vs
Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $270.3M, roughly 1.6× MEDICAL PROPERTIES TRUST INC). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 6.5%, a 29.2% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% 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...
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
MPW vs NFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $425.9M |
| Net Profit | $17.6M | $152.0M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | 81.5% |
| Net Margin | 6.5% | 35.7% |
| Revenue YoY | 16.6% | 1.7% |
| Net Profit YoY | 104.3% | — |
| EPS (diluted) | $0.03 | $1.59 |
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.
| Q1 26 | — | $425.9M | ||
| Q4 25 | $270.3M | $637.9M | ||
| Q3 25 | $237.5M | $443.1M | ||
| Q2 25 | $240.4M | $527.4M | ||
| Q1 25 | $223.8M | $734.8M | ||
| Q4 24 | $231.8M | $513.8M | ||
| Q3 24 | $225.8M | $310.0M | ||
| Q2 24 | $266.6M | $338.6M |
| Q1 26 | — | $152.0M | ||
| Q4 25 | $17.6M | $181.6M | ||
| Q3 25 | $-77.7M | $107.3M | ||
| Q2 25 | $-98.4M | $149.8M | ||
| Q1 25 | $-118.3M | $216.4M | ||
| Q4 24 | $-412.3M | $45.0M | ||
| Q3 24 | $-801.2M | $-167.6M | ||
| Q2 24 | $-320.6M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 95.8% | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | 91.8% | 94.7% | ||
| Q1 25 | 63.6% | 81.6% | ||
| Q4 24 | 90.9% | 87.3% | ||
| Q3 24 | 96.5% | — | ||
| Q2 24 | 98.4% | 98.5% |
| Q1 26 | — | 81.5% | ||
| Q4 25 | 9.7% | 43.3% | ||
| Q3 25 | -28.0% | 40.6% | ||
| Q2 25 | -36.7% | 43.7% | ||
| Q1 25 | -48.5% | 43.2% | ||
| Q4 24 | -173.7% | 16.8% | ||
| Q3 24 | -350.7% | -63.4% | ||
| Q2 24 | -114.5% | -15.2% |
| Q1 26 | — | 35.7% | ||
| Q4 25 | 6.5% | 28.5% | ||
| Q3 25 | -32.7% | 24.2% | ||
| Q2 25 | -40.9% | 28.4% | ||
| Q1 25 | -52.8% | 29.4% | ||
| Q4 24 | -177.8% | 8.8% | ||
| Q3 24 | -354.8% | -54.1% | ||
| Q2 24 | -120.3% | -16.0% |
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.03 | $1.98 | ||
| Q3 25 | $-0.13 | $1.18 | ||
| Q2 25 | $-0.16 | $1.64 | ||
| Q1 25 | $-0.20 | $2.37 | ||
| Q4 24 | $-0.68 | $0.49 | ||
| Q3 24 | $-1.34 | $-1.81 | ||
| Q2 24 | $-0.54 | $-0.59 |
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 | — |
| Total DebtLower is stronger | $9.7B | $300.0M |
| Stockholders' EquityBook value | $4.6B | — |
| Total Assets | $15.0B | $9.1B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.9M | $271.4M | ||
| Q3 25 | $396.6M | $43.2M | ||
| Q2 25 | $509.8M | $39.3M | ||
| Q1 25 | $673.5M | $40.0M | ||
| Q4 24 | $332.3M | $48.7M | ||
| Q3 24 | $275.6M | $38.2M | ||
| Q2 24 | $606.5M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | $9.7B | $2.7B | ||
| Q3 25 | $9.6B | $2.7B | ||
| Q2 25 | $9.6B | $2.7B | ||
| Q1 25 | $9.5B | $2.7B | ||
| Q4 24 | $8.8B | $2.7B | ||
| Q3 24 | $9.2B | $2.7B | ||
| Q2 24 | $9.4B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $3.6B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.8B | $3.0B | ||
| Q1 25 | $4.8B | $2.8B | ||
| Q4 24 | $4.8B | $-76.2M | ||
| Q3 24 | $5.4B | $-15.5M | ||
| Q2 24 | $6.2B | $5.0M |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $15.0B | $9.2B | ||
| Q3 25 | $14.9B | $8.7B | ||
| Q2 25 | $15.2B | $8.4B | ||
| Q1 25 | $14.9B | $8.5B | ||
| Q4 24 | $14.3B | $8.3B | ||
| Q3 24 | $15.2B | $8.3B | ||
| Q2 24 | $16.2B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | 0.75× | ||
| Q3 25 | 2.06× | 0.87× | ||
| Q2 25 | 2.00× | 0.90× | ||
| Q1 25 | 1.99× | 0.99× | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 1.51× | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | 13.11× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $230.8M | $274.9M | ||
| Q3 25 | $18.6M | $237.8M | ||
| Q2 25 | $51.7M | $388.4M | ||
| Q1 25 | $384.0K | $253.8M | ||
| Q4 24 | $245.5M | $220.1M | ||
| Q3 24 | $59.2M | $197.9M | ||
| Q2 24 | $35.3M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 13.11× | 1.51× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.59× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
