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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and 1ST SOURCE CORP (SRCE). Click either name above to swap in a different company.

1ST SOURCE CORP is the larger business by last-quarter revenue ($113.1M vs $84.5M, roughly 1.3× National Healthcare Properties, Inc.). 1ST SOURCE CORP runs the higher net margin — 35.3% vs -27.0%, a 62.3% gap on every dollar of revenue. On growth, 1ST SOURCE CORP posted the faster year-over-year revenue change (8.7% vs -3.7%). Over the past eight quarters, 1ST SOURCE CORP's revenue compounded faster (7.8% 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.

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

NHPAP vs SRCE — Head-to-Head

Bigger by revenue
SRCE
SRCE
1.3× larger
SRCE
$113.1M
$84.5M
NHPAP
Growing faster (revenue YoY)
SRCE
SRCE
+12.5% gap
SRCE
8.7%
-3.7%
NHPAP
Higher net margin
SRCE
SRCE
62.3% more per $
SRCE
35.3%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
SRCE
SRCE
Annualised
SRCE
7.8%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NHPAP
NHPAP
SRCE
SRCE
Revenue
$84.5M
$113.1M
Net Profit
$-22.8M
$40.0M
Gross Margin
36.5%
Operating Margin
-7.8%
45.4%
Net Margin
-27.0%
35.3%
Revenue YoY
-3.7%
8.7%
Net Profit YoY
-33.9%
6.5%
EPS (diluted)
$-0.92
$1.63

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
SRCE
SRCE
Q1 26
$113.1M
Q4 25
$84.5M
$110.8M
Q3 25
$86.0M
$110.7M
Q2 25
$85.3M
$108.2M
Q1 25
$86.4M
$104.0M
Q4 24
$87.7M
$97.8M
Q3 24
$88.9M
$97.9M
Q2 24
$88.8M
$97.3M
Net Profit
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$40.0M
Q4 25
$-22.8M
$41.1M
Q3 25
$-12.5M
$42.3M
Q2 25
$-20.8M
$37.3M
Q1 25
$-1.5M
$37.5M
Q4 24
$-17.0M
$31.4M
Q3 24
$-40.8M
$34.9M
Q2 24
$-116.9M
$36.8M
Gross Margin
NHPAP
NHPAP
SRCE
SRCE
Q1 26
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%
Operating Margin
NHPAP
NHPAP
SRCE
SRCE
Q1 26
45.4%
Q4 25
-7.8%
Q3 25
2.8%
49.7%
Q2 25
-6.5%
44.5%
Q1 25
15.1%
45.8%
Q4 24
-1.2%
Q3 24
-23.5%
46.3%
Q2 24
-113.1%
49.1%
Net Margin
NHPAP
NHPAP
SRCE
SRCE
Q1 26
35.3%
Q4 25
-27.0%
37.1%
Q3 25
-14.6%
38.2%
Q2 25
-24.4%
34.5%
Q1 25
-1.8%
36.1%
Q4 24
-19.4%
32.1%
Q3 24
-45.8%
35.7%
Q2 24
-131.6%
37.8%
EPS (diluted)
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$1.63
Q4 25
$-0.92
$1.67
Q3 25
$-0.56
$1.71
Q2 25
$-0.85
$1.51
Q1 25
$-0.18
$1.52
Q4 24
$-0.72
$1.27
Q3 24
$-1.56
$1.41
Q2 24
$-4.24
$1.49

Balance Sheet & Financial Strength

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

Metric
NHPAP
NHPAP
SRCE
SRCE
Cash + ST InvestmentsLiquidity on hand
$57.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$600.1M
$1.3B
Total Assets
$1.7B
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
SRCE
SRCE
Q1 26
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
Stockholders' Equity
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$1.3B
Q4 25
$600.1M
$1.3B
Q3 25
$627.2M
$1.2B
Q2 25
$647.0M
$1.2B
Q1 25
$674.6M
$1.2B
Q4 24
$684.6M
$1.1B
Q3 24
$702.6M
$1.1B
Q2 24
$756.7M
$1.0B
Total Assets
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$9.1B
Q4 25
$1.7B
$9.1B
Q3 25
$1.7B
$9.1B
Q2 25
$1.8B
$9.1B
Q1 25
$1.8B
$9.0B
Q4 24
$1.9B
$8.9B
Q3 24
$2.0B
$8.8B
Q2 24
$2.1B
$8.9B

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
SRCE
SRCE
Operating Cash FlowLast quarter
$7.0M
$59.1M
Free Cash FlowOCF − Capex
$58.1M
FCF MarginFCF / Revenue
51.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$361.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$59.1M
Q4 25
$7.0M
$223.1M
Q3 25
$10.2M
$51.0M
Q2 25
$8.1M
$44.9M
Q1 25
$-21.2M
$71.8M
Q4 24
$-79.8M
$193.9M
Q3 24
$-95.2M
$68.4M
Q2 24
$6.4M
$50.0M
Free Cash Flow
NHPAP
NHPAP
SRCE
SRCE
Q1 26
$58.1M
Q4 25
$213.0M
Q3 25
$47.3M
Q2 25
$43.0M
Q1 25
$69.3M
Q4 24
$181.5M
Q3 24
$66.7M
Q2 24
$46.4M
FCF Margin
NHPAP
NHPAP
SRCE
SRCE
Q1 26
51.4%
Q4 25
192.2%
Q3 25
42.7%
Q2 25
39.8%
Q1 25
66.6%
Q4 24
185.5%
Q3 24
68.1%
Q2 24
47.7%
Capex Intensity
NHPAP
NHPAP
SRCE
SRCE
Q1 26
0.9%
Q4 25
9.1%
Q3 25
3.4%
Q2 25
1.7%
Q1 25
2.4%
Q4 24
12.6%
Q3 24
1.7%
Q2 24
3.7%
Cash Conversion
NHPAP
NHPAP
SRCE
SRCE
Q1 26
1.48×
Q4 25
5.42×
Q3 25
1.21×
Q2 25
1.20×
Q1 25
1.91×
Q4 24
6.17×
Q3 24
1.96×
Q2 24
1.36×

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%

SRCE
SRCE

Segment breakdown not available.

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