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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Shoals Technologies Group, Inc. (SHLS). 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 $148.3M, roughly 1.8× Shoals Technologies Group, Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 5.5%, a 1.0% gap on every dollar of revenue. On growth, Shoals Technologies Group, Inc. posted the faster year-over-year revenue change (38.6% vs 16.6%). Over the past eight quarters, Shoals Technologies Group, Inc.'s revenue compounded faster (27.8% 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...
Shoals Technologies Group is a leading provider of electrical balance of systems solutions for renewable energy and e-mobility. It supplies connectivity components for solar projects, energy storage systems and EV charging infrastructure, serving clients across North America, Europe and Asia-Pacific.
MPW vs SHLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $148.3M |
| Net Profit | $17.6M | $8.1M |
| Gross Margin | 95.8% | 31.6% |
| Operating Margin | 9.7% | 11.7% |
| Net Margin | 6.5% | 5.5% |
| Revenue YoY | 16.6% | 38.6% |
| Net Profit YoY | 104.3% | 3.9% |
| EPS (diluted) | $0.03 | $0.05 |
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 | $148.3M | ||
| Q3 25 | $237.5M | $135.8M | ||
| Q2 25 | $240.4M | $110.8M | ||
| Q1 25 | $223.8M | $80.4M | ||
| Q4 24 | $231.8M | $107.0M | ||
| Q3 24 | $225.8M | $102.2M | ||
| Q2 24 | $266.6M | $99.2M | ||
| Q1 24 | $271.3M | $90.8M |
| Q4 25 | $17.6M | $8.1M | ||
| Q3 25 | $-77.7M | $11.9M | ||
| Q2 25 | $-98.4M | $13.9M | ||
| Q1 25 | $-118.3M | $-282.0K | ||
| Q4 24 | $-412.3M | $7.8M | ||
| Q3 24 | $-801.2M | $-267.0K | ||
| Q2 24 | $-320.6M | $11.8M | ||
| Q1 24 | $-875.6M | $4.8M |
| Q4 25 | 95.8% | 31.6% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | 91.8% | 37.2% | ||
| Q1 25 | 63.6% | 35.0% | ||
| Q4 24 | 90.9% | 37.6% | ||
| Q3 24 | 96.5% | 24.8% | ||
| Q2 24 | 98.4% | 40.3% | ||
| Q1 24 | 84.9% | 40.2% |
| Q4 25 | 9.7% | 11.7% | ||
| Q3 25 | -28.0% | 13.7% | ||
| Q2 25 | -36.7% | 14.4% | ||
| Q1 25 | -48.5% | 5.4% | ||
| Q4 24 | -173.7% | 15.4% | ||
| Q3 24 | -350.7% | 4.4% | ||
| Q2 24 | -114.5% | 18.7% | ||
| Q1 24 | -318.6% | 12.8% |
| Q4 25 | 6.5% | 5.5% | ||
| Q3 25 | -32.7% | 8.7% | ||
| Q2 25 | -40.9% | 12.5% | ||
| Q1 25 | -52.8% | -0.4% | ||
| Q4 24 | -177.8% | 7.3% | ||
| Q3 24 | -354.8% | -0.3% | ||
| Q2 24 | -120.3% | 11.9% | ||
| Q1 24 | -322.7% | 5.3% |
| Q4 25 | $0.03 | $0.05 | ||
| Q3 25 | $-0.13 | $0.07 | ||
| Q2 25 | $-0.16 | $0.08 | ||
| Q1 25 | $-0.20 | $0.00 | ||
| Q4 24 | $-0.68 | $0.04 | ||
| Q3 24 | $-1.34 | $0.00 | ||
| Q2 24 | $-0.54 | $0.07 | ||
| Q1 24 | $-1.46 | $0.03 |
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 | $7.3M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $600.0M |
| Total Assets | $15.0B | $904.1M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $7.3M | ||
| Q3 25 | $396.6M | $8.6M | ||
| Q2 25 | $509.8M | $4.7M | ||
| Q1 25 | $673.5M | $35.6M | ||
| Q4 24 | $332.3M | $23.5M | ||
| Q3 24 | $275.6M | $11.1M | ||
| Q2 24 | $606.5M | $3.2M | ||
| Q1 24 | $224.3M | $15.2M |
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | $141.8M | ||
| Q4 24 | $8.8B | $141.8M | ||
| Q3 24 | $9.2B | $141.8M | ||
| Q2 24 | $9.4B | $146.8M | ||
| Q1 24 | $10.1B | $168.8M |
| Q4 25 | $4.6B | $600.0M | ||
| Q3 25 | $4.7B | $589.6M | ||
| Q2 25 | $4.8B | $575.4M | ||
| Q1 25 | $4.8B | $558.9M | ||
| Q4 24 | $4.8B | $556.8M | ||
| Q3 24 | $5.4B | $545.2M | ||
| Q2 24 | $6.2B | $544.6M | ||
| Q1 24 | $6.7B | $554.0M |
| Q4 25 | $15.0B | $904.1M | ||
| Q3 25 | $14.9B | $851.8M | ||
| Q2 25 | $15.2B | $795.0M | ||
| Q1 25 | $14.9B | $788.4M | ||
| Q4 24 | $14.3B | $793.1M | ||
| Q3 24 | $15.2B | $801.3M | ||
| Q2 24 | $16.2B | $788.4M | ||
| Q1 24 | $17.3B | $825.3M |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 1.99× | 0.25× | ||
| Q4 24 | 1.83× | 0.25× | ||
| Q3 24 | 1.69× | 0.26× | ||
| Q2 24 | 1.51× | 0.27× | ||
| Q1 24 | 1.51× | 0.30× |
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 | $-4.1M |
| Free Cash FlowOCF − Capex | — | $-11.3M |
| FCF MarginFCF / Revenue | — | -7.6% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | 13.11× | -0.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $-4.1M | ||
| Q3 25 | $18.6M | $19.4M | ||
| Q2 25 | $51.7M | $-13.8M | ||
| Q1 25 | $384.0K | $15.6M | ||
| Q4 24 | $245.5M | $14.0M | ||
| Q3 24 | $59.2M | $15.7M | ||
| Q2 24 | $35.3M | $37.8M | ||
| Q1 24 | $74.3M | $12.9M |
| Q4 25 | — | $-11.3M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | — | $-26.0M | ||
| Q1 25 | — | $12.3M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $13.3M | ||
| Q2 24 | — | $35.8M | ||
| Q1 24 | — | $10.4M |
| Q4 25 | — | -7.6% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | -23.5% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 11.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 13.11× | -0.50× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | -1.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.21× | ||
| Q1 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
SHLS
| System Solutions | $122.0M | 82% |
| Components | $26.3M | 18% |
