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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and Wingstop Inc. (WING). 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 $183.7M, roughly 1.5× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 6.5%, a 9.8% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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...
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
MPW vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $183.7M |
| Net Profit | $17.6M | $29.9M |
| Gross Margin | 95.8% | 86.5% |
| Operating Margin | 9.7% | 27.4% |
| Net Margin | 6.5% | 16.3% |
| Revenue YoY | 16.6% | 7.4% |
| Net Profit YoY | 104.3% | — |
| EPS (diluted) | $0.03 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $270.3M | $175.7M | ||
| Q3 25 | $237.5M | $175.7M | ||
| Q2 25 | $240.4M | $174.3M | ||
| Q1 25 | $223.8M | $171.1M | ||
| Q4 24 | $231.8M | $161.8M | ||
| Q3 24 | $225.8M | $162.5M | ||
| Q2 24 | $266.6M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $17.6M | $26.8M | ||
| Q3 25 | $-77.7M | $28.5M | ||
| Q2 25 | $-98.4M | $26.8M | ||
| Q1 25 | $-118.3M | $92.3M | ||
| Q4 24 | $-412.3M | $26.8M | ||
| Q3 24 | $-801.2M | $25.7M | ||
| Q2 24 | $-320.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 95.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 91.8% | — | ||
| Q1 25 | 63.6% | — | ||
| Q4 24 | 90.9% | 85.6% | ||
| Q3 24 | 96.5% | 85.0% | ||
| Q2 24 | 98.4% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 9.7% | 26.7% | ||
| Q3 25 | -28.0% | 27.9% | ||
| Q2 25 | -36.7% | 25.9% | ||
| Q1 25 | -48.5% | 22.4% | ||
| Q4 24 | -173.7% | 25.9% | ||
| Q3 24 | -350.7% | 24.5% | ||
| Q2 24 | -114.5% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 6.5% | 15.2% | ||
| Q3 25 | -32.7% | 16.2% | ||
| Q2 25 | -40.9% | 15.4% | ||
| Q1 25 | -52.8% | 53.9% | ||
| Q4 24 | -177.8% | 16.5% | ||
| Q3 24 | -354.8% | 15.8% | ||
| Q2 24 | -120.3% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.03 | $0.99 | ||
| Q3 25 | $-0.13 | $1.02 | ||
| Q2 25 | $-0.16 | $0.96 | ||
| Q1 25 | $-0.20 | $3.24 | ||
| Q4 24 | $-0.68 | $0.91 | ||
| Q3 24 | $-1.34 | $0.88 | ||
| Q2 24 | $-0.54 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | — |
| Total Assets | $15.0B | $648.9M |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $540.9M | $196.6M | ||
| Q3 25 | $396.6M | $237.6M | ||
| Q2 25 | $509.8M | $227.9M | ||
| Q1 25 | $673.5M | $251.4M | ||
| Q4 24 | $332.3M | $315.9M | ||
| Q3 24 | $275.6M | $84.0M | ||
| Q2 24 | $606.5M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $1.2B | ||
| Q3 25 | $9.6B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $9.5B | — | ||
| Q4 24 | $8.8B | $1.2B | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $9.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $-736.8M | ||
| Q3 25 | $4.7B | $-702.6M | ||
| Q2 25 | $4.8B | $-686.0M | ||
| Q1 25 | $4.8B | $-715.0M | ||
| Q4 24 | $4.8B | $-675.6M | ||
| Q3 24 | $5.4B | $-447.5M | ||
| Q2 24 | $6.2B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $15.0B | $693.4M | ||
| Q3 25 | $14.9B | $721.0M | ||
| Q2 25 | $15.2B | $708.3M | ||
| Q1 25 | $14.9B | $696.8M | ||
| Q4 24 | $14.3B | $716.2M | ||
| Q3 24 | $15.2B | $484.8M | ||
| Q2 24 | $16.2B | $451.8M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $57.3M | ||
| Q3 25 | $18.6M | $63.9M | ||
| Q2 25 | $51.7M | $6.6M | ||
| Q1 25 | $384.0K | $25.3M | ||
| Q4 24 | $245.5M | $7.7M | ||
| Q3 24 | $59.2M | $69.0M | ||
| Q2 24 | $35.3M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 13.11× | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
