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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Royalty Pharma plc is the larger business by last-quarter revenue ($622.0M vs $379.6M, roughly 1.6× DIVERSIFIED HEALTHCARE TRUST). Royalty Pharma plc runs the higher net margin — 34.4% vs -5.6%, a 40.0% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs -0.0%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% 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 ...

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

DHC vs RPRX — Head-to-Head

Bigger by revenue
RPRX
RPRX
1.6× larger
RPRX
$622.0M
$379.6M
DHC
Growing faster (revenue YoY)
RPRX
RPRX
+4.8% gap
RPRX
4.8%
-0.0%
DHC
Higher net margin
RPRX
RPRX
40.0% more per $
RPRX
34.4%
-5.6%
DHC
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
1.2%
DHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHC
DHC
RPRX
RPRX
Revenue
$379.6M
$622.0M
Net Profit
$-21.2M
$214.2M
Gross Margin
Operating Margin
-12.6%
62.4%
Net Margin
-5.6%
34.4%
Revenue YoY
-0.0%
4.8%
Net Profit YoY
75.7%
2.9%
EPS (diluted)
$-0.09
$0.49

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
RPRX
RPRX
Q4 25
$379.6M
$622.0M
Q3 25
$388.7M
$609.3M
Q2 25
$382.7M
$578.7M
Q1 25
$386.9M
$568.2M
Q4 24
$379.6M
$593.6M
Q3 24
$373.6M
$564.7M
Q2 24
$371.4M
$537.3M
Q1 24
$370.8M
$568.0M
Net Profit
DHC
DHC
RPRX
RPRX
Q4 25
$-21.2M
$214.2M
Q3 25
$-164.0M
$288.2M
Q2 25
$-91.6M
$30.2M
Q1 25
$-9.0M
$238.3M
Q4 24
$-87.4M
$208.2M
Q3 24
$-98.7M
$544.0M
Q2 24
$-97.9M
$102.0M
Q1 24
$-86.3M
$4.8M
Operating Margin
DHC
DHC
RPRX
RPRX
Q4 25
-12.6%
62.4%
Q3 25
-43.4%
70.1%
Q2 25
-24.5%
36.3%
Q1 25
-2.7%
94.0%
Q4 24
-26.1%
60.9%
Q3 24
-26.5%
Q2 24
-23.0%
50.2%
Q1 24
-23.7%
-13.0%
Net Margin
DHC
DHC
RPRX
RPRX
Q4 25
-5.6%
34.4%
Q3 25
-42.2%
47.3%
Q2 25
-23.9%
5.2%
Q1 25
-2.3%
41.9%
Q4 24
-23.0%
35.1%
Q3 24
-26.4%
96.3%
Q2 24
-26.3%
19.0%
Q1 24
-23.3%
0.8%
EPS (diluted)
DHC
DHC
RPRX
RPRX
Q4 25
$-0.09
$0.49
Q3 25
$-0.68
$0.67
Q2 25
$-0.38
$0.07
Q1 25
$-0.04
$0.55
Q4 24
$-0.37
$0.46
Q3 24
$-0.41
$1.21
Q2 24
$-0.41
$0.23
Q1 24
$-0.36
$0.01

Balance Sheet & Financial Strength

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

Metric
DHC
DHC
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$105.4M
$618.7M
Total DebtLower is stronger
$2.4B
$9.0B
Stockholders' EquityBook value
$1.7B
$9.7B
Total Assets
$4.4B
$19.6B
Debt / EquityLower = less leverage
1.47×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
RPRX
RPRX
Q4 25
$105.4M
$618.7M
Q3 25
$201.4M
$938.9M
Q2 25
$141.8M
$631.9M
Q1 25
$302.6M
$1.1B
Q4 24
$144.6M
$929.0M
Q3 24
$256.5M
$950.1M
Q2 24
$265.6M
$1.8B
Q1 24
$207.1M
$843.0M
Total Debt
DHC
DHC
RPRX
RPRX
Q4 25
$2.4B
$9.0B
Q3 25
$8.9B
Q2 25
$8.0B
Q1 25
$7.6B
Q4 24
$3.1B
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Q1 24
$6.1B
Stockholders' Equity
DHC
DHC
RPRX
RPRX
Q4 25
$1.7B
$9.7B
Q3 25
$1.7B
$9.6B
Q2 25
$1.9B
$9.5B
Q1 25
$1.9B
$9.8B
Q4 24
$2.0B
$10.3B
Q3 24
$2.0B
$10.3B
Q2 24
$2.1B
$9.8B
Q1 24
$2.2B
$9.9B
Total Assets
DHC
DHC
RPRX
RPRX
Q4 25
$4.4B
$19.6B
Q3 25
$4.7B
$19.3B
Q2 25
$4.8B
$18.3B
Q1 25
$5.0B
$17.6B
Q4 24
$5.1B
$18.2B
Q3 24
$5.3B
$18.0B
Q2 24
$5.3B
$17.7B
Q1 24
$5.3B
$16.1B
Debt / Equity
DHC
DHC
RPRX
RPRX
Q4 25
1.47×
0.92×
Q3 25
0.93×
Q2 25
0.84×
Q1 25
0.78×
Q4 24
1.56×
0.74×
Q3 24
0.74×
Q2 24
0.78×
Q1 24
0.62×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$-19.6M
$827.1M
Free Cash FlowOCF − Capex
$-166.4M
FCF MarginFCF / Revenue
-43.8%
Capex IntensityCapex / Revenue
38.7%
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
RPRX
RPRX
Q4 25
$-19.6M
$827.1M
Q3 25
$-49.3M
$702.6M
Q2 25
$53.0M
$364.0M
Q1 25
$-3.2M
$596.1M
Q4 24
$112.2M
$742.5M
Q3 24
$21.1M
$703.6M
Q2 24
$44.3M
$658.2M
Q1 24
$28.6M
$664.6M
Free Cash Flow
DHC
DHC
RPRX
RPRX
Q4 25
$-166.4M
Q3 25
$-89.8M
Q2 25
$18.8M
Q1 25
$-42.9M
Q4 24
$-89.5M
Q3 24
$-26.1M
Q2 24
$3.3M
Q1 24
$-18.1M
FCF Margin
DHC
DHC
RPRX
RPRX
Q4 25
-43.8%
Q3 25
-23.1%
Q2 25
4.9%
Q1 25
-11.1%
Q4 24
-23.6%
Q3 24
-7.0%
Q2 24
0.9%
Q1 24
-4.9%
Capex Intensity
DHC
DHC
RPRX
RPRX
Q4 25
38.7%
Q3 25
10.4%
Q2 25
8.9%
Q1 25
10.2%
Q4 24
53.1%
Q3 24
12.6%
Q2 24
11.0%
Q1 24
12.6%
Cash Conversion
DHC
DHC
RPRX
RPRX
Q4 25
3.86×
Q3 25
2.44×
Q2 25
12.06×
Q1 25
2.50×
Q4 24
3.57×
Q3 24
1.29×
Q2 24
6.45×
Q1 24
139.10×

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%

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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