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Side-by-side financial comparison of Healthpeak Properties (DOC) and MACH NATURAL RESOURCES LP (MNR). Click either name above to swap in a different company.

Healthpeak Properties is the larger business by last-quarter revenue ($719.4M vs $387.5M, roughly 1.9× MACH NATURAL RESOURCES LP). Healthpeak Properties runs the higher net margin — 73.2% vs 18.9%, a 54.3% gap on every dollar of revenue. On growth, MACH NATURAL RESOURCES LP posted the faster year-over-year revenue change (65.0% vs 3.1%). Over the past eight quarters, MACH NATURAL RESOURCES LP's revenue compounded faster (27.3% CAGR vs 8.9%).

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.

Mach Natural Resources LP is a US-based upstream energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. Its core operations are located in onshore US hydrocarbon basins including the Permian Basin, prioritizing low-cost, high-yield assets to drive sustainable returns for stakeholders.

DOC vs MNR — Head-to-Head

Bigger by revenue
DOC
DOC
1.9× larger
DOC
$719.4M
$387.5M
MNR
Growing faster (revenue YoY)
MNR
MNR
+61.9% gap
MNR
65.0%
3.1%
DOC
Higher net margin
DOC
DOC
54.3% more per $
DOC
73.2%
18.9%
MNR
Faster 2-yr revenue CAGR
MNR
MNR
Annualised
MNR
27.3%
8.9%
DOC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOC
DOC
MNR
MNR
Revenue
$719.4M
$387.5M
Net Profit
$114.0M
$73.1M
Gross Margin
Operating Margin
17.4%
26.1%
Net Margin
73.2%
18.9%
Revenue YoY
3.1%
65.0%
Net Profit YoY
2406.4%
100.2%
EPS (diluted)
$0.16
$0.47

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
MNR
MNR
Q4 25
$719.4M
$387.5M
Q3 25
$705.9M
$272.6M
Q2 25
$694.3M
$288.5M
Q1 25
$702.9M
$226.8M
Q4 24
$698.0M
$234.9M
Q3 24
$700.4M
$255.5M
Q2 24
$695.5M
$240.0M
Q1 24
$606.6M
$239.2M
Net Profit
DOC
DOC
MNR
MNR
Q4 25
$114.0M
$73.1M
Q3 25
$-117.1M
$-35.7M
Q2 25
$31.7M
$89.7M
Q1 25
$42.8M
$15.9M
Q4 24
$4.5M
$36.5M
Q3 24
$85.9M
$67.4M
Q2 24
$146.0M
$39.5M
Q1 24
$6.7M
$41.7M
Gross Margin
DOC
DOC
MNR
MNR
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
MNR
MNR
Q4 25
17.4%
26.1%
Q3 25
9.2%
-7.0%
Q2 25
5.7%
38.6%
Q1 25
7.7%
22.8%
Q4 24
-2.2%
24.9%
Q3 24
14.1%
37.1%
Q2 24
22.3%
29.4%
Q1 24
3.7%
28.1%
Net Margin
DOC
DOC
MNR
MNR
Q4 25
73.2%
18.9%
Q3 25
-16.6%
-13.1%
Q2 25
4.6%
31.1%
Q1 25
6.1%
7.0%
Q4 24
0.7%
15.5%
Q3 24
12.3%
26.4%
Q2 24
21.0%
16.5%
Q1 24
1.1%
17.4%
EPS (diluted)
DOC
DOC
MNR
MNR
Q4 25
$0.16
$0.47
Q3 25
$-0.17
$-0.28
Q2 25
$0.05
$0.76
Q1 25
$0.06
$0.14
Q4 24
$0.02
$0.34
Q3 24
$0.12
$0.70
Q2 24
$0.21
$0.42
Q1 24
$0.01
$0.44

Balance Sheet & Financial Strength

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

Metric
DOC
DOC
MNR
MNR
Cash + ST InvestmentsLiquidity on hand
$467.5M
$42.6M
Total DebtLower is stronger
$9.8B
Stockholders' EquityBook value
$7.5B
Total Assets
$20.3B
$3.8B
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOC
DOC
MNR
MNR
Q4 25
$467.5M
$42.6M
Q3 25
$91.0M
$53.6M
Q2 25
$89.4M
$13.8M
Q1 25
$70.6M
$7.8M
Q4 24
$119.8M
$105.8M
Q3 24
$180.4M
$184.5M
Q2 24
$106.9M
$144.6M
Q1 24
$101.8M
$151.3M
Total Debt
DOC
DOC
MNR
MNR
Q4 25
$9.8B
Q3 25
$9.1B
Q2 25
$9.0B
Q1 25
$8.9B
Q4 24
$8.7B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.8B
Stockholders' Equity
DOC
DOC
MNR
MNR
Q4 25
$7.5B
Q3 25
$7.6B
Q2 25
$7.9B
Q1 25
$8.2B
Q4 24
$8.4B
Q3 24
$8.6B
Q2 24
$8.8B
Q1 24
$8.9B
Total Assets
DOC
DOC
MNR
MNR
Q4 25
$20.3B
$3.8B
Q3 25
$19.6B
$3.8B
Q2 25
$19.8B
$2.3B
Q1 25
$19.8B
$2.2B
Q4 24
$19.9B
$2.3B
Q3 24
$20.0B
$2.3B
Q2 24
$20.2B
$2.2B
Q1 24
$20.5B
$2.3B
Debt / Equity
DOC
DOC
MNR
MNR
Q4 25
1.31×
Q3 25
1.20×
Q2 25
1.14×
Q1 25
1.08×
Q4 24
1.04×
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
MNR
MNR
Operating Cash FlowLast quarter
$1.3B
$128.7M
Free Cash FlowOCF − Capex
$357.0M
FCF MarginFCF / Revenue
49.6%
Capex IntensityCapex / Revenue
124.4%
Cash ConversionOCF / Net Profit
10.99×
1.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOC
DOC
MNR
MNR
Q4 25
$1.3B
$128.7M
Q3 25
$315.0M
$105.5M
Q2 25
$363.5M
$130.1M
Q1 25
$279.4M
$142.5M
Q4 24
$1.1B
$133.7M
Q3 24
$318.2M
$110.8M
Q2 24
$316.2M
$116.8M
Q1 24
$152.6M
$144.0M
Free Cash Flow
DOC
DOC
MNR
MNR
Q4 25
$357.0M
Q3 25
Q2 25
Q1 25
Q4 24
$333.7M
Q3 24
Q2 24
Q1 24
FCF Margin
DOC
DOC
MNR
MNR
Q4 25
49.6%
Q3 25
Q2 25
Q1 25
Q4 24
47.8%
Q3 24
Q2 24
Q1 24
Capex Intensity
DOC
DOC
MNR
MNR
Q4 25
124.4%
Q3 25
Q2 25
Q1 25
Q4 24
105.6%
Q3 24
Q2 24
Q1 24
Cash Conversion
DOC
DOC
MNR
MNR
Q4 25
10.99×
1.76×
Q3 25
Q2 25
11.48×
1.45×
Q1 25
6.52×
8.97×
Q4 24
235.43×
3.66×
Q3 24
3.71×
1.64×
Q2 24
2.17×
2.96×
Q1 24
22.85×
3.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOC
DOC

Segment breakdown not available.

MNR
MNR

Oil Gas And Natural Gas Liquids Net$331.0M85%
Natural Gas Liquids Reserves$44.8M12%
Natural Gas Midstream$8.6M2%
Products$6.3M2%

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