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Side-by-side financial comparison of EXPONENT INC (EXPO) and National Healthcare Properties, Inc. (NHPAP). Click either name above to swap in a different company.

EXPONENT INC is the larger business by last-quarter revenue ($166.3M vs $84.5M, roughly 2.0× National Healthcare Properties, Inc.). EXPONENT INC runs the higher net margin — 17.8% vs -27.0%, a 44.8% gap on every dollar of revenue. On growth, EXPONENT INC posted the faster year-over-year revenue change (14.3% vs -3.7%). Over the past eight quarters, EXPONENT INC's revenue compounded faster (8.8% CAGR vs -2.2%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500 primary healthcare facilities within the United Kingdom and Ireland. It is listed on the London Stock Exchange and is also a constituent of the FTSE 250 Index.

EXPO vs NHPAP — Head-to-Head

Bigger by revenue
EXPO
EXPO
2.0× larger
EXPO
$166.3M
$84.5M
NHPAP
Growing faster (revenue YoY)
EXPO
EXPO
+18.0% gap
EXPO
14.3%
-3.7%
NHPAP
Higher net margin
EXPO
EXPO
44.8% more per $
EXPO
17.8%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
EXPO
EXPO
Annualised
EXPO
8.8%
-2.2%
NHPAP

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
EXPO
EXPO
NHPAP
NHPAP
Revenue
$166.3M
$84.5M
Net Profit
$29.6M
$-22.8M
Gross Margin
36.5%
Operating Margin
24.9%
-7.8%
Net Margin
17.8%
-27.0%
Revenue YoY
14.3%
-3.7%
Net Profit YoY
11.0%
-33.9%
EPS (diluted)
$0.59
$-0.92

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
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$166.3M
Q4 25
$147.1M
$84.5M
Q3 25
$142.0M
$86.0M
Q2 25
$145.5M
$85.3M
Q1 25
$136.8M
$86.4M
Q4 24
$87.7M
Q3 24
$136.3M
$88.9M
Q2 24
$140.5M
$88.8M
Net Profit
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$29.6M
Q4 25
$28.0M
$-22.8M
Q3 25
$26.6M
$-12.5M
Q2 25
$26.6M
$-20.8M
Q1 25
$23.6M
$-1.5M
Q4 24
$-17.0M
Q3 24
$26.0M
$-40.8M
Q2 24
$29.2M
$-116.9M
Gross Margin
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
36.5%
Q3 25
37.4%
Q2 25
36.9%
Q1 25
33.4%
Q4 24
37.4%
Q3 24
36.6%
Q2 24
38.1%
Operating Margin
EXPO
EXPO
NHPAP
NHPAP
Q1 26
24.9%
Q4 25
19.7%
-7.8%
Q3 25
12.1%
2.8%
Q2 25
30.5%
-6.5%
Q1 25
19.9%
15.1%
Q4 24
-1.2%
Q3 24
19.0%
-23.5%
Q2 24
25.4%
-113.1%
Net Margin
EXPO
EXPO
NHPAP
NHPAP
Q1 26
17.8%
Q4 25
19.1%
-27.0%
Q3 25
18.7%
-14.6%
Q2 25
18.3%
-24.4%
Q1 25
17.2%
-1.8%
Q4 24
-19.4%
Q3 24
19.1%
-45.8%
Q2 24
20.8%
-131.6%
EPS (diluted)
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$0.59
Q4 25
$0.55
$-0.92
Q3 25
$0.52
$-0.56
Q2 25
$0.52
$-0.85
Q1 25
$0.45
$-0.18
Q4 24
$-0.72
Q3 24
$0.50
$-1.56
Q2 24
$0.57
$-4.24

Balance Sheet & Financial Strength

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

Metric
EXPO
EXPO
NHPAP
NHPAP
Cash + ST InvestmentsLiquidity on hand
$118.6M
$57.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.3M
$600.1M
Total Assets
$687.4M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$118.6M
Q4 25
$207.4M
$57.6M
Q3 25
$231.8M
$47.1M
Q2 25
$245.1M
$47.1M
Q1 25
$258.9M
$71.4M
Q4 24
$21.7M
Q3 24
$219.7M
$32.9M
Q2 24
$203.3M
$29.5M
Stockholders' Equity
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$338.3M
Q4 25
$402.9M
$600.1M
Q3 25
$427.8M
$627.2M
Q2 25
$441.4M
$647.0M
Q1 25
$421.1M
$674.6M
Q4 24
$684.6M
Q3 24
$410.3M
$702.6M
Q2 24
$393.2M
$756.7M
Total Assets
EXPO
EXPO
NHPAP
NHPAP
Q1 26
$687.4M
Q4 25
$761.4M
$1.7B
Q3 25
$759.4M
$1.7B
Q2 25
$763.2M
$1.8B
Q1 25
$777.3M
$1.8B
Q4 24
$1.9B
Q3 24
$744.1M
$2.0B
Q2 24
$709.2M
$2.1B

Cash Flow & Capital Efficiency

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

Metric
EXPO
EXPO
NHPAP
NHPAP
Operating Cash FlowLast quarter
$7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
$32.7M
$7.0M
Q3 25
$36.2M
$10.2M
Q2 25
$7.3M
$8.1M
Q1 25
$56.1M
$-21.2M
Q4 24
$-79.8M
Q3 24
$29.7M
$-95.2M
Q2 24
$48.3M
$6.4M
Free Cash Flow
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
$30.0M
Q3 25
$33.9M
Q2 25
$5.5M
Q1 25
$53.5M
Q4 24
Q3 24
$28.0M
Q2 24
$47.2M
FCF Margin
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
20.4%
Q3 25
23.9%
Q2 25
3.8%
Q1 25
39.1%
Q4 24
Q3 24
20.5%
Q2 24
33.6%
Capex Intensity
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
1.8%
Q3 25
1.6%
Q2 25
1.2%
Q1 25
1.9%
Q4 24
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
EXPO
EXPO
NHPAP
NHPAP
Q1 26
Q4 25
1.16×
Q3 25
1.36×
Q2 25
0.27×
Q1 25
2.38×
Q4 24
Q3 24
1.14×
Q2 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

NHPAP
NHPAP

Seniors Housing Communities$56.3M67%
Outpatient Medical Facilities$28.1M33%

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