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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and USANA HEALTH SCIENCES INC (USNA). 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 $226.2M, roughly 1.2× USANA HEALTH SCIENCES INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 0.1%, a 6.4% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -10.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (3.1% 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...

Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.

MPW vs USNA — Head-to-Head

Bigger by revenue
MPW
MPW
1.2× larger
MPW
$270.3M
$226.2M
USNA
Growing faster (revenue YoY)
MPW
MPW
+26.6% gap
MPW
16.6%
-10.0%
USNA
Higher net margin
MPW
MPW
6.4% more per $
MPW
6.5%
0.1%
USNA
Faster 2-yr revenue CAGR
USNA
USNA
Annualised
USNA
3.1%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPW
MPW
USNA
USNA
Revenue
$270.3M
$226.2M
Net Profit
$17.6M
$180.0K
Gross Margin
95.8%
78.2%
Operating Margin
9.7%
1.7%
Net Margin
6.5%
0.1%
Revenue YoY
16.6%
-10.0%
Net Profit YoY
104.3%
-74.0%
EPS (diluted)
$0.03
$-0.10

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.

Revenue
MPW
MPW
USNA
USNA
Q4 25
$270.3M
$226.2M
Q3 25
$237.5M
$213.7M
Q2 25
$240.4M
$235.8M
Q1 25
$223.8M
$249.5M
Q4 24
$231.8M
$213.6M
Q3 24
$225.8M
$200.2M
Q2 24
$266.6M
$212.9M
Q1 24
$271.3M
Net Profit
MPW
MPW
USNA
USNA
Q4 25
$17.6M
$180.0K
Q3 25
$-77.7M
$-6.5M
Q2 25
$-98.4M
$9.7M
Q1 25
$-118.3M
$9.4M
Q4 24
$-412.3M
$4.5M
Q3 24
$-801.2M
$10.6M
Q2 24
$-320.6M
$10.4M
Q1 24
$-875.6M
Gross Margin
MPW
MPW
USNA
USNA
Q4 25
95.8%
78.2%
Q3 25
77.2%
Q2 25
91.8%
78.7%
Q1 25
63.6%
79.0%
Q4 24
90.9%
82.0%
Q3 24
96.5%
80.4%
Q2 24
98.4%
81.1%
Q1 24
84.9%
Operating Margin
MPW
MPW
USNA
USNA
Q4 25
9.7%
1.7%
Q3 25
-28.0%
0.6%
Q2 25
-36.7%
7.1%
Q1 25
-48.5%
6.3%
Q4 24
-173.7%
3.8%
Q3 24
-350.7%
7.8%
Q2 24
-114.5%
8.4%
Q1 24
-318.6%
Net Margin
MPW
MPW
USNA
USNA
Q4 25
6.5%
0.1%
Q3 25
-32.7%
-3.1%
Q2 25
-40.9%
4.1%
Q1 25
-52.8%
3.8%
Q4 24
-177.8%
2.1%
Q3 24
-354.8%
5.3%
Q2 24
-120.3%
4.9%
Q1 24
-322.7%
EPS (diluted)
MPW
MPW
USNA
USNA
Q4 25
$0.03
$-0.10
Q3 25
$-0.13
$-0.36
Q2 25
$-0.16
$0.52
Q1 25
$-0.20
$0.49
Q4 24
$-0.68
$0.23
Q3 24
$-1.34
$0.56
Q2 24
$-0.54
$0.54
Q1 24
$-1.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MPW
MPW
USNA
USNA
Cash + ST InvestmentsLiquidity on hand
$540.9M
$158.4M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$4.6B
Total Assets
$15.0B
$742.9M
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
USNA
USNA
Q4 25
$540.9M
$158.4M
Q3 25
$396.6M
$145.3M
Q2 25
$509.8M
$151.3M
Q1 25
$673.5M
$179.6M
Q4 24
$332.3M
$181.8M
Q3 24
$275.6M
$364.9M
Q2 24
$606.5M
$332.4M
Q1 24
$224.3M
Total Debt
MPW
MPW
USNA
USNA
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
Stockholders' Equity
MPW
MPW
USNA
USNA
Q4 25
$4.6B
Q3 25
$4.7B
$528.1M
Q2 25
$4.8B
$531.1M
Q1 25
$4.8B
$529.8M
Q4 24
$4.8B
$532.1M
Q3 24
$5.4B
$533.1M
Q2 24
$6.2B
$512.2M
Q1 24
$6.7B
Total Assets
MPW
MPW
USNA
USNA
Q4 25
$15.0B
$742.9M
Q3 25
$14.9B
$726.6M
Q2 25
$15.2B
$734.5M
Q1 25
$14.9B
$746.6M
Q4 24
$14.3B
$748.2M
Q3 24
$15.2B
$671.3M
Q2 24
$16.2B
$631.4M
Q1 24
$17.3B
Debt / Equity
MPW
MPW
USNA
USNA
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
MPW
MPW
USNA
USNA
Operating Cash FlowLast quarter
$230.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
USNA
USNA
Q4 25
$230.8M
Q3 25
$18.6M
$-2.0M
Q2 25
$51.7M
$12.2M
Q1 25
$384.0K
$15.5M
Q4 24
$245.5M
$5.8M
Q3 24
$59.2M
$29.5M
Q2 24
$35.3M
$8.0M
Q1 24
$74.3M
Free Cash Flow
MPW
MPW
USNA
USNA
Q4 25
Q3 25
$-5.2M
Q2 25
$7.2M
Q1 25
$12.7M
Q4 24
$4.0M
Q3 24
$27.1M
Q2 24
$5.3M
Q1 24
FCF Margin
MPW
MPW
USNA
USNA
Q4 25
Q3 25
-2.4%
Q2 25
3.0%
Q1 25
5.1%
Q4 24
1.9%
Q3 24
13.6%
Q2 24
2.5%
Q1 24
Capex Intensity
MPW
MPW
USNA
USNA
Q4 25
Q3 25
1.5%
Q2 25
2.1%
Q1 25
1.1%
Q4 24
0.8%
Q3 24
1.2%
Q2 24
1.3%
Q1 24
Cash Conversion
MPW
MPW
USNA
USNA
Q4 25
13.11×
Q3 25
Q2 25
1.27×
Q1 25
1.65×
Q4 24
1.29×
Q3 24
2.78×
Q2 24
0.77×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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