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Side-by-side financial comparison of KalVista Pharmaceuticals, Inc. (KALV) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

UNIVERSAL HEALTH REALTY INCOME TRUST is the larger business by last-quarter revenue ($24.5M vs $13.7M, roughly 1.8× KalVista Pharmaceuticals, Inc.). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -361.4%, a 379.1% gap on every dollar of revenue.

KalVista Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the research, development and commercialization of novel oral serine protease inhibitor therapies. Its core pipeline addresses unmet medical needs for rare and inflammatory diseases including hereditary angioedema and diabetic macular edema, with primary target markets in North America and Europe.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

KALV vs UHT — Head-to-Head

Bigger by revenue
UHT
UHT
1.8× larger
UHT
$24.5M
$13.7M
KALV
Higher net margin
UHT
UHT
379.1% more per $
UHT
17.7%
-361.4%
KALV

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KALV
KALV
UHT
UHT
Revenue
$13.7M
$24.5M
Net Profit
$-49.5M
$4.3M
Gross Margin
91.0%
Operating Margin
-336.3%
34.7%
Net Margin
-361.4%
17.7%
Revenue YoY
-0.7%
Net Profit YoY
-17.1%
-7.2%
EPS (diluted)
$-0.92
$0.32

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
KALV
KALV
UHT
UHT
Q4 25
$24.5M
Q3 25
$13.7M
$25.3M
Q2 25
$24.9M
Q1 25
$24.5M
Q4 24
$24.6M
Q3 24
$0
$24.5M
Q2 24
$24.7M
Q1 24
$25.1M
Net Profit
KALV
KALV
UHT
UHT
Q4 25
$4.3M
Q3 25
$-49.5M
$4.0M
Q2 25
$4.5M
Q1 25
$4.8M
Q4 24
$4.7M
Q3 24
$-40.4M
$4.0M
Q2 24
$5.3M
Q1 24
$5.3M
Gross Margin
KALV
KALV
UHT
UHT
Q4 25
Q3 25
91.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
KALV
KALV
UHT
UHT
Q4 25
34.7%
Q3 25
-336.3%
33.2%
Q2 25
35.6%
Q1 25
36.8%
Q4 24
37.6%
Q3 24
34.7%
Q2 24
38.7%
Q1 24
37.6%
Net Margin
KALV
KALV
UHT
UHT
Q4 25
17.7%
Q3 25
-361.4%
15.9%
Q2 25
18.1%
Q1 25
19.5%
Q4 24
18.9%
Q3 24
16.3%
Q2 24
21.3%
Q1 24
21.1%
EPS (diluted)
KALV
KALV
UHT
UHT
Q4 25
$0.32
Q3 25
$-0.92
$0.29
Q2 25
$0.32
Q1 25
$0.34
Q4 24
$0.34
Q3 24
$-0.87
$0.29
Q2 24
$0.38
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
KALV
KALV
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$243.5M
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$17.0M
$152.4M
Total Assets
$339.9M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KALV
KALV
UHT
UHT
Q4 25
$6.7M
Q3 25
$243.5M
$6.9M
Q2 25
$6.6M
Q1 25
$7.0M
Q4 24
$7.1M
Q3 24
$31.8M
$6.4M
Q2 24
$5.6M
Q1 24
$7.7M
Total Debt
KALV
KALV
UHT
UHT
Q4 25
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KALV
KALV
UHT
UHT
Q4 25
$152.4M
Q3 25
$17.0M
$158.6M
Q2 25
$165.2M
Q1 25
$172.2M
Q4 24
$179.5M
Q3 24
$172.8M
$181.6M
Q2 24
$190.7M
Q1 24
$196.5M
Total Assets
KALV
KALV
UHT
UHT
Q4 25
$564.9M
Q3 25
$339.9M
$568.0M
Q2 25
$573.0M
Q1 25
$573.5M
Q4 24
$580.9M
Q3 24
$200.2M
$584.3M
Q2 24
$586.6M
Q1 24
$596.2M
Debt / Equity
KALV
KALV
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KALV
KALV
UHT
UHT
Operating Cash FlowLast quarter
$49.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KALV
KALV
UHT
UHT
Q4 25
$49.1M
Q3 25
$10.2M
Q2 25
$13.7M
Q1 25
$11.6M
Q4 24
$46.9M
Q3 24
$-40.2M
$9.9M
Q2 24
$12.1M
Q1 24
$11.7M
Free Cash Flow
KALV
KALV
UHT
UHT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-40.2M
Q2 24
Q1 24
Cash Conversion
KALV
KALV
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
10.06×
Q3 24
2.48×
Q2 24
2.30×
Q1 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KALV
KALV

Segment breakdown not available.

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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