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Side-by-side financial comparison of ON24 INC. (ONTF) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $24.5M, roughly 1.4× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -18.8%, a 36.4% gap on every dollar of revenue. On growth, UNIVERSAL HEALTH REALTY INCOME TRUST posted the faster year-over-year revenue change (-0.7% vs -5.6%). Over the past eight quarters, UNIVERSAL HEALTH REALTY INCOME TRUST's revenue compounded faster (-1.3% CAGR vs -4.2%).

ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

ONTF vs UHT — Head-to-Head

Bigger by revenue
ONTF
ONTF
1.4× larger
ONTF
$34.6M
$24.5M
UHT
Growing faster (revenue YoY)
UHT
UHT
+4.9% gap
UHT
-0.7%
-5.6%
ONTF
Higher net margin
UHT
UHT
36.4% more per $
UHT
17.7%
-18.8%
ONTF
Faster 2-yr revenue CAGR
UHT
UHT
Annualised
UHT
-1.3%
-4.2%
ONTF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONTF
ONTF
UHT
UHT
Revenue
$34.6M
$24.5M
Net Profit
$-6.5M
$4.3M
Gross Margin
74.9%
Operating Margin
-23.5%
34.7%
Net Margin
-18.8%
17.7%
Revenue YoY
-5.6%
-0.7%
Net Profit YoY
26.8%
-7.2%
EPS (diluted)
$-0.15
$0.32

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
ONTF
ONTF
UHT
UHT
Q4 25
$34.6M
$24.5M
Q3 25
$34.6M
$25.3M
Q2 25
$35.3M
$24.9M
Q1 25
$34.7M
$24.5M
Q4 24
$36.7M
$24.6M
Q3 24
$36.3M
$24.5M
Q2 24
$37.3M
$24.7M
Q1 24
$37.7M
$25.1M
Net Profit
ONTF
ONTF
UHT
UHT
Q4 25
$-6.5M
$4.3M
Q3 25
$-6.4M
$4.0M
Q2 25
$-7.3M
$4.5M
Q1 25
$-8.7M
$4.8M
Q4 24
$-8.9M
$4.7M
Q3 24
$-11.4M
$4.0M
Q2 24
$-11.2M
$5.3M
Q1 24
$-10.7M
$5.3M
Gross Margin
ONTF
ONTF
UHT
UHT
Q4 25
74.9%
Q3 25
74.7%
Q2 25
75.1%
Q1 25
73.8%
Q4 24
74.5%
Q3 24
74.3%
Q2 24
74.5%
Q1 24
74.1%
Operating Margin
ONTF
ONTF
UHT
UHT
Q4 25
-23.5%
34.7%
Q3 25
-23.1%
33.2%
Q2 25
-26.0%
35.6%
Q1 25
-30.1%
36.8%
Q4 24
-32.1%
37.6%
Q3 24
-36.7%
34.7%
Q2 24
-35.0%
38.7%
Q1 24
-33.1%
37.6%
Net Margin
ONTF
ONTF
UHT
UHT
Q4 25
-18.8%
17.7%
Q3 25
-18.4%
15.9%
Q2 25
-20.6%
18.1%
Q1 25
-25.1%
19.5%
Q4 24
-24.2%
18.9%
Q3 24
-31.4%
16.3%
Q2 24
-29.9%
21.3%
Q1 24
-28.4%
21.1%
EPS (diluted)
ONTF
ONTF
UHT
UHT
Q4 25
$-0.15
$0.32
Q3 25
$-0.15
$0.29
Q2 25
$-0.17
$0.32
Q1 25
$-0.21
$0.34
Q4 24
$-0.21
$0.34
Q3 24
$-0.27
$0.29
Q2 24
$-0.27
$0.38
Q1 24
$-0.26
$0.38

Balance Sheet & Financial Strength

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

Metric
ONTF
ONTF
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$37.0M
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$139.4M
$152.4M
Total Assets
$228.4M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONTF
ONTF
UHT
UHT
Q4 25
$37.0M
$6.7M
Q3 25
$47.2M
$6.9M
Q2 25
$37.7M
$6.6M
Q1 25
$26.8M
$7.0M
Q4 24
$14.9M
$7.1M
Q3 24
$11.0M
$6.4M
Q2 24
$15.5M
$5.6M
Q1 24
$18.3M
$7.7M
Total Debt
ONTF
ONTF
UHT
UHT
Q4 25
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ONTF
ONTF
UHT
UHT
Q4 25
$139.4M
$152.4M
Q3 25
$144.3M
$158.6M
Q2 25
$150.0M
$165.2M
Q1 25
$153.7M
$172.2M
Q4 24
$159.4M
$179.5M
Q3 24
$164.9M
$181.6M
Q2 24
$170.8M
$190.7M
Q1 24
$174.4M
$196.5M
Total Assets
ONTF
ONTF
UHT
UHT
Q4 25
$228.4M
$564.9M
Q3 25
$224.8M
$568.0M
Q2 25
$235.1M
$573.0M
Q1 25
$245.8M
$573.5M
Q4 24
$251.0M
$580.9M
Q3 24
$250.9M
$584.3M
Q2 24
$259.0M
$586.6M
Q1 24
$269.2M
$596.2M
Debt / Equity
ONTF
ONTF
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
Q3 24
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
ONTF
ONTF
UHT
UHT
Operating Cash FlowLast quarter
$-1.1M
$49.1M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters
$4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONTF
ONTF
UHT
UHT
Q4 25
$-1.1M
$49.1M
Q3 25
$2.5M
$10.2M
Q2 25
$2.6M
$13.7M
Q1 25
$3.4M
$11.6M
Q4 24
$985.0K
$46.9M
Q3 24
$295.0K
$9.9M
Q2 24
$1.4M
$12.1M
Q1 24
$2.1M
$11.7M
Free Cash Flow
ONTF
ONTF
UHT
UHT
Q4 25
$-2.2M
Q3 25
$2.2M
Q2 25
$2.1M
Q1 25
$1.9M
Q4 24
$424.0K
Q3 24
$143.0K
Q2 24
$898.0K
Q1 24
$1.1M
FCF Margin
ONTF
ONTF
UHT
UHT
Q4 25
-6.4%
Q3 25
6.2%
Q2 25
5.9%
Q1 25
5.6%
Q4 24
1.2%
Q3 24
0.4%
Q2 24
2.4%
Q1 24
2.9%
Capex Intensity
ONTF
ONTF
UHT
UHT
Q4 25
3.3%
Q3 25
1.1%
Q2 25
1.4%
Q1 25
4.2%
Q4 24
1.5%
Q3 24
0.4%
Q2 24
1.3%
Q1 24
2.8%
Cash Conversion
ONTF
ONTF
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
10.06×
Q3 24
2.48×
Q2 24
2.30×
Q1 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONTF
ONTF

Segment breakdown not available.

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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