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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and RCI HOSPITALITY HOLDINGS, INC. (RICK). 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 $70.9M, roughly 1.2× RCI HOSPITALITY HOLDINGS, INC.). RCI HOSPITALITY HOLDINGS, INC. runs the higher net margin — -7.8% vs -27.0%, a 19.2% gap on every dollar of revenue. On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -3.7%). Over the past eight quarters, RCI HOSPITALITY HOLDINGS, INC.'s revenue compounded faster (-2.0% 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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

NHPAP vs RICK — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.2× larger
NHPAP
$84.5M
$70.9M
RICK
Growing faster (revenue YoY)
RICK
RICK
+0.6% gap
RICK
-3.1%
-3.7%
NHPAP
Higher net margin
RICK
RICK
19.2% more per $
RICK
-7.8%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
RICK
RICK
Annualised
RICK
-2.0%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NHPAP
NHPAP
RICK
RICK
Revenue
$84.5M
$70.9M
Net Profit
$-22.8M
$-5.5M
Gross Margin
36.5%
Operating Margin
-7.8%
-0.7%
Net Margin
-27.0%
-7.8%
Revenue YoY
-3.7%
-3.1%
Net Profit YoY
-33.9%
-2354.9%
EPS (diluted)
$-0.92
$-0.60

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
RICK
RICK
Q4 25
$84.5M
Q3 25
$86.0M
$70.9M
Q2 25
$85.3M
$71.1M
Q1 25
$86.4M
$65.9M
Q4 24
$87.7M
$71.5M
Q3 24
$88.9M
$73.2M
Q2 24
$88.8M
$76.2M
Q1 24
$88.3M
$72.3M
Net Profit
NHPAP
NHPAP
RICK
RICK
Q4 25
$-22.8M
Q3 25
$-12.5M
$-5.5M
Q2 25
$-20.8M
$4.1M
Q1 25
$-1.5M
$3.2M
Q4 24
$-17.0M
$9.0M
Q3 24
$-40.8M
$244.0K
Q2 24
$-116.9M
$-5.2M
Q1 24
$-15.6M
$774.0K
Gross Margin
NHPAP
NHPAP
RICK
RICK
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
RICK
RICK
Q4 25
-7.8%
Q3 25
2.8%
-0.7%
Q2 25
-6.5%
12.2%
Q1 25
15.1%
12.4%
Q4 24
-1.2%
19.5%
Q3 24
-23.5%
4.8%
Q2 24
-113.1%
-3.3%
Q1 24
-1.3%
6.4%
Net Margin
NHPAP
NHPAP
RICK
RICK
Q4 25
-27.0%
Q3 25
-14.6%
-7.8%
Q2 25
-24.4%
5.7%
Q1 25
-1.8%
4.9%
Q4 24
-19.4%
12.6%
Q3 24
-45.8%
0.3%
Q2 24
-131.6%
-6.9%
Q1 24
-17.6%
1.1%
EPS (diluted)
NHPAP
NHPAP
RICK
RICK
Q4 25
$-0.92
Q3 25
$-0.56
$-0.60
Q2 25
$-0.85
$0.46
Q1 25
$-0.18
$0.36
Q4 24
$-0.72
$1.01
Q3 24
$-1.56
$0.04
Q2 24
$-4.24
$-0.56
Q1 24
$-0.67
$0.08

Balance Sheet & Financial Strength

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

Metric
NHPAP
NHPAP
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$57.6M
$33.7M
Total DebtLower is stronger
$238.2M
Stockholders' EquityBook value
$600.1M
$261.1M
Total Assets
$1.7B
$596.9M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
RICK
RICK
Q4 25
$57.6M
Q3 25
$47.1M
$33.7M
Q2 25
$47.1M
$29.3M
Q1 25
$71.4M
$32.7M
Q4 24
$21.7M
$34.7M
Q3 24
$32.9M
$32.4M
Q2 24
$29.5M
$34.9M
Q1 24
$28.7M
$20.0M
Total Debt
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
$238.2M
Q2 25
$243.8M
Q1 25
$244.1M
Q4 24
Q3 24
$241.1M
Q2 24
Q1 24
Stockholders' Equity
NHPAP
NHPAP
RICK
RICK
Q4 25
$600.1M
Q3 25
$627.2M
$261.1M
Q2 25
$647.0M
$269.5M
Q1 25
$674.6M
$268.8M
Q4 24
$684.6M
$269.0M
Q3 24
$702.6M
$263.4M
Q2 24
$756.7M
$271.2M
Q1 24
$877.7M
$285.8M
Total Assets
NHPAP
NHPAP
RICK
RICK
Q4 25
$1.7B
Q3 25
$1.7B
$596.9M
Q2 25
$1.8B
$597.4M
Q1 25
$1.8B
$589.8M
Q4 24
$1.9B
$586.2M
Q3 24
$2.0B
$584.4M
Q2 24
$2.1B
$601.0M
Q1 24
$2.1B
$609.9M
Debt / Equity
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
Q2 24
Q1 24

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
RICK
RICK
Operating Cash FlowLast quarter
$7.0M
$13.7M
Free Cash FlowOCF − Capex
$11.5M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
RICK
RICK
Q4 25
$7.0M
Q3 25
$10.2M
$13.7M
Q2 25
$8.1M
$13.8M
Q1 25
$-21.2M
$8.5M
Q4 24
$-79.8M
$13.3M
Q3 24
$-95.2M
$15.7M
Q2 24
$6.4M
$15.8M
Q1 24
$2.5M
$10.8M
Free Cash Flow
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
$11.5M
Q2 25
$10.1M
Q1 25
$5.7M
Q4 24
$7.6M
Q3 24
$10.3M
Q2 24
$9.3M
Q1 24
$3.2M
FCF Margin
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
16.2%
Q2 25
14.2%
Q1 25
8.6%
Q4 24
10.6%
Q3 24
14.0%
Q2 24
12.3%
Q1 24
4.4%
Capex Intensity
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
3.2%
Q2 25
5.2%
Q1 25
4.3%
Q4 24
8.0%
Q3 24
7.3%
Q2 24
8.4%
Q1 24
10.6%
Cash Conversion
NHPAP
NHPAP
RICK
RICK
Q4 25
Q3 25
Q2 25
3.40×
Q1 25
2.65×
Q4 24
1.48×
Q3 24
64.14×
Q2 24
Q1 24
14.00×

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%

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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