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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $366.7M, roughly 1.0× Shake Shack Inc.). Shake Shack Inc. runs the higher net margin — -0.1% vs -5.6%, a 5.5% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs -0.0%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% 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 ...
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
DHC vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $366.7M |
| Net Profit | $-21.2M | $-294.0K |
| Gross Margin | — | — |
| Operating Margin | -12.6% | — |
| Net Margin | -5.6% | -0.1% |
| Revenue YoY | -0.0% | 14.3% |
| Net Profit YoY | 75.7% | — |
| EPS (diluted) | $-0.09 | $-0.01 |
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.
| Q1 26 | — | $366.7M | ||
| Q4 25 | $379.6M | $400.5M | ||
| Q3 25 | $388.7M | $367.4M | ||
| Q2 25 | $382.7M | $356.5M | ||
| Q1 25 | $386.9M | $320.9M | ||
| Q4 24 | $379.6M | $328.7M | ||
| Q3 24 | $373.6M | $316.9M | ||
| Q2 24 | $371.4M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | $-21.2M | $11.8M | ||
| Q3 25 | $-164.0M | $12.5M | ||
| Q2 25 | $-91.6M | $17.1M | ||
| Q1 25 | $-9.0M | $4.2M | ||
| Q4 24 | $-87.4M | $8.7M | ||
| Q3 24 | $-98.7M | $-10.2M | ||
| Q2 24 | $-97.9M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | -12.6% | 4.7% | ||
| Q3 25 | -43.4% | 5.0% | ||
| Q2 25 | -24.5% | 6.3% | ||
| Q1 25 | -2.7% | 0.9% | ||
| Q4 24 | -26.1% | 3.1% | ||
| Q3 24 | -26.5% | -5.7% | ||
| Q2 24 | -23.0% | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | -5.6% | 3.0% | ||
| Q3 25 | -42.2% | 3.4% | ||
| Q2 25 | -23.9% | 4.8% | ||
| Q1 25 | -2.3% | 1.3% | ||
| Q4 24 | -23.0% | 2.6% | ||
| Q3 24 | -26.4% | -3.2% | ||
| Q2 24 | -26.3% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $-0.09 | $0.28 | ||
| Q3 25 | $-0.68 | $0.30 | ||
| Q2 25 | $-0.38 | $0.41 | ||
| Q1 25 | $-0.04 | $0.10 | ||
| Q4 24 | $-0.37 | $0.22 | ||
| Q3 24 | $-0.41 | $-0.26 | ||
| Q2 24 | $-0.41 | $0.23 |
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 | $313.6M |
| Total DebtLower is stronger | $2.4B | $248.0M |
| Stockholders' EquityBook value | $1.7B | $554.6M |
| Total Assets | $4.4B | $1.9B |
| Debt / EquityLower = less leverage | 1.47× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $105.4M | $360.1M | ||
| Q3 25 | $201.4M | $357.8M | ||
| Q2 25 | $141.8M | $336.8M | ||
| Q1 25 | $302.6M | $312.9M | ||
| Q4 24 | $144.6M | $320.7M | ||
| Q3 24 | $256.5M | $310.9M | ||
| Q2 24 | $265.6M | $304.4M |
| Q1 26 | — | $248.0M | ||
| Q4 25 | $2.4B | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | $3.1B | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M |
| Q1 26 | — | $554.6M | ||
| Q4 25 | $1.7B | $525.3M | ||
| Q3 25 | $1.7B | $509.0M | ||
| Q2 25 | $1.9B | $494.1M | ||
| Q1 25 | $1.9B | $473.3M | ||
| Q4 24 | $2.0B | $470.0M | ||
| Q3 24 | $2.0B | $456.1M | ||
| Q2 24 | $2.1B | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.4B | $1.9B | ||
| 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 | $1.7B | ||
| Q2 24 | $5.3B | $1.7B |
| Q1 26 | — | 0.45× | ||
| Q4 25 | 1.47× | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | 1.56× | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× |
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 | $8.5M |
| Free Cash FlowOCF − Capex | $-166.4M | — |
| FCF MarginFCF / Revenue | -43.8% | — |
| Capex IntensityCapex / Revenue | 38.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $-19.6M | $63.1M | ||
| Q3 25 | $-49.3M | $63.0M | ||
| Q2 25 | $53.0M | $65.0M | ||
| Q1 25 | $-3.2M | $31.2M | ||
| Q4 24 | $112.2M | $45.1M | ||
| Q3 24 | $21.1M | $41.9M | ||
| Q2 24 | $44.3M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-166.4M | $4.0M | ||
| Q3 25 | $-89.8M | $23.7M | ||
| Q2 25 | $18.8M | $26.9M | ||
| Q1 25 | $-42.9M | $1.9M | ||
| Q4 24 | $-89.5M | $10.4M | ||
| Q3 24 | $-26.1M | $7.1M | ||
| Q2 24 | $3.3M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | -43.8% | 1.0% | ||
| Q3 25 | -23.1% | 6.5% | ||
| Q2 25 | 4.9% | 7.5% | ||
| Q1 25 | -11.1% | 0.6% | ||
| Q4 24 | -23.6% | 3.2% | ||
| Q3 24 | -7.0% | 2.2% | ||
| Q2 24 | 0.9% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | 14.8% | ||
| Q3 25 | 10.4% | 10.7% | ||
| Q2 25 | 8.9% | 10.7% | ||
| Q1 25 | 10.2% | 9.1% | ||
| Q4 24 | 53.1% | 10.6% | ||
| Q3 24 | 12.6% | 11.0% | ||
| Q2 24 | 11.0% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.34× | ||
| Q3 25 | — | 5.04× | ||
| Q2 25 | — | 3.79× | ||
| Q1 25 | — | 7.36× | ||
| Q4 24 | — | 5.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.54× |
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% |
SHAK
Segment breakdown not available.
