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Side-by-side financial comparison of Healthcare Realty Trust Inc (HR) and Bio-Techne (TECH). Click either name above to swap in a different company.

Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $286.3M, roughly 1.0× Healthcare Realty Trust Inc). Healthcare Realty Trust Inc runs the higher net margin — 183.4% vs 12.8%, a 170.5% gap on every dollar of revenue. On growth, Bio-Techne posted the faster year-over-year revenue change (-6.4% vs -7.6%). Over the past eight quarters, Bio-Techne's revenue compounded faster (4.2% CAGR vs -6.4%).

Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.

HR vs TECH — Head-to-Head

Bigger by revenue
TECH
TECH
1.0× larger
TECH
$295.9M
$286.3M
HR
Growing faster (revenue YoY)
TECH
TECH
+1.2% gap
TECH
-6.4%
-7.6%
HR
Higher net margin
HR
HR
170.5% more per $
HR
183.4%
12.8%
TECH
Faster 2-yr revenue CAGR
TECH
TECH
Annualised
TECH
4.2%
-6.4%
HR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HR
HR
TECH
TECH
Revenue
$286.3M
$295.9M
Net Profit
$14.6M
$38.0M
Gross Margin
64.6%
Operating Margin
18.4%
Net Margin
183.4%
12.8%
Revenue YoY
-7.6%
-6.4%
Net Profit YoY
113.5%
68.3%
EPS (diluted)
$0.04
$0.24

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
HR
HR
TECH
TECH
Q4 25
$286.3M
$295.9M
Q3 25
$297.8M
Q2 25
$297.5M
$317.0M
Q1 25
$299.0M
$316.2M
Q4 24
$309.8M
$297.0M
Q3 24
$315.4M
$289.5M
Q2 24
$316.3M
$306.1M
Q1 24
$326.8M
$303.4M
Net Profit
HR
HR
TECH
TECH
Q4 25
$14.6M
$38.0M
Q3 25
$-57.7M
Q2 25
$-157.9M
$-17.7M
Q1 25
$-44.9M
$22.6M
Q4 24
$-108.2M
$34.9M
Q3 24
$-93.0M
$33.6M
Q2 24
$-143.8M
$40.6M
Q1 24
$-310.8M
$49.1M
Gross Margin
HR
HR
TECH
TECH
Q4 25
64.6%
Q3 25
Q2 25
62.7%
Q1 25
67.9%
Q4 24
65.3%
Q3 24
63.2%
Q2 24
66.4%
Q1 24
67.4%
Operating Margin
HR
HR
TECH
TECH
Q4 25
18.4%
Q3 25
Q2 25
-7.5%
Q1 25
12.2%
Q4 24
16.0%
Q3 24
13.8%
Q2 24
15.0%
Q1 24
22.1%
Net Margin
HR
HR
TECH
TECH
Q4 25
183.4%
12.8%
Q3 25
-19.4%
Q2 25
-53.1%
-5.6%
Q1 25
-15.0%
7.1%
Q4 24
-1924.1%
11.7%
Q3 24
-29.5%
11.6%
Q2 24
-45.5%
13.3%
Q1 24
-95.1%
16.2%
EPS (diluted)
HR
HR
TECH
TECH
Q4 25
$0.04
$0.24
Q3 25
$-0.17
Q2 25
$-0.45
$-0.11
Q1 25
$-0.13
$0.14
Q4 24
$-0.34
$0.22
Q3 24
$-0.26
$0.21
Q2 24
$-0.39
$0.26
Q1 24
$-0.82
$0.31

