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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and ONTO INNOVATION INC. (ONTO). 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 $218.2M, roughly 1.2× ONTO INNOVATION INC.). ONTO INNOVATION INC. runs the higher net margin — 12.9% vs 6.5%, a 6.4% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -13.5%). Over the past eight quarters, ONTO INNOVATION INC.'s revenue compounded faster (2.6% 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...
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
MPW vs ONTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $218.2M |
| Net Profit | $17.6M | $28.2M |
| Gross Margin | 95.8% | 50.7% |
| Operating Margin | 9.7% | 10.9% |
| Net Margin | 6.5% | 12.9% |
| Revenue YoY | 16.6% | -13.5% |
| Net Profit YoY | 104.3% | -46.8% |
| EPS (diluted) | $0.03 | $0.57 |
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 | — | ||
| Q3 25 | $237.5M | $218.2M | ||
| Q2 25 | $240.4M | $253.6M | ||
| Q1 25 | $223.8M | $266.6M | ||
| Q4 24 | $231.8M | $263.9M | ||
| Q3 24 | $225.8M | $252.2M | ||
| Q2 24 | $266.6M | $242.3M | ||
| Q1 24 | $271.3M | $228.8M |
| Q4 25 | $17.6M | — | ||
| Q3 25 | $-77.7M | $28.2M | ||
| Q2 25 | $-98.4M | $33.9M | ||
| Q1 25 | $-118.3M | $64.1M | ||
| Q4 24 | $-412.3M | $48.8M | ||
| Q3 24 | $-801.2M | $53.1M | ||
| Q2 24 | $-320.6M | $52.9M | ||
| Q1 24 | $-875.6M | $46.9M |
| Q4 25 | 95.8% | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | 91.8% | 48.2% | ||
| Q1 25 | 63.6% | 53.7% | ||
| Q4 24 | 90.9% | 50.2% | ||
| Q3 24 | 96.5% | 54.1% | ||
| Q2 24 | 98.4% | 52.9% | ||
| Q1 24 | 84.9% | 51.7% |
| Q4 25 | 9.7% | — | ||
| Q3 25 | -28.0% | 10.9% | ||
| Q2 25 | -36.7% | 12.7% | ||
| Q1 25 | -48.5% | 23.7% | ||
| Q4 24 | -173.7% | 16.1% | ||
| Q3 24 | -350.7% | 21.0% | ||
| Q2 24 | -114.5% | 20.2% | ||
| Q1 24 | -318.6% | 18.7% |
| Q4 25 | 6.5% | — | ||
| Q3 25 | -32.7% | 12.9% | ||
| Q2 25 | -40.9% | 13.4% | ||
| Q1 25 | -52.8% | 24.0% | ||
| Q4 24 | -177.8% | 18.5% | ||
| Q3 24 | -354.8% | 21.0% | ||
| Q2 24 | -120.3% | 21.9% | ||
| Q1 24 | -322.7% | 20.5% |
| Q4 25 | $0.03 | — | ||
| Q3 25 | $-0.13 | $0.57 | ||
| Q2 25 | $-0.16 | $0.69 | ||
| Q1 25 | $-0.20 | $1.30 | ||
| Q4 24 | $-0.68 | $0.98 | ||
| Q3 24 | $-1.34 | $1.07 | ||
| Q2 24 | $-0.54 | $1.07 | ||
| Q1 24 | $-1.46 | $0.94 |
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 | $603.1M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $2.0B |
| Total Assets | $15.0B | $2.2B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | — | ||
| Q3 25 | $396.6M | $603.1M | ||
| Q2 25 | $509.8M | $217.5M | ||
| Q1 25 | $673.5M | $203.7M | ||
| Q4 24 | $332.3M | $212.9M | ||
| Q3 24 | $275.6M | $188.7M | ||
| Q2 24 | $606.5M | $172.6M | ||
| Q1 24 | $224.3M | $190.9M |
| 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 | — | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.8B | $2.0B | ||
| Q1 25 | $4.8B | $1.9B | ||
| Q4 24 | $4.8B | $1.9B | ||
| Q3 24 | $5.4B | $1.9B | ||
| Q2 24 | $6.2B | $1.8B | ||
| Q1 24 | $6.7B | $1.8B |
| Q4 25 | $15.0B | — | ||
| Q3 25 | $14.9B | $2.2B | ||
| Q2 25 | $15.2B | $2.1B | ||
| Q1 25 | $14.9B | $2.1B | ||
| Q4 24 | $14.3B | $2.1B | ||
| Q3 24 | $15.2B | $2.1B | ||
| Q2 24 | $16.2B | $2.0B | ||
| Q1 24 | $17.3B | $2.0B |
| 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 | $83.4M |
| Free Cash FlowOCF − Capex | — | $82.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 13.11× | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | — | ||
| Q3 25 | $18.6M | $83.4M | ||
| Q2 25 | $51.7M | $57.9M | ||
| Q1 25 | $384.0K | $92.0M | ||
| Q4 24 | $245.5M | $56.0M | ||
| Q3 24 | $59.2M | $67.2M | ||
| Q2 24 | $35.3M | $65.3M | ||
| Q1 24 | $74.3M | $57.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $82.0M | ||
| Q2 25 | — | $44.2M | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | — | $59.2M | ||
| Q2 24 | — | $53.0M | ||
| Q1 24 | — | $50.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 31.4% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.23× | ||
| Q1 24 | — | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
