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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $218.2M, roughly 1.7× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs -5.6%, a 18.5% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -13.5%). ONTO INNOVATION INC. produced more free cash flow last quarter ($82.0M vs $-166.4M). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% 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 ...
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
DHC vs ONTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $218.2M |
| Net Profit | $-21.2M | $28.2M |
| Gross Margin | — | 50.7% |
| Operating Margin | -12.6% | 10.9% |
| Net Margin | -5.6% | 12.9% |
| Revenue YoY | -0.0% | -13.5% |
| Net Profit YoY | 75.7% | -46.8% |
| EPS (diluted) | $-0.09 | $0.57 |
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.
| Q4 25 | $379.6M | — | ||
| Q3 25 | $388.7M | $218.2M | ||
| Q2 25 | $382.7M | $253.6M | ||
| Q1 25 | $386.9M | $266.6M | ||
| Q4 24 | $379.6M | $263.9M | ||
| Q3 24 | $373.6M | $252.2M | ||
| Q2 24 | $371.4M | $242.3M | ||
| Q1 24 | $370.8M | $228.8M |
| Q4 25 | $-21.2M | — | ||
| Q3 25 | $-164.0M | $28.2M | ||
| Q2 25 | $-91.6M | $33.9M | ||
| Q1 25 | $-9.0M | $64.1M | ||
| Q4 24 | $-87.4M | $48.8M | ||
| Q3 24 | $-98.7M | $53.1M | ||
| Q2 24 | $-97.9M | $52.9M | ||
| Q1 24 | $-86.3M | $46.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% | ||
| Q1 24 | — | 51.7% |
| Q4 25 | -12.6% | — | ||
| Q3 25 | -43.4% | 10.9% | ||
| Q2 25 | -24.5% | 12.7% | ||
| Q1 25 | -2.7% | 23.7% | ||
| Q4 24 | -26.1% | 16.1% | ||
| Q3 24 | -26.5% | 21.0% | ||
| Q2 24 | -23.0% | 20.2% | ||
| Q1 24 | -23.7% | 18.7% |
| Q4 25 | -5.6% | — | ||
| Q3 25 | -42.2% | 12.9% | ||
| Q2 25 | -23.9% | 13.4% | ||
| Q1 25 | -2.3% | 24.0% | ||
| Q4 24 | -23.0% | 18.5% | ||
| Q3 24 | -26.4% | 21.0% | ||
| Q2 24 | -26.3% | 21.9% | ||
| Q1 24 | -23.3% | 20.5% |
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.68 | $0.57 | ||
| Q2 25 | $-0.38 | $0.69 | ||
| Q1 25 | $-0.04 | $1.30 | ||
| Q4 24 | $-0.37 | $0.98 | ||
| Q3 24 | $-0.41 | $1.07 | ||
| Q2 24 | $-0.41 | $1.07 | ||
| Q1 24 | $-0.36 | $0.94 |
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 | $603.1M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $2.0B |
| Total Assets | $4.4B | $2.2B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | — | ||
| Q3 25 | $201.4M | $603.1M | ||
| Q2 25 | $141.8M | $217.5M | ||
| Q1 25 | $302.6M | $203.7M | ||
| Q4 24 | $144.6M | $212.9M | ||
| Q3 24 | $256.5M | $188.7M | ||
| Q2 24 | $265.6M | $172.6M | ||
| Q1 24 | $207.1M | $190.9M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $2.0B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.2B | $1.8B |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.7B | $2.2B | ||
| 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 | $2.0B | ||
| Q1 24 | $5.3B | $2.0B |
| 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 | $83.4M |
| Free Cash FlowOCF − Capex | $-166.4M | $82.0M |
| FCF MarginFCF / Revenue | -43.8% | 37.6% |
| Capex IntensityCapex / Revenue | 38.7% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | — | ||
| Q3 25 | $-49.3M | $83.4M | ||
| Q2 25 | $53.0M | $57.9M | ||
| Q1 25 | $-3.2M | $92.0M | ||
| Q4 24 | $112.2M | $56.0M | ||
| Q3 24 | $21.1M | $67.2M | ||
| Q2 24 | $44.3M | $65.3M | ||
| Q1 24 | $28.6M | $57.1M |
| Q4 25 | $-166.4M | — | ||
| Q3 25 | $-89.8M | $82.0M | ||
| Q2 25 | $18.8M | $44.2M | ||
| Q1 25 | $-42.9M | $83.7M | ||
| Q4 24 | $-89.5M | $51.4M | ||
| Q3 24 | $-26.1M | $59.2M | ||
| Q2 24 | $3.3M | $53.0M | ||
| Q1 24 | $-18.1M | $50.2M |
| Q4 25 | -43.8% | — | ||
| Q3 25 | -23.1% | 37.6% | ||
| Q2 25 | 4.9% | 17.4% | ||
| Q1 25 | -11.1% | 31.4% | ||
| Q4 24 | -23.6% | 19.5% | ||
| Q3 24 | -7.0% | 23.5% | ||
| Q2 24 | 0.9% | 21.9% | ||
| Q1 24 | -4.9% | 21.9% |
| Q4 25 | 38.7% | — | ||
| Q3 25 | 10.4% | 0.6% | ||
| Q2 25 | 8.9% | 5.4% | ||
| Q1 25 | 10.2% | 3.1% | ||
| Q4 24 | 53.1% | 1.8% | ||
| Q3 24 | 12.6% | 3.2% | ||
| Q2 24 | 11.0% | 5.1% | ||
| Q1 24 | 12.6% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | — | 1.22× |
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% |
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
