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Side-by-side financial comparison of DaVita (DVA) and MPLX LP (MPLX). Click either name above to swap in a different company.
DaVita is the larger business by last-quarter revenue ($3.6B vs $2.5B, roughly 1.5× MPLX LP). MPLX LP runs the higher net margin — 49.1% vs 6.5%, a 42.6% gap on every dollar of revenue. On growth, DaVita posted the faster year-over-year revenue change (12.3% vs 1.4%). Over the past eight quarters, DaVita's revenue compounded faster (6.6% CAGR vs 6.2%).
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
MarkWest Energy Partners, L.P., a subsidiary of MPLX LP, is a natural gas gathering, processing and transportation company master limited partnership of the United States. In 1988, the company was founded in Denver, Colorado and grew to be Colorado's 13th largest company. In 2015 it was acquired by MPLX, itself a subsidiary of Marathon Petroleum.
DVA vs MPLX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $2.5B |
| Net Profit | $234.2M | $1.2B |
| Gross Margin | — | — |
| Operating Margin | 15.5% | 60.5% |
| Net Margin | 6.5% | 49.1% |
| Revenue YoY | 12.3% | 1.4% |
| Net Profit YoY | 43.8% | 8.5% |
| EPS (diluted) | $3.22 | — |
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 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.4B | $2.5B | ||
| Q2 25 | $3.4B | $2.4B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.2B | $2.3B |
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $1.2B | ||
| Q3 25 | $150.3M | $1.6B | ||
| Q2 25 | $199.3M | $1.1B | ||
| Q1 25 | $162.9M | $1.1B | ||
| Q4 24 | $259.3M | $1.1B | ||
| Q3 24 | $214.7M | $1.0B | ||
| Q2 24 | $222.7M | $1.2B |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.5% | 60.5% | ||
| Q3 25 | 14.8% | 73.2% | ||
| Q2 25 | 15.9% | 54.9% | ||
| Q1 25 | 13.6% | 55.5% | ||
| Q4 24 | 17.2% | 55.6% | ||
| Q3 24 | 16.4% | 54.4% | ||
| Q2 24 | 15.9% | 62.9% |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 49.1% | ||
| Q3 25 | 4.4% | 63.2% | ||
| Q2 25 | 5.9% | 44.9% | ||
| Q1 25 | 5.1% | 46.2% | ||
| Q4 24 | 7.9% | 45.9% | ||
| Q3 24 | 6.6% | 44.6% | ||
| Q2 24 | 7.0% | 52.6% |
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | — | ||
| Q3 25 | $2.04 | — | ||
| Q2 25 | $2.58 | — | ||
| Q1 25 | $2.00 | — | ||
| Q4 24 | $3.08 | — | ||
| Q3 24 | $2.50 | — | ||
| Q2 24 | $2.50 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $700.7M | $2.1B |
| Total DebtLower is stronger | $10.2B | $24.2B |
| Stockholders' EquityBook value | $-651.1M | — |
| Total Assets | $17.5B | $43.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $2.1B | ||
| Q3 25 | $736.5M | $1.8B | ||
| Q2 25 | $739.4M | $1.4B | ||
| Q1 25 | $511.9M | $2.5B | ||
| Q4 24 | $846.0M | $1.5B | ||
| Q3 24 | $1.1B | $2.4B | ||
| Q2 24 | $437.2M | $2.5B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | $24.2B | ||
| Q3 25 | $10.2B | $24.1B | ||
| Q2 25 | $10.1B | $19.7B | ||
| Q1 25 | $9.6B | $19.7B | ||
| Q4 24 | $9.2B | $19.3B | ||
| Q3 24 | $9.3B | $19.3B | ||
| Q2 24 | $8.5B | $19.2B |
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | — | ||
| Q3 25 | $-571.9M | — | ||
| Q2 25 | $-369.6M | — | ||
| Q1 25 | $-267.1M | — | ||
| Q4 24 | $121.1M | — | ||
| Q3 24 | $386.7M | — | ||
| Q2 24 | $632.9M | — |
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $43.0B | ||
| Q3 25 | $17.6B | $43.2B | ||
| Q2 25 | $17.5B | $37.8B | ||
| Q1 25 | $17.1B | $39.0B | ||
| Q4 24 | $17.3B | $37.5B | ||
| Q3 24 | $17.5B | $38.5B | ||
| Q2 24 | $17.0B | $38.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 75.76× | — | ||
| Q3 24 | 23.95× | — | ||
| Q2 24 | 13.35× | — |
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 | — | $1.5B |
| Free Cash FlowOCF − Capex | — | $782.0M |
| FCF MarginFCF / Revenue | — | 31.9% |
| Capex IntensityCapex / Revenue | — | 29.1% |
| Cash ConversionOCF / Net Profit | — | 1.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $1.5B | ||
| Q3 25 | $841.5M | $1.4B | ||
| Q2 25 | $324.2M | $1.7B | ||
| Q1 25 | $180.0M | $1.2B | ||
| Q4 24 | $547.6M | $1.7B | ||
| Q3 24 | $810.4M | $1.4B | ||
| Q2 24 | $798.8M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | $782.0M | ||
| Q3 25 | $675.4M | $905.0M | ||
| Q2 25 | $203.1M | $1.4B | ||
| Q1 25 | $36.8M | $979.0M | ||
| Q4 24 | $377.0M | $1.4B | ||
| Q3 24 | $671.4M | $1.1B | ||
| Q2 24 | $674.1M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 31.9% | ||
| Q3 25 | 19.7% | 36.8% | ||
| Q2 25 | 6.0% | 60.9% | ||
| Q1 25 | 1.1% | 39.8% | ||
| Q4 24 | 11.4% | 56.6% | ||
| Q3 24 | 20.6% | 48.4% | ||
| Q2 24 | 21.2% | 60.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 29.1% | ||
| Q3 25 | 4.9% | 21.4% | ||
| Q2 25 | 3.6% | 12.8% | ||
| Q1 25 | 4.4% | 10.9% | ||
| Q4 24 | 5.2% | 12.7% | ||
| Q3 24 | 4.3% | 11.9% | ||
| Q2 24 | 3.9% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 1.24× | ||
| Q3 25 | 5.60× | 0.92× | ||
| Q2 25 | 1.63× | 1.64× | ||
| Q1 25 | 1.10× | 1.10× | ||
| Q4 24 | 2.11× | 1.51× | ||
| Q3 24 | 3.77× | 1.35× | ||
| Q2 24 | 3.59× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVA
Segment breakdown not available.
MPLX
| Services | $746.0M | 30% |
| Other | $675.0M | 28% |
| Products | $492.0M | 20% |
| Nonrelated Party | $186.0M | 8% |
| Related Party | $151.0M | 6% |
| Crude Oil And Products Logistics | $104.0M | 4% |
| Service Other | $56.0M | 2% |
| Natural Gas And NGL Services | $41.0M | 2% |
