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Side-by-side financial comparison of Healthpeak Properties (DOC) and Pediatrix Medical Group, Inc. (MD). Click either name above to swap in a different company.

Healthpeak Properties is the larger business by last-quarter revenue ($719.4M vs $493.8M, roughly 1.5× Pediatrix Medical Group, Inc.). Healthpeak Properties runs the higher net margin — 73.2% vs 6.8%, a 66.4% gap on every dollar of revenue. On growth, Healthpeak Properties posted the faster year-over-year revenue change (3.1% vs -1.7%). Over the past eight quarters, Healthpeak Properties's revenue compounded faster (8.9% CAGR vs -0.1%).

Healthpeak Properties, Inc. is an American real estate investment trust that invests in real estate related to the healthcare industry including senior housing, life science, and medical offices. It was organized in 2007 in Maryland and headquartered in Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties.

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

DOC vs MD — Head-to-Head

Bigger by revenue
DOC
DOC
1.5× larger
DOC
$719.4M
$493.8M
MD
Growing faster (revenue YoY)
DOC
DOC
+4.8% gap
DOC
3.1%
-1.7%
MD
Higher net margin
DOC
DOC
66.4% more per $
DOC
73.2%
6.8%
MD
Faster 2-yr revenue CAGR
DOC
DOC
Annualised
DOC
8.9%
-0.1%
MD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOC
DOC
MD
MD
Revenue
$719.4M
$493.8M
Net Profit
$114.0M
$33.7M
Gross Margin
Operating Margin
17.4%
9.9%
Net Margin
73.2%
6.8%
Revenue YoY
3.1%
-1.7%
Net Profit YoY
2406.4%
10.5%
EPS (diluted)
$0.16
$0.40

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
DOC
DOC
MD
MD
Q4 25
$719.4M
$493.8M
Q3 25
$705.9M
$492.9M
Q2 25
$694.3M
$468.8M
Q1 25
$702.9M
$458.4M
Q4 24
$698.0M
$502.4M
Q3 24
$700.4M
$511.2M
Q2 24
$695.5M
$504.3M
Q1 24
$606.6M
$495.1M
Net Profit
DOC
DOC
MD
MD
Q4 25
$114.0M
$33.7M
Q3 25
$-117.1M
$71.7M
Q2 25
$31.7M
$39.3M
Q1 25
$42.8M
$20.7M
Q4 24
$4.5M
$30.5M
Q3 24
$85.9M
$19.4M
Q2 24
$146.0M
$-153.0M
Q1 24
$6.7M
$4.0M
Gross Margin
DOC
DOC
MD
MD
Q4 25
Q3 25
58.6%
Q2 25
60.2%
Q1 25
61.1%
Q4 24
60.3%
Q3 24
60.0%
Q2 24
60.6%
Q1 24
59.8%
Operating Margin
DOC
DOC
MD
MD
Q4 25
17.4%
9.9%
Q3 25
9.2%
13.8%
Q2 25
5.7%
12.8%
Q1 25
7.7%
7.0%
Q4 24
-2.2%
7.8%
Q3 24
14.1%
6.6%
Q2 24
22.3%
-31.3%
Q1 24
3.7%
3.2%
Net Margin
DOC
DOC
MD
MD
Q4 25
73.2%
6.8%
Q3 25
-16.6%
14.5%
Q2 25
4.6%
8.4%
Q1 25
6.1%
4.5%
Q4 24
0.7%
6.1%
Q3 24
12.3%
3.8%
Q2 24
21.0%
-30.3%
Q1 24
1.1%
0.8%
EPS (diluted)
DOC
DOC
MD
MD
Q4 25
$0.16
$0.40
Q3 25
$-0.17
$0.84
Q2 25
$0.05
$0.46
Q1 25
$0.06
$0.24
Q4 24
$0.02
$0.37
Q3 24
$0.12
$0.23
Q2 24
$0.21
$-1.84
Q1 24
$0.01
$0.05

