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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $252.7M, roughly 1.5× PROGRESS SOFTWARE CORP). PROGRESS SOFTWARE CORP runs the higher net margin — 10.2% vs -5.6%, a 15.8% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs -0.0%). PROGRESS SOFTWARE CORP produced more free cash flow last quarter ($59.9M vs $-166.4M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% 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 ...

Progress Software Corporation develops and sells enterprise software products including application development platforms, data connectivity tools, and digital experience solutions. It serves global enterprise clients across finance, healthcare, manufacturing, retail and other sectors, helping organizations build scalable, high-performance business applications and streamline operational workflows.

DHC vs PRGS — Head-to-Head

Bigger by revenue
DHC
DHC
1.5× larger
DHC
$379.6M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+17.6% gap
PRGS
17.5%
-0.0%
DHC
Higher net margin
PRGS
PRGS
15.8% more per $
PRGS
10.2%
-5.6%
DHC
More free cash flow
PRGS
PRGS
$226.4M more FCF
PRGS
$59.9M
$-166.4M
DHC
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
PRGS
PRGS
Revenue
$379.6M
$252.7M
Net Profit
$-21.2M
$25.7M
Gross Margin
81.6%
Operating Margin
-12.6%
15.2%
Net Margin
-5.6%
10.2%
Revenue YoY
-0.0%
17.5%
Net Profit YoY
75.7%
2144.6%
EPS (diluted)
$-0.09
$0.59

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
PRGS
PRGS
Q4 25
$379.6M
$252.7M
Q3 25
$388.7M
$249.8M
Q2 25
$382.7M
$237.4M
Q1 25
$386.9M
$238.0M
Q4 24
$379.6M
$215.0M
Q3 24
$373.6M
$178.7M
Q2 24
$371.4M
$175.1M
Q1 24
$370.8M
$184.7M
Net Profit
DHC
DHC
PRGS
PRGS
Q4 25
$-21.2M
$25.7M
Q3 25
$-164.0M
$19.4M
Q2 25
$-91.6M
$17.0M
Q1 25
$-9.0M
$10.9M
Q4 24
$-87.4M
$1.1M
Q3 24
$-98.7M
$28.5M
Q2 24
$-97.9M
$16.2M
Q1 24
$-86.3M
$22.6M
Gross Margin
DHC
DHC
PRGS
PRGS
Q4 25
81.6%
Q3 25
81.0%
Q2 25
80.1%
Q1 25
80.6%
Q4 24
83.0%
Q3 24
83.7%
Q2 24
81.7%
Q1 24
82.2%
Operating Margin
DHC
DHC
PRGS
PRGS
Q4 25
-12.6%
15.2%
Q3 25
-43.4%
17.6%
Q2 25
-24.5%
16.3%
Q1 25
-2.7%
13.6%
Q4 24
-26.1%
10.0%
Q3 24
-26.5%
22.6%
Q2 24
-23.0%
15.5%
Q1 24
-23.7%
19.0%
Net Margin
DHC
DHC
PRGS
PRGS
Q4 25
-5.6%
10.2%
Q3 25
-42.2%
7.8%
Q2 25
-23.9%
7.2%
Q1 25
-2.3%
4.6%
Q4 24
-23.0%
0.5%
Q3 24
-26.4%
15.9%
Q2 24
-26.3%
9.2%
Q1 24
-23.3%
12.3%
EPS (diluted)
DHC
DHC
PRGS
PRGS
Q4 25
$-0.09
$0.59
Q3 25
$-0.68
$0.44
Q2 25
$-0.38
$0.39
Q1 25
$-0.04
$0.24
Q4 24
$-0.37
$0.01
Q3 24
$-0.41
$0.65
Q2 24
$-0.41
$0.37
Q1 24
$-0.36
$0.51

