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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Vital Farms, Inc. (VITL). 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 $213.6M, roughly 1.3× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 6.5%, a 1.1% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 16.6%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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...

Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".

MPW vs VITL — Head-to-Head

Bigger by revenue
MPW
MPW
1.3× larger
MPW
$270.3M
$213.6M
VITL
Growing faster (revenue YoY)
VITL
VITL
+12.0% gap
VITL
28.7%
16.6%
MPW
Higher net margin
VITL
VITL
1.1% more per $
VITL
7.6%
6.5%
MPW
Faster 2-yr revenue CAGR
VITL
VITL
Annualised
VITL
20.2%
-0.2%
MPW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPW
MPW
VITL
VITL
Revenue
$270.3M
$213.6M
Net Profit
$17.6M
$16.3M
Gross Margin
95.8%
35.8%
Operating Margin
9.7%
10.0%
Net Margin
6.5%
7.6%
Revenue YoY
16.6%
28.7%
Net Profit YoY
104.3%
54.3%
EPS (diluted)
$0.03
$0.35

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
VITL
VITL
Q4 25
$270.3M
$213.6M
Q3 25
$237.5M
$198.9M
Q2 25
$240.4M
$184.8M
Q1 25
$223.8M
$162.2M
Q4 24
$231.8M
$166.0M
Q3 24
$225.8M
$145.0M
Q2 24
$266.6M
$147.4M
Q1 24
$271.3M
$147.9M
Net Profit
MPW
MPW
VITL
VITL
Q4 25
$17.6M
$16.3M
Q3 25
$-77.7M
$16.4M
Q2 25
$-98.4M
$16.6M
Q1 25
$-118.3M
$16.9M
Q4 24
$-412.3M
$10.6M
Q3 24
$-801.2M
$7.4M
Q2 24
$-320.6M
$16.3M
Q1 24
$-875.6M
$19.0M
Gross Margin
MPW
MPW
VITL
VITL
Q4 25
95.8%
35.8%
Q3 25
37.7%
Q2 25
91.8%
38.9%
Q1 25
63.6%
38.5%
Q4 24
90.9%
36.1%
Q3 24
96.5%
36.9%
Q2 24
98.4%
39.1%
Q1 24
84.9%
39.8%
Operating Margin
MPW
MPW
VITL
VITL
Q4 25
9.7%
10.0%
Q3 25
-28.0%
10.8%
Q2 25
-36.7%
12.9%
Q1 25
-48.5%
13.4%
Q4 24
-173.7%
7.8%
Q3 24
-350.7%
6.4%
Q2 24
-114.5%
11.6%
Q1 24
-318.6%
16.3%
Net Margin
MPW
MPW
VITL
VITL
Q4 25
6.5%
7.6%
Q3 25
-32.7%
8.3%
Q2 25
-40.9%
9.0%
Q1 25
-52.8%
10.4%
Q4 24
-177.8%
6.4%
Q3 24
-354.8%
5.1%
Q2 24
-120.3%
11.1%
Q1 24
-322.7%
12.9%
EPS (diluted)
MPW
MPW
VITL
VITL
Q4 25
$0.03
$0.35
Q3 25
$-0.13
$0.36
Q2 25
$-0.16
$0.36
Q1 25
$-0.20
$0.37
Q4 24
$-0.68
$0.23
Q3 24
$-1.34
$0.16
Q2 24
$-0.54
$0.36
Q1 24
$-1.46
$0.43

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$540.9M
$48.8M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$4.6B
$351.3M
Total Assets
$15.0B
$518.7M
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
VITL
VITL
Q4 25
$540.9M
$48.8M
Q3 25
$396.6M
$93.8M
Q2 25
$509.8M
$108.2M
Q1 25
$673.5M
$156.3M
Q4 24
$332.3M
$150.6M
Q3 24
$275.6M
$149.5M
Q2 24
$606.5M
$133.2M
Q1 24
$224.3M
$113.8M
Total Debt
MPW
MPW
VITL
VITL
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
VITL
VITL
Q4 25
$4.6B
$351.3M
Q3 25
$4.7B
$331.2M
Q2 25
$4.8B
$309.8M
Q1 25
$4.8B
$288.9M
Q4 24
$4.8B
$269.3M
Q3 24
$5.4B
$253.4M
Q2 24
$6.2B
$238.4M
Q1 24
$6.7B
$213.3M
Total Assets
MPW
MPW
VITL
VITL
Q4 25
$15.0B
$518.7M
Q3 25
$14.9B
$481.5M
Q2 25
$15.2B
$430.8M
Q1 25
$14.9B
$376.9M
Q4 24
$14.3B
$359.3M
Q3 24
$15.2B
$344.7M
Q2 24
$16.2B
$320.5M
Q1 24
$17.3B
$300.2M
Debt / Equity
MPW
MPW
VITL
VITL
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
VITL
VITL
Operating Cash FlowLast quarter
$230.8M
$5.8M
Free Cash FlowOCF − Capex
$-32.1M
FCF MarginFCF / Revenue
-15.1%
Capex IntensityCapex / Revenue
17.8%
Cash ConversionOCF / Net Profit
13.11×
0.35×
TTM Free Cash FlowTrailing 4 quarters
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
VITL
VITL
Q4 25
$230.8M
$5.8M
Q3 25
$18.6M
$23.4M
Q2 25
$51.7M
$-761.0K
Q1 25
$384.0K
$5.3M
Q4 24
$245.5M
$14.8M
Q3 24
$59.2M
$10.0M
Q2 24
$35.3M
$16.1M
Q1 24
$74.3M
$23.9M
Free Cash Flow
MPW
MPW
VITL
VITL
Q4 25
$-32.1M
Q3 25
$-10.6M
Q2 25
$-7.6M
Q1 25
$2.1M
Q4 24
$-3.4M
Q3 24
$6.4M
Q2 24
$10.5M
Q1 24
$22.6M
FCF Margin
MPW
MPW
VITL
VITL
Q4 25
-15.1%
Q3 25
-5.3%
Q2 25
-4.1%
Q1 25
1.3%
Q4 24
-2.0%
Q3 24
4.4%
Q2 24
7.2%
Q1 24
15.3%
Capex Intensity
MPW
MPW
VITL
VITL
Q4 25
17.8%
Q3 25
17.1%
Q2 25
3.7%
Q1 25
1.9%
Q4 24
10.9%
Q3 24
2.5%
Q2 24
3.8%
Q1 24
0.9%
Cash Conversion
MPW
MPW
VITL
VITL
Q4 25
13.11×
0.35×
Q3 25
1.43×
Q2 25
-0.05×
Q1 25
0.31×
Q4 24
1.40×
Q3 24
1.34×
Q2 24
0.99×
Q1 24
1.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPW
MPW

Segment breakdown not available.

VITL
VITL

Eggs And Egg Related Products$205.8M96%
Butter And Butter Related Products$7.7M4%

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