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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $330.5M, roughly 1.1× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -5.6%, a 11.8% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -0.0%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-166.4M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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 ...

Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.

DHC vs PAY — Head-to-Head

Bigger by revenue
DHC
DHC
1.1× larger
DHC
$379.6M
$330.5M
PAY
Growing faster (revenue YoY)
PAY
PAY
+28.2% gap
PAY
28.1%
-0.0%
DHC
Higher net margin
PAY
PAY
11.8% more per $
PAY
6.3%
-5.6%
DHC
More free cash flow
PAY
PAY
$211.5M more FCF
PAY
$45.0M
$-166.4M
DHC
Faster 2-yr revenue CAGR
PAY
PAY
Annualised
PAY
33.7%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
PAY
PAY
Revenue
$379.6M
$330.5M
Net Profit
$-21.2M
$20.7M
Gross Margin
25.4%
Operating Margin
-12.6%
7.3%
Net Margin
-5.6%
6.3%
Revenue YoY
-0.0%
28.1%
Net Profit YoY
75.7%
57.2%
EPS (diluted)
$-0.09
$0.16

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.

Revenue
DHC
DHC
PAY
PAY
Q4 25
$379.6M
$330.5M
Q3 25
$388.7M
$310.7M
Q2 25
$382.7M
$280.1M
Q1 25
$386.9M
$275.2M
Q4 24
$379.6M
$257.9M
Q3 24
$373.6M
$231.6M
Q2 24
$371.4M
$197.4M
Q1 24
$370.8M
$184.9M
Net Profit
DHC
DHC
PAY
PAY
Q4 25
$-21.2M
$20.7M
Q3 25
$-164.0M
$17.7M
Q2 25
$-91.6M
$14.7M
Q1 25
$-9.0M
$13.8M
Q4 24
$-87.4M
$13.1M
Q3 24
$-98.7M
$14.4M
Q2 24
$-97.9M
$9.4M
Q1 24
$-86.3M
$7.2M
Gross Margin
DHC
DHC
PAY
PAY
Q4 25
25.4%
Q3 25
24.1%
Q2 25
25.5%
Q1 25
24.0%
Q4 24
25.6%
Q3 24
26.2%
Q2 24
29.8%
Q1 24
28.5%
Operating Margin
DHC
DHC
PAY
PAY
Q4 25
-12.6%
7.3%
Q3 25
-43.4%
6.4%
Q2 25
-24.5%
5.7%
Q1 25
-2.7%
5.7%
Q4 24
-26.1%
5.5%
Q3 24
-26.5%
5.2%
Q2 24
-23.0%
5.2%
Q1 24
-23.7%
4.5%
Net Margin
DHC
DHC
PAY
PAY
Q4 25
-5.6%
6.3%
Q3 25
-42.2%
5.7%
Q2 25
-23.9%
5.3%
Q1 25
-2.3%
5.0%
Q4 24
-23.0%
5.1%
Q3 24
-26.4%
6.2%
Q2 24
-26.3%
4.7%
Q1 24
-23.3%
3.9%
EPS (diluted)
DHC
DHC
PAY
PAY
Q4 25
$-0.09
$0.16
Q3 25
$-0.68
$0.14
Q2 25
$-0.38
$0.11
Q1 25
$-0.04
$0.11
Q4 24
$-0.37
$0.11
Q3 24
$-0.41
$0.11
Q2 24
$-0.41
$0.07
Q1 24
$-0.36
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHC
DHC
PAY
PAY
Cash + ST InvestmentsLiquidity on hand
$105.4M
$320.9M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$1.7B
$560.4M
Total Assets
$4.4B
$667.9M
Debt / EquityLower = less leverage
1.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
PAY
PAY
Q4 25
$105.4M
$320.9M
Q3 25
$201.4M
$287.9M
Q2 25
$141.8M
$266.4M
Q1 25
$302.6M
$245.8M
Q4 24
$144.6M
$205.9M
Q3 24
$256.5M
$187.5M
Q2 24
$265.6M
$188.8M
Q1 24
$207.1M
$180.1M
Total Debt
DHC
DHC
PAY
PAY
Q4 25
$2.4B
Q3 25
Q2 25
Q1 25
Q4 24
$3.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
PAY
PAY
Q4 25
$1.7B
$560.4M
Q3 25
$1.7B
$537.4M
Q2 25
$1.9B
$516.7M
Q1 25
$1.9B
$500.4M
Q4 24
$2.0B
$485.6M
Q3 24
$2.0B
$468.8M
Q2 24
$2.1B
$451.6M
Q1 24
$2.2B
$439.4M
Total Assets
DHC
DHC
PAY
PAY
Q4 25
$4.4B
$667.9M
Q3 25
$4.7B
$644.4M
Q2 25
$4.8B
$609.5M
Q1 25
$5.0B
$590.9M
Q4 24
$5.1B
$576.2M
Q3 24
$5.3B
$552.9M
Q2 24
$5.3B
$527.7M
Q1 24
$5.3B
$514.0M
Debt / Equity
DHC
DHC
PAY
PAY
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
DHC
DHC
PAY
PAY
Operating Cash FlowLast quarter
$-19.6M
$45.1M
Free Cash FlowOCF − Capex
$-166.4M
$45.0M
FCF MarginFCF / Revenue
-43.8%
13.6%
Capex IntensityCapex / Revenue
38.7%
0.0%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$161.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
PAY
PAY
Q4 25
$-19.6M
$45.1M
Q3 25
$-49.3M
$35.1M
Q2 25
$53.0M
$31.5M
Q1 25
$-3.2M
$50.4M
Q4 24
$112.2M
$27.9M
Q3 24
$21.1M
$6.7M
Q2 24
$44.3M
$18.0M
Q1 24
$28.6M
$11.0M
Free Cash Flow
DHC
DHC
PAY
PAY
Q4 25
$-166.4M
$45.0M
Q3 25
$-89.8M
$35.0M
Q2 25
$18.8M
$31.4M
Q1 25
$-42.9M
$50.4M
Q4 24
$-89.5M
$27.8M
Q3 24
$-26.1M
$6.7M
Q2 24
$3.3M
$17.8M
Q1 24
$-18.1M
$10.8M
FCF Margin
DHC
DHC
PAY
PAY
Q4 25
-43.8%
13.6%
Q3 25
-23.1%
11.3%
Q2 25
4.9%
11.2%
Q1 25
-11.1%
18.3%
Q4 24
-23.6%
10.8%
Q3 24
-7.0%
2.9%
Q2 24
0.9%
9.0%
Q1 24
-4.9%
5.9%
Capex Intensity
DHC
DHC
PAY
PAY
Q4 25
38.7%
0.0%
Q3 25
10.4%
0.0%
Q2 25
8.9%
0.0%
Q1 25
10.2%
0.0%
Q4 24
53.1%
0.0%
Q3 24
12.6%
0.0%
Q2 24
11.0%
0.1%
Q1 24
12.6%
0.1%
Cash Conversion
DHC
DHC
PAY
PAY
Q4 25
2.18×
Q3 25
1.98×
Q2 25
2.14×
Q1 25
3.65×
Q4 24
2.12×
Q3 24
0.47×
Q2 24
1.93×
Q1 24
1.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

PAY
PAY

Payment Transaction Processing Revenue$326.9M99%
Other$3.5M1%

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