vs
Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $270.3M, roughly 1.4× MEDICAL PROPERTIES TRUST INC). Paylocity Holding Corp runs the higher net margin — 13.0% vs 6.5%, a 6.5% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 11.3%). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% 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...
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
MPW vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $387.0M |
| Net Profit | $17.6M | $50.2M |
| Gross Margin | 95.8% | 72.9% |
| Operating Margin | 9.7% | 18.2% |
| Net Margin | 6.5% | 13.0% |
| Revenue YoY | 16.6% | 11.3% |
| Net Profit YoY | 104.3% | 34.0% |
| EPS (diluted) | $0.03 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $237.5M | $378.9M | ||
| Q2 25 | $240.4M | $369.9M | ||
| Q1 25 | $223.8M | $421.1M | ||
| Q4 24 | $231.8M | $347.7M | ||
| Q3 24 | $225.8M | $333.1M | ||
| Q2 24 | $266.6M | $324.7M | ||
| Q1 24 | $271.3M | $366.8M |
| Q4 25 | $17.6M | $50.2M | ||
| Q3 25 | $-77.7M | $48.0M | ||
| Q2 25 | $-98.4M | $48.6M | ||
| Q1 25 | $-118.3M | $91.5M | ||
| Q4 24 | $-412.3M | $37.5M | ||
| Q3 24 | $-801.2M | $49.6M | ||
| Q2 24 | $-320.6M | $48.8M | ||
| Q1 24 | $-875.6M | $85.3M |
| Q4 25 | 95.8% | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | 91.8% | 73.5% | ||
| Q1 25 | 63.6% | 77.1% | ||
| Q4 24 | 90.9% | 72.6% | ||
| Q3 24 | 96.5% | 74.4% | ||
| Q2 24 | 98.4% | 74.0% | ||
| Q1 24 | 84.9% | 77.8% |
| Q4 25 | 9.7% | 18.2% | ||
| Q3 25 | -28.0% | 19.6% | ||
| Q2 25 | -36.7% | 17.9% | ||
| Q1 25 | -48.5% | 30.2% | ||
| Q4 24 | -173.7% | 13.4% | ||
| Q3 24 | -350.7% | 19.3% | ||
| Q2 24 | -114.5% | 19.4% | ||
| Q1 24 | -318.6% | 29.0% |
| Q4 25 | 6.5% | 13.0% | ||
| Q3 25 | -32.7% | 12.7% | ||
| Q2 25 | -40.9% | 13.1% | ||
| Q1 25 | -52.8% | 21.7% | ||
| Q4 24 | -177.8% | 10.8% | ||
| Q3 24 | -354.8% | 14.9% | ||
| Q2 24 | -120.3% | 15.0% | ||
| Q1 24 | -322.7% | 23.3% |
| Q4 25 | $0.03 | $0.92 | ||
| Q3 25 | $-0.13 | $0.86 | ||
| Q2 25 | $-0.16 | $0.87 | ||
| Q1 25 | $-0.20 | $1.61 | ||
| Q4 24 | $-0.68 | $0.66 | ||
| Q3 24 | $-1.34 | $0.88 | ||
| Q2 24 | $-0.54 | $0.85 | ||
| Q1 24 | $-1.46 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | $9.7B | $81.3M |
| Stockholders' EquityBook value | $4.6B | $1.1B |
| Total Assets | $15.0B | $7.0B |
| Debt / EquityLower = less leverage | 2.11× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $162.5M | ||
| Q3 25 | $396.6M | $165.2M | ||
| Q2 25 | $509.8M | $398.1M | ||
| Q1 25 | $673.5M | $477.8M | ||
| Q4 24 | $332.3M | $482.4M | ||
| Q3 24 | $275.6M | $778.5M | ||
| Q2 24 | $606.5M | $401.8M | ||
| Q1 24 | $224.3M | $492.7M |
| Q4 25 | $9.7B | $81.3M | ||
| Q3 25 | $9.6B | $81.3M | ||
| Q2 25 | $9.6B | $162.5M | ||
| Q1 25 | $9.5B | $243.8M | ||
| Q4 24 | $8.8B | $325.0M | ||
| Q3 24 | $9.2B | $325.0M | ||
| Q2 24 | $9.4B | $0 | ||
| Q1 24 | $10.1B | — |
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.7B | $1.1B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.8B | $1.2B | ||
| Q4 24 | $4.8B | $1.2B | ||
| Q3 24 | $5.4B | $1.1B | ||
| Q2 24 | $6.2B | $1.0B | ||
| Q1 24 | $6.7B | $1.1B |
| Q4 25 | $15.0B | $7.0B | ||
| Q3 25 | $14.9B | $4.2B | ||
| Q2 25 | $15.2B | $4.4B | ||
| Q1 25 | $14.9B | $5.2B | ||
| Q4 24 | $14.3B | $5.3B | ||
| Q3 24 | $15.2B | $4.0B | ||
| Q2 24 | $16.2B | $4.2B | ||
| Q1 24 | $17.3B | $5.0B |
| Q4 25 | 2.11× | 0.07× | ||
| Q3 25 | 2.06× | 0.07× | ||
| Q2 25 | 2.00× | 0.13× | ||
| Q1 25 | 1.99× | 0.20× | ||
| Q4 24 | 1.83× | 0.28× | ||
| Q3 24 | 1.69× | 0.29× | ||
| Q2 24 | 1.51× | 0.00× | ||
| 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 | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 13.11× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $117.0M | ||
| Q3 25 | $18.6M | $86.5M | ||
| Q2 25 | $51.7M | $86.6M | ||
| Q1 25 | $384.0K | $186.0M | ||
| Q4 24 | $245.5M | $54.2M | ||
| Q3 24 | $59.2M | $91.5M | ||
| Q2 24 | $35.3M | $79.9M | ||
| Q1 24 | $74.3M | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 13.11× | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.84× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | — | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
