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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and Inotiv, Inc. (NOTV). Click either name above to swap in a different company.

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $84.5M, roughly 1.4× National Healthcare Properties, Inc.). Inotiv, Inc. runs the higher net margin — -23.5% vs -27.0%, a 3.5% gap on every dollar of revenue. On growth, Inotiv, Inc. posted the faster year-over-year revenue change (0.8% vs -3.7%). Over the past eight quarters, Inotiv, Inc.'s revenue compounded faster (0.8% CAGR vs -2.2%).

Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500 primary healthcare facilities within the United Kingdom and Ireland. It is listed on the London Stock Exchange and is also a constituent of the FTSE 250 Index.

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

NHPAP vs NOTV — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.4× larger
NOTV
$120.9M
$84.5M
NHPAP
Growing faster (revenue YoY)
NOTV
NOTV
+4.6% gap
NOTV
0.8%
-3.7%
NHPAP
Higher net margin
NOTV
NOTV
3.5% more per $
NOTV
-23.5%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
NOTV
NOTV
Annualised
NOTV
0.8%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NHPAP
NHPAP
NOTV
NOTV
Revenue
$84.5M
$120.9M
Net Profit
$-22.8M
$-28.4M
Gross Margin
36.5%
Operating Margin
-7.8%
-13.5%
Net Margin
-27.0%
-23.5%
Revenue YoY
-3.7%
0.8%
Net Profit YoY
-33.9%
-2.7%
EPS (diluted)
$-0.92
$-0.83

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
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$84.5M
$120.9M
Q3 25
$86.0M
$138.1M
Q2 25
$85.3M
$130.7M
Q1 25
$86.4M
$124.3M
Q4 24
$87.7M
$119.9M
Q3 24
$88.9M
$130.4M
Q2 24
$88.8M
$105.8M
Q1 24
$88.3M
$119.0M
Net Profit
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$-22.8M
$-28.4M
Q3 25
$-12.5M
$-8.6M
Q2 25
$-20.8M
$-17.6M
Q1 25
$-1.5M
$-14.9M
Q4 24
$-17.0M
$-27.6M
Q3 24
$-40.8M
$-18.9M
Q2 24
$-116.9M
$-26.1M
Q1 24
$-15.6M
$-48.1M
Gross Margin
NHPAP
NHPAP
NOTV
NOTV
Q4 25
36.5%
Q3 25
37.4%
Q2 25
36.9%
Q1 25
33.4%
Q4 24
37.4%
Q3 24
36.6%
Q2 24
38.1%
Q1 24
37.5%
Operating Margin
NHPAP
NHPAP
NOTV
NOTV
Q4 25
-7.8%
-13.5%
Q3 25
2.8%
-4.9%
Q2 25
-6.5%
-4.3%
Q1 25
15.1%
-2.4%
Q4 24
-1.2%
-12.9%
Q3 24
-23.5%
-10.1%
Q2 24
-113.1%
-19.6%
Q1 24
-1.3%
-36.2%
Net Margin
NHPAP
NHPAP
NOTV
NOTV
Q4 25
-27.0%
-23.5%
Q3 25
-14.6%
-6.2%
Q2 25
-24.4%
-13.5%
Q1 25
-1.8%
-12.0%
Q4 24
-19.4%
-23.0%
Q3 24
-45.8%
-14.5%
Q2 24
-131.6%
-24.7%
Q1 24
-17.6%
-40.4%
EPS (diluted)
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$-0.92
$-0.83
Q3 25
$-0.56
$-0.14
Q2 25
$-0.85
$-0.51
Q1 25
$-0.18
$-0.44
Q4 24
$-0.72
$-1.02
Q3 24
$-1.56
$-0.73
Q2 24
$-4.24
$-1.00
Q1 24
$-0.67
$-1.86

Balance Sheet & Financial Strength

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

Metric
NHPAP
NHPAP
NOTV
NOTV
Cash + ST InvestmentsLiquidity on hand
$57.6M
$12.7M
Total DebtLower is stronger
$405.8M
Stockholders' EquityBook value
$600.1M
$109.0M
Total Assets
$1.7B
$734.3M
Debt / EquityLower = less leverage
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$57.6M
$12.7M
Q3 25
$47.1M
$21.7M
Q2 25
$47.1M
$6.2M
Q1 25
$71.4M
$19.3M
Q4 24
$21.7M
$38.0M
Q3 24
$32.9M
$21.4M
Q2 24
$29.5M
$14.4M
Q1 24
$28.7M
$32.7M
Total Debt
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$405.8M
Q3 25
$402.1M
Q2 25
$396.5M
Q1 25
$399.5M
Q4 24
$396.0M
Q3 24
$393.3M
Q2 24
$382.4M
Q1 24
$380.6M
Stockholders' Equity
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$600.1M
$109.0M
Q3 25
$627.2M
$136.0M
Q2 25
$647.0M
$143.8M
Q1 25
$674.6M
$157.7M
Q4 24
$684.6M
$169.8M
Q3 24
$702.6M
$170.5M
Q2 24
$756.7M
$182.1M
Q1 24
$877.7M
$207.2M
Total Assets
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$1.7B
$734.3M
Q3 25
$1.7B
$771.1M
Q2 25
$1.8B
$759.7M
Q1 25
$1.8B
$766.0M
Q4 24
$1.9B
$772.9M
Q3 24
$2.0B
$781.4M
Q2 24
$2.1B
$774.6M
Q1 24
$2.1B
$815.4M
Debt / Equity
NHPAP
NHPAP
NOTV
NOTV
Q4 25
3.72×
Q3 25
2.96×
Q2 25
2.76×
Q1 25
2.53×
Q4 24
2.33×
Q3 24
2.31×
Q2 24
2.10×
Q1 24
1.84×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NHPAP
NHPAP
NOTV
NOTV
Operating Cash FlowLast quarter
$7.0M
$-5.4M
Free Cash FlowOCF − Capex
$-10.6M
FCF MarginFCF / Revenue
-8.8%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$7.0M
$-5.4M
Q3 25
$10.2M
$14.3M
Q2 25
$8.1M
$-7.4M
Q1 25
$-21.2M
$-12.8M
Q4 24
$-79.8M
$-4.5M
Q3 24
$-95.2M
$-2.4M
Q2 24
$6.4M
$-14.8M
Q1 24
$2.5M
$16.9M
Free Cash Flow
NHPAP
NHPAP
NOTV
NOTV
Q4 25
$-10.6M
Q3 25
$11.6M
Q2 25
$-11.5M
Q1 25
$-18.3M
Q4 24
$-9.0M
Q3 24
$-7.7M
Q2 24
$-19.2M
Q1 24
$9.9M
FCF Margin
NHPAP
NHPAP
NOTV
NOTV
Q4 25
-8.8%
Q3 25
8.4%
Q2 25
-8.8%
Q1 25
-14.7%
Q4 24
-7.5%
Q3 24
-5.9%
Q2 24
-18.2%
Q1 24
8.3%
Capex Intensity
NHPAP
NHPAP
NOTV
NOTV
Q4 25
4.3%
Q3 25
1.9%
Q2 25
3.1%
Q1 25
4.4%
Q4 24
3.7%
Q3 24
4.1%
Q2 24
4.2%
Q1 24
5.9%

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHPAP
NHPAP

Seniors Housing Communities$56.3M67%
Outpatient Medical Facilities$28.1M33%

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

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