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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and UNIVERSAL DISPLAY CORP \PA\ (OLED). 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 $142.2M, roughly 1.9× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 6.5%, a 18.7% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -14.5%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -5.3%).
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...
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
MPW vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $142.2M |
| Net Profit | $17.6M | $35.9M |
| Gross Margin | 95.8% | 74.6% |
| Operating Margin | 9.7% | 30.1% |
| Net Margin | 6.5% | 25.2% |
| Revenue YoY | 16.6% | -14.5% |
| Net Profit YoY | 104.3% | -44.3% |
| EPS (diluted) | $0.03 | $0.76 |
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 | — | $142.2M | ||
| Q4 25 | $270.3M | $172.9M | ||
| Q3 25 | $237.5M | $139.6M | ||
| Q2 25 | $240.4M | $171.8M | ||
| Q1 25 | $223.8M | $166.3M | ||
| Q4 24 | $231.8M | $162.3M | ||
| Q3 24 | $225.8M | $161.6M | ||
| Q2 24 | $266.6M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $17.6M | $66.3M | ||
| Q3 25 | $-77.7M | $44.0M | ||
| Q2 25 | $-98.4M | $67.3M | ||
| Q1 25 | $-118.3M | $64.4M | ||
| Q4 24 | $-412.3M | $46.0M | ||
| Q3 24 | $-801.2M | $66.9M | ||
| Q2 24 | $-320.6M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 95.8% | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | 91.8% | 77.2% | ||
| Q1 25 | 63.6% | 77.1% | ||
| Q4 24 | 90.9% | 77.0% | ||
| Q3 24 | 96.5% | 77.8% | ||
| Q2 24 | 98.4% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 9.7% | 38.9% | ||
| Q3 25 | -28.0% | 30.9% | ||
| Q2 25 | -36.7% | 39.9% | ||
| Q1 25 | -48.5% | 41.9% | ||
| Q4 24 | -173.7% | 32.3% | ||
| Q3 24 | -350.7% | 41.5% | ||
| Q2 24 | -114.5% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 6.5% | 38.4% | ||
| Q3 25 | -32.7% | 31.5% | ||
| Q2 25 | -40.9% | 39.2% | ||
| Q1 25 | -52.8% | 38.8% | ||
| Q4 24 | -177.8% | 28.4% | ||
| Q3 24 | -354.8% | 41.4% | ||
| Q2 24 | -120.3% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.03 | $1.40 | ||
| Q3 25 | $-0.13 | $0.92 | ||
| Q2 25 | $-0.16 | $1.41 | ||
| Q1 25 | $-0.20 | $1.35 | ||
| Q4 24 | $-0.68 | $0.96 | ||
| Q3 24 | $-1.34 | $1.40 | ||
| Q2 24 | $-0.54 | $1.10 |
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 | $516.4M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | — |
| Total Assets | $15.0B | $1.9B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $540.9M | $602.4M | ||
| Q3 25 | $396.6M | $603.0M | ||
| Q2 25 | $509.8M | $525.2M | ||
| Q1 25 | $673.5M | $571.3M | ||
| Q4 24 | $332.3M | $492.7M | ||
| Q3 24 | $275.6M | $551.6M | ||
| Q2 24 | $606.5M | $530.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $4.6B | $1.8B | ||
| Q3 25 | $4.7B | $1.7B | ||
| Q2 25 | $4.8B | $1.7B | ||
| Q1 25 | $4.8B | $1.7B | ||
| Q4 24 | $4.8B | $1.6B | ||
| Q3 24 | $5.4B | $1.6B | ||
| Q2 24 | $6.2B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $15.0B | $2.0B | ||
| Q3 25 | $14.9B | $1.9B | ||
| Q2 25 | $15.2B | $1.9B | ||
| Q1 25 | $14.9B | $1.9B | ||
| Q4 24 | $14.3B | $1.8B | ||
| Q3 24 | $15.2B | $1.8B | ||
| Q2 24 | $16.2B | $1.8B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 13.11× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $230.8M | $31.1M | ||
| Q3 25 | $18.6M | $97.2M | ||
| Q2 25 | $51.7M | $51.9M | ||
| Q1 25 | $384.0K | $30.6M | ||
| Q4 24 | $245.5M | $34.7M | ||
| Q3 24 | $59.2M | $79.9M | ||
| Q2 24 | $35.3M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $37.5M | ||
| Q1 25 | — | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | — | $66.2M | ||
| Q2 24 | — | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 60.4% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 13.11× | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