Balance Sheet & Financial Strength

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

Metric
DOC
DOC
MD
MD
Cash + ST InvestmentsLiquidity on hand
$467.5M
$375.2M
Total DebtLower is stronger
$9.8B
$570.5M
Stockholders' EquityBook value
$7.5B
$865.9M
Total Assets
$20.3B
$2.2B
Debt / EquityLower = less leverage
1.31×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOC
DOC
MD
MD
Q4 25
$467.5M
$375.2M
Q3 25
$91.0M
$340.1M
Q2 25
$89.4M
$224.7M
Q1 25
$70.6M
$99.0M
Q4 24
$119.8M
$229.9M
Q3 24
$180.4M
$103.8M
Q2 24
$106.9M
$19.4M
Q1 24
$101.8M
$8.0M
Total Debt
DOC
DOC
MD
MD
Q4 25
$9.8B
$570.5M
Q3 25
$9.1B
$577.2M
Q2 25
$9.0B
$583.9M
Q1 25
$8.9B
$590.5M
Q4 24
$8.7B
$597.1M
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.8B
Stockholders' Equity
DOC
DOC
MD
MD
Q4 25
$7.5B
$865.9M
Q3 25
$7.6B
$890.7M
Q2 25
$7.9B
$833.8M
Q1 25
$8.2B
$789.2M
Q4 24
$8.4B
$764.9M
Q3 24
$8.6B
$732.5M
Q2 24
$8.8B
$706.5M
Q1 24
$8.9B
$856.2M
Total Assets
DOC
DOC
MD
MD
Q4 25
$20.3B
$2.2B
Q3 25
$19.6B
$2.2B
Q2 25
$19.8B
$2.1B
Q1 25
$19.8B
$2.0B
Q4 24
$19.9B
$2.2B
Q3 24
$20.0B
$2.1B
Q2 24
$20.2B
$2.0B
Q1 24
$20.5B
$2.2B
Debt / Equity
DOC
DOC
MD
MD
Q4 25
1.31×
0.66×
Q3 25
1.20×
0.65×
Q2 25
1.14×
0.70×
Q1 25
1.08×
0.75×
Q4 24
1.04×
0.78×
Q3 24
1.00×
Q2 24
0.98×
Q1 24
0.99×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOC
DOC
MD
MD
Operating Cash FlowLast quarter
$1.3B
$114.1M
Free Cash FlowOCF − Capex
$357.0M
FCF MarginFCF / Revenue
49.6%
Capex IntensityCapex / Revenue
124.4%
Cash ConversionOCF / Net Profit
10.99×
3.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOC
DOC
MD
MD
Q4 25
$1.3B
$114.1M
Q3 25
$315.0M
$137.3M
Q2 25
$363.5M
$137.2M
Q1 25
$279.4M
$-117.5M
Q4 24
$1.1B
$133.0M
Q3 24
$318.2M
$91.8M
Q2 24
$316.2M
$107.0M
Q1 24
$152.6M
$-125.2M
Free Cash Flow
DOC
DOC
MD
MD
Q4 25
$357.0M
Q3 25
Q2 25
Q1 25
Q4 24
$333.7M
Q3 24
Q2 24
Q1 24
FCF Margin
DOC
DOC
MD
MD
Q4 25
49.6%
Q3 25
Q2 25
Q1 25
Q4 24
47.8%
Q3 24
Q2 24
Q1 24
Capex Intensity
DOC
DOC
MD
MD
Q4 25
124.4%
Q3 25
Q2 25
Q1 25
Q4 24
105.6%
Q3 24
Q2 24
Q1 24
Cash Conversion
DOC
DOC
MD
MD
Q4 25
10.99×
3.39×
Q3 25
1.91×
Q2 25
11.48×
3.49×
Q1 25
6.52×
-5.66×
Q4 24
235.43×
4.36×
Q3 24
3.71×
4.72×
Q2 24
2.17×
Q1 24
22.85×
-31.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOC
DOC

Segment breakdown not available.

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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