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

National Healthcare Properties, Inc. is the larger business by last-quarter revenue ($84.5M vs $52.3M, roughly 1.6× RICHARDSON ELECTRONICS, LTD.). RICHARDSON ELECTRONICS, LTD. runs the higher net margin — -0.2% vs -27.0%, a 26.8% gap on every dollar of revenue. On growth, RICHARDSON ELECTRONICS, LTD. posted the faster year-over-year revenue change (5.7% vs -3.7%). Over the past eight quarters, RICHARDSON ELECTRONICS, LTD.'s revenue compounded faster (-0.3% 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.

The James Richardson Corporation, also going by the name James Richardson Group or JR/Group, is an Australian furniture, hospitality, real estate and retail corporation, headquartered in the Abbotsford suburb of Melbourne, Australia. It is privately owned and employs approximately 2,300 people worldwide. It is perhaps best known among consumers for its duty-free retail stores in airports and border crossings in Australasia and the Middle East. The company is a household name in Israel due to ...

NHPAP vs RELL — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.6× larger
NHPAP
$84.5M
$52.3M
RELL
Growing faster (revenue YoY)
RELL
RELL
+9.4% gap
RELL
5.7%
-3.7%
NHPAP
Higher net margin
RELL
RELL
26.8% more per $
RELL
-0.2%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
RELL
RELL
Annualised
RELL
-0.3%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
NHPAP
NHPAP
RELL
RELL
Revenue
$84.5M
$52.3M
Net Profit
$-22.8M
$-121.0K
Gross Margin
36.5%
30.7%
Operating Margin
-7.8%
0.3%
Net Margin
-27.0%
-0.2%
Revenue YoY
-3.7%
5.7%
Net Profit YoY
-33.9%
83.9%
EPS (diluted)
$-0.92

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
RELL
RELL
Q4 25
$84.5M
$52.3M
Q3 25
$86.0M
$54.6M
Q2 25
$85.3M
Q1 25
$86.4M
$53.8M
Q4 24
$87.7M
$49.5M
Q3 24
$88.9M
$53.7M
Q2 24
$88.8M
Q1 24
$88.3M
$52.4M
Net Profit
NHPAP
NHPAP
RELL
RELL
Q4 25
$-22.8M
$-121.0K
Q3 25
$-12.5M
$1.9M
Q2 25
$-20.8M
Q1 25
$-1.5M
$-2.1M
Q4 24
$-17.0M
$-751.0K
Q3 24
$-40.8M
$590.0K
Q2 24
$-116.9M
Q1 24
$-15.6M
$750.0K
Gross Margin
NHPAP
NHPAP
RELL
RELL
Q4 25
36.5%
30.7%
Q3 25
37.4%
31.0%
Q2 25
36.9%
Q1 25
33.4%
31.0%
Q4 24
37.4%
31.0%
Q3 24
36.6%
30.6%
Q2 24
38.1%
Q1 24
37.5%
29.5%
Operating Margin
NHPAP
NHPAP
RELL
RELL
Q4 25
-7.8%
0.3%
Q3 25
2.8%
1.8%
Q2 25
-6.5%
Q1 25
15.1%
-5.1%
Q4 24
-1.2%
-1.3%
Q3 24
-23.5%
0.6%
Q2 24
-113.1%
Q1 24
-1.3%
1.9%
Net Margin
NHPAP
NHPAP
RELL
RELL
Q4 25
-27.0%
-0.2%
Q3 25
-14.6%
3.5%
Q2 25
-24.4%
Q1 25
-1.8%
-3.8%
Q4 24
-19.4%
-1.5%
Q3 24
-45.8%
1.1%
Q2 24
-131.6%
Q1 24
-17.6%
1.4%
EPS (diluted)
NHPAP
NHPAP
RELL
RELL
Q4 25
$-0.92
Q3 25
$-0.56
Q2 25
$-0.85
Q1 25
$-0.18
Q4 24
$-0.72
Q3 24
$-1.56
Q2 24
$-4.24
Q1 24
$-0.67

Balance Sheet & Financial Strength

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

Metric
NHPAP
NHPAP
RELL
RELL
Cash + ST InvestmentsLiquidity on hand
$57.6M
$33.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$600.1M
$158.5M
Total Assets
$1.7B
$201.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
RELL
RELL
Q4 25
$57.6M
$33.1M
Q3 25
$47.1M
$35.7M
Q2 25
$47.1M
Q1 25
$71.4M
$36.7M
Q4 24
$21.7M
$26.6M
Q3 24
$32.9M
$23.0M
Q2 24
$29.5M
Q1 24
$28.7M
$18.9M
Stockholders' Equity
NHPAP
NHPAP
RELL
RELL
Q4 25
$600.1M
$158.5M
Q3 25
$627.2M
$159.4M
Q2 25
$647.0M
Q1 25
$674.6M
$152.9M
Q4 24
$684.6M
$156.2M
Q3 24
$702.6M
$159.1M
Q2 24
$756.7M
Q1 24
$877.7M
$158.6M
Total Assets
NHPAP
NHPAP
RELL
RELL
Q4 25
$1.7B
$201.8M
Q3 25
$1.7B
$200.1M
Q2 25
$1.8B
Q1 25
$1.8B
$189.8M
Q4 24
$1.9B
$195.2M
Q3 24
$2.0B
$197.9M
Q2 24
$2.1B
Q1 24
$2.1B
$193.6M

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
RELL
RELL
Operating Cash FlowLast quarter
$7.0M
$-99.0K
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
RELL
RELL
Q4 25
$7.0M
$-99.0K
Q3 25
$10.2M
$1.4M
Q2 25
$8.1M
Q1 25
$-21.2M
$4.6M
Q4 24
$-79.8M
$5.5M
Q3 24
$-95.2M
$412.0K
Q2 24
$6.4M
Q1 24
$2.5M
$-2.5M
Free Cash Flow
NHPAP
NHPAP
RELL
RELL
Q4 25
$-1.7M
Q3 25
$342.0K
Q2 25
Q1 25
$4.1M
Q4 24
$4.9M
Q3 24
$-514.0K
Q2 24
Q1 24
$-2.9M
FCF Margin
NHPAP
NHPAP
RELL
RELL
Q4 25
-3.3%
Q3 25
0.6%
Q2 25
Q1 25
7.5%
Q4 24
10.0%
Q3 24
-1.0%
Q2 24
Q1 24
-5.6%
Capex Intensity
NHPAP
NHPAP
RELL
RELL
Q4 25
3.1%
Q3 25
1.9%
Q2 25
Q1 25
1.0%
Q4 24
1.0%
Q3 24
1.7%
Q2 24
Q1 24
0.8%
Cash Conversion
NHPAP
NHPAP
RELL
RELL
Q4 25
Q3 25
0.72×
Q2 25
Q1 25
Q4 24
Q3 24
0.70×
Q2 24
Q1 24
-3.37×

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%

RELL
RELL

Power And Microwave Technologies Group$35.2M67%
Canvys$8.8M17%
Global Energy Solutions$8.3M16%

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