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Side-by-side financial comparison of Orion Properties Inc. (ONL) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $35.2M, roughly 1.1× Orion Properties Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -101.7%, a 106.7% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -8.2%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs -13.6%).

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ONL vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.1× larger
STRW
$40.1M
$35.2M
ONL
Growing faster (revenue YoY)
STRW
STRW
+39.7% gap
STRW
31.5%
-8.2%
ONL
Higher net margin
STRW
STRW
106.7% more per $
STRW
5.0%
-101.7%
ONL
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
-13.6%
ONL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONL
ONL
STRW
STRW
Revenue
$35.2M
$40.1M
Net Profit
$-35.8M
$2.0M
Gross Margin
Operating Margin
-101.5%
52.4%
Net Margin
-101.7%
5.0%
Revenue YoY
-8.2%
31.5%
Net Profit YoY
-9.3%
37.6%
EPS (diluted)
$-0.63
$0.15

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
ONL
ONL
STRW
STRW
Q4 25
$35.2M
$40.1M
Q3 25
$37.1M
$39.7M
Q2 25
$37.3M
$37.9M
Q1 25
$38.0M
$37.3M
Q4 24
$38.4M
$30.5M
Q3 24
$39.2M
$29.5M
Q2 24
$40.1M
$29.3M
Q1 24
$47.2M
$27.8M
Net Profit
ONL
ONL
STRW
STRW
Q4 25
$-35.8M
$2.0M
Q3 25
$-69.0M
$2.0M
Q2 25
$-25.1M
$2.0M
Q1 25
$-9.4M
$1.6M
Q4 24
$-32.8M
$1.5M
Q3 24
$-10.2M
$944.0K
Q2 24
$-33.8M
$938.0K
Q1 24
$-26.2M
$746.0K
Operating Margin
ONL
ONL
STRW
STRW
Q4 25
-101.5%
52.4%
Q3 25
-185.8%
56.6%
Q2 25
-67.1%
54.5%
Q1 25
-24.4%
54.1%
Q4 24
-85.4%
51.5%
Q3 24
-25.9%
54.4%
Q2 24
-84.1%
52.3%
Q1 24
-55.4%
51.3%
Net Margin
ONL
ONL
STRW
STRW
Q4 25
-101.7%
5.0%
Q3 25
-186.0%
5.1%
Q2 25
-67.3%
5.2%
Q1 25
-24.6%
4.2%
Q4 24
-85.4%
4.8%
Q3 24
-26.1%
3.2%
Q2 24
-84.2%
3.2%
Q1 24
-55.6%
2.7%
EPS (diluted)
ONL
ONL
STRW
STRW
Q4 25
$-0.63
$0.15
Q3 25
$-1.23
$0.16
Q2 25
$-0.45
$0.16
Q1 25
$-0.17
$0.13
Q4 24
$-0.59
$0.17
Q3 24
$-0.18
$0.14
Q2 24
$-0.60
$0.14
Q1 24
$-0.47
$0.12

Balance Sheet & Financial Strength

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

Metric
ONL
ONL
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$22.4M
$31.8M
Total DebtLower is stronger
$465.0M
$794.7M
Stockholders' EquityBook value
$623.2M
$12.1M
Total Assets
$1.2B
$885.2M
Debt / EquityLower = less leverage
0.75×
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONL
ONL
STRW
STRW
Q4 25
$22.4M
$31.8M
Q3 25
$32.6M
$19.8M
Q2 25
$17.4M
$96.3M
Q1 25
$9.4M
$42.3M
Q4 24
$15.6M
$48.4M
Q3 24
$16.6M
$29.3M
Q2 24
$24.2M
$16.1M
Q1 24
$23.6M
$15.1M
Total Debt
ONL
ONL
STRW
STRW
Q4 25
$465.0M
$794.7M
Q3 25
$483.0M
$779.4M
Q2 25
$483.0M
$794.1M
Q1 25
$505.0M
$715.5M
Q4 24
$492.0M
$673.9M
Q3 24
$485.0M
$584.5M
Q2 24
$462.0M
$555.0M
Q1 24
$471.0M
$560.4M
Stockholders' Equity
ONL
ONL
STRW
STRW
Q4 25
$623.2M
$12.1M
Q3 25
$658.8M
$14.2M
Q2 25
$728.0M
$15.5M
Q1 25
$753.5M
$19.6M
Q4 24
$763.9M
$18.2M
Q3 24
$800.9M
$12.6M
Q2 24
$816.1M
$7.4M
Q1 24
$854.6M
$7.5M
Total Assets
ONL
ONL
STRW
STRW
Q4 25
$1.2B
$885.2M
Q3 25
$1.2B
$880.6M
Q2 25
$1.3B
$897.3M
Q1 25
$1.3B
$834.8M
Q4 24
$1.3B
$787.6M
Q3 24
$1.4B
$661.5M
Q2 24
$1.3B
$635.9M
Q1 24
$1.4B
$634.9M
Debt / Equity
ONL
ONL
STRW
STRW
Q4 25
0.75×
65.64×
Q3 25
0.73×
54.70×
Q2 25
0.66×
51.26×
Q1 25
0.67×
36.47×
Q4 24
0.64×
37.09×
Q3 24
0.61×
46.34×
Q2 24
0.57×
74.61×
Q1 24
0.55×
74.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ONL
ONL
STRW
STRW
Operating Cash FlowLast quarter
$23.6M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONL
ONL
STRW
STRW
Q4 25
$23.6M
$90.0M
Q3 25
$5.7M
$20.7M
Q2 25
$11.6M
$29.8M
Q1 25
$-2.2M
$19.0M
Q4 24
$54.3M
$59.3M
Q3 24
$13.8M
$11.8M
Q2 24
$17.0M
$20.6M
Q1 24
$11.0M
$2.1M
Cash Conversion
ONL
ONL
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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