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

National Healthcare Properties, Inc. is the larger business by last-quarter revenue ($84.5M vs $48.4M, roughly 1.7× First Foundation Inc.). National Healthcare Properties, Inc. runs the higher net margin — -27.0% vs -97.9%, a 70.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -3.7%). Over the past eight quarters, National Healthcare Properties, Inc.'s revenue compounded faster (-2.2% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs NHPAP — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.7× larger
NHPAP
$84.5M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+425.4% gap
FFWM
421.7%
-3.7%
NHPAP
Higher net margin
NHPAP
NHPAP
70.9% more per $
NHPAP
-27.0%
-97.9%
FFWM
Faster 2-yr revenue CAGR
NHPAP
NHPAP
Annualised
NHPAP
-2.2%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
NHPAP
NHPAP
Revenue
$48.4M
$84.5M
Net Profit
$-8.0M
$-22.8M
Gross Margin
36.5%
Operating Margin
-97.5%
-7.8%
Net Margin
-97.9%
-27.0%
Revenue YoY
421.7%
-3.7%
Net Profit YoY
43.0%
-33.9%
EPS (diluted)
$-0.09
$-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
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$48.4M
$84.5M
Q3 25
$63.6M
$86.0M
Q2 25
$51.4M
$85.3M
Q1 25
$71.4M
$86.4M
Q4 24
$9.3M
$87.7M
Q3 24
$9.2M
$88.9M
Q2 24
$57.5M
$88.8M
Q1 24
$51.1M
$88.3M
Net Profit
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$-8.0M
$-22.8M
Q3 25
$-146.3M
$-12.5M
Q2 25
$-7.7M
$-20.8M
Q1 25
$6.9M
$-1.5M
Q4 24
$-14.1M
$-17.0M
Q3 24
$-82.2M
$-40.8M
Q2 24
$3.1M
$-116.9M
Q1 24
$793.0K
$-15.6M
Gross Margin
FFWM
FFWM
NHPAP
NHPAP
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%
Q1 24
37.5%
Operating Margin
FFWM
FFWM
NHPAP
NHPAP
Q4 25
-97.5%
-7.8%
Q3 25
-92.7%
2.8%
Q2 25
-21.1%
-6.5%
Q1 25
8.8%
15.1%
Q4 24
-247.7%
-1.2%
Q3 24
-1276.7%
-23.5%
Q2 24
4.6%
-113.1%
Q1 24
-0.2%
-1.3%
Net Margin
FFWM
FFWM
NHPAP
NHPAP
Q4 25
-97.9%
-27.0%
Q3 25
-230.1%
-14.6%
Q2 25
-15.0%
-24.4%
Q1 25
9.7%
-1.8%
Q4 24
-152.2%
-19.4%
Q3 24
-896.9%
-45.8%
Q2 24
5.4%
-131.6%
Q1 24
1.6%
-17.6%
EPS (diluted)
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$-0.09
$-0.92
Q3 25
$-1.78
$-0.56
Q2 25
$-0.09
$-0.85
Q1 25
$0.08
$-0.18
Q4 24
$-0.24
$-0.72
Q3 24
$-1.23
$-1.56
Q2 24
$0.05
$-4.24
Q1 24
$0.01
$-0.67

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
NHPAP
NHPAP
Cash + ST InvestmentsLiquidity on hand
$1.6B
$57.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$600.1M
Total Assets
$11.9B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$1.6B
$57.6M
Q3 25
$1.7B
$47.1M
Q2 25
$1.1B
$47.1M
Q1 25
$1.0B
$71.4M
Q4 24
$1.0B
$21.7M
Q3 24
$1.1B
$32.9M
Q2 24
$1.4B
$29.5M
Q1 24
$1.6B
$28.7M
Stockholders' Equity
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$912.6M
$600.1M
Q3 25
$917.9M
$627.2M
Q2 25
$1.1B
$647.0M
Q1 25
$1.1B
$674.6M
Q4 24
$1.1B
$684.6M
Q3 24
$1.1B
$702.6M
Q2 24
$933.2M
$756.7M
Q1 24
$928.7M
$877.7M
Total Assets
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$11.9B
$1.7B
Q3 25
$11.9B
$1.7B
Q2 25
$11.6B
$1.8B
Q1 25
$12.6B
$1.8B
Q4 24
$12.6B
$1.9B
Q3 24
$13.4B
$2.0B
Q2 24
$13.7B
$2.1B
Q1 24
$13.6B
$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
FFWM
FFWM
NHPAP
NHPAP
Operating Cash FlowLast quarter
$-31.9M
$7.0M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$-31.9M
$7.0M
Q3 25
$9.2M
$10.2M
Q2 25
$-16.3M
$8.1M
Q1 25
$-552.0K
$-21.2M
Q4 24
$-8.7M
$-79.8M
Q3 24
$14.2M
$-95.2M
Q2 24
$-9.1M
$6.4M
Q1 24
$7.2M
$2.5M
Free Cash Flow
FFWM
FFWM
NHPAP
NHPAP
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
NHPAP
NHPAP
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
NHPAP
NHPAP
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
NHPAP
NHPAP
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

NHPAP
NHPAP

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

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