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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and ONE Group Hospitality, Inc. (STKS). 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 $207.0M, roughly 1.3× ONE Group Hospitality, Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -3.1%, a 9.6% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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...
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
MPW vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $207.0M |
| Net Profit | $17.6M | $-6.4M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | 2.2% |
| Net Margin | 6.5% | -3.1% |
| Revenue YoY | 16.6% | -6.7% |
| Net Profit YoY | 104.3% | -531.8% |
| EPS (diluted) | $0.03 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $237.5M | $180.2M | ||
| Q2 25 | $240.4M | $207.4M | ||
| Q1 25 | $223.8M | $211.1M | ||
| Q4 24 | $231.8M | $221.9M | ||
| Q3 24 | $225.8M | $194.0M | ||
| Q2 24 | $266.6M | $172.5M | ||
| Q1 24 | $271.3M | $85.0M |
| Q4 25 | $17.6M | $-6.4M | ||
| Q3 25 | $-77.7M | $-76.7M | ||
| Q2 25 | $-98.4M | $-10.1M | ||
| Q1 25 | $-118.3M | $975.0K | ||
| Q4 24 | $-412.3M | $1.5M | ||
| Q3 24 | $-801.2M | $-9.3M | ||
| Q2 24 | $-320.6M | $-7.3M | ||
| Q1 24 | $-875.6M | $-2.1M |
| 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% | 2.2% | ||
| Q3 25 | -28.0% | -4.4% | ||
| Q2 25 | -36.7% | 0.3% | ||
| Q1 25 | -48.5% | 5.1% | ||
| Q4 24 | -173.7% | 5.5% | ||
| Q3 24 | -350.7% | -1.9% | ||
| Q2 24 | -114.5% | 0.6% | ||
| Q1 24 | -318.6% | -0.7% |
| Q4 25 | 6.5% | -3.1% | ||
| Q3 25 | -32.7% | -42.6% | ||
| Q2 25 | -40.9% | -4.9% | ||
| Q1 25 | -52.8% | 0.5% | ||
| Q4 24 | -177.8% | 0.7% | ||
| Q3 24 | -354.8% | -4.8% | ||
| Q2 24 | -120.3% | -4.3% | ||
| Q1 24 | -322.7% | -2.4% |
| Q4 25 | $0.03 | $-0.50 | ||
| Q3 25 | $-0.13 | $-2.75 | ||
| Q2 25 | $-0.16 | $-0.59 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $-0.68 | $-0.18 | ||
| Q3 24 | $-1.34 | $-0.53 | ||
| Q2 24 | $-0.54 | $-0.38 | ||
| Q1 24 | $-1.46 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | $9.7B | $354.2M |
| Stockholders' EquityBook value | $4.6B | $-75.8M |
| Total Assets | $15.0B | $884.2M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $4.2M | ||
| Q3 25 | $396.6M | $5.5M | ||
| Q2 25 | $509.8M | $4.7M | ||
| Q1 25 | $673.5M | $21.4M | ||
| Q4 24 | $332.3M | $27.6M | ||
| Q3 24 | $275.6M | $28.2M | ||
| Q2 24 | $606.5M | $32.2M | ||
| Q1 24 | $224.3M | $15.4M |
| Q4 25 | $9.7B | $354.2M | ||
| Q3 25 | $9.6B | $355.0M | ||
| Q2 25 | $9.6B | $347.4M | ||
| Q1 25 | $9.5B | $348.3M | ||
| Q4 24 | $8.8B | $348.3M | ||
| Q3 24 | $9.2B | $349.1M | ||
| Q2 24 | $9.4B | $350.0M | ||
| Q1 24 | $10.1B | $73.5M |
| Q4 25 | $4.6B | $-75.8M | ||
| Q3 25 | $4.7B | $-61.5M | ||
| Q2 25 | $4.8B | $23.0M | ||
| Q1 25 | $4.8B | $40.5M | ||
| Q4 24 | $4.8B | $45.9M | ||
| Q3 24 | $5.4B | $51.4M | ||
| Q2 24 | $6.2B | $68.1M | ||
| Q1 24 | $6.7B | $68.3M |
| Q4 25 | $15.0B | $884.2M | ||
| Q3 25 | $14.9B | $879.5M | ||
| Q2 25 | $15.2B | $935.7M | ||
| Q1 25 | $14.9B | $956.0M | ||
| Q4 24 | $14.3B | $960.1M | ||
| Q3 24 | $15.2B | $953.5M | ||
| Q2 24 | $16.2B | $945.9M | ||
| Q1 24 | $17.3B | $309.3M |
| Q4 25 | 2.11× | — | ||
| Q3 25 | 2.06× | — | ||
| Q2 25 | 2.00× | 15.07× | ||
| Q1 25 | 1.99× | 8.61× | ||
| Q4 24 | 1.83× | 7.59× | ||
| Q3 24 | 1.69× | 6.79× | ||
| Q2 24 | 1.51× | 5.14× | ||
| Q1 24 | 1.51× | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $13.1M | ||
| Q3 25 | $18.6M | $5.9M | ||
| Q2 25 | $51.7M | $2.8M | ||
| Q1 25 | $384.0K | $8.5M | ||
| Q4 24 | $245.5M | $18.5M | ||
| Q3 24 | $59.2M | $19.1M | ||
| Q2 24 | $35.3M | $-3.8M | ||
| Q1 24 | $74.3M | $10.4M |
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% | ||
| Q1 24 | — | -6.4% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
