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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.9× Purple Innovation, Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -2.3%, a 8.8% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 9.1%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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...
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
MPW vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $140.7M |
| Net Profit | $17.6M | $-3.2M |
| Gross Margin | 95.8% | 41.9% |
| Operating Margin | 9.7% | -1.6% |
| Net Margin | 6.5% | -2.3% |
| Revenue YoY | 16.6% | 9.1% |
| Net Profit YoY | 104.3% | 62.1% |
| EPS (diluted) | $0.03 | $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.
| Q4 25 | $270.3M | $140.7M | ||
| Q3 25 | $237.5M | $118.8M | ||
| Q2 25 | $240.4M | $105.1M | ||
| Q1 25 | $223.8M | $104.2M | ||
| Q4 24 | $231.8M | $129.0M | ||
| Q3 24 | $225.8M | $118.6M | ||
| Q2 24 | $266.6M | $120.3M | ||
| Q1 24 | $271.3M | $120.0M |
| Q4 25 | $17.6M | $-3.2M | ||
| Q3 25 | $-77.7M | $-11.7M | ||
| Q2 25 | $-98.4M | $-17.3M | ||
| Q1 25 | $-118.3M | $-19.1M | ||
| Q4 24 | $-412.3M | $-8.5M | ||
| Q3 24 | $-801.2M | $-39.2M | ||
| Q2 24 | $-320.6M | $27.0K | ||
| Q1 24 | $-875.6M | $-50.2M |
| Q4 25 | 95.8% | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | 91.8% | 35.9% | ||
| Q1 25 | 63.6% | 39.4% | ||
| Q4 24 | 90.9% | 42.9% | ||
| Q3 24 | 96.5% | 29.7% | ||
| Q2 24 | 98.4% | 40.7% | ||
| Q1 24 | 84.9% | 34.8% |
| Q4 25 | 9.7% | -1.6% | ||
| Q3 25 | -28.0% | -10.2% | ||
| Q2 25 | -36.7% | -13.5% | ||
| Q1 25 | -48.5% | -13.9% | ||
| Q4 24 | -173.7% | -6.0% | ||
| Q3 24 | -350.7% | -39.5% | ||
| Q2 24 | -114.5% | -12.1% | ||
| Q1 24 | -318.6% | -19.3% |
| Q4 25 | 6.5% | -2.3% | ||
| Q3 25 | -32.7% | -9.9% | ||
| Q2 25 | -40.9% | -16.5% | ||
| Q1 25 | -52.8% | -18.4% | ||
| Q4 24 | -177.8% | -6.6% | ||
| Q3 24 | -354.8% | -33.1% | ||
| Q2 24 | -120.3% | 0.0% | ||
| Q1 24 | -322.7% | -41.8% |
| Q4 25 | $0.03 | $0.03 | ||
| Q3 25 | $-0.13 | $0.11 | ||
| Q2 25 | $-0.16 | $0.16 | ||
| Q1 25 | $-0.20 | $0.18 | ||
| Q4 24 | $-0.68 | $0.08 | ||
| Q3 24 | $-1.34 | $0.36 | ||
| Q2 24 | $-0.54 | $0.00 | ||
| Q1 24 | $-1.46 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $9.7B | $126.7M |
| Stockholders' EquityBook value | $4.6B | $-29.7M |
| Total Assets | $15.0B | $296.3M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $24.3M | ||
| Q3 25 | $396.6M | $32.4M | ||
| Q2 25 | $509.8M | $34.2M | ||
| Q1 25 | $673.5M | $21.6M | ||
| Q4 24 | $332.3M | $29.0M | ||
| Q3 24 | $275.6M | $23.4M | ||
| Q2 24 | $606.5M | $23.4M | ||
| Q1 24 | $224.3M | $34.5M |
| Q4 25 | $9.7B | $126.7M | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | $70.7M | ||
| Q3 24 | $9.2B | $50.8M | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $10.1B | — |
| Q4 25 | $4.6B | $-29.7M | ||
| Q3 25 | $4.7B | $-26.9M | ||
| Q2 25 | $4.8B | $-15.6M | ||
| Q1 25 | $4.8B | $1.3M | ||
| Q4 24 | $4.8B | $20.2M | ||
| Q3 24 | $5.4B | $28.0M | ||
| Q2 24 | $6.2B | $66.4M | ||
| Q1 24 | $6.7B | $65.5M |
| Q4 25 | $15.0B | $296.3M | ||
| Q3 25 | $14.9B | $302.1M | ||
| Q2 25 | $15.2B | $303.8M | ||
| Q1 25 | $14.9B | $293.8M | ||
| Q4 24 | $14.3B | $307.8M | ||
| Q3 24 | $15.2B | $309.3M | ||
| Q2 24 | $16.2B | $362.1M | ||
| Q1 24 | $17.3B | $382.1M |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | — | ||
| Q4 24 | 1.83× | 3.50× | ||
| Q3 24 | 1.69× | 1.82× | ||
| 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 | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $-5.8M | ||
| Q3 25 | $18.6M | $-968.0K | ||
| Q2 25 | $51.7M | $-4.0M | ||
| Q1 25 | $384.0K | $-23.1M | ||
| Q4 24 | $245.5M | $6.8M | ||
| Q3 24 | $59.2M | $1.1M | ||
| Q2 24 | $35.3M | $-8.9M | ||
| Q1 24 | $74.3M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
