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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) and Inotiv, Inc. (NOTV). Click either name above to swap in a different company.

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $84.3M, roughly 1.4× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -23.5%, a 146.4% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 0.8%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $-10.6M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs 0.8%).

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

LTC vs NOTV — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.4× larger
NOTV
$120.9M
$84.3M
LTC
Growing faster (revenue YoY)
LTC
LTC
+59.5% gap
LTC
60.3%
0.8%
NOTV
Higher net margin
LTC
LTC
146.4% more per $
LTC
123.0%
-23.5%
NOTV
More free cash flow
LTC
LTC
$139.3M more FCF
LTC
$128.7M
$-10.6M
NOTV
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
0.8%
NOTV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LTC
LTC
NOTV
NOTV
Revenue
$84.3M
$120.9M
Net Profit
$103.7M
$-28.4M
Gross Margin
Operating Margin
-13.5%
Net Margin
123.0%
-23.5%
Revenue YoY
60.3%
0.8%
Net Profit YoY
429.1%
-2.7%
EPS (diluted)
$2.19
$-0.83

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
LTC
LTC
NOTV
NOTV
Q4 25
$84.3M
$120.9M
Q3 25
$69.3M
$138.1M
Q2 25
$60.2M
$130.7M
Q1 25
$49.0M
$124.3M
Q4 24
$52.6M
$119.9M
Q3 24
$55.8M
$130.4M
Q2 24
$50.1M
$105.8M
Q1 24
$51.4M
$119.0M
Net Profit
LTC
LTC
NOTV
NOTV
Q4 25
$103.7M
$-28.4M
Q3 25
$-20.0M
$-8.6M
Q2 25
$15.1M
$-17.6M
Q1 25
$20.7M
$-14.9M
Q4 24
$19.6M
$-27.6M
Q3 24
$29.4M
$-18.9M
Q2 24
$19.4M
$-26.1M
Q1 24
$24.2M
$-48.1M
Operating Margin
LTC
LTC
NOTV
NOTV
Q4 25
-13.5%
Q3 25
71.9%
-4.9%
Q2 25
80.5%
-4.3%
Q1 25
37.8%
-2.4%
Q4 24
-12.9%
Q3 24
95.5%
-10.1%
Q2 24
38.0%
-19.6%
Q1 24
47.3%
-36.2%
Net Margin
LTC
LTC
NOTV
NOTV
Q4 25
123.0%
-23.5%
Q3 25
-28.9%
-6.2%
Q2 25
25.1%
-13.5%
Q1 25
42.2%
-12.0%
Q4 24
37.3%
-23.0%
Q3 24
52.6%
-14.5%
Q2 24
38.6%
-24.7%
Q1 24
47.2%
-40.4%
EPS (diluted)
LTC
LTC
NOTV
NOTV
Q4 25
$2.19
$-0.83
Q3 25
$-0.44
$-0.14
Q2 25
$0.32
$-0.51
Q1 25
$0.45
$-0.44
Q4 24
$0.38
$-1.02
Q3 24
$0.66
$-0.73
Q2 24
$0.44
$-1.00
Q1 24
$0.56
$-1.86

