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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and RADIANT LOGISTICS, INC (RLGT). 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 $232.1M, roughly 1.2× RADIANT LOGISTICS, INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 2.3%, a 4.2% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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...
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
MPW vs RLGT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $232.1M |
| Net Profit | $17.6M | $5.3M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | 3.2% |
| Net Margin | 6.5% | 2.3% |
| Revenue YoY | 16.6% | -12.3% |
| Net Profit YoY | 104.3% | -18.0% |
| EPS (diluted) | $0.03 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $237.5M | $226.7M | ||
| Q2 25 | $240.4M | $220.6M | ||
| Q1 25 | $223.8M | $214.0M | ||
| Q4 24 | $231.8M | $264.5M | ||
| Q3 24 | $225.8M | $203.6M | ||
| Q2 24 | $266.6M | $206.0M | ||
| Q1 24 | $271.3M | $184.6M |
| Q4 25 | $17.6M | $5.3M | ||
| Q3 25 | $-77.7M | $1.3M | ||
| Q2 25 | $-98.4M | $4.9M | ||
| Q1 25 | $-118.3M | $2.5M | ||
| Q4 24 | $-412.3M | $6.5M | ||
| Q3 24 | $-801.2M | $3.4M | ||
| Q2 24 | $-320.6M | $4.8M | ||
| Q1 24 | $-875.6M | $-703.0K |
| 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% | — |
| Q4 25 | 9.7% | 3.2% | ||
| Q3 25 | -28.0% | 0.9% | ||
| Q2 25 | -36.7% | 2.4% | ||
| Q1 25 | -48.5% | 1.6% | ||
| Q4 24 | -173.7% | 3.3% | ||
| Q3 24 | -350.7% | 1.9% | ||
| Q2 24 | -114.5% | 2.4% | ||
| Q1 24 | -318.6% | -0.5% |
| Q4 25 | 6.5% | 2.3% | ||
| Q3 25 | -32.7% | 0.6% | ||
| Q2 25 | -40.9% | 2.2% | ||
| Q1 25 | -52.8% | 1.2% | ||
| Q4 24 | -177.8% | 2.4% | ||
| Q3 24 | -354.8% | 1.7% | ||
| Q2 24 | -120.3% | 2.3% | ||
| Q1 24 | -322.7% | -0.4% |
| Q4 25 | $0.03 | $0.11 | ||
| Q3 25 | $-0.13 | $0.03 | ||
| Q2 25 | $-0.16 | $0.10 | ||
| Q1 25 | $-0.20 | $0.05 | ||
| Q4 24 | $-0.68 | $0.13 | ||
| Q3 24 | $-1.34 | $0.07 | ||
| Q2 24 | $-0.54 | $0.11 | ||
| Q1 24 | $-1.46 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $229.8M |
| Total Assets | $15.0B | $439.4M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $31.9M | ||
| Q3 25 | $396.6M | $28.1M | ||
| Q2 25 | $509.8M | $22.9M | ||
| Q1 25 | $673.5M | $19.0M | ||
| Q4 24 | $332.3M | $19.9M | ||
| Q3 24 | $275.6M | $10.4M | ||
| Q2 24 | $606.5M | $24.9M | ||
| Q1 24 | $224.3M | $31.2M |
| 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 | $229.8M | ||
| Q3 25 | $4.7B | $225.7M | ||
| Q2 25 | $4.8B | $226.0M | ||
| Q1 25 | $4.8B | $218.2M | ||
| Q4 24 | $4.8B | $214.4M | ||
| Q3 24 | $5.4B | $212.4M | ||
| Q2 24 | $6.2B | $209.4M | ||
| Q1 24 | $6.7B | $206.0M |
| Q4 25 | $15.0B | $439.4M | ||
| Q3 25 | $14.9B | $445.3M | ||
| Q2 25 | $15.2B | $426.8M | ||
| Q1 25 | $14.9B | $414.5M | ||
| Q4 24 | $14.3B | $386.8M | ||
| Q3 24 | $15.2B | $375.3M | ||
| Q2 24 | $16.2B | $371.2M | ||
| Q1 24 | $17.3B | $364.0M |
| 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 | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 13.11× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $12.4M | ||
| Q3 25 | $18.6M | $2.5M | ||
| Q2 25 | $51.7M | $3.1M | ||
| Q1 25 | $384.0K | $-5.7M | ||
| Q4 24 | $245.5M | $15.7M | ||
| Q3 24 | $59.2M | $205.0K | ||
| Q2 24 | $35.3M | $1.3M | ||
| Q1 24 | $74.3M | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K | ||
| Q1 24 | — | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 13.11× | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
