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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and Reservoir Media, Inc. (RSVR). 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 $45.6M, roughly 1.9× Reservoir Media, Inc.). Reservoir Media, Inc. runs the higher net margin — 4.8% vs -27.0%, a 31.8% gap on every dollar of revenue. On growth, Reservoir Media, Inc. posted the faster year-over-year revenue change (7.7% vs -3.7%). Over the past eight quarters, Reservoir Media, Inc.'s revenue compounded faster (7.9% 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.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

NHPAP vs RSVR — Head-to-Head

Bigger by revenue
NHPAP
NHPAP
1.9× larger
NHPAP
$84.5M
$45.6M
RSVR
Growing faster (revenue YoY)
RSVR
RSVR
+11.4% gap
RSVR
7.7%
-3.7%
NHPAP
Higher net margin
RSVR
RSVR
31.8% more per $
RSVR
4.8%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
RSVR
RSVR
Annualised
RSVR
7.9%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NHPAP
NHPAP
RSVR
RSVR
Revenue
$84.5M
$45.6M
Net Profit
$-22.8M
$2.2M
Gross Margin
36.5%
64.5%
Operating Margin
-7.8%
22.7%
Net Margin
-27.0%
4.8%
Revenue YoY
-3.7%
7.7%
Net Profit YoY
-33.9%
-58.1%
EPS (diluted)
$-0.92
$0.03

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
RSVR
RSVR
Q4 25
$84.5M
$45.6M
Q3 25
$86.0M
$45.4M
Q2 25
$85.3M
$37.2M
Q1 25
$86.4M
$41.4M
Q4 24
$87.7M
$42.3M
Q3 24
$88.9M
$40.7M
Q2 24
$88.8M
$34.3M
Q1 24
$88.3M
$39.1M
Net Profit
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$-22.8M
$2.2M
Q3 25
$-12.5M
$2.3M
Q2 25
$-20.8M
$-555.7K
Q1 25
$-1.5M
$2.7M
Q4 24
$-17.0M
$5.2M
Q3 24
$-40.8M
$185.0K
Q2 24
$-116.9M
$-346.7K
Q1 24
$-15.6M
$2.8M
Gross Margin
NHPAP
NHPAP
RSVR
RSVR
Q4 25
36.5%
64.5%
Q3 25
37.4%
63.6%
Q2 25
36.9%
64.5%
Q1 25
33.4%
65.6%
Q4 24
37.4%
64.4%
Q3 24
36.6%
63.5%
Q2 24
38.1%
61.3%
Q1 24
37.5%
63.4%
Operating Margin
NHPAP
NHPAP
RSVR
RSVR
Q4 25
-7.8%
22.7%
Q3 25
2.8%
23.5%
Q2 25
-6.5%
14.7%
Q1 25
15.1%
25.2%
Q4 24
-1.2%
22.6%
Q3 24
-23.5%
24.9%
Q2 24
-113.1%
14.5%
Q1 24
-1.3%
22.4%
Net Margin
NHPAP
NHPAP
RSVR
RSVR
Q4 25
-27.0%
4.8%
Q3 25
-14.6%
5.0%
Q2 25
-24.4%
-1.5%
Q1 25
-1.8%
6.4%
Q4 24
-19.4%
12.4%
Q3 24
-45.8%
0.5%
Q2 24
-131.6%
-1.0%
Q1 24
-17.6%
7.1%
EPS (diluted)
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$-0.92
$0.03
Q3 25
$-0.56
$0.03
Q2 25
$-0.85
$-0.01
Q1 25
$-0.18
Q4 24
$-0.72
$0.08
Q3 24
$-1.56
Q2 24
$-4.24
$-0.01
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
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$57.6M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$600.1M
$373.6M
Total Assets
$1.7B
$941.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$57.6M
$20.6M
Q3 25
$47.1M
$27.9M
Q2 25
$47.1M
$14.9M
Q1 25
$71.4M
$21.4M
Q4 24
$21.7M
$17.8M
Q3 24
$32.9M
$21.1M
Q2 24
$29.5M
$16.4M
Q1 24
$28.7M
$18.1M
Stockholders' Equity
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$600.1M
$373.6M
Q3 25
$627.2M
$370.9M
Q2 25
$647.0M
$368.9M
Q1 25
$674.6M
$364.9M
Q4 24
$684.6M
$359.5M
Q3 24
$702.6M
$357.9M
Q2 24
$756.7M
$353.0M
Q1 24
$877.7M
$353.0M
Total Assets
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$1.7B
$941.9M
Q3 25
$1.7B
$903.5M
Q2 25
$1.8B
$857.0M
Q1 25
$1.8B
$865.1M
Q4 24
$1.9B
$832.4M
Q3 24
$2.0B
$778.2M
Q2 24
$2.1B
$768.2M
Q1 24
$2.1B
$783.5M

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
RSVR
RSVR
Operating Cash FlowLast quarter
$7.0M
$12.9M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$7.0M
$12.9M
Q3 25
$10.2M
$19.3M
Q2 25
$8.1M
$6.0M
Q1 25
$-21.2M
$12.2M
Q4 24
$-79.8M
$11.2M
Q3 24
$-95.2M
$13.3M
Q2 24
$6.4M
$8.6M
Q1 24
$2.5M
$13.8M
Free Cash Flow
NHPAP
NHPAP
RSVR
RSVR
Q4 25
$12.8M
Q3 25
$19.2M
Q2 25
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
Q3 24
$13.3M
Q2 24
$8.5M
Q1 24
$13.8M
FCF Margin
NHPAP
NHPAP
RSVR
RSVR
Q4 25
28.1%
Q3 25
42.2%
Q2 25
16.1%
Q1 25
29.3%
Q4 24
26.5%
Q3 24
32.7%
Q2 24
24.9%
Q1 24
35.2%
Capex Intensity
NHPAP
NHPAP
RSVR
RSVR
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
NHPAP
NHPAP
RSVR
RSVR
Q4 25
5.89×
Q3 25
8.54×
Q2 25
Q1 25
4.56×
Q4 24
2.14×
Q3 24
71.97×
Q2 24
Q1 24
4.93×

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%

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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