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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and ATRenew Inc. (RERE). 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 $43.2M, roughly 2.0× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -27.0%, a 43.9% gap on every dollar of revenue.

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

NHPAP vs RERE — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
2.0× larger
NHPAP
$84.5M
$43.2M
RERE
Higher net margin
RERE
RERE
43.9% more per $
RERE
16.9%
-27.0%
NHPAP

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
NHPAP
NHPAP
RERE
RERE
Revenue
$84.5M
$43.2M
Net Profit
$-22.8M
$7.3M
Gross Margin
36.5%
Operating Margin
-7.8%
Net Margin
-27.0%
16.9%
Revenue YoY
-3.7%
Net Profit YoY
-33.9%
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
RERE
RERE
Q4 25
$84.5M
Q3 25
$86.0M
Q2 25
$85.3M
Q1 25
$86.4M
Q4 24
$87.7M
Q3 24
$88.9M
Q2 24
$88.8M
Q1 24
$88.3M
Net Profit
NHPAP
NHPAP
RERE
RERE
Q4 25
$-22.8M
Q3 25
$-12.5M
Q2 25
$-20.8M
Q1 25
$-1.5M
Q4 24
$-17.0M
Q3 24
$-40.8M
Q2 24
$-116.9M
Q1 24
$-15.6M
Gross Margin
NHPAP
NHPAP
RERE
RERE
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
RERE
RERE
Q4 25
-7.8%
Q3 25
2.8%
Q2 25
-6.5%
Q1 25
15.1%
Q4 24
-1.2%
Q3 24
-23.5%
Q2 24
-113.1%
Q1 24
-1.3%
Net Margin
NHPAP
NHPAP
RERE
RERE
Q4 25
-27.0%
Q3 25
-14.6%
Q2 25
-24.4%
Q1 25
-1.8%
Q4 24
-19.4%
Q3 24
-45.8%
Q2 24
-131.6%
Q1 24
-17.6%
EPS (diluted)
NHPAP
NHPAP
RERE
RERE
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
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$57.6M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$600.1M
$557.1M
Total Assets
$1.7B
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
RERE
RERE
Q4 25
$57.6M
Q3 25
$47.1M
Q2 25
$47.1M
Q1 25
$71.4M
Q4 24
$21.7M
Q3 24
$32.9M
Q2 24
$29.5M
Q1 24
$28.7M
Stockholders' Equity
NHPAP
NHPAP
RERE
RERE
Q4 25
$600.1M
Q3 25
$627.2M
Q2 25
$647.0M
Q1 25
$674.6M
Q4 24
$684.6M
Q3 24
$702.6M
Q2 24
$756.7M
Q1 24
$877.7M
Total Assets
NHPAP
NHPAP
RERE
RERE
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.9B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B

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
RERE
RERE
Operating Cash FlowLast quarter
$7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
RERE
RERE
Q4 25
$7.0M
Q3 25
$10.2M
Q2 25
$8.1M
Q1 25
$-21.2M
Q4 24
$-79.8M
Q3 24
$-95.2M
Q2 24
$6.4M
Q1 24
$2.5M

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%

RERE
RERE

Segment breakdown not available.

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