3 25 | -43.4% | -16.5% | ||
| Q2 25 | -24.5% | -20.2% | ||
| Q1 25 | -2.7% | -15.8% | ||
| Q4 24 | -26.1% | -13.6% | ||
| Q3 24 | -26.5% | -8.9% | ||
| Q2 24 | -23.0% | -10.6% | ||
| Q1 24 | -23.7% | -20.2% |
| Q4 25 | -5.6% | 7.1% | ||
| Q3 25 | -42.2% | -14.8% | ||
| Q2 25 | -23.9% | -18.5% | ||
| Q1 25 | -2.3% | -13.3% | ||
| Q4 24 | -23.0% | -11.3% | ||
| Q3 24 | -26.4% | -7.2% | ||
| Q2 24 | -26.3% | -9.1% | ||
| Q1 24 | -23.3% | -18.4% |
| Q4 25 | $-0.09 | $0.36 | ||
| Q3 25 | $-0.68 | $-0.64 | ||
| Q2 25 | $-0.38 | $-0.74 | ||
| Q1 25 | $-0.04 | $-0.50 | ||
| Q4 24 | $-0.37 | $-0.41 | ||
| Q3 24 | $-0.41 | $-0.26 | ||
| Q2 24 | $-0.41 | $-0.30 | ||
| Q1 24 | $-0.36 | $-0.56 |
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 | — |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $1.7B |
| Total Assets | $4.4B | $2.4B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | — | ||
| Q3 25 | $201.4M | $1.0M | ||
| Q2 25 | $141.8M | $16.0M | ||
| Q1 25 | $302.6M | $17.8M | ||
| Q4 24 | $144.6M | $22.7M | ||
| Q3 24 | $256.5M | $29.5M | ||
| Q2 24 | $265.6M | $90.3M | ||
| Q1 24 | $207.1M | $69.1M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $878.5M | ||
| Q2 24 | $2.1B | $836.5M | ||
| Q1 24 | $2.2B | $794.1M |
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.7B | $1.8B | ||
| Q2 25 | $4.8B | $1.8B | ||
| Q1 25 | $5.0B | $1.7B | ||
| Q4 24 | $5.1B | $1.7B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.3B | $1.5B |
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | $-166.4M | $37.8M |
| FCF MarginFCF / Revenue | -43.8% | 5.7% |
| Capex IntensityCapex / Revenue | 38.7% | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $73.9M | ||
| Q3 25 | $-49.3M | $59.4M | ||
| Q2 25 | $53.0M | $37.6M | ||
| Q1 25 | $-3.2M | $44.5M | ||
| Q4 24 | $112.2M | $52.9M | ||
| Q3 24 | $21.1M | $51.8M | ||
| Q2 24 | $44.3M | $4.0M | ||
| Q1 24 | $28.6M | $27.0M |
| Q4 25 | $-166.4M | $37.8M | ||
| Q3 25 | $-89.8M | $37.0M | ||
| Q2 25 | $18.8M | $11.7M | ||
| Q1 25 | $-42.9M | $22.6M | ||
| Q4 24 | $-89.5M | $34.8M | ||
| Q3 24 | $-26.1M | $35.5M | ||
| Q2 24 | $3.3M | $-7.7M | ||
| Q1 24 | $-18.1M | $6.7M |
| Q4 25 | -43.8% | 5.7% | ||
| Q3 25 | -23.1% | 6.2% | ||
| Q2 25 | 4.9% | 2.1% | ||
| Q1 25 | -11.1% | 4.5% | ||
| Q4 24 | -23.6% | 7.3% | ||
| Q3 24 | -7.0% | 8.1% | ||
| Q2 24 | 0.9% | -1.9% | ||
| Q1 24 | -4.9% | 1.8% |
| Q4 25 | 38.7% | 5.4% | ||
| Q3 25 | 10.4% | 3.8% | ||
| Q2 25 | 8.9% | 4.7% | ||
| Q1 25 | 10.2% | 4.3% | ||
| Q4 24 | 53.1% | 3.8% | ||
| Q3 24 | 12.6% | 3.7% | ||
| Q2 24 | 11.0% | 2.8% | ||
| Q1 24 | 12.6% | 5.5% |
| Q4 25 | — | 1.56× | ||
| 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% |
NTRA
Segment breakdown not available.