Balance Sheet & Financial Strength

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

Metric
LTC
LTC
NOTV
NOTV
Cash + ST InvestmentsLiquidity on hand
$14.4M
$12.7M
Total DebtLower is stronger
$842.2M
$405.8M
Stockholders' EquityBook value
$1.1B
$109.0M
Total Assets
$2.1B
$734.3M
Debt / EquityLower = less leverage
0.78×
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
NOTV
NOTV
Q4 25
$14.4M
$12.7M
Q3 25
$17.9M
$21.7M
Q2 25
$7.6M
$6.2M
Q1 25
$23.3M
$19.3M
Q4 24
$9.4M
$38.0M
Q3 24
$35.0M
$21.4M
Q2 24
$6.2M
$14.4M
Q1 24
$9.0M
$32.7M
Total Debt
LTC
LTC
NOTV
NOTV
Q4 25
$842.2M
$405.8M
Q3 25
$944.5M
$402.1M
Q2 25
$696.5M
$396.5M
Q1 25
$682.2M
$399.5M
Q4 24
$684.6M
$396.0M
Q3 24
$785.3M
$393.3M
Q2 24
$861.0M
$382.4M
Q1 24
$860.2M
$380.6M
Stockholders' Equity
LTC
LTC
NOTV
NOTV
Q4 25
$1.1B
$109.0M
Q3 25
$957.9M
$136.0M
Q2 25
$957.5M
$143.8M
Q1 25
$961.9M
$157.7M
Q4 24
$960.6M
$169.8M
Q3 24
$947.8M
$170.5M
Q2 24
$889.1M
$182.1M
Q1 24
$886.2M
$207.2M
Total Assets
LTC
LTC
NOTV
NOTV
Q4 25
$2.1B
$734.3M
Q3 25
$2.0B
$771.1M
Q2 25
$1.8B
$759.7M
Q1 25
$1.8B
$766.0M
Q4 24
$1.8B
$772.9M
Q3 24
$1.9B
$781.4M
Q2 24
$1.9B
$774.6M
Q1 24
$1.8B
$815.4M
Debt / Equity
LTC
LTC
NOTV
NOTV
Q4 25
0.78×
3.72×
Q3 25
0.99×
2.96×
Q2 25
0.73×
2.76×
Q1 25
0.71×
2.53×
Q4 24
0.71×
2.33×
Q3 24
0.83×
2.31×
Q2 24
0.97×
2.10×
Q1 24
0.97×
1.84×

Cash Flow & Capital Efficiency

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

Metric
LTC
LTC
NOTV
NOTV
Operating Cash FlowLast quarter
$136.0M
$-5.4M
Free Cash FlowOCF − Capex
$128.7M
$-10.6M
FCF MarginFCF / Revenue
152.7%
-8.8%
Capex IntensityCapex / Revenue
8.6%
4.3%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
NOTV
NOTV
Q4 25
$136.0M
$-5.4M
Q3 25
$38.4M
$14.3M
Q2 25
$30.0M
$-7.4M
Q1 25
$29.6M
$-12.8M
Q4 24
$125.9M
$-4.5M
Q3 24
$34.0M
$-2.4M
Q2 24
$37.0M
$-14.8M
Q1 24
$21.1M
$16.9M
Free Cash Flow
LTC
LTC
NOTV
NOTV
Q4 25
$128.7M
$-10.6M
Q3 25
$34.3M
$11.6M
Q2 25
$28.9M
$-11.5M
Q1 25
$28.2M
$-18.3M
Q4 24
$112.2M
$-9.0M
Q3 24
$27.7M
$-7.7M
Q2 24
$34.7M
$-19.2M
Q1 24
$19.7M
$9.9M
FCF Margin
LTC
LTC
NOTV
NOTV
Q4 25
152.7%
-8.8%
Q3 25
49.4%
8.4%
Q2 25
47.9%
-8.8%
Q1 25
57.6%
-14.7%
Q4 24
213.4%
-7.5%
Q3 24
49.7%
-5.9%
Q2 24
69.1%
-18.2%
Q1 24
38.4%
8.3%
Capex Intensity
LTC
LTC
NOTV
NOTV
Q4 25
8.6%
4.3%
Q3 25
6.0%
1.9%
Q2 25
1.9%
3.1%
Q1 25
2.7%
4.4%
Q4 24
26.0%
3.7%
Q3 24
11.2%
4.1%
Q2 24
4.6%
4.2%
Q1 24
2.6%
5.9%
Cash Conversion
LTC
LTC
NOTV
NOTV
Q4 25
1.31×
Q3 25
Q2 25
1.99×
Q1 25
1.43×
Q4 24
6.43×
Q3 24
1.16×
Q2 24
1.91×
Q1 24
0.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

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