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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and MATRIX SERVICE CO (MTRX). Click either name above to swap in a different company.
MEDICAL PROPERTIES TRUST INC is the larger business by last-quarter revenue ($270.3M vs $210.5M, roughly 1.3× MATRIX SERVICE CO). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -0.4%, a 6.9% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 12.5%). Over the past eight quarters, MATRIX SERVICE CO's revenue compounded faster (12.6% CAGR vs -0.2%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
Matrix Telecom, Inc., operating as Matrix Business Technologies, Trinsic, Powered by Matrix, Excel Telecommunications and various other niche brands is a United States telecommunications firm that provides voice and data services to consumers and small and medium businesses as well as multi-location distributed enterprise markets. The firm also provides wholesale voice services to the telecommunications, wireless and cable industries.
MPW vs MTRX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $210.5M |
| Net Profit | $17.6M | $-894.0K |
| Gross Margin | 95.8% | 6.2% |
| Operating Margin | 9.7% | -1.0% |
| Net Margin | 6.5% | -0.4% |
| Revenue YoY | 16.6% | 12.5% |
| Net Profit YoY | 104.3% | 83.8% |
| EPS (diluted) | $0.03 | $-0.03 |
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.
| Q4 25 | $270.3M | $210.5M | ||
| Q3 25 | $237.5M | $211.9M | ||
| Q2 25 | $240.4M | $216.4M | ||
| Q1 25 | $223.8M | $200.2M | ||
| Q4 24 | $231.8M | $187.2M | ||
| Q3 24 | $225.8M | $165.6M | ||
| Q2 24 | $266.6M | $189.5M | ||
| Q1 24 | $271.3M | $166.0M |
| Q4 25 | $17.6M | $-894.0K | ||
| Q3 25 | $-77.7M | $-3.7M | ||
| Q2 25 | $-98.4M | $-11.3M | ||
| Q1 25 | $-118.3M | $-3.4M | ||
| Q4 24 | $-412.3M | $-5.5M | ||
| Q3 24 | $-801.2M | $-9.2M | ||
| Q2 24 | $-320.6M | $-4.4M | ||
| Q1 24 | $-875.6M | $-14.6M |
| Q4 25 | 95.8% | 6.2% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | 91.8% | 3.8% | ||
| Q1 25 | 63.6% | 6.4% | ||
| Q4 24 | 90.9% | 5.8% | ||
| Q3 24 | 96.5% | 4.7% | ||
| Q2 24 | 98.4% | 6.6% | ||
| Q1 24 | 84.9% | 3.4% |
| Q4 25 | 9.7% | -1.0% | ||
| Q3 25 | -28.0% | -2.6% | ||
| Q2 25 | -36.7% | -6.0% | ||
| Q1 25 | -48.5% | -2.5% | ||
| Q4 24 | -173.7% | -3.4% | ||
| Q3 24 | -350.7% | -6.5% | ||
| Q2 24 | -114.5% | -2.8% | ||
| Q1 24 | -318.6% | -8.7% |
| Q4 25 | 6.5% | -0.4% | ||
| Q3 25 | -32.7% | -1.7% | ||
| Q2 25 | -40.9% | -5.2% | ||
| Q1 25 | -52.8% | -1.7% | ||
| Q4 24 | -177.8% | -3.0% | ||
| Q3 24 | -354.8% | -5.6% | ||
| Q2 24 | -120.3% | -2.3% | ||
| Q1 24 | -322.7% | -8.8% |
| Q4 25 | $0.03 | $-0.03 | ||
| Q3 25 | $-0.13 | $-0.13 | ||
| Q2 25 | $-0.16 | $-0.41 | ||
| Q1 25 | $-0.20 | $-0.12 | ||
| Q4 24 | $-0.68 | $-0.20 | ||
| Q3 24 | $-1.34 | $-0.33 | ||
| Q2 24 | $-0.54 | $-0.16 | ||
| Q1 24 | $-1.46 | $-0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $540.9M | $199.0M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $137.6M |
| Total Assets | $15.0B | $650.2M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $199.0M | ||
| Q3 25 | $396.6M | $192.3M | ||
| Q2 25 | $509.8M | $224.6M | ||
| Q1 25 | $673.5M | $185.5M | ||
| Q4 24 | $332.3M | $156.8M | ||
| Q3 24 | $275.6M | $124.6M | ||
| Q2 24 | $606.5M | $115.6M | ||
| Q1 24 | $224.3M | $69.7M |
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $10.1B | — |
| Q4 25 | $4.6B | $137.6M | ||
| Q3 25 | $4.7B | $136.3M | ||
| Q2 25 | $4.8B | $142.7M | ||
| Q1 25 | $4.8B | $150.7M | ||
| Q4 24 | $4.8B | $151.9M | ||
| Q3 24 | $5.4B | $156.5M | ||
| Q2 24 | $6.2B | $164.2M | ||
| Q1 24 | $6.7B | $165.8M |
| Q4 25 | $15.0B | $650.2M | ||
| Q3 25 | $14.9B | $598.2M | ||
| Q2 25 | $15.2B | $600.3M | ||
| Q1 25 | $14.9B | $613.7M | ||
| Q4 24 | $14.3B | $513.8M | ||
| Q3 24 | $15.2B | $470.2M | ||
| Q2 24 | $16.2B | $451.4M | ||
| Q1 24 | $17.3B | $440.0M |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.51× | — | ||
| Q1 24 | 1.51× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $230.8M | $7.5M |
| Free Cash FlowOCF − Capex | — | $6.3M |
| FCF MarginFCF / Revenue | — | 3.0% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $45.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $7.5M | ||
| Q3 25 | $18.6M | $-25.9M | ||
| Q2 25 | $51.7M | $40.7M | ||
| Q1 25 | $384.0K | $31.2M | ||
| Q4 24 | $245.5M | $33.6M | ||
| Q3 24 | $59.2M | $11.9M | ||
| Q2 24 | $35.3M | $47.0M | ||
| Q1 24 | $74.3M | $24.8M |
| Q4 25 | — | $6.3M | ||
| Q3 25 | — | $-27.9M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $28.7M | ||
| Q4 24 | — | $32.7M | ||
| Q3 24 | — | $10.0M | ||
| Q2 24 | — | $45.7M | ||
| Q1 24 | — | $20.0M |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | -13.2% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 24.1% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
MTRX
| Storage And Terminal Solutions | $99.9M | 47% |
| Utility And Power Infrastructure | $75.4M | 36% |
| Process And Industrial Facilities | $35.3M | 17% |
