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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 5.0%, a 1.5% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 11.5%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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...

MPW vs OSW — Head-to-Head

Bigger by revenue
MPW
MPW
1.1× larger
MPW
$270.3M
$242.1M
OSW
Growing faster (revenue YoY)
MPW
MPW
+5.1% gap
MPW
16.6%
11.5%
OSW
Higher net margin
MPW
MPW
1.5% more per $
MPW
6.5%
5.0%
OSW
Faster 2-yr revenue CAGR
OSW
OSW
Annualised
OSW
7.1%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPW
MPW
OSW
OSW
Revenue
$270.3M
$242.1M
Net Profit
$17.6M
$12.1M
Gross Margin
95.8%
Operating Margin
9.7%
6.8%
Net Margin
6.5%
5.0%
Revenue YoY
16.6%
11.5%
Net Profit YoY
104.3%
-16.2%
EPS (diluted)
$0.03
$0.12

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
MPW
MPW
OSW
OSW
Q4 25
$270.3M
$242.1M
Q3 25
$237.5M
$258.5M
Q2 25
$240.4M
$240.7M
Q1 25
$223.8M
$219.6M
Q4 24
$231.8M
$217.2M
Q3 24
$225.8M
$241.7M
Q2 24
$266.6M
$224.9M
Q1 24
$271.3M
$211.2M
Net Profit
MPW
MPW
OSW
OSW
Q4 25
$17.6M
$12.1M
Q3 25
$-77.7M
$24.3M
Q2 25
$-98.4M
$19.9M
Q1 25
$-118.3M
$15.3M
Q4 24
$-412.3M
$14.4M
Q3 24
$-801.2M
$21.6M
Q2 24
$-320.6M
$15.8M
Q1 24
$-875.6M
$21.2M
Gross Margin
MPW
MPW
OSW
OSW
Q4 25
95.8%
Q3 25
Q2 25
91.8%
Q1 25
63.6%
Q4 24
90.9%
Q3 24
96.5%
Q2 24
98.4%
Q1 24
84.9%
Operating Margin
MPW
MPW
OSW
OSW
Q4 25
9.7%
6.8%
Q3 25
-28.0%
10.2%
Q2 25
-36.7%
9.2%
Q1 25
-48.5%
7.7%
Q4 24
-173.7%
7.9%
Q3 24
-350.7%
10.3%
Q2 24
-114.5%
8.4%
Q1 24
-318.6%
8.0%
Net Margin
MPW
MPW
OSW
OSW
Q4 25
6.5%
5.0%
Q3 25
-32.7%
9.4%
Q2 25
-40.9%
8.3%
Q1 25
-52.8%
7.0%
Q4 24
-177.8%
6.6%
Q3 24
-354.8%
8.9%
Q2 24
-120.3%
7.0%
Q1 24
-322.7%
10.0%
EPS (diluted)
MPW
MPW
OSW
OSW
Q4 25
$0.03
$0.12
Q3 25
$-0.13
$0.23
Q2 25
$-0.16
$0.19
Q1 25
$-0.20
$0.15
Q4 24
$-0.68
$0.13
Q3 24
$-1.34
$0.20
Q2 24
$-0.54
$0.15
Q1 24
$-1.46
$0.21

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$540.9M
$16.3M
Total DebtLower is stronger
$9.7B
$84.0M
Stockholders' EquityBook value
$4.6B
$542.6M
Total Assets
$15.0B
$707.1M
Debt / EquityLower = less leverage
2.11×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
OSW
OSW
Q4 25
$540.9M
$16.3M
Q3 25
$396.6M
$29.6M
Q2 25
$509.8M
$35.0M
Q1 25
$673.5M
$22.6M
Q4 24
$332.3M
$57.4M
Q3 24
$275.6M
$48.8M
Q2 24
$606.5M
$62.5M
Q1 24
$224.3M
$65.4M
Total Debt
MPW
MPW
OSW
OSW
Q4 25
$9.7B
$84.0M
Q3 25
$9.6B
$85.2M
Q2 25
$9.6B
$96.2M
Q1 25
$9.5B
$97.4M
Q4 24
$8.8B
$98.6M
Q3 24
$9.2B
$98.7M
Q2 24
$9.4B
$123.8M
Q1 24
$10.1B
$138.6M
Stockholders' Equity
MPW
MPW
OSW
OSW
Q4 25
$4.6B
$542.6M
Q3 25
$4.7B
$552.8M
Q2 25
$4.8B
$548.3M
Q1 25
$4.8B
$530.6M
Q4 24
$4.8B
$554.5M
Q3 24
$5.4B
$540.1M
Q2 24
$6.2B
$532.7M
Q1 24
$6.7B
$515.5M
Total Assets
MPW
MPW
OSW
OSW
Q4 25
$15.0B
$707.1M
Q3 25
$14.9B
$732.6M
Q2 25
$15.2B
$731.8M
Q1 25
$14.9B
$708.7M
Q4 24
$14.3B
$746.4M
Q3 24
$15.2B
$734.0M
Q2 24
$16.2B
$756.8M
Q1 24
$17.3B
$763.6M
Debt / Equity
MPW
MPW
OSW
OSW
Q4 25
2.11×
0.15×
Q3 25
2.06×
0.15×
Q2 25
2.00×
0.18×
Q1 25
1.99×
0.18×
Q4 24
1.83×
0.18×
Q3 24
1.69×
0.18×
Q2 24
1.51×
0.23×
Q1 24
1.51×
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MPW
MPW
OSW
OSW
Operating Cash FlowLast quarter
$230.8M
$20.0M
Free Cash FlowOCF − Capex
$14.9M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
13.11×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
OSW
OSW
Q4 25
$230.8M
$20.0M
Q3 25
$18.6M
$33.2M
Q2 25
$51.7M
$20.3M
Q1 25
$384.0K
$10.1M
Q4 24
$245.5M
$16.6M
Q3 24
$59.2M
$28.6M
Q2 24
$35.3M
$18.7M
Q1 24
$74.3M
$15.0M
Free Cash Flow
MPW
MPW
OSW
OSW
Q4 25
$14.9M
Q3 25
$27.6M
Q2 25
$17.6M
Q1 25
$8.4M
Q4 24
$13.2M
Q3 24
$27.5M
Q2 24
$17.6M
Q1 24
$13.7M
FCF Margin
MPW
MPW
OSW
OSW
Q4 25
6.2%
Q3 25
10.7%
Q2 25
7.3%
Q1 25
3.8%
Q4 24
6.1%
Q3 24
11.4%
Q2 24
7.8%
Q1 24
6.5%
Capex Intensity
MPW
MPW
OSW
OSW
Q4 25
2.1%
Q3 25
2.2%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.5%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.6%
Cash Conversion
MPW
MPW
OSW
OSW
Q4 25
13.11×
1.65×
Q3 25
1.36×
Q2 25
1.02×
Q1 25
0.66×
Q4 24
1.15×
Q3 24
1.33×
Q2 24
1.19×
Q1 24
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MPW
MPW

Segment breakdown not available.

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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