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

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $49.3M, roughly 1.7× Upland Software, Inc.). On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -27.5%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $7.2M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

LTC vs UPLD — Head-to-Head

Bigger by revenue
LTC
LTC
1.7× larger
LTC
$84.3M
$49.3M
UPLD
Growing faster (revenue YoY)
LTC
LTC
+87.8% gap
LTC
60.3%
-27.5%
UPLD
More free cash flow
LTC
LTC
$121.5M more FCF
LTC
$128.7M
$7.2M
UPLD
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LTC
LTC
UPLD
UPLD
Revenue
$84.3M
$49.3M
Net Profit
$103.7M
Gross Margin
76.5%
Operating Margin
14.5%
Net Margin
123.0%
Revenue YoY
60.3%
-27.5%
Net Profit YoY
429.1%
EPS (diluted)
$2.19
$0.01

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
UPLD
UPLD
Q4 25
$84.3M
$49.3M
Q3 25
$69.3M
$50.5M
Q2 25
$60.2M
$53.4M
Q1 25
$49.0M
$63.7M
Q4 24
$52.6M
$68.0M
Q3 24
$55.8M
$66.7M
Q2 24
$50.1M
$69.3M
Q1 24
$51.4M
$70.7M
Net Profit
LTC
LTC
UPLD
UPLD
Q4 25
$103.7M
Q3 25
$-20.0M
$-1.1M
Q2 25
$15.1M
$-13.0M
Q1 25
$20.7M
$-25.8M
Q4 24
$19.6M
Q3 24
$29.4M
$-1.7M
Q2 24
$19.4M
$-11.4M
Q1 24
$24.2M
$-96.1M
Gross Margin
LTC
LTC
UPLD
UPLD
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Q1 24
70.2%
Operating Margin
LTC
LTC
UPLD
UPLD
Q4 25
14.5%
Q3 25
71.9%
10.6%
Q2 25
80.5%
-13.2%
Q1 25
37.8%
-1.7%
Q4 24
-2.9%
Q3 24
95.5%
-5.0%
Q2 24
38.0%
-7.7%
Q1 24
47.3%
-129.6%
Net Margin
LTC
LTC
UPLD
UPLD
Q4 25
123.0%
Q3 25
-28.9%
-2.2%
Q2 25
25.1%
-24.4%
Q1 25
42.2%
-40.6%
Q4 24
37.3%
Q3 24
52.6%
-2.6%
Q2 24
38.6%
-16.5%
Q1 24
47.2%
-135.9%
EPS (diluted)
LTC
LTC
UPLD
UPLD
Q4 25
$2.19
$0.01
Q3 25
$-0.44
$-0.09
Q2 25
$0.32
$-0.51
Q1 25
$0.45
$-0.97
Q4 24
$0.38
$-0.30
Q3 24
$0.66
$-0.12
Q2 24
$0.44
$-0.47
Q1 24
$0.56
$-3.37

Balance Sheet & Financial Strength

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

Metric
LTC
LTC
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$14.4M
$29.4M
Total DebtLower is stronger
$842.2M
$232.4M
Stockholders' EquityBook value
$1.1B
$-48.4M
Total Assets
$2.1B
$413.2M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
UPLD
UPLD
Q4 25
$14.4M
$29.4M
Q3 25
$17.9M
$22.8M
Q2 25
$7.6M
$41.0M
Q1 25
$23.3M
$33.7M
Q4 24
$9.4M
$56.4M
Q3 24
$35.0M
$59.7M
Q2 24
$6.2M
$232.4M
Q1 24
$9.0M
$231.6M
Total Debt
LTC
LTC
UPLD
UPLD
Q4 25
$842.2M
$232.4M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
$290.2M
Q3 24
$785.3M
Q2 24
$861.0M
Q1 24
$860.2M
Stockholders' Equity
LTC
LTC
UPLD
UPLD
Q4 25
$1.1B
$-48.4M
Q3 25
$957.9M
$-47.3M
Q2 25
$957.5M
$-42.4M
Q1 25
$961.9M
$-37.8M
Q4 24
$960.6M
$-18.3M
Q3 24
$947.8M
$907.0K
Q2 24
$889.1M
$6.5M
Q1 24
$886.2M
$20.1M
Total Assets
LTC
LTC
UPLD
UPLD
Q4 25
$2.1B
$413.2M
Q3 25
$2.0B
$409.1M
Q2 25
$1.8B
$441.7M
Q1 25
$1.8B
$457.0M
Q4 24
$1.8B
$529.5M
Q3 24
$1.9B
$554.9M
Q2 24
$1.9B
$739.9M
Q1 24
$1.8B
$754.9M
Debt / Equity
LTC
LTC
UPLD
UPLD
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×

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
UPLD
UPLD
Operating Cash FlowLast quarter
$136.0M
$7.3M
Free Cash FlowOCF − Capex
$128.7M
$7.2M
FCF MarginFCF / Revenue
152.7%
14.7%
Capex IntensityCapex / Revenue
8.6%
0.2%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
UPLD
UPLD
Q4 25
$136.0M
$7.3M
Q3 25
$38.4M
$6.9M
Q2 25
$30.0M
$3.3M
Q1 25
$29.6M
$8.3M
Q4 24
$125.9M
$9.3M
Q3 24
$34.0M
$4.3M
Q2 24
$37.0M
$5.5M
Q1 24
$21.1M
$5.1M
Free Cash Flow
LTC
LTC
UPLD
UPLD
Q4 25
$128.7M
$7.2M
Q3 25
$34.3M
$6.7M
Q2 25
$28.9M
$2.7M
Q1 25
$28.2M
$7.9M
Q4 24
$112.2M
$9.0M
Q3 24
$27.7M
$4.2M
Q2 24
$34.7M
$5.2M
Q1 24
$19.7M
$4.9M
FCF Margin
LTC
LTC
UPLD
UPLD
Q4 25
152.7%
14.7%
Q3 25
49.4%
13.2%
Q2 25
47.9%
5.0%
Q1 25
57.6%
12.4%
Q4 24
213.4%
13.3%
Q3 24
49.7%
6.3%
Q2 24
69.1%
7.5%
Q1 24
38.4%
7.0%
Capex Intensity
LTC
LTC
UPLD
UPLD
Q4 25
8.6%
0.2%
Q3 25
6.0%
0.4%
Q2 25
1.9%
1.2%
Q1 25
2.7%
0.7%
Q4 24
26.0%
0.5%
Q3 24
11.2%
0.2%
Q2 24
4.6%
0.4%
Q1 24
2.6%
0.3%
Cash Conversion
LTC
LTC
UPLD
UPLD
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%

UPLD
UPLD

Segment breakdown not available.

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