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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $270.3M, roughly 1.3× MEDICAL PROPERTIES TRUST INC). TREX CO INC runs the higher net margin — 17.9% vs 6.5%, a 11.4% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 1.0%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -4.5%).
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...
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
MPW vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $343.4M |
| Net Profit | $17.6M | $61.4M |
| Gross Margin | 95.8% | 40.5% |
| Operating Margin | 9.7% | 24.3% |
| Net Margin | 6.5% | 17.9% |
| Revenue YoY | 16.6% | 1.0% |
| Net Profit YoY | 104.3% | 1.6% |
| EPS (diluted) | $0.03 | $0.58 |
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.
| Q1 26 | — | $343.4M | ||
| Q4 25 | $270.3M | $161.1M | ||
| Q3 25 | $237.5M | $285.3M | ||
| Q2 25 | $240.4M | $387.8M | ||
| Q1 25 | $223.8M | $340.0M | ||
| Q4 24 | $231.8M | $167.6M | ||
| Q3 24 | $225.8M | $233.7M | ||
| Q2 24 | $266.6M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $17.6M | $2.3M | ||
| Q3 25 | $-77.7M | $51.8M | ||
| Q2 25 | $-98.4M | $75.9M | ||
| Q1 25 | $-118.3M | $60.4M | ||
| Q4 24 | $-412.3M | $9.8M | ||
| Q3 24 | $-801.2M | $40.6M | ||
| Q2 24 | $-320.6M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | 95.8% | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | 91.8% | 40.8% | ||
| Q1 25 | 63.6% | 40.5% | ||
| Q4 24 | 90.9% | 32.7% | ||
| Q3 24 | 96.5% | 39.9% | ||
| Q2 24 | 98.4% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 9.7% | 2.2% | ||
| Q3 25 | -28.0% | 24.7% | ||
| Q2 25 | -36.7% | 26.4% | ||
| Q1 25 | -48.5% | 24.0% | ||
| Q4 24 | -173.7% | 9.2% | ||
| Q3 24 | -350.7% | 23.2% | ||
| Q2 24 | -114.5% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 6.5% | 1.4% | ||
| Q3 25 | -32.7% | 18.1% | ||
| Q2 25 | -40.9% | 19.6% | ||
| Q1 25 | -52.8% | 17.8% | ||
| Q4 24 | -177.8% | 5.8% | ||
| Q3 24 | -354.8% | 17.4% | ||
| Q2 24 | -120.3% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | $0.03 | $0.03 | ||
| Q3 25 | $-0.13 | $0.48 | ||
| Q2 25 | $-0.16 | $0.71 | ||
| Q1 25 | $-0.20 | $0.56 | ||
| Q4 24 | $-0.68 | $0.10 | ||
| Q3 24 | $-1.34 | $0.37 | ||
| Q2 24 | $-0.54 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $995.8M |
| Total Assets | $15.0B | $1.7B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $540.9M | $3.8M | ||
| Q3 25 | $396.6M | $11.4M | ||
| Q2 25 | $509.8M | $5.5M | ||
| Q1 25 | $673.5M | $5.0M | ||
| Q4 24 | $332.3M | $1.3M | ||
| Q3 24 | $275.6M | $12.8M | ||
| Q2 24 | $606.5M | $1.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $995.8M | ||
| Q4 25 | $4.6B | $1.0B | ||
| Q3 25 | $4.7B | $1.0B | ||
| Q2 25 | $4.8B | $989.3M | ||
| Q1 25 | $4.8B | $910.1M | ||
| Q4 24 | $4.8B | $850.1M | ||
| Q3 24 | $5.4B | $887.9M | ||
| Q2 24 | $6.2B | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $15.0B | $1.5B | ||
| Q3 25 | $14.9B | $1.5B | ||
| Q2 25 | $15.2B | $1.5B | ||
| Q1 25 | $14.9B | $1.6B | ||
| Q4 24 | $14.3B | $1.3B | ||
| Q3 24 | $15.2B | $1.3B | ||
| Q2 24 | $16.2B | $1.3B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 13.11× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $230.8M | $65.5M | ||
| Q3 25 | $18.6M | $196.9M | ||
| Q2 25 | $51.7M | $249.8M | ||
| Q1 25 | $384.0K | $-154.0M | ||
| Q4 24 | $245.5M | $-8.5M | ||
| Q3 24 | $59.2M | $132.8M | ||
| Q2 24 | $35.3M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 13.11× | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