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$105.4M
$94.8M
Total DebtLower is stronger
$2.4B
$1.4B
Stockholders' EquityBook value
$1.7B
$478.3M
Total Assets
$4.4B
$2.5B
Debt / EquityLower = less leverage
1.47×
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
PRGS
PRGS
Q4 25
$105.4M
$94.8M
Q3 25
$201.4M
$99.0M
Q2 25
$141.8M
$102.0M
Q1 25
$302.6M
$124.2M
Q4 24
$144.6M
$118.1M
Q3 24
$256.5M
$232.7M
Q2 24
$265.6M
$190.4M
Q1 24
$207.1M
$133.2M
Total Debt
DHC
DHC
PRGS
PRGS
Q4 25
$2.4B
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$3.1B
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DHC
DHC
PRGS
PRGS
Q4 25
$1.7B
$478.3M
Q3 25
$1.7B
$477.7M
Q2 25
$1.9B
$452.7M
Q1 25
$1.9B
$431.8M
Q4 24
$2.0B
$438.8M
Q3 24
$2.0B
$425.6M
Q2 24
$2.1B
$401.7M
Q1 24
$2.2B
$461.7M
Total Assets
DHC
DHC
PRGS
PRGS
Q4 25
$4.4B
$2.5B
Q3 25
$4.7B
$2.4B
Q2 25
$4.8B
$2.4B
Q1 25
$5.0B
$2.5B
Q4 24
$5.1B
$2.5B
Q3 24
$5.3B
$1.6B
Q2 24
$5.3B
$1.6B
Q1 24
$5.3B
$1.5B
Debt / Equity
DHC
DHC
PRGS
PRGS
Q4 25
1.47×
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
1.56×
3.48×
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
PRGS
PRGS
Operating Cash FlowLast quarter
$-19.6M
$62.8M
Free Cash FlowOCF − Capex
$-166.4M
$59.9M
FCF MarginFCF / Revenue
-43.8%
23.7%
Capex IntensityCapex / Revenue
38.7%
1.1%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
PRGS
PRGS
Q4 25
$-19.6M
$62.8M
Q3 25
$-49.3M
$73.4M
Q2 25
$53.0M
$30.0M
Q1 25
$-3.2M
$68.9M
Q4 24
$112.2M
$19.7M
Q3 24
$21.1M
$57.7M
Q2 24
$44.3M
$63.7M
Q1 24
$28.6M
$70.5M
Free Cash Flow
DHC
DHC
PRGS
PRGS
Q4 25
$-166.4M
$59.9M
Q3 25
$-89.8M
$72.4M
Q2 25
$18.8M
$29.5M
Q1 25
$-42.9M
$67.7M
Q4 24
$-89.5M
$16.8M
Q3 24
$-26.1M
$56.6M
Q2 24
$3.3M
$62.7M
Q1 24
$-18.1M
$70.2M
FCF Margin
DHC
DHC
PRGS
PRGS
Q4 25
-43.8%
23.7%
Q3 25
-23.1%
29.0%
Q2 25
4.9%
12.4%
Q1 25
-11.1%
28.4%
Q4 24
-23.6%
7.8%
Q3 24
-7.0%
31.7%
Q2 24
0.9%
35.8%
Q1 24
-4.9%
38.0%
Capex Intensity
DHC
DHC
PRGS
PRGS
Q4 25
38.7%
1.1%
Q3 25
10.4%
0.4%
Q2 25
8.9%
0.2%
Q1 25
10.2%
0.5%
Q4 24
53.1%
1.3%
Q3 24
12.6%
0.6%
Q2 24
11.0%
0.5%
Q1 24
12.6%
0.2%
Cash Conversion
DHC
DHC
PRGS
PRGS
Q4 25
2.44×
Q3 25
3.78×
Q2 25
1.76×
Q1 25
6.30×
Q4 24
17.13×
Q3 24
2.03×
Q2 24
3.93×
Q1 24
3.11×

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%

PRGS
PRGS

Maintenanceand Services$187.5M74%
Share File Acquisition$67.5M27%

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