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Side-by-side financial comparison of HARLEY-DAVIDSON, INC. (HOG) and MEDICAL PROPERTIES TRUST INC (MPW). Click either name above to swap in a different company.

HARLEY-DAVIDSON, INC. is the larger business by last-quarter revenue ($390.5M vs $270.3M, roughly 1.4× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -72.3%, a 78.9% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -9.4%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -48.6%).

Harley-Davidson, Inc. is an American motorcycle manufacturer and lifestyle brand headquartered in Milwaukee, Wisconsin. Founded in 1903, it is one of two major American motorcycle manufacturers to survive the Great Depression along with its historical rival, Indian Motorcycle Company. The company has survived numerous ownership arrangements, subsidiary arrangements, periods of poor economic health and product quality, and intense global competition to become an iconic brand widely known for i...

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...

HOG vs MPW — Head-to-Head

Bigger by revenue
HOG
HOG
1.4× larger
HOG
$390.5M
$270.3M
MPW
Growing faster (revenue YoY)
MPW
MPW
+26.0% gap
MPW
16.6%
-9.4%
HOG
Higher net margin
MPW
MPW
78.9% more per $
MPW
6.5%
-72.3%
HOG
Faster 2-yr revenue CAGR
MPW
MPW
Annualised
MPW
-0.2%
-48.6%
HOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HOG
HOG
MPW
MPW
Revenue
$390.5M
$270.3M
Net Profit
$-282.6M
$17.6M
Gross Margin
-7.9%
95.8%
Operating Margin
-92.4%
9.7%
Net Margin
-72.3%
6.5%
Revenue YoY
-9.4%
16.6%
Net Profit YoY
-138.6%
104.3%
EPS (diluted)
$-2.27
$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
HOG
HOG
MPW
MPW
Q4 25
$390.5M
$270.3M
Q3 25
$1.1B
$237.5M
Q2 25
$1.0B
$240.4M
Q1 25
$1.1B
$223.8M
Q4 24
$430.9M
$231.8M
Q3 24
$881.2M
$225.8M
Q2 24
$1.4B
$266.6M
Q1 24
$1.5B
$271.3M
Net Profit
HOG
HOG
MPW
MPW
Q4 25
$-282.6M
$17.6M
Q3 25
$377.4M
$-77.7M
Q2 25
$107.6M
$-98.4M
Q1 25
$133.1M
$-118.3M
Q4 24
$-118.4M
$-412.3M
Q3 24
$119.0M
$-801.2M
Q2 24
$218.3M
$-320.6M
Q1 24
$234.9M
$-875.6M
Gross Margin
HOG
HOG
MPW
MPW
Q4 25
-7.9%
95.8%
Q3 25
26.0%
Q2 25
28.5%
91.8%
Q1 25
28.9%
63.6%
Q4 24
-2.0%
90.9%
Q3 24
29.8%
96.5%
Q2 24
31.8%
98.4%
Q1 24
30.9%
84.9%
Operating Margin
HOG
HOG
MPW
MPW
Q4 25
-92.4%
9.7%
Q3 25
44.0%
-28.0%
Q2 25
10.7%
-36.7%
Q1 25
14.8%
-48.5%
Q4 24
-44.9%
-173.7%
Q3 24
12.0%
-350.7%
Q2 24
17.8%
-114.5%
Q1 24
17.8%
-318.6%
Net Margin
HOG
HOG
MPW
MPW
Q4 25
-72.3%
6.5%
Q3 25
35.0%
-32.7%
Q2 25
10.2%
-40.9%
Q1 25
12.3%
-52.8%
Q4 24
-27.5%
-177.8%
Q3 24
13.5%
-354.8%
Q2 24
16.1%
-120.3%
Q1 24
15.9%
-322.7%
EPS (diluted)
HOG
HOG
MPW
MPW
Q4 25
$-2.27
$0.03
Q3 25
$3.10
$-0.13
Q2 25
$0.88
$-0.16
Q1 25
$1.07
$-0.20
Q4 24
$-0.82
$-0.68
Q3 24
$0.91
$-1.34
Q2 24
$1.63
$-0.54
Q1 24
$1.72
$-1.46

