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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and LiveRamp Holdings, Inc. (RAMP). 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 $212.2M, roughly 1.3× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 6.5%, a 12.3% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 8.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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...

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

MPW vs RAMP — Head-to-Head

Bigger by revenue
MPW
MPW
1.3× larger
MPW
$270.3M
$212.2M
RAMP
Growing faster (revenue YoY)
MPW
MPW
+8.0% gap
MPW
16.6%
8.6%
RAMP
Higher net margin
RAMP
RAMP
12.3% more per $
RAMP
18.8%
6.5%
MPW
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MPW
MPW
RAMP
RAMP
Revenue
$270.3M
$212.2M
Net Profit
$17.6M
$39.9M
Gross Margin
95.8%
71.9%
Operating Margin
9.7%
18.6%
Net Margin
6.5%
18.8%
Revenue YoY
16.6%
8.6%
Net Profit YoY
104.3%
255.7%
EPS (diluted)
$0.03
$0.62

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
RAMP
RAMP
Q4 25
$270.3M
$212.2M
Q3 25
$237.5M
$199.8M
Q2 25
$240.4M
$194.8M
Q1 25
$223.8M
$188.7M
Q4 24
$231.8M
$195.4M
Q3 24
$225.8M
$185.5M
Q2 24
$266.6M
$176.0M
Q1 24
$271.3M
$171.9M
Net Profit
MPW
MPW
RAMP
RAMP
Q4 25
$17.6M
$39.9M
Q3 25
$-77.7M
$27.4M
Q2 25
$-98.4M
$7.7M
Q1 25
$-118.3M
$-6.3M
Q4 24
$-412.3M
$11.2M
Q3 24
$-801.2M
$1.7M
Q2 24
$-320.6M
$-7.5M
Q1 24
$-875.6M
$-5.4M
Gross Margin
MPW
MPW
RAMP
RAMP
Q4 25
95.8%
71.9%
Q3 25
70.2%
Q2 25
91.8%
70.1%
Q1 25
63.6%
69.3%
Q4 24
90.9%
71.9%
Q3 24
96.5%
72.4%
Q2 24
98.4%
70.6%
Q1 24
84.9%
72.2%
Operating Margin
MPW
MPW
RAMP
RAMP
Q4 25
9.7%
18.6%
Q3 25
-28.0%
10.7%
Q2 25
-36.7%
3.7%
Q1 25
-48.5%
-6.1%
Q4 24
-173.7%
7.5%
Q3 24
-350.7%
4.0%
Q2 24
-114.5%
-3.0%
Q1 24
-318.6%
-8.3%
Net Margin
MPW
MPW
RAMP
RAMP
Q4 25
6.5%
18.8%
Q3 25
-32.7%
13.7%
Q2 25
-40.9%
4.0%
Q1 25
-52.8%
-3.3%
Q4 24
-177.8%
5.7%
Q3 24
-354.8%
0.9%
Q2 24
-120.3%
-4.3%
Q1 24
-322.7%
-3.1%
EPS (diluted)
MPW
MPW
RAMP
RAMP
Q4 25
$0.03
$0.62
Q3 25
$-0.13
$0.42
Q2 25
$-0.16
$0.12
Q1 25
$-0.20
$-0.10
Q4 24
$-0.68
$0.17
Q3 24
$-1.34
$0.03
Q2 24
$-0.54
$-0.11
Q1 24
$-1.46
$-0.09

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$540.9M
$403.4M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$4.6B
$962.3M
Total Assets
$15.0B
$1.3B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
RAMP
RAMP
Q4 25
$540.9M
$403.4M
Q3 25
$396.6M
$376.9M
Q2 25
$509.8M
$371.1M
Q1 25
$673.5M
$420.8M
Q4 24
$332.3M
$384.3M
Q3 24
$275.6M
$348.4M
Q2 24
$606.5M
$342.7M
Q1 24
$224.3M
$368.9M
Total Debt
MPW
MPW
RAMP
RAMP
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
RAMP
RAMP
Q4 25
$4.6B
$962.3M
Q3 25
$4.7B
$943.8M
Q2 25
$4.8B
$947.8M
Q1 25
$4.8B
$948.9M
Q4 24
$4.8B
$957.7M
Q3 24
$5.4B
$932.1M
Q2 24
$6.2B
$951.9M
Q1 24
$6.7B
$949.1M
Total Assets
MPW
MPW
RAMP
RAMP
Q4 25
$15.0B
$1.3B
Q3 25
$14.9B
$1.2B
Q2 25
$15.2B
$1.2B
Q1 25
$14.9B
$1.3B
Q4 24
$14.3B
$1.3B
Q3 24
$15.2B
$1.2B
Q2 24
$16.2B
$1.2B
Q1 24
$17.3B
$1.2B
Debt / Equity
MPW
MPW
RAMP
RAMP
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
RAMP
RAMP
Operating Cash FlowLast quarter
$230.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
RAMP
RAMP
Q4 25
$230.8M
Q3 25
$18.6M
$57.4M
Q2 25
$51.7M
$-15.8M
Q1 25
$384.0K
Q4 24
$245.5M
$45.1M
Q3 24
$59.2M
$55.6M
Q2 24
$35.3M
$-9.3M
Q1 24
$74.3M
Free Cash Flow
MPW
MPW
RAMP
RAMP
Q4 25
Q3 25
$56.8M
Q2 25
$-16.2M
Q1 25
Q4 24
$44.8M
Q3 24
$55.4M
Q2 24
$-9.6M
Q1 24
FCF Margin
MPW
MPW
RAMP
RAMP
Q4 25
Q3 25
28.4%
Q2 25
-8.3%
Q1 25
Q4 24
22.9%
Q3 24
29.8%
Q2 24
-5.4%
Q1 24
Capex Intensity
MPW
MPW
RAMP
RAMP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
MPW
MPW
RAMP
RAMP
Q4 25
13.11×
Q3 25
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24

Financial Flow Comparison

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

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