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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Wheels Up Experience Inc. (UP). 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 $183.8M, roughly 1.5× Wheels Up Experience Inc.). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -15.7%, a 22.2% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -10.2%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -3.4%).
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...
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
MPW vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $183.8M |
| Net Profit | $17.6M | $-28.9M |
| Gross Margin | 95.8% | 14.3% |
| Operating Margin | 9.7% | -0.9% |
| Net Margin | 6.5% | -15.7% |
| Revenue YoY | 16.6% | -10.2% |
| Net Profit YoY | 104.3% | 67.0% |
| EPS (diluted) | $0.03 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $237.5M | $185.5M | ||
| Q2 25 | $240.4M | $189.6M | ||
| Q1 25 | $223.8M | $177.5M | ||
| Q4 24 | $231.8M | $204.8M | ||
| Q3 24 | $225.8M | $193.9M | ||
| Q2 24 | $266.6M | $196.3M | ||
| Q1 24 | $271.3M | $197.1M |
| Q4 25 | $17.6M | $-28.9M | ||
| Q3 25 | $-77.7M | $-83.7M | ||
| Q2 25 | $-98.4M | $-82.3M | ||
| Q1 25 | $-118.3M | $-99.3M | ||
| Q4 24 | $-412.3M | $-87.5M | ||
| Q3 24 | $-801.2M | $-57.7M | ||
| Q2 24 | $-320.6M | $-97.0M | ||
| Q1 24 | $-875.6M | $-97.4M |
| Q4 25 | 95.8% | 14.3% | ||
| Q3 25 | — | 6.8% | ||
| Q2 25 | 91.8% | 8.3% | ||
| Q1 25 | 63.6% | 10.8% | ||
| Q4 24 | 90.9% | 13.9% | ||
| Q3 24 | 96.5% | 13.9% | ||
| Q2 24 | 98.4% | 2.3% | ||
| Q1 24 | 84.9% | -0.6% |
| Q4 25 | 9.7% | -0.9% | ||
| Q3 25 | -28.0% | -33.1% | ||
| Q2 25 | -36.7% | -31.4% | ||
| Q1 25 | -48.5% | -45.5% | ||
| Q4 24 | -173.7% | -26.0% | ||
| Q3 24 | -350.7% | -21.6% | ||
| Q2 24 | -114.5% | -40.3% | ||
| Q1 24 | -318.6% | -42.9% |
| Q4 25 | 6.5% | -15.7% | ||
| Q3 25 | -32.7% | -45.1% | ||
| Q2 25 | -40.9% | -43.4% | ||
| Q1 25 | -52.8% | -55.9% | ||
| Q4 24 | -177.8% | -42.7% | ||
| Q3 24 | -354.8% | -29.8% | ||
| Q2 24 | -120.3% | -49.4% | ||
| Q1 24 | -322.7% | -49.4% |
| Q4 25 | $0.03 | $-0.04 | ||
| Q3 25 | $-0.13 | $-0.12 | ||
| Q2 25 | $-0.16 | $-0.12 | ||
| Q1 25 | $-0.20 | $-0.14 | ||
| Q4 24 | $-0.68 | $-0.13 | ||
| Q3 24 | $-1.34 | $-0.08 | ||
| Q2 24 | $-0.54 | $-0.14 | ||
| Q1 24 | $-1.46 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | $9.7B | $671.3M |
| Stockholders' EquityBook value | $4.6B | $-392.1M |
| Total Assets | $15.0B | $968.8M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $540.9M | $133.9M | ||
| Q3 25 | $396.6M | $125.3M | ||
| Q2 25 | $509.8M | $107.0M | ||
| Q1 25 | $673.5M | $171.8M | ||
| Q4 24 | $332.3M | $216.4M | ||
| Q3 24 | $275.6M | $115.9M | ||
| Q2 24 | $606.5M | $141.5M | ||
| Q1 24 | $224.3M | $180.9M |
| Q4 25 | $9.7B | $671.3M | ||
| Q3 25 | $9.6B | $766.5M | ||
| Q2 25 | $9.6B | $770.5M | ||
| Q1 25 | $9.5B | $765.8M | ||
| Q4 24 | $8.8B | $761.3M | ||
| Q3 24 | $9.2B | $596.9M | ||
| Q2 24 | $9.4B | $597.4M | ||
| Q1 24 | $10.1B | $603.2M |
| Q4 25 | $4.6B | $-392.1M | ||
| Q3 25 | $4.7B | $-374.5M | ||
| Q2 25 | $4.8B | $-347.8M | ||
| Q1 25 | $4.8B | $-288.1M | ||
| Q4 24 | $4.8B | $-202.1M | ||
| Q3 24 | $5.4B | $-117.7M | ||
| Q2 24 | $6.2B | $-72.2M | ||
| Q1 24 | $6.7B | $936.0K |
| Q4 25 | $15.0B | $968.8M | ||
| Q3 25 | $14.9B | $973.0M | ||
| Q2 25 | $15.2B | $1.0B | ||
| Q1 25 | $14.9B | $1.1B | ||
| Q4 24 | $14.3B | $1.2B | ||
| Q3 24 | $15.2B | $1.0B | ||
| Q2 24 | $16.2B | $1.1B | ||
| Q1 24 | $17.3B | $1.2B |
| 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× | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $230.8M | $-18.4M | ||
| Q3 25 | $18.6M | $-37.1M | ||
| Q2 25 | $51.7M | $-62.9M | ||
| Q1 25 | $384.0K | $-47.9M | ||
| Q4 24 | $245.5M | $37.9M | ||
| Q3 24 | $59.2M | $-16.9M | ||
| Q2 24 | $35.3M | $-25.2M | ||
| Q1 24 | $74.3M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | — | $-60.4M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-62.6M | ||
| Q4 24 | — | $-70.2M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | — | -32.6% | ||
| Q2 25 | — | -41.5% | ||
| Q1 25 | — | -35.3% | ||
| Q4 24 | — | -34.3% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -15.7% | ||
| Q1 24 | — | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.3% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 52.8% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
