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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $270.3M, roughly 1.3× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -10.8%, a 17.3% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 15.6%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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...
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
MPW vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $349.1M |
| Net Profit | $17.6M | $-37.6M |
| Gross Margin | 95.8% | 80.1% |
| Operating Margin | 9.7% | -12.3% |
| Net Margin | 6.5% | -10.8% |
| Revenue YoY | 16.6% | 15.6% |
| Net Profit YoY | 104.3% | 39.6% |
| EPS (diluted) | $0.03 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $237.5M | $338.9M | ||
| Q2 25 | $240.4M | $323.9M | ||
| Q1 25 | $223.8M | $310.6M | ||
| Q4 24 | $231.8M | $302.0M | ||
| Q3 24 | $225.8M | $295.9M | ||
| Q2 24 | $266.6M | $284.3M | ||
| Q1 24 | $271.3M | $269.4M |
| Q4 25 | $17.6M | $-37.6M | ||
| Q3 25 | $-77.7M | $-9.1M | ||
| Q2 25 | $-98.4M | $-21.1M | ||
| Q1 25 | $-118.3M | $-33.0M | ||
| Q4 24 | $-412.3M | $-62.3M | ||
| Q3 24 | $-801.2M | $-26.4M | ||
| Q2 24 | $-320.6M | $-6.3M | ||
| Q1 24 | $-875.6M | $-11.0M |
| Q4 25 | 95.8% | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | 91.8% | 79.1% | ||
| Q1 25 | 63.6% | 79.1% | ||
| Q4 24 | 90.9% | 81.2% | ||
| Q3 24 | 96.5% | 81.4% | ||
| Q2 24 | 98.4% | 83.1% | ||
| Q1 24 | 84.9% | 83.0% |
| Q4 25 | 9.7% | -12.3% | ||
| Q3 25 | -28.0% | -4.4% | ||
| Q2 25 | -36.7% | -9.3% | ||
| Q1 25 | -48.5% | -11.7% | ||
| Q4 24 | -173.7% | -21.9% | ||
| Q3 24 | -350.7% | -12.3% | ||
| Q2 24 | -114.5% | -5.2% | ||
| Q1 24 | -318.6% | -7.0% |
| Q4 25 | 6.5% | -10.8% | ||
| Q3 25 | -32.7% | -2.7% | ||
| Q2 25 | -40.9% | -6.5% | ||
| Q1 25 | -52.8% | -10.6% | ||
| Q4 24 | -177.8% | -20.6% | ||
| Q3 24 | -354.8% | -8.9% | ||
| Q2 24 | -120.3% | -2.2% | ||
| Q1 24 | -322.7% | -4.1% |
| Q4 25 | $0.03 | $-0.25 | ||
| Q3 25 | $-0.13 | $-0.06 | ||
| Q2 25 | $-0.16 | $-0.14 | ||
| Q1 25 | $-0.20 | $-0.22 | ||
| Q4 24 | $-0.68 | $-0.42 | ||
| Q3 24 | $-1.34 | $-0.18 | ||
| Q2 24 | $-0.54 | $-0.04 | ||
| Q1 24 | $-1.46 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $1.3B |
| Total Assets | $15.0B | $2.2B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $768.5M | ||
| Q3 25 | $396.6M | $684.0M | ||
| Q2 25 | $509.8M | $620.9M | ||
| Q1 25 | $673.5M | $566.7M | ||
| Q4 24 | $332.3M | $775.4M | ||
| Q3 24 | $275.6M | $756.9M | ||
| Q2 24 | $606.5M | $735.4M | ||
| Q1 24 | $224.3M | $744.6M |
| 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 | $1.3B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.8B | $1.3B | ||
| Q3 24 | $5.4B | $1.3B | ||
| Q2 24 | $6.2B | $1.3B | ||
| Q1 24 | $6.7B | $1.2B |
| Q4 25 | $15.0B | $2.2B | ||
| Q3 25 | $14.9B | $2.1B | ||
| Q2 25 | $15.2B | $2.0B | ||
| Q1 25 | $14.9B | $1.9B | ||
| Q4 24 | $14.3B | $2.1B | ||
| Q3 24 | $15.2B | $2.0B | ||
| Q2 24 | $16.2B | $2.0B | ||
| Q1 24 | $17.3B | $1.9B |
| 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 | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $114.9M | ||
| Q3 25 | $18.6M | $88.5M | ||
| Q2 25 | $51.7M | $30.8M | ||
| Q1 25 | $384.0K | $66.0M | ||
| Q4 24 | $245.5M | $29.1M | ||
| Q3 24 | $59.2M | $39.3M | ||
| Q2 24 | $35.3M | $58.7M | ||
| Q1 24 | $74.3M | $69.1M |
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
