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

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $55.1M, roughly 1.5× SOUNDHOUND AI, INC.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 72.8%, a 50.2% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 59.4%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $-22.3M). Over the past eight quarters, SOUNDHOUND AI, INC.'s revenue compounded faster (117.9% CAGR vs 28.1%).

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.

SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.

LTC vs SOUN — Head-to-Head

Bigger by revenue
LTC
LTC
1.5× larger
LTC
$84.3M
$55.1M
SOUN
Growing faster (revenue YoY)
LTC
LTC
+0.9% gap
LTC
60.3%
59.4%
SOUN
Higher net margin
LTC
LTC
50.2% more per $
LTC
123.0%
72.8%
SOUN
More free cash flow
LTC
LTC
$151.0M more FCF
LTC
$128.7M
$-22.3M
SOUN
Faster 2-yr revenue CAGR
SOUN
SOUN
Annualised
SOUN
117.9%
28.1%
LTC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LTC
LTC
SOUN
SOUN
Revenue
$84.3M
$55.1M
Net Profit
$103.7M
$40.1M
Gross Margin
47.9%
Operating Margin
77.3%
Net Margin
123.0%
72.8%
Revenue YoY
60.3%
59.4%
Net Profit YoY
429.1%
115.5%
EPS (diluted)
$2.19
$-0.13

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
SOUN
SOUN
Q4 25
$84.3M
$55.1M
Q3 25
$69.3M
$42.0M
Q2 25
$60.2M
$42.7M
Q1 25
$49.0M
$29.1M
Q4 24
$52.6M
$34.5M
Q3 24
$55.8M
$25.1M
Q2 24
$50.1M
$13.5M
Q1 24
$51.4M
$11.6M
Net Profit
LTC
LTC
SOUN
SOUN
Q4 25
$103.7M
$40.1M
Q3 25
$-20.0M
$-109.3M
Q2 25
$15.1M
$-74.7M
Q1 25
$20.7M
$129.9M
Q4 24
$19.6M
$-258.6M
Q3 24
$29.4M
$-21.8M
Q2 24
$19.4M
$-37.3M
Q1 24
$24.2M
$-33.0M
Gross Margin
LTC
LTC
SOUN
SOUN
Q4 25
47.9%
Q3 25
42.6%
Q2 25
39.0%
Q1 25
36.5%
Q4 24
39.9%
Q3 24
48.6%
Q2 24
63.0%
Q1 24
59.7%
Operating Margin
LTC
LTC
SOUN
SOUN
Q4 25
77.3%
Q3 25
71.9%
-275.6%
Q2 25
80.5%
-182.9%
Q1 25
37.8%
Q4 24
-744.2%
Q3 24
95.5%
-134.6%
Q2 24
38.0%
-163.3%
Q1 24
47.3%
-246.1%
Net Margin
LTC
LTC
SOUN
SOUN
Q4 25
123.0%
72.8%
Q3 25
-28.9%
-259.9%
Q2 25
25.1%
-175.1%
Q1 25
42.2%
446.1%
Q4 24
37.3%
-748.6%
Q3 24
52.6%
-86.7%
Q2 24
38.6%
-277.2%
Q1 24
47.2%
-284.7%
EPS (diluted)
LTC
LTC
SOUN
SOUN
Q4 25
$2.19
$-0.13
Q3 25
$-0.44
$-0.27
Q2 25
$0.32
$-0.19
Q1 25
$0.45
$0.31
Q4 24
$0.38
$-0.75
Q3 24
$0.66
$-0.06
Q2 24
$0.44
$-0.11
Q1 24
$0.56
$-0.12

