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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $270.3M, roughly 1.2× MEDICAL PROPERTIES TRUST INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs -18.0%, a 24.5% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -76.3%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -4.6%).
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...
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
MPW vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $334.0M |
| Net Profit | $17.6M | $-60.0M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | — |
| Net Margin | 6.5% | -18.0% |
| Revenue YoY | 16.6% | -76.3% |
| Net Profit YoY | 104.3% | -170.6% |
| EPS (diluted) | $0.03 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $270.3M | $334.0M | ||
| Q3 25 | $237.5M | $382.0M | ||
| Q2 25 | $240.4M | $397.0M | ||
| Q1 25 | $223.8M | $316.0M | ||
| Q4 24 | $231.8M | $336.0M | ||
| Q3 24 | $225.8M | $396.0M | ||
| Q2 24 | $266.6M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $17.6M | $-60.0M | ||
| Q3 25 | $-77.7M | $105.0M | ||
| Q2 25 | $-98.4M | $87.0M | ||
| Q1 25 | $-118.3M | $61.0M | ||
| Q4 24 | $-412.3M | $85.0M | ||
| Q3 24 | $-801.2M | $102.0M | ||
| Q2 24 | $-320.6M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 95.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 91.8% | — | ||
| Q1 25 | 63.6% | — | ||
| Q4 24 | 90.9% | — | ||
| Q3 24 | 96.5% | — | ||
| Q2 24 | 98.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | -11.4% | ||
| Q3 25 | -28.0% | 46.6% | ||
| Q2 25 | -36.7% | 37.8% | ||
| Q1 25 | -48.5% | 35.4% | ||
| Q4 24 | -173.7% | 38.4% | ||
| Q3 24 | -350.7% | 43.2% | ||
| Q2 24 | -114.5% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 6.5% | -18.0% | ||
| Q3 25 | -32.7% | 27.5% | ||
| Q2 25 | -40.9% | 21.9% | ||
| Q1 25 | -52.8% | 19.3% | ||
| Q4 24 | -177.8% | 25.3% | ||
| Q3 24 | -354.8% | 25.8% | ||
| Q2 24 | -120.3% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.03 | $-0.77 | ||
| Q3 25 | $-0.13 | $1.36 | ||
| Q2 25 | $-0.16 | $1.13 | ||
| Q1 25 | $-0.20 | $0.78 | ||
| Q4 24 | $-0.68 | $1.06 | ||
| Q3 24 | $-1.34 | $1.29 | ||
| Q2 24 | $-0.54 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $468.0M |
| Total Assets | $15.0B | $4.2B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $540.9M | $64.0M | ||
| Q3 25 | $396.6M | $70.0M | ||
| Q2 25 | $509.8M | $50.0M | ||
| Q1 25 | $673.5M | $48.0M | ||
| Q4 24 | $332.3M | $103.0M | ||
| Q3 24 | $275.6M | $72.0M | ||
| Q2 24 | $606.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $2.5B | ||
| Q3 25 | $9.6B | $2.6B | ||
| Q2 25 | $9.6B | $2.5B | ||
| Q1 25 | $9.5B | $2.5B | ||
| Q4 24 | $8.8B | $2.4B | ||
| Q3 24 | $9.2B | $2.4B | ||
| Q2 24 | $9.4B | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $4.6B | $468.0M | ||
| Q3 25 | $4.7B | $583.0M | ||
| Q2 25 | $4.8B | $570.0M | ||
| Q1 25 | $4.8B | $579.0M | ||
| Q4 24 | $4.8B | $650.0M | ||
| Q3 24 | $5.4B | $583.0M | ||
| Q2 24 | $6.2B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $15.0B | $4.2B | ||
| Q3 25 | $14.9B | $4.3B | ||
| Q2 25 | $15.2B | $4.3B | ||
| Q1 25 | $14.9B | $4.2B | ||
| Q4 24 | $14.3B | $4.2B | ||
| Q3 24 | $15.2B | $4.2B | ||
| Q2 24 | $16.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | 5.37× | ||
| Q3 25 | 2.06× | 4.43× | ||
| Q2 25 | 2.00× | 4.44× | ||
| Q1 25 | 1.99× | 4.29× | ||
| Q4 24 | 1.83× | 3.72× | ||
| Q3 24 | 1.69× | 4.19× | ||
| Q2 24 | 1.51× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $230.8M | $152.0M | ||
| Q3 25 | $18.6M | $86.0M | ||
| Q2 25 | $51.7M | $70.0M | ||
| Q1 25 | $384.0K | $59.0M | ||
| Q4 24 | $245.5M | $134.0M | ||
| Q3 24 | $59.2M | $79.0M | ||
| Q2 24 | $35.3M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 13.11× | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
