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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and PAMT CORP (PAMT). 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 $141.3M, roughly 1.9× PAMT CORP). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -20.7%, a 27.2% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -15.1%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $141.3M |
| Net Profit | $17.6M | $-29.3M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | -27.0% |
| Net Margin | 6.5% | -20.7% |
| Revenue YoY | 16.6% | -15.1% |
| Net Profit YoY | 104.3% | 7.4% |
| EPS (diluted) | $0.03 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $237.5M | $150.3M | ||
| Q2 25 | $240.4M | $151.1M | ||
| Q1 25 | $223.8M | $155.3M | ||
| Q4 24 | $231.8M | $166.5M | ||
| Q3 24 | $225.8M | $182.6M | ||
| Q2 24 | $266.6M | $182.9M | ||
| Q1 24 | $271.3M | $182.6M |
| Q4 25 | $17.6M | $-29.3M | ||
| Q3 25 | $-77.7M | $-5.6M | ||
| Q2 25 | $-98.4M | $-9.6M | ||
| Q1 25 | $-118.3M | $-8.1M | ||
| Q4 24 | $-412.3M | $-31.6M | ||
| Q3 24 | $-801.2M | $2.4M | ||
| Q2 24 | $-320.6M | $-2.9M | ||
| Q1 24 | $-875.6M | $281.0K |
| 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% | — |
| Q4 25 | 9.7% | -27.0% | ||
| Q3 25 | -28.0% | -3.8% | ||
| Q2 25 | -36.7% | -7.3% | ||
| Q1 25 | -48.5% | -5.9% | ||
| Q4 24 | -173.7% | -22.6% | ||
| Q3 24 | -350.7% | 1.3% | ||
| Q2 24 | -114.5% | -0.4% | ||
| Q1 24 | -318.6% | -0.4% |
| Q4 25 | 6.5% | -20.7% | ||
| Q3 25 | -32.7% | -3.7% | ||
| Q2 25 | -40.9% | -6.4% | ||
| Q1 25 | -52.8% | -5.2% | ||
| Q4 24 | -177.8% | -19.0% | ||
| Q3 24 | -354.8% | 1.3% | ||
| Q2 24 | -120.3% | -1.6% | ||
| Q1 24 | -322.7% | 0.2% |
| Q4 25 | $0.03 | $-1.38 | ||
| Q3 25 | $-0.13 | $-0.27 | ||
| Q2 25 | $-0.16 | $-0.46 | ||
| Q1 25 | $-0.20 | $-0.37 | ||
| Q4 24 | $-0.68 | $-1.44 | ||
| Q3 24 | $-1.34 | $0.11 | ||
| Q2 24 | $-0.54 | $-0.13 | ||
| Q1 24 | $-1.46 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $9.7B | $333.9M |
| Stockholders' EquityBook value | $4.6B | $210.5M |
| Total Assets | $15.0B | $697.9M |
| Debt / EquityLower = less leverage | 2.11× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $83.7M | ||
| Q3 25 | $396.6M | $115.6M | ||
| Q2 25 | $509.8M | $117.3M | ||
| Q1 25 | $673.5M | $102.7M | ||
| Q4 24 | $332.3M | $110.7M | ||
| Q3 24 | $275.6M | $92.3M | ||
| Q2 24 | $606.5M | $114.0M | ||
| Q1 24 | $224.3M | $125.8M |
| Q4 25 | $9.7B | $333.9M | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | $325.6M | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $10.1B | — |
| Q4 25 | $4.6B | $210.5M | ||
| Q3 25 | $4.7B | $239.5M | ||
| Q2 25 | $4.8B | $244.9M | ||
| Q1 25 | $4.8B | $269.6M | ||
| Q4 24 | $4.8B | $277.5M | ||
| Q3 24 | $5.4B | $308.9M | ||
| Q2 24 | $6.2B | $306.7M | ||
| Q1 24 | $6.7B | $314.6M |
| Q4 25 | $15.0B | $697.9M | ||
| Q3 25 | $14.9B | $715.2M | ||
| Q2 25 | $15.2B | $707.9M | ||
| Q1 25 | $14.9B | $712.6M | ||
| Q4 24 | $14.3B | $741.7M | ||
| Q3 24 | $15.2B | $756.7M | ||
| Q2 24 | $16.2B | $733.5M | ||
| Q1 24 | $17.3B | $746.4M |
| Q4 25 | 2.11× | 1.59× | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.83× | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $-5.8M | ||
| Q3 25 | $18.6M | $5.9M | ||
| Q2 25 | $51.7M | $12.2M | ||
| Q1 25 | $384.0K | $5.0M | ||
| Q4 24 | $245.5M | $15.2M | ||
| Q3 24 | $59.2M | $15.5M | ||
| Q2 24 | $35.3M | $18.7M | ||
| Q1 24 | $74.3M | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