Balance Sheet & Financial Strength

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

Metric
HR
HR
TECH
TECH
Cash + ST InvestmentsLiquidity on hand
$26.2M
$172.9M
Total DebtLower is stronger
$3.9B
$260.0M
Stockholders' EquityBook value
$4.6B
$2.0B
Total Assets
$9.2B
$2.5B
Debt / EquityLower = less leverage
0.85×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HR
HR
TECH
TECH
Q4 25
$26.2M
$172.9M
Q3 25
$43.3M
Q2 25
$25.5M
$162.2M
Q1 25
$25.7M
$140.7M
Q4 24
$68.9M
$177.5M
Q3 24
$22.8M
$187.5M
Q2 24
$41.8M
$152.9M
Q1 24
$26.2M
$145.3M
Total Debt
HR
HR
TECH
TECH
Q4 25
$3.9B
$260.0M
Q3 25
$4.5B
Q2 25
$4.7B
$346.0M
Q1 25
$4.7B
$330.0M
Q4 24
$4.7B
$300.0M
Q3 24
$5.0B
$300.0M
Q2 24
$5.1B
$319.0M
Q1 24
$5.1B
$389.0M
Stockholders' Equity
HR
HR
TECH
TECH
Q4 25
$4.6B
$2.0B
Q3 25
$4.7B
Q2 25
$4.8B
$1.9B
Q1 25
$5.1B
$2.0B
Q4 24
$5.2B
$2.1B
Q3 24
$5.5B
$2.1B
Q2 24
$5.9B
$2.1B
Q1 24
$6.4B
$2.0B
Total Assets
HR
HR
TECH
TECH
Q4 25
$9.2B
$2.5B
Q3 25
$9.9B
Q2 25
$10.2B
$2.6B
Q1 25
$10.5B
$2.6B
Q4 24
$10.7B
$2.7B
Q3 24
$11.2B
$2.7B
Q2 24
$11.8B
$2.7B
Q1 24
$12.3B
$2.7B
Debt / Equity
HR
HR
TECH
TECH
Q4 25
0.85×
0.13×
Q3 25
0.96×
Q2 25
0.97×
0.18×
Q1 25
0.93×
0.16×
Q4 24
0.89×
0.14×
Q3 24
0.90×
0.14×
Q2 24
0.87×
0.15×
Q1 24
0.80×
0.19×

Cash Flow & Capital Efficiency

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

Metric
HR
HR
TECH
TECH
Operating Cash FlowLast quarter
$457.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
31.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HR
HR
TECH
TECH
Q4 25
$457.1M
Q3 25
$113.8M
Q2 25
$163.2M
$98.2M
Q1 25
$47.8M
$41.1M
Q4 24
$501.6M
$84.3M
Q3 24
$119.3M
$63.9M
Q2 24
$168.2M
$75.5M
Q1 24
$76.2M
$81.0M
Free Cash Flow
HR
HR
TECH
TECH
Q4 25
Q3 25
Q2 25
$93.3M
Q1 25
$31.0M
Q4 24
$77.5M
Q3 24
$54.7M
Q2 24
$57.5M
Q1 24
$64.5M
FCF Margin
HR
HR
TECH
TECH
Q4 25
Q3 25
Q2 25
29.4%
Q1 25
9.8%
Q4 24
26.1%
Q3 24
18.9%
Q2 24
18.8%
Q1 24
21.3%
Capex Intensity
HR
HR
TECH
TECH
Q4 25
Q3 25
Q2 25
1.5%
Q1 25
3.2%
Q4 24
2.3%
Q3 24
3.2%
Q2 24
5.9%
Q1 24
5.4%
Cash Conversion
HR
HR
TECH
TECH
Q4 25
31.33×
Q3 25
Q2 25
Q1 25
1.82×
Q4 24
2.42×
Q3 24
1.90×
Q2 24
1.86×
Q1 24
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HR
HR

Segment breakdown not available.

TECH
TECH

Diagnostics And Spatial Biology$81.2M27%
EMEA Excluding UK$75.4M25%
Other$42.4M14%
Instruments$29.6M10%
APAC Excluding Greater China$22.7M8%
Services$22.3M8%
GB$13.7M5%
Royalty$8.5M3%

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