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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and WORKIVA INC (WK). 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 $238.9M, roughly 1.1× WORKIVA INC). MEDICAL PROPERTIES TRUST INC runs the higher net margin — 6.5% vs 4.9%, a 1.6% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 16.6%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.0% 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...
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
MPW vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $238.9M |
| Net Profit | $17.6M | $11.8M |
| Gross Margin | 95.8% | 80.7% |
| Operating Margin | 9.7% | 22.6% |
| Net Margin | 6.5% | 4.9% |
| Revenue YoY | 16.6% | 19.5% |
| Net Profit YoY | 104.3% | — |
| EPS (diluted) | $0.03 | $0.20 |
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 | — | $238.9M | ||
| Q4 25 | $270.3M | $238.9M | ||
| Q3 25 | $237.5M | $224.2M | ||
| Q2 25 | $240.4M | $215.2M | ||
| Q1 25 | $223.8M | $206.3M | ||
| Q4 24 | $231.8M | $199.9M | ||
| Q3 24 | $225.8M | $185.6M | ||
| Q2 24 | $266.6M | $177.5M |
| Q1 26 | — | $11.8M | ||
| Q4 25 | $17.6M | $11.8M | ||
| Q3 25 | $-77.7M | $2.8M | ||
| Q2 25 | $-98.4M | $-19.4M | ||
| Q1 25 | $-118.3M | $-21.4M | ||
| Q4 24 | $-412.3M | $-8.8M | ||
| Q3 24 | $-801.2M | $-17.0M | ||
| Q2 24 | $-320.6M | $-17.5M |
| Q1 26 | — | 80.7% | ||
| Q4 25 | 95.8% | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | 91.8% | 77.0% | ||
| Q1 25 | 63.6% | 76.6% | ||
| Q4 24 | 90.9% | 77.1% | ||
| Q3 24 | 96.5% | 76.5% | ||
| Q2 24 | 98.4% | 76.8% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 9.7% | 3.3% | ||
| Q3 25 | -28.0% | -1.5% | ||
| Q2 25 | -36.7% | -10.3% | ||
| Q1 25 | -48.5% | -12.0% | ||
| Q4 24 | -173.7% | -6.7% | ||
| Q3 24 | -350.7% | -11.7% | ||
| Q2 24 | -114.5% | -13.0% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 6.5% | 4.9% | ||
| Q3 25 | -32.7% | 1.2% | ||
| Q2 25 | -40.9% | -9.0% | ||
| Q1 25 | -52.8% | -10.4% | ||
| Q4 24 | -177.8% | -4.4% | ||
| Q3 24 | -354.8% | -9.2% | ||
| Q2 24 | -120.3% | -9.9% |
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.03 | $0.21 | ||
| Q3 25 | $-0.13 | $0.05 | ||
| Q2 25 | $-0.16 | $-0.35 | ||
| Q1 25 | $-0.20 | $-0.38 | ||
| Q4 24 | $-0.68 | $-0.15 | ||
| Q3 24 | $-1.34 | $-0.31 | ||
| Q2 24 | $-0.54 | $-0.32 |
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 | $338.8M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | — |
| Total Assets | $15.0B | $1.5B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $338.8M | ||
| Q4 25 | $540.9M | $338.8M | ||
| Q3 25 | $396.6M | $315.9M | ||
| Q2 25 | $509.8M | $284.3M | ||
| Q1 25 | $673.5M | $242.0M | ||
| Q4 24 | $332.3M | $301.8M | ||
| Q3 24 | $275.6M | $248.2M | ||
| Q2 24 | $606.5M | $267.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $4.6B | $-5.4M | ||
| Q3 25 | $4.7B | $-36.9M | ||
| Q2 25 | $4.8B | $-66.5M | ||
| Q1 25 | $4.8B | $-75.7M | ||
| Q4 24 | $4.8B | $-41.7M | ||
| Q3 24 | $5.4B | $-50.8M | ||
| Q2 24 | $6.2B | $-77.7M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $15.0B | $1.5B | ||
| Q3 25 | $14.9B | $1.4B | ||
| Q2 25 | $15.2B | $1.3B | ||
| Q1 25 | $14.9B | $1.3B | ||
| Q4 24 | $14.3B | $1.4B | ||
| Q3 24 | $15.2B | $1.3B | ||
| Q2 24 | $16.2B | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 13.11× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $196.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $51.0M | ||
| Q4 25 | $230.8M | $51.0M | ||
| Q3 25 | $18.6M | $46.2M | ||
| Q2 25 | $51.7M | $50.3M | ||
| Q1 25 | $384.0K | $-7.4M | ||
| Q4 24 | $245.5M | $44.0M | ||
| Q3 24 | $59.2M | $18.9M | ||
| Q2 24 | $35.3M | $-14.0K |
| Q1 26 | — | $50.7M | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | 21.2% | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | 4.31× | ||
| Q4 25 | 13.11× | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
WK
| Subscription and support | $219.3M | 92% |
| Other | $19.6M | 8% |
