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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and VIAVI SOLUTIONS INC. (VIAV). Click either name above to swap in a different company.

VIAVI SOLUTIONS INC. is the larger business by last-quarter revenue ($406.8M vs $270.3M, roughly 1.5× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 1.6%, a 4.9% gap on every dollar of revenue. On growth, VIAVI SOLUTIONS INC. posted the faster year-over-year revenue change (42.8% vs 16.6%). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (27.1% 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...

Viavi Solutions Inc., formerly part of JDS Uniphase Corporation (JDSU), is an American network test, measurement and assurance technology company based in Chandler, Arizona. The company manufactures testing and monitoring equipment for networks. It also develops optical technology used for a range of applications including material quality control, currency anti-counterfeiting and 3D motion sensing, including Microsoft's Kinect video game controller.

MPW vs VIAV — Head-to-Head

Bigger by revenue
VIAV
VIAV
1.5× larger
VIAV
$406.8M
$270.3M
MPW
Growing faster (revenue YoY)
VIAV
VIAV
+26.2% gap
VIAV
42.8%
16.6%
MPW
Higher net margin
MPW
MPW
4.9% more per $
MPW
6.5%
1.6%
VIAV
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
27.1%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MPW
MPW
VIAV
VIAV
Revenue
$270.3M
$406.8M
Net Profit
$17.6M
$6.4M
Gross Margin
95.8%
57.5%
Operating Margin
9.7%
6.1%
Net Margin
6.5%
1.6%
Revenue YoY
16.6%
42.8%
Net Profit YoY
104.3%
-76.1%
EPS (diluted)
$0.03
$0.03

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
VIAV
VIAV
Q1 26
$406.8M
Q4 25
$270.3M
$369.3M
Q3 25
$237.5M
$299.1M
Q2 25
$240.4M
$290.5M
Q1 25
$223.8M
$284.8M
Q4 24
$231.8M
$270.8M
Q3 24
$225.8M
$238.2M
Q2 24
$266.6M
$252.0M
Net Profit
MPW
MPW
VIAV
VIAV
Q1 26
$6.4M
Q4 25
$17.6M
$-48.1M
Q3 25
$-77.7M
$-21.4M
Q2 25
$-98.4M
$8.0M
Q1 25
$-118.3M
$19.5M
Q4 24
$-412.3M
$9.1M
Q3 24
$-801.2M
$-1.8M
Q2 24
$-320.6M
$-21.7M
Gross Margin
MPW
MPW
VIAV
VIAV
Q1 26
57.5%
Q4 25
95.8%
57.0%
Q3 25
56.5%
Q2 25
91.8%
56.3%
Q1 25
63.6%
56.4%
Q4 24
90.9%
59.4%
Q3 24
96.5%
57.1%
Q2 24
98.4%
57.8%
Operating Margin
MPW
MPW
VIAV
VIAV
Q1 26
6.1%
Q4 25
9.7%
3.1%
Q3 25
-28.0%
2.5%
Q2 25
-36.7%
5.3%
Q1 25
-48.5%
3.0%
Q4 24
-173.7%
8.2%
Q3 24
-350.7%
4.8%
Q2 24
-114.5%
-2.3%
Net Margin
MPW
MPW
VIAV
VIAV
Q1 26
1.6%
Q4 25
6.5%
-13.0%
Q3 25
-32.7%
-7.2%
Q2 25
-40.9%
2.8%
Q1 25
-52.8%
6.8%
Q4 24
-177.8%
3.4%
Q3 24
-354.8%
-0.8%
Q2 24
-120.3%
-8.6%
EPS (diluted)
MPW
MPW
VIAV
VIAV
Q1 26
$0.03
Q4 25
$0.03
$-0.21
Q3 25
$-0.13
$-0.10
Q2 25
$-0.16
$0.03
Q1 25
$-0.20
$0.09
Q4 24
$-0.68
$0.04
Q3 24
$-1.34
$-0.01
Q2 24
$-0.54
$-0.10

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$540.9M
$500.8M
Total DebtLower is stronger
$9.7B
$1.1B
Stockholders' EquityBook value
$4.6B
$846.5M
Total Assets
$15.0B
$2.5B
Debt / EquityLower = less leverage
2.11×
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
VIAV
VIAV
Q1 26
$500.8M
Q4 25
$540.9M
$767.4M
Q3 25
$396.6M
$545.6M
Q2 25
$509.8M
$425.3M
Q1 25
$673.5M
$396.8M
Q4 24
$332.3M
$509.4M
Q3 24
$275.6M
$493.1M
Q2 24
$606.5M
$491.2M
Total Debt
MPW
MPW
VIAV
VIAV
Q1 26
$1.1B
Q4 25
$9.7B
$1.2B
Q3 25
$9.6B
$640.5M
Q2 25
$9.6B
$396.3M
Q1 25
$9.5B
$396.1M
Q4 24
$8.8B
$639.3M
Q3 24
$9.2B
$637.6M
Q2 24
$9.4B
$636.0M
Stockholders' Equity
MPW
MPW
VIAV
VIAV
Q1 26
$846.5M
Q4 25
$4.6B
$834.3M
Q3 25
$4.7B
$723.9M
Q2 25
$4.8B
$780.2M
Q1 25
$4.8B
$728.8M
Q4 24
$4.8B
$682.8M
Q3 24
$5.4B
$702.1M
Q2 24
$6.2B
$681.6M
Total Assets
MPW
MPW
VIAV
VIAV
Q1 26
$2.5B
Q4 25
$15.0B
$2.8B
Q3 25
$14.9B
$2.1B
Q2 25
$15.2B
$2.0B
Q1 25
$14.9B
$1.9B
Q4 24
$14.3B
$1.7B
Q3 24
$15.2B
$1.7B
Q2 24
$16.2B
$1.7B
Debt / Equity
MPW
MPW
VIAV
VIAV
Q1 26
1.28×
Q4 25
2.11×
1.46×
Q3 25
2.06×
0.88×
Q2 25
2.00×
0.51×
Q1 25
1.99×
0.54×
Q4 24
1.83×
0.94×
Q3 24
1.69×
0.91×
Q2 24
1.51×
0.93×

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
VIAV
VIAV
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
VIAV
VIAV
Q1 26
Q4 25
$230.8M
$42.5M
Q3 25
$18.6M
$31.0M
Q2 25
$51.7M
$23.8M
Q1 25
$384.0K
$7.8M
Q4 24
$245.5M
$44.7M
Q3 24
$59.2M
$13.5M
Q2 24
$35.3M
$26.2M
Free Cash Flow
MPW
MPW
VIAV
VIAV
Q1 26
Q4 25
$36.9M
Q3 25
$22.5M
Q2 25
$18.3M
Q1 25
$1.0M
Q4 24
$36.5M
Q3 24
$6.2M
Q2 24
$22.4M
FCF Margin
MPW
MPW
VIAV
VIAV
Q1 26
Q4 25
10.0%
Q3 25
7.5%
Q2 25
6.3%
Q1 25
0.4%
Q4 24
13.5%
Q3 24
2.6%
Q2 24
8.9%
Capex Intensity
MPW
MPW
VIAV
VIAV
Q1 26
Q4 25
1.5%
Q3 25
2.8%
Q2 25
1.9%
Q1 25
2.4%
Q4 24
3.0%
Q3 24
3.1%
Q2 24
1.5%
Cash Conversion
MPW
MPW
VIAV
VIAV
Q1 26
Q4 25
13.11×
Q3 25
Q2 25
2.98×
Q1 25
0.40×
Q4 24
4.91×
Q3 24
Q2 24

Financial Flow Comparison

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

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