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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.

Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $270.3M, roughly 1.4× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 2.1%, a 4.4% gap on every dollar of revenue. Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% 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...

Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...

MPW vs PERI — Head-to-Head

Bigger by revenue
PERI
PERI
1.4× larger
PERI
$368.7M
$270.3M
MPW
Higher net margin
MPW
MPW
4.4% more per $
MPW
6.5%
2.1%
PERI
Faster 2-yr revenue CAGR
PERI
PERI
Annualised
PERI
16.4%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MPW
MPW
PERI
PERI
Revenue
$270.3M
$368.7M
Net Profit
$17.6M
$7.7M
Gross Margin
95.8%
Operating Margin
9.7%
2.0%
Net Margin
6.5%
2.1%
Revenue YoY
16.6%
Net Profit YoY
104.3%
EPS (diluted)
$0.03

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
PERI
PERI
Q4 25
$270.3M
Q3 25
$237.5M
$368.7M
Q2 25
$240.4M
$266.5M
Q1 25
$223.8M
$157.8M
Q4 24
$231.8M
Q3 24
$225.8M
$508.9M
Q2 24
$266.6M
$323.6M
Q1 24
$271.3M
$145.2M
Net Profit
MPW
MPW
PERI
PERI
Q4 25
$17.6M
Q3 25
$-77.7M
$7.7M
Q2 25
$-98.4M
$5.6M
Q1 25
$-118.3M
$11.8M
Q4 24
$-412.3M
Q3 24
$-801.2M
$78.0M
Q2 24
$-320.6M
$45.2M
Q1 24
$-875.6M
$23.8M
Gross Margin
MPW
MPW
PERI
PERI
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
PERI
PERI
Q4 25
9.7%
Q3 25
-28.0%
2.0%
Q2 25
-36.7%
-1.7%
Q1 25
-48.5%
5.4%
Q4 24
-173.7%
Q3 24
-350.7%
15.1%
Q2 24
-114.5%
13.7%
Q1 24
-318.6%
16.9%
Net Margin
MPW
MPW
PERI
PERI
Q4 25
6.5%
Q3 25
-32.7%
2.1%
Q2 25
-40.9%
2.1%
Q1 25
-52.8%
7.5%
Q4 24
-177.8%
Q3 24
-354.8%
15.3%
Q2 24
-120.3%
14.0%
Q1 24
-322.7%
16.4%
EPS (diluted)
MPW
MPW
PERI
PERI
Q4 25
$0.03
Q3 25
$-0.13
Q2 25
$-0.16
Q1 25
$-0.20
Q4 24
$-0.68
Q3 24
$-1.34
Q2 24
$-0.54
Q1 24
$-1.46

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
PERI
PERI
Cash + ST InvestmentsLiquidity on hand
$540.9M
$156.2M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$4.6B
$722.9M
Total Assets
$15.0B
$915.5M
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
PERI
PERI
Q4 25
$540.9M
Q3 25
$396.6M
$156.2M
Q2 25
$509.8M
$156.2M
Q1 25
$673.5M
$156.2M
Q4 24
$332.3M
Q3 24
$275.6M
$187.6M
Q2 24
$606.5M
$187.6M
Q1 24
$224.3M
$187.6M
Total Debt
MPW
MPW
PERI
PERI
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
Stockholders' Equity
MPW
MPW
PERI
PERI
Q4 25
$4.6B
Q3 25
$4.7B
$722.9M
Q2 25
$4.8B
$722.9M
Q1 25
$4.8B
$722.9M
Q4 24
$4.8B
Q3 24
$5.4B
$718.1M
Q2 24
$6.2B
$718.1M
Q1 24
$6.7B
$718.1M
Total Assets
MPW
MPW
PERI
PERI
Q4 25
$15.0B
Q3 25
$14.9B
$915.5M
Q2 25
$15.2B
$915.5M
Q1 25
$14.9B
$915.5M
Q4 24
$14.3B
Q3 24
$15.2B
$1.1B
Q2 24
$16.2B
$1.1B
Q1 24
$17.3B
$1.1B
Debt / Equity
MPW
MPW
PERI
PERI
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
MPW
MPW
PERI
PERI
Operating Cash FlowLast quarter
$230.8M
$2.6M
Free Cash FlowOCF − Capex
$-2.9M
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
13.11×
0.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
PERI
PERI
Q4 25
$230.8M
Q3 25
$18.6M
$2.6M
Q2 25
$51.7M
Q1 25
$384.0K
Q4 24
$245.5M
Q3 24
$59.2M
$105.2M
Q2 24
$35.3M
Q1 24
$74.3M
$17.8M
Free Cash Flow
MPW
MPW
PERI
PERI
Q4 25
Q3 25
$-2.9M
Q2 25
Q1 25
Q4 24
Q3 24
$104.7M
Q2 24
Q1 24
$17.6M
FCF Margin
MPW
MPW
PERI
PERI
Q4 25
Q3 25
-0.8%
Q2 25
Q1 25
Q4 24
Q3 24
20.6%
Q2 24
Q1 24
12.2%
Capex Intensity
MPW
MPW
PERI
PERI
Q4 25
Q3 25
1.5%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
0.1%
Cash Conversion
MPW
MPW
PERI
PERI
Q4 25
13.11×
Q3 25
0.34×
Q2 25
Q1 25
Q4 24
Q3 24
1.35×
Q2 24
Q1 24
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPW
MPW

Segment breakdown not available.

PERI
PERI

Advertising Solutions$231.4M63%
Search Advertising$137.3M37%

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