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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and QUALYS, INC. (QLYS). 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 $175.3M, roughly 1.5× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 6.5%, a 23.8% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 10.1%). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% 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...
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
MPW vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $175.3M |
| Net Profit | $17.6M | $53.1M |
| Gross Margin | 95.8% | 83.4% |
| Operating Margin | 9.7% | 33.6% |
| Net Margin | 6.5% | 30.3% |
| Revenue YoY | 16.6% | 10.1% |
| Net Profit YoY | 104.3% | 20.9% |
| EPS (diluted) | $0.03 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $237.5M | $169.9M | ||
| Q2 25 | $240.4M | $164.1M | ||
| Q1 25 | $223.8M | $159.9M | ||
| Q4 24 | $231.8M | $159.2M | ||
| Q3 24 | $225.8M | $153.9M | ||
| Q2 24 | $266.6M | $148.7M | ||
| Q1 24 | $271.3M | $145.8M |
| Q4 25 | $17.6M | $53.1M | ||
| Q3 25 | $-77.7M | $50.3M | ||
| Q2 25 | $-98.4M | $47.3M | ||
| Q1 25 | $-118.3M | $47.5M | ||
| Q4 24 | $-412.3M | $44.0M | ||
| Q3 24 | $-801.2M | $46.2M | ||
| Q2 24 | $-320.6M | $43.8M | ||
| Q1 24 | $-875.6M | $39.7M |
| Q4 25 | 95.8% | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | 91.8% | 82.4% | ||
| Q1 25 | 63.6% | 81.9% | ||
| Q4 24 | 90.9% | 81.8% | ||
| Q3 24 | 96.5% | 81.3% | ||
| Q2 24 | 98.4% | 82.2% | ||
| Q1 24 | 84.9% | 81.3% |
| Q4 25 | 9.7% | 33.6% | ||
| Q3 25 | -28.0% | 35.3% | ||
| Q2 25 | -36.7% | 31.3% | ||
| Q1 25 | -48.5% | 32.4% | ||
| Q4 24 | -173.7% | 31.0% | ||
| Q3 24 | -350.7% | 29.2% | ||
| Q2 24 | -114.5% | 32.3% | ||
| Q1 24 | -318.6% | 30.7% |
| Q4 25 | 6.5% | 30.3% | ||
| Q3 25 | -32.7% | 29.6% | ||
| Q2 25 | -40.9% | 28.8% | ||
| Q1 25 | -52.8% | 29.7% | ||
| Q4 24 | -177.8% | 27.6% | ||
| Q3 24 | -354.8% | 30.0% | ||
| Q2 24 | -120.3% | 29.4% | ||
| Q1 24 | -322.7% | 27.2% |
| Q4 25 | $0.03 | $1.47 | ||
| Q3 25 | $-0.13 | $1.39 | ||
| Q2 25 | $-0.16 | $1.29 | ||
| Q1 25 | $-0.20 | $1.29 | ||
| Q4 24 | $-0.68 | $1.19 | ||
| Q3 24 | $-1.34 | $1.24 | ||
| Q2 24 | $-0.54 | $1.17 | ||
| Q1 24 | $-1.46 | $1.05 |
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 | $250.3M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $561.2M |
| Total Assets | $15.0B | $1.1B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $250.3M | ||
| Q3 25 | $396.6M | $225.3M | ||
| Q2 25 | $509.8M | $194.0M | ||
| Q1 25 | $673.5M | $290.7M | ||
| Q4 24 | $332.3M | $232.2M | ||
| Q3 24 | $275.6M | $235.4M | ||
| Q2 24 | $606.5M | $281.2M | ||
| Q1 24 | $224.3M | $273.8M |
| 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 | $561.2M | ||
| Q3 25 | $4.7B | $529.4M | ||
| Q2 25 | $4.8B | $508.2M | ||
| Q1 25 | $4.8B | $498.0M | ||
| Q4 24 | $4.8B | $477.1M | ||
| Q3 24 | $5.4B | $449.6M | ||
| Q2 24 | $6.2B | $427.8M | ||
| Q1 24 | $6.7B | $404.2M |
| Q4 25 | $15.0B | $1.1B | ||
| Q3 25 | $14.9B | $1.0B | ||
| Q2 25 | $15.2B | $999.5M | ||
| Q1 25 | $14.9B | $996.5M | ||
| Q4 24 | $14.3B | $973.5M | ||
| Q3 24 | $15.2B | $908.3M | ||
| Q2 24 | $16.2B | $876.6M | ||
| Q1 24 | $17.3B | $861.8M |
| 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 | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 13.11× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $75.7M | ||
| Q3 25 | $18.6M | $90.4M | ||
| Q2 25 | $51.7M | $33.8M | ||
| Q1 25 | $384.0K | $109.6M | ||
| Q4 24 | $245.5M | $47.7M | ||
| Q3 24 | $59.2M | $61.0M | ||
| Q2 24 | $35.3M | $49.8M | ||
| Q1 24 | $74.3M | $85.5M |
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $83.5M |
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 57.2% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 13.11× | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 2.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