Balance Sheet & Financial Strength

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

Metric
HOG
HOG
MPW
MPW
Cash + ST InvestmentsLiquidity on hand
$3.1B
$540.9M
Total DebtLower is stronger
$2.5B
$9.7B
Stockholders' EquityBook value
$3.1B
$4.6B
Total Assets
$8.0B
$15.0B
Debt / EquityLower = less leverage
0.79×
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOG
HOG
MPW
MPW
Q4 25
$3.1B
$540.9M
Q3 25
$1.8B
$396.6M
Q2 25
$1.6B
$509.8M
Q1 25
$1.9B
$673.5M
Q4 24
$1.6B
$332.3M
Q3 24
$2.2B
$275.6M
Q2 24
$1.8B
$606.5M
Q1 24
$1.5B
$224.3M
Total Debt
HOG
HOG
MPW
MPW
Q4 25
$2.5B
$9.7B
Q3 25
$4.5B
$9.6B
Q2 25
$6.4B
$9.6B
Q1 25
$6.8B
$9.5B
Q4 24
$6.3B
$8.8B
Q3 24
$7.3B
$9.2B
Q2 24
$7.0B
$9.4B
Q1 24
$6.3B
$10.1B
Stockholders' Equity
HOG
HOG
MPW
MPW
Q4 25
$3.1B
$4.6B
Q3 25
$3.6B
$4.7B
Q2 25
$3.3B
$4.8B
Q1 25
$3.2B
$4.8B
Q4 24
$3.2B
$4.8B
Q3 24
$3.4B
$5.4B
Q2 24
$3.4B
$6.2B
Q1 24
$3.3B
$6.7B
Total Assets
HOG
HOG
MPW
MPW
Q4 25
$8.0B
$15.0B
Q3 25
$10.6B
$14.9B
Q2 25
$12.1B
$15.2B
Q1 25
$12.4B
$14.9B
Q4 24
$11.9B
$14.3B
Q3 24
$13.0B
$15.2B
Q2 24
$12.8B
$16.2B
Q1 24
$12.3B
$17.3B
Debt / Equity
HOG
HOG
MPW
MPW
Q4 25
0.79×
2.11×
Q3 25
1.25×
2.06×
Q2 25
1.91×
2.00×
Q1 25
2.14×
1.99×
Q4 24
2.00×
1.83×
Q3 24
2.13×
1.69×
Q2 24
2.03×
1.51×
Q1 24
1.88×
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
HOG
HOG
MPW
MPW
Operating Cash FlowLast quarter
$152.0M
$230.8M
Free Cash FlowOCF − Capex
$100.4M
FCF MarginFCF / Revenue
25.7%
Capex IntensityCapex / Revenue
13.2%
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters
$415.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOG
HOG
MPW
MPW
Q4 25
$152.0M
$230.8M
Q3 25
$-92.6M
$18.6M
Q2 25
$368.0M
$51.7M
Q1 25
$141.5M
$384.0K
Q4 24
$133.2M
$245.5M
Q3 24
$353.0M
$59.2M
Q2 24
$473.6M
$35.3M
Q1 24
$104.0M
$74.3M
Free Cash Flow
HOG
HOG
MPW
MPW
Q4 25
$100.4M
Q3 25
$-129.1M
Q2 25
$332.4M
Q1 25
$111.6M
Q4 24
$77.0M
Q3 24
$300.4M
Q2 24
$432.2M
Q1 24
$57.6M
FCF Margin
HOG
HOG
MPW
MPW
Q4 25
25.7%
Q3 25
-12.0%
Q2 25
31.7%
Q1 25
10.3%
Q4 24
17.9%
Q3 24
34.1%
Q2 24
31.9%
Q1 24
3.9%
Capex Intensity
HOG
HOG
MPW
MPW
Q4 25
13.2%
Q3 25
3.4%
Q2 25
3.4%
Q1 25
2.8%
Q4 24
13.0%
Q3 24
6.0%
Q2 24
3.1%
Q1 24
3.1%
Cash Conversion
HOG
HOG
MPW
MPW
Q4 25
13.11×
Q3 25
-0.25×
Q2 25
3.42×
Q1 25
1.06×
Q4 24
Q3 24
2.97×
Q2 24
2.17×
Q1 24
0.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HOG
HOG

Motorcycles$193.9M50%
Other$63.8M16%
Other Income Financial Services$59.8M15%
Apparel$47.2M12%
Livewire Segment$11.4M3%

MPW
MPW

Segment breakdown not available.

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