vs

Side-by-side financial comparison of High Tide Inc. (HITI) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

MEDICAL PROPERTIES TRUST INC is the larger business by last-quarter revenue ($270.3M vs $142.5M, roughly 1.9× High Tide Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -1.9%, a 8.4% gap on every dollar of revenue.

High Tide Inc. is a Canada-based consumer retail and lifestyle company focused on the global cannabis sector. It operates a large network of licensed cannabis dispensaries across North America, sells cannabis consumption accessories and branded cannabis products, and runs multiple leading e-commerce platforms catering to recreational and medical cannabis users.

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

HITI vs MPW — Head-to-Head

Bigger by revenue
MPW
MPW
1.9× larger
MPW
$270.3M
$142.5M
HITI
Higher net margin
MPW
MPW
8.4% more per $
MPW
6.5%
-1.9%
HITI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HITI
HITI
MPW
MPW
Revenue
$142.5M
$270.3M
Net Profit
$-2.7M
$17.6M
Gross Margin
95.8%
Operating Margin
0.0%
9.7%
Net Margin
-1.9%
6.5%
Revenue YoY
16.6%
Net Profit YoY
104.3%
EPS (diluted)
$0.03

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
HITI
HITI
MPW
MPW
Q1 26
$142.5M
Q4 25
$270.3M
Q3 25
$131.7M
$237.5M
Q2 25
$124.3M
$240.4M
Q1 25
$223.8M
Q4 24
$128.1M
$231.8M
Q3 24
$225.8M
Q2 24
$266.6M
Net Profit
HITI
HITI
MPW
MPW
Q1 26
$-2.7M
Q4 25
$17.6M
Q3 25
$991.0K
$-77.7M
Q2 25
$166.0K
$-98.4M
Q1 25
$-118.3M
Q4 24
$-412.3M
Q3 24
$-801.2M
Q2 24
$-320.6M
Gross Margin
HITI
HITI
MPW
MPW
Q1 26
Q4 25
95.8%
Q3 25
26.9%
Q2 25
28.4%
91.8%
Q1 25
63.6%
Q4 24
28.1%
90.9%
Q3 24
96.5%
Q2 24
98.4%
Operating Margin
HITI
HITI
MPW
MPW
Q1 26
0.0%
Q4 25
9.7%
Q3 25
2.3%
-28.0%
Q2 25
1.6%
-36.7%
Q1 25
-48.5%
Q4 24
2.2%
-173.7%
Q3 24
-350.7%
Q2 24
-114.5%
Net Margin
HITI
HITI
MPW
MPW
Q1 26
-1.9%
Q4 25
6.5%
Q3 25
0.8%
-32.7%
Q2 25
0.1%
-40.9%
Q1 25
-52.8%
Q4 24
-177.8%
Q3 24
-354.8%
Q2 24
-120.3%
EPS (diluted)
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$0.03
Q3 25
$-0.13
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.68
Q3 24
$-1.34
Q2 24
$-0.54

Balance Sheet & Financial Strength

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

Metric
HITI
HITI
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$540.9M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$4.6B
Total Assets
$15.0B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$540.9M
Q3 25
$396.6M
Q2 25
$509.8M
Q1 25
$673.5M
Q4 24
$332.3M
Q3 24
$275.6M
Q2 24
$606.5M
Total Debt
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$9.7B
Q3 25
$9.6B
Q2 25
$9.6B
Q1 25
$9.5B
Q4 24
$8.8B
Q3 24
$9.2B
Q2 24
$9.4B
Stockholders' Equity
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$4.6B
Q3 25
$4.7B
Q2 25
$4.8B
Q1 25
$4.8B
Q4 24
$4.8B
Q3 24
$5.4B
Q2 24
$6.2B
Total Assets
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$15.0B
Q3 25
$14.9B
Q2 25
$15.2B
Q1 25
$14.9B
Q4 24
$14.3B
Q3 24
$15.2B
Q2 24
$16.2B
Debt / Equity
HITI
HITI
MPW
MPW
Q1 26
Q4 25
2.11×
Q3 25
2.06×
Q2 25
2.00×
Q1 25
1.99×
Q4 24
1.83×
Q3 24
1.69×
Q2 24
1.51×

Cash Flow & Capital Efficiency

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

Metric
HITI
HITI
MPW
MPW
Operating Cash FlowLast quarter
$230.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HITI
HITI
MPW
MPW
Q1 26
Q4 25
$230.8M
Q3 25
$18.6M
Q2 25
$51.7M
Q1 25
$384.0K
Q4 24
$245.5M
Q3 24
$59.2M
Q2 24
$35.3M
Cash Conversion
HITI
HITI
MPW
MPW
Q1 26
Q4 25
13.11×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Related Comparisons