Balance Sheet & Financial Strength

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

Metric
LTC
LTC
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$14.4M
$248.5M
Total DebtLower is stronger
$842.2M
Stockholders' EquityBook value
$1.1B
$463.8M
Total Assets
$2.1B
$688.2M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
SOUN
SOUN
Q4 25
$14.4M
$248.5M
Q3 25
$17.9M
$268.9M
Q2 25
$7.6M
$230.3M
Q1 25
$23.3M
$245.8M
Q4 24
$9.4M
$198.2M
Q3 24
$35.0M
$135.6M
Q2 24
$6.2M
$200.2M
Q1 24
$9.0M
$211.7M
Total Debt
LTC
LTC
SOUN
SOUN
Q4 25
$842.2M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
$0
Q3 24
$785.3M
Q2 24
$861.0M
Q1 24
$860.2M
$85.5M
Stockholders' Equity
LTC
LTC
SOUN
SOUN
Q4 25
$1.1B
$463.8M
Q3 25
$957.9M
$399.2M
Q2 25
$957.5M
$359.8M
Q1 25
$961.9M
$397.0M
Q4 24
$960.6M
$182.7M
Q3 24
$947.8M
$296.0M
Q2 24
$889.1M
$223.9M
Q1 24
$886.2M
$155.5M
Total Assets
LTC
LTC
SOUN
SOUN
Q4 25
$2.1B
$688.2M
Q3 25
$2.0B
$702.2M
Q2 25
$1.8B
$579.5M
Q1 25
$1.8B
$587.5M
Q4 24
$1.8B
$554.0M
Q3 24
$1.9B
$499.7M
Q2 24
$1.9B
$266.7M
Q1 24
$1.8B
$287.4M
Debt / Equity
LTC
LTC
SOUN
SOUN
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
0.00×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×
0.55×

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
SOUN
SOUN
Operating Cash FlowLast quarter
$136.0M
$-21.9M
Free Cash FlowOCF − Capex
$128.7M
$-22.3M
FCF MarginFCF / Revenue
152.7%
-40.4%
Capex IntensityCapex / Revenue
8.6%
0.7%
Cash ConversionOCF / Net Profit
1.31×
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$220.1M
$-99.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
SOUN
SOUN
Q4 25
$136.0M
$-21.9M
Q3 25
$38.4M
$-32.7M
Q2 25
$30.0M
$-24.5M
Q1 25
$29.6M
$-19.2M
Q4 24
$125.9M
$-33.1M
Q3 24
$34.0M
$-35.3M
Q2 24
$37.0M
$-18.5M
Q1 24
$21.1M
$-21.9M
Free Cash Flow
LTC
LTC
SOUN
SOUN
Q4 25
$128.7M
$-22.3M
Q3 25
$34.3M
$-32.8M
Q2 25
$28.9M
$-24.7M
Q1 25
$28.2M
$-19.3M
Q4 24
$112.2M
$-33.2M
Q3 24
$27.7M
$-35.5M
Q2 24
$34.7M
$-18.7M
Q1 24
$19.7M
$-22.0M
FCF Margin
LTC
LTC
SOUN
SOUN
Q4 25
152.7%
-40.4%
Q3 25
49.4%
-78.1%
Q2 25
47.9%
-57.8%
Q1 25
57.6%
-66.4%
Q4 24
213.4%
-96.1%
Q3 24
49.7%
-141.6%
Q2 24
69.1%
-139.1%
Q1 24
38.4%
-190.2%
Capex Intensity
LTC
LTC
SOUN
SOUN
Q4 25
8.6%
0.7%
Q3 25
6.0%
0.4%
Q2 25
1.9%
0.4%
Q1 25
2.7%
0.6%
Q4 24
26.0%
0.2%
Q3 24
11.2%
0.9%
Q2 24
4.6%
1.8%
Q1 24
2.6%
0.9%
Cash Conversion
LTC
LTC
SOUN
SOUN
Q4 25
1.31×
-0.55×
Q3 25
Q2 25
1.99×
Q1 25
1.43×
-0.15×
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%

SOUN
SOUN

Hosted Services$37.7M68%
Licensing$12.6M23%
Professional Service$4.6M8%